Amazon.com Surpasses 20 Million Cumulative Customer Accounts and Announces Financial Results for First Quarter 2000.Business Writers SEATTLE--(BUSINESS WIRE)--April 26, 2000 3.1 Million New Customers Added; Cumulative Customer Total Now Over 20 Million; First Quarter Revenues Up 95% Year-Over-Year; Now More Than 12 Stores Amazon.com, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMZN AMZN Amazon.com (NASDAQ symbol) ) today announced that net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the first quarter of 2000 were $574 million, an increase of 95 percent over net sales of $294 million for the first quarter of 1999. Pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. in the first quarter of 2000 was $99 million, compared to a pro forma operating loss of $31 million in the first quarter of 1999. First-quarter pro forma net loss in 2000 was $122 million, or $0.35 per share, compared with a pro forma net loss of $36 million, or $0.12 per share, in the first quarter of 1999. Amazon.com announced that cumulative customer accounts increased by 3.1 million during the first quarter to 20 million as of March 31, 2000. Repeat-customer orders represented 76 percent of orders in the first quarter of 2000, up from 66 percent in the first quarter of 1999. Customer accounts exclude users of the Amazon Commerce Network (an expanding set of product and service offerings powered by partners) but include users of Amazon marketplace Amazon Marketplace ( i.e:Third-party Marketplace ) is Amazon.com's fixed-price online marketplace that allows sellers to survey their goods alongside Amazon's offerings. Buyers can buy new and used items sold directly by a third party through Amazon. services. "Our platform has allowed us to expand the products and services we offer customers and demonstrate operating leverage Operating Leverage A measurement of the degree to which a firm or project relies on fixed rather than variable costs. Notes: The higher the degree of operating leverage, the greater the potential danger from forecasting risk. in our results at the same time," said Jeff Bezos Jeffrey Preston Bezos (born January 12, 1964 , Albuquerque ) is the founder, president, chief executive officer, and chairman of the board of Amazon.com. Bezos, a Phi Beta Kappa graduate of Princeton University, worked as a financial analyst for D. E. Shaw & Co. , Amazon.com founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We expect that the rest of the year will yield a similar balance of global growth and expansion while driving toward profitability in every business." "Our vision remains being the best place for customers to find and discover anything they want to buy online," said Joe Galli, Amazon.com president and COO (Cell Of Origin) See mobile positioning. . "We made terrific progress in the first quarter against our key goals for 2000: customer growth, product and service expansion, operational excellence, global focus, extending the Amazon Commerce Network, and driving toward profitability." "We are pleased to report substantial growth and gross profit and operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: improvement this quarter," said Warren Jenson, Amazon.com CFO See Chief Financial Officer. . "Looking ahead, we expect our U.S. Books, Music and DVD/Video segment to be profitable on a pro forma operating basis for the full year 2000. In addition, we believe that over the next three quarters combined, Amazon.com will be operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. positive -- enough, we expect, to more than cover our planned capital expenditures. With the leading platform in online commerce, a global brand and scale, and $1 billion in cash, we are well positioned to deliver on our 2000 plans." For the quarter, trailing 12-month sales per customer who purchased during the past 12 months was $121, up from $107 for the first quarter of 1999. The company also reported that its overall fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. expenses were $99 million or 17 percent of sales this quarter. A live Webcast of the company's first quarter 2000 financial results conference call can be heard today at 2:00 p.m. PST PST Paroxysmal supraventricular tachycardia, see there / 5:00 p.m. EST P.M. also p.m. or p.m. abbr. post meridiem Usage Note: By definition, 12 a.m. at www.amazon.com/ir. The call will also be archived and available until May 31, 2000. Growth in Earth's Biggest Selection Within its Tools & Hardware store, Amazon.com launched www.toolcrib.amazon.com, a new professional tools and equipment store targeted at its professional-contractor business customers (also located on the home page of the Tools & Hardware tab). The new store includes full line listings from well-known tool manufacturers such as DeWalt, Delta, Makita, Porter Cable, Bosch, and Hitachi. Professionals can browse (1) To view the contents of a file or a group of files. Browser programs generally let you view data by scrolling through the documents or databases. In a database program, the browse mode often lets you edit the data. See Web browser. products in over 20 categories and get useful product information from sources such as Tools of the Trade magazine and Amazon.com customer reviews. Amazon.com has also added a new Lawn & Patio patio In Spanish and Latin American architecture, a courtyard open to the sky within