8-KEarnings & ResultsExhibits & Filings

NETFLIX INC 8-K Report, Financial Results (Jul 24, 2012)

Filed July 24, 2012For Securities:NFLX

Summary

This 8-K filing by Netflix, Inc. on July 24, 2012, announces the company's financial results for the second quarter ended June 30, 2012. The primary focus of the report is the disclosure of financial results via a Letter to Shareholders. Notably, the company highlights the use of "free cash flow" as a key liquidity metric. Management emphasizes that this non-GAAP measure is considered in addition to, and not as a substitute for, GAAP-based financial measures like net income and cash provided by operating activities. Investors should review the attached "Letter to Shareholders" (Exhibit 99.1) for detailed financial performance information and the company's perspective on its operational and financial condition during the quarter.

Key Highlights

  • 1Netflix announced its Q2 2012 financial results on July 24, 2012.
  • 2The filing primarily consists of the company's "Letter to Shareholders" detailing these results.
  • 3Netflix highlighted "free cash flow" as an important liquidity metric for investors.
  • 4The company clarified that free cash flow is a non-GAAP measure.
  • 5Management stressed that free cash flow should be considered alongside GAAP measures like net income and operating cash flow.
  • 6The "Letter to Shareholders" (Exhibit 99.1) contains the detailed financial and operational information.
  • 7Information in this report is not considered 'filed' for Section 18 of the Securities Exchange Act of 1934 purposes unless specifically incorporated by reference.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Netflix's financial results for the second quarter ended June 30, 2012, through a "Letter to Shareholders" which is included as an exhibit.

Netflix emphasized "free cash flow" as an important liquidity metric in this report. Management believes it's a useful measure of cash available for various corporate activities.

No, "free cash flow" is presented as a non-GAAP financial measure by Netflix. Management advises that it should be considered in addition to, and not as a substitute for, GAAP measures such as net income or net cash provided by operating activities.

The detailed financial results and the company's commentary are provided in the "Letter to Shareholders" dated July 24, 2012, which is attached as Exhibit 99.1 to this 8-K filing.