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This excerpt taken from the AMZN 10-Q filed Oct 26, 2006. Net Interest Expense The primary component of our net interest expense is the interest we incur on our long-term debt instruments, including $900 million principal balance of our 4.75% Convertible Subordinated Notes and €240 million ($304 million based on the exchange rate at September 30, 2006) of our 6.875% PEACS at September 30, 2006. Interest expense was $21 million and $22 million in Q3 2006 and Q3 2005, and $58 million and $70 million for the nine months ended September 30, 2006 and 2005, with declines primarily relating to principal repayments of our long-term debt.
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Table of ContentsAt September 30, 2006, our total long-term debt was $1.3 billion compared to $1.5 billion at December 31, 2005. See Item 1 of Part I, “Financial Statements — Note 3 — Long-Term Debt and Other.” We generally invest our excess cash in investment grade short- to intermediate-term fixed income securities and AAA-rated money market mutual funds. Our interest income corresponds with the average balance of invested funds and the prevailing rates we are earning on them, which vary depending on the geographies in which they are invested. This excerpt taken from the AMZN 10-Q filed Jul 27, 2006. Net Interest Expense The primary component of our net interest expense is the interest we incur on our long-term debt instruments, including $900 million principal balance of our 4.75% Convertible Subordinated Notes and €240 million ($307 million based on the exchange rate at June 30, 2006) of our 6.875% PEACS at June 30, 2006. Interest expense was $19 million and $22 million in Q2 2006 and Q2 2005, and $38 million and $48 million for the six months ended June 30, 2006 and 2005, with declines primarily relating to principal repayments of our long-term debt.
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Table of ContentsAt June 30, 2006, our total long-term debt was $1.3 billion compared to $1.5 billion at December 31, 2005. See Item 1 of Part I, “Financial Statements — Note 3 — Long-Term Debt and Other.” We generally invest our excess cash in investment grade short- to intermediate-term fixed income securities and AAA-rated money market mutual funds. Our interest income corresponds with the average balance of invested funds and the prevailing rates we are earning on them, which vary depending on the geographies in which they are invested. This excerpt taken from the AMZN 10-Q filed Apr 27, 2006. Net Interest Expense The primary component of our net interest expense is the interest we incur on our long-term debt instruments, including $900 million principal balance of our 4.75% Convertible Subordinated Notes and €240 million ($291 million based on the exchange rate at March 31, 2006) of our 6.875% PEACS at March 31, 2006. Interest expense was $21 million and $26 million in Q1 2006 and Q1 2005, with declines primarily relating to principal repayments of our long-term debt. At March 31, 2006, our total long-term debt was $1.3 billion compared to $1.5 billion at December 31, 2005. See Item 1 of Part I, “Financial Statements — Note 3 — Long-Term Debt and Other.” We generally invest our excess cash in investment grade short- to intermediate-term fixed income securities and AAA-rated money market mutual funds. Our interest income corresponds with the average balance of invested funds and the prevailing rates we are earning on them, which vary depending on the geographies in which they are invested. This excerpt taken from the AMZN 10-K filed Feb 17, 2006. Net Interest Expense
The primary component of our net interest expense is the interest we incur on our long-term debt instruments, including a $900 million principal balance of our 4.75% U.S. Convertible Subordinated Notes and a €490 million ($580 million based on the exchange rate at December 31, 2005) principal balance of our 6.875% PEACS at December 31, 2005. Interest expense was $92 million, $107 million, and $130 million in 2005, 2004, and 2003, with declines primarily relating to principal repayments of $265 million and $150 million in 2005 and 2004.
At December 31, 2005, our total long-term indebtedness was $1.52 billion compared to $1.86 billion at December 31, 2004. In February 2006, we announced plans to redeem €250 million principal of our 6.875% PEACS, which is expected to close March 7, 2006, for a cash payment of approximately $305 million (at the Euro to U.S. dollar exchange rate on January 31, 2006), which includes $1 million of interest. See Item 8 of Part II, “Financial Statements and Supplementary Data—Note 4—Long-Term Debt and Other.”
We generally invest our excess cash in investment grade short- to intermediate-term fixed income securities and AAA-rated money market mutual funds. Our interest income corresponds with the average balance of invested funds and the prevailing rates we are earning on them, which vary depending on the geographies and currencies in which they are invested.
