Amazon.com 2001 Annual Report Download - page 43

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The following is a reconciliation of our pro forma results for 2001, 2000 and 1999. Quarterly reconciliations are consistent with full-year presentation.
Year Ended December 31, 2001 Year Ended December 31, 2000 Year Ended December 31, 1999
As
Reported(1)
Pro Forma
Adjustments Pro Forma
As
Reported(1)
Pro Forma
Adjustments Pro Forma
As
Reported(1)
Pro Forma
Adjustments Pro Forma
(in thousands) (in thousands) (in thousands)
Net sales ................................... $3,122,433 $ — $3,122,433 $ 2,761,983 $ — $2,761,983 $1,639,839 — $1,639,839
Cost of sales ................................ 2,323,875 — 2,323,875 2,106,206 — 2,106,206 1,349,194 — 1,349,194
Gross profit ................................. 798,558 — 798,558 655,777 — 655,777 290,645 — 290,645
Operating expenses:
Fulfillment ............................. 374,250 — 374,250 414,509 — 414,509 237,312 — 237,312
Marketing .............................. 138,283 — 138,283 179,980 — 179,980 175,838 — 175,838
Technology and content ................... 241,165 — 241,165 269,326 — 269,326 159,722 — 159,722
General and administrative ................. 89,862 — 89,862 108,962 — 108,962 70,144 — 70,144
Stock-based compensation ................. 4,637 (4,637) — 24,797 (24,797) — 30,618 (30,618) —
Amortization of goodwill and intangibles ..... 181,033 (181,033) — 321,772 (321,772) — 214,694 (214,694) —
Restructuring-related and other ............. 181,585 (181,585) — 200,311 (200,311) — 8,072 (8,072) —
Total operating expenses .............. 1,210,815 (367,255) 843,560 1,519,657 (546,880) 972,777 896,400 (253,384) 643,016
Loss from operations ......................... (412,257) 367,255 (45,002) (863,880) 546,880 (317,000) (605,755) 253,384 (352,371)
Interest income .............................. 29,103 — 29,103 40,821 — 40,821 45,451 — 45,451
Interest expense ............................. (139,232) — (139,232) (130,921) — (130,921) (84,566) — (84,566)
Other expense, net ........................... (1,900) — (1,900) (10,058) — (10,058) 1,671 — 1,671
Other gains (losses), net ....................... (2,141) 2,141 — (142,639) 142,639 — — — —
Net interest expense and other .......... (114,170) 2,141 (112,029) (242,797) 142,639 (100,158) (37,444) — (37,444)
Loss before equity in losses of equity-method
investees ................................. (526,427) 369,396 (157,031) (1,106,677) 689,519 (417,158) (643,199) 253,384 (389,815)
Equity in losses of equity-method investees, net .... (30,327) 30,327 — (304,596) 304,596 — (76,769) 76,769 —
Loss before cumulative effect of change in
accounting principle ........................ (556,754) 399,723 (157,031) (1,411,273) 994,115 (417,158) (719,968) 330,153 (389,815)
Cumulative effect of change in accounting principle . (10,523) 10,523 — — — — — — —
Net loss .................................... $ (567,277) $ 410,246 $ (157,031) $(1,411,273) 994,115 $ (417,158) $ (719,968) 330,153 (389,815)
Net cash used in operating activities ............. $ (119,782) $ (119,782) $ (130,442) $ (130,442) $ (90,875) $ (90,875)
Basic and diluted loss per share:
Prior to cumulative effect of change in
accounting principle .................... $ (1.53) $ (0.43) $ (4.02) $ (1.19) $ (2.20) $ (1.19)
Cumulative effect of change in accounting
principle ............................. (0.03) — — — — —
$ (1.56) $ (0.43) $ (4.02) $ (1.19) $ (2.20) $ (1.19)
Shares used in computation of basic and diluted loss
per share ................................. 364,211 364,211 350,873 350,873 326,753 326,753
(1) In accordance with accounting principles generally accepted in the United States.
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