Amazon Com Inc (AMZN) 10-Q Quarterly Report April 2021

•Operating cash flow increased 69% to $67.2 billion for the trailing twelve months, compared with $39.7 billion for the trailing twelve months ended March 31, 2020.

•Free cash flow increased to $26.4 billion for the trailing twelve months, compared with $24.3 billion for the trailing twelve months ended March 31, 2020.

•Free cash flow less principal repayments of finance leases and financing obligations increased to $14.9 billion for the trailing twelve months, compared with $14.3 billion for the trailing twelve months ended March 31, 2020.

•Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to $16.8 billion for the trailing twelve months, compared with $11.7 billion for the trailing twelve months ended March 31, 2020.

•Common shares outstanding plus shares underlying stock-based awards totaled 519 million on March 31, 2021, compared with 513 million one year ago.

•Net sales increased 44% to $108.5 billion in the first quarter, compared with $75.5 billion in first quarter 2020. Excluding the $2.1 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 41% compared with first quarter 2020.

•Operating income increased to $8.9 billion in the first quarter, compared with operating income of $4.0 billion in first quarter 2020.

•Net income increased to $8.1 billion in the first quarter, or $15.79 per diluted share, compared with net income of $2.5 billion, or $5.01 per diluted share, in first quarter 2020.

“Two of our kids are now 10 and 15 years old—and after years of being nurtured, they’re growing up fast and coming into their own,” said Jeff Bezos, Amazon founder and CEO. “As Prime Video turns 10, over 175 million Prime members have streamed shows and movies in the past year, and streaming hours are up more than 70% year over year. Amazon Studios received a record 12 Academy Award nominations and two wins. Upcoming originals include Tom Clancy’s Without Remorse, The Tomorrow War, The Underground Railroad, and much more. In just 15 years, AWS has become a $54 billion annual sales run rate business competing against the world’s largest technology companies, and its growth is accelerating—up 32% year over year. Companies from Airbnb to McDonald’s to Volkswagen come to AWS because we offer what is by far the broadest set of tools and services available, and we continue to invent relentlessly on their behalf. We love Prime Video and AWS, and we’re proud to have them in the family.”

Highlights

Our Vision to be Earth’s Best Employer and Earth’s Safest Place to Work

•Amazon ranked #1 in the U.S. on LinkedIn’s 2021 Top Companies, an annual list identifying the most sought-after places to work based on their ability to attract and retain the best talent, including promotions, opportunities for employees to learn new skills, hiring people from all backgrounds and levels of education, and gender diversity. In addition, Amazon ranked #2 on the Fortune World’s Most Admired Companies list and #3 on Boston Consulting Group’s Most Innovative Companies list.

The following information was filed by Amazon Com Inc (AMZN) on Thursday, April 29, 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-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:

Other - Other Highlight
We had no borrowings outstanding under the Credit Agreement, $725 million of borrowings outstanding under the Commercial Paper Program, and $429 million of borrowings outstanding under our Credit Facility as of March 31, 2021.

Financial - Expense Highlight
Fulfillment costs as a percentage of net sales may vary due to several factors, such as payment processing and related transaction costs, our level of productivity and accuracy, changes in volume, size, and weight of units received and fulfilled, the extent to which third party sellers utilize Fulfillment by Amazon services, timing of fulfillment network and physical store expansion, the extent we utilize fulfillment services provided by third parties, mix of products and services sold, and our ability to affect customer service contacts per unit by implementing improvements in our operations and enhancements to our customer self-service features.
Financial - Expense Highlight
While costs associated with Amazon Prime membership benefits and other shipping offers are not included in marketing expense, we view these offers as effective worldwide marketing tools, and intend to continue offering them indefinitely.
Financial - Expense Highlight
We expect our cost of shipping to continue to increase to the extent our customers accept and use our shipping offers at an increasing rate, we use more expensive shipping methods, including faster delivery, and we offer additional services.
Financial - Income Highlight
The increase in AWS operating income in absolute dollars in Q1 2021 compared to the comparable prior year period is primarily due to increased customer usage and cost structure productivity, partially offset by increased spending on technology infrastructure, payroll and related expenses, and software licensing expenses, all of which were primarily driven by additional investments to support the business growth, and reduced prices for our customers.
Other - Other
U.S. tax rules provide for...Read more
Financial - Expense
25 Table of Contents Fulfillment...Read more
Revenue - Product
We seek to expand our...Read more
Financial - Income
The International operating income in...Read more
Financial - Expense
Technology and Content Technology and...Read more
Financial - Expense
Other Operating Expense (Income), Net...Read more
Revenue - Product
Increased unit sales were driven...Read more
Revenue - Product
Increased unit sales were driven...Read more
Financial - Expense
The increase in fulfillment costs...Read more
Other - Other
Cash capital expenditures were $5.4...Read more
Revenue - Product
Cash provided by (used in)...Read more
Financial - Expense
26 Table of Contents General...Read more
Revenue - Product
The sales growth primarily reflects...Read more
Revenue - Product
The sales growth primarily reflects...Read more
Financial - Expense
24 Table of Contents Operating...Read more
Revenue - Geography
Our results are inherently unpredictable...Read more
Revenue - Geography
For a discussion of the...Read more
Revenue - Geography
The increase in North America...Read more
Revenue - Product
Additionally, sales by our sellers...Read more
Revenue - Product
Higher net sales in the...Read more
Financial - Cash Flow
Developments in an audit, investigation,...Read more
Financial - Expense
We incurred approximately $2.0 billion...Read more
Revenue - Product
The sales growth primarily reflects...Read more
Financial - Income
Our interest income corresponds with...Read more
Financial - Expense
Infrastructure costs include servers, networking...Read more
Financial - Cash Flow
Our operating cash flows result...Read more
Revenue - Geography
This guidance anticipates a favorable...Read more
Other - Other
See Item 7 of Part...Read more
Revenue - Geography
In connection with the European...Read more
Financial - Expense
Shipping costs to receive products...Read more
Financial - Cash Flow
We provide multiple measures of...Read more
Revenue - Product
Net sales information is as...Read more
Revenue - Geography
North America sales increased 40%...Read more
Revenue - Product
International sales increased 60% in...Read more
Revenue - Product
AWS sales increased 32% in...Read more
Financial - Cash Flow
Our measures of free cash...Read more
Other - Other
These disruptions can contribute to...Read more
Financial - Expense
The increase in technology and...Read more
Other - Other
This guidance reflects our estimates...Read more
Financial - Expense
This guidance assumes approximately $1.5...Read more
Revenue - Product
Second Quarter 2021 Guidance Net...Read more
Financial - Cash Flow
The following is a reconciliation...Read more
Financial - Expense
We seek to mitigate costs...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

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: 0001018724-21-000010
Submitted to the SEC: Thu Apr 29 2021 6:48:35 PM EST
Accepted by the SEC: Fri Apr 30 2021
Period: Wednesday, March 31, 2021
Industry: Retail Catalog And Mail Order Houses