Amazon.com 2004 Annual Report Download - page 92

Download and view the complete annual report

Please find page 92 of the 2004 Amazon.com annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

AMAZON.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Year Ended December 31, 2002:
North
America International Consolidated
Net sales .................................................. $2,761,457 $1,171,479 $3,932,936
Cost of sales ............................................... 2,020,472 919,846 2,940,318
Gross profit ................................................ 740,985 251,633 992,618
Direct segment operating expenses .............................. 561,318 251,198 812,516
Segment operating income .................................... 179,667 435 180,102
Stock-based compensation .................................... 68,927
Other operating income ....................................... 47,051
Income from operations ...................................... 64,124
Total non-operating expense, net ............................... 214,757
Provision for income taxes, net ................................. (700)
Cumulative effect of change in accounting principle ................ (801)
Net loss ................................................... $ (149,132)
Net sales shipped to customers outside of the U.S. represented approximately 49%, 43%, and 35% of net
sales for 2004, 2003, and 2002. Net sales from www.amazon.co.uk,www.amazon.de,and www.amazon.co.jp each
represented 10% or more of consolidated net sales in 2004, and net sales from www.amazon.co.uk and
www.amazon.de each represented 10% or more of consolidated net sales in 2003 and 2002. Net fixed assets held
in locations outside the U.S. were $57 million, $45 million, and $44 million at December 31, 2004, 2003, and
2002.
Total assets, by segment, reconciled to consolidated amounts were (in thousands):
December 31,
2004 2003 2002
North America ........................... $1,921,686 $1,276,300 $1,525,038
International ............................ 1,326,822 885,733 465,411
Consolidated ........................ $3,248,508 $2,162,033 $1,990,449
Depreciation expense, by segment, was as follows (in thousands):
North
America International Consolidated
2004 ..................................... $63,173 $11,490 $74,663
2003 ..................................... 59,558 10,186 69,744
2002 ..................................... 67,036 9,625 76,661
84