Seeking Alpha

ThirtyEddie's  Instablog

ThirtyEddie
Send Message
View ThirtyEddie's Instablogs on:
  • What Happened To Amazon's Diluted Shares?
     Q1Q2Q3Q42012
    Shares453451452454453
    Diluted Shares460458460461453

    Amazon's 8-K submitted to the SEC says:

    Diluted Shares for 3 month period = 461

    Diluted Shares for 12 month period = 453 (the same value as common shares, meaning there are no diluted shares...)

    If 461 diluted shares for Q4 is correct, then I calculated the annual diluated shares should be around 459.7 rounded up to 460. Using 460 diluted shares, their annual net income loss would be 8 cents per diluted shares instead of 9 cents, no big deal.

    Anyone know what happened? How can preparers make a typo like this, and accountants not catch it. I hope I'm wrong and someone can educate me, but I don't get it.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: AMZN
    Jan 30 12:26 AM | Link | Comment!
Full index of posts »
Latest Followers
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.