Financials Netflix, Inc.

Equities

NFLX

US64110L1061

Internet Services

Market Closed - Nasdaq Other stock markets 21:00:00 02/12/2024 GMT			After market 00:51:06
897.74 ^USD	+1.23%		898.74	+0.11%

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Projected Income Statement: Netflix, Inc.

income-statement-evolution-chart NETFLIX-INC

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	20,156	24,996	29,698	31,616	33,723	38,885	43,731	48,330
Change	-	24.01%	18.81%	6.46%	6.67%	15.31%	12.46%	10.52%
EBITDA ¹	3,113	5,116	6,806	6,545	7,650	10,933	13,038	15,274
Change	-	64.34%	33.03%	-3.84%	16.89%	42.91%	19.25%	17.15%
EBIT ¹	2,604	4,585	6,195	5,633	6,954	10,357	12,383	14,601
Change	-	76.07%	35.1%	-9.07%	23.45%	48.94%	19.56%	17.91%
Interest Paid ¹	-626	-767.5	-765.6	-706.2	-699.8	-707.5	-698.4	-662.2
Earnings before Tax (EBT) ¹	2,062	3,199	5,840	5,264	6,205	9,938	11,940	14,207
Change	-	55.14%	82.54%	-9.87%	17.89%	60.16%	20.14%	18.99%
Net income ¹	1,867	2,761	5,116	4,492	5,408	8,665	10,261	12,039
Change	-	47.91%	85.28%	-12.2%	20.39%	60.23%	18.41%	17.33%
Announcement Date	21/01/20	19/01/21	20/01/22	19/01/23	23/01/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: Diciembre	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	5,467	5,768	6,148	6,436	6,644	7,163	7,342	7,483	7,709	7,868	7,970	7,926	7,852	8,162	8,187	8,542	8,833	9,370	9,559	9,825	10,140	10,583	10,768	11,026	11,361	11,738	11,813	12,097
Change	-	5.49%	6.6%	4.67%	3.24%	7.81%	2.49%	1.93%	3.02%	2.06%	1.3%	-0.56%	-0.93%	3.94%	0.32%	4.33%	3.41%	6.09%	2.02%	2.78%	3.21%	4.36%	1.75%	2.39%	3.04%	3.32%	0.64%	2.41%
EBITDA ¹	586.4	1,084	1,489	1,450	1,094	2,103	1,988	1,921	795.1	2,165	1,812	1,770	797.1	1,904	1,995	2,087	1,665	2,796	2,753	3,056	2,376	3,344	3,306	3,532	2,861	3,881	3,703	4,010
Change	-	84.82%	37.37%	-2.62%	-24.56%	92.25%	-5.48%	-3.37%	-58.6%	172.35%	-16.31%	-2.31%	-54.97%	138.84%	4.77%	4.62%	-20.2%	67.92%	-1.55%	11.01%	-22.25%	40.75%	-1.16%	6.84%	-18.98%	35.63%	-4.58%	8.29%
EBIT ¹	458.5	958.3	1,358	1,315	954.2	1,960	1,848	1,755	631.8	1,972	1,578	1,533	549.9	1,714	1,827	1,916	1,496	2,633	2,603	2,909	2,219	3,169	3,136	3,375	2,688	3,690	3,520	3,824
Change	-	108.99%	41.71%	-3.17%	-27.43%	105.38%	-5.73%	-5%	-64.01%	212.08%	-19.95%	-2.87%	-64.13%	211.75%	6.58%	4.88%	-21.93%	75.96%	-1.13%	11.78%	-23.73%	42.79%	-1.05%	7.63%	-20.34%	37.26%	-4.61%	8.65%
Charge d'intérêts ¹	-177.8	-184.1	-189.2	-197.1	-197.2	-194.4	-191.3	-190.4	-189.4	-187.6	-175.5	-172.6	-170.6	-174.2	-174.8	-175.6	-175.2	-173.3	-168	-184.8	-186.4	-181.5	-176	-169.9	-169.7	-	-	-
Earnings before Tax (EBT) ¹	149.3	795.9	1,036	861.5	506.4	2,035	1,594	1,661	550.9	1,980	1,623	1,622	39.34	1,469	1,679	1,909	1,148	2,615	2,514	2,703	2,108	3,066	3,049	3,275	2,611	3,628	3,556	3,891
Change	-	432.95%	30.12%	-16.82%	-41.21%	301.74%	-21.66%	4.21%	-66.84%	259.39%	-18.01%	-0.07%	-97.57%	3,634.17%	14.33%	13.68%	-39.86%	127.72%	-3.85%	7.52%	-22.01%	45.43%	-0.55%	7.42%	-20.29%	38.97%	-1.98%	9.42%
Net income ¹	587	709.1	720.2	790	542.2	1,707	1,353	1,449	607.4	1,597	1,441	1,398	55.28	1,305	1,488	1,677	937.8	2,332	2,147	2,364	1,831	2,636	2,608	2,808	2,230	2,970	2,832	3,084
Change	-	20.8%	1.57%	9.69%	-31.37%	214.8%	-20.72%	7.1%	-58.08%	162.98%	-9.8%	-2.96%	-96.05%	2,260.76%	13.98%	12.76%	-44.09%	148.68%	-7.93%	10.07%	-22.54%	43.98%	-1.05%	7.67%	-20.61%	33.22%	-4.66%	8.92%
Announcement Date	21/01/20	21/04/20	16/07/20	20/10/20	19/01/21	20/04/21	20/07/21	19/10/21	20/01/22	19/04/22	19/07/22	18/10/22	19/01/23	18/04/23	19/07/23	18/10/23	23/01/24	18/04/24	18/07/24	17/10/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Netflix, Inc.