a building. A Spanish development of the Roman atrium, it is comparable to the Italian cortile but provides more seclusion, possibly due to Moorish custom. The patio of the contemporary U.S. store, with thousands of popular and hard-to-find products for lawn and patio decoration, care and enjoyment. The store (www.amazon.com/lawnandpatio) features an extensive selection of outdoor grills, patio furniture pa´ti`o fur´ni`ture 1. Furniture such as chairs, tables, settees or loungers, suited for use on a patio , i.e. such that will not be damaged by exposure to rain, sun or other outdoor elements. , birdfeeders, lawn mowers, garden tools and decorative ornaments Ornaments are a frequent embellishment to music. Sometimes different symbols represent the same ornament, or vice versa. Different ornament names can refer to an ornament from a specific area or time period. (and even pink flamingos) from more than 50 leading brands, including Weber, Fiskars, Rubbermaid, Rain Bird, Melnor/Gardena, Gilmour, Ryobi, Echo, Weed Eater
The Weed Eater company was founded in 1972 by George Ballas in Houston, Texas. , Corona Corona, city, United States Corona (kərō`nə), city (1990 pop. 76,095), Riverside co., S Calif.; inc. 1896. The city developed as a primary citrus fruit producer and shipping center. There is also light manufacturing. and Miracle-Gro. Amazon.com launched a Health & Beauty store, providing a direct gateway to drugstore.com's health, beauty and wellness products and information from the Amazon.com site at www.amazon.com/healthandbeauty. Now when shoppers go to the Amazon.com home page, they can click the Health & Beauty tab and enter the drugstore.com online storefront A store on the Internet that offers items for sale and is capable of handling the financial transaction online. See cybermall and digital money. . This one-stop shopping means convenient access to drugstore.com's more than 20,000 health and beauty products, useful content and buying guides and full-service pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. . Amazon.com shoppers can navigate (1) "Surfing the Web." To move from page to page on the Web. (2) To move through the menu structure in a software application. throughout the drugstore.com site with an ever-present "Return to Amazon.com" link to send them rapidly and easily back to the Amazon.com home page. drugstore.com is the first Amazon Commerce Network partner to be featured as an integrated part of Amazon.com's navigational structure. In its pursuit of being the best place to find and discover anything customers want to buy online, Amazon.com works not only to open new stores but also to extend the products in our existing stores. For example, Stephen King's Riding the Bullet, his first-ever story published exclusively as an e-book, was made available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. by Amazon.com customers. Amazon.com's Electronics store was selected by Ceiva to be the exclusive retailer -- online or off -- of its revolutionary Internet appliance Also called "information appliance," "smart appliance," and "Web appliance," it is a device specialized for accessing the Web and/or e-mail. Designed for ease of use, it plugs into a telephone jack or LAN connection for Internet hookup. product. Ceiva is the first-ever Internet-connected digital picture frame An Internet appliance that displays a picture on an LCD screen and uses an always-on cable modem or DSL connection. It lets you upload images over the Internet directly into the digital frames of family members and friends. , which enables people to receive photos to a picture frame directly over a phone line. Global Growth In Europe, Amazon.co.uk and Amazon.de both added a DVD/Video store. The new U.K. DVD/Video store (www.amazon.co.uk/video), for example, provides the most comprehensive selection of DVDs and videos in the U.K. The store offers more than 22,000 VHS (Video Home System) A half-inch, analog videocassette recorder (VCR) format introduced by JVC in 1976 to compete with Sony's Betamax, introduced a year earlier. titles (almost every video available in the U.K.), plus all of the DVDs currently available in the U.K. Amazon.com announced the opening of a customer service center in The Hague, to offer multi-lingual support from a pan-European call center. Amazon.com also named Diego Piacentini, Apple Europe's former vice president and general manager, as senior vice president and general manager international. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. recent Media Metrix ratings for Europe, the Amazon.co.uk, Amazon.de and Amazon.com sites are ranked the No. 1, No. 2 and No. 3 online retail sites in Europe based on reach. Total first-quarter sales outside the U.S., including exports from the U.S., were 24 percent of sales. Service Expansion Amazon Payments is an integrated payment system that allows businesses and individuals to both make and receive online payments via credit cards. This service allows payment from a buyer to be automatically transferred to a seller, and is now accepted by over 50 percent of zShops and Auctions listings. The Amazon Anywhere program, Amazon.com's wireless initiative, was extended to provide easy access to Amazon.com anytime, anywhere. Amazon Anywhere added new features and functionality for Personal Digital Assistant (PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). ) customers