Amazon.com 2000 Annual Report Download - page 71

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Note 17—QUARTERLY RESULTS (unaudited)
The following tables contain selected unaudited statement of operations information for each quarter of
2000, 1999 and 1998. The Company believes that the following information reflects all normal recurring
adjustments necessary for a fair presentation of the information for the periods presented. The operating results
for any quarter are not necessarily indicative of results for any future period.
Year Ended December 31, 2000
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
(in thousands, except per share data)
Net sales .............................. $972,360 $ 637,858 $ 577,876 $ 573,889
Gross profit ............................ 224,300 167,279 136,064 128,134
Net loss ............................... (545,140) (240,524) (317,184) (308,425)
Basic and diluted loss per share (1) ........... $ (1.53) $ (0.68) $ (0.91) $ (0.90)
Shares used in computation of basic and diluted
loss per share ......................... 355,681 353,954 349,886 343,884
Year Ended December 31, 1999
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
(in thousands, except per share data)
Net sales .............................. $676,042 $ 355,777 $ 314,377 $ 293,643
Gross profit ............................ 87,846 70,477 67,531 64,791
Net loss ............................... (323,213) (197,080) (138,008) (61,667)
Basic and diluted loss per share (1) ........... $ (0.96) $ (0.59) $ (0.43) $ (0.20)
Shares used in computation of basic and
diluted loss per share .................... 338,389 332,488 322,340 313,794
Year Ended December 31, 1998
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
(in thousands, except per share data)
Net sales .............................. $252,829 $ 153,648 $ 115,981 $ 87,361
Gross profit ............................ 53,353 34,825 26,188 19,298
Net loss ............................... (46,427) (45,171) (22,579) (10,369)
Basic and diluted loss per share (1) ........... $ (0.15) $ (0.15) $ (0.08) $ (0.04)
Shares used in computation of basic and diluted
loss per share ......................... 308,778 301,405 292,554 282,636
(1) The sum of quarterly per share amounts may not equal per share amounts reported for year-to-date
periods. This is due to changes in the number of weighted-average shares outstanding and the effects of
rounding for each period.
AMAZON.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
63