0001018724false00010187242024-10-312024-10-31
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 
_________________________ 
FORM 8-K
_________________________ 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
October 31, 2024
Date of Report
(Date of earliest event reported)
 _________________________
AMAZON.COM, INC.
(Exact name of registrant as specified in its charter)
_________________________ 
Delaware000-2251391-1646860
(State or other jurisdiction of
incorporation)		(Commission File Number)(IRS Employer Identification No.)
410 Terry Avenue North, Seattle, Washington 98109-5210
(Address of principal executive offices, including Zip Code)
(206) 266-1000
(Registrant’s telephone number, including area code)
_________________________ 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Common Stock, par value $.01 per shareAMZNNasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐

TABLE OF CONTENTS
 

ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On October 31, 2024, Amazon.com, Inc. announced its third quarter 2024 financial results. A copy of the press release containing the announcement is included as Exhibit 99.1 and additional information regarding the inclusion of non-GAAP financial measures in certain of Amazon.com, Inc.’s public disclosures, including its third quarter 2024 financial results announcement, is included as Exhibit 99.2. Both of these exhibits are incorporated herein by reference.
ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
 
Exhibit
Number		Description
99.1
99.2
104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101).
3

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
AMAZON.COM, INC. (REGISTRANT)
By:/s/ Brian T. Olsavsky
Brian T. Olsavsky
Senior Vice President and
Chief Financial Officer
Dated: October 31, 2024
4


Exhibit 99.1
 amazonlogorgba09a.jpg
AMAZON.COM ANNOUNCES THIRD QUARTER RESULTS

SEATTLE—(BUSINESS WIRE) October 31, 2024—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2024.
•Net sales increased 11% to $158.9 billion in the third quarter, compared with $143.1 billion in third quarter 2023. Excluding the $0.2 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with third quarter 2023.
•North America segment sales increased 9% year-over-year to $95.5 billion.
•International segment sales increased 12% year-over-year to $35.9 billion.
•AWS segment sales increased 19% year-over-year to $27.5 billion.
•Operating income increased to $17.4 billion in the third quarter, compared with $11.2 billion in third quarter 2023.
•North America segment operating income was $5.7 billion, compared with operating income of $4.3 billion in third quarter 2023.
•International segment operating income was $1.3 billion, compared with an operating loss of $0.1 billion in third quarter 2023.
•AWS segment operating income was $10.4 billion, compared with operating income of $7.0 billion in third quarter 2023.
•Net income increased to $15.3 billion in the third quarter, or $1.43 per diluted share, compared with $9.9 billion, or $0.94 per diluted share, in third quarter 2023.
•Operating cash flow increased 57% to $112.7 billion for the trailing twelve months, compared with $71.7 billion for the trailing twelve months ended September 30, 2023.
•Free cash flow increased to $47.7 billion for the trailing twelve months, compared with $21.4 billion for the trailing twelve months ended September 30, 2023.
•Free cash flow less principal repayments of finance leases and financing obligations increased to $44.9 billion for the trailing twelve months, compared with $15.9 billion for the trailing twelve months ended September 30, 2023.
•Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to $46.1 billion for the trailing twelve months, compared with $20.2 billion for the trailing twelve months ended September 30, 2023.
“As we get into the holiday season, we’re excited about what we have in store for customers,” said Andy Jassy, Amazon President & CEO. “We kicked off the holiday season with our biggest-ever Prime Big Deal Days and the launch of an all-new Kindle lineup that is significantly outperforming our expectations; and there’s so much more coming, from tens of millions of deals, to our NFL Black Friday game and Election Day coverage with Brian Williams on Prime Video, to over 100 new cloud infrastructure and AI capabilities that we’ll share at AWS re:Invent the week after Thanksgiving.”

Some other highlights since the company’s last earnings announcement include that Amazon:
•Held its annual Prime Big Deal Days shopping event, with record sales, number of items sold, and Prime member participation, saving Prime members more than $1 billion with deals across its Store.
•Announced its first-ever fuel savings offer for Prime, saving U.S. members 10 cents a gallon on fuel at approximately 7,000 bp, Amoco, and ampm locations.


