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Amazon Com Inc (AMZN) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

Amazon Com Inc

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CIK: 1018724 Ticker: AMZN


Exhibit 99.1
 amazonlogorgba08.jpg
AMAZON.COM ANNOUNCES FOURTH QUARTER SALES UP 21% TO $87.4 BILLION
SEATTLE—(BUSINESS WIRE) January 30, 2020—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2019.
Operating cash flow increased 25% to $38.5 billion for the trailing twelve months, compared with $30.7 billion for the trailing twelve months ended December 31, 2018. Free cash flow increased to $25.8 billion for the trailing twelve months, compared with $19.4 billion for the trailing twelve months ended December 31, 2018. Free cash flow less principal repayments of finance leases and financing obligations increased to $16.2 billion for the trailing twelve months, compared with $11.6 billion for the trailing twelve months ended December 31, 2018. Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to $12.5 billion for the trailing twelve months, compared with $8.4 billion for the trailing twelve months ended December 31, 2018.
Common shares outstanding plus shares underlying stock-based awards totaled 512 million on December 31, 2019, compared with 507 million one year ago.
Fourth Quarter 2019
Net sales increased 21% to $87.4 billion in the fourth quarter, compared with $72.4 billion in fourth quarter 2018. Excluding the $120 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 21% compared with fourth quarter 2018.
Operating income increased to $3.9 billion in the fourth quarter, compared with operating income of $3.8 billion in fourth quarter 2018.
Net income increased to $3.3 billion in the fourth quarter, or $6.47 per diluted share, compared with net income of $3.0 billion, or $6.04 per diluted share, in fourth quarter 2018.
Full Year 2019
Net sales increased 20% to $280.5 billion, compared with $232.9 billion in 2018. Excluding the $2.6 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the year, net sales increased 22% compared with 2018.
Operating income increased to $14.5 billion, compared with operating income of $12.4 billion in 2018.
Net income increased to $11.6 billion, or $23.01 per diluted share, compared with net income of $10.1 billion, or $20.14 per diluted share, in 2018.
“Prime membership continues to get better for customers year after year. And customers are responding — more people joined Prime this quarter than ever before, and we now have over 150 million paid Prime members around the world,” said Jeff Bezos, Amazon founder and CEO. “We’ve made Prime delivery faster — the number of items delivered to U.S. customers with Prime’s free one-day and same-day delivery more than quadrupled this quarter compared to last year. Members now have free two-hour grocery delivery from Amazon Fresh and Whole Foods Market in more than 2,000 U.S. cities and towns. Prime members watched double the hours of original movies and TV shows on Prime Video this quarter compared to last year, and Amazon Originals received a record 88 nominations and 26 wins at major awards shows. A huge thank you to teams across Amazon for their dedicated work to build, innovate, and deliver for customers this holiday.”
Highlights

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During this holiday season, customers ordered billions of items worldwide, including tens of millions of Amazon devices. Best-selling devices this holiday were Echo Dot, Fire TV Stick 4K with Alexa Voice Remote, and Echo Show 5.

The following information was filed by Amazon Com Inc (AMZN) on Thursday, January 30, 2020 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

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (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 - Allocation Of Aggregate Purchase Price Of Acquisitions (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 - Legal Proceedings (Details)
Commitments And Contingencies - Pledged Assets (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 And Accounting Policies
Description Of Business And Accounting Policies (Policies)
Description Of Business And Accounting Policies (Tables)
Description Of Business And Accounting Policies - Accounting Pronouncements Recently Adopted (Details)
Description Of Business And Accounting Policies - Accounts Receivable, Net And Other (Details)
Description Of Business And Accounting Policies - Accrued Expenses And Other (Details)
Description Of Business And Accounting Policies - Calculation Of Diluted Shares (Details)
Description Of Business And Accounting Policies - Description Of Business (Details)
Description Of Business And Accounting Policies - Fair Value Of Financial Instruments (Details)
Description Of Business And Accounting Policies - Foreign Currency (Details)
Description Of Business And Accounting Policies - Goodwill (Details)
Description Of Business And Accounting Policies - Investments (Details)
Description Of Business And Accounting Policies - Leases (Details)
Description Of Business And Accounting Policies - Marketing (Details)
Description Of Business And Accounting Policies - Other Income (Expense), Net (Details)
Description Of Business And Accounting Policies - Property And Equipment, Net (Details)
Description Of Business And Accounting Policies - Revenue (Details)
Description Of Business And Accounting Policies - Unearned Revenue (Details)
Description Of Business And Accounting Policies - Use Of Estimates (Details)
Description Of Business And Accounting Policies - Video And Music Content (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)
Financial Instruments Reconciliation To Cash Flow (Tables)
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 Additional Information (Details)
Leases Lease Costs (Details)
Leases Leases
Leases Leases (Tables)
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)
Quarterly Results (Unaudited)
Quarterly Results (Unaudited) (Details)
Quarterly Results (Unaudited) (Tables)
Segment Information
Segment Information (Tables)
Segment Information - Additional Information (Details)
Segment Information - Depreciation Expense, By Segment (Details)
Segment Information - Disaggregation Of Revenue (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)
Segment Information Net Sales Attributed To Countries Representing Portion Of Consolidated Net Sales (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: 0001018724-20-000004
Submitted to the SEC: Thu Jan 30 2020 8:46:13 PM EST
Accepted by the SEC: Fri Jan 31 2020
Period: Tuesday, December 31, 2019
Industry: Retail Catalog And Mail Order Houses

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