Netflix, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, revenue was $1,823,333,000 against $1,484,728,000 a year ago. Operating income was $59,894,000 against $65,046,000 a year ago. Income before income taxes was $20,731,000 against $45,516,000 a year ago. Net income was $43,178,000 or $0.10 per diluted share against $83,371,000 or $0.19 per diluted share a year ago. Net cash used in operating activities was $244,745,000 against $38,461,000 a year ago. Purchases of property and equipment were $12,854,000 against $15,491,000 a year ago. Adjusted EBITDA was $111,242,000 compared to $109,609,000 a year ago. Non-GAAP negative free cash flow was $276,136,000 compared to $77,748,000 a year ago. The company finished the fourth quarter with debt of $2.4 billion, unchanged from the prior quarter, and with cash & equivalents and short-term investments of $2.3 billion.

For the year, revenue was $6,779,511,000 against $5,504,656,000 a year ago. Operating income was $305,826,000 against $402,648,000 a year ago. Income before income taxes was $141,885,000 against $349,369,000 a year ago. Net income was $122,641,000 or $0.28 per diluted share against $266,799,000 or $0.62 per diluted share a year ago. Net cash used in operating activities was $749,439,000 against net cash provided by operating activities of $16,483,000 a year ago. Purchases of property and equipment were $91,248,000 against $69,726,000 a year ago. Non-GAAP negative free cash flow was $920,557,000 compared to $126,699,000 a year ago.

For the first quarter of 2016, the company expects revenue of $1,813 million, operating income of $50 million, net income of $11 million, EPS of $0.03.