Amazon com inc
NASDAQ: AMZN $1869.0 -2.02%
Balance Sheet
December 31, 2018 March 31, 2019 (unaudited)
ASSETS
Current assets:
Cash and cash equivalents 31,750 23,115
Marketable securities 9,500 13,905
Inventories 17,174 16,432
Accounts receivable, net and other 16,677 15,979
Total current assets 75,101 69,431
Property and equipment, net 61,797 61,048
Operating leases 0 20,132
Goodwill 14,548 14,708
Other assets 11,202 12,783
Total assets 162,648 178,102
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Accounts payable 38,192 31,809
Accrued expenses and other 23,663 24,588
Unearned revenue 6,536 7,298
Total current liabilities 68,391 63,695
Long-term lease liabilities 9,650 33,275
Long-term debt 23,495 23,322
Other long-term liabilities 17,563 9,400
Commitments and contingencies (Note 4)
Stockholders equity:
Preferred stock, $0.01 par value:
Authorized shares 500
Issued and outstanding shares none 0 0
Common stock, $0.01 par value:
Authorized shares 5,000
Issued shares 514 and 516
Outstanding shares 491 and 492 5 5
Treasury stock, at cost -1,837 -1,837
Additional paid-in capital 26,791 28,059
Accumulated other comprehensive loss -1,035 -1,010
Retained earnings 19,625 23,193
Total stockholders equity 43,549 48,410
Total liabilities and stockholders equity 162,648 178,102
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Statements of Income
Three Months Ended March 31,
2018 2019
Net product sales 31,605 34,283
Net service sales 19,437 25,417
Total net sales 51,042 59,700
Operating expenses:
Cost of sales 30,735 33,920
Fulfillment 7,792 8,601
Marketing 2,699 3,664
Technology and content 6,759 7,927
General and administrative 1,067 1,173
Other operating expense (income), net 63 -5
Total operating expenses 49,115 55,280
Operating income 1,927 4,420
Interest income 80 183
Interest expense -330 -366
Other income (expense), net 239 164
Total non-operating income (expense) -11 -19
Income before income taxes 1,916 4,401
Provision for income taxes -287 -836
Equity-method investment activity, net of tax 0 -4
Net income 1,629 3,561
Basic earnings per share 3.36 7.24
Diluted earnings per share 3.27 7.09
Weighted-average shares used in computation of earnings per share:
Basic 484 491
Diluted 498 502
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Cash Flows
Three Months Ended March 31, Twelve Months Ended March 31,
2018 2019 2018 2019
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 21,856 32,173 16,301 17,616
OPERATING ACTIVITIES:
Net income 1,629 3,561 3,938 12,005
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other 3,671 4,854 12,714 16,524
Stock-based compensation 1,182 1,274 4,605 5,509
Other operating expense (income), net 56 -13 216 205
Other expense (income), net -184 -135 -437 268
Deferred income taxes 141 415 134 714
Changes in operating assets and liabilities:
Inventories 2,220 719 -2,309 -2,815
Accounts receivable, net and other 1,029 -401 -4,716 -6,043
Accounts payable -10,216 -6,384 3,749 7,095
Accrued expenses and other -2,225 -2,932 -538 -235
Unearned revenue 906 888 838 1,133
Net cash provided by (used in) operating activities -1,791 1,846 18,194 34,360
INVESTING ACTIVITIES:
Purchases of property and equipment -3,098 -3,290 -12,905 -13,619
Proceeds from property and equipment incentives 371 569 1,981 2,303
Acquisitions, net of cash acquired, and other -13 -1,169 -13,939 -3,342
Sales and maturities of marketable securities 2,677 2,643 10,444 8,205
Purchases of marketable securities -470 -6,876 -11,846 -13,506
Net cash provided by (used in) investing activities -533 -8,123 -26,265 -19,959
FINANCING ACTIVITIES:
Proceeds from long-term debt and other 125 190 16,332 833
Repayments of long-term debt and other -202 -351 -1,463 -817
Principal repayments of finance leases -2,015 -2,214 -5,981 -7,649
Principal repayments of financing obligations -72 -2 -235 -266
Net cash provided by (used in) financing activities -2,164 -2,377 8,653 -7,899
Foreign currency effect on cash, cash equivalents, and restricted cash 248 -12 733 -611
Net increase (decrease) in cash, cash equivalents, and restricted cash -4,240 -8,666 1,315 5,891
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 17,616 23,507 17,616 23,507
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on long-term debt 282 286 607 858
Cash paid for operating leases 0 709 0 709
Cash paid for interest on finance leases 75 165 234 471
Cash paid for interest on financing obligations 54 2 153 142
Cash paid for income taxes, net of refunds 513 168 1,224 840
Assets acquired under operating leases 0 875 0 875
Property and equipment acquired under finance leases 2,270 2,628 10,020 10,972
Property and equipment acquired under build-to-suit arrangements 741 436 3,081 3,336
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