•Expanded its selection of brands with AllSaints, Beats x Kim, Estée Lauder, kate spade new york, and more.
•Announced plans to expand Amazon Pharmacy Same-Day Delivery of medications to nearly half the U.S. in 2025 by accelerating the roll out of new pharmacies in 20 more U.S. cities by the end of next year.
•Launched new generative AI-powered features, including:
•Rufus, a generative AI expert shopping assistant, becoming available in Canada, France, Germany, India, Italy, Spain, and the UK.
•AI Shopping Guides, which simplifies product research by using generative AI to pair information about a product category with Amazon’s wide selection, making it easier for customers to find the right product for their needs.
•Project Amelia, an AI assistant for sellers that offers tailored business insights to boost productivity and drive seller growth.
•Video generation and live image capabilities for advertisers that makes it fast and easy for brands to deliver compelling creative for customers through short, animated campaign images.
•Launched new foundation models in Amazon Bedrock and Amazon SageMaker, including AI21 Labs’ Jamba 1.5 family, Anthropic’s upgraded Claude 3.5 Sonnet, Meta’s Llama 3.2, Mistral Large 2, and multiple Stability AI models.
•Launched new memory-optimized, compute-optimized, and general purpose Amazon EC2 instances based on AWS’s latest generation Graviton4 processor, which delivers 75% more memory bandwidth and 30% better compute performance than the previous generation Graviton chips.
•Launched Oracle Database@AWS for customers to easily and quickly migrate Oracle workloads to dedicated infrastructure on AWS with minimal to no database or application changes.
•Entered a strategic collaboration with Databricks to accelerate the development of custom models built with Databricks Mosaic AI on AWS, and for Databricks to leverage AWS Trainium chips as the preferred AI chip to help customers improve price-performance when building generative AI applications.
•Signed AWS agreements with several large enterprise companies such as The Australia and New Zealand Banking Group Limited, Booking.com, Capital One, Datadog, Epic Games, Fast Retailing, Itaú Unibanco, Luma AI, National Australia Bank, Sony, T-Mobile, Toyota, and Veeva.
•Launched Season 2 of The Lord of the Rings: The Rings of Power to positive reviews from customers and critics alike, ranking as Prime Video’s most watched returning season ever by hours watched.
•Drew more than 17 million viewers to the Cowboys-Giants Thursday Night Football game, the most-streamed NFL regular season game ever.
•Added Apple TV+ to Prime Video’s collection of over 100 add-on subscription channels in the U.S.
•Announced a new Kindle lineup, including a reimagined Kindle Scribe with generative AI, the Kindle Colorsoft with a color display, and the fastest Kindle Paperwhite ever.
•Announced investments in the Delivery Service Partner program of $2.1 billion in North America to support safety programs, training, incentives, and more, as well as 25 billion yen in Japan to support last mile delivery innovation, and safety and technology for drivers.
•Announced plans to hire 250,000 people across its U.S. operations ahead of the holiday season. All seasonal employees earn at least $18 per hour and have access to comprehensive benefits like health care.
•Announced plans for AWS to invest £8 billion over five years in the UK, supporting 14,000 jobs annually.
•Removed plastic air pillows from all delivery packaging at fulfillment centers globally, including expanding its use of paper filler made from 100% recycled content across North America to replace plastic air pillows.
•Mobilized Disaster Relief by Amazon to support communities around the world impacted by natural disasters. In the U.S., Amazon leveraged its Disaster Relief Hub in Atlanta to support communities impacted by Hurricanes Helene and Milton with donated goods, logistics support, and technology. In Europe, Amazon mobilized its global logistics infrastructure, inventory, teams, and technology to provide rapid assistance for flooding across the region.
For additional highlights from the quarter, visit aboutamazon.com/news/company-news/amazon-earnings-q3-2024-highlights.


