NetFlix 2002 Annual Report Download - page 77

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NETFLIX, INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
Years Ended December 31, 2000, 2001 and 2002
(in thousands, except share, per share and per DVD data)
offering. The Company consummated a qualified initial public offering during May 2002 and repaid the face value and all accrued interest on the subordinated promissory notes. The
repayment resulted in a non−cash other expense of $10,695, related to the acceleration of the accretion of the discount, during the quarter ended June 30, 2002.
(2) Quarterly stock prices are presented from the date of the Company’s May 2002 initial public offering.
F−24