Spreadsheet: 30572290-c570-42d3-bc83-7bda07799873
Sheet: Sheet1

Netflix, Inc. | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Unnamed: 7 | Unnamed: 8 | Unnamed: 9 | Unnamed: 10 | Unnamed: 11 | Unnamed: 12 | Unnamed: 13 | Unnamed: 14 | Unnamed: 15 | Unnamed: 16 | Unnamed: 17 | Unnamed: 18 | Unnamed: 19
Consolidated Statements of Operations
(unaudited)
(in thousands, except per share data)
 |  |  |  |  | Three Months Ended |  |  |  | Twelve Months Ended | Three Months Ended |  |  |  | Twelve Months Ended | Three Months Ended |  |  |  | Twelve Months Ended
 |  |  |  |  | March 31, | June 30, | September 30, | December 31, | December 31, | March 31, | June 30, | September 30, | December 31, | December 30, | March 31, | June 30, | September 30, | December 31, | December 31,
 |  |  |  |  | 2008 | 2008 | 2008 | 2008 | 2008 | 2009 | 2009 | 2009 | 2009 | 2009 | 2010 | 2010 | 2010 | 2010 | 2010
Revenues |  |  |  |  | 326183 | 337614 | 341269 | 359595 | 1364661 | 394098 | 408509 | 423120 | 444542 | 1670269 | 493665 | 519819 | 553219 | 595922 | 2162625
Cost of revenues:
 | Subscription |  |  |  | 187156 | 193769 | 186573 | 193635 | 761133 | 217456 | 227316 | 233091 | 231598 | 909461 | 259560 | 265387 | 292406 | 336756 | 1154109
 | Fulfillment expenses |  |  |  | 35649 | 36318 | 37923 | 39211 | 149101 | 41812 | 41927 | 42183 | 43888 | 169810 | 47602 | 49547 | 52063 | 54034 | 203246
 |  | Total cost of revenues |  |  | 222805 | 230087 | 224496 | 232846 | 910234 | 259268 | 269243 | 275274 | 275486 | 1079271 | 307162 | 314934 | 344469 | 390790 | 1357355
Gross profit |  |  |  |  | 103378 | 107527 | 116773 | 126749 | 454427 | 134830 | 139266 | 147846 | 169056 | 590998 | 186503 | 204885 | 208750 | 205132 | 805270
Operating expenses:
 | Technology and development |  |  |  | 20267 | 22186 | 23368 | 24052 | 89873 | 24200 | 27119 | 30014 | 33209 | 114542 | 37399 | 37863 | 42108 | 45959 | 163329
 | Marketing |  |  |  | 54895 | 39984 | 49217 | 55617 | 199713 | 62242 | 46231 | 58556 | 70715 | 237744 | 75219 | 74533 | 81238 | 62849 | 293839
 | General and administrative |  |  |  | 13739 | 13419 | 11742 | 10762 | 49662 | 13014 | 13252 | 11543 | 13524 | 51333 | 17193 | 17119 | 17135 | 19108 | 70555
 | Gain on disposal of DVDs |  |  |  | -833 | -2263 | -1628 | -1603 | -6327 | -1097 | -118 | -1604 | -1741 | -4560 | -1653 | -1972 | -1232 | -1237 | -6094
 |  | Total operating expenses |  |  | 88068 | 73326 | 82699 | 88828 | 332921 | 98359 | 86484 | 98509 | 115707 | 399059 | 128158 | 127543 | 139249 | 126679 | 521629
Operating income |  |  |  |  | 15310 | 34201 | 34074 | 37921 | 121506 | 36471 | 52782 | 49337 | 53349 | 191939 | 58345 | 77342 | 69501 | 78453 | 283641
Other income (expense):
 | Interest expense |  |  |  | -423 | -681 | -677 | -677 | -2458 | -670 | -674 | -674 | -4457 | -6475 | -4959 | -4893 | -4945 | -4832 | -19629
 | Interest and other income |  |  |  | 7660 | 2404 | 1536 | 852 | 12452 | 1610 | 866 | 1808 | 2444 | 6728 | 972 | 921 | 853 | 938 | 3684
Income before income taxes |  |  |  |  | 22547 | 35924 | 34933 | 38096 | 131500 | 37411 | 52974 | 50471 | 51336 | 192192 | 54358 | 73370 | 65409 | 74559 | 267696
Provision for income taxes |  |  |  |  | 9203 | 9345 | 14562 | 15364 | 48474 | 15048 | 20531 | 20330 | 20423 | 76332 | 22086 | 29851 | 27442 | 27464 | 106843
Net income |  |  |  |  | 13344 | 26579 | 20371 | 22732 | 83026 | 22363 | 32443 | 30141 | 30913 | 115860 | 32272 | 43519 | 37967 | 47095 | 160853
Net income per share:
 | Basic |  |  |  | 0.2125653115840448 | 0.4302062089281668 | 0.3372235465501258 | 0.3859029640444097 | 1.36195272387264 | 0.3807505022644465 | 0.5605992535250207 | 0.5368325437252877 | 0.5766382510399374 | 2.048444130127299 | 0.6099298822551076 | 0.8291544411843158 | 0.7281462161021826 | 0.8956146356306101 | 3.062175179424699
 | Diluted |  |  |  | 0.2057988895743368 | 0.4162268819393332 | 0.327129367934224 | 0.3769130009451012 | 1.321312623336941 | 0.3683638340279036 | 0.5437981897418706 | 0.520228520142221 | 0.5572018241136286 | 1.983360723089564 | 0.5891738931994523 | 0.8011008025918562 | 0.7039921381023901 | 0.8690076392220542 | 2.962083824395993
Weighted average common shares outstanding:
 | Basic |  |  |  | 62776 | 61782 | 60408 | 58906 | 60961 | 58734 | 57872 | 56146 | 53609 | 56560 | 52911 | 52486 | 52142 | 52584 | 52529
 | Diluted |  |  |  | 64840 | 63857 | 62272 | 60311 | 62836 | 60709 | 59660 | 57938 | 55479 | 58416 | 54775 | 54324 | 53931 | 54194 | 54304