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AMZN » Topics » Effect of Exchange Rates

This excerpt taken from the AMZN 10-Q filed Apr 24, 2009.

Effect of Exchange Rates

The effect on our consolidated statements of operations from changes in exchange rates versus the U.S. Dollar is as follows (in millions, except per share data):

 

     Three Months Ended March 31,
     2009    2008
     At Prior
Year
Rates (1)		    Exchange
Rate
Effect (2)		     As
Reported		    At Prior
Year
Rates (1)		    Exchange
Rate
Effect (2)		    As
Reported

Net sales

    $ 5,157    $ (268 )   $ 4,889    $ 3,950    $ 185    $ 4,135

Gross profit

      1,213      (65 )     1,148      921      35      956

Operating expenses

      937      (33 )     904      736      22      758

Income from operations

      276      (32 )     244      184      14      198

Net interest income (expense) and other (3)

      1      3       4      6      3      9

Net income

      198      (21 )     177      132      11      143

Diluted earnings per share

    $ 0.46    $ (0.05 )   $ 0.41    $ 0.31    $ 0.03    $ 0.34

 

(1) Represents the outcome that would have resulted had exchange rates in the reported period been the same as those in effect in the comparable prior year period for operating results, and if we did not incur the variability associated with remeasurements for our 6.875% PEACS and intercompany balances.
(2) Represents the increase or decrease in reported amounts resulting from changes in exchange rates from those in effect in the comparable prior year period for operating results, and if we did not incur the variability associated with remeasurements for our 6.875% PEACS and intercompany balances.
(3) Includes foreign-currency gains and losses on cross-currency investments, remeasurement of 6.875% PEACS and intercompany balances.
This excerpt taken from the AMZN 10-K filed Mar 11, 2005.

Effect of Exchange Rates

 

The effect on our consolidated statements of operations from changes in exchange rates versus the U.S. Dollar is as follows:

 

     Year Ended December 31,
  
     2004
     2003
     2002
  
    

(in thousands, except

per share amounts)

  

Exchange-rate effect on (1):

                         

Net sales

    $ 275,653     $ 232,370     $ 46,950  

Gross profit

      52,183       46,392       9,930  

Operating expenses

      32,011       32,054       6,039  

Operating income

      20,172       14,338       3,891  

Net interest expense and other

      8,801       11,135       2,393  

Remeasurements and other (2)

      15,023       98,729       100,879  

Net income (loss)

      (3,652 )     (95,526 )     (99,381 )

Diluted earnings (loss) per share

    $ (0.01 )   $ (0.23 )   $ (0.26 )
(1) Represents the effect on reported results due to year-over-year changes in exchange rates. Absent year-over-year changes in exchange rates, reported amounts would have been lower (higher) by these amounts.
(2) Includes foreign-currency gains (losses) on remeasurement of 6.875% PEACS and intercompany balances, and realized currency-related gains associated with sales of Euro-denominated investments held by a U.S. functional-currency subsidiary. See Item 8 of Part II, “Financial Statements and Supplementary Data—Note 10—Remeasurements and Other.”

 

EXCERPTS ON THIS PAGE:

10-Q
Apr 24, 2009
10-K
Mar 11, 2005

RELATED TOPICS for AMZN:

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