Financial Guidance
The following forward-looking statements reflect Amazon.com’s expectations as of October 31, 2024, and are subject to substantial uncertainty. Our results are inherently unpredictable and may be materially affected by many factors, such as fluctuations in foreign exchange rates, changes in global economic and geopolitical conditions and customer demand and spending (including the impact of recessionary fears), inflation, interest rates, regional labor market constraints, world events, the rate of growth of the internet, online commerce, cloud services, and new and emerging technologies, and the various factors detailed below.
Fourth Quarter 2024 Guidance
•Net sales are expected to be between $181.5 billion and $188.5 billion, or to grow between 7% and 11% compared with fourth quarter 2023. This guidance anticipates an unfavorable impact of approximately 10 basis points from foreign exchange rates.
•Operating income is expected to be between $16.0 billion and $20.0 billion, compared with $13.2 billion in fourth quarter 2023.
•This guidance assumes, among other things, that no additional business acquisitions, restructurings, or legal settlements are concluded.
Conference Call Information
A conference call will be webcast live today at 2:00 p.m. PT/5:00 p.m. ET, and will be available for at least three months at amazon.com/ir. This call will contain forward-looking statements and other material information regarding the Company’s financial and operating results.
Forward-Looking Statements
These forward-looking statements are inherently difficult to predict. Actual results and outcomes could differ materially for a variety of reasons, including, in addition to the factors discussed above, the amount that Amazon.com invests in new business opportunities and the timing of those investments, the mix of products and services sold to customers, the mix of net sales derived from products as compared with services, the extent to which we owe income or other taxes, competition, management of growth, potential fluctuations in operating results, international growth and expansion, the outcomes of claims, litigation, government investigations, and other proceedings, fulfillment, sortation, delivery, and data center optimization, risks of inventory management, variability in demand, the degree to which the Company enters into, maintains, and develops commercial agreements, proposed and completed acquisitions and strategic transactions, payments risks, and risks of fulfillment throughput and productivity. Other risks and uncertainties include, among others, risks related to new products, services, and technologies, security breaches, system interruptions, government regulation and taxation, and fraud. In addition, global economic and geopolitical conditions and additional or unforeseen circumstances, developments, or events may give rise to or amplify many of these risks. More information about factors that potentially could affect Amazon.com’s financial results is included in Amazon.com’s filings with the Securities and Exchange Commission (“SEC”), including its most recent Annual Report on Form 10-K and subsequent filings.
Additional Information
Our investor relations website is amazon.com/ir and we encourage investors to use it as a way of easily finding information about us. We promptly make available on this website, free of charge, the reports that we file or furnish with the SEC, corporate governance information (including our Code of Business Conduct and Ethics), and select press releases, which may contain material information about us, and you may subscribe to be notified of new information posted to this site.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.



AMAZON.COM, INC.
Consolidated Statements of Cash Flows
(in millions)
(unaudited) 
  
Three Months Ended
September 30,		Nine Months Ended
September 30,		Twelve Months Ended
September 30,
 202320242023202420232024
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD$50,067 $71,673 $54,253 $73,890 $35,178 $50,081 
OPERATING ACTIVITIES:
Net income9,879 15,328 19,801 39,244 20,079 49,868 
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other12,131 13,442 34,843 37,164 47,528 50,984 
Stock-based compensation5,829 5,333 17,704 17,016 23,310 23,335 
Non-operating expense (income), net(990)(141)(409)2,498 3,036 2,159 
Deferred income taxes(1,196)(1,317)(4,412)(3,040)(7,779)(4,504)
Changes in operating assets and liabilities:
Inventories808 (1,509)(1,194)(2,818)1,986 (175)
Accounts receivable, net and other(3,584)(701)(901)774 (5,641)(6,673)
Other assets(3,134)(4,537)(9,463)(10,293)(13,511)(13,095)
Accounts payable2,820 (477)(5,415)(5,754)4,437 5,134 
Accrued expenses and other(1,321)129 (9,022)(6,946)(3,245)(352)
Unearned revenue(25)421 949 2,396 1,454 6,025 
Net cash provided by (used in) operating activities21,217 25,971 42,481 70,241 71,654 112,706 
INVESTING ACTIVITIES:
Purchases of property and equipment(12,479)(22,620)(38,141)(55,165)(54,733)(69,753)
Proceeds from property and equipment sales and incentives1,181 1,342 3,361 3,559 4,513 4,794 
Acquisitions, net of cash acquired, non-marketable investments, and other(1,629)(622)(5,458)(4,547)(6,289)(4,928)
Sales and maturities of marketable securities1,393 8,069 4,059 12,726 9,742 14,294 
Purchases of marketable securities(219)(3,068)(1,053)(13,472)(1,286)(13,907)
Net cash provided by (used in) investing activities(11,753)(16,899)(37,232)(56,899)(48,053)(69,500)
FINANCING ACTIVITIES:
Proceeds from short-term debt, and other216 1,725 17,395 2,588 28,002 3,322 
Repayments of short-term debt, and other(8,095)(1,820)(19,339)(2,453)(35,136)(8,791)
Proceeds from long-term debt— — — — 8,235 — 
Repayments of long-term debt— (2,183)(3,386)(6,682)(4,643)(6,972)
Principal repayments of finance leases(1,005)(402)(3,605)(1,710)(5,245)(2,489)
Principal repayments of financing obligations(64)(78)(198)(247)(260)(320)
Net cash provided by (used in) financing activities(8,948)(2,758)(9,133)(8,504)(9,047)(15,250)
Foreign currency effect on cash, cash equivalents, and restricted cash(502)690 (288)(51)349 640 
Net increase (decrease) in cash, cash equivalents, and restricted cash14 7,004 (4,172)4,787 14,903 28,596 
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD$50,081 $78,677 $50,081 $78,677 $50,081 $78,677 
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest$465 $266 $1,821 $1,215 $2,450 $2,002 
Cash paid for operating leases2,692 2,940 7,687 9,116 10,052 11,882 
Cash paid for interest on finance leases76 71 234 217 318 291 
Cash paid for interest on financing obligations50 47 150 161 205 207 
Cash paid for income taxes, net of refunds2,628 2,004 6,982 8,162 8,677 12,359 
Assets acquired under operating leases3,345 3,571 11,075 11,235 15,844 14,212 
Property and equipment acquired under finance leases, net of remeasurements and modifications183 186 431 409 748 620 
Property and equipment recognized during the construction period of build-to-suit lease arrangements93 21 308 89 618 138 
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating492 — 1,212 — 3,063 162 


