Compute the Actual Internal Growth Rate for 2017.

Actual Financial Statements 2012 2013 2014 2015 2016 2012 ASSETS Current assets: Cash and cash equivalents Marketable securities Inventories Accounts receivable, net and other Total current assets Non-Current assets: Property and equipment, net Goodwill Other assets Total non-current assets Total assets $8,084 $8,658 $14,557 $15,890 $19,334 3,364 3,789 2,859 3,918 6,647 6,031 7,411 8,299 10,243 11,461 3,817 4,767 5,612 6,423 8,339 21,296 24,625 31,327 36,474 45,781 $20,522 10,464 16,047 13,164 60,197 7,060 10,949 16,967 21,838 29,114 48,866 2,552 2,655 3,319 3,759 3,784 13,350 1,647 1,930 2,892 3,373 4,723 8,897 11,259 15,534 23,178 28,970 37,621 71,113 $32,555 $13,159 $54,505 $65,444 $83,402 $131,310 2 3 LIABILITIES AND STOCKHOLDERS? EQUITY Current liabilities: Accounts payable Accrued expenses and other Current Maturities on Long-Term Debt Notes Payable - Current 6 Total current liabilities Non-Current liabilities: 28 Long-term debt Other long-term liabilities Commitments and contingencies (Note 7) 31 Total non-current liabilities 32 Total Liabilities $13,318 $15,133 $16,459 $20,397 $25,309 4,892 6,688 9,807 10,384 13,739 579 753 1,520 238 1,056 792 1,159 1,823 3,118 4,768 19,581 23,733 29,609 34,137 44,872 $34,616 18,170 100 5,097 57,983 3,084 1,698 3,191 3,489 29 30 8,265 1,881 4,009 14,155 43,764 8,235 5,679 4,009 17,923 52,060 7,694 5,138 6,413 19,245 64,117 24,743 6,728 14,147 45,618 103,601 4,782 24,363 6,680 30,413 Actual Financial Statements 2012 2013 51,733.00 60,903.00 9,360.00 13,549.00 61,093.00 74,452.00 2014 70,080.00 18,908.00 88,988.00 2015 79,268.00 27,738.00 107,006.00 2016 94,665.00 41,322.00 135,987.00 2017 118,573.00 59,293.00 177,866.00 Net product sales Net service sales Total net sales Operating expenses Cost of sales Gross Profit Fulfillment Marketing Technology and content General and administrative Other operating expense, net Total operating expenses Operating income Interest income Interest expense Other income (expense), net Total non-operating income (expense) Income before income taxes Provision for income taxes Equity method investment activity, net of tax 45,971.00 5,762.00 6,419.00 2,408.00 4,564.00 896.00 159.00 14,446.00 676.00 40.00 (92.00) (80.00) (132.00) 544.00 (428.00) (155.00) 54,181.00 6,722.00 8,585.00 3,133.00 6,565.00 1,129.00 114.00 19,526.00 745.00 38.00 (141.00) (136.00) (239.00) 506.00 (161.00) (71.00) 62,752.00 7,328.00 10,766.00 4,332.00 9,275.00 1,552.00 133.00 26,058.00 178.00 39.00 (210.00) (118.00) (289.00) (111.00) (167.00) 37.00 71,651.00 7,617.00 13,410.00 5,254.00 12,540.00 1,747.00 171.00 33,122.00 2,233.00 50.00 (459.00) (256.00) (665.00) 1,568.00 (950.00) (22.00) 88,265.00 6,400.00 17,619.00 7,233.00 16,085.00 2,432.00 167.00 43,536.00 4,186.00 100.00 (484.00) 90.00 (294.00) 3,892.00 (1,425.00) (96.00) 111,934.00 6,639.00 25,249.00 10,069.00 22,620.00 3,674.00 214.00 61,826.00 4,106.00 202.00 (848.00) 346.00 (300.00) 3,806,00 (769.00) (4.00) (39.00) 274.00 Net Income (241.00) 596.00 2,371.00 3,033.00 Actual Financial Statements 2012 2013 2014 2015 2016 $5,269 $8,084 $8,658 $14,557 $15,890 2017 $19,334 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD (39) 274 (241) 596 2,371 3,033 2,159 3,253 4,746 6,281 8,116 11,478 15 2,119 155 2,975 160 4,215 202 12 7 OPERATING ACTIVITIES: 3 Net income 9 Adjustments to reconcile net income to 10 net cash from operating activities: Depreciation of property and equipment, 12 including internal-use software and website 1) development, and other amortization, 14 including capitalized content costs Stock-based compensation 16 Other operating expense, net Losses (gains) on sales of marketable securities, Other expense (income), net Deferred income taxes 20 Excess tax benefits from stock-based compensation 21 Changes in operating assets and liabilities: