Unearned Revenue for Amazon.com (AMZN)

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Amazon.com (AMZN)

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AMZN » Topics » Unearned Revenue

This excerpt taken from the AMZN 10-K filed Jan 29, 2010.

Unearned Revenue

Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized over the service period. Current unearned revenue is included in “Accrued expenses and other” and non-current unearned revenue is included in “Other long-term liabilities” on our consolidated balance sheets. Current unearned revenue was $511 million and $191 million at December 31, 2009 and 2008. Non-current unearned revenue was $201 million and $46 million at December 31, 2009 and 2008.

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

Unearned Revenue

Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized over the service period. Current unearned revenue is included in “Accrued expenses and other” and non-current unearned revenue is included in “Other long-term liabilities” on our consolidated balance sheets. Current unearned revenue was $255 million and $191 million at March 31, 2009 and December 31, 2008. Non-current unearned revenue was $80 million and $46 million at March 31, 2009 and December 31, 2008.

These excerpts taken from the AMZN 10-K filed Jan 30, 2009.

Unearned Revenue

Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized over the service period. Current unearned revenue is included in “Accrued expenses and other” and non-current unearned revenue is included in “Other long-term liabilities” on our consolidated balance sheets. Current unearned revenue was $191 million and $91 million at December 31, 2008 and 2007. Non-current unearned revenue was $46 million and $19 million at December 31, 2008 and 2007.

Unearned Revenue

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized over the service period.
Current unearned revenue is included in “Accrued expenses and other” and non-current unearned revenue is included in “Other long-term liabilities” on our consolidated balance sheets. Current unearned revenue was $191 million and
$91 million at December 31, 2008 and 2007. Non-current unearned revenue was $46 million and $19 million at December 31, 2008 and 2007.

SIZE="2">Income Taxes

Income tax expense includes U.S. and international income taxes. We do not provide for U.S. taxes on our
undistributed earnings of foreign subsidiaries, totaling $328 million at December 31, 2008, since we intend to invest such undistributed earnings indefinitely outside of the U.S. If such amounts were repatriated, determination of the amount of
U.S. income taxes that would be incurred is not practicable due to the complexities associated with this calculation.

Deferred income tax
balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax bases and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered. At
December 31, 2008, our deferred tax assets, net of deferred tax liabilities and valuation allowance, were $349 million, which includes $165 million relating to net operating loss carryforwards that were primarily attributed to stock-based
compensation. The majority of our net operating loss carryforwards begin to expire in 2021 and thereafter.

SFAS No. 109,
Accounting for Income Taxes, requires that deferred tax assets be evaluated for future realization and reduced by a valuation allowance to the extent we believe a portion will not be realized. We consider many factors when assessing the
likelihood of future realization of our deferred tax assets, including our recent cumulative earnings experience and expectations of future taxable income by taxing jurisdiction, the carry-forward periods available to us for tax reporting purposes,
and other relevant factors. In accordance with SFAS No. 109, we allocate our valuation allowance to current and long-term deferred tax assets on a pro-rata basis.

FACE="Times New Roman" SIZE="2">Effective January 1, 2007, we adopted the provisions of FIN No. 48, Accounting for Uncertainty in Income Taxes—an Interpretation of FASB Statement No. 109. FIN 48 contains a two-step
approach to recognizing and measuring uncertain tax positions (tax contingencies) accounted for in accordance with SFAS No. 109. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence
indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount which is more than 50%
likely of being realized upon ultimate settlement. We consider many factors when evaluating and estimating our tax positions and tax benefits, which may require periodic adjustments and which may not accurately forecast actual outcomes. Our
policy is to include interest and penalties related to our tax contingencies in income tax expense. Implementation of FIN 48 was not material.

AMAZON.COM, INC.

FACE="Times New Roman" SIZE="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

This excerpt taken from the AMZN 10-Q filed Oct 22, 2008.

Unearned Revenue

Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized over the service period. Current unearned revenue is included in “Accrued expenses and other” and non-current unearned revenue is included in “Other long-term liabilities” on our consolidated balance sheets. Current unearned revenue was $158 million and $91 million at September 30, 2008 and December 31, 2007. Non-current unearned revenue was $41 million and $19 million at September 30, 2008 and December 31, 2007.

This excerpt taken from the AMZN 10-Q filed Jul 25, 2008.

Unearned Revenue

Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized over the service period. Current unearned revenue is included in “Accrued expenses and other” and non-current unearned revenue is included in “Other long-term liabilities” on our consolidated balance sheets. Current unearned revenue was $138 million and $91 million at June 30, 2008 and December 31, 2007. Non-current unearned revenue was $28 million and $19 million at June 30, 2008 and December 31, 2007.