AMAZON.COM, INC.
Consolidated Statements of Operations
(in millions, except per share data)
(unaudited)
  
Three Months Ended
September 30,		Nine Months Ended
September 30,
2023202420232024
Net product sales$63,171 $67,601 $179,184 $190,085 
Net service sales79,912 91,276 225,640 260,082 
Total net sales143,083 158,877 404,824 450,167 
Operating expenses:
Cost of sales75,022 80,977 212,186 227,395 
Fulfillment22,314 24,660 64,524 70,543 
Technology and infrastructure21,203 22,245 63,584 64,973 
Sales and marketing10,551 10,609 31,468 30,783 
General and administrative2,561 2,713 8,806 8,496 
Other operating expense (income), net244 262 613 587 
Total operating expenses131,895 141,466 381,181 402,777 
Operating income11,188 17,411 23,643 47,390 
Interest income776 1,256 2,048 3,429 
Interest expense(806)(603)(2,469)(1,836)
Other income (expense), net1,031 (27)649 (2,718)
Total non-operating income (expense)1,001 626 228 (1,125)
Income before income taxes12,189 18,037 23,871 46,265 
Provision for income taxes(2,306)(2,706)(4,058)(6,940)
Equity-method investment activity, net of tax(4)(3)(12)(81)
Net income$9,879 $15,328 $19,801 $39,244 
Basic earnings per share$0.96 $1.46 $1.93 $3.76 
Diluted earnings per share$0.94 $1.43 $1.89 $3.67 
Weighted-average shares used in computation of earnings per share:
Basic10,322 10,501 10,286 10,447 
Diluted10,558 10,735 10,452 10,705 


AMAZON.COM, INC.
Consolidated Statements of Comprehensive Income
(in millions)
(unaudited)
  
Three Months Ended
September 30,		Nine Months Ended
September 30,
 2023202420232024
Net income$9,879 $15,328 $19,801 $39,244 
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax of $36, $(45), $4, and $43(1,388)1,911 (738)178 
Available-for-sale debt securities:
Change in net unrealized gains (losses), net of tax of $(18), $(55), $(52), and $(282)62 167 174 944 
Less: reclassification adjustment for losses (gains) included in “Other income (expense), net,” net of tax of $0, $0, $(15), and $(1)3 — 48 4 
Net change65 167 222 948 
Other, net of tax of $0, $3, $0, and $1— (3)— (4)
Total other comprehensive income (loss)(1,323)2,075 (516)1,122 
Comprehensive income$8,556 $17,403 $19,285 $40,366 


AMAZON.COM, INC.
Segment Information
(in millions)
(unaudited) 
  
