AMAZON COM INC (AMZN)

$ in Millions
  
2010 2011
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH,
BEGINNING OF PERIOD 3,444 3,777
OPERATING ACTIVITIES:
Net income/Loss 1,152 631
Adjustments
Depreciation to reconcile
and net income/
amortization loss to
of property andnetequipment
cash fromand
operating activities:
capitalized
content costs, operating lease assets, and other 568 1,083
Stock-based compensation 424 557
Other operating expense -income), net 106 154
Losses (gains) on sales of marketable securities, net -2 -4
Other expense -income), net -79 -56
Deferred income taxes 4 136
Excess tax benefits from stock-based compensation -259 -62
Changes in operating assets and liabilities:
Inventories -1,019 -1,777
Accounts receivable, net and other -295 -866
Accounts payable 2,373 2,997
Accrued expenses and other 740 1,067
Unearned revenue 687 1,064
Amortization of previously unearned revenue -905 -1,021
Net cash provided by -used in) operating activities 3,495 3,903

INVESTING ACTIVITIES:
Purchases of property and equipment -979 -1,811
Proceeds from property and equipment sales and incentives — —
Acquisitions, net of cash acquired, and other -352 -705
Sales and maturities of marketable securities 4,250 6,843
Purchases of marketable securities -6,279 -6,257
Net cash provided by -used in) investing activities -3,360 -1,930

FINANCING ACTIVITIES:
Excess tax benefits from stock-based compensation 259 62
Common stock repurchased -277
Proceeds from long-term debt and other 143 177
Repayments of long-term debt and other -221 -444
Principal repayments of capital lease obligations — —
Principal repayments of finance leases — —
Principal repayments of financing obligations — —
Net cash provided by -used in) financing activities 181 -482

Foreign currency effect on cash, cash equivalents, and restricted cash 17 1

Net increase -decrease) in cash, cash equivalents, and restricted cash 333 1,492
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF
PERIOD 3,777 5,269

SUPPLEMENTAL CASH FLOW INFORMATION:

Cash paid for interest on long-term debt 11 14
Cash paid for operating leases — —
Cash paid for interest on finance leases — —
Cash paid for interest on financing obligations — —
Cash paid for income taxes, net of refunds 75 33
Assets acquired under operating leases — —
Property and equipment acquired under finance/ capital leases 405 259
Property and equipment acquired under build-to-suit arrangements 172 753
 Historical Data
2012 2013 2014 2016 2016 2017 2018 2019

5,269  8,084 8,658 14,557 15,890 19,934 21,856 32,173

-39 274 -241 596 2,371 3,033 10,073 11,588

2,159 3,253 4,746 6,281 8,116 11,478 15,341 21,789

833 1,134 1,497 2,119 2,975 4,215 5,418 6,864
154 114 129 155 160 202 274 164
-9 1 — — — — — —
253 166 59 250 -20 -292 219 -249
-265 -156 -316 81 -246 -29 441 796
-429 -78 -6 -119 -829 — — —

-999 -1,410 -1,193 -2,187 -1,426 -3,583 -1,314 -3,278

-861 -846 -1,039 -1,755 -3,367 -4,780 -4,615 -7,681
2,070 1,888 1,759 4,294 5,030 7,100 3,263 8,193
1,038 736 706 913 1,724 283 472 -1,383
1,796 2,691 4,433 7,401 11,931 738 1,151 1,711
-1,521 -2,292 -3,692 -6,109 -9,976 — — —
4,180 5,475 6,842 11,920 16,443 18,365 30,723 38,514

-3,785 -3,444 -4,893 -4,589 -6,737 -11,955 -13,427 -16,861

— — — — — 1,897 2,104 4,172
-745 -312 -979 -795 -116 -13,972 -2,186 -2,461
4,237 2,306 3,349 3,025 4,733 9,677 8,240 22,681
-3,302 -2,826 -2,542 -4,091 -7,756 -12,731 -7,100 -31,812
-3,595 -4,276 -5,065 -6,450 -9,876 -27,084 -12,369 -24,281

