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As of March 31, 2016, $NFLX had aggregate outstanding long-term debt of $2.4Bil, net of $27.8MM of issuance costs, with varying maturities. Effective tax rate for 1Q16 was 31% versus 38% in 1Q15. The decrease in 1Q16 tax rate was mainly due to the permanent reinstatement of the Federal R&D credit in 4Q15.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.