While all is good on the subscriber and revenue ends, declining cash
reserves is one of the several concerns put out by investors and
industry experts. The company burnt $276 million last quarter, with a
total of $1 billion over the past year. Its costly investments in
international expansion, and original programming, have weighed on its
liquidity, extending the need to acquire external debt.
http://www.bidnessetc.com/67405-netflix-nflx-q1-earnings-really-matters/
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