balance-sheet-analysis-chart NETFLIX-INC

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	9,741	8,103	9,365	8,295	7,405	7,857	7,374	5,401
Change	-	-16.82%	15.57%	-11.43%	-10.73%	6.1%	-6.15%	-26.76%
Announcement Date	21/01/20	19/01/21	20/01/22	19/01/23	23/01/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Netflix, Inc.

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	253	497.9	524.6	407.7	348.6	387.2	447.9	475.7
Change	-	96.78%	5.35%	-22.28%	-14.51%	11.1%	15.66%	6.2%
Free Cash Flow (FCF) ¹	-3,274	1,922	-158.9	1,619	6,926	6,585	8,992	10,751
Change	-	-158.69%	-108.27%	-1,118.62%	327.9%	-4.91%	36.54%	19.56%
Announcement Date	21/01/20	19/01/21	20/01/22	19/01/23	23/01/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Netflix, Inc.

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	15.45%	20.47%	22.92%	20.7%	22.69%	28.12%	29.81%	31.6%
EBIT Margin (%)	12.92%	18.34%	20.86%	17.82%	20.62%	26.64%	28.32%	30.21%
EBT Margin (%)	10.23%	12.8%	19.67%	16.65%	18.4%	25.56%	27.3%	29.39%
Net margin (%)	9.26%	11.05%	17.23%	14.21%	16.04%	22.28%	23.46%	24.91%
FCF margin (%)	-16.24%	7.69%	-0.54%	5.12%	20.54%	16.94%	20.56%	22.24%
FCF / Net Income (%)	-175.39%	69.59%	-3.11%	36.03%	128.07%	76%	87.63%	89.3%
Profitability
ROA	6.23%	7.54%	12.2%	9.64%	11.11%	16.8%	18.62%	19.68%
ROE	29.12%	29.62%	38.02%	24.53%	26.15%	37.74%	38.28%	37.12%
Financial Health
Leverage (Debt/EBITDA)	3.13x	1.58x	1.38x	1.27x	0.97x	0.72x	0.57x	0.35x
Debt / Free cash flow	-2.97x	4.22x	-58.94x	5.12x	1.07x	1.19x	0.82x	0.5x
Capital Intensity
CAPEX / Current Assets (%)	1.26%	1.99%	1.77%	1.29%	1.03%	1%	1.02%	0.98%
CAPEX / EBITDA (%)	8.13%	9.73%	7.71%	6.23%	4.56%	3.54%	3.44%	3.11%
CAPEX / FCF (%)	-7.73%	25.91%	-330.15%	25.19%	5.03%	5.88%	4.98%	4.42%
Items per share
Cash flow per share ¹	-6.391	5.344	0.8622	4.49	16.18	15.79	20.57	24.98
Change	-	-183.61%	-83.86%	420.75%	260.43%	-2.44%	30.26%	21.47%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	16.78	24.36	34.81	46.04	46.63	54.11	66.45	82.37
Change	-	45.15%	42.87%	32.28%	1.27%	16.05%	22.8%	23.97%
EPS ¹	4.13	6.08	11.24	9.95	12.03	19.76	23.77	28.21
Change	-	47.22%	84.87%	-11.48%	20.9%	64.27%	20.26%	18.71%
Nbr of stocks (in thousands)	438,251	441,795	442,952	445,020	437,680	427,458	427,458	427,458
Announcement Date	21/01/20	19/01/21	20/01/22	19/01/23	23/01/24	-	-	-