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Amazon Com Inc (AMZN) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

Amazon Com Inc

CIK: 1018724 Ticker: AMZN

Exhibit 99.1
 amazonlogorgba091.jpg
AMAZON.COM ANNOUNCES FINANCIAL RESULTS AND CEO TRANSITION

Founder and CEO Jeff Bezos will transition to role of Executive Chair in Q3,
Andy Jassy to become Chief Executive Officer of Amazon at that time

SEATTLE—(BUSINESS WIRE) February 2, 2021—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2020.

Operating cash flow increased 72% to $66.1 billion for the trailing twelve months, compared with $38.5 billion for the trailing twelve months ended December 31, 2019.
Free cash flow increased to $31.0 billion for the trailing twelve months, compared with $25.8 billion for the trailing twelve months ended December 31, 2019.
Free cash flow less principal repayments of finance leases and financing obligations increased to $20.3 billion for the trailing twelve months, compared with $16.2 billion for the trailing twelve months ended December 31, 2019.
Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to $21.4 billion for the trailing twelve months, compared with $12.5 billion for the trailing twelve months ended December 31, 2019.
Common shares outstanding plus shares underlying stock-based awards totaled 518 million on December 31, 2020, compared with 512 million one year ago.
Fourth Quarter 2020
Net sales increased 44% to $125.6 billion in the fourth quarter, compared with $87.4 billion in fourth quarter 2019. Excluding the $1.7 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 42% compared with fourth quarter 2019.
Operating income increased to $6.9 billion in the fourth quarter, compared with operating income of $3.9 billion in fourth quarter 2019.
Net income increased to $7.2 billion in the fourth quarter, or $14.09 per diluted share, compared with net income of $3.3 billion, or $6.47 per diluted share, in fourth quarter 2019.
Full Year 2020
Net sales increased 38% to $386.1 billion, compared with $280.5 billion in 2019. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the year, net sales increased 37% compared with 2019.
Operating income increased to $22.9 billion, compared with operating income of $14.5 billion in 2019.
Net income increased to $21.3 billion, or $41.83 per diluted share, compared with net income of $11.6 billion, or $23.01 per diluted share, in 2019.

Amazon is also announcing today that Jeff Bezos will transition to the role of Executive Chair in the third quarter of 2021 and Andy Jassy will become Chief Executive Officer at that time.

Amazon is what it is because of invention. We do crazy things together and then make them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more,” said Jeff Bezos, Amazon founder


The following information was filed by Amazon Com Inc (AMZN) on Tuesday, February 2, 2021 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 - 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, 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 - 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 - Property And Equipment, Net (Details)
Description Of Business, Accounting Policies, And Supplemental Disclosures - Revenue (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)
Quarterly Results (Unaudited)
Quarterly Results (Unaudited) (Details)
Quarterly Results (Unaudited) (Tables)
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 - 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: 0001018724-21-000004
Submitted to the SEC: Tue Feb 02 2021 7:44:10 PM EST
Accepted by the SEC: Wed Feb 03 2021
Period: Thursday, December 31, 2020
Industry: Retail Catalog And Mail Order Houses

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