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Amazon Com Inc (AMZN) SEC Filing 10-Q Quarterly report for the period ending Wednesday, September 30, 2020

Amazon Com Inc

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CIK: 1018724 Ticker: AMZN

Exhibit 99.1
 amazonlogorgba091.jpg
AMAZON.COM ANNOUNCES THIRD QUARTER RESULTS
SEATTLE—(BUSINESS WIRE) October 29, 2020—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2020.

•Operating cash flow increased 56% to $55.3 billion for the trailing twelve months, compared with $35.3 billion for the trailing twelve months ended September 30, 2019.
•Free cash flow increased to $29.5 billion for the trailing twelve months, compared with $23.5 billion for the trailing twelve months ended September 30, 2019.
•Free cash flow less principal repayments of finance leases and financing obligations increased to $18.4 billion for the trailing twelve months, compared with $14.6 billion for the trailing twelve months ended September 30, 2019.
•Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to $17.9 billion for the trailing twelve months, compared with $10.5 billion for the trailing twelve months ended September 30, 2019.
•Common shares outstanding plus shares underlying stock-based awards totaled 518 million on September 30, 2020, compared with 511 million one year ago.
•Net sales increased 37% to $96.1 billion in the third quarter, compared with $70.0 billion in third quarter 2019. Excluding the $691 million favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 36% compared with third quarter 2019.
•Operating income increased to $6.2 billion in the third quarter, compared with operating income of $3.2 billion in third quarter 2019.
•Net income increased to $6.3 billion in the third quarter, or $12.37 per diluted share, compared with net income of $2.1 billion, or $4.23 per diluted share, in third quarter 2019.

“Two years ago, we increased Amazon’s minimum wage to $15 for all full-time, part-time, temporary, and seasonal employees across the U.S. and challenged other large employers to do the same. Best Buy and Target have stepped up, and we hope other large employers will also make the jump to $15. Now would be a great time,” said Jeff Bezos, Amazon founder and CEO. “Offering jobs with industry-leading pay and great healthcare, including to entry-level and front-line employees, is even more meaningful in a time like this, and we’re proud to have created over 400,000 jobs this year alone. We’re seeing more customers than ever shopping early for their holiday gifts, which is just one of the signs that this is going to be an unprecedented holiday season. Big thank you to our employees and selling partners around the world who’ve been busy getting ready to deliver for customers this holiday.”

Highlights

Investing in Jobs and Employees
•Amazon announced that it is creating hundreds of thousands of new jobs around the world for people at all skill levels and stages of their careers, including:
•100,000 new permanent jobs with industry-leading pay of at least $15 per hour, benefits starting on day one, sign-on bonuses of up to $1,000 in select U.S. cities, and access to company-subsidized upskilling programs like Career Choice. This hiring was part of Amazon opening 100 new operations buildings across North America.
•100,000 new seasonal jobs with Amazon Air, logistics, fulfillment centers, sortation centers, and global specialty fulfillment teams in the U.S. and Canada.

The following information was filed by Amazon Com Inc (AMZN) on Thursday, October 29, 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-Q Quarterly 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-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
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
Accounting Policies And Supplemental Disclosures
Accounting Policies And Supplemental Disclosures (Policies)
Accounting Policies And Supplemental Disclosures (Tables)
Accounting Policies And Supplemental Disclosures - Accounts Receivable, Net And Other (Details)
Accounting Policies And Supplemental Disclosures - Calculation Of Diluted Shares (Details)
Accounting Policies And Supplemental Disclosures - Inventories (Details)
Accounting Policies And Supplemental Disclosures - Supplemental Cash Flow Information (Details)
Accounting Policies And Supplemental Disclosures - Unearned Revenue (Details)
Accounting Policies And Supplemental Disclosures - Use Of Estimates (Details)
Accounting Policies And Supplemental Disclosures - Video And Music Content (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Pledged Assets (Details)
Commitments And Contingencies - Principal Contractual Commitments Excluding Open Orders (Details)
Debt
Debt (Tables)
Debt - Additional Information (Details)
Debt - Long-Term Debt Obligations (Details)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Consolidated Statements Of Cash Flows Reconciliation (Details)
Financial Instruments - Contractual Maturities (Details)
Financial Instruments - Equity Warrants And Non-Marketable Equity Investments (Details)
Financial Instruments - Fair Values On Recurring Basis (Details)
Income Taxes
Income Taxes (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Lease Cost (Details)
Leases - Operating And Finance Lease Liability Reconciliation (Details)
Leases - Other Operating And Finance Lease Information (Details)
Segment Information
Segment Information (Tables)
Segment Information - Disaggregation Of Revenue (Details)
Segment Information - Reportable Segments And Reconciliation To Consolidated Net Income (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Details)
Stockholders' Equity - Changes In Stockholders Equity (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)

Material Contracts, Statements, Certifications & more

Amazon Com Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Exhibit 32.2: Section 1350 Certification
Ticker: AMZN
CIK: 1018724
Form Type: 10-Q Quarterly Report
Accession Number: 0001018724-20-000030
Submitted to the SEC: Thu Oct 29 2020 7:08:00 PM EST
Accepted by the SEC: Fri Oct 30 2020
Period: Wednesday, September 30, 2020
Industry: Retail Catalog And Mail Order Houses

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