Amazon.com 2000 Annual Report Download - page 34

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infrastructure to a new hardware and software platform. We estimate that the restructuring will result in costs
during the first half of 2001 exceeding $150 million relating primarily to severance, fixed asset impairments,
continuing lease obligations and other exit costs directly related to our restructuring.
Pro Forma Results of Operations
We provide certain pro forma information regarding our results from operations, which excludes stock-
based compensation, amortization of goodwill and other intangibles, and impairment-related and other. We also
provide certain pro forma information regarding our net loss which excludes non-cash gains and losses, net;
equity in losses of equity-method investees, net; as well as the amounts excluded from pro forma operating
results. This pro forma information is not presented in accordance with accounting principles generally accepted
in the United States and may not necessarily be useful in analyzing our results. For information about our
financial results, as reported in accordance with accounting principles generally accepted in the United States,
see Item 6 of Part II, ‘‘Selected Consolidated Financial Data,’’ and Item 8 of Part II, ‘‘Financial Statements and
Supplementary Data.’’
Full year and corresponding quarterly pro forma results, and certain cash flow information for 2000, 1999
and 1998, were as follows:
Year Ended December 31, 2000
Full Year
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
Pro forma loss from operations ............. $(317,000) $ (59,946) $(68,439) $ (89,349) $ (99,266)
Pro forma net loss ...................... $(417,158) $ (90,426) $(89,493) $(115,704) $(121,535)
Pro forma loss from operations as a percentage
of net sales ......................... 11% 6% 11% 15% 17%
Pro forma basic and diluted loss per share ..... $ (1.19) $ (0.25) $ (0.25) $ (0.33) $ (0.35)
Shares used in computation of pro forma basic
and diluted loss per share ............... 350,873 355,681 353,954 349,886 343,884
Net cash provided by (used in) operating
activities ........................... $(130,442) $ 247,653 $ (3,688) $ (54,029) $(320,378)
Year Ended December 31, 1999
Full Year
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
Pro forma loss from operations ............. $(352,371) $(175,349) $(79,198) $ (67,253) $ (30,571)
Pro forma net loss ...................... $(389,815) $(184,885) $(85,810) $ (82,786) $ (36,334)
Pro forma loss from operations as a percentage
of net sales ......................... 21% 26% 22% 21% 10%
Pro forma basic and diluted loss per share ..... $ (1.19) $ (0.55) $ (0.26) $ (0.26) $ (0.12)
Shares used in computation of pro forma basic
and diluted loss per share ............... 326,753 338,389 332,488 322,340 313,794
Net cash provided by (used in) operating
activities ........................... $ (90,875) $ 31,506 $(75,573) $ (29,614) $ (17,194)
Year Ended December 31, 1998
Full Year
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
Pro forma loss from operations ............. $ (61,038) $ (17,632) $(20,802) $ (12,798) $ (9,800)
Pro forma net loss ...................... $ (73,623) $ (21,990) $(24,466) $ (16,977) $ (10,184)
Pro forma loss from operations as a percentage
of net sales ......................... 10% 7% 14% 11% 11%
Pro forma basic and diluted loss per share ..... $ (0.25) $ (0.07) $ (0.08) $ (0.06) $ (0.04)
Shares used in computation of pro forma basic
and diluted loss per share ............... 296,344 308,778 301,405 292,554 282,636
Net cash provided by (used in) operating
activities ........................... $ 31,035 $ 38,698 $ (572) $ (654) $ (6,437)
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