8-KEarnings & ResultsExhibits & Filings

NETFLIX INC 8-K Report, Financial Results (Jul 17, 2017)

Filed July 17, 2017For Securities:NFLX

Summary

This 8-K filing from Netflix, Inc. (NFLX) on July 17, 2017, announces the company's financial results for the quarter ended June 30, 2017. The primary focus for investors is the accompanying Letter to Shareholders, which provides a detailed overview of the company's performance and outlook. This filing also highlights the company's use of non-GAAP financial measures, specifically free cash flow and EBITDA, which management believes are important indicators of liquidity and cash generation available for debt repayment and investments. Investors are advised to consider these non-GAAP measures alongside GAAP-based financial metrics.

Key Highlights

  • 1Announcement of Q2 2017 financial results for Netflix, Inc. (NFLX).
  • 2Results are detailed in a Letter to Shareholders, incorporated as Exhibit 99.1.
  • 3Netflix utilizes non-GAAP financial measures: free cash flow and EBITDA.
  • 4Management views free cash flow and EBITDA as key liquidity metrics.
  • 5These non-GAAP measures are presented to offer insights into cash available for debt repayment, investments, and operational cash usage.
  • 6Reconciliations of non-GAAP measures to GAAP equivalents are provided in Exhibit 99.1.
  • 7The information is not considered 'filed' for Section 18 of the Exchange Act unless expressly stated.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Netflix's financial results for the quarter ended June 30, 2017, and to provide investors with the accompanying Letter to Shareholders which contains detailed performance information.

Netflix discusses two non-GAAP financial measures: free cash flow and EBITDA. Management believes these measures are important for understanding the company's liquidity and cash generation.

The detailed financial results and commentary are provided in the Letter to Shareholders, which is included as Exhibit 99.1 to this 8-K filing.

No, Netflix states that these non-GAAP measures should be considered in addition to, not as a substitute for or superior to, net income, operating income, diluted earnings per share, and net cash provided by operating activities, or other GAAP-prepared financial measures.