429 78 6 119 829 — — —

-960 0 — — — — — —
3,378 394 6,359 353 621 16,228 768 2,273
-588 -1,011 -513 -1,652 -354 -1,301 -668 -2,684
— — -1,285 -2,462 -3,860 — — —
 — — — — — -4,799 -7,449 -9,628
— — -135 -121 -147 -200 -337 -27
2,259 -539 4,432 -3,763 -2,911 9,928 -7,686 -10,066

-29 -86 -310 -374 -212 713 -351 70

2,815 574 5,899 1,333 3,444 1,922 10,317 4,237

8,084 8,658 14,557 15,890 19,334 21,856 32,173 36,410

31 97 91 325 290 328 854 875

— — — — — — — 3,361
— — — — — 200 381 647
— — 86 153 206 119 194 39
112 169 177 273 412 957 1,184 881
— — — — — — — 7,870
29 877 4,008 4,717 5,704 9,637 10,615 13,723
802 1,867 920 544 1,209 3,541 3,641 1,362
2020 2021 2,022
AMAZON COM INC (AMZN)
$ in Millions His
2010 2011 2012
Net product sales 30,792 42,000 51,733
Net services sales 3,412 6,077 9,360
Total net sales 34,204 48,077 61,093
Operating expenses:
Cost of sales 26,561 37,288 45,971
Fulfillment 2,898 4,576 6,419
Marketing 1,029 1,630 2,408
Technology and content 1,734 2,909 4,564
General and administrative 470 658 896
Other operating expense (income), net 106 154 159
Total operating expenses 32,798 47,215 60,417
Income from operations 1,406 862 676
Interest income 51 61 40
Interest expense -39 -65 -92
Other income (expense), net 79 76 -80
Total non-operating income (expense) 91 72 -132
Income before income taxes 1,497 934 544
Provision for income taxes -352 -291 -428
Equity-method investment activity, net of tax 7 -12 -155
Net income/loss 1,152 631 -39

Basic earnings per share 2.58 1.39 -0.09

Diluted earnings per share 2.53 1.37 -0.09
Weighted average shares used in computation of earnings per share:
Basic 447 453 453
Diluted 456 461 453
 Historical Data
2013 2014 2015 2016 2017 2018 2019 2020
60,903 70,080 79,268 94,665 118,573 141,915 160,408
13,549 18,908 27,738 41,322 59,293 90,972 120,114
74,452 88,988 107,006 135,987 177,866 232,887 280,522

54,181 62,752 71,651 88,265 111,934 139,156 165,536

8,585 10,766 13,410 17,619 25,249 34,027 40,232
3,133 4,332 5,254 7,233 10,069 13,814 18,878
6,565 9,275 12,540 16,085 22,620 28,837 35,931
1,129 1,552 1,747 2,432 3,674 4,336 5,203
114 133 171 167 214 296 201
73,707 88,810 104,773 131,801 173,760 220,466 265,981
745 178 2,233 4,186 4,106 12,421 14,541
38 39 50 100 202 440 832
-141 -210 -459 -484 -848 -1,417 -1,600
-136 -118 -256 90 346 -183 203
-239 -289 -665 -294 -300 -1,160 -565
506 -111 1,568 3,892 3,806 11,261 13,976
-161 -167 -950 -1,425 -769 -1,197 -2,374
-71 37 -22 -96 -4 9 -14
274 -241 596 2,371 3,033 10,073 11,588

0.6 -0.52 1.28 5.01 6.32 20.68 23.46

0.59 -0.52 1.25 4.9 6.15 20.14 23.01

457 462 467 474 480 487 494

465 462 477 484 493 500 504
2021 2022
AMAZON COM INC (AMZN)
$ in Millions
Historical Data
2010 2011 2012 2013 2014
ASSETS
Current assets:
Cash and cash equivalents 3,777 5,269 8,084 8,658 14,557
Marketable securities 4,985 4,307 3,364 3,789 2,859
Inventories 3,202 4,992 6,031 7,411 8,299
Accounts receivable, net and other 1,587 2,571 3,817 4,767 5,612
Deferred tax assets 196 351 — — —
Total current assets 13,747 17,490 21,296 24,625 31,327
Property and equipment, net 2,414 4,417 7,060 10,949 16,967
Deferred tax assets 22 28 — — —
Operating leases — — — — —
Goodwill 1,349 1,955 2,552 2,655 3,319
Other assets 1,265 1,388 1,647 1,930 2,892
Total assets 18,797 25,278 32,555 40,159 54,505

