Overstock.com 2014 Annual Report Download - page 107
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Table of Contents
The following tables set forth our unaudited quarterly results of operations data for the eight most recent quarters for the period ended December 31,
2014. We have prepared this information on the same basis as the consolidated statements of operations and the information includes all adjustments that we
consider necessary for a fair statement of its financial position and operating results for the quarters presented.
Revenue, net
Direct
$ 38,047
$ 33,215
$ 33,592
$ 42,606
Partner
303,160
299,330
319,399
427,754
Total net revenue
341,207
332,545
352,991
470,360
Cost of goods sold
Direct
33,097
29,473
29,385
37,298
Partner
244,114
240,447
256,548
347,682
Total cost of goods sold
277,211
269,920
285,933
384,980
Gross profit
63,996
62,625
67,058
85,380
Operating expenses:
Sales and marketing
23,392
23,543
25,428
37,098
Technology
19,601
21,408
22,202
23,047
General and administrative
15,296
15,881
17,073
23,527
Restructuring
(360)
—
—
—
Total operating expenses
57,929
60,832
64,703
83,672
Operating income
6,067
1,793
2,355
1,708
Interest income
41
37
36
38
Interest expense
(7)
(12)
(11)
(9)
Other income (expense), net
459
524
(350)
536
Net income before income taxes
6,560
2,342
2,030
2,273
Provision for income taxes
2,590
433
413
968
Consolidated net income
3,970
1,909
1,617
1,305
Less: Net loss attributable to noncontrolling interests
—
—
—
(53)
Net income attributable to stockholders of Overstock.com, Inc.
$ 3,970
$ 1,909
$ 1,617
$ 1,358
Net income per common share—basic:
Net income attributable to common shares—basic
$ 0.17
$ 0.08
$ 0.07
$ 0.06
Weighted average common shares outstanding—basic
23,926
24,009
24,027
24,031
Net income per common share—diluted:
Net income attributable to common shares—diluted
$ 0.16
$ 0.08
$ 0.07
$ 0.06
Weighted average common shares outstanding—diluted
24,339
24,247
24,283
24,399
106