EX-12.1 2 amzn-20131231xex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AMZN-2013.12.31-EX12.1


Exhibit 12.1
Ratio of Earnings to Fixed Charges
(in millions)
 
 
 
Year Ended December 31,
 
 
2013
 
2012
 
2011
 
2010
 
2009
Earnings available for fixed charges:
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
506

 
$
544

 
$
934

 
$
1,497

 
$
1,161

Fixed charges, excluding capitalized interest
 
198

 
133

 
108

 
66

 
55

Total earnings available for fixed charges
 
$
704

 
$
677

 
$
1,042

 
$
1,563

 
$
1,216

 
 
 

 
 

 
 

 
 

 
 

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest and debt expense (1)
 
$
141

 
$
92

 
$
65

 
$
39

 
$
34

Assumed interest element included in rent expense
 
57

 
41

 
43

 
27

 
21

Total Fixed charges
 
$
198

 
$
133

 
$
108

 
$
66

 
$
55

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
3.56

 
5.10

 
9.61

 
23.68

 
22.29

___________________
 
(1)
Includes amortization of debt-related expenses plus capitalized interest.