Stock Analysis on Net
Stock Analysis on Net

Amazon.com Inc. (NASDAQ:AMZN)

Common-Size Income Statement
Quarterly Data

Beginner level

Amazon.com Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Net product sales 52.98 56.59 54.89 56.51 55.45 57.81 56.77 56.55 57.43 61.75 59.65 60.25 61.92 68.36 65.76 65.20 66.46 70.02 68.29 69.45 70.66
Net service sales 47.02 43.41 45.11 43.49 44.55 42.19 43.23 43.45 42.57 38.25 40.35 39.75 38.08 31.64 34.24 34.80 33.54 29.98 31.71 30.55 29.34
Net sales 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of sales -57.50 -63.15 -59.40 -59.23 -58.66 -61.73 -59.02 -57.31 -56.82 -61.87 -58.33 -57.92 -60.22 -63.68 -62.98 -61.79 -62.83 -66.21 -64.99 -63.08 -64.77
Gross profit 42.50% 36.85% 40.60% 40.77% 41.34% 38.27% 40.98% 42.69% 43.18% 38.13% 41.67% 42.08% 39.78% 36.32% 37.02% 38.21% 37.17% 33.79% 35.01% 36.92% 35.23%
Fulfillment -15.23 -14.71 -15.29 -15.53 -15.28 -13.94 -14.53 -14.62 -14.41 -13.85 -14.63 -15.00 -15.27 -14.84 -14.68 -13.59 -13.15 -13.07 -13.25 -12.75 -12.66
Technology and content -11.51 -9.60 -11.42 -11.68 -12.36 -11.14 -13.15 -14.30 -13.28 -10.60 -12.66 -13.70 -13.24 -10.44 -13.59 -14.62 -13.48 -10.39 -12.64 -12.76 -12.11
Marketing -5.72 -5.89 -5.65 -4.89 -6.40 -7.06 -6.79 -6.77 -6.14 -6.78 -5.84 -5.49 -5.29 -5.69 -5.67 -5.87 -5.38 -5.75 -5.31 -5.08 -4.93
General and administrative -1.83 -1.57 -1.73 -1.78 -1.92 -1.61 -1.93 -2.00 -1.96 -1.54 -1.84 -2.10 -2.09 -1.73 -2.19 -2.30 -2.23 -1.64 -1.95 -1.91 -1.71
Other operating income (expense), net -0.04 0.40 -0.06 -0.33 -0.09 -0.07 -0.08 -0.14 0.01 -0.12 -0.12 -0.15 -0.12 -0.10 -0.10 -0.17 -0.12 -0.08 -0.10 -0.18 -0.15
Operating income 8.17% 5.47% 6.44% 6.57% 5.29% 4.44% 4.51% 4.86% 7.40% 5.23% 6.58% 5.64% 3.78% 3.52% 0.79% 1.65% 2.81% 2.87% 1.76% 4.23% 3.68%
Interest income 0.10 0.08 0.12 0.15 0.27 0.24 0.32 0.34 0.31 0.21 0.21 0.18 0.16 0.11 0.12 0.12 0.11 0.07 0.08 0.08 0.07
Interest expense -0.37 -0.33 -0.45 -0.45 -0.53 -0.52 -0.57 -0.60 -0.61 -0.53 -0.63 -0.65 -0.65 -0.56 -0.52 -0.38 -0.39 -0.30 -0.36 -0.38 -0.40
Other income (expense), net 1.56 0.96 0.96 0.73 -0.54 0.48 -0.50 -0.04 0.27 -0.28 -0.16 -0.24 0.47 0.03 0.33 0.36 0.13 0.03 0.02 -0.05 0.28
Non-operating income (expense) 1.29% 0.71% 0.64% 0.43% -0.80% 0.20% -0.75% -0.31% -0.03% -0.60% -0.59% -0.71% -0.02% -0.42% -0.07% 0.10% -0.15% -0.20% -0.26% -0.35% -0.05%
Income before income taxes 9.46% 6.18% 7.08% 7.00% 4.48% 4.64% 3.76% 4.56% 7.37% 4.63% 5.99% 4.93% 3.75% 3.09% 0.72% 1.75% 2.67% 2.67% 1.50% 3.88% 3.63%
Provision for income taxes -1.99 -0.45 -0.59 -1.11 -0.99 -0.90 -0.71 -0.41 -1.40 -0.45 -0.90 -0.14 -0.56 -0.02 -0.13 -1.23 -0.64 -0.95 -0.70 -1.01 -1.63
Equity-method investment activity, net of tax 0.00 0.02 0.09 0.01 -0.14 0.00 -0.01 -0.01 -0.01 0.01 0.00 0.01 0.00 0.00 0.00 -0.01 0.00 -0.01 -0.03 -0.05 -0.23
Net income 7.47% 5.75% 6.58% 5.90% 3.36% 3.74% 3.05% 4.14% 5.96% 4.18% 5.10% 4.79% 3.19% 3.07% 0.59% 0.52% 2.03% 1.71% 0.77% 2.82% 1.76%

Based on: 10-Q (filing date: 2021-04-30), 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Amazon.com Inc.’s operating income as a percentage of net sales decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 exceeding Q3 2020 level.
Income 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.’s income before income taxes as a percentage of net sales decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 exceeding Q3 2020 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Amazon.com Inc.’s net income as a percentage of net sales decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 exceeding Q3 2020 level.