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Acquisition Structure Assumptions Acquisition Premium Equity Issuance Discount (to Current Price) 20% 5% % Debt Financing % Equity Financing 20% 80% Acquirer and Target Assumptions
Acquisition Structure Assumptions Acquisition Premium Equity Issuance Discount (to Current Price) 20% 5% % Debt Financing % Equity Financing 20% 80% Acquirer and Target Assumptions Share Price ($/sh.) Fully Diluted Shares Outstanding (MM) Net Debt FY+ 1 Normalized Net Earnings FY + 1 Normalized Cash Flow Amazon Acquirer $3,099.40 518 $66,884 $23,688 $69,825 Snap Target $44.29 1,734 -$496 -$581 $334 Pro Forma Adjustment FY+ 1 Normalized Net Earnings FY + 1 Normalized Cash Flow Pro-Forma Net Debt -$3,134 $642 $85,595 The effect of the transaction on FY + 1 EPS for Amazon Inc. is as follows Accretive by 3.28% Dilutive by 3.28% Accretive by 19.57% Dilutive by 19.57%
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