Thu, Jul 31, 2014, 2:54 AM EDT - U.S. Markets open in 6 hrs 36 mins


% | $
Click the to save as a favorite.

Netflix, Inc. (NFLX) Message Board

  • mondomario18 mondomario18 Apr 28, 2013 7:58 AM Flag

    It seems that the tax credits should be eliminated in adjusted earnings

    Both the temporary R&D credit and the NOL carry forwards contribute to a misrepresentation the ongoing earning potential by overstating current period earnings. If the refinancing costs are eliminated then the tax benefits should be eliminated as well. IMO

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 4 cents non-recurring? That doesn't count, only non-recurring expenses can be ignored. So, they made 27 cents, not 31 cents? Wait until they write-off the tax assets for international - looks like $80 million or more. they HAVE to take that in Year 3 which is this year for Latin America. so, another $1 per share taht will be toast that the analysts didn't "model".

      Sentiment: Strong Sell

      • 1 Reply to bagofswags
      • They recognized $3.1 million in retroactive R&D credits in Q1 2013. $3.1 million on 60 million shares is just 0ver $0.06/sh.

        ... and based on the income statement it looks as if there was another $1.8 million benefit for income taxes that they recognized ... which is another $0.03/sh.

        So the R&D credit and the income tax credit that they took amounted to a total of a little over $0.09/sh. Doing both positive and negative one time adjustments would then give $0.22/sh.

        Honestly I believe that all of this is really dwarfed by small changes that they can make in their content amortization schedule and for NFLX cash may be a better indicator of the health of the company.

434.36+10.08(+2.38%)Jul 30 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.