Amazon.com 2011 Annual Report Download - page 63

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Note 5—EQUITY-METHOD INVESTMENTS
Our equity-method investments include a 31% interest in LivingSocial. Summarized condensed financial
information for this investee, as provided to us by LivingSocial, is as follows (in millions):
Year Ended
December 31,
2011
Statement of Operations:
Revenue ........................................................... $245
Operating expense ................................................... 686
Other income (expense) ............................................... (117)
Net loss ............................................................ $(558)
December 31,
2011
Balance Sheet:
Current assets ....................................................... $156
Noncurrent assets .................................................... 285
Current liabilities .................................................... 225
Noncurrent liabilities ................................................. 21
Mandatorily redeemable stock .......................................... 199
As of December 31, 2011, the book value of our LivingSocial investment was $208 million. The summarized
financial information is included for the periods in which we held an equity method ownership interest.
Note 6—LONG-TERM LIABILITIES
Our long-term liabilities are summarized as follows:
December 31,
2011 2010
(in millions)
Long-term debt ..................................................... $ 255 $ 184
Long-term capital lease obligations ..................................... 598 276
Long-term financing lease obligations ................................... 562 181
Construction liability ................................................. 57 260
Tax contingencies ................................................... 266 243
Other ............................................................. 887 417
$2,625 $1,561
Long-term Debt
Our long-term debt had a weighted average interest rate of 5.8% and 5.5% in 2011 and 2010 and has
maturities in 2012 and 2013. Long-term debt relates to amounts borrowed to fund certain international
operations. Long-term debt obligations are as follows:
December 31, 2011
(in millions)
Debt obligations ..................................................... $384
Less current portion of debt obligation .................................... (129)
Total long-term debt obligations ......................................... $255
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