Three Months Ended
September 30,		Nine Months Ended
September 30,
2023202420232024
North America
Net sales$87,887 $95,537 $247,314 $271,911 
Operating expenses83,580 89,874 238,898 256,200 
Operating income$4,307 $5,663 $8,416 $15,711 
International
Net sales$32,137 $35,888 $90,957 $99,486 
Operating expenses32,232 34,587 93,194 97,009 
Operating income (loss)$(95)$1,301 $(2,237)$2,477 
AWS
Net sales$23,059 $27,452 $66,553 $78,770 
Operating expenses16,083 17,005 49,089 49,568 
Operating income$6,976 $10,447 $17,464 $29,202 
Consolidated
Net sales$143,083 $158,877 $404,824 $450,167 
Operating expenses131,895 141,466 381,181 402,777 
Operating income11,188 17,411 23,643 47,390 
Total non-operating income (expense)1,001 626 228 (1,125)
Provision for income taxes(2,306)(2,706)(4,058)(6,940)
Equity-method investment activity, net of tax(4)(3)(12)(81)
Net income$9,879 $15,328 $19,801 $39,244 
Segment Highlights:
Y/Y net sales growth:
North America11 %9 %11 %10 %
International16 12 9 9 
AWS12 19 13 18 
Consolidated13 11 11 11 
Net sales mix:
North America61 %60 %61 %60 %
International23 23 23 22 
AWS16 17 16 18 
Consolidated100 %100 %100 %100 %


AMAZON.COM, INC.
Consolidated Balance Sheets
(in millions, except per share data)
 (unaudited)
December 31, 2023September 30, 2024
ASSETS
Current assets:
Cash and cash equivalents$73,387 $75,091 
Marketable securities13,393 12,960 
Inventories33,318 36,103 
Accounts receivable, net and other52,253 51,638 
Total current assets172,351 175,792 
Property and equipment, net204,177 237,917 
Operating leases72,513 76,527 
Goodwill22,789 23,081 
Other assets56,024 71,309 
Total assets$527,854 $584,626 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$84,981 $84,570 
Accrued expenses and other64,709 60,602 
Unearned revenue15,227 16,305 
Total current liabilities164,917 161,477 
Long-term lease liabilities77,297 79,802 
Long-term debt58,314 54,890 
Other long-term liabilities25,451 29,306 
Commitments and contingencies
Stockholders’ equity:
Preferred stock ($0.01 par value; 500 shares authorized; no shares issued or outstanding)
— — 
Common stock ($0.01 par value; 100,000 shares authorized; 10,898 and 11,026 shares issued; 10,383 and 10,511 shares outstanding)
109 110 
Treasury stock, at cost(7,837)(7,837)
Additional paid-in capital99,025 115,934 
Accumulated other comprehensive income (loss)(3,040)(1,918)
Retained earnings113,618 152,862 
Total stockholders’ equity201,875 259,151 
Total liabilities and stockholders’ equity$527,854 $584,626 