Inventories 25 Accounts receivable, net and other Accounts payable Accrued expenses and other Unearned revenue 27 Amortization of previously unearned revenue 23 Net cash provided by (used in) operating activities 833 154 (9) 253 (265) (429) 1,134 114 1 166 (156) (78) 1,497 129 (3) 62 (316) (6) (292) 28 250 81 (20) (246) (29) 19 22 (999) (861) 2,070 1,038 1,796 11,521) 4,180 (1,410) (846) 1,888 736 2,691 (2,292) 5,475 (1,193) (1,039) 1,759 706 4,433 (3,692) 6,842 (2,187) (1,755) 4,294 913 1,292 20 (1,426) (3,367) 5,030 1,724 1,955 (3,583) (4,786) 7,175 283 738 25 26 12,039 17,272 18,434 1,292 1,955 738 Unearned revenue Amortization of previously unearned revenue Net cash provided by (used in) operating activities 1,796 (1,521) 4,180 2,691 (2,292) 5,475 4,433 (3,692) 6,842 12,039 17,272 18,434 (3,785) (3,444) (4,893) (5,387) 17,804) (11,955) INVESTING ACTIVITIES: Purchases of property and equipment, including internal-use software and website development Proceeds from property and equipment incentives Acquisitions, net of cash acquired, and other 798 (795) 1,067 (116) 1,897 (13,972) (745) (312) (979) 4,237 (3,302) (3,595) 2,306 3,349 3,025 4,733 (2,826) (2,542) (4,091) (7,756) (4,276) (5,065) (6,450) (9,876) 9,988 (13,777) (27,819) 78 6 429 (960) 3,378 (82) 394 (231) 6,359 (513) 353 (1,652) Sales and maturities of marketable securities Purchases of marketable securities 8 Net cash provided by (used in) investing activities 39 0 FINANCING ACTIVITIES: 41 Excess tax benefits from stock-based compensation 42 Common stock repurchased 41 Proceeds from long-term debt and other 44 Dividends Paid to Common Shareholders 45 other stuff 46 Principal repayments of finance lease obigations 47 4. Net cash provided by (used in) financing Activities 49 So Foreign currency effect on cash and cash equivalents 51 52 53 621 (354) 16,231 (1,372 (20) (5) (135) (121) (147) (200) 2,259 (539) 4,432 (3,882) (3,740) 9,860 (29) (86) (310) (374) (212) 713 Actual Financial Statements 2012 2013 2014 2015 2016 2012 ASSETS Current assets: Cash and cash equivalents Marketable securities Inventories Accounts receivable, net and other Total current assets Non-Current assets: Property and equipment, net Goodwill Other assets Total non-current assets Total assets $8,084 $8,658 $14,557 $15,890 $19,334 3,364 3,789 2,859 3,918 6,647 6,031 7,411 8,299 10,243 11,461 3,817 4,767 5,612 6,423 8,339 21,296 24,625 31,327 36,474 45,781 $20,522 10,464 16,047 13,164 60,197 7,060 10,949 16,967 21,838 29,114 48,866 2,552 2,655 3,319 3,759 3,784 13,350 1,647 1,930 2,892 3,373 4,723 8,897 11,259 15,534 23,178 28,970 37,621 71,113 $32,555 $13,159 $54,505 $65,444 $83,402 $131,310 2 3 LIABILITIES AND STOCKHOLDERS? EQUITY Current liabilities: Accounts payable Accrued expenses and other Current Maturities on Long-Term Debt Notes Payable - Current 6 Total current liabilities Non-Current liabilities: 28 Long-term debt Other long-term liabilities Commitments and contingencies (Note 7) 31 Total non-current liabilities 32 Total Liabilities $13,318 $15,133 $16,459 $20,397 $25,309 4,892 6,688 9,807 10,384 13,739 579 753 1,520 238 1,056 792 1,159 1,823 3,118 4,768 19,581 23,733 29,609 34,137 44,872 $34,616 18,170 100 5,097 57,983 3,084 1,698 3,191 3,489 29 30 8,265 1,881 4,009 14,155 43,764 8,235 5,679 4,009 17,923 52,060 7,694 5,138 6,413 19,245 64,117 24,743 6,728 14,147 45,618 103,601 4,782 24,363 6,680 30,413 Actual Financial Statements 2012 2013 51,733.00 60,903.00 9,360.00 13,549.00 61,093.00 74,452.00 2014 70,080.00 18,908.00 88,988.00 2015 79,268.00 27,738.00 107,006.00 2016 94,665.00 41,322.00 135,987.00 2017 118,573.00 59,293.00 177,866.00 Net product sales Net service sales Total net sales Operating expenses Cost of sales Gross Profit Fulfillment Marketing Technology and content General and administrative Other operating expense, net Total operating expenses