Netflix — Earning Quality

EARNING QUALITY

TICKER: [US.NFLX - Netflix]
PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]


[-] Accruals Ratio: 4.2% (NI > OCF (slight accruals risk))
[-] Cash Conversion: -70% (> 80% = strong, < 50% = weak)
[-] FCF Conversion: -144% (> 80% = excellent quality)


Metric                Value
---------------------------
Avg Accruals Ratio     4.2%
Avg Cash Conversion    -70%
Avg FCF Conversion    -144%
Cash Conv Stability  408.6%


Period       Net Income       OCF       FCF  Accruals  Cash Conv  FCF Conv
--------------------------------------------------------------------------
2010 ANNUAL     160.85M   276.40M   118.66M    -11.8%     171.8%     73.8%
2011 ANNUAL     226.13M   317.71M   182.88M     -3.0%     140.5%     80.9%
2012 ANNUAL      17.15M    21.59M   -66.97M     -0.1%     125.9%   -390.4%
2013 ANNUAL     112.40M    97.83M   -22.24M      0.3%      87.0%    -19.8%
2014 ANNUAL     266.80M    16.48M  -128.03M      3.6%       6.2%    -48.0%
2015 ANNUAL     122.64M  -749.44M  -918.64M      8.5%    -611.1%   -749.1%
2016 ANNUAL     186.68M    -1.47B    -1.66B     12.2%    -789.6%   -888.6%
2017 ANNUAL     558.93M    -1.79B    -1.96B     12.3%    -319.5%   -350.5%
2018 ANNUAL       1.21B    -2.68B    -2.85B     15.0%    -221.3%   -235.7%
2019 ANNUAL       1.87B    -2.89B    -3.14B     14.0%    -154.7%   -168.2%
2020 ANNUAL       2.76B     2.43B     1.93B      0.9%      87.9%     69.9%
2021 ANNUAL       5.12B   392.61M  -131.97M     10.6%       7.7%     -2.6%
2022 ANNUAL       4.49B     2.03B     1.62B      5.1%      45.1%     36.0%
2023 ANNUAL       5.41B     7.27B     6.93B     -3.8%     134.5%    128.1%
2024 ANNUAL       8.71B     7.36B     6.92B      2.5%      84.5%     79.5%
2025 ANNUAL      10.98B    10.15B     9.46B      1.5%      92.4%     86.2%