AMAZON.COM, INC.
Supplemental Financial Information and Business Metrics
(in millions, except per share data)
(unaudited)
Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Y/Y %
Change
Cash Flows and Shares
Operating cash flow -- trailing twelve months (TTM)$61,841 $71,654 $84,946 $99,147 $107,952 $112,706 57 %
Operating cash flow -- TTM Y/Y growth74 %81 %82 %82 %75 %57 %N/A
Purchases of property and equipment, net of proceeds from sales and incentives -- TTM$53,963 $50,220 $48,133 $48,998 $54,979 $64,959 29 %
Principal repayments of finance leases -- TTM$5,705 $5,245 $4,384 $3,774 $3,092 $2,489 (53)%
Principal repayments of financing obligations -- TTM$244 $260 $271 $304 $306 $320 23 %
Equipment acquired under finance leases -- TTM (1)$269 $239 $310 $306 $425 $492 106 %
Principal repayments of all other finance leases -- TTM (2)$631 $694 $683 $761 $794 $785 13 %
Free cash flow -- TTM (3)$7,878 $21,434 $36,813 $50,149 $52,973 $47,747 123 %
Free cash flow less principal repayments of finance leases and financing obligations -- TTM (4)$1,929 $15,929 $32,158 $46,071 $49,575 $44,938 182 %
Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations -- TTM (5)$6,734 $20,241 $35,549 $48,778 $51,448 $46,150 128 %
Common shares and stock-based awards outstanding10,794 10,792 10,788 10,788 10,871 10,872 1 %
Common shares outstanding10,313 10,330 10,383 10,403 10,490 10,511 2 %
Stock-based awards outstanding481 462 406 385 381 361 (22)%
Stock-based awards outstanding -- % of common shares outstanding4.7 %4.5 %3.9 %3.7 %3.6 %3.4 %N/A
Results of Operations
Worldwide (WW) net sales$134,383 $143,083 $169,961 $143,313 $147,977 $158,877 11 %
WW net sales -- Y/Y growth, excluding F/X11 %11 %13 %13 %11 %11 %N/A
WW net sales -- TTM$538,046 $554,028 $574,785 $590,740 $604,334 $620,128 12 %
WW net sales -- TTM Y/Y growth, excluding F/X13 %12 %12 %12 %12 %12 %N/A
Operating income$7,681 $11,188 $13,209 $15,307 $14,672 $17,411 56 %
F/X impact -- favorable$104 $132 $85 $72 $29 $16 N/A
Operating income -- Y/Y growth, excluding F/X128 %338 %379 %219 %91 %55 %N/A
Operating margin -- % of WW net sales5.7 %7.8 %7.8 %10.7 %9.9 %11.0 %N/A
Operating income -- TTM$17,717 $26,380 $36,852 $47,385 $54,376 $60,599 130 %
Operating income -- TTM Y/Y growth, excluding F/X10 %99 %197 %252 %205 %129 %N/A
Operating margin -- TTM % of WW net sales3.3 %4.8 %6.4 %8.0 %9.0 %9.8 %N/A
Net income$6,750 $9,879 $10,624 $10,431 $13,485 $15,328 55 %
Net income per diluted share$0.65 $0.94 $1.00 $0.98 $1.26 $1.43 53 %
Net income -- TTM$13,072 $20,079 $30,425 $37,684 $44,419 $49,868 148 %
Net income per diluted share -- TTM$1.26 $1.93 $2.90 $3.56 $4.18 $4.67 142 %
______________________________
(1)For the twelve months ended September 30, 2023 and 2024, this amount relates to equipment included in “Property and equipment acquired under finance leases, net of remeasurements and modifications” of $748 million and $620 million.
(2)For the twelve months ended September 30, 2023 and 2024, this amount relates to property included in “Principal repayments of finance leases” of $5,245 million and $2,489 million.
(3)Free cash flow is cash flow from operations reduced by “Purchases of property and equipment, net of proceeds from sales and incentives.”
(4)Free cash flow less principal repayments of finance leases and financing obligations is free cash flow reduced by “Principal repayments of finance leases” and “Principal repayments of financing obligations.”
(5)Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations is free cash flow reduced by equipment acquired under finance leases, which is included in “Property and equipment acquired under finance leases, net of remeasurements and modifications,” principal repayments of all other finance lease liabilities, which is included in “Principal repayments of finance leases,” and “Principal repayments of financing obligations.” 






AMAZON.COM, INC.
Supplemental Financial Information and Business Metrics
(in millions)
(unaudited)
Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Y/Y %
Change
Segments
North America Segment:
  Net sales$82,546 $87,887 $105,514 $86,341 $90,033 $95,537 9 %
  Net sales -- Y/Y growth, excluding F/X11 %11 %13 %12 %9 %9 %N/A
  Net sales -- TTM$331,633 $340,677 $352,828 $362,288 $369,775 $377,425 11 %
  Operating income$3,211 $4,307 $6,461 $4,983 $5,065 $5,663 31 %
  F/X impact -- favorable (unfavorable)$(7)$(27)$(13)$8 $8 $(28)N/A
  Operating income -- Y/Y growth, excluding F/XN/AN/AN/A454 %58 %32 %N/A
  Operating margin -- % of North America net sales3.9 %4.9 %6.1 %5.8 %5.6 %5.9 %N/A
  Operating income -- TTM$3,457 $8,176 $14,877 $18,962 $20,816 $22,172 171 %
  Operating margin -- TTM % of North America net sales1.0 %2.4 %4.2 %5.2 %5.6 %5.9 %N/A
International Segment:
  Net sales$29,697 $32,137 $40,243 $31,935 $31,663 $35,888 12 %
  Net sales -- Y/Y growth, excluding F/X10 %11 %13 %11 %10 %12 %N/A
  Net sales -- TTM$121,003 $125,420 $131,200 $134,012 $135,978 $139,729 11 %
  Operating income (loss)$(895)$(95)$(419)$903 $273 $1,301 N/A
  F/X impact -- favorable (unfavorable)$32 $228 $160 $(3)$(94)$43 N/A
  Operating income (loss) -- Y/Y growth (decline), excluding F/X(48)%(87)%(74)%N/AN/AN/AN/A
  Operating margin -- % of International net sales(3.0)%(0.3)%(1.0)%2.8 %0.9 %3.6 %N/A
  Operating income (loss) -- TTM$(6,836)$(4,465)$(2,656)$(506)$662 $2,058 N/A
  Operating margin -- TTM % of International net sales(5.6)%(3.6)%(2.0)%(0.4)%0.5 %1.5 %N/A
AWS Segment:
  Net sales$22,140 $23,059 $24,204 $25,037 $26,281 $27,452 19 %
  Net sales -- Y/Y growth, excluding F/X12 %12 %13 %17 %19 %19 %N/A
  Net sales -- TTM$85,410 $87,931 $90,757 $94,440 $98,581 $102,974 17 %
  Operating income$5,365 $6,976 $7,167 $9,421 $9,334 $10,447 50 %
  F/X impact -- favorable (unfavorable)$79 $(69)$(62)$67 $115 $1 N/A
  Operating income -- Y/Y growth (decline), excluding F/X(8)%30 %39 %83 %72 %50 %N/A
  Operating margin -- % of AWS net sales24.2 %30.3 %29.6 %37.6 %35.5 %38.1 %N/A
  Operating income -- TTM$21,096 $22,669 $24,631 $28,929 $32,898 $36,369 60 %
  Operating margin -- TTM % of AWS net sales24.7 %25.8 %27.1 %30.6 %33.4 %35.3 %N/A




