Amazon.com 2002 Annual Report Download - page 30

of Financial Condition and Results of Operations.'' Historical results are not necessarily indicative of
future results.
As of and for the Years Ended December 31,
2002 2001 2000 1999 1998(1)
(in thousands, except per share data)
Net sales ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 3,932,936 $ 3,122,433 $ 2,761,983 $1,639,839 $ 609,819
Gross proÑt ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 992,618 798,558 655,777 290,645 133,664
Income (loss) from operations ÏÏÏ 64,124 (412,257) (863,880) (605,755) (109,055)
Interest income ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 23,687 29,103 40,821 45,451 14,053
Interest expenseÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (142,925) (139,232) (130,921) (84,566) (26,639)
Net loss ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (149,132) (567,277) (1,411,273) (719,968) (124,546)
Basic and diluted net loss per
share(2) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ (0.39) $ (1.56) $ (4.02) $ (2.20) $ (0.42)
Shares used in computation of
basic and diluted net loss per
share(2) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 378,363 364,211 350,873 326,753 296,344
Balance Sheet Data:
Cash and cash equivalents ÏÏÏÏÏÏÏ $ 738,254 $ 540,282 $ 822,435 $ 133,309 $ 71,583
Marketable securities ÏÏÏÏÏÏÏÏÏÏÏ 562,715 456,303 278,087 572,879 301,862
Total assets ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,990,449 1,637,547 2,135,169 2,465,850 648,460
Long-term debt ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2,277,305 2,156,133 2,127,464 1,466,338 348,140
Stockholders' Equity (DeÑcit) ÏÏÏ (1,352,814) (1,440,000) (967,251) 266,278 138,745
(1) ReÖects restatement for a 1998 business acquisition accounted for under the pooling-of-interests
method.
(2) For further discussion of loss per share, see Item 8 of Part II, ""Financial Statements and
Supplementary Data Ì Note 1 Ì Description of Business and Accounting Policies'' and
""Ì Note 9 Ì Earnings (Loss) Per Share.''
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Forward-Looking Statements
This Annual Report on Form 10-K includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact,
including statements regarding industry prospects and future results of operations or Ñnancial position,
made in this Annual Report on Form 10-K are forward-looking. We use words such as anticipates,
believes, expects, future, intends and similar expressions to identify forward-looking statements. Forward-
looking statements reÖect management's current expectations and are inherently uncertain. Our actual
results may diÅer signiÑcantly from management's expectations. The following discussion includes forward-
looking statements regarding expectations of future pro forma proÑtability, net sales, cash Öows from
operations and free cash Öows, all of which are inherently diÇcult to predict. Actual results could diÅer
materially for a variety of reasons, including, among others, the rate of growth of the economy in general,
the Internet and online commerce, customer spending patterns, the amount that we invest in new business
opportunities and the timing of those investments, the mix of products sold to customers, the mix of net
sales derived from products as compared with services, risks of inventory management, the degree to which
we enter into, maintain and develop relationships with other businesses, Öuctuations in the value of
securities and non-cash payments we receive in connection with such transactions, foreign exchange risks,
seasonality, international growth and expansion and risks of fulÑllment throughput and productivity. These
risks and uncertainties, as well as other risks and uncertainties that could cause our actual results to diÅer
signiÑcantly from management's expectations, are described in greater detail in Item 1 of Part I,
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