Stock Analysis on Net
Stock Analysis on Net

Amazon.com Inc. (NASDAQ:AMZN)

Common-Size Income Statement 

Amazon.com Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net product sales 47.26 51.46 55.93 57.18 60.94
Net services sales 52.74 48.54 44.07 42.82 39.06
Net sales 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of sales -56.19 -57.97 -60.43 -59.01 -59.75
Gross profit 43.81% 42.03% 39.57% 40.99% 40.25%
Fulfillment -16.40 -15.99 -15.16 -14.34 -14.61
Technology and content -14.24 -11.93 -11.07 -12.81 -12.38
Sales and marketing -8.22 -6.93 -5.70 -6.73 -5.93
General and administrative -2.31 -1.88 -1.73 -1.85 -1.86
Other operating income (expense), net -0.25 -0.01 0.02 -0.07 -0.13
Operating income 2.38% 5.30% 5.93% 5.18% 5.33%
Interest income 0.19 0.10 0.14 0.30 0.19
Interest expense -0.46 -0.39 -0.43 -0.57 -0.61
Marketable equity securities valuation gains (losses) -2.70 2.45 0.14 0.00 0.06
Equity warrant valuation gains (losses) -0.41 0.28 0.40 0.00 -0.06
Upward adjustments relating to equity investments in private companies 0.01 0.40 0.09 0.12 0.00
Foreign currency gains (losses) -0.07 -0.01 0.01 -0.01 -0.09
Other, net -0.11 0.00 -0.02 -0.04 0.00
Other income (expense), net -3.27% 3.11% 0.61% 0.07% -0.08%
Non-operating income (expense) -3.54% 2.82% 0.33% -0.20% -0.50%
Income (loss) before income taxes -1.15% 8.12% 6.26% 4.98% 4.84%
(Provision) benefit for income taxes 0.63 -1.02 -0.74 -0.85 -0.51
Equity-method investment activity, net of tax 0.00 0.00 0.00 0.00 0.00
Net income (loss) -0.53% 7.10% 5.53% 4.13% 4.33%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Amazon.com Inc. operating income as a percentage of net sales decreased from 2020 to 2021 and from 2021 to 2022.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Amazon.com Inc. income (loss) before income taxes as a percentage of net sales increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Amazon.com Inc. net income (loss) as a percentage of net sales increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.