Amazon.com 2012 Annual Report Download - page 24

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Item 6. Selected Consolidated Financial Data
The following selected consolidated financial data should be read in conjunction with the consolidated
financial statements and the notes thereto in Item 8 of Part II, “Financial Statements and Supplementary Data,”
and the information contained in Item 7 of Part II, “Management’s Discussion and Analysis of Financial
Condition and Results of Operations.” Historical results are not necessarily indicative of future results.
Year Ended December 31,
2012 2011 2010 2009 2008
(in millions, except per share data)
Statements of Operations:
Net sales $61,093 $48,077 $34,204 $24,509 $19,166
Income from operations 676 862 1,406 1,129 842
Net income (loss) (39) 631 1,152 902 645
Basic earnings per share (1) $ (0.09) $ 1.39 $ 2.58 $ 2.08 $ 1.52
Diluted earnings per share (1) $ (0.09) $ 1.37 $ 2.53 $ 2.04 $ 1.49
Weighted average shares used in computation of earnings
per share:
Basic 453 453 447 433 423
Diluted 453 461 456 442 432
Statements of Cash Flows:
Net cash provided by operating activities $ 4,180 $ 3,903 $ 3,495 $ 3,293 $ 1,697
Purchases of property and equipment, including internal-use
software and website development (3,785) (1,811) (979) (373) (333)
Free cash flow (2) $ 395 $ 2,092 $ 2,516 $ 2,920 $ 1,364
December 31,
2012 2011 2010 2009 2008
(in millions)
Balance Sheets:
Total assets $32,555 $25,278 $18,797 $13,813 $ 8,314
Total long-term obligations 5,361 2,625 1,561 1,192 896
(1) For further discussion of earnings per share, see Item 8 of Part II, “Financial Statements and Supplementary
Data—Note 1—Description of Business and Accounting Policies.”
(2) Free cash flow, a non-GAAP financial measure, is defined as net cash provided by operating activities less
purchases of property and equipment, including capitalized internal-use software and website development,
both of which are presented on our consolidated statements of cash flows. See Item 7 of Part II,
“Management’s Discussion and Analysis of Financial Condition and Results of Operations—Results of
Operations—Non-GAAP Financial Measures.”
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