Netflix, Inc. Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2012; Provides Consolidated Earnings Guidance for the First Quarter of 2013
For the year, the company reported revenues of $3,609,282,000 against $3,204,577,000 a year ago. Operating income was $49,992,000 against $376,068,000 a year ago. Income before income taxes was $30,480,000 against $359,522,000 a year ago. Net income was $17,152,000 against $226,126,000 a year ago. Diluted per share was $0.29 against $4.16 per share a year ago. Net cash provided from operating activities was $22,765,000 against $317,712,000 a year ago. Purchases of property and equipment were $41,457,000 against $49,682,000 a year ago.
The company provided consolidated earnings guidance for the first quarter of 2013. For the quarter, expected net income to be in the range of $0 million to $14 million. EPS to be in the range of $0.00 to $0.23.