Company profile

Ticker
NFLX
Exchange
Website
CEO
Wilmot Reed Hastings
Employees
Incorporated in
Location
Fiscal year end
Former names
Netflix Com Inc
SEC CIK
IRS number
770467272

NFLX stock data

(
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FINRA relative short interest over last month (20 trading days) ?

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

21 Apr 20
2 Jun 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 5.77B 5.47B 5.24B 4.92B
Net income 709.07M 586.97M 665.24M 270.65M
Diluted EPS 1.57 1.3 1.47 0.6
Net profit margin 12.29% 10.74% 12.68% 5.50%
Operating income 958.26M 458.51M 980.24M 706.42M
Net change in cash 133.45M 583.42M 2.22B -165.9M
Cash on hand 5.15B 5.02B 4.44B 2.22B
Cost of revenue 3.6B 3.47B 3.1B 3.01B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 20.16B 15.79B 11.69B 8.83B
Net income 1.87B 1.21B 558.93M 186.68M
Diluted EPS 4.13 2.68 1.25 0.43
Net profit margin 9.26% 7.67% 4.78% 2.11%
Operating income 2.6B 1.61B 838.68M 379.79M
Net change in cash 2.45B 500.39M 604.72M -341.75M
Cash on hand 5.02B 2.57B 2.07B 1.47B
Cost of revenue 12.44B 9.97B 8.03B 6.26B

Financial data from Netflix earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
20 May 20 Reed Hastings Common Stock Sell Dispose S 447.7562 12,639 5.66M 28,507
20 May 20 Reed Hastings Common Stock Sell Dispose S 455.0191 1,989 905.03K 0
20 May 20 Reed Hastings Common Stock Sell Dispose S 451.6226 1,583 714.92K 10,097
20 May 20 Reed Hastings Common Stock Sell Dispose S 451.0346 2,418 1.09M 11,680
20 May 20 Reed Hastings Common Stock Sell Dispose S 449.7357 6,137 2.76M 14,098
20 May 20 Reed Hastings Common Stock Sell Dispose S 448.7522 8,272 3.71M 20,235
20 May 20 Reed Hastings Common Stock Sell Dispose S 452.9287 3,293 1.49M 6,804
20 May 20 Reed Hastings Common Stock Sell Dispose S 446.8198 6,947 3.1M 41,146
20 May 20 Reed Hastings Common Stock Sell Dispose S 445.6822 4,100 1.83M 48,093
20 May 20 Reed Hastings Common Stock Sell Dispose S 444.632 1,000 444.63K 52,193
82.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1434 1374 +4.4%
Opened positions 214 241 -11.2%
Closed positions 154 131 +17.6%
Increased positions 576 390 +47.7%
Reduced positions 457 557 -18.0%
13F shares
Current Prev Q Change
Total value 134.86B 115.87B +16.4%
Total shares 360.68M 358.51M +0.6%
Total puts 19.49M 30.67M -36.4%
Total calls 14.29M 24.59M -41.9%
Total put/call ratio 1.4 1.2 +9.4%
Largest owners
Shares Value Change
Capital Research Global Investors 37.91M $14.24B -0.2%
Vanguard 34.12M $12.81B +2.2%
BLK BlackRock 28.4M $10.66B +4.5%
FMR 22.36M $8.4B +8.7%
N Price T Rowe Associates 20.51M $7.7B +2.0%
STT State Street 16.35M $6.14B -1.6%
Capital International Investors 13.7M $5.14B +27.3%
Capital World Investors 12.41M $4.66B -14.3%
Jennison Associates 8.95M $3.36B +15.1%
Baillie Gifford & Co 8.01M $3.01B -0.4%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -3.7M EXIT
Capital International Investors 13.7M +2.94M +27.3%
Wellington Management 3.37M +2.18M +181.8%
Capital World Investors 12.41M -2.07M -14.3%
FMR 22.36M +1.78M +8.7%
D1 Capital Partners 2.7M -1.69M -38.4%
Advisor 1.63M +1.63M NEW
Sands Capital Management 5.54M +1.3M +30.7%
BLK BlackRock 28.4M +1.22M +4.5%
Jennison Associates 8.95M +1.17M +15.1%

