Question
Netflix, Inc. disclosed the following income statement figures for the year ended December 31, 2023: Item Amount (in millions) Revenue $34,933 Cost of Revenue $14,875
Netflix, Inc. disclosed the following income statement figures for the year ended December 31, 2023:
Item | Amount (in millions) |
Revenue | $34,933 |
Cost of Revenue | $14,875 |
Gross Profit | $20,058 |
Operating Expenses | $14,220 |
Operating Income | $5,838 |
Interest Expense | $594 |
Income Before Taxes | $5,244 |
Income Tax Expense | $1,544 |
Net Income | $3,700 |
a. Calculate Netflix, Inc.'s gross profit margin. b. Determine the operating income margin for Netflix, Inc. c. Discuss the impact of Netflix, Inc.'s operating expenses on its profitability. d. Analyze the net income trend of Netflix, Inc. over the past five fiscal years.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started