Once accounts payable not long
term debt is paid which would be by now,
Amazon has a total cash amount of about $100 million
less what they lost during the month of January.
They better raise cash fast.
Also, book value excluding goodwill
which Amazon excludes in their performa
results is a negative $268 million.
AMAZON.COM, INC.
Consolidated Balance Sheets
(in thousands, except per share data)
(unaudited)
DECEMBER 31, DECEMBER 31,
1999 1998
ASSETS
Current assets:
Cash $116,962 $25,561
Marketable securities 589,226 347,884
Inventories, net 220,646 29,501
Prepaid expenses and
other current assets 85,344 21,308
---------- ----------
Total current assets 1,012,178 424,254
Fixed assets, net 317,613 29,791
Goodwill, net 534,699 174,052
Other purchased intangibles, net 195,445 4,586
Investments in equity
method investees 226,727 7,740
Other investments 144,735 --
Deferred charges and other 40,154 8,037
---------- ----------
Total assets $2,471,551 $648,460
========== ==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $463,026 $113,273
Accrued expenses and other
current liabilities 126,017 34,413
Accrued advertising 55,892 13,071
Deferred revenue 54,790 --
Interest payable 24,888 10
Current portion of long-term
debt and other 14,322 808
---------- ----------
Total current liabilities 738,935 161,575
Long-term debt and other 1,466,338 348,140
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 --
345,155 and 318,534 shares at
December 31, 1999 and December 31,
1998, respectively 3,452 3,186
Additional paid-in capital 1,195,540 298,537
Note receivable for common stock (1,171) (1,099)
Stock-based compensation (47,806) (1,625)
Accumulated other comprehensive
income (loss) (1,709) 1,806
Accumulated deficit (882,028) (162,060)
---------- ----------
Total stockholders' equity 266,278 138,745
---------- ----------
Total liabilities and
stockholders' equity $2,471,551 $648,460
========== ==========
Note 1: The Company effected a three-for-one stock split and
two-for-one stock split on January 4, 1999 and September 1, 1999,
respectively. Each stock split was in the form of a stock dividend to
stockholders of record on December 18, 1998 and August 12, 1999,
respectively. Accordingly, the accompanying consolidated balance
sheets and statements of operations have been restated to reflect the
splits.
CONTACT: Amazon.com, Inc. (Investor Relations)
Amanda Lawrence, 206/266-2171
ir@amazon.com
OR
Amazon.com, Inc. (Public Relations)
Bill Curry, 206/266-7180
16:29 EST FEBRUARY 2, 2000 |
