EX-12.1 3 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

Netflix, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

     For the year ended December 31,    For the nine
months ended
September 30,
2009
     2008    2007    2006    2005    2004   

Earnings

                  

Pre-tax income from continuing operations

    131,500    110,925    79,912    7,968    21,564    140,856

Plus:

                  

Fixed charges (excluding capitalized interest)

    7,033    4,706    4,312    2,991    2,496    5,653

Total Earnings

    138,533    115,631    84,224    10,959    24,060    146,509

Fixed Charges

                  

Interest expensed & capitalized

    2,686    1,953    1,290    1,044    253    2,004

Amortized capitalized expenses related to indebtedness

    —      —      —      —      —      14

An estimate of the interest component within rental expense

    4,515    3,494    3,078    2,584    2,326    3,590

Total Fixed Charges

    7,201    5,447    4,368    3,628    2,579    5,608

Ratio of Earnings to Fixed Charges

    19.24    21.23    19.28    3.02    9.33    26.13