Stock Analysis on Net

Amazon.com Inc. (NASDAQ:AMZN)

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Amazon.com Inc., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net product sales 242,901 241,787 215,915 160,408 141,915
Net services sales 271,082 228,035 170,149 120,114 90,972
Net sales 513,983 469,822 386,064 280,522 232,887
Cost of sales (288,831) (272,344) (233,307) (165,536) (139,156)
Gross profit 225,152 197,478 152,757 114,986 93,731
Fulfillment (84,299) (75,111) (58,517) (40,232) (34,027)
Technology and content (73,213) (56,052) (42,740) (35,931) (28,837)
Sales and marketing (42,238) (32,551) (22,008) (18,878) (13,814)
General and administrative (11,891) (8,823) (6,668) (5,203) (4,336)
Other operating income (expense), net (1,263) (62) 75 (201) (296)
Operating income 12,248 24,879 22,899 14,541 12,421
Interest income 989 448 555 832 440
Interest expense (2,367) (1,809) (1,647) (1,600) (1,417)
Marketable equity securities valuation gains (losses) (13,870) 11,526 525 7 145
Equity warrant valuation gains (losses) (2,132) 1,315 1,527 11 (131)
Upward adjustments relating to equity investments in private companies 76 1,866 342 328
Foreign currency gains (losses) (340) (55) 35 (20) (206)
Other, net (540) (19) (58) (123) 9
Other income (expense), net (16,806) 14,633 2,371 203 (183)
Non-operating income (expense) (18,184) 13,272 1,279 (565) (1,160)
Income (loss) before income taxes (5,936) 38,151 24,178 13,976 11,261
(Provision) benefit for income taxes 3,217 (4,791) (2,863) (2,374) (1,197)
Equity-method investment activity, net of tax (3) 4 16 (14) 9
Net income (loss) (2,722) 33,364 21,331 11,588 10,073

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
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Amazon.com Inc. net sales increased from 2020 to 2021 and from 2021 to 2022.
Operating income The net result for the period of deducting operating expenses from operating revenues. Amazon.com Inc. operating income increased from 2020 to 2021 but then decreased significantly 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 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) increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.