NetFlix 2015 Annual Report Download - page 73

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been provided. A membership is canceled and ceases to be reflected in the above metrics as of the effective
cancellation date. Voluntary cancellations become effective at the end of the prepaid membership period,
while involuntary cancellation of the service, as a result of a failed method of payment, becomes effective
immediately except in limited circumstances where a short grace period is offered to ensure the streaming
service is not interrupted for members who are impacted by payment processing delays by our banks or
integrated payment partners. The number of members in a grace period at any given point is not material.
13. Selected Quarterly Financial Data (Unaudited)
December 31 September 30 June 30 March 31
(in thousands, except for per share data)
2015
Total revenues .................................. $1,823,333 $1,738,355 $1,644,694 $1,573,129
Gross profit ..................................... 573,968 564,397 522,942 526,728
Net income ..................................... 43,178 29,432 26,335 23,696
Earnings per share:
Basic ...................................... $ 0.10 $ 0.07 $ 0.06 $ 0.06
Diluted .................................... 0.10 0.07 0.06 0.05
2014
Total revenues .................................. $1,484,728 $1,409,432 $1,340,407 $1,270,089
Gross profit ..................................... 470,396 455,038 425,559 400,903
Net income ..................................... 83,371 59,295 71,018 53,115
Earnings per share:
Basic ...................................... $ 0.20 $ 0.14 $ 0.17 $ 0.13
Diluted .................................... 0.19 0.14 0.16 0.12
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