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NetFlix (NFLX)

Netflix is the world's leading streaming entertainment service with over 195 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.

Company profile

Ticker
NFLX
Exchange
Website
CEO
Reed Hastings
Employees
Incorporated
Location
Fiscal year end
Former names
NETFLIX COM INC
SEC CIK
Subsidiaries
Netflix Entretenimento Brasil LTDA • Netflix International B.V. • Netflix G.K. • Netflix Studios, LLC • Netflix Global, LLC • Netflix México S. de R.L. de C.V. • Netflix Pte. Ltd. • Netflix Services France S.A.S. • Netflix Services UK Limited • Netflix Servicios de Transmisión España, S.L. ...
IRS number
770467272

NFLX stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

21 Apr 22
17 May 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6.03B 6.03B 6.03B 6.03B 6.03B 6.03B
Cash burn (monthly) 6.87M 200.16M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 10.67M 310.78M n/a n/a n/a n/a
Cash remaining 6.02B 5.72B n/a n/a n/a n/a
Runway (months of cash) 876.8 28.6 n/a n/a n/a n/a

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 May 22 Jay C Hoag NQSO Common Stock Grant Acquire A No No 199.46 313 62.43K 313
2 May 22 Gregory K Peters NQSO Common Stock Grant Acquire A No No 199.46 8,356 1.67M 8,356
2 May 22 Rodolphe Belmer NQSO Common Stock Grant Acquire A No No 199.46 314 62.63K 314
2 May 22 Mathias Dopfner NQSO Common Stock Grant Acquire A No No 199.46 313 62.43K 313
2 May 22 Meabe Sergio Ezama NQSO Common Stock Grant Acquire A No No 199.46 1,567 312.55K 1,567
85.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 2087 1882 +10.9%
Opened positions 355 189 +87.8%
Closed positions 150 123 +22.0%
Increased positions 891 761 +17.1%
Reduced positions 539 604 -10.8%
13F shares Current Prev Q Change
Total value 220.8B 221.94B -0.5%
Total shares 377.77M 374.27M +0.9%
Total puts 19.62M 21.22M -7.5%
Total calls 12.38M 19.56M -36.7%
Total put/call ratio 1.6 1.1 +46.1%
Largest owners Shares Value Change
Vanguard 33.56M $20.22B +0.1%
BLK Blackrock 29.22M $17.61B +8.1%
Capital Research Global Investors 25.97M $15.64B -10.9%
Capital International Investors 19.05M $11.48B -3.3%
Growth Fund Of America 18.61M $4.98B 0.0%
FMR 18.53M $11.17B -2.4%
TROW T. Rowe Price 16.87M $10.16B -5.6%
STT State Street 16.48M $9.93B +1.8%
Capital World Investors 13.27M $7.99B +0.4%
Baillie Gifford & Co 7.82M $4.71B -2.1%
Largest transactions Shares Bought/sold Change
Norges Bank 4.34M +4.34M NEW
Capital Research Global Investors 25.97M -3.18M -10.9%
BLK Blackrock 29.22M +2.18M +8.1%
Magellan Asset Management 4.23M -1.62M -27.7%
Fisher Asset Management 5.43M +1.27M +30.4%
TROW T. Rowe Price 16.87M -997.78K -5.6%
Castleview Partners 713.29K +713.29K NEW
Capital International Investors 19.05M -660.35K -3.3%
Sculptor Capital 0 -636.14K EXIT
Sands Capital Management 4.58M -626.64K -12.0%

Financial report summary

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Risks
  • If our efforts to attract and retain members are not successful, our business will be adversely affected.
  • Changes in competitive offerings for entertainment video could adversely impact our business.
  • The ongoing coronavirus (COVID-19) pandemic and the various responses to it has disrupted our business, increased our costs, led to delays in content releases and may continue to impact our business 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 we are not able to manage change and growth, our business could be adversely affected.
  • 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.
  • Our business could be adversely impacted by costs and challenges associated with strategic acquisitions and investments.
  • We rely upon a number of partners to make our service available on their devices.
  • We are subject to payment processing risk.
  • 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.
  • Risks Related to Intellectual Property
  • 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 our trademarks and other proprietary rights are not adequately protected to prevent use or appropriation by third parties, 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, our content, and marketing activities.
  • Risks Related to Information Technology
  • 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.
  • 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.
  • Risks Related to Liquidity
  • The long-term and largely fixed cost nature of our content commitments may limit our operating flexibility and could adversely affect our liquidity and results of operations.
  • 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.
  • Risks Related to International Operations
  • 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.
  • Risks Related to Human Resources
  • 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.
  • Provisions in our charter documents and under Delaware law could discourage a takeover that stockholders may consider favorable, although we have announced plans to modify some of these provisions over time..
  • 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
  • Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • 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; our future financial performance, including expectations regarding revenues, deferred revenue, operating income and margin, net income, expenses, and profitability; liquidity, including the sufficiency of our capital resources, adequacy of existing facilities, net cash provided by (used in) operating activities, access to financing sources, and free cash flows; capital allocation strategies, including any stock repurchases or repurchase programs; seasonality; impact of foreign exchange rate fluctuations; the impact of the discontinuance of the LIBO Rate; future regulatory changes and their impact on our business; price changes and testing; impact of recently adopted accounting pronouncements; accounting treatment for changes related to content assets; membership growth, including impact of content and pricing changes on membership growth; partnerships; member viewing patterns; dividends; future contractual obligations, including unknown content obligations and timing of payments; our global content and marketing investments, including investments in original programming; content amortization; tax expense; unrecognized tax benefits; deferred tax assets; our ability to effectively manage change and growth; and the impact of the 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, 2021 filed with the Securities and Exchange Commission (“SEC”) on January 27, 2022, in particular the risk factors discussed under the heading “Risk Factors” in Part I, Item IA. 
  • We assume no obligation to revise or publicly release any revision to any forward-looking statements contained in this Quarterly Report on Form 10-Q, unless required by law.

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New words: cast, Codification, combination, crew, PPE
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