Amazon.com 2013 Annual Report Download - page 47

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36
AMAZON.COM, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
Year Ended December 31,
2013 2012 2011
Net product sales $ 60,903 $ 51,733 $ 42,000
Net services sales 13,549 9,360 6,077
Total net sales 74,452 61,093 48,077
Operating expenses (1):
Cost of sales 54,181 45,971 37,288
Fulfillment 8,585 6,419 4,576
Marketing 3,133 2,408 1,630
Technology and content 6,565 4,564 2,909
General and administrative 1,129 896 658
Other operating expense (income), net 114 159 154
Total operating expenses 73,707 60,417 47,215
Income from operations 745 676 862
Interest income 38 40 61
Interest expense (141)(92)(65)
Other income (expense), net (136)(80) 76
Total non-operating income (expense) (239)(132) 72
Income before income taxes 506 544 934
Provision for income taxes (161)(428)(291)
Equity-method investment activity, net of tax (71)(155)(12)
Net income (loss) $ 274 $ (39) $ 631
Basic earnings per share $ 0.60 $ (0.09) $ 1.39
Diluted earnings per share $ 0.59 $ (0.09) $ 1.37
Weighted average shares used in computation of earnings per share:
Basic 457 453 453
Diluted 465 453 461
_____________
(1) Includes stock-based compensation as follows:
Fulfillment $ 294 $ 212 $ 133
Marketing 88 61 39
Technology and content 603 434 292
General and administrative 149 126 93
See accompanying notes to consolidated financial statements.