This excerpt taken from the AMZN 10-Q filed Apr 25, 2008.

Unearned Revenue

Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized over the service period. Current unearned revenue is included in “Accrued expenses and other” and non-current unearned revenue is included in “Other long-term liabilities” on our consolidated balance sheets. Current unearned revenue was $120 million and $91 million at March 31, 2008 and December 31, 2007. Noncurrent deferred revenue was $25 million and $19 million at March 31, 2008 and December 31, 2007.

These excerpts taken from the AMZN 10-K filed Feb 11, 2008.

Unearned Revenue

Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized over the service period. Current unearned revenue is included in “Accrued expenses and other” and non-current unearned revenue is included in “Other long-term liabilities” on our consolidated balance sheets. Current unearned revenue was $91 million and $78 million at December 31, 2007 and 2006.

Unearned Revenue

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized over the service period.
Current unearned revenue is included in “Accrued expenses and other” and non-current unearned revenue is included in “Other long-term liabilities” on our consolidated balance sheets. Current unearned revenue was $91 million and
$78 million at December 31, 2007 and 2006.

This excerpt taken from the AMZN 10-Q filed Oct 25, 2007.

Unearned Revenue

Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized over the service period. Current unearned revenue is included in “Accrued expenses and other” and non-current unearned revenue is included in “Other long-term liabilities” on our consolidated balance sheets. Current unearned revenue was $86 million and $78 million at September 30, 2007 and December 31, 2006. Non-current unearned revenue was $15 million at September 30, 2007; at December 31, 2006 these amounts were not significant.

This excerpt taken from the AMZN 10-Q filed Jul 26, 2007.

Unearned Revenue

Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized ratably over the service period. Current unearned revenue is included in “Accrued expenses and other” and non-current unearned revenue is included in “Other long-term liabilities” on our consolidated balance sheets. Current unearned revenue was $77 million and $78 million at June 30, 2007 and December 31, 2006. Non-current unearned revenue was $15 million at June 30, 2007; at December 31, 2006 these amounts were not significant.

This excerpt taken from the AMZN 10-Q filed Apr 26, 2007.

Unearned Revenue

Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized ratably over the service period. Unearned revenue was $77 million and $78 million at March 31, 2007 and December 31, 2006. These amounts are included in “Accrued expenses and other” on our consolidated balance sheets.

This excerpt taken from the AMZN 10-K filed Feb 16, 2007.

Unearned Revenue

Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized ratably over the service period. Unearned revenue was $78 million and $48 million at December 31, 2006 and 2005. These amounts are included in “Accrued expenses and other” on our consolidated balance sheets.

This excerpt taken from the AMZN 10-Q filed Oct 26, 2006.

Unearned Revenue

Unearned revenue is recorded when payments are received or currently due in advance of performing our service obligations and is recognized ratably over the service period. Unearned revenue was $57 million and $48 million at September 30, 2006 and December 31, 2005. These amounts are included in “Accrued expenses and other current liabilities” on our consolidated balance sheets.

This excerpt taken from the AMZN 10-Q filed Jul 27, 2006.

Unearned Revenue

Unearned revenue is recorded when payments are received or currently due in advance of performing our service obligations and is recognized ratably over the service period. Unearned revenue was $53 million and $48 million at June 30, 2006 and December 31, 2005. These amounts are included in “Accrued expenses and other current liabilities” on our consolidated balance sheets.

AMAZON.COM, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

(unaudited)

This excerpt taken from the AMZN 10-Q filed Apr 27, 2006.

Unearned Revenue

Unearned revenue is recorded when payments are received or currently due in advance of performing our service obligations and is recognized ratably over the service period. Unearned revenue was $54 million and $48 million at March 31, 2006 and December 31, 2005. These amounts are included in “Accrued expenses and other current liabilities” on our consolidated balance sheets.

This excerpt taken from the AMZN 10-K filed Feb 17, 2006.

Unearned Revenue

Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized ratably over the service period. Unearned revenue was $48 million and $41 million at December 31, 2005 and 2004. These amounts are included in “Accrued expenses and other current liabilities” on the consolidated balance sheets.

This excerpt taken from the AMZN 10-K filed Mar 11, 2005.

Unearned Revenue

Unearned revenue is recorded when payments are received in advance of performing our service obligations and is amortized ratably over the service period. An example of unearned revenue is cash received from third parties under certain Merchants@ agreements for which we provide the services over time.

Amazon.com (AMZN)

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