Netflix, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter of 2014
For the year, the company reported net income of $112,403,000 or $1.85 per diluted share on revenues of $4,374,562,000 compared to net income of $17,152,000 or $0.29 per diluted share on revenues of $3,609,282,000 reported a year ago. Operating income was $228,347,000 compared to $49,992,000 reported a year ago. Income before income taxes was $171,074,000 compared to $30,480,000 reported a year ago. Purchases of property and equipment were $54,143,000 compared to $40,278,000 reported a year ago. Net cash provided by operating activities was $97,831,000 compared to $21,586,000 reported a year ago.
For the first quarter, the company expects EPS of $0.78.