NetFlix 2014 Annual Report Download - page 45

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Table of Contents
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders of Netflix, Inc.
We have audited the accompanying consolidated balance sheets of Netflix, Inc. as of December 31, 2014 and 2013, and the related
consolidated statements of operations, comprehensive income, stockholders’ equity and cash flows for each of the three years in the period
ended December 31, 2014. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an
opinion on these 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 audit to obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Netflix,
Inc. at December 31, 2014 and 2013, and the consolidated results of its operations and its cash flows for each of the three years in the period
ended December 31, 2014, in conformity with U.S. generally accepted accounting principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Netflix, Inc.’s
internal control over financial reporting as of December 31, 2014, based on criteria established in Internal Control - Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 Framework) and our report dated January 29, 2015
expressed an unqualified opinion thereon.
/s/ Ernst & Young LLP
San Jose, California
January 29, 2015
40