From the following consolidated statements of earnings for Netflix, Inc., prepare a vertic analysis in the form of a common-size income statement (percentages only) for 2013.
NETFLIX, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands)
Twelve Months Ended December 31,2013 | |
Revenues | $4,374,562 |
Cost of revenues | 3,083,256 |
Marketing | 503,889 |
Technology and development | 378,769 |
General and administrative | 180,301 |
Operating income | 228,347 |
Other income (expense) | |
Interest expense | (29,142) |
Interest and other | (3,002) |
Loss on extinguishment of debt | (25,129) |
Income before income taxes | 171,074 |
Provision for income taxes | 58,671 |
Net income | $ 112,403 |
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