Exhibit 99.3
Segment Financial Information
In Q1 2016, we began allocating stock-based compensation and “Other operating expense (income), net” to our segment results. In our segment results, these amounts are combined and titled “Stock-based compensation and other.” These revised segment results reflect the way the Company evaluates its business performance and manages its operations.
Two years of historical financial information on reportable segments and reconciliation to consolidated net income (loss) using the new segment presentation is as follows (in millions):
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Year Ended | | Three Months Ended | | Year Ended |
| | December 31,
2015 | | December 31,
2015 | | September 30,
2015 | | June 30,
2015 | | March 31,
2015 | | December 31,
2014 |
| North America | | | | | | | | | | | |
| Net sales | $ | 63,708 |
| | $ | 21,501 |
| | $ | 15,006 |
| | $ | 13,796 |
| | $ | 13,406 |
| | $ | 50,834 |
|
| Segment operating expenses | 60,957 |
| | 20,498 |
| | 14,478 |
| | 13,093 |
| | 12,889 |
| | 49,542 |
|
| Segment operating income (loss) before stock-based compensation and other | 2,751 |
| | 1,003 |
| | 528 |
| | 703 |
| | 517 |
| | 1,292 |
|
| Stock-based compensation and other | 1,326 |
| | 367 |
| | 342 |
| | 355 |
| | 263 |
| | 932 |
|
| Operating income (loss) | $ | 1,425 |
| | $ | 636 |
| | $ | 186 |
| | $ | 348 |
| | $ | 254 |
| | $ | 360 |
|
| International | | | | | | | | | | | |
| Net sales | $ | 35,418 |
| | $ | 11,841 |
| | $ | 8,267 |
| | $ | 7,565 |
| | $ | 7,745 |
| | $ | 33,510 |
|
| Segment operating expenses | 35,509 |
| | 11,781 |
| | 8,323 |
| | 7,584 |
| | 7,821 |
| | 33,654 |
|
| Segment operating income (loss) before stock-based compensation and other | (91 | ) | | 60 |
| | (56 | ) | | (19 | ) | | (76 | ) | | (144 | ) |
| Stock-based compensation and other | 608 |
| | 168 |
| | 152 |
| | 170 |
| | 118 |
| | 496 |
|
| Operating income (loss) | $ | (699 | ) | | $ | (108 | ) | | $ | (208 | ) | | $ | (189 | ) | | $ | (194 | ) | | $ | (640 | ) |
| AWS | | | | | | | | | | | |
| Net sales | $ | 7,880 |
| | $ | 2,405 |
| | $ | 2,085 |
| | $ | 1,824 |
| | $ | 1,566 |
| | $ | 4,644 |
|
| Segment operating expenses | 6,017 |
| | 1,718 |
| | 1,564 |
| | 1,433 |
| | 1,301 |
| | 3,984 |
|
| Segment operating income (loss) before stock-based compensation and other | 1,863 |
| | 687 |
| | 521 |
| | 391 |
| | 265 |
| | 660 |
|
| Stock-based compensation and other | 356 |
| | 107 |
| | 93 |
| | 86 |
| | 70 |
| | 202 |
|
| Operating income (loss) | $ | 1,507 |
| | $ | 580 |
| | $ | 428 |
| | $ | 305 |
| | $ | 195 |
| | $ | 458 |
|
| Consolidated | | | | | | | | | | | |
| Net sales | $ | 107,006 |
| | $ | 35,747 |
| | $ | 25,358 |
| | $ | 23,185 |
| | $ | 22,717 |
| | $ | 88,988 |
|
| Segment operating expenses | 102,483 |
| | 33,997 |
| | 24,365 |
| | 22,110 |
| | 22,011 |
| | 87,180 |
|
| Segment operating income (loss) before stock-based compensation and other | 4,523 |
| | 1,750 |
| | 993 |
| | 1,075 |
| | 706 |
| | 1,808 |
|
Stock-based compensation and other
| 2,290 |
| | 642 |
| | 587 |
| | 611 |
| | 451 |
| | 1,630 |
|
| Operating income (loss) | 2,233 |
| | 1,108 |
| | 406 |
| | 464 |
| | 255 |
| | 178 |
|
| Total non-operating income (expense) | (665 | ) | | (170 | ) | | (159 | ) | | (102 | ) | | (234 | ) | | (289 | ) |
| Provision for income taxes | (950 | ) | | (453 | ) | | (161 | ) | | (266 | ) | | (71 | ) | | (167 | ) |
| Equity-method investment activity, net of tax | (22 | ) | | (3 | ) | | (7 | ) | | (4 | ) | | (7 | ) | | 37 |
|
| Net income (loss) | $ | 596 |
| | $ | 482 |
| | $ | 79 |
| | $ | 92 |
| | $ | (57 | ) | | $ | (241 | ) |
