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NFLX » Topics » Interest and Other Income (Expense)

This excerpt taken from the NFLX 10-Q filed May 8, 2009.

Interest and Other Income (Expense)

 

     Three Months Ended     Change  
     March 31,
2009		     December 31,
2008		     March 31,
2008		     Q1’09 vs.
Q1’08		     Q1’09 vs.
Q4’08		  
     (in thousands, except percentages)  

Interest and other income (expense)

    $ 1,610     $ 852     $ 7,660     (79.0 )%   89.0 %

As a percentage of revenues

      0.5 %     0.3 %     2.3 %    

Three months ended March 31, 2009 as compared to the three months ended March 31, 2008

The decrease in interest and other income (expense) for the three months ended March 31, 2009 as compared with the same prior-year period was primarily attributable to gains realized from the sale of short-term investments and higher interest and dividends in the first quarter of 2008.

Three months ended March 31, 2009 as compared to the three months ended December 31, 2008

The increase in interest and other income (expense) during the three months ended March 31, 2009 as compared to the three months ended December 31, 2008 was primarily attributable to gains realized from the sale of short-term investments in the first quarter of 2009.

These excerpts taken from the NFLX 10-K filed Feb 25, 2009.

Interest and Other Income (Expense)

 

     Year Ended December 31,  
     2008     2007     2006  
     (in thousands, except percentages)  

Interest and other income, net

    $ 12,452     $ 20,340     $ 15,904  

As a percentage of revenues

      0.9 %     1.7 %     1.5 %

Percentage change over prior period

      (38.8 )%     27.9 %  

The decrease in interest and other income in 2008 as compared to 2007 was primarily a result of the lower cash balance resulting from the repurchase of our common stock. Interest and other income (expense) consist primarily of interest and dividend income generated from invested cash and short-term investments. Interest and dividend income was approximately $9 million, $20 million and $16 million in 2008, 2007 and 2006, respectively. Additionally, in 2008 interest and other income included approximately $3 million gain on the sale of short-term investments.

 

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Table of Contents

The increase in interest and other income in 2007 as compared to 2006 was primarily a result of our newly invested short-term investment portfolio which was higher yielding than our money market funds, and higher average cash balances.

Interest and Other Income (Expense)

 

     Year Ended December 31,  
     2008     2007     2006  
     (in thousands, except percentages)  

Interest and other income, net

    $ 12,452     $ 20,340     $ 15,904  

As a percentage of revenues

      0.9 %     1.7 %     1.5 %

Percentage change over prior period

      (38.8 )%     27.9 %  

The decrease in interest and other income in 2008 as compared to 2007 was primarily a result of the lower cash balance resulting from the repurchase of our common stock. Interest and other income (expense) consist primarily of interest and dividend income generated from invested cash and short-term investments. Interest and dividend income was approximately $9 million, $20 million and $16 million in 2008, 2007 and 2006, respectively. Additionally, in 2008 interest and other income included approximately $3 million gain on the sale of short-term investments.

 

35

Table of Contents

The increase in interest and other income in 2007 as compared to 2006 was primarily a result of our newly invested short-term investment portfolio which was higher yielding than our money market funds, and higher average cash balances.

Interest and Other Income (Expense)

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   Year Ended December 31, 
   2008  2007  2006 
   (in thousands, except percentages) 

Interest and other income, net

  $12,452  $20,340  $15,904 

As a percentage of revenues

   0.9%  1.7%  1.5%

Percentage change over prior period

   (38.8)%  27.9% 

The decrease in interest and other income in 2008 as compared to 2007 was primarily a result of
the lower cash balance resulting from the repurchase of our common stock. Interest and other income (expense) consist primarily of interest and dividend income generated from invested cash and short-term investments. Interest and dividend income was
approximately $9 million, $20 million and $16 million in 2008, 2007 and 2006, respectively. Additionally, in 2008 interest and other income included approximately $3 million gain on the sale of short-term investments.

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35






Table of Contents


The increase in interest and other income in 2007 as compared to 2006 was primarily a result of our newly
invested short-term investment portfolio which was higher yielding than our money market funds, and higher average cash balances.

