1
EXHIBIT 11
AMAZON.COM, INC.
COMPUTATION OF NET LOSS PER SHARE
Net loss per share reported in Form 10-Q for the quarters ended September 30,
1997 and 1996 are based on the following (in thousands, except per share data):
- ---------------------------------------------------------------------------------------------------------
Quarter Ended Nine Months Ended
----------------------------- ----------------------------
September 30, September 30, September 30, September 30,
1997 1996 1997 1996
- ---------------------------------------------------------------------------------------------------------
Net loss $(8,510) $(2,380) $(18,253) $(3,478)
============================= ============================
Weighted average number of common shares
used in computation 23,859 15,605 20,469 15,225
Net effect of stock options exercised and
granted, and preferred stock issued
during the 12-month period prior to the
Company's filing of its initial public
offering at less than the offering
price, calculated using the treasury
stock method at the offering price of
$18 per share, and treated as
outstanding for all periods presented
prior to and through May 15, 1997 - 7,362 3,039 7,325
---------------------------- ----------------------------
Total shares 23,859 22,967 23,508 22,550
============================ ============================
Net loss per share $ (0.36) $ (0.10) $ (0.78) $ (0.15)
============================ ============================