Overstock.com Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, total net revenue was $342,034,000 against $314,077,000 a year ago. Operating income was $7,892,000 against operating loss of $2,188,000 a year ago. Income before income taxes was $9,090,000 against loss before income taxes of $3,349,000 a year ago. Net income attributable to common shares was $8,787,000 or $0.37 per basic and diluted share against net loss attributable to common shares of $3,409,000 or $0.15 per basic and diluted share a year ago.

For the full year, total net revenue was $1,099,289,000 against $1,054,277,000 a year ago. The growth in net revenue was primarily due to an increase in the average order size, which more than offset fewer customer orders due to lower conversion rates compared to last year. Operating income was $12,161,000 against operating loss of $17,534,000 a year ago. Income before income taxes was $15,154,000 against loss before income taxes of $19,580,000 a year ago. Net income attributable to common shares was $14,669,000 or $0.62 per diluted share against net loss attributable to common shares of $19,450,000 or $0.84 per basic and diluted share a year ago. Net cash provided by operating activities was $28,145,000 against $25,663,000 a year ago. Purchases of intangible assets were $6,000 against $4,000 a year ago.