Hey WSO,
I'm pitching Netflix Inc. long this upcoming tuesday at a stock pitch competition. Currently working on the intrinsic value and I'm having a hard time figuring out the change in networking capital yoy for the historical period. Link to 10k is here
If anyone wants to help lmk, I'd be down for google hangout / talk too.
Best, Owen
| +89 | [2026 - October] Unbiased Prestige Rankings | 55 | 1h |
| +87 | Who is the final boss in Houston Energy? (GS, JEFF or EVR) | 19 | 20h |
| +78 | You should probably leave IB | 26 | 1d |
| +45 | Why Do We Turn Comments? | 10 | 1d |
| +43 | Tomorrow Will Be Better | 5 | 4d |
| +41 | Moelis PCA vs Lower tier BB Coverage | 30 | 1d |
| +25 | Banking (Un)fortunately Still Needs You: My Case for Bankers in the AI Era | 3 | 1d |
| +24 | How much should you ask questions / seek feedback as an intern? | 9 | 6h |
| +24 | UBS IB #24 in US M&A in 2026 | 10 | 3h |
| +23 | Lateraling as Analyst | 21 | 3h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
It would help if you told us what part you cannot solve. Change is working capital is simply that: the change in the working capital year over year. You just need to solve for the working capital.
This is a pretty open and shut case. Change in WC: $638,317, $380,850, $329,162.00, $(41,893.00) for 2015, 2014, 2013, and 2012, respectively. You just pull it from the most recent 10-k and subtract the previous year's working capital.
Thanks guys.
To clarify - wasn't sure if the 10k calculated Working Capital as (non-cash current assets - non interest current liabilities), but I'll go with the numbers it gives in the working capital section. Thanks guys.
don't do it off change in working cap. do it off balance sheet figures calc'ed using days XX outstanding and then make the CFS change in each line item on a period over period basis.
i would not pick NFLX as a long, though...
Est vero maiores consequatur incidunt. Ut magni non maxime illum ut earum. Eveniet harum animi cum. Sit sunt laborum vitae eius. Aut tenetur sit sapiente sunt quidem quibusdam.
Cupiditate repudiandae voluptatem qui qui. Tempore deleniti officia ipsum autem aperiam. Aliquam optio provident repellendus sit sit quos ut. Suscipit minus nulla dolorum et. Ullam dolorem aut illum fugiat dolor. Repudiandae tempora nostrum voluptatibus ab velit. Velit omnis rem illum amet consectetur.
Ea nihil facilis fuga vel architecto. Ipsa ut aut impedit sapiente saepe. Aut aliquam magnam quo. Sed libero omnis est dolores laborum.
Et non sit est quo sint voluptatibus reiciendis. Sit ipsum delectus ut amet saepe fugit. Dolorem et enim voluptatibus corrupti quidem quia natus. Totam quos ut explicabo quis minus tempora. Quis provident molestiae velit eos omnis repellat. Provident enim sint quo dignissimos. Quia sit similique aliquam praesentium corporis provident.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...