AMAZON.COM, INC.
Supplemental Financial Information and Business Metrics
(in millions, except employee data)
(unaudited)
Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Y/Y %
Change
Net Sales
Online stores (1)$52,966 $57,267 $70,543 $54,670 $55,392 $61,411 7 %
Online stores -- Y/Y growth, excluding F/X5 %6 %8 %7 %6 %8 %N/A
Physical stores (2)$5,024 $4,959 $5,152 $5,202 $5,206 $5,228 5 %
Physical stores -- Y/Y growth, excluding F/X7 %6 %4 %6 %4 %5 %N/A
Third-party seller services (3)$32,332 $34,342 $43,559 $34,596 $36,201 $37,864 10 %
Third-party seller services -- Y/Y growth, excluding F/X18 %18 %19 %16 %13 %10 %N/A
Advertising services (4)$10,683 $12,060 $14,654 $11,824 $12,771 $14,331 19 %
Advertising services -- Y/Y growth, excluding F/X22 %25 %26 %24 %20 %19 %N/A
Subscription services (5)$9,894 $10,170 $10,488 $10,722 $10,866 $11,278 11 %
Subscription services -- Y/Y growth, excluding F/X14 %13 %13 %11 %11 %11 %N/A
AWS$22,140 $23,059 $24,204 $25,037 $26,281 $27,452 19 %
AWS -- Y/Y growth, excluding F/X12 %12 %13 %17 %19 %19 %N/A
Other (6)$1,344 $1,226 $1,361 $1,262 $1,260 $1,313 7 %
Other -- Y/Y growth (decline), excluding F/X26 %(3)%8 %23 %(6)%5 %N/A
Stock-based Compensation Expense
Cost of sales$251 $193 $227 $174 $266 $193 (1)%
Fulfillment$932 $732 $823 $636 $944 $696 (5)%
Technology and infrastructure$4,043 $3,284 $3,533 $2,772 $3,670 $2,961 (10)%
Sales and marketing$1,303 $1,111 $1,216 $932 $1,224 $1,012 (9)%
General and administrative$598 $509 $520 $447 $618 $471 (8)%
Total stock-based compensation expense$7,127 $5,829 $6,319 $4,961 $6,722 $5,333 (9)%
Other
WW shipping costs$20,418 $21,799 $27,326 $21,834 $21,965 $23,501 8 %
WW shipping costs -- Y/Y growth6 %9 %11 %10 %8 %8 %N/A
WW paid units -- Y/Y growth (7)9 %9 %12 %12 %11 %12 %N/A
WW seller unit mix -- % of WW paid units (7)60 %60 %61 %61 %61 %60 %N/A
Employees (full-time and part-time; excludes contractors & temporary personnel)1,461,000 1,500,000 1,525,000 1,521,000 1,532,000 1,551,000 3 %
Employees (full-time and part-time; excludes contractors & temporary personnel) -- Y/Y growth (decline)(4)%(3)%(1)%4 %5 %3 %N/A
________________________
(1)Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital media content subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.”
(2)Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.”
(3)Includes commissions and any related fulfillment and shipping fees, and other third-party seller services.
(4)Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.
(5)Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services.
(6)Includes sales related to various other offerings, such as health care services, certain licensing and distribution of video content, and shipping services, and our co-branded credit card agreements.
(7)Excludes the impact of Whole Foods Market.



