Amazon Files Q3 2024 10-Q Financial Report

TL;DR

**AMZN Q3 10-Q FILED: Official financials out, check for key performance indicators.**

AI Summary

Amazon.com Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial position, including assets, liabilities, and equity. Key financial data points and disclosures are presented for the third quarter of 2024.

Why It Matters

This filing provides investors and analysts with the official financial performance and position of Amazon for the third quarter of 2024, crucial for understanding the company's ongoing operations and future outlook.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not inherently introduce new risks beyond those already associated with Amazon's business operations.

Key Players & Entities

• AMAZON COM INC (company) — Filer of the 10-Q
• 20240930 (date) — Period of report for the 10-Q
• 2024 Q3 (date) — Quarterly period covered by the filing
• 0001018724 (company) — Central Index Key for Amazon.com Inc.

FAQ

Key Financial Figures

• $0.01 — 1,008 shares of common stock, par value $0.01 per share, outstanding as of October 18

Filing Documents

• amzn-20240930.htm (10-Q) — 1352KB
• amzn-20240930xex101.htm (EX-10.1) — 833KB
• amzn-20240930xex311.htm (EX-31.1) — 8KB
• amzn-20240930xex312.htm (EX-31.2) — 8KB
• amzn-20240930xex321.htm (EX-32.1) — 4KB
• amzn-20240930xex322.htm (EX-32.2) — 4KB
• 0001018724-24-000161.txt ( ) — 8970KB
• amzn-20240930.xsd (EX-101.SCH) — 54KB
• amzn-20240930_cal.xml (EX-101.CAL) — 148KB
• amzn-20240930_def.xml (EX-101.DEF) — 233KB
• amzn-20240930_lab.xml (EX-101.LAB) — 719KB
• amzn-20240930_pre.xml (EX-101.PRE) — 449KB
• amzn-20240930_htm.xml (XML) — 1236KB

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 September 30, Nine Months Ended September 30, Twelve Months Ended September 30, 2023 2024 2023 2024 2023 2024 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $ 50,067 $ 71,673 $ 54,253 $ 73,890 $ 35,178 $ 50,081 OPERATING ACTIVITIES: Net income 9,879 15,328 19,801 39,244 20,079 49,868 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 12,131 13,442 34,843 37,164 47,528 50,984 Stock-based compensation 5,829 5,333 17,704 17,016 23,310 23,335 Non-operating expense (income), net ( 990 ) ( 141 ) ( 409 ) 2,498 3,036 2,159 Deferred income taxes ( 1,196 ) ( 1,317 ) ( 4,412 ) ( 3,040 ) ( 7,779 ) ( 4,504 ) Changes in operating assets and liabilities: Inventories 808 ( 1,509 ) ( 1,194 ) ( 2,818 ) 1,986 ( 175 ) Accounts receivable, net and other ( 3,584 ) ( 701 ) ( 901 ) 774 ( 5,641 ) ( 6,673 ) Other assets ( 3,134 ) ( 4,537 ) ( 9,463 ) ( 10,293 ) ( 13,511 ) ( 13,095 ) Accounts payable 2,820 ( 477 ) ( 5,415 ) ( 5,754 ) 4,437 5,134 Accrued expenses and other ( 1,321 ) 129 ( 9,022 ) ( 6,946 ) ( 3,245 ) ( 352 ) Unearned revenue ( 25 ) 421 949 2,396 1,454 6,025 Net cash provided by (used in) operating activities 21,217 25,971 42,481 70,241 71,654 112,706 INVESTING ACTIVITIES: Purchases of property and equipment ( 12,479 ) ( 22,620 ) ( 38,141 ) ( 55,165 ) ( 54,733 ) ( 69,753 ) Proceeds from property and equipment sales and incentives 1,181 1,342 3,361 3,559 4,513 4,794 Acquisitions, net of cash acquired, non-marketable investments, and other ( 1,629 ) ( 622 ) ( 5,458 ) ( 4,547 ) ( 6,289 ) ( 4,928 ) Sales and maturities of marketable securities 1,393 8,069 4,059 12,726 9,742 14,294 Purchases of marketable securities ( 219 ) ( 3,068 ) ( 1,053 ) ( 13,472 ) ( 1,286 ) ( 1

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. Intercompany balances and

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View this 10-Q filing on SEC EDGAR