Overstock.com 2012 Annual Report Download - page 87
Download and view the complete annual report
Please find page 87 of the 2012 Overstock.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.-
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 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
 |
 |
Table of Contents
Revenue, net
Direct $ 155,516 $ 163,609 $ 209,646
Fulfillment partner 943,773 890,668 880,227
Total net revenue 1,099,289 1,054,277 1,089,873
Cost of goods sold
Direct(1) 140,536 149,660 187,124
Fulfillment partner 760,323 725,529 713,109
Total cost of goods sold 900,859 875,189 900,233
Gross profit 198,430 179,088 189,640
Operating expenses:
Sales and marketing(1) 63,467 61,813 61,334
Technology(1) 65,467 67,043 58,260
General and administrative(1) 57,259 67,766 55,650
Restructuring 76 — (569)
Total operating expenses 186,269 196,622 174,675
Operating income (loss) 12,161 (17,534) 14,965
Interest income 116 161 157
Interest expense (809) (2,485) (2,962)
Other income, net 3,686 278 2,088
Income (loss) before income taxes 15,154 (19,580) 14,248
Provision (benefit) for income taxes 485 (142) 359
Net income (loss) $ 14,669 $ (19,438) $ 13,889
Deemed dividend related to redeemable common stock — (12) (112)
Net income (loss) attributable to common shares $ 14,669 $ (19,450) $ 13,777
Net income (loss) per common share—basic:
Net income (loss) attributable to common shares—basic $ 0.63 $ (0.84) $ 0.60
Weighted average common shares outstanding—basic 23,387 23,259 23,019
Net income (loss) per common share—diluted:
Net income (loss) attributable to common shares—diluted $ 0.62 $ (0.84) $ 0.59
Weighted average common shares outstanding—diluted 23,672 23,259 23,366
Comprehensive income (loss) $ 14,669 $ (19,438) $ 13,889
(1) Includes stock-based compensation as follows (Note 17):
Cost of goods sold—direct $ 272 $ 193 $ 212
Sales and marketing 318 377 608
Technology 799 628 1,071
General and administrative 2,138 1,853 3,165
Total $ 3,527 $ 3,051 $ 5,056