Amazon.com, Inc.
Certain Definitions
Customer Accounts
•References to customers mean customer accounts established when a customer places an order through one of our stores. Customer accounts exclude certain customers, including customers associated with certain of our acquisitions, Amazon Payments customers, AWS customers, and the customers of select companies with whom we have a technology alliance or marketing and promotional relationship. Customers are considered active when they have placed an order during the preceding twelve-month period.
Seller Accounts
•References to sellers means seller accounts, which are established when a seller receives an order from a customer account. Sellers are considered active when they have received an order from a customer during the preceding twelve-month period.
AWS Customers
•References to AWS customers mean unique AWS customer accounts, which are unique customer account IDs that are eligible to use AWS services. This includes AWS accounts in the AWS free tier. Multiple users accessing AWS services via one account ID are counted as a single account. Customers are considered active when they have had AWS usage activity during the preceding one-month period.
Units
•References to units mean physical and digital units sold (net of returns and cancellations) by us and sellers in our stores as well as Amazon-owned items sold in other stores. Units sold are paid units and do not include units associated with AWS, certain acquisitions, certain subscriptions, rental businesses, or advertising businesses, or Amazon gift cards.

Contacts:
Amazon Investor Relations Amazon Public Relations
amazon-ir@amazon.com amazon-pr@amazon.com
amazon.com/ir amazon.com/pr


Exhibit 99.2
Non-GAAP Financial Measures
Regulation G, Conditions for Use of Non-GAAP Financial Measures, and other SEC regulations define and prescribe the conditions for use of certain non-GAAP financial information. Our measures of free cash flows and the effect of foreign exchange rates on our consolidated statements of operations meet the definition of non-GAAP financial measures.
We provide multiple measures of free cash flows because we believe these measures provide additional perspective on the impact of acquiring property and equipment with cash and through finance leases and financing obligations.
Free cash flow is cash flow from operations reduced by “Purchases of property and equipment, net of proceeds from sales and incentives.”
Free cash flow less principal repayments of finance leases and financing obligations is free cash flow reduced by “Principal repayments of finance leases” and “Principal repayments of financing obligations.”
Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations is free cash flow reduced by equipment acquired under finance leases, which is included in “Property and equipment acquired under finance leases, net of remeasurements and modifications,” principal repayments of all other finance lease liabilities, which is included in “Principal repayments of finance leases,” and “Principal repayments of financing obligations.” All other finance lease liabilities and financing obligations consists of property. In this measure, equipment acquired under finance leases is reflected as if these assets had been purchased with cash, which is not the case as these assets have been leased.
All of these free cash flows measures have limitations as they omit certain components of the overall cash flow statement and do not represent the residual cash flow available for discretionary expenditures. For example, these measures of free cash flows do not incorporate the portion of payments representing principal reductions of debt or cash payments for business acquisitions. Additionally, our mix of property and equipment acquisitions with cash or other financing options may change over time. Therefore, we believe it is important to view free cash flows measures only as a complement to our entire consolidated statements of cash flows.
For a quantitative reconciliation of our free cash flow measures to the most directly comparable amounts reported in accordance with GAAP, see “Supplemental Financial Information and Business Metrics” in Exhibit 99.1 to this Current Report on Form 8-K.
The effect on our consolidated statements of operations from changes in foreign exchange rates versus the U.S. Dollar is also a non-GAAP financial measure. Information regarding the effect of foreign exchange rates, versus the U.S. Dollar, on our consolidated statements of operations is provided to show reported period operating results had the foreign exchange rates remained the same as those in effect in the comparable prior year period. We include various measures on both an as-reported basis and a basis showing the effect of changes in foreign exchange rates versus the U.S. Dollar in “Supplemental Financial Information and Business Metrics” in Exhibit 99.1 to this Current Report on Form 8-K.


v3.24.3
Cover
Oct. 31, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Oct. 31, 2024
Entity Registrant Name AMAZON.COM, INC.
Entity Incorporation, State or Country Code DE
Entity File Number 000-22513
Entity Tax Identification Number 91-1646860
Entity Address, Address Line One 410 Terry Avenue North
Entity Address, City or Town Seattle
Entity Address, State or Province WA
Entity Address, Postal Zip Code 98109-5210
City Area Code 206
Local Phone Number 266-1000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, par value $.01 per share
Trading Symbol AMZN
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0001018724
Amendment Flag false
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