Amazon.com 2001 Annual Report Download - page 53

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AMAZON.COM, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Years Ended December 31,
2001 2000 1999
Net sales ............................................... $3,122,433 $ 2,761,983 $1,639,839
Cost of sales ............................................ 2,323,875 2,106,206 1,349,194
Gross profit ............................................. 798,558 655,777 290,645
Operating expenses:
Fulfillment .......................................... 374,250 414,509 237,312
Marketing .......................................... 138,283 179,980 175,838
Technology and content ............................... 241,165 269,326 159,722
General and administrative ............................. 89,862 108,962 70,144
Stock-based compensation ............................. 4,637 24,797 30,618
Amortization of goodwill and other intangibles ............. 181,033 321,772 214,694
Restructuring-related and other .......................... 181,585 200,311 8,072
Total operating expenses ........................... 1,210,815 1,519,657 896,400
Loss from operations ...................................... (412,257) (863,880) (605,755)
Interest income .......................................... 29,103 40,821 45,451
Interest expense .......................................... (139,232) (130,921) (84,566)
Other income (expense), net ................................ (1,900) (10,058) 1,671
Other gains (losses), net ................................... (2,141) (142,639) —
Net interest expense and other .......................... (114,170) (242,797) (37,444)
Loss before equity in losses of equity-method investees .......... (526,427) (1,106,677) (643,199)
Equity in losses of equity-method investees, net ................ (30,327) (304,596) (76,769)
Loss before change in accounting principle .................... $ (556,754) $(1,411,273) $ (719,968)
Cumulative effect of change in accounting principle ............. (10,523) — —
Net loss ................................................ $ (567,277) $(1,411,273) $ (719,968)
Basic and diluted loss per share:
Prior to cumulative effect of change in accounting principle . . . $ (1.53) $ (4.02) $ (2.20)
Cumulative effect of change in accounting principle ......... (0.03) — —
$ (1.56) $ (4.02) $ (2.20)
Shares used in computation of basic and diluted loss per share ..... 364,211 350,873 326,753
See accompanying notes to consolidated financial statements.
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