Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.60

+1.5%

3:59 PM EST

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To: Victor Lazlo who wrote (144122)	7/23/2002 5:37:22 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Amazon's working capital I calculate at $163 million. However, with the following footnote working capital is $39 million. We have pledged approximately $124 million of our marketable securities as collateral for certain contractual obligations, compared with $167 million as of December 31, 2001. Amounts pledged for standby letters of credit that guarantee certain contractual obligations, primarily property leases, were $56 million; $28 million is pledged for a swap agreement that hedges the foreign-exchange rate risk on a portion of our 6.875% convertible subordinated notes; and $40 million is pledged for certain of our real estate lease agreements. The amount of marketable securities we are required to pledge pursuant to the swap agreement fluctuates with the fair market value of the swap obligation. I love this one: "Accumulated deficit (2,977,281)" That will exceed $3 billion after this quarter. Oh well they are doing fine LOL.

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