NetFlix 2003 Annual Report Download - page 25

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PART II
Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters
Our common stock has traded on the NASDAQ National Market under the symbol “NFLX” since our initial
public offering on May 29, 2002. The following table sets forth the high and low per-share closing prices of our
common stock for the periods indicated, as reported by the NASDAQ National Market:
2002 2003
High Low High Low
First quarter ............................................. $— $— $10.87 $ 5.41
Second quarter ........................................... 8.47 6.38 12.78 9.48
Third quarter ............................................ 8.94 4.85 19.57 11.55
Fourth quarter ........................................... 6.40 2.61 29.80 17.26
On January 16, 2004, our Board of Directors declared a two-for-one stock split in the form of a stock
dividend on our outstanding common stock. The additional shares of common stock were distributed on
February 11, 2004. All common share and per-share amounts have been retroactively restated throughout this
annual report on Form 10-K to reflect this stock split.
As of February 12, 2004, there were approximately 95 stockholders of record of our common stock,
although there is a significantly larger number of beneficial owners of our common stock.
We have not declared or paid any cash dividends, and we have no present intention of paying any cash
dividends in the foreseeable future.
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