I was asked for my opinion as to when Amazon
may need more cash. Based on analyst's
projections
of losses and cash burn for the
first six months of 1999, Q2 of 2000
will be the end of the present cash on hand.
AMAZON.COM, INC.
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT PER SHARE DATA)
JUNE 30, DECEMBER 31,
1999 1998
------------ ------------
(Unaudited)
ASSETS
Current assets:
Cash $ 42,539 $ 25,561
Marketable securities 1,101,698 347,884
Inventories 59,387 29,501
Prepaid expenses and other 53,334 21,308
----------------------------------
Total current assets 1,256,958 424,254
Fixed assets, net 156,333 29,791
Other investments 106,020 7,740
Intangibles and other, net 741,865 179,263
Deferred charges 37,038 7,412
----------------------------------
Total assets $ 2,298,214 $ 648,460
==================================
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 165,983 $ 113,273
Accrued advertising 22,364 13,071
Interest payable 23,960 10
Other liabilities and accrued expenses 55,764 34,413
Current portion of long-term debt and other 9,873 808
----------------------------------
Total current liabilities 277,944 161,575
Long-term debt and other 1,449,224 348,140
Stockholders' equity:
Preferred stock, $0.01 par value:
Authorized shares -- 150,000
Issued and outstanding shares -- none - -
Common stock, $0.01 par value:
Authorized shares -- 1,500,000
Issued and outstanding shares -- 168,153 and 159,267
shares at June 30, 1999 and December 31, 1998, respectively 1,682 1,593
Additional paid-in capital 979,424 300,130
Note receivable from officer for common stock (1,171) (1,099)
Stock-based compensation (37,743) (1,625)
Accumulated other comprehensive income (9,411) 1,806
Accumulated deficit (361,735) (162,060)
----------------------------------
Total stockholders' equity 571,046 138,745
----------------------------------
Total liabilities and stockholders' equity $ 2,298,214 $ 648,460
==================================
NOTE 1: On January 4, 1999, the Company effected a three-for-one stock split in
the form of a stock dividend to stockholders of record on December 18, 1998.
Accordingly, the accompanying consolidated balance sheets and statements of
operations have been restated to reflect the split. |
