NETFLIX, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share data)Year ended December 31,201815,794,3419,967,5382020201920,156,447 SRevenues24,996,056 $Cost of revenues15,276,3192,228,36212,440,213Marketing2,652,4622,369,4691,221,814Technology and developmentGeneral and administrativeOper. expenjes 1.829,6001,545,149914,3691,076,486630,294Operating incomeOther income (expense):Interest expenseInterest and other income (expense)4,585,2892,604,2541,605,226(767,499)(618,441)3,199,349(626,023)84,000(420,493)41,725Income before income taxes2,062,231(195,315)1,866,916 S1,226,458Provision for income taxes(437,954)2,761,395 S(15,216)1,211,242Net incomeEarnings per share:Basie6.26 $4.26 $2.78Diluted6.08 S4.13 $2.68Weighted-average common shares outstanding:Basic440,922437,799435,374Diluted454,208451,765451,244See accompanying notes to consolidated financial statements.42TO calcalate "other expensis"4,585,25f2 C004254Oper. incomeSe ive for X1,866.9102, 761, 395pet income

The equation for this question is Net Income = Operating Income - Other Expense The question has…

NETFLIX, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Year ended December 31. 2020 2019 2018 20,156,447 S 12,440,213 Revenues 24,996,056 S 15,794,341 9,967,538 Cost of revenues 15,276,319 228,362 Marketing Technology and development 2,652,462 2,369,469 1,221,814 Oper. expenies 1,829,600 1,545,149 914,369 2,604,254 General and administrative 1,076,486 Operating income Other income (expense): 630,294 1,605,226 4,585,289 Interest expense (767,499) (618,441) 3,199,349 (626,023) 84,000 (420,493) 41,725 Interest and other income (expense) Income before income taxes 2,062,231 (195,315) 1,866,916 $ 1,226,458 Provision for income taxes (437,954) 2,761,395 S (15,216) Net income 1,211.242 Earnings per share: Basic 6.26 S 4.26 $ 2.78 Diluted 6.08 S 4.13 S 2.68 Weighted-average common shares outstanding: Basic 440,922 437,799 435,374 Diluted 454,208 451,765 451,244 See accompanying notes to consolidated financial statements. TO calculate "other expenss" 4,585,25f 2 604254 oper. in come Soive fer X 1,866.910 2, 761, 395 pet income

NETFLIX, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Year ended December 31. 2020 2019 2018 20,156,447 S 12,440,213 Revenues 24,996,056 S 15,794,341 9,967,538 Cost of revenues 15,276,319 228,362 Marketing Technology and development 2,652,462 2,369,469 1,221,814 Oper. expenies 1,829,600 1,545,149 914,369 2,604,254 General and administrative 1,076,486 Operating income Other income (expense): 630,294 1,605,226 4,585,289 Interest expense (767,499) (618,441) 3,199,349 (626,023) 84,000 (420,493) 41,725 Interest and other income (expense) Income before income taxes 2,062,231 (195,315) 1,866,916 $ 1,226,458 Provision for income taxes (437,954) 2,761,395 S (15,216) Net income 1,211.242 Earnings per share: Basic 6.26 S 4.26 $ 2.78 Diluted 6.08 S 4.13 S 2.68 Weighted-average common shares outstanding: Basic 440,922 437,799 435,374 Diluted 454,208 451,765 451,244 See accompanying notes to consolidated financial statements. TO calculate "other expenss" 4,585,25f 2 604254 oper. in come Soive fer X 1,866.910 2, 761, 395 pet income

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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