Properties

Properties
As of December 31, 2012, we operated the following facilities (in thousands):

Description of Use
Square
Footage (1) Location
Lease
Expirations (1)
Owned office space 1,802 North America

Leased office space

3,236

North America
From 2013
through 2027
Leased office space

1,660

International
From 2013
through 2021





Sub-total 6,698







Owned fulfillment, datacenters, and other 339 North America

Leased fulfillment, datacenters, and other

35,261

North America
From 2013
through 2027
Owned fulfillment, datacenters, and other 22 International

Leased fulfillment, datacenters, and other

30,761

International
From 2013
through 2031





Sub-total 66,383







Total 73,081











Stock High-Low
Year ended December 31, 2011




First Quarter $ 191.60 $ 160.59
Second Quarter 206.39 175.37
Third Quarter 244.00 177.10
Fourth Quarter 246.71 166.97
Year ended December 31, 2012




First Quarter $ 209.85 $ 172.00
Second Quarter 233.84 183.65
Third Quarter 264.11 212.61
Fourth Quarter 263.11 218.18






Statement of Operations












Year Ended December 31,
2012 2011 2010 2009 2008
(in millions, except per share data)
Statements of Operations:
















Net sales $ 61,093 $ 48,077 $ 34,204 $ 24,509 $ 19,166
Income from operations 676 862 1,406 1,129 842
Net income (loss) (39 ) 631 1,152 902 645
Basic earnings per share (1) $ (0.09 ) $ 1.39 $ 2.58 $ 2.08 $ 1.52
Diluted earnings per share (1) $ (0.09 ) $ 1.37 $ 2.53 $ 2.04 $ 1.49
Weighted average shares used in computation of
earnings per share:















Basic 453 453 447 433 423
Diluted 453 461 456 442 432
Statements of Cash Flows:















Net cash provided by operating activities $ 4,180 $ 3,903 $ 3,495 $ 3,293 $ 1,697
Purchases of property and equipment, including
internal-use software and website development (3,785 ) (1,811 ) (979 ) (373 ) (333 )


Free cash flow (2) $ 395 $ 2,092 $ 2,516 $ 2,920 $ 1,364















December 31,
2012 2011 2010 2009 2008
(in millions)
Balance Sheets:















Total assets $ 32,555 $ 25,278 $ 18,797 $ 13,813 $ 8,314
Total long-term obligations
5,361 2,625 1,561 1,192 896



Cashflows
Year Ended December 31,
2012 2011 2010
Cash provided by (used in):







Operating activities $ 4,180 $ 3,903 $ 3,495
Investing activities (3,595 ) (1,930 ) (3,360 )
Financing activities 2,259 (482 ) 181





Net Sales and Sales Mix
Year Ended December 31,
2012 2011 2010
Net Sales:







North America $ 34,813 $ 26,705 $ 18,707
International 26,280 21,372 15,497


Consolidated $ 61,093 $ 48,077 $ 34,204







Year-over-year Percentage Growth:







North America 30 % 43 % 46 %
International 23 38 33
Consolidated 27 41 40
Year-over-year Percentage Growth, excluding
effect of exchange rates:







North America 30 % 43 % 46 %
International 27 31 34
Consolidated 29 37 40
Net Sales Mix:







North America 57 % 56 % 55 %
International 43 44 45


Consolidated 100 % 100 % 100 %



Equity Investments

Equity in earnings (loss) of LivingSocial:







Impairment charges recorded by LivingSocial $ (170 ) $ $
Gain on existing equity interests, LivingSocial acquisitions 75
Operating and other losses (96 ) (178 ) (2 )


Total equity in earnings (loss) of LivingSocial (191 ) (178 ) (2 )
Other equity-method investment activity:







Amazon dilution gains on LivingSocial investment 37 114
Recovery on sale of equity position 49
Gain on existing equity interests, Amazon acquisitions 6 18
Other, net (1 ) (3 ) (9 )


Total other equity-method investment activity 36 166 9


Equity-method investment activity, net of tax $ (155 ) $ (12 ) $ 7