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, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net product sales 241,787 215,915 160,408 141,915 118,573
Net services sales 228,035 170,149 120,114 90,972 59,293
Net sales 469,822 386,064 280,522 232,887 177,866
Cost of sales (272,344) (233,307) (165,536) (139,156) (111,934)
Gross profit 197,478 152,757 114,986 93,731 65,932
Fulfillment (75,111) (58,517) (40,232) (34,027) (25,249)
Technology and content (56,052) (42,740) (35,931) (28,837) (22,620)
Marketing (32,551) (22,008) (18,878) (13,814) (10,069)
General and administrative (8,823) (6,668) (5,203) (4,336) (3,674)
Other operating income (expense), net (62) 75 (201) (296) (214)
Operating income 24,879 22,899 14,541 12,421 4,106
Interest income 448 555 832 440 202
Interest expense (1,809) (1,647) (1,600) (1,417) (848)
Other income (expense), net 14,633 2,371 203 (183) 346
Non-operating income (expense) 13,272 1,279 (565) (1,160) (300)
Income before income taxes 38,151 24,178 13,976 11,261 3,806
Provision for income taxes (4,791) (2,863) (2,374) (1,197) (769)
Equity-method investment activity, net of tax 4 16 (14) 9 (4)
Net income 33,364 21,331 11,588 10,073 3,033

Based on: 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), 10-K (reporting date: 2017-12-31).

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 2019 to 2020 and from 2020 to 2021.
Operating income The net result for the period of deducting operating expenses from operating revenues. Amazon.com Inc. operating income increased from 2019 to 2020 and from 2020 to 2021.
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. income before income taxes increased from 2019 to 2020 and from 2020 to 2021.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Amazon.com Inc. net income increased from 2019 to 2020 and from 2020 to 2021.