Amazon.com 2004 Annual Report Download - page 33

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Item 6. Selected Consolidated Financial Data
The following selected consolidated financial data should be read in conjunction with the consolidated
financial statements and the notes thereto in Item 8 of Part II, “Financial Statements and Supplementary Data,”
and the information contained in Item 7 of Part II, “Management’s Discussion and Analysis of Financial
Condition and Results of Operations.” Historical results are not necessarily indicative of future results.
Year Ended December 31,
2004 2003 2002 2001 2000
(in thousands, except per share data)
Net sales ........................... $6,921,124 $5,263,699 $3,932,936 $3,122,433 $ 2,761,983
Income (loss) before change in accounting
principle ......................... 588,451 35,282 (149,933) (556,754) (1,411,273)
Cumulative effect of change in accounting
principle ......................... — — 801 (10,523)
Net income (loss) .................... 588,451 35,282 (149,132) (567,277) (1,411,273)
Basic earnings per share (1):
Prior to cumulative effect of change in
accounting principal ................ $ 1.45 $ 0.09 $ (0.40) $ (1.53) $ (4.02)
Cumulative effect of change in accounting
principal ......................... — — 0.01 (0.03) —
Basic earnings per share (1) ............ $ 1.45 $ 0.09 $ (0.39) $ (1.56) $ (4.02)
Diluted earnings per share (1):
Prior to cumulative effect of change in
accounting principal ................ $ 1.39 $ 0.08 $ (0.40) $ (1.53) $ (4.02)
Cumulative effect of change in accounting
principal ......................... — — 0.01 (0.03) —
Diluted earnings per share (1) .......... $ 1.39 $ 0.08 $ (0.39) $ (1.56) $ (4.02)
Shares used in computation of earnings
(loss) per share:
Basic .............................. 405,926 395,479 378,363 364,211 350,873
Diluted ............................ 424,757 419,352 378,363 364,211 350,873
Balance Sheet and Other Data:
Total assets ......................... $3,248,508 $2,162,033 $1,990,449 $1,637,547 $ 2,135,169
Long-term debt and other .............. 1,855,319 1,945,439 2,277,305 2,156,133 2,127,464
(1) For further discussion of earnings (loss) per share, see Item 8 of Part II, “Financial Statements and
Supplementary Data—Note 1—Description of Business and Accounting Policies.”
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Forward-Looking Statements
This Annual Report on Form 10-K includes forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including
statements regarding guidance, industry prospects or future results of operations or financial position, made in
this Annual Report on Form 10-K are forward-looking. We use words such as anticipates, believes, expects,
future, intends, and similar expressions to identify forward-looking statements. Forward-looking statements
reflect management’s current expectations and are inherently uncertain. Actual results could differ materially for
avariety of reasons, including, among others, fluctuations in foreign exchange rates, changes in global economic
conditions and consumer spending, world events, the rate of growth of the Internet and online commerce, the
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