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This excerpt taken from the AMZN 10-K filed Jan 29, 2010. Note 6—OTHER LONG-TERM LIABILITIES Our other long-term liabilities are summarized as follows:
Tax Contingencies As of December 31, 2009 and 2008, we have provided tax reserves for tax contingencies, inclusive of accrued interest and penalties, of approximately $202 million and $144 million for U.S. and foreign income taxes. These contingencies primarily relate to transfer pricing, state income taxes, and research and development credits. See “Note 10—Income Taxes” for discussion of tax contingencies.
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Table of ContentsAMAZON.COM, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Capital Leases Certain of our equipment fixed assets, primarily related to technology infrastructure, have been acquired under capital leases. Long-term capital lease obligations are as follows:
Construction Liabilities We capitalize construction in progress and record a corresponding long-term liability for certain lease agreements, including our Seattle, Washington corporate office space subject to leases scheduled to begin upon completion of development between 2010 and 2013. For build-to-suit lease arrangements where we are involved in the construction of structural improvements prior to the commencement of the lease or take some level of construction risk, we are considered the owner of the assets during the construction period. Accordingly, as the landlord incurs the construction project costs, the assets and corresponding financial obligation are recorded in “Fixed assets, net” and “Other long-term liabilities” on our consolidated balance sheet. Once the construction is completed, if the lease meets certain “sale-leaseback” criteria, we will remove the asset and related financial obligation from the balance sheet and treat the building lease as an operating lease. If upon completion of construction, the project does not meet the “sale-leaseback” criteria, the leased property will be treated as a capital lease for financial reporting purposes. The remainder of our other long-term liabilities primarily include deferred tax liabilities, unearned revenue, asset retirement obligations, and deferred rental liabilities. These excerpts taken from the AMZN 10-K filed Jan 30, 2009. Note 6—OTHER LONG-TERM LIABILITIES Our other long-term liabilities are summarized as follows:
Tax Contingencies As of December 31, 2008 and 2007, we have provided tax reserves for tax contingencies of approximately $144 million and $98 million for U.S. and foreign income taxes, which primarily relate to restructuring of certain foreign operations and intercompany pricing between our subsidiaries. See “Note 12—Income Taxes” for discussion of tax contingencies. Capital Leases Certain of our equipment fixed assets, primarily related to technology, have been acquired under capital leases. Long-term capital lease obligations were as follows:
Construction Liabilities We capitalize construction in progress and record a corresponding long-term liability for certain lease agreements, including our Seattle, Washington corporate office space subject to leases scheduled to begin in 2010 and 2011. In accordance with EITF No. 97-10, for build-to-suit lease arrangements where we are involved in the construction of structural improvements prior to the commencement of the lease or take some level of construction risk, we are considered the owner of the assets during the construction period under U.S. GAAP.
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Table of ContentsAMAZON.COM, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Accordingly, as the landlord incurs the construction project costs, the assets and corresponding financial obligation are recorded in “Fixed assets, net” and “Other long-term liabilities” on our consolidated balance sheet. Once the construction is completed, if the lease meets certain “sale-leaseback” criteria in accordance with SFAS No. 98, Accounting for Leases, we will remove the asset and related financial obligation from the balance sheet and treat the building lease as an operating lease. If upon completion of construction, the project does not meet the “sale-leaseback” criteria, the leased property will be treated as a capital lease for financial reporting purposes. The remainder of our other long-term liabilities primarily include deferred tax liabilities, unearned revenue, asset retirement obligations, and deferred rental liabilities. Note 6—OTHER LONG-TERM LIABILITIES
Tax Contingencies foreign income taxes, which primarily relate to restructuring of certain foreign operations and intercompany pricing between our subsidiaries. See “Note 12—Income Taxes” for discussion of tax contingencies. Certain of our
Construction Liabilities corporate office space subject to leases scheduled to begin in 2010 and 2011. In accordance with EITF No. 97-10, for build-to-suit
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The remainder of our other long-term liabilities These excerpts taken from the AMZN 10-K filed Feb 11, 2008. Note 5—OTHER LONG-TERM LIABILITIES Our other long-term liabilities are summarized as follows:
Tax Contingencies As of December 31, 2007 and 2006, we have provided tax reserves for tax contingencies of approximately $98 million and $75 million for U.S. and foreign income taxes, which primarily relate to restructuring of certain foreign operations and intercompany pricing between our subsidiaries. See “Note 12—Income Taxes” for discussion of tax contingencies. Capital Leases Certain of our equipment fixed assets, primarily related to technology, have been acquired under capital leases. Long-term capital lease obligations were as follows:
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Table of ContentsAMAZON.COM, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Construction Liability Related to Seattle Campus We capitalize construction in progress and record a corresponding long-term liability for certain lease agreements related to our Seattle, Washington corporate office space subject to leases scheduled to begin in 2010 and 2011. In accordance with EITF No. 97-10, for build-to-suit lease arrangements where we are involved in the construction of structural improvements prior to the commencement of the lease or take some level of construction risk, we are considered the owner of the assets during the construction period under generally accepted accounting principles. Accordingly, as the landlord incurs the construction project costs, the assets and corresponding financial obligation are recorded in “Fixed assets, net” and “Other long-term liabilities” on our consolidated balance sheet. Once the construction is completed, if the lease meets certain “sale-leaseback” criteria in accordance with SFAS No. 98, Accounting for Leases, we will remove the asset and related financial obligation from the balance sheet and treat the building lease as an operating lease. If upon completion of construction, the project does not meet the “sale-leaseback” criteria, the leased property will be treated as a capital lease for financial reporting purposes. The remainder of our other long-term liabilities primarily include deferred tax liabilities, unearned revenue, asset retirement obligations, and deferred rental liabilities. Note 5—OTHER LONG-TERM LIABILITIES SIZE="2">Our other long-term liabilities are summarized as follows:
Tax Contingencies foreign income taxes, which primarily relate to restructuring of certain foreign operations and intercompany pricing between our subsidiaries. See “Note 12—Income Taxes” for discussion of tax contingencies. Certain of our
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Construction Liability Related to Seattle Campus corporate office space subject to leases scheduled to begin in 2010 and 2011. In accordance with EITF No. 97-10, for build-to-suit The remainder of our other long-term liabilities primarily include deferred tax liabilities, unearned This excerpt taken from the AMZN 10-K filed Feb 16, 2007. Note 5—OTHER LONG-TERM LIABILITIES Our other long-term liabilities are summarized as follows:
Tax Contingencies As of December 31, 2006, the Company has provided tax reserves of approximately $75 million for U.S. and foreign income taxes, which primarily relate to restructuring of certain foreign operations and intercompany pricing between our subsidiaries. See “Note 12—Income Taxes” for discussion of tax contingencies. Capital Leases Certain of our equipment fixed assets, primarily related to technology, have been acquired under capital leases. Long-term capital lease obligations were as follows:
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Table of ContentsAMAZON.COM, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The remainder of our other long-term liabilities primarily include asset retirement obligations and deferred rental liabilities. | EXCERPTS ON THIS PAGE:
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