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Amazon Com Inc (AMZN) SEC Filing 10-K Annual Report for the fiscal year ending Saturday, December 31, 2022

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Amazon Com Inc

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CIK: 1018724 Ticker: AMZN

Exhibit 99.1
 amazonlogorgba09.jpg
AMAZON.COM ANNOUNCES FOURTH QUARTER RESULTS

SEATTLE—(BUSINESS WIRE) February 2, 2023—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2022.

Fourth Quarter 2022
•Net sales increased 9% to $149.2 billion in the fourth quarter, compared with $137.4 billion in fourth quarter 2021. Excluding the $5.0 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 12% compared with fourth quarter 2021.
•North America segment sales increased 13% year-over-year to $93.4 billion, or increased 14% excluding changes in foreign exchange rates.
•International segment sales decreased 8% year-over-year to $34.5 billion, or increased 5% excluding changes in foreign exchange rates.
•AWS segment sales increased 20% year-over-year to $21.4 billion.
•Operating income decreased to $2.7 billion in the fourth quarter, compared with $3.5 billion in fourth quarter 2021. Fourth quarter 2022 operating income includes approximately $2.7 billion of charges for changes in estimates related to self-insurance liabilities, impairments of property and equipment and operating leases, and estimated severance costs. These charges primarily impacted the North America segment.
•North America segment operating loss was $0.2 billion, compared with operating loss of $0.2 billion in fourth quarter 2021.
•International segment operating loss was $2.2 billion, compared with operating loss of $1.6 billion in fourth quarter 2021.
•AWS segment operating income was $5.2 billion, compared with operating income of $5.3 billion in fourth quarter 2021.
•Net income decreased to $0.3 billion in the fourth quarter, or $0.03 per diluted share, compared with $14.3 billion, or $1.39 per diluted share, in fourth quarter 2021. All share and per share information for comparable prior year periods throughout this release have been retroactively adjusted to reflect the 20-for-1 stock split effected on May 27, 2022.
•Fourth quarter 2022 net income includes a pre-tax valuation loss of $2.3 billion included in non-operating income (expense) from the common stock investment in Rivian Automotive, Inc., compared to a pre-tax valuation gain of $11.8 billion from the investment in fourth quarter 2021.
Full Year 2022
•Net sales increased 9% to $514.0 billion in 2022, compared with $469.8 billion in 2021. Excluding the $15.5 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the year, net sales increased 13% compared with 2021.
•North America segment sales increased 13% year-over-year to $315.9 billion.
•International segment sales decreased 8% year-over-year to $118.0 billion, or increased 4% excluding changes in foreign exchange rates.
•AWS segment sales increased 29% year-over-year to $80.1 billion.

The following information was filed by Amazon Com Inc (AMZN) on Thursday, February 2, 2023 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Amazon Com Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Acquisitions, Goodwill, And Acquired Intangible Assets
Acquisitions, Goodwill, And Acquired Intangible Assets (Tables)
Acquisitions, Goodwill, And Acquired Intangible Assets - Acquired Intangible Assets (Details)
Acquisitions, Goodwill, And Acquired Intangible Assets - Additional Information (Details)
Acquisitions, Goodwill, And Acquired Intangible Assets - Expected Future Amortization Expense Of Acquired Intangible Assets (Details)
Acquisitions, Goodwill, And Acquired Intangible Assets - Summary Of Goodwill Activity By Segment (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Commitments Narrative (Details)
Commitments And Contingencies - Legal Proceedings (Details)
Commitments And Contingencies - Principal Contractual Commitments Excluding Open Orders (Details)
Debt
Debt (Tables)
Debt - Additional Information (Details)
Debt - Future Principal Payment For Debt (Details)
Debt - Long-Term Debt Obligations (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures
Description Of Business, Accounting Policies, And Supplemental Disclosures (Policies)
Description Of Business, Accounting Policies, And Supplemental Disclosures (Tables)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Accounts Receivable, Net And Other (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Accrued Expenses And Other (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Calculation Of Diluted Shares (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Common Stock Split (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Description Of Business (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Digital Video And Music Content (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Fair Value Of Financial Instruments (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Foreign Currency (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Goodwill And Indefinite-Lived Intangible Assets (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Inventories (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Investments (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Leases (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Marketing (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Other Income (Expense), Net (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Other Operating Expense (Income), Net (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Property And Equipment, Net (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Revenue (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Self-Insurance Liabilities (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Supplemental Cash Flow Information (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Unearned Revenue (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Use Of Estimates (Details)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Contractual Maturities (Details)
Financial Instruments - Fair Values On Recurring Basis (Details)
Financial Instruments - Gross Gains And Gross Losses Realized On Sales Of Available-For-Sale Marketable Securities (Details)
Financial Instruments - Reconciliation To Cash Flow (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Components Of Provision For Income Taxes, Net (Details)
Income Taxes - Deferred Income Tax Assets And Liabilities (Details)
Income Taxes - Items Accounting For Differences Between Income Taxes Computed At Federal Statutory Rate And Provision Recorded For Income Taxes (Details)
Income Taxes - Reconciliation Of Tax Contingencies (Details)
Income Taxes - U.S. And International Components Of Income Before Income Taxes (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Lease Costs (Details)
Leases - Operating And Finance Lease Reconciliation (Details)
Leases - Other Operating And Finance Lease Information (Details)
Property And Equipment
Property And Equipment (Tables)
Property And Equipment - Additional Information (Details)
Property And Equipment - Components (Details)
Segment Information
Segment Information (Tables)
Segment Information - Additional Information (Details)
Segment Information - Depreciation And Amortization Expense, By Segment (Details)
Segment Information - Disaggregation Of Revenue (Details)
Segment Information - Net Sales Attributed To Countries Representing Portion Of Consolidated Net Sales (Details)
Segment Information - Reconciliation Of Assets From Segment To Consolidated (Details)
Segment Information - Reconciliation Of Property And Equipment Additions From Segments To Consolidated (Details)
Segment Information - Reconciliation Of Property And Equipment From Segments To Consolidated (Details)
Segment Information - Reportable Segments And Reconciliation To Consolidated Net Income (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Details)
Stockholders' Equity - Restricted Stock Unit Activity (Details)
Stockholders' Equity - Scheduled Vesting For Outstanding Restricted Stock Units (Details)
Stockholders' Equity - Stock-Based Compensation Expense (Details)
Ticker: AMZN
CIK: 1018724
Form Type: 10-K Annual Report
Accession Number: 0001018724-23-000004
Submitted to the SEC: Thu Feb 02 2023 6:27:34 PM EST
Accepted by the SEC: Fri Feb 03 2023
Period: Saturday, December 31, 2022
Industry: Retail Catalog And Mail Order Houses

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