like users of the Palm VII The Palm VII product family consisted of two products, the Palm VII and the Palm VIIx Palm Pilots. These were produced by Palm, Inc., before it was split into PalmOne and PalmSource. They had antennas for wireless data communication on the Mobitex network under the now defunct Palm. . As a result of Amazon.com's over 11 partnerships with handheld wireless Internet device manufacturers such as Nokia and Motorola, and several wireless carriers, including Sprint PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , Nextel and Airtouch, customers can now access Amazon.com using the Hand Device Mark-up Language (HDML (Handheld Device Markup Language) A specialized version of HTML designed to enable wireless pagers, cellphones and other handheld devices to obtain information from Web pages. HDML was developed by Phone. ) format. Additionally, customers can now shop at Amazon.com via the new Pocket PC through Pocket Internet Explorer A version of Microsoft Internet Explorer for the Pocket PC operating system. . Amazon Anywhere has created several new Web addresses for mobile e-commerce (amazon.com/phone) and Pocket PC customers (www.amazon.com/pocketpc). Customers can buy or place pre-orders while supplies last on Pocket PC devices It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of Pocket PC and Windows CE devices, and companies that make, or have made, them. from Casio, Compaq and Hewlett-Packard at the Amazon.com Electronics store. European customers can access the U.K. and German sites using the Wireless Applications Protocol (WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. ) format. This global Amazon Anywhere initiative emphasizes Amazon.com's commitment to enhancing the customer buying experience with the convenience, safety and speed of state-of-the-art wireless commerce. Community and Personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. Amazon.com also launched Amazon Friends & Favorites, an area accessible from the Amazon.com home page that gives its community of millions of customers the opportunity to help each other find, discover and buy great products and services. Amazon Friends & Favorites further customizes the shopping experience for customers, making it easy for customers to manage their wish list, their reviews and other information that they want to share. Customers choose the friends with whom they want to share their opinions, past purchases and wish-list items. In exchange, they gain insight from a growing circle of friends, family and favorite reviewers they trust the most. Reviews, recommendations and wishes from a customer's selection of favorite people personalize per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. their shopping experience, helping them to make an even more informed buying decision. Other features of Amazon Friends & Favorites include About You pages, discussion boards, purchase circles and refer-a-friend, all examples of Amazon.com's customer-centric approach to individualizing the shopping experience for, and relationship with, its customers. About Amazon.com Amazon.com (Amazon.com, Inc., and its subsidiaries) is the Internet's No. 1 music, No. 1 DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. and video, and No. 1 book retailer. Amazon.com (NASDAQ:AMZN) opened its virtual doors on the World Wide Web in July 1995 and today offers Earth's Biggest Selection, along with online auctions and free electronic greeting cards See e-card. . Amazon.com lists more than 18 million unique items in categories including books, CDs, toys, electronics, videos, DVDs, home improvement products, software, and video games See video game console. . Through Amazon zShops, any business or individual can sell virtually anything to Amazon.com's more than 20 million customers, and with Amazon Payments, any seller can accept credit card transactions, avoiding the hassles of offline payments. The company also participates in sothebys.amazon.com, the leading auction site for guaranteed art, jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. , and collectibles, at www.sothebys.amazon.com. Amazon.com seeks to be the world's most customer-centric company, where customers can find and discover anything they may want to buy online. Amazon.com's All Product Search scours scour, scours 1. the chemical and physical cleaning of fleece wool. 2. diarrhea. dietetic scour see dietary diarrhea. peat scour see secondary nutritional copper deficiency. the Web to help customers find merchandise that is not available at Amazon.com, Amazon Auctions, or Amazon zShops, making Amazon.com the shopping destination to find anything. Amazon Anywhere is the leader in mobile e-commerce, providing access from anywhere in the world to Amazon.com through hand-held wireless Internet devices that use the Wireless Application Protocol (www.amazon.com/phone/) and on personal digital assistants (PDAs). Amazon.com operates two international Web sites: www.amazon.co.uk and www.amazon.de. It also operates the Internet Movie Database (www.imdb.com), the Web's comprehensive and authoritative source of information on more than 220,000 movies and entertainment programs and 800,000 cast and crew members dating from the birth of film in 1892 to 2003. Amazon.com has invested in leading Internet retailers that are improving the lives of