NetFlix 2007 Annual Report Download - page 31

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On April 18, 2007, the Company announced a stock repurchase program allowing the Company to
repurchase up to $100.0 million of its common stock through the end of 2007. During the year ended
December 31, 2007, the Company repurchased 4,733,788 shares of common stock at an average price of $21.09
per share for an aggregate amount of $99.9 million, net of expenses.
On January 31, 2008, the Company’s Board of Directors authorized a stock repurchase program allowing
the Company to repurchase up to $100.0 million of its common stock through the end of 2008. Under this
program, the Company repurchased 3,847,062 shares of common stock at an average price of $25.96 per share
for an aggregate amount of $99.9 million, net of expenses. For further information regarding stock repurchase
activity, see Note 7 of Notes to consolidated financial statements.
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