Amazon.com 2013 Annual Report Download - page 78

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67
Note 13—QUARTERLY RESULTS (UNAUDITED)
The following tables contain selected unaudited statement of operations information for each quarter of 2013 and 2012.
The following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the
periods presented. The operating results for any quarter are not necessarily indicative of results for any future period. Our
business is affected by seasonality, which historically has resulted in higher sales volume during our fourth quarter. Unaudited
quarterly results are as follows (in millions, except per share data):
Year Ended December 31, 2013 (1)
Fourth
Quarter Third
Quarter Second
Quarter First
Quarter
Net sales $ 25,587 $ 17,092 $ 15,704 $ 16,070
Income (loss) from operations $ 510 $ (25) $ 79 $ 181
Income (loss) before income taxes $ 451 $ (43) $ 17 $ 81
Provision (benefit) for income taxes $ 179 $ (12) $ 13 $ (18)
Net income (loss) $ 239 $ (41) $ (7) $ 82
Basic earnings per share $ 0.52 $ (0.09) $ (0.02) $ 0.18
Diluted earnings per share $ 0.51 $ (0.09) $ (0.02) $ 0.18
Shares used in computation of earnings per share:
Basic 458 457 456 455
Diluted 467 457 456 463
Year Ended December 31, 2012 (1)
Fourth
Quarter Third
Quarter Second
Quarter First
Quarter
Net sales $ 21,268 $ 13,806 $ 12,834 $ 13,185
Income (loss) from operations $ 405 $ (28) $ 107 $ 192
Income (loss) before income taxes $ 337 $ (22) $ 146 $ 84
Provision for income taxes $ 194 $ 83 $ 109 $ 43
Net income (loss) $ 97 $ (274) $ 7 $ 130
Basic earnings per share $ 0.21 $ (0.60) $ 0.02 $ 0.29
Diluted earnings per share $ 0.21 $ (0.60) $ 0.01 $ 0.28
Shares used in computation of earnings per share:
Basic 454 452 451 453
Diluted 461 452 458 460
___________________
(1) The sum of quarterly amounts, including per share amounts, may not equal amounts reported for year-to-date periods.
This is due to the effects of rounding and changes in the number of weighted-average shares outstanding for each
period.