Financial report summary

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Risks
  • Risks Related to Our Business
  • If our efforts to attract and retain members are not successful, our business will be adversely affected.
  • Changes in competitive offerings for entertainment video, including the potential rapid adoption of piracy-based video offerings, could adversely impact our business.
  • The long-term and fixed cost nature of our content commitments may limit our operating flexibility and could adversely affect our liquidity and results of operations.
  • We face risks, such as unforeseen costs and potential liability in connection with content we acquire, produce, license and/or distribute through our service.
  • If studios, content providers or other rights holders refuse to license streaming content or other rights upon terms acceptable to us, our business could be adversely affected.
  • If we are not able to manage change and growth, our business could be adversely affected.
  • We could be subject to economic, political, regulatory and other risks arising from our international operations.
  • We are subject to taxation related risks in multiple jurisdictions.
  • If we fail to maintain or, in newer markets establish, a positive reputation concerning our service, including the content we offer, we may not be able to attract or retain members, and our operating results may be adversely affected.
  • Changes in how we market our service could adversely affect our marketing expenses and membership levels may be adversely affected.
  • We rely upon a number of partners to make our service available on their devices.
  • Any significant disruption in or unauthorized access to our computer systems or those of third parties that we utilize in our operations, including those relating to cybersecurity or arising from cyber-attacks, could result in a loss or degradation of service, unauthorized disclosure of data, including member and corporate information, or theft of intellectual property, including digital content assets, which could adversely impact our business.
  • We rely upon Amazon Web Services to operate certain aspects of our service and any disruption of or interference with our use of the Amazon Web Services operation would impact our operations and our business would be adversely impacted.
  • If the technology we use in operating our business fails, is unavailable, or does not operate to expectations, our business and results of operation could be adversely impacted.
  • If government regulations relating to the internet or other areas of our business change, we may need to alter the manner in which we conduct our business, or incur greater operating expenses.
  • Changes in how network operators handle and charge for access to data that travel across their networks could adversely impact our business.
  • Privacy concerns could limit our ability to collect and leverage member personal information and other data and disclosure of member personal information and other data could adversely impact our business and reputation.
  • Our reputation and relationships with members would be harmed if member personal information and other data, particularly billing data, were to be accessed by unauthorized persons.
  • We are subject to payment processing risk.
  • If our trademarks and other proprietary rights are not adequately protected to prevent use or appropriation by our competitors, the value of our brand and other intangible assets may be diminished, and our business may be adversely affected.
  • Intellectual property claims against us could be costly and result in the loss of significant rights related to, among other things, our website, streaming technology, our recommendation and merchandising technology, title selection processes and marketing activities.
  • We are engaged in legal proceedings that could cause us to incur unforeseen expenses and could occupy a significant amount of our management's time and attention.
  • We may seek additional capital that may result in stockholder dilution or that may have rights senior to those of our common stockholders.
  • We have a substantial amount of indebtedness and other obligations, including streaming content obligations, which could adversely affect our financial position.
  • We may not be able to generate sufficient cash to service our debt and other obligations.
  • We may lose key employees or may be unable to hire qualified employees.
  • Labor disputes may have an adverse effect on the Company’s business.
  • Risks Related to Our Stock Ownership
  • Provisions in our charter documents and under Delaware law could discourage a takeover that stockholders may consider favorable.
  • Our stock price is volatile.
  • Preparing and forecasting our financial results requires us to make judgments and estimates which may differ materially from actual results.
Management Discussion
  • This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements include, but are not limited to statements regarding: our core strategy; content amortization; impact of recently adopted accounting pronouncements; price changes and testing; dividends; impact of foreign currency and exchange rate fluctuations, including on net income, revenues and average revenues per paying member; deferred revenue; investments in global content, including original content; impact of content on membership growth; the impact of the discontinuance of the LIBO Rate; liquidity, including cash flows from operations, available funds and access to financing sources; net cash provided by (used in) operating activities and free cash flow; unrecognized tax benefits; deferred tax assets; accessing and obtaining additional capital, including use of the debt market; accounting treatment for changes related to content assets; net income; future contractual obligations, including unknown content obligations and timing of payments; membership growth for the remainder of the fiscal year; and the impact of the recent coronavirus (COVID-19) pandemic and our response to it. These forward-looking statements are subject to risks and uncertainties that could cause actual results and events to differ materially from those included in forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed in our Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission (“SEC”) on January 29, 2020, in particular the risk factors discussed under the heading “Risk Factors” in Part I, Item IA. 
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