What was Netflix's pro forma ESO obligation on December 31, 2020? Your answer should be in...
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What was Netflix's pro forma ESO obligation on December 31, 2020? Your answer should be in millions of dollars. Question 12 5.55 pts Based on your answers to questions eight through 11, what was the pro forma revaluation gain or loss that Netflix would have recognized on its ESO obligation in the fiscal year that ended on December 31, 2020. Your answer should be in millions of dollars; and, if your answer is that Netflix would have recognized a gain (loss), you should enter your answer as a positive (negative) amount. When answering questions eight through 12, please show your supporting calculations in the worksheet named Netflix ESOs. Please make the following assumptions: The weighted average fair value of an option outstanding on December 31, 2019 was $222.46. All the options that were exercised during the fiscal year that ended on December 31, 2020 were about to expire. That is, employees waited until the very last moment, and then they exercised their options. The weighted average fair value of an option granted by Netflix to an employee during 2020 was $217.42. The weighted average fair value of an option outstanding on December 31, 2020 was $393.45. Balances as of December 31, 2017 Granted Exercised Balances as of December 31, 2018 Granted Exercised Balances as of December 31, 2019 Granted Exercised Balances as of December 31, 2020 Options Outstanding Number 21,647,350 2,039,974 -3,208,046 20,479,278 2,588,380 -2,208,332 20,859,326 1,909,476 -4,091,992 18,676,810 Weighted-Average Exercise Price (USD) 61.13 311.66 38.63 89.61 320.66 32.88 124.28 432.34 58.30 170.23 What was Netflix's pro forma ESO obligation on December 31, 2020? Your answer should be in millions of dollars. Question 12 5.55 pts Based on your answers to questions eight through 11, what was the pro forma revaluation gain or loss that Netflix would have recognized on its ESO obligation in the fiscal year that ended on December 31, 2020. Your answer should be in millions of dollars; and, if your answer is that Netflix would have recognized a gain (loss), you should enter your answer as a positive (negative) amount. When answering questions eight through 12, please show your supporting calculations in the worksheet named Netflix ESOs. Please make the following assumptions: The weighted average fair value of an option outstanding on December 31, 2019 was $222.46. All the options that were exercised during the fiscal year that ended on December 31, 2020 were about to expire. That is, employees waited until the very last moment, and then they exercised their options. The weighted average fair value of an option granted by Netflix to an employee during 2020 was $217.42. The weighted average fair value of an option outstanding on December 31, 2020 was $393.45. Balances as of December 31, 2017 Granted Exercised Balances as of December 31, 2018 Granted Exercised Balances as of December 31, 2019 Granted Exercised Balances as of December 31, 2020 Options Outstanding Number 21,647,350 2,039,974 -3,208,046 20,479,278 2,588,380 -2,208,332 20,859,326 1,909,476 -4,091,992 18,676,810 Weighted-Average Exercise Price (USD) 61.13 311.66 38.63 89.61 320.66 32.88 124.28 432.34 58.30 170.23
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Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
Posted Date:
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