Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Netflix Inc., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenues	33,723,297)	31,615,550)	29,697,844)	24,996,056)	20,156,447)
Cost of revenues	(19,715,368)	(19,168,285)	(17,332,683)	(15,276,319)	(12,440,213)
Gross profit	14,007,929)	12,447,265)	12,365,161)	9,719,737)	7,716,234)
Marketing	(2,657,883)	(2,530,502)	(2,545,146)	(2,228,362)	(2,652,462)
Technology and development	(2,675,758)	(2,711,041)	(2,273,885)	(1,829,600)	(1,545,149)
General and administrative	(1,720,285)	(1,572,891)	(1,351,621)	(1,076,486)	(914,369)
Operating income	6,954,003)	5,632,831)	6,194,509)	4,585,289)	2,604,254)
Interest expense	(699,826)	(706,212)	(765,620)	(767,499)	(626,023)
Interest and other income (expense)	(48,772)	337,310)	411,214)	(618,441)	84,000)
Other income (expense)	(748,598)	(368,902)	(354,406)	(1,385,940)	(542,023)
Income before income taxes	6,205,405)	5,263,929)	5,840,103)	3,199,349)	2,062,231)
Provision for income taxes	(797,415)	(772,005)	(723,875)	(437,954)	(195,315)
Net income	5,407,990)	4,491,924)	5,116,228)	2,761,395)	1,866,916)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Netflix Inc. revenues increased from 2021 to 2022 and from 2022 to 2023.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Netflix Inc. operating income decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Netflix Inc. income before income taxes decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Netflix Inc. net income decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Netflix Inc. (NASDAQ:NFLX)

Income Statement