Amazon.com 2007 Annual Report Download - page 76

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AMAZON.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Scheduled vesting for outstanding restricted stock units at December 31, 2007 is as follows (in millions):
Year Ended December 31,
2008 2009 2010 2011 2012 Thereafter Total
Scheduled vesting—restricted stock units ................ 5.6 5.8 2.9 1.4 0.4 0.2 16.3
As matching contributions under our 401(k) savings plan, we granted 0.09 million and 0.15 million shares
of common stock for years ended 2007 and 2006. Shares granted as matching contributions under our 401(k)
plan are included in outstanding common stock when issued.
As of December 31, 2007, there was $252 million of net unrecognized compensation cost related to
unvested stock-based compensation arrangements. This compensation is recognized on an accelerated basis
resulting in approximately half of the compensation expected to be expensed in the next twelve months, and has a
weighted average recognition period of 1.2 years.
During 2007 and 2006, the fair value of restricted stock units vested was $224 million and $68 million.
Common Stock Available for Future Issuance
At December 31, 2007, common stock available for future issuance is as follows (in millions):
December 31,
2007
Stock awards .................................................... 129.3
Shares issuable upon conversion of 4.75% Convertible Subordinated Notes . . 11.5
Shares issuable upon conversion of 6.875% PEACS ..................... 2.8
Total common stock reserved for future issuance ................... 143.6
Note 8—OTHER COMPREHENSIVE INCOME (LOSS)
The changes in the components of other comprehensive income (loss) were as follows:
Year Ended December 31,
2007 2006 2005
(in millions)
Net income ............................................................. $476 $190 $359
Net activity on available-for-sale securities:
Unrealized gains (losses) arising during the year, net of tax ............... 8 4 (14)
Reclassification adjustment for net realized gains/losses included in net
income, net of tax .............................................. — — —
Net change in unrealized gains/losses on available-for-sale securities . . . 8 4 (14)
Foreign currency translation adjustment, net of tax .......................... (3) (13) (15)
Amortization of net unrealized losses on terminated Euro Currency Swap, net of
tax .............................................................. 1 2 3
Other comprehensive income (loss) .............................. 6 (7) (26)
Comprehensive income ............................... $482 $183 $333
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