customers by making shopping easier and more convenient: Greenlight.com, the only company that offers car buyers the control of auto purchasing online with ongoing service and support from local dealerships, at www.greenlight.com; living.com, the leading online home products and services retailer, at www.living.com; drugstore.com, an online retail and information source for health, beauty, wellness, personal care and pharmacy, at www.drugstore.com; Pets.com, the online leader for pet products, expert information, and services, at www.pets.com; HomeGrocer.com, the first fully integrated Internet grocery-shopping and home-delivery service--with operations in Seattle; Portland, Oregon; and Southern California--at www.homegrocer.com; Gear.com, which offers brand-name sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport at prices from 20 to 90 percent off retail, at www.gear.com; Ashford.com, the leading Internet retailer of luxury and premium products and the Web's No. 1 retailer of watches and jewelry, at www.ashford.com; Audible A protected MP3 file format from the Audible.com audio download service. See Audible.com. , Inc., the leader in Internet-delivered spoken audio for PC-based listening or playback Playback could mean:
n. Variant of handicraft. tr.v. hand·craft·ed, hand·craft·ing, hand·crafts To fashion or make by hand. hand·craft products from around the world, at www.eziba.com; and WineShopper.com, the San Francisco- and Napa-based Internet start-up that will ultimately offer consumers online access to the largest selection of wines available anywhere, at www.wineshopper.com. Amazon.com also has a minority interest in Della.com, which brings together leading retailers with gift registry, expert advice, and personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. gift suggestions to help everyone give better gifts, at www.della.com; NextCard, Inc., considered the industry's leading issuer of consumer credit on the Internet, at www.nextcard.com; and Kozmo.com, the world's leading "e-mmediate" Internet-to-door delivery service, at www.kozmo.com. Historical results of operations are preliminary and unaudited. This press release also contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , including statements regarding expectations of future pro-forma operating profitability in the U.S. Books, Music and DVD/Video segment and positive cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses , all of which are inherently difficult to predict. Actual results could differ materially for a variety of reasons, including the rate of growth of the Internet and online commerce, the amount that Amazon.com invests in new business opportunities and the timing of those investments, customer spending patterns, the mix of products sold to customers, the mix of revenues derived from products sales as compared to services, risks of inventory management, and risks of distribution and fulfillment throughput and productivity. Other risks and uncertainties include Amazon.com's limited operating history, anticipated losses, potential fluctuations in quarterly operating results, seasonality, consumer trends, competition, risks associated with distribution center expansion, adverse consequences arising from system interruptions, risks associated with management of potential growth, risks related to auction and zShops services, risks related to fraud and Amazon.com Payments, and risks of new business areas, international expansion, business combinations, and strategic alliances. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999. Note on Financial Presentation Financial results are prepared in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with U.S. generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting . Pro forma financial results exclude amortization of goodwill and other intangibles, equity in losses of equity-method investees, stock-based compensation costs and merger, acquisition and investment-related costs. Organizations responsible for promulgating accounting standards are currently reviewing the financial statement classification of, and accounting for, fulfillment and order processing costs by a number of retailers, online and offline, including Amazon.com. Fulfillment costs included in marketing and sales expenses represent net credit card fees and those costs incurred in operating and staffing distribution and customer service centers, including costs attributable to receiving, inspecting and warehousing inventories; picking, packing and preparing customers' orders for shipment; and responding to inquiries from customers. The review by these accounting organizations may lead to new accounting standards that could require that some or all of our fulfillment and order processing costs be classified as cost of sales. These new standards could also require us to capitalize To regard the cost of an improvement or other purchase as a capital asset for purposes of determining Income Tax liability. To calculate the net worth upon which an investment is based. To issue company stocks or bonds to finance an investment. certain of our fulfillment and order processing costs in inventory. We currently expense these costs as incurred. We will adjust our accounting and classification of fulfillment and order processing costs if required by accounting organizations or by the SEC.
AMAZON.COM, INC.
Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)
Three Months Ended
March 31,
2000 1999
Net sales $ 573,889 $ 293,643
Cost of sales 445,755 228,852
Gross profit 128,134 64,791
Operating expenses:
Marketing and sales 140,111 60,717
Technology and content 61,244 23,402
General and administrative 26,045 11,243
Stock-based compensation 13,652 111
Amortization of goodwill and
other intangibles 82,955 20,900
Merger, acquisition and
investment-related costs 2,019 399
Total operating expenses 326,026 116,772
Loss from operations (197,892) (51,981)
Interest income 10,126 10,920
Interest expense (27,621) (16,634)
Other expense (4,774) (49)
Net interest expense and other (22,269) (5,763)
Loss before equity in losses of
equity-method investees (220,161) (57,744)
Equity in losses of equity-method
investees (88,264) (3,923)
Net loss $ (308,425) $ (61,667)
Basic and diluted loss per share $ (0.90) $ (0.20)
Shares used in computation of basic
and diluted loss per share (Note 1) 343,884 313,794
Pro Forma Results (Note 2)
Pro forma loss from operations,
excluding amortization of goodwill and
other intangibles, stock-based
compensation costs and merger,
acquisition and investment-
related costs $ (99,266) $ (30,571)
Pro forma net loss, excluding
amortization of goodwill and other
intangibles, equity in losses of
equity-method investees,
stock-based compensation costs
and merger, acquisition
and investment-related costs $ (121,535) $ (36,334)
Pro forma basic and diluted loss
per share, excluding amortization of
goodwill and other intangibles,
equity in losses of equity- method
investees, stock-based compensation
costs and merger, acquisition and
investment-related costs $ (0.35) $ (0.12)
Shares used in computation of pro
forma basic and diluted loss per
share (Note 1) 343,884 313,794
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.
Note 2: Pro forma results for the 3-month periods ended March 31,
2000 and 1999 are presented for informational purposes only and are
not prepared in accordance with generally accepted accounting
principles. These results present the operating results of Amazon.com,
excluding charges of $186.9 million and $25.3 million for the 3-month
periods ended March 31, 2000 and 1999, respectively, related to
amortization of goodwill and other intangible assets, equity in losses
of equity-method investees, stock-based compensation and merger,
acquisition and investment-related costs.
AMAZON.COM, INC.
Consolidated Balance Sheets
(in thousands, except per share data)
(unaudited)
MARCH 31, DECEMBER 31,
2000 1999
ASSETS
Current assets:
Cash $ 84,087 $ 116,962
Marketable securities 924,794 589,226
Inventories 172,257 220,646
Prepaid expenses and other
current assets 89,811 85,344
Total current assets 1,270,949 1,012,178
Fixed assets, net 334,396 317,613
Goodwill, net 471,748 534,699
Other purchased intangibles, net 175,444 195,445
Investments in equity-method
investees 271,542 226,727
Other investments 212,782 144,735
Deferred charges and other 54,882 40,154
Total assets $ 2,791,743 $ 2,471,551
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 255,797 $ 463,026
Accrued expenses and other
current liabilities 115,811 126,017
Accrued advertising 29,004 55,892
Deferred revenue 196,758 54,790
Interest payable 15,812 24,888
Current portion of long-term
debt and other 15,983 14,322
Total current liabilities 629,165 738,935
Long-term debt and other 2,136,961 1,466,338
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 --
349,959 and 345,155 shares at
March 31, 2000 and December 31,
1999, respectively 3,500 3,452
Additional paid-in capital 1,294,932 1,195,540
Note receivable for common
stock (1,171) (1,171)
Stock-based compensation (34,889) (47,806)
Accumulated other comprehensive
loss (46,302) (1,709)
Accumulated deficit (1,190,453) (882,028)
Total stockholders' equity 25,617 266,278
Total liabilities and
stockholders' equity $ 2,791,743 $ 2,471,551
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.
AMAZON.COM, INC.
Segment Information
(in thousands, except per share data)
(unaudited)
Three Months Ended US Books, Early-Stage
March 31, 2000 Music and Businesses
DVD/Video Intl. And Other Consolidated
========= ===== =========== ============
Revenues from external
customers $ 401,415 $ 75,132 $ 97,342 $ 573,889
Gross profit 82,855 16,036 29,243 128,134
Segment loss (2,425) (27,448) (69,393) (99,266)
Other operating expenses - - - (98,626)
Net interest expense and other - - - (22,269)
Equity in losses of equity-method
investees - - - (88,264)
Net loss - - - $ (308,425)
Three Months Ended US Books, Early-Stage
March 31, 1999 Music and Businesses
DVD/Video Intl. And Other Consolidated
========= ===== =========== ============
Revenues from external
customers $ 267,522 $ 25,719 $ 402 $ 293,643
Gross profit 59,266 5,157 368 64,791
Segment loss (3,117) (14,253) (13,201) (30,571)
Other operating expenses - - - (21,410)
Net interest expense and other - - - (5,763)
Equity in losses of equity-method
investees - - - (3,923)
Net loss - - - $ (61,667)
Note 1: The Company identifies operating segments based on product
line information, considering line maturity, within the United States
and separately identifies its international operations as an operating
segment. The results for US Books, Music and
DVD/video have been aggregated into one reportable segment due to the
similarity of their economic characteristics.
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