Overstock.com 2002 Annual Report Download - page 36

Overstock.com, Inc.
Consolidated Statements of Stockholders' Equity
and Comprehensive Income
Common stock
Additional
Paid-in capital
Accumulated
deficit
Unearned
stock-based
compensation
Treasury
stock
Other
Comprehensive
Income
Shares Amount Total
(amounts in thousands)
Balance at December 31, 1999 3,338 $ — $ 10,196 $ (8,361) $ — $ — $ — $ 1,835
Issuance of common stock with warrants 3,716 1 21,007 — — — — 21,008
Exercise of stock options 1 — 5 — — — — 5
Issuance of common stock and options in connection with the Gear.com
acquisition (see Note 4) 2,041 — 11,023 — — — — 11,023
Deemed dividend related to redeemable common stock — — — (210) — — — (210)
Net loss — — — (21,312) — — — (21,312)
Balance at December 31, 2000 9,096 1 42,231 (29,883) — — — 12,349
Issuance of common stock 1,210 — 6,915 — — — — 6,915
Exercise of stock options 14 — 73 — — — — 73
Purchase of treasury stock — — — — — (100) — (100)
Unearned stock-based compensation from options issued to employees — — 2,534 — (2,534) — — —
Amortization of stock-based compensation — — — — 727 — — 727
Issuance of stock options to consultants in exchange for services — — 384 — (208) — — 176
Lapse of rescission rights on redeemable common stock 7 — 50 — — — — 50
Deemed dividend related to redeemable common stock — — — (404) — — — (404)
Net loss — — — (13,806) — — — (13,806)
Balance at December 31, 2001 10,327 1 52,187 (44,093) (2,015) (100) — 5,980
Issuance of common stock 7 — 212 — — — — 212
Exercise of stock options and warrants 149 — 615 — — — — 615
Deemed dividend related to beneficial conversion feature of preferred stock — — 6,607 (6,607) — — — —
Conversion of Series A redeemable preferred stock to common stock 959 — 6,582 — — — — 6,582
Issuance of common stock in IPO 2,256 — 26,140 — — — — 26,140
Unearned stock-based compensation from options issued to employees — — 3,481 — (3,481) — — —
Amortization of stock-based compensation — — — — 3,276 — — 3,276
Issuance of stock options to consultants in exchange for services — — 131 — (107) — — 24
Lapse of rescission rights on redeemable common stock 168 — 1,327 — — — — 1,327
Deemed dividend related to redeemable common stock — — — (406) — — — (406)
Net loss — — — (4,560) — — — (4,560)
Unrealized gain on marketable securities — — — — — — 81 81
Total comprehensive loss — — — — — — — (4,479)
Balance at December 31, 2002 13,866 $ 1 $ 97,282 $ (55,666) $ (2,327) $ (100) $ 81 $ 39,271
The accompanying notes are an integral part of these consolidated financial statements.
Overstock.com, Inc.
Consolidated Statements of Cash Flows
Year ended December 31,
2000 2001 2002
(in thousands)
Cash flows from operating activities:
Net loss $(21,312) $(13,806) $ (4,560)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization 706 1,735 1,873
Amortization of goodwill 226 3,056 —
Amortization of unearned stock-based compensation — 727 3,276
Realized loss on marketable securities — — 55
Stock options issued to consultants for services — 176 24
Stock issued to employees — 63 181
Amortization of debt discount — 291 242