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Exhibit 12.1
AMAZON.COM, INC
RATIO OF EARNINGS TO FIXED CHARGES
SIX MONTHS NINE MONTHS Year Ended
ENDED ENDED -------------------------
Jun-99 Sep-99 Dec-98 Dec-97
--------- --------- --------- ---------
Net loss $(199,675) $(396,755) $(124,546) $ (31,020)
Equity in losses of equity-method investees 13,517 36,876 2,905 --
--------- --------- --------- ---------
Net loss before equity in losses of equity-method investees (186,158) (359,879) (121,641) (31,020)
--------- --------- --------- ---------
Plus fixed charges:
Interest expense including amortization 44,954 18,017 26,639 326
of debt issuance costs
Assumed interest element included in
rent expense (1) 1,375 2,752 2,833 700
--------- --------- --------- ---------
46,329 20,769 29,472 1,026
--------- --------- --------- ---------
Adjusted earnings (loss) (139,829) (339,110) (92,169) (29,994)
Fixed charges (46,329) (20,769) (29,472) (1,026)
--------- --------- --------- ---------
$(186,158) $(359,879) $(121,641) $ (31,020)
========= ========= ========= =========
PERIOD FROM
JULY 5, 1994
Year Ended (INCEPTION) TO
------------------------- DECEMBER 31,
Dec-96 Dec-95 1994
--------- --------- ---------
Net loss $ (6,246) $ (303) $ (52)
Equity in losses of equity-method investees -- -- --
--------- --------- ---------
Net loss before equity in losses of equity-method investees (6,246) (303) (52)
--------- --------- ---------
Plus fixed charges:
Interest expense including amortization 5 -- --
of debt issuance costs
Assumed interest element included in
rent expense (1) 90 4 --
--------- --------- ---------
95 4 --
--------- --------- ---------
Adjusted earnings (loss) (6,151) (299) (52)
Fixed charges (95) (4) --
--------- --------- ---------
$ (6,246) $ (303) $ (52)
========= ========= =========
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(1) total rent expense for the period times the Company's estimated incremental
borrowing rate. This is the portion of rental expense which the Company
believes to be representative of interest cost.
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