This excerpt taken from the AMZN 10-Q filed Oct 27, 2005. Net Interest Expense
The primary component of our net interest expense is the interest we incur on our long-term debt instruments, including $900 million principal balance of our 4.75% Convertible Subordinated Notes and €490 million ($589 million based on the exchange rate at September 30, 2005) of our 6.875% PEACS at September 30, 2005. Interest expense was $22 million and $26 million in Q3 2005 and Q3 2004, and $70 million and $80 million for the three quarters ended September 30, 2005 and 2004, with declines primarily relating to principal repayments of our long-term debt.
At September 30, 2005, our total long-term debt was $1.5 billion compared to $1.8 billion at September 30, 2004. See Item 1 of Part I, “Financial Statements — Note 3 — Long-Term Debt and Other.”
We generally invest our excess cash in investment grade short- to intermediate-term fixed income securities and AAA-rated money market mutual funds. Our interest income corresponds with the average balance of invested funds and the prevailing rates we are earning on them, which vary depending on the geographies in which they are invested.
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Table of ContentsThis excerpt taken from the AMZN 10-Q filed Jul 28, 2005. Net Interest Expense
The primary component of our net interest expense is the interest we incur on our long-term debt instruments, including $900 million principal balance of our 4.75% U.S. Convertible Subordinated Notes and €490 million ($593 million based on the exchange rate at June 30, 2005) of our 6.875% PEACS at June 30, 2005, offset partially by the effect of changes in exchange rates. Interest expense was $22 million and $26 million in Q2 2005 and Q2 2004, and $48 million and $54 million for the first half of 2005 and 2004, with declines primarily relating to principal repayments of our long-term debt.
At June 30, 2005, our total long-term debt was $1.5 billion compared to $1.8 billion at June 30, 2004. See Item 1 of Part I, “Financial Statements — Note 3 — Long-Term Debt and Other.”
We generally invest our excess cash in A-rated or higher short- to intermediate-term fixed income securities and AAA-rated money market mutual funds. Our interest income corresponds with the average balance of invested funds and the prevailing rates we are earning on them, which vary depending on the geographies in which they are invested.
This excerpt taken from the AMZN 10-Q filed Apr 28, 2005. Net Interest Expense
The primary component of our net interest expense is the interest we incur on our long-term debt instruments, including $900 million principal balance of our 4.75% U.S. Convertible Subordinated Notes and €490 million ($635 million based on the exchange rate at March 31, 2005) of our 6.875% PEACS at March 31, 2005, offset partially by the effect of changes in exchange rates. Interest expense was $26 million and $28 million in Q1 2005 and Q1 2004, with declines primarily relating to principal repayments of our long-term debt.
At March 31, 2005, our total long-term debt was $1.6 billion compared to $1.8 billion at March 31, 2004. See Item 1 of Part I, “Financial Statements — Note 3 — Long-Term Debt and Other.”
We generally invest our excess cash in A-rated or higher short- to intermediate-term fixed income securities and AAA-rated money market mutual funds. Our interest income corresponds with the average balance of invested funds and the prevailing rates we are earning on them, which vary depending on the geographies in which they are invested.
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Table of ContentsThis excerpt taken from the AMZN 10-K filed Mar 11, 2005. Net Interest Expense
The primary component of our net interest expense is the interest we incur on our long-term debt instruments, including $900 million principal balance of our 4.75% U.S. Convertible Subordinated Notes and 690 million Euros ($935 million based on the exchange rate at December 31, 2004) of 6.875% PEACS at December 31, 2004. Interest expense was $107 million, $130 million, and $143 million in 2004, 2003, and 2002, with declines primarily relating to principal repayments of $150 million and $464 million in 2004 and 2003.
At December 31, 2004, our total long-term indebtedness was $1.86 billion compared to $1.95 billion a year ago. See Item 8 of Part II, “Financial Statements and Supplementary Data—Note 4—Long-Term Debt and Other.”
We generally invest our excess cash in “A” rated or higher short- to intermediate-term fixed income securities and money market mutual funds. Our interest income corresponds with the average balance of invested funds and the prevailing rates we are earning on them.
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