Print Page   Close Window


SEC Filings

10-K
AMAZON COM INC filed this Form 10-K on 01/30/2013
Entire Document
 


Table of Contents

We believe that cash flows generated from operations and our cash, cash equivalents, and marketable securities balances will be sufficient to meet our anticipated operating cash needs for at least the next 12 months. However, any projections of future cash needs and cash flows are subject to substantial uncertainty. See Item 1A of Part I, “Risk Factors.” We continually evaluate opportunities to sell additional equity or debt securities, obtain credit facilities, repurchase common stock, pay dividends, or repurchase, refinance, or otherwise restructure our debt for strategic reasons or to further strengthen our financial position. The sale of additional equity or convertible debt securities would likely be dilutive to our shareholders. In addition, we will, from time to time, consider the acquisition of, or investment in, complementary businesses, products, services, and technologies, which might affect our liquidity requirements or cause us to issue additional equity or debt securities. There can be no assurance that additional lines-of-credit or financing instruments will be available in amounts or on terms acceptable to us, if at all.

Results of Operations

We have organized our operations into two principal segments: North America and International. We present our segment information along the same lines that our Chief Executive Officer reviews our operating results in assessing performance and allocating resources.

Net Sales

Net sales include product and services sales. Product sales represent revenue from the sale of products and related shipping fees and digital content where we are the seller of record. Services sales represent third-party seller fees earned (including commissions) and related shipping fees, digital content subscriptions, and non-retail activities. Net sales information is as follows (in millions):

 

     Year Ended December 31,  
     2012     2011     2010  

Net Sales:

      

North America

   $ 34,813      $ 26,705      $ 18,707   

International

     26,280        21,372        15,497   
  

 

 

   

 

 

   

 

 

 

Consolidated

   $ 61,093      $ 48,077      $ 34,204   
  

 

 

   

 

 

   

 

 

 

Year-over-year Percentage Growth:

      

North America

     30     43     46

International

     23        38        33   

Consolidated

     27        41        40   

Year-over-year Percentage Growth, excluding effect of exchange rates:

      

North America

     30     43     46

International

     27        31        34   

Consolidated

     29        37        40   

Net Sales Mix:

      

North America

     57     56     55

International

     43        44        45   
  

 

 

   

 

 

   

 

 

 

Consolidated

     100     100     100
  

 

 

   

 

 

   

 

 

 

Sales increased 27%, 41%, and 40% in 2012, 2011, and 2010, compared to the comparable prior year periods. Changes in currency exchange rates impacted net sales by $(854) million, $1.1 billion, and $(86) million for 2012, 2011, and 2010. For a discussion of the effect on sales growth of exchange rates, see “Effect of Exchange Rates” below.

 

24