Operating income Interest income Interest expense Other income (expense), net Total non-operating income (expense) Income before income taxes Provision for income taxes Equity method investment activity, net of tax 45,971.00 5,762.00 6,419.00 2,408.00 4,564.00 896.00 159.00 14,446.00 676.00 40.00 (92.00) (80.00) (132.00) 544.00 (428.00) (155.00) 54,181.00 6,722.00 8,585.00 3,133.00 6,565.00 1,129.00 114.00 19,526.00 745.00 38.00 (141.00) (136.00) (239.00) 506.00 (161.00) (71.00) 62,752.00 7,328.00 10,766.00 4,332.00 9,275.00 1,552.00 133.00 26,058.00 178.00 39.00 (210.00) (118.00) (289.00) (111.00) (167.00) 37.00 71,651.00 7,617.00 13,410.00 5,254.00 12,540.00 1,747.00 171.00 33,122.00 2,233.00 50.00 (459.00) (256.00) (665.00) 1,568.00 (950.00) (22.00) 88,265.00 6,400.00 17,619.00 7,233.00 16,085.00 2,432.00 167.00 43,536.00 4,186.00 100.00 (484.00) 90.00 (294.00) 3,892.00 (1,425.00) (96.00) 111,934.00 6,639.00 25,249.00 10,069.00 22,620.00 3,674.00 214.00 61,826.00 4,106.00 202.00 (848.00) 346.00 (300.00) 3,806,00 (769.00) (4.00) (39.00) 274.00 Net Income (241.00) 596.00 2,371.00 3,033.00 Actual Financial Statements 2012 2013 2014 2015 2016 $5,269 $8,084 $8,658 $14,557 $15,890 2017 $19,334 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD (39) 274 (241) 596 2,371 3,033 2,159 3,253 4,746 6,281 8,116 11,478 15 2,119 155 2,975 160 4,215 202 12 7 OPERATING ACTIVITIES: 3 Net income 9 Adjustments to reconcile net income to 10 net cash from operating activities: Depreciation of property and equipment, 12 including internal-use software and website 1) development, and other amortization, 14 including capitalized content costs Stock-based compensation 16 Other operating expense, net Losses (gains) on sales of marketable securities, Other expense (income), net Deferred income taxes 20 Excess tax benefits from stock-based compensation 21 Changes in operating assets and liabilities: Inventories 25 Accounts receivable, net and other Accounts payable Accrued expenses and other Unearned revenue 27 Amortization of previously unearned revenue 23 Net cash provided by (used in) operating activities 833 154 (9) 253 (265) (429) 1,134 114 1 166 (156) (78) 1,497 129 (3) 62 (316) (6) (292) 28 250 81 (20) (246) (29) 19 22 (999) (861) 2,070 1,038 1,796 11,521) 4,180 (1,410) (846) 1,888 736 2,691 (2,292) 5,475 (1,193) (1,039) 1,759 706 4,433 (3,692) 6,842 (2,187) (1,755) 4,294 913 1,292 20 (1,426) (3,367) 5,030 1,724 1,955 (3,583) (4,786) 7,175 283 738 25 26 12,039 17,272 18,434 1,292 1,955 738 Unearned revenue Amortization of previously unearned revenue Net cash provided by (used in) operating activities 1,796 (1,521) 4,180 2,691 (2,292) 5,475 4,433 (3,692) 6,842 12,039 17,272 18,434 (3,785) (3,444) (4,893) (5,387) 17,804) (11,955) INVESTING ACTIVITIES: Purchases of property and equipment, including internal-use software and website development Proceeds from property and equipment incentives Acquisitions, net of cash acquired, and other 798 (795) 1,067 (116) 1,897 (13,972) (745) (312) (979) 4,237 (3,302) (3,595) 2,306 3,349 3,025 4,733 (2,826) (2,542) (4,091) (7,756) (4,276) (5,065) (6,450) (9,876) 9,988 (13,777) (27,819) 78 6 429 (960) 3,378 (82) 394 (231) 6,359 (513) 353 (1,652) Sales and maturities of marketable securities Purchases of marketable securities 8 Net cash provided by (used in) investing activities 39 0 FINANCING ACTIVITIES: 41 Excess tax benefits from stock-based compensation 42 Common stock repurchased 41 Proceeds from long-term debt and other 44 Dividends Paid to Common Shareholders 45 other stuff 46 Principal repayments of finance lease obigations 47 4. Net cash provided by (used in) financing Activities 49 So Foreign currency effect on cash and cash equivalents 51 52 53 621 (354) 16,231 (1,372 (20) (5) (135) (121) (147) (200) 2,259 (539) 4,432 (3,882) (3,740) 9,860 (29) (86) (310) (374) (212) 713