Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

NETFLIX INC. Consolidated Statements of Earnings For Year Ended December 31, $ thousands 2018 Revenues $14,578,177 Cost of revenues 9,200,038 Marketing 2,187,020 Technology and

image text in transcribedimage text in transcribedimage text in transcribed

NETFLIX INC. Consolidated Statements of Earnings For Year Ended December 31, $ thousands 2018 Revenues $14,578,177 Cost of revenues 9,200,038 Marketing 2,187,020 Technology and development 1,127,734 General and administrative 630,294 Operating income 1,433,091 Other income (expense) Interest expense (388,115) Interest and other income 41,725 Income before income taxes 1,086,701 Provision for income taxes 14,044 Net income $1,072,657 NETFLIX INC. Consolidated Balance Sheets in thousands, except par value 2018 2017 Current assets Cash and cash equivalents Current content assets, net $3,502,308 $2,605,440 4,754,545 3,978,992 Other current assets 690,834 494,954 Total current assets 8,947,687 7,079,386 Noncurrent content assets, net 13,808,961 9,572,484 Property and equipment, net 418,2811 319,404 Other noncurrent assets Total assets Current liabilities 831,651 602,081 $24,006,580 $17,573,355 Current content liabilities $4,325,196 $3,851,717 Accounts payable Accrued expenses Deferred revenue 519,635 331,869 440,656 290,832 702210 170 00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting for Managers

Authors: Eric Noreen, Peter Brewer, Ray Garrison

2nd edition

978-0077403485, 77403487, 73527130, 978-0073527130

More Books

Students also viewed these Accounting questions

Question

=+b) What would you recommend doing next to help improve the model?

Answered: 1 week ago

Question

What was the positive value of Max Weber's model of "bureaucracy?"

Answered: 1 week ago