Here it is:
AMAZON.COM, INC.
Balance Sheets
(in thousands, except per share data)
(unaudited)
MARCH 31, DECEMBER 31,
2001 2000
ASSETS Current assets:
Cash and cash equivalents $ 446,944 $ 822,435
Marketable securities 196,029 278,087
Inventories 155,562 174,563
Prepaid expenses and
other current assets 57,175 86,044
Total current assets 855,710 1,361,129
Fixed assets, net 304,179 366,416
Goodwill, net 123,996 158,990
Other intangibles, net 80,424 96,335
Investments in equity-method
investees 22,539 52,073
Other equity investments 28,503 40,177
Other assets 54,804 60,049
Total assets $ 1,470,155 $ 2,135,169
=========== ===========
LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities:
Accounts payable $ 257,411 $ 485,383
Accrued expenses and other
current liabilities 217,613 272,683
Unearned revenue 93,661 131,117
Interest payable 16,720 69,196
Current portion of long-term
debt and other 19,305 16,577
Total current liabilities 604,710 974,956
Long-term debt and other 2,118,856 2,127,464
Commitments and contingencies
Stockholders' deficit: Preferred stock, $0.01 par value:
Authorized shares -- 500,000
Issued and outstanding shares -- none -- --
Common stock, $0.01 par value:
Authorized shares -- 5,000,000
Issued and outstanding shares
-- 358,847 and 357,140
shares at March 31, 2001 and
December 31, 2000, respectively 3,588 3,571
Additional paid-in capital 1,344,083 1,338,303
Deferred stock-based compensation (10,532) (13,448)
Accumulated other comprehensive loss (63,118) (2,376)
Accumulated deficit (2,527,432) (2,293,301)
Total stockholders' deficit (1,253,411) (967,251)
Total liabilities and
stockholders' deficit $ 1,470,155 $ 2,135,169
=========== ===========
Note: The attached "Financial and Operational Highlights" are an integral part of the press release financial statements.
AMAZON.COM, INC.
Statements of Cash Flows
(in thousands)
(unaudited)
THREE MONTHS ENDED
MARCH 31,
2001 2000
CASH AND CASH EQUIVALENTS, BEGINNING
OF PERIOD OPERATING ACTIVITIES: $ 822,435 $ 133,309
Net loss (234,131) (308,425)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of fixed assets 23,073 18,180
Stock-based compensation 2,916 13,652
Equity in losses of
equity-method investees, net 13,175 88,264
Amortization of goodwill
and other intangibles 50,831 82,955
Non-cash impairment-related
and other costs 62,004 2,019
Amortization of previously
unearned revenue (33,392) (18,485)
Loss (gain) on sale of
marketable securities 27 (2,600)
Non-cash gains and losses, net (33,857) --
Non-cash interest expense and other 6,572 5,881
Cumulative effect of change
Story 9010 PRESS RELEASE:Amazon Reports 1Q Results >AMZN -4 -
in accounting principle 10,523 --
Changes in operating assets and liabilities:
Inventories 19,823 48,389
Prepaid expenses and
other current assets 27,334 (3,067)
Accounts payable (229,758) (207,229)
Accrued expenses and
other current liabilities (57,762) (31,538)
Unearned revenue 18,005 614
Interest payable (52,367) (8,988)
Net cash used in
operating activities (406,984) (320,378)
INVESTING ACTIVITIES: Sales and maturities of
marketable securities 94,366 380,345
Purchases of marketable securities (30,378) (28,856)
Purchases of fixed assets (19,437) (26,601)
Investments in equity-method
investees and other investments -- (47,487)
Net cash provided by investing activities 44,551 277,401
FINANCING ACTIVITIES:
Proceeds from exercise of stock options 5,833 21,359
Proceeds from long-term debt and other 10,000 679,374
Repayment of long-term debt and other (4,575) (4,023)
Financing costs -- (15,895)
Net cash provided by
financing activities 11,258 680,815
Effect of exchange rate changes
on cash and cash equivalents (24,316) (16,014)
Net increase (decrease) in
cash and cash equivalents (375,491) 621,824
CASH AND CASH EQUIVALENTS,
END OF PERIOD $ 446,944 $ 755,133
========= =========
SUPPLEMENTAL CASH FLOW INFORMATION: Fixed assets acquired
under capital leases $ 2,298 $ 3,502
Fixed assets acquired under
financing agreements -- 4,551
Equity securities received
for commercial agreements 331 97,839
Cash paid for interest 86,224 35,835
Note: The attached "Financial and Operational Highlights" are an integral part of the press release financial statements.
AMAZON.COM, INC.
Supplemental Financial Information and Business Metrics
(in millions, except per share, inventory turnover,
cost per new customer, and net sales per active customer data)
(unaudited)
2000
Q 4 1999 Q 1 Q 2 Q 3 Q 4
Results of Operations
Net sales $ 676 $ 574 $ 578 $ 638 $ 972
Net sales -- trailing
twelve months (TTM) $ 1,640 $ 1,920 $ 2,184 $ 2,466 $ 2,762
Gross profit $ 88 $ 128 $ 136 $ 167 $ 224
Gross margin
-- % of net sales 13.0% 22.3% 23.5% 26.2% 23.1%
Fulfillment costs
-- % of net sales 15.8% 17.3% 15.2% 15.1% 13.5%
Pro forma
operating loss $ (175) $ (99) $ (89) $ (68) $ (60)
Pro forma operating loss
-- % of net sales (25.9%) (17.3%) (15.5%) (10.7%) (6.2%)
Pro forma net loss $ (185) $ (122) $ (116) $ (89) $ (90)
Pro forma net loss
per share $ (0.55) $ (0.35) $ (0.33) $ (0.25) $ (0.25)
GAAP net loss $ (323) $ (308) $ (317) $ (241) $ (545)
GAAP net loss
per share $ (0.96) $ (0.90) $ (0.91) $ (0.68) $ (1.53)
U.S. books, music and DVD/video pro forma operating income (loss)
-- % of U.S. books, music |
