NetFlix 2012 Annual Report Download - page 53

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders
Netflix, Inc.:
We have audited the accompanying consolidated balance sheet of Netflix, Inc. and subsidiaries (the
Company) as of December 31, 2011, and the related consolidated statements of operations, comprehensive
income, stockholders’ equity, and cash flows for each of the years in the two-year period ended December 31,
2011. These consolidated financial statements are the responsibility of the Company’s management. Our
responsibility is to express an opinion on these consolidated financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audits to obtain reasonable
assurance about whether the financial statements are free of material misstatement. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing
the accounting principles used and significant estimates made by management, and evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our opinions.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects,
the financial position of Netflix, Inc. and subsidiaries as of December 31, 2011, and the results of their operations
and their cash flows for each of the years in the two-year period ended December 31, 2011, in conformity with
U.S. generally accepted accounting principles.
/s/ KPMG LLP
Santa Clara, California
February 10, 2012
49