Amazon.com 2001 Annual Report Download - page 87

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AMAZON.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 17—QUARTERLY RESULTS (unaudited)
The following tables contain selected unaudited statement of operations information for each quarter of
2001, 2000 and 1999. 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, 2001
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
(in thousands, except per share data)
Net sales .................................. $1,115,171 $ 639,281 $ 667,625 $ 700,356
Gross profit ............................... 274,049 162,192 179,720 182,597
Net income (loss) ........................... 5,087 (169,874) (168,359) (234,131)
Basic and diluted income (loss) per share:
Prior to cumulative effect of change in
accounting principle .................. $ 0.01 $ (0.46) $ (0.47) $ (0.63)
Cumulative effect of change in accounting
principle ............................ — — — (0.03)
Basic and diluted income (loss) per share (1) ..... $ 0.01 $ (0.46) $ (0.47) $ (0.66)
Shares used in computation of basic income (loss)
per share ................................ 371,420 368,052 359,752 357,424
Shares used in computation of diluted income
(loss) per share ........................... 384,045 368,052 359,752 357,424
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
(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.
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