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:
Accounts payable 8,051 11,145 13,318 15,133 16,459
Accrued expenses and other 2,321 3,751 4,892 6,688 9,807
Unearned revenue 792 1,159 1,823
Total current liabilities 10,372 14,896 19,002 22,980 28,089
Long-term lease liabilities
Long-term debt 3,084 3,191 8,265
Other long-term liabilities 1,561 2,625 2,277 4,242 7,410
Commitments and contingencies -Note 7)
Stockholders’ equity:
Preferred stock, $0.01 par value:
Authorized shares — 500
Issued and outstanding shares — none — — — — —
Common stock, $0.01 par value:
Authorized shares — 5,000
Issued shares — 514 and 521
Outstanding shares — 491 and 498 5 5 5 5 5
Treasury stock, at cost -600 -877 -1,837 -1,837 -1,837
Additional paid-in capital 6,325 6,990 8,347 9,573 11,135
Accumulated other comprehensive income -los -190 -316 -239 -185 -511
Retained earnings 1,324 1,955 1,916 2,190 1,949
Total stockholders’ equity 6,864 7,757 8,192 9,746 10,741
Total liabilities and stockholders’ equity 18,797 25,278 32,555 40,159 54,505
Historical Data
2015 2016 2017 2018 2019 2020 2021 2022

15,890 19,334 20,522 31,750 36,092

3,918 6,647 10,464 9,500 18,929
10,243 11,461 16,047 17,174 20,497
6,423 8,339 13,164 16,677 20,816
— — — — —
36,474 45,781 60,197 75,101 96,334
21,838 29,114 48,866 61,797 72,705
— — — — —
— — — — 25,141
3,759 3,784 13,350 14,548 14,754
3,373 4,723 8,897 11,202 16,314
65,444 83,402 131,310 162,648 225,248

20,397 25,309 34,616 38,192 47,183

10,384 13,739 18,170 23,663 32,439
3,118 4,768 5,097 6,536 8,190
33,899 43,816 57,883 68,391 87,812
9,650 39,791
8,235 7,694 24,743 23,495 23,414
9,926 12,607 20,975 17,563 12,171

— — — — —

5 5 5 5 5
-1,837 -1,837 -1,837 -1,837 -1,837
13,394 17,186 21,389 26,791 33,658
-723 -985 -484 -1,035 -986
2,545 4,916 8,636 19,625 31,220
13,384 19,285 27,709 43,549 62,060
65,444 83,402 131,310 162,648 225,248
AMAZON COM INC (AMZN)
$ in Millions
Historical Data
Revenue Based on Channels: 2010 2011 2012 2013 2014

Online stores (1) 18,363 28,712 38,628 48,802 60,886

Physical stores (2) — — — — —
Third-party seller services (3) 14,888 17,779 19,942 21,716 22,505
Subscription services (4) — — — — —
AWS — — — — —
Other (5) 953 1,586 2,523 3,934 5,597
TOTAL SALES 34,204 48,077 61,093 74,452 88,988

Revenue based on Geography: 2010 2011 2012 2013 2014

United States 18,707 26,705 34,813
Germany 5,296 7,230 8,732 10,535 11,919
United Kingdom 3,929 5,348 6,478 7,291 8,341
Japan 5,025 6,576 7,800 7,639 7,912
Rest of world 1,247 2,218 3,270
TOTAL SALES 34,204 48,077 61,093 74,452 88,988
Historical Data
2015 2016 2017 2018 2019 2020 2021 2022

76,863 91,431 108,354 122,987 141,247

— — 5,798 17,224 17,192
16,086 22,993 31,881 42,745 53,762
4,467 6,394 9,721 14,168 19,210
7,880 12,219 17,459 25,655 35,026
1,710 2,950 4,653 10,108 14,085
107,006 135,987 177,866 232,887 280,522

2015 2016 2017 2018 2019 2020 2021 2022

70,537 90,349 120,486 160,146 193,636
11,816 14,148 16,951 19,881 22,232
9,033 9,547 11,372 14,524 17,527
8,264 10,797 11,907 13,829 16,002
7,356 11,146 17,150 24,507 31,125
107,006 135,987 177,866 232,887 280,522