Amazon.com 2013 Annual Report Download - page 71

Download and view the complete annual report

Please find page 71 of the 2013 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 86

  • 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

60
The outcomes of our legal proceedings are inherently unpredictable, subject to significant uncertainties, and could be
material to our operating results and cash flows for a particular period. In addition, for some matters for which a loss is
probable or reasonably possible, an estimate of the amount of loss or range of loss is not possible and we may be unable to
estimate the possible loss or range of losses that could potentially result from the application of non-monetary remedies.
See also “Note 11—Income Taxes.”
Note 9—STOCKHOLDERS' EQUITY
Preferred Stock
We have authorized 500 million shares of $0.01 par value preferred stock. No preferred stock was outstanding for any
period presented.
Common Stock
Common shares outstanding plus shares underlying outstanding stock awards totaled 476 million, 470 million, and 468
million, as of December 31, 2013, 2012, and 2011. These totals include all vested and unvested stock awards outstanding,
including those awards we estimate will be forfeited.
Stock Repurchase Activity
In January 2010, our Board of Directors authorized the Company to repurchase up to $2.0 billion of our common stock
with no fixed expiration. We have $763 million remaining under the $2.0 billion repurchase program.
Stock Award Plans
Employees vest in restricted stock unit awards over the corresponding service term, generally between two and five
years.
Stock Award Activity
The following table summarizes our restricted stock unit activity (in millions):
Number of Units
Weighted Average
Grant-Date
Fair Value
Outstanding as of January 1, 2011 14.0 $ 96
Units granted 5.4 193
Units vested (5.1) 73
Units forfeited (1.2) 122
Outstanding as of December 31, 2011 13.1 143
Units granted 8.2 209
Units vested (4.2) 110
Units forfeited (1.7) 168
Outstanding as of December 31, 2012 15.4 184
Units granted 7.2 283
Units vested (4.5) 160
Units forfeited (1.8) 209
Outstanding as of December 31, 2013 16.3 $ 233
Scheduled vesting for outstanding restricted stock units as of December 31, 2013, is as follows (in millions):
Year Ended December 31,
2014 2015 2016 2017 2018 Thereafter Total
Scheduled vesting—restricted stock units 5.4 5.8 3.2 1.6 0.2 0.1 16.3