Amazon.com 2004 Annual Report Download - page 91
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AMAZON.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Information on reportable segments and reconciliation to consolidated net income (loss) is as follows (in
thousands):
Year Ended December 31, 2004:
North
America International Consolidated
Net sales .................................................. $3,847,344 $3,073,780 $6,921,124
Cost of sales ............................................... 2,823,792 2,495,335 5,319,127
Gross profit ................................................ 1,023,552 578,445 1,601,997
Direct segment operating expenses .............................. 702,676 409,158 1,111,834
Segment operating income .................................... 320,876 169,287 490,163
Stock-based compensation .................................... 57,702
Other operating income ....................................... (7,964)
Income from operations ...................................... 440,425
Total non-operating expense, net ............................... 84,555
Benefit from income taxes, net ................................. (232,581)
Net income ................................................ $ 588,451
Year Ended December 31, 2003:
North
America International Consolidated
Net sales .................................................. $3,258,413 $2,005,286 $5,263,699
Cost of sales ............................................... 2,391,749 1,614,782 4,006,531
Gross profit ................................................ 866,664 390,504 1,257,168
Direct segment operating expenses .............................. 583,619 312,311 895,930
Segment operating income .................................... 283,045 78,193 361,238
Stock-based compensation .................................... 87,751
Other operating expenses ..................................... 2,892
Income from operations ...................................... 270,595
Total non-operating expense, net ............................... 231,607
Provision for income taxes, net ................................. 3,706
Net income ................................................ $ 35,282
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