Amazon.com 2000 Annual Report Download - page 43

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AMAZON.COM, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Years Ended December 31,
2000 1999 1998
Net sales ............................................ $2,761,983 $1,639,839 $ 609,819
Cost of sales ......................................... 2,106,206 1,349,194 476,155
Gross profit .......................................... 655,777 290,645 133,664
Operating expenses:
Marketing and fulfillment ............................ 594,489 413,150 132,654
Technology and content ............................. 269,326 159,722 46,424
General and administrative ........................... 108,962 70,144 15,618
Stock-based compensation ............................ 24,797 30,618 1,889
Amortization of goodwill and other intangibles ............ 321,772 214,694 42,599
Impairment-related and other .......................... 200,311 8,072 3,535
Total operating expenses ......................... 1,519,657 896,400 242,719
Loss from operations ................................... (863,880) (605,755) (109,055)
Interest income ....................................... 40,821 45,451 14,053
Interest expense ....................................... (130,921) (84,566) (26,639)
Other income (expense), net .............................. (10,058) 1,671 —
Non-cash gains and losses, net ............................ (142,639) — —
Net interest expense and other ......................... (242,797) (37,444) (12,586)
Loss before equity in losses of equity-method investees, net ....... (1,106,677) (643,199) (121,641)
Equity in losses of equity-method investees, net ............... (304,596) (76,769) (2,905)
Net loss ............................................. $(1,411,273) $ (719,968) $(124,546)
Basic and diluted loss per share ........................... $ (4.02) $ (2.20) $ (0.42)
Shares used in computation of basic and diluted loss per share ..... 350,873 326,753 296,344
See accompanying notes to consolidated financial statements.
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