Amazon.com 2003 Annual Report Download - page 84

Download and view the complete annual report

Please find page 84 of the 2003 Amazon.com annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 90

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90

AMAZON.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 18—QUARTERLY RESULTS (UNAUDITED)
The following tables contain selected unaudited statement of operations information for each quarter of
2003, 2002, and 2001. The following information reflects all normal recurring adjustments necessary for a fair
presentation of the information for the periods presented. The operating results for any quarter are not necessarily
indicative of results for any future period. Unaudited quarterly results were as follows (in thousands, except per
share data):
Year Ended December 31, 2003
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
Net sales ......................................... $1,945,772 $1,134,456 $1,099,912 $1,083,559
Grossprofit....................................... 426,837 285,821 273,928 270,582
Netincome(loss) .................................. 73,154 15,563 (43,314) (10,121)
Basic earnings (loss) per share (1) ..................... $ 0.18 $ 0.04 $ (0.11) $ (0.03)
Diluted earnings (loss) per share (1) ................... $ 0.17 $ 0.04 $ (0.11) $ (0.03)
Shares used in computation of earnings (loss) per share:
Basic ........................................ 401,422 397,912 393,876 388,541
Diluted ...................................... 425,214 422,802 393,876 388,541
Year Ended December 31, 2002
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
Net sales ......................................... $1,428,610 $ 851,299 $ 805,605 $ 847,422
Grossprofit....................................... 335,159 216,167 218,167 223,125
Income(loss)beforechangeinaccountingprinciple....... 2,651 (35,080) (93,553) (23,951)
Cumulative effect of change in accounting principle ....... ———801
Netincome(loss) .................................. 2,651 (35,080) (93,553) (23,150)
Basic and diluted earnings (loss) per share (1):
Prior to cumulative effect of change in accounting
principle ................................... $ 0.01 $ (0.09) $ (0.25) $ (0.06)
Cumulative effect of change in accounting principle . . . ————
$ 0.01 $ (0.09) $ (0.25) $ (0.06)
Shares used in computation of earnings (loss) per share:
Basic ........................................ 383,702 379,650 376,937 373,031
Diluted ...................................... 407,056 379,650 376,937 373,031
Year Ended December 31, 2001
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
Net sales ......................................... $1,115,171 $ 639,281 $ 667,625 $ 700,356
Grossprofit....................................... 274,049 162,192 179,720 182,597
Income(loss)beforechangeinaccountingprinciple....... 5,087 (169,874) (168,359) (223,608)
Cumulative effect of change in accounting principle ....... — — — (10,523)
Netincome(loss) .................................. 5,087 (169,874) (168,359) (234,131)
Basic and diluted earnings (loss) per share (1):
Prior to cumulative effect of change in accounting
principle ................................... $ 0.01 $ (0.46) $ (0.47) $ (0.63)
Cumulative effect of change in accounting principle . . . — — — (0.03)
$ 0.01 $ (0.46) $ (0.47) $ (0.66)
Shares used in computation of earnings (loss) per share:
Basic ........................................ 371,420 368,052 359,752 357,424
Diluted ...................................... 384,045 368,052 359,752 357,424
(1) The sum of quarterly per share amounts may not equal per share amounts reported for year-to-date periods.
This is due to changes in the number of weighted-average shares outstanding and the effects of rounding for
each period.
78