20 Pro-forma FY+1 EPS for Amazon Inc. is expected to be: $36.77 $50.00 $45.71 $130.33 Acquisition of Snap by Amazon Acquisition Structure Assumptions Acquisition Premium Equity Issuance Discount (to Current Price) 20% 5% 20% % Debt Financing % Equity Financing 80% Acquirer and Target Assumptions Snap Target $44.29 1,734 -$496 -$581 $334 Amazon Acquirer $3,099.40 Share Price (S/sh.) Fully Diluted Shares Outstanding (MM) 518 $66,884 $23,688 $69,825 Net Debt FY + 1 Normalized Net Earnings FY + 1 Normalized Cash Flow Pro Forma Adjustment FY + 1 Normalized Net Earnings FY + 1 Normalized Cash Flow -$3,134 $642 $85,595 Pro-Forma Net Debt

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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20
Pro-forma FY+1 EPS for Amazon Inc. is expected to be:
$36.77
$50.00
$45.71
$130.33
Acquisition of Snap by Amazon
Acquisition Structure Assumptions
Acquisition Premium
Equity Issuance Discount (to Current Price)
20%
5%
% Debt Financing
% Equity Financing
20%
80%
Acquirer and Target Assumptions
Amazon
Acquirer
$3,099.40
Snap
Target
$44.29
1,734
-$496
-$581
$334
Share Price ($/sh.)
Fully Diluted Shares Outstanding (MM)
Net Debt
518
FY + 1 Normalized Net Earnings
FY + 1 Normalized Cash Flow
$66,884
$23,688
$69,825
Pro Forma Adjustment
FY + 1 Normalized Net Earnings
FY + 1 Normalized Cash Flow
-$3,134
$642
$85,595
Pro-Forma Net Debt
Transcribed Image Text:20 Pro-forma FY+1 EPS for Amazon Inc. is expected to be: $36.77 $50.00 $45.71 $130.33 Acquisition of Snap by Amazon Acquisition Structure Assumptions Acquisition Premium Equity Issuance Discount (to Current Price) 20% 5% % Debt Financing % Equity Financing 20% 80% Acquirer and Target Assumptions Amazon Acquirer $3,099.40 Snap Target $44.29 1,734 -$496 -$581 $334 Share Price ($/sh.) Fully Diluted Shares Outstanding (MM) Net Debt 518 FY + 1 Normalized Net Earnings FY + 1 Normalized Cash Flow $66,884 $23,688 $69,825 Pro Forma Adjustment FY + 1 Normalized Net Earnings FY + 1 Normalized Cash Flow -$3,134 $642 $85,595 Pro-Forma Net Debt
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