This excerpt taken from the AMZN 8-K filed Apr 26, 2005.
Operating Income
•
Our income from operations was $108 million, down from $110 million. This decrease is due to the $14 million impact resulting from our early adoption of SFAS 123(R), an $8 million
charge related to possible settlements of outstanding litigation, and a $5 million loss for fulfillment assets removed from service during first quarter 2005. These items, and other operating expense increases, were partially offset by a 24% growth
in net sales and a 27% increase in gross profit.
