8-KEarnings & ResultsExhibits & Filings

NETFLIX INC 8-K Report, Financial Results (Apr 23, 2009)

Filed April 23, 2009For Securities:NFLX

Summary

Netflix, Inc. (NFLX) filed a Form 8-K on April 23, 2009, to announce its financial results for the first quarter ended March 31, 2009. The filing primarily consists of a press release detailing these results and provides a discussion of non-GAAP financial measures used by management. Key to investors, the company highlighted its use of non-GAAP net income, which excludes the impact of stock option accounting, as a measure of operating performance. Additionally, free cash flow, excluding certain investment and financing activities, was presented as a key liquidity indicator. While these non-GAAP measures offer management's perspective on performance and liquidity, investors are advised to consider them alongside traditional GAAP financial metrics.

Key Highlights

  • 1Netflix reported its financial results for the quarter ended March 31, 2009.
  • 2The company disclosed the use of non-GAAP financial measures, including non-GAAP net income.
  • 3Non-GAAP net income excludes the non-cash impact of stock option accounting.
  • 4Free cash flow was presented as a measure of liquidity, excluding certain non-operational cash flows.
  • 5Management believes these non-GAAP measures provide useful insights into operating performance and liquidity.
  • 6Investors are encouraged to review these non-GAAP measures in conjunction with GAAP financial statements.
  • 7The filing includes a press release (Exhibit 99.1) containing the detailed financial results.

Frequently Asked Questions

The 8-K filing announces Netflix's financial results for the first quarter ended March 31, 2009. Specific figures are detailed in the attached press release (Exhibit 99.1), which serves as the primary source of financial data.

Netflix is using non-GAAP financial measures to provide additional insights into its performance and liquidity. Non-GAAP net income excludes the non-cash impact of stock option accounting, and free cash flow excludes certain investment and financing activities. Management believes these measures offer a clearer view of core operating performance and cash generation.

No, the filing emphasizes that these non-GAAP measures should be considered in addition to, not as a substitute for, or superior to, net income and net cash provided by operating activities, or other financial measures prepared in accordance with GAAP. Investors should analyze both GAAP and non-GAAP figures for a comprehensive understanding.

The detailed financial results are provided in the press release issued by Netflix on April 23, 2009, which is attached as Exhibit 99.1 to this 8-K filing. This press release is incorporated by reference.