netflix inc (NFLX) Key Developments
Netflix, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter 2015
Apr 15 15
Netflix, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenues were $1,573,129,000 against $1,270,089,000 last year. Operating income was $97,456,000 against $97,595,000 last year. Income before income taxes was $38,426,000 against $88,944,000 last year. Net income was $23,696,000 or $0.38 per diluted share against $53,115,000 or $0.86 per diluted share last year. Non-GAAP net income was $44,759,000 or $0.72 per diluted share. Net cash used in operating activities was $127,382,000 against net cash provided by operating activities of $36,359,000 last year. Purchases of property and equipment were $13,036,000 against $13,334,000 last year.
For the second quarter 2015, the company expects operating income of $59 million and net income of $16 million or $0.26 per share.
Netflix, Inc. Proposes Amendments to its Certificate of Incorporation
Apr 13 15
Netflix, Inc. announced that it will propose to amend its Certificate of Incorporation to increase the number of issued shares to 5 billion, par value $0.001 per share from 170 million, par value $0.001, at its shareholders' meeting to be held on June 9, 2015.
Netflix, Inc. to Close Hillsboro Call Center, Lay Off Remaining 68 Workers
Apr 3 15
Netflix, Inc. announced that it has notified the remaining employees of its Hillsboro call center that the facility will close on May 31. The company sent a notice to the state Department of Community Colleges and Workforce Development indicating the closure would result in 68 layoffs.
Netflix, Inc. Names Anne Sweeney to the Board
Mar 30 15
Netflix, Inc. added Anne Sweeney recently Co-chair Disney Media Networks and President Disney-ABC Television at the Walt Disney Co., and Brad Smith, Executive Vice President and General Counsel, Legal and Corporate Affairs at Microsoft Corp., to its board. Ms. Sweeney's entertainment experience spans more than three decades including senior roles at the Walt Disney Co., 21st Century Fox and Viacom. Until she stepped down in January, she oversaw Disney's cable, broadcast and satellite properties around the world since 2004. Previously, she helped establish and served as Chairman and CEO of the FX Networks, part of the Fox Entertainment Group of 21st Century Fox. Earlier in her career, she spent more than 12 years at Viacom's Nickelodeon network.
Netflix, Inc. to Report Q1, 2015 Results on Apr 15, 2015
Mar 25 15
Netflix, Inc. announced that they will report Q1, 2015 results at 1:05 PM, Pacific Standard Time on Apr 15, 2015