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EX-21.1 - LIST OF SIGNIFICANT SUBSIDIARIES - AMAZON COM INCamzn-20151231xex211.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - AMAZON COM INCamzn-20151231xex231.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - AMAZON COM INCamzn-20151231xex311.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - AMAZON COM INCamzn-20151231xex322.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - AMAZON COM INCamzn-20151231xex321.htm
10-K - FORM 10-K - AMAZON COM INCamzn-20151231x10k.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - AMAZON COM INCamzn-20151231xex312.htm


Exhibit 12.1
Ratio of Earnings to Fixed Charges
(in millions)
 
 
 
Year Ended December 31,
 
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings available for fixed charges:
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes
 
$
1,568

 
$
(111
)
 
$
506

 
$
544

 
$
934

Fixed charges, excluding capitalized interest
 
547

 
283

 
197

 
133

 
108

Total earnings available for fixed charges
 
$
2,115

 
$
172

 
$
703

 
$
677

 
$
1,042

 
 
 

 
 

 
 

 
 

 
 

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest and debt expense (1)
 
$
484

 
$
215

 
$
143

 
$
93

 
$
65

Assumed interest element included in rent expense
 
88

 
74

 
57

 
41

 
43

Total fixed charges
 
$
572

 
$
289

 
$
200

 
$
134

 
$
108

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges (2)
 
3.70

 

 
3.52

 
5.07

 
9.61

___________________
 
(1)
Includes amortization of debt-related expenses plus interest capitalized during the period.
(2)
In 2014, our earnings were insufficient to cover fixed charges by $117 million.