Amazon 2016.pdf-AMAZON.COM, INC. CONSOLI...
Amazon_2016.pdf-AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH
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Amazon_2016.pdf-AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH
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37
AMAZON.COM, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
Year Ended December 31,
2014
2015
2016
Net product sales
$
70,080
$
79,268
$
94,665
Net service sales
18,908
27,738
41,322
Total net sales
88,988
107,006
135,987
Operating expenses:
Cost of sales
62,752
71,651
88,265
Fulfillment
10,766
13,410
17,619
Marketing
4,332
5,254
7,233
Technology and content
9,275
12,540
16,085
General and administrative
1,552
1,747
2,432
Other operating expense, net
133
171
167
Total operating expenses
88,810
104,773
131,801
Operating income
178
2,233
4,186
Interest income
39
50
100
Interest expense
(210)
(459)
(484)
Other income (expense), net
(118)
(256)
90
Total non-operating income (expense)
(289)
(665)
(294)
Income (loss) before income taxes
(111)
1,568
3,892
Provision for income taxes
(167)
(950)
(1,425)
Equity-method investment activity, net of tax
37
(22)
(96)
Net income (loss)
$
(241) $
596
$
2,371
Basic earnings per share
$
(0.52) $
1.28
$
5.01
Diluted earnings per share
$
(0.52) $
1.25
$
4.90
Weighted-average shares used in computation of earnings per share:
Basic
462
467
474
Diluted
462
477
484
See accompanying notes to consolidated financial statements.


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39
AMAZON.COM, INC.
CONSOLIDATED BALANCE SHEETS
(in millions, except per share data)
December 31,
2015
2016
ASSETS
Current assets:
Cash and cash equivalents
$
15,890
$
19,334
Marketable securities
3,918
6,647
Inventories
10,243
11,461
Accounts receivable, net and other
5,654
8,339
Total current assets
35,705
45,781
Property and equipment, net
21,838
29,114
Goodwill
3,759
3,784
Other assets
3,445
4,723
Total assets
$
64,747
$
83,402
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
$
20,397
$
25,309
Accrued expenses and other
10,372
13,739
Unearned revenue
3,118
4,768
Total current liabilities
33,887
43,816
Long-term debt
8,227
7,694
Other long-term liabilities
9,249
12,607
Commitments and contingencies (Note 7)
Stockholders’ equity:
Preferred stock, $0.01 par value:
Authorized shares — 500
Issued and outstanding shares — none
Common stock, $0.01 par value:
Authorized shares — 5,000
Issued shares — 494 and 500
Outstanding shares — 471 and 477
5
5
Treasury stock, at cost
(1,837)
(1,837)
Additional paid-in capital
13,394
17,186
Accumulated other comprehensive loss
(723)
(985)
Retained earnings
2,545
4,916
Total stockholders’ equity
13,384
19,285
Total liabilities and stockholders’ equity
$
64,747
$
83,402
See accompanying notes to consolidated financial statements.


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