AmazonAMZN

Hyperscaler

AWS rents the floor the buildout stands on, and the Anthropic stake hedges the model layer. The retail business pays for the patience.

Member of the US AI 100

Form 10-K

Annual report, period ended Dec 31, 2010

Filed with the SEC on Jan 28, 2011

EX-12.1 2 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12.1

Ratio of Earnings to Fixed Charges


	Year Ended December 31,
	2010			2009			2008			2007			2006
	(in millions)
Income before income taxes	$	1,497		$	1,161		$	901		$	660		$	377
Plus fixed charges:
Interest expense including amortization of debt issuance costs		39			34			71			77			78
Assumed interest element included in rent expense		27			21			21			17			16

		66			55			92			94			94

Adjusted earnings		1,563			1,216			993			754			471
Fixed charges		(66	)		(55	)		(92	)		(94	)		(94	)

Excess of earnings to cover fixed charges	$	1,497		$	1,161		$	901		$	660		$	377

Ratio of earnings to fixed charges (1)		23.68			22.29			10.84			8.02			5.01

(1)	The ratio of earnings to fixed charges is computed by dividing (i) income before income taxes and losses from equity interests, plus fixed charges by (ii) fixed charges.