Interest and Other Income (Expense)

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   Year Ended December 31, 
   2008  2007  2006 
   (in thousands, except percentages) 

Interest and other income, net

  $12,452  $20,340  $15,904 

As a percentage of revenues

   0.9%  1.7%  1.5%

Percentage change over prior period

   (38.8)%  27.9% 

The decrease in interest and other income in 2008 as compared to 2007 was primarily a result of
the lower cash balance resulting from the repurchase of our common stock. Interest and other income (expense) consist primarily of interest and dividend income generated from invested cash and short-term investments. Interest and dividend income was
approximately $9 million, $20 million and $16 million in 2008, 2007 and 2006, respectively. Additionally, in 2008 interest and other income included approximately $3 million gain on the sale of short-term investments.

STYLE="margin-top:0px;margin-bottom:0px"> 


35






Table of Contents


The increase in interest and other income in 2007 as compared to 2006 was primarily a result of our newly
invested short-term investment portfolio which was higher yielding than our money market funds, and higher average cash balances.

Interest and Other Income (Expense)

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   Year Ended December 31, 
   2008  2007  2006 
   (in thousands, except percentages) 

Interest and other income, net

  $12,452  $20,340  $15,904 

As a percentage of revenues

   0.9%  1.7%  1.5%

Percentage change over prior period

   (38.8)%  27.9% 

The decrease in interest and other income in 2008 as compared to 2007 was primarily a result of
the lower cash balance resulting from the repurchase of our common stock. Interest and other income (expense) consist primarily of interest and dividend income generated from invested cash and short-term investments. Interest and dividend income was
approximately $9 million, $20 million and $16 million in 2008, 2007 and 2006, respectively. Additionally, in 2008 interest and other income included approximately $3 million gain on the sale of short-term investments.

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35






Table of Contents


The increase in interest and other income in 2007 as compared to 2006 was primarily a result of our newly
invested short-term investment portfolio which was higher yielding than our money market funds, and higher average cash balances.

This excerpt taken from the NFLX 10-Q filed Nov 3, 2008.

Interest and Other Income (Expense)

 

     Three Months Ended     Change     Nine Months Ended     Change  
     September 30,
2008		     June 30,
2008		     September 30,
2007		     Q3’08 vs.
Q3’07		     Q3’08 vs
Q2’08		     September 30,
2008		     September 30,
2007		     Q3’08 vs.
Q3’07		  
     (in thousands, except percentages)  

Interest and other income (expense)

    $ 1,536     $ 2,404     $ 5,089     (69.8 %)   (36.1 %)   $ 11,600     $ 15,411     (24.7 %)

As a percentage of revenues

      0.4 %     0.7 %     1.7 %         1.2 %     1.7 %  

Three and nine months ended September 30, 2008 as compared to the three and nine months ended September 30, 2007

The decrease in interest and other income (expense) for the three and nine months ended September 30, 2008 as compared with the same prior-year periods was primarily attributable to a lower cash balance resulting from the repurchase of our common stock.

Three months ended September 30, 2008 as compared to the three months ended June 30, 2008

The decrease in interest and other income (expense) during the three months ended September 30, 2008 as compared to the three months ended June 30, 2008 was primarily attributable to a lower cash balance resulting from the repurchase of our common stock coupled with a lower yield during the third quarter of 2008.

For the remainder of 2008, we anticipate that interest and other income (expense) will consist primarily of interest income.

This excerpt taken from the NFLX 10-Q filed Aug 11, 2008.

Interest and Other Income (Expense)

 

     Three Months Ended     Change     Six Months Ended     Change  
     June 30,
2008		     March 31,
2008		     June 30,
2007		     Q2’08 vs.
Q2’07		     Q2’08 vs
Q1’08		     June 30,
2008		     June 30,
2007		     Q2’08 vs.
Q2’07		  
     (in thousands, except percentages)        

Interest and other income

    $ 2,404     $ 7,660     $ 4,972     (51.6 )%   (68.6 %)   $ 10,064     $ 10,322     (2.5 %)

As a percentage of revenues

      0.7 %     2.3 %     1.6 %         1.5 %     1.7 %  

Three and six months ended June 30, 2008 as compared to the three and six months ended June 30, 2007

The decrease in interest and other income (expense) for the three and six months ended June 30, 2008 as compared with the same prior-year periods was primarily attributable to a lower cash balance resulting from the repurchase of $99.9 million of our common stock in the first quarter of 2008.

