8-KEarnings & ResultsExhibits & Filings

NETFLIX INC 8-K Report, Financial Results (Apr 22, 2013)

Filed April 22, 2013For Securities:NFLX

Summary

This 8-K filing from Netflix, Inc. (NFLX) on April 22, 2013, primarily serves to announce the company's financial results for the first quarter ended March 31, 2013. The report highlights the use of non-GAAP financial measures, specifically free cash flow, net income, and diluted earnings per share, which management believes offer valuable insights into the company's core operational performance and liquidity. Investors are advised to consider these non-GAAP measures alongside their GAAP equivalents for a comprehensive understanding. The attached Letter to Shareholders (Exhibit 99.1) provides the detailed financial information and reconciliations. While these non-GAAP metrics are presented as useful, the filing explicitly states they should not be viewed as superior to or a substitute for standard GAAP financial measures. This disclosure is crucial for investors seeking to understand Netflix's financial health and operational efficiency beyond the standard accounting frameworks.

Key Highlights

  • 1Netflix announced its financial results for the first quarter ended March 31, 2013, on April 22, 2013.
  • 2The company is utilizing non-GAAP financial measures, including free cash flow, net income, and diluted earnings per share.
  • 3Management believes these non-GAAP measures provide useful insights into Netflix's core operating results and liquidity.
  • 4Free cash flow is presented as an important metric for assessing available cash for debt repayment and investments.
  • 5The Letter to Shareholders (Exhibit 99.1) contains detailed financial information and reconciliations to GAAP measures.
  • 6Investors are cautioned that non-GAAP measures should be considered in addition to, not as a substitute for, GAAP financial measures.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Netflix, Inc.'s financial results for the first quarter ended March 31, 2013, and to provide commentary on these results via a Letter to Shareholders.

Netflix highlights free cash flow, net income, and diluted earnings per share as important non-GAAP financial measures in this report.

Netflix's management believes these non-GAAP measures, such as free cash flow, net income, and diluted earnings per share, provide useful information that helps explain the company's core operating results and liquidity, by excluding certain items not indicative of ongoing performance.

Investors are advised to consider these non-GAAP measures in conjunction with, and not as a substitute for or superior to, the most directly comparable GAAP financial measures. The filing emphasizes that reconciliations to GAAP equivalents are provided in the attached Letter to Shareholders.