Amazon.com Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Amazon.com Inc. has submitted its quarterly 10-Q filing for the period ending March 31, 2024.</b>

AI Summary

AMAZON COM INC (AMZN) filed a Quarterly Report (10-Q) with the SEC on May 1, 2024. Amazon.com Inc. filed its 10-Q report for the quarterly period ended March 31, 2024. The filing covers the period from January 1, 2024, to March 31, 2024. Key financial data points and disclosures are included in this report. The report was filed on May 1, 2024. Amazon's fiscal year ends on December 31.

Why It Matters

For investors and stakeholders tracking AMAZON COM INC, this filing contains several important signals. This 10-Q filing provides investors with the latest financial performance and operational updates for Amazon.com Inc. for the first quarter of 2024. Understanding the details within this report is crucial for assessing Amazon's current financial health, strategic direction, and potential future performance.

Risk Assessment

Risk Level: low — AMAZON COM INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediately apparent unusual or high-risk information, reflecting routine disclosure requirements.

Analyst Insight

Review the detailed financial statements and segment performance within the 10-Q to understand Amazon's Q1 2024 results and identify any emerging trends.

Key Numbers

• 2024-03-31 — Period End Date (Conformed period of report)
• 2024-05-01 — Filing Date (Filed as of date)
• 12/31 — Fiscal Year End (Fiscal year end)
• 2024 Q1 — Reporting Quarter (Reporting quarter)

Key Players & Entities

• AMAZON COM INC (company) — Filer name
• AMZN (company) — Ticker symbol
• 2024-03-31 (date) — Conformed period of report
• 2024-05-01 (date) — Filed as of date
• DE (jurisdiction) — State of incorporation
• SEATTLE (location) — Business address city
• WA (location) — Business address state
• 98109 (postal_code) — Business address zip

FAQ

Industry Context

Amazon.com Inc. operates in the e-commerce and cloud computing industries, facing competition from various online retailers and cloud service providers.

Regulatory Implications

As a publicly traded company, Amazon.com Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of quarterly (10-Q) and annual (10-K) reports.

What Investors Should Do

1. Analyze the revenue breakdown by segment (e.g., online stores, AWS, advertising) to understand growth drivers.
2. Examine the balance sheet for changes in assets, liabilities, and equity, paying attention to cash and debt levels.
3. Review the cash flow statement to assess operating, investing, and financing activities.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-01: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial filing for the first quarter of 2024, so direct comparison to a prior period's 10-Q is not applicable within this specific document's metadata.

Key Financial Figures

• $0.01 — 7,415 shares of common stock, par value $0.01 per share, outstanding as of April 24,

Filing Documents

• amzn-20240331.htm (10-Q) — 1114KB
• amzn-20240331xex311.htm (EX-31.1) — 8KB
• amzn-20240331xex312.htm (EX-31.2) — 8KB
• amzn-20240331xex321.htm (EX-32.1) — 4KB
• amzn-20240331xex322.htm (EX-32.2) — 4KB
• 0001018724-24-000083.txt (&nbsp;) — 7254KB
• amzn-20240331.xsd (EX-101.SCH) — 57KB
• amzn-20240331_cal.xml (EX-101.CAL) — 157KB
• amzn-20240331_def.xml (EX-101.DEF) — 193KB
• amzn-20240331_lab.xml (EX-101.LAB) — 709KB
• amzn-20240331_pre.xml (EX-101.PRE) — 445KB
• amzn-20240331_htm.xml (XML) — 1014KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 3 Consolidated Statements of Cash Flows 3 Consolidated Statements of Operations 4 Consolidated Statements of Comprehensive Income 5 Consolidated Balance Sheets 6

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 22

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 33

Controls and Procedures

Item 4. Controls and Procedures 34

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 35

Risk Factors

Item 1A. Risk Factors 35

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 46

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 46

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 46

Other Information

Item 5. Other Information 46

Exhibits

Item 6. Exhibits 47

Signatures

Signatures 48 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) (unaudited) Three Months Ended March 31, Twelve Months Ended March 31, 2023 2024 2023 2024 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $ 54,253 $ 73,890 $ 36,599 $ 49,734 OPERATING ACTIVITIES: Net income 3,172 10,431 4,294 37,684 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 other 11,123 11,684 43,851 49,224 Stock-based compensation 4,748 4,961 21,119 24,236 Non-operating expense (income), net 534 2,734 8,811 1,452 Deferred income taxes ( 472 ) ( 938 ) ( 6,619 ) ( 6,342 ) Changes in operating assets and liabilities: Inventories 371 1,776 393 2,854 Accounts receivable, net and other 4,724 3,684 ( 4,361 ) ( 9,388 ) Other assets ( 3,203 ) ( 2,701 ) ( 14,499 ) ( 11,763 ) Accounts payable ( 11,264 ) ( 11,282 ) 1,061 5,455 Accrued expenses and other ( 5,763 ) ( 2,928 ) ( 1,418 ) 407 Unearned revenue 818 1,568 1,698 5,328 Net cash provided by (used in) operating activities 4,788 18,989 54,330 99,147 INVESTING ACTIVITIES: Purchases of property and equipment ( 14,207 ) ( 14,925 ) ( 62,901 ) ( 53,447 ) Proceeds from property and equipment sales and incentives 1,137 990 5,252 4,449 Acquisitions, net of cash acquired, non-marketable investments, and other ( 3,513 ) ( 3,354 ) ( 5,488 ) ( 5,680 ) Sales and maturities of marketable securities 1,115 1,392 9,963 5,904 Purchases of marketable securities ( 338 ) ( 1,965 ) ( 1,139 ) ( 3,115 ) Net cash provided by (used in) investing activities ( 15,806 ) ( 17,862 ) ( 54,313 ) ( 51,889 ) FINANCING ACTIVITIES: Common stock repurchased — — ( 3,334 ) — Proceeds from short-term debt, and other 12,780 338 40,590 5,687 Repayments of short-term debt, and other ( 3,603 ) ( 404 ) ( 34,926 ) ( 22,478 ) Proceeds from long-term debt — — 21,166 — Repayme

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited) Note 1 — ACCOUNTING POLICIES AND SUPPLEMENTAL DISCLOSURES Unaudited Interim Financial Information We have prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC") for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated cash flows, operating results, and balance sheets for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2024 due to seasonal and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States ("GAAP") have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, "Financial Statements and Supplementary Data," of our 2023 Annual Report on Form 10-K. Prior Period Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. "Other assets" were reclassified out of "Accounts receivable, net and other" on our consolidated statements of cash flows. Principles of Consolidation The consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the "Company"), consisting of its wholly-owned subsidiaries and those entities in which we have a variable interest and of which we are the primary beneficiary, including certain entities in India and certain entities that support our health care services and seller lending financi

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