NetFlix 2014 Annual Report Download - page 46

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Table of Contents
NETFLIX, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
See accompanying notes to consolidated financial statements.
41
Year ended December 31,
2014
2013
2012
Revenues
$
5,504,656
$
4,374,562
3,609,282
Cost of revenues
3,752,760
3,117,203
2,652,058
Marketing
607,186
469,942
439,208
Technology and development
472,321
378,769
329,008
General and administrative
269,741
180,301
139,016
Operating income
402,648
228,347
49,992
Other income (expense):
Interest expense
(50,219
)
(29,142
)
(19,986
)
Interest and other income (expense)
(3,060
)
(3,002
)
474
Loss on extinguishment of debt
—
(
25,129
)
—
Income before income taxes
349,369
171,074
30,480
Provision for income taxes
82,570
58,671
13,328
Net income
$
266,799
$
112,403
17,152
Earnings per share:
Basic
$
4.44
$
1.93
0.31
Diluted
$
4.32
$
1.85
0.29
Weighted-average common shares outstanding:
Basic
60,078
58,198
55,521
Diluted
61,699
60,761
58,904