10-K/APeriod: FY2018

NETFLIX INC Annual Report (Amendment), Year Ended Dec 31, 2018

Filed February 8, 2019For Securities:NFLX

Summary

This 10-K/A filing from Netflix, Inc. for the period ending December 30, 2018, primarily serves as an amendment and lists the exhibits filed as part of the annual report. While it does not contain the full financial statements themselves, it references "Item 8. Financial Statements and Supplementary Data" for that detailed information. Investors should note that this filing primarily confirms the comprehensive set of documents accompanying the 2018 annual results, including key corporate governance documents, debt agreements (indentures for various senior notes), and executive compensation plans. The significance for investors lies in the confirmation of Netflix's ongoing disclosure practices. The extensive list of exhibits indicates a robust framework of legal and financial documentation supporting the company's operations, including its capital structure and commitments. The filing points to the availability of crucial information regarding the company's financing activities and its relationships with lenders and other financial institutions through various indentures for senior notes issued across different years.

Financial Highlights

46 data points
Beta

Revenue

$15.79B

36.9% Gross Margin

Net Income

$1.21B

7.7% Net Margin

EPS (Diluted)

$0.27

Total Assets

$25.97B

Cash & Equivalents

$3.81B

Free Cash Flow

-$2.85B

Financial Statements
Beta
Revenue$15.79B
Cost of Revenue$9.97B
Gross Profit$5.83B
R&D Expenses$1.22B
Operating Income$1.61B
Interest Expense$420.49M
Net Income$1.21B
EPS (Basic)$0.28
EPS (Diluted)$0.27
Shares Outstanding (Basic)4.35B
Shares Outstanding (Diluted)4.51B

Key Highlights

  • 1This filing is an amendment to the 2018 10-K, primarily detailing the exhibits filed with the annual report.
  • 2Key corporate documents such as the Restated Certificate of Incorporation and Amended and Restated Bylaws are listed.
  • 3A comprehensive series of indentures for various senior notes issued by Netflix, indicating ongoing debt financing activities, are referenced.
  • 4Exhibits include forms of stock certificates and agreements related to stock plans and executive compensation, such as the 2002 Stock Plan and Executive Severance and Retention Incentive Plans.
  • 5Various purchase and registration rights agreements related to debt offerings are listed, demonstrating the company's engagement with capital markets.
  • 6The filing confirms the inclusion of a List of Significant Subsidiaries (Exhibit 21.1) and the Consent of Ernst & Young LLP (Exhibit 23.1).

Frequently Asked Questions

The financial statements themselves are not included in this specific 10-K/A filing. They are located under "Item 8. Financial Statements and Supplementary Data" in the original Form 10-K filing.

This filing is an amendment to the annual report (10-K) and its primary function is to list and incorporate by reference all the exhibits that constitute the complete annual report package. It does not introduce new financial data but confirms the documentation framework.

While this filing doesn't detail the financial terms of the debt, it lists numerous Indenture agreements for various series of Senior Notes (e.g., 6.375% Senior Notes due 2029, 4.625% Senior Notes due 2029). These exhibits provide reference to the formal agreements governing Netflix's debt.

This filing references several exhibits related to executive compensation, including the Amended and Restated 2002 Stock Plan, the 2011 Stock Plan, an amended and restated Executive Severance and Retention Incentive Plan, and a Performance Bonus Plan. These documents outline the frameworks for compensating executives.