Three months ended June 30, 2008 as compared to the three months ended March 31, 2008

The decrease in interest and other income (expense) during the three months ended June 30, 2008 as compared to the three months ended March 31, 2008 was primarily attributable to higher gains realized from the sale of short-term investments during the three months ended March 31, 2008 coupled with a lower yield during the second quarter of 2008.

For the remainder of 2008, we anticipate that interest and other income (expense) will consist primarily of interest income without the benefit of additional one-time gains.

This excerpt taken from the NFLX 10-Q filed May 6, 2008.

Interest and Other Income (Expense)

 

    Three Months Ended     Change  
    March 31,
2008		     December 31,
2007		     March 31,
2007		     Q1’08 vs.
Q1'07		     Q1’08 vs
Q4'07		  
    (in thousands, except percentages)  

Interest and other income (expense)

   $ 7,660     $ 4,929     $ 5,350     43.2 %   55.4 %

As a percentage of revenues

     2.3 %     1.6 %     1.8 %    

Three months ended March 31, 2008 as compared to the three months ended March 31, 2007

The increase in interest and other income (expense) for the three months ended March 31, 2008 as compared with the same prior-year period was primarily attributable to gains realized from the sale of short-term investments.

Three months ended March 31, 2008 as compared to the three months ended December 31, 2007

The increase in interest and other income (expense) during the three months ended March 31, 2008 as compared to the three months ended December 31, 2007 was primarily attributable to gains realized from the sale of short-term investments.

For the remainder of 2008, we anticipate that interest and other income (expense) will consist primarily of interest income without the benefit of additional one-time gains.

 

23

Table of Contents
These excerpts taken from the NFLX 10-K filed Feb 28, 2008.

Interest and Other Income (Expense)

 

     Year Ended December 31,  
     2007     2006     2005  
     (in thousands, except percentages)  

Interest and other income (expense)

    $ 20,340     $ 15,904     $ 5,346  

As a percentage of revenues

      1.7 %     1.6 %     0.8 %

Percentage change over prior period

      27.9 %     197.5 %  

The increase in interest and other income in 2007 as compared to 2006 was primarily a result of our newly invested short-term investment portfolio which was higher yielding than our money market funds. Interest and other income (expense) consist primarily of interest and dividend income generated from invested cash and short-term investments. Interest and dividend income was approximately $19.7 million, $15.9 million and $5.8 million in 2007, 2006 and 2005, respectively.

The increase in interest and other income in 2006 as compared to 2005 was primarily due to higher interest income earned on our cash and cash equivalents due to increased interest rates as well as higher average cash balances resulting from a net increase in cash flows and net proceeds of $101.1 million from the secondary public offering of our common stock in May 2006.

Interest and Other Income (Expense)

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   Year Ended December 31, 
   2007  2006  2005 
   (in thousands, except percentages) 

Interest and other income (expense)

  $20,340  $15,904  $5,346 

As a percentage of revenues

   1.7%  1.6%  0.8%

Percentage change over prior period

   27.9%  197.5% 

The increase in interest and other income in 2007 as compared to 2006 was primarily a result of
our newly invested short-term investment portfolio which was higher yielding than our money market funds. Interest and other income (expense) consist primarily of interest and dividend income generated from invested cash and short-term investments.
Interest and dividend income was approximately $19.7 million, $15.9 million and $5.8 million in 2007, 2006 and 2005, respectively.

The
increase in interest and other income in 2006 as compared to 2005 was primarily due to higher interest income earned on our cash and cash equivalents due to increased interest rates as well as higher average cash balances resulting from a net
increase in cash flows and net proceeds of $101.1 million from the secondary public offering of our common stock in May 2006.

EXCERPTS ON THIS PAGE:

10-Q
May 8, 2009
10-K (5 sections)
Feb 25, 2009
10-Q
Nov 3, 2008
10-Q
Aug 11, 2008
10-Q
May 6, 2008
10-K (2 sections)
Feb 28, 2008

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