Amazon Files 10-Q for Q2 2024
Ticker: AMZN · Form: 10-Q · Filed: Aug 2, 2024 · CIK: 1018724
Sentiment: neutral
Topics: 10-Q, quarterly-filing, financials
Related Tickers: AMZN
TL;DR
**AMZN Q2 2024 10-Q FILED. FINANCIALS OUT.**
AI Summary
Amazon.com, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial performance and position, including its significant assets and liabilities. Key financial data points from this period are crucial for understanding Amazon's ongoing operational scale and financial health.
Why It Matters
This filing provides investors and analysts with the latest official financial data for Amazon, enabling informed decisions about the company's performance and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing and does not inherently introduce new risks.
Key Players & Entities
- Amazon.com, Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 410 TERRY AVENUE NORTH (address) — Amazon's business and mailing address
- SEATTLE (location) — Amazon's city
- WA (location) — Amazon's state
- 98109 (zip_code) — Amazon's zip code
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing is for the period ending June 30, 2024.
What is Amazon's primary business classification according to the filing?
Amazon is classified under RETAIL-CATALOG & MAIL-ORDER HOUSES [5961].
Where is Amazon's principal business address listed?
Amazon's business address is listed as 410 TERRY AVENUE NORTH, SEATTLE, WA 98109.
What is the SEC file number for Amazon?
The SEC file number for Amazon is 000-22513.
When was this 10-Q filing submitted?
This 10-Q filing was submitted on August 2, 2024.
Filing Stats: 4,817 words · 19 min read · ~16 pages · Grade level 14 · Accepted 2024-08-01 18:39:50
Key Financial Figures
- $0.01 — 6,881 shares of common stock, par value $0.01 per share, outstanding as of July 24, 2
Filing Documents
- amzn-20240630.htm (10-Q) — 1344KB
- amzn-20240630xex311.htm (EX-31.1) — 8KB
- amzn-20240630xex312.htm (EX-31.2) — 8KB
- amzn-20240630xex321.htm (EX-32.1) — 4KB
- amzn-20240630xex322.htm (EX-32.2) — 4KB
- 0001018724-24-000130.txt ( ) — 7925KB
- amzn-20240630.xsd (EX-101.SCH) — 55KB
- amzn-20240630_cal.xml (EX-101.CAL) — 156KB
- amzn-20240630_def.xml (EX-101.DEF) — 181KB
- amzn-20240630_lab.xml (EX-101.LAB) — 710KB
- amzn-20240630_pre.xml (EX-101.PRE) — 440KB
- amzn-20240630_htm.xml (XML) — 1235KB
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 21
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 32
Controls and Procedures
Item 4. Controls and Procedures 33
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 34
Risk Factors
Item 1A. Risk Factors 34
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 45
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 45
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 45
Other Information
Item 5. Other Information 45
Exhibits
Item 6. Exhibits 46
Signatures
Signatures 47 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 June 30, Six Months Ended June 30, Twelve Months Ended June 30, 2023 2024 2023 2024 2023 2024 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $ 49,734 $ 73,332 $ 54,253 $ 73,890 $ 37,700 $ 50,067 OPERATING ACTIVITIES: Net income 6,750 13,485 9,922 23,916 13,072 44,419 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 11,589 12,038 22,712 23,722 45,724 49,673 Stock-based compensation 7,127 6,722 11,875 11,683 23,037 23,831 Non-operating expense (income), net 47 ( 95 ) 581 2,639 2,754 1,310 Deferred income taxes ( 2,744 ) ( 785 ) ( 3,216 ) ( 1,723 ) ( 7,408 ) ( 4,383 ) Changes in operating assets and liabilities: Inventories ( 2,373 ) ( 3,085 ) ( 2,002 ) ( 1,309 ) 1,910 2,142 Accounts receivable, net and other ( 2,041 ) ( 2,209 ) 2,683 1,475 ( 2,686 ) ( 9,556 ) Other assets ( 3,126 ) ( 3,055 ) ( 6,329 ) ( 5,756 ) ( 14,542 ) ( 11,692 ) Accounts payable 3,029 6,005 ( 8,235 ) ( 5,277 ) 391 8,431 Accrued expenses and other ( 1,938 ) ( 4,147 ) ( 7,701 ) ( 7,075 ) ( 1,944 ) ( 1,802 ) Unearned revenue 156 407 974 1,975 1,533 5,579 Net cash provided by (used in) operating activities 16,476 25,281 21,264 44,270 61,841 107,952 INVESTING ACTIVITIES: Purchases of property and equipment ( 11,455 ) ( 17,620 ) ( 25,662 ) ( 32,545 ) ( 58,632 ) ( 59,612 ) Proceeds from property and equipment sales and incentives 1,043 1,227 2,180 2,217 4,669 4,633 Acquisitions, net of cash acquired, non-marketable investments, and other ( 316 ) ( 571 ) ( 3,829 ) ( 3,925 ) ( 5,545 ) ( 5,935 ) Sales and maturities of marketable securities 1,551 3,265 2,666 4,657 8,906 7,618 Purchases of marketable securities ( 496 ) ( 8,439 ) ( 834 ) ( 10,404 ) ( 1,306 ) ( 11,058 ) Net cash provided by
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