While the stock of NFLX is soaring in the after-hours session on what is perceived to be a big blow out of consensus, and yet another massive if brief short squeeze, we have had a chance to take a look at the actual excel support behind the data, completely free of contextual spin as per the investor letter. Here are some of our findings.
Netflix generated $33.9MM in "Free Cash Flow". Of this $25.6MM was from change in Net Working Capital; this compares to ($7.6MM) drain from NWC in
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