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NETFLIX, INC. 2021 Percent 2022 Percent CONSOLIDATED STATEMENT OF OPERATIONS I need two sentences report on the highlighted area between 2021 and 2022. (In thousands,

NETFLIX, INC. 2021 Percent 2022 Percent
CONSOLIDATED STATEMENT OF OPERATIONS I need two sentences report on the highlighted area between 2021 and 2022.
(In thousands, except share and per share data)
Year ended December 31,
Income Statement
Revenues $ 29,697,844 100.00% $ 31,615,550 100.00%
Cost of revenues $ 17,332,683 58.36% $ 19,168,285 60.63%
Marketing $ 2,545,146 8.57% $ 2,530,502 8.00%
Technology and development $ 2,273,885 7.66% $ 2,711,041 8.58%
Gereral and administrative $ 1,351,621 4.55% $ 1,572,891 4.98%
Operating income $ 6,194,509 20.86% $ 5,632,831 17.82%
Other income (expense):
Interest expense $ (765,620) -2.58% $ (706,212) -2.23%
Interest and other income (expense) $ 411,214 1.38% $ 337,310 1.07%
Income before income taxes $ 5,840,103 19.67% $ 5,263,929 16.65%
Provision for income taxes $ (723,875) -2.44% $ (772,005) -2.44%
Net income $ 5,116,228 17.23% $ 4,491,924 14.21%
Earnings per share:
Basic $ 11.55 $ 10.10
Diluted $ 11.24 $ 9.95
Weighted-everage common shares outstanding
Basic 443,155 444,698
Diluted 455,372 451,290
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Net Income $ 5,116,228 17.23% $ 4,491,924 14.21%
Other comprehensive income (loss)
Foreign currency transalation adjustments $ (84,893) -0.29% $ (176,811) -0.56%
Comprehensive Income $ 5,031,335 16.94% $ 4,315,113 13.65%
CONSOLIDATED STATEMENT BALANCE SHEET
(In thousands, except share and per share data)
Year ended December 31,
Assets Balance Sheet
Current assets:
Cash and cash equivalents $ 6,027,804 13.52% $ 5,147,176 10.59%
Short-term investments $ - 0.00% $ 911,276 1.88%
Other current assets $ 2,042,021 4.58% $ 3,208,021 6.60%
Total current assets $ 8,069,825 18.10% $ 9,266,473 19.07%
Content assets, net $ 30,919,539 69.35% $ 32,736,713 67.37%
Property and equimpent, net $ 1,323,453 2.97% $ 1,398,257 2.88%
Other non-current assets $ 4,271,846 9.58% $ 5,193,325 10.69%
Total assets $ 44,584,663 100.00% $ 48,594,768 100.00%
Liabilities and Stockholder's Equity
Current liabilities:
Current content liabilities $ 4,292,967 9.63% $ 4,480,150 9.22%
Accounts payable $ 837,483 1.88% $ 671,513 1.38%
Accrued expenses and other liabilities $ 1,449,351 3.25% $ 1,514,650 3.12%
Deferred revenue $ 1,209,342 2.71% $ 1,264,661 2.60%
Short-term debt $ 669,823 1.50% $ - 0.00%
Total current liabilities $ 8,488,966 19.04% $ 7,930,974 16.32%
Non-current content liabilities $ 3,094,213 6.94% $ 3,081,277 6.34%
Long-term debt $ 14,693,072 32.96% $ 14,353,076 29.54%
Other non-current liabilities $ 2,459,164 5.52% $ 2,452,040 5.05%
Total liabilities $ 28,735,415 64.45% $ 27,817,367 57.24%
Stockholders' equity:
Preferred stock $ - $ -
Common stock $ 4,024,561 9.03% $ 4,637,601 9.54%
Treasury stock $ (824,190) -1.85% $ (824,190) -1.70%
Accumulated other comprehensive loss $ (40,495) -0.09% $ (217,306) -0.45%
Retained earnings $ 12,689,372 28.46% $ 17,181,296 35.36%
Total stockholder's equity $ 15,849,248 35.55% $ 20,777,401 42.76%
Total liabilities and stockholder's equity $ 44,584,663 100.00% $ 48,594,768 100.00%

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