Overstock.com 2007 Annual Report Download - page 91
Download and view the complete annual report
Please find page 91 of the 2007 Overstock.com annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
 |
 |
Overstock.com, Inc.
Consolidated Statements of Operations
(in thousands, except per share data)
Year ended December 31,
2005 2006 2007
Revenue
Direct revenue $324,875 $ 303,202 $195,622
Fulfillment partner revenue 474,441 484,948 564,539
Total revenue 799,316 788,150 760,161
Cost of goods sold
Direct(1) 282,383 284,943 164,368
Fulfillment partner 400,057 408,407 468,222
Total cost of goods sold 682,440 693,350 632,590
Gross profit 116,876 94,800 127,571
Operating expenses:
Sales and marketing(1) 77,155 70,897 55,458
Technology(1) 27,901 65,158 59,453
General and administrative(1) 33,043 46,837 41,976
Restructuring — 5,674 12,283
Total operating expenses 138,099 188,566 169,170
Operating loss (21,223) (93,766) (41,599)
Interest income (expense), net (270) 3,566 4,788
Interest expense (5,582) (4,765) (4,188)
Other income (expense), net 4,728 81 (92)
Loss from continuing operations (22,347) (94,884) (41,091)
Discontinued operations (Note 4):
Loss from discontinued operations (2,571) (6,882) (3,924)
Net loss (24,918) (101,766) (45,015)
Deemed dividend related to redeemable common stock (185) (99) —
Net loss attributable to common shares $ (25,103) $(101,865) $ (45,015)
Net loss per common share—basic and diluted:
Loss from continuing operations $ (1.16) $ (4.67) $ (1.73)
Loss from discontinued operations $ (0.13) $ (0.34) $ (0.17)
Net loss per common share—basic and diluted $ (1.29) $ (5.01) $ (1.90)
Weighted average common shares outstanding—basic and diluted 19,429 20,332 23,704
Includes stock-based compensation from employee options as follows:
Cost of goods sold—direct $ 6 $ 412 $ 460
Sales and marketing 4 301 336
Technology 11 684 764
General and administrative 51 2,723 2,962
The accompanying notes are an integral part of these consolidated financial statements.
F-4
(1)