Amazon.com Announces First Quarter Results

______________________________

(1)		For the twelve months ended March 31, 2020 and 2021, this amount relates to equipment included in “Property and equipment acquired under finance leases” of $13,262 million and $11,489 million.
(2)		For the twelve months ended March 31, 2020 and 2021, this amount relates to property included in “Principal repayments of finance leases” of $10,013 million and $11,448 million.
(3)		Free cash flow is cash flow from operations reduced by “Purchases of property and equipment, net of proceeds from sales and incentives.”
(4)		Free cash flow less principal repayments of finance leases and financing obligations is free cash flow reduced by “Principal repayments of finance leases” and “Principal repayments of financing obligations.”
(5)		Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations is free cash flow reduced by equipment acquired under finance leases, which is included in “Property and equipment acquired under finance leases,” principal repayments of all other finance lease liabilities, which is included in “Principal repayments of finance leases,” and “Principal repayments of financing obligations.”

AMAZON.COM, INC. Supplemental Financial Information and Business Metrics (in millions) (unaudited)

	Q4 2019			Q1 2020			Q2 2020			Q3 2020			Q4 2020			Q1 2021			Y/Y % Change
Segments
North America Segment:
Net sales	$	53,670		$	46,127		$	55,436		$	59,373		$	75,346		$	64,366		40	%
Net sales -- Y/Y growth, excluding F/X	22		%	29		%	44		%	39		%	40		%	39		%	N/A
Net sales -- TTM	$	170,773		$	181,088		$	197,871		$	214,606		$	236,282		$	254,521		41	%
Operating income	$	1,900		$	1,312		$	2,141		$	2,252		$	2,946		$	3,450		163	%
F/X impact -- favorable (unfavorable)	$	(3	)	$	5		$	(4	)	$	—		$	7		$	8		N/A
Operating income -- Y/Y growth (decline), excluding F/X	(16		)%	(43		)%	37		%	76		%	55		%	162		%	N/A
Operating margin -- % of North America net sales	3.5		%	2.8		%	3.9		%	3.8		%	3.9		%	5.4		%	N/A
Operating income -- TTM	$	7,033		$	6,057		$	6,634		$	7,604		$	8,651		$	10,789		78	%
Operating margin -- TTM % of North America net sales	4.1		%	3.4		%	3.4		%	3.5		%	3.7		%	4.2		%	N/A
International Segment:
Net sales	$	23,813		$	19,106		$	22,668		$	25,171		$	37,467		$	30,649		60	%
Net sales -- Y/Y growth, excluding F/X	15		%	20		%	41		%	33		%	50		%	50		%	N/A
Net sales -- TTM	$	74,723		$	77,637		$	83,935		$	90,758		$	104,412		$	115,955		49	%
Operating income (loss)	$	(617	)	$	(398	)	$	345		$	407		$	363		$	1,252		N/A
F/X impact -- favorable (unfavorable)	$	(7	)	$	(5	)	$	32		$	152		$	232		$	270		N/A
Operating income/loss -- Y/Y growth (decline), excluding F/X	(5		)%	338		%	N/A			N/A			N/A			347		%	N/A
Operating margin -- % of International net sales	(2.6		)%	(2.1		)%	1.5		%	1.6		%	1.0		%	4.1		%	N/A
Operating income (loss) -- TTM	$	(1,693	)	$	(2,001	)	$	(1,055	)	$	(262	)	$	717		$	2,367		N/A
Operating margin -- TTM % of International net sales	(2.3		)%	(2.6		)%	(1.3		)%	(0.3		)%	0.7		%	2.0		%	N/A
AWS Segment:
Net sales	$	9,954		$	10,219		$	10,808		$	11,601		$	12,742		$	13,503		32	%
Net sales -- Y/Y growth, excluding F/X	34		%	33		%	29		%	29		%	28		%	32		%	N/A
Net sales -- TTM	$	35,026		$	37,549		$	39,976		$	42,582		$	45,370		$	48,654		30	%
Operating income	$	2,596		$	3,075		$	3,357		$	3,535		$	3,564		$	4,163		35	%
F/X impact -- favorable (unfavorable)	$	26		$	63		$	83		$	(20	)	$	(96	)	$	(171	)	N/A
Operating income -- Y/Y growth, excluding F/X	18		%	36		%	54		%	57		%	41		%	41		%	N/A
Operating margin -- % of AWS net sales	26.1		%	30.1		%	31.1		%	30.5		%	28.0		%	30.8		%	N/A
Operating income -- TTM	$	9,201		$	10,053		$	11,289		$	12,563		$	13,531		$	14,619		45	%
Operating margin -- TTM % of AWS net sales	26.3		%	26.8		%	28.2		%	29.5		%	29.8		%	30.0		%	N/A

AMAZON.COM, INC. Supplemental Financial Information and Business Metrics (in millions, except employee data) (unaudited)

	Q4 2019			Q1 2020			Q2 2020			Q3 2020			Q4 2020			Q1 2021			Y/Y % Change
Net Sales
Online stores (1)	$	45,657		$	36,652		$	45,896		$	48,350		$	66,451		$	52,901		44	%
Online stores -- Y/Y growth, excluding F/X	15		%	25		%	49		%	37		%	43		%	41		%	N/A
Physical stores (2)	$	4,363		$	4,640		$	3,774		$	3,788		$	4,022		$	3,920		(16	)%
Physical stores -- Y/Y growth, excluding F/X	(1		)%	8		%	(13		)%	(10		)%	(7		)%	(16		)%	N/A
Third-party seller services (3)	$	17,446		$	14,479		$	18,195		$	20,436		$	27,327		$	23,709		64	%
Third-party seller services -- Y/Y growth, excluding F/X	31		%	31		%	53		%	53		%	54		%	60		%	N/A
Subscription services (4)	$	5,235		$	5,556		$	6,018		$	6,572		$	7,061		$	7,580		36	%
Subscription services -- Y/Y growth, excluding F/X	32		%	29		%	30		%	32		%	34		%	34		%	N/A
AWS	$	9,954		$	10,219		$	10,808		$	11,601		$	12,742		$	13,503		32	%
AWS -- Y/Y growth, excluding F/X	34		%	33		%	29		%	29		%	28		%	32		%	N/A
Other (5)	$	4,782		$	3,906		$	4,221		$	5,398		$	7,952		$	6,905		77	%
Other -- Y/Y growth, excluding F/X	41		%	44		%	41		%	49		%	64		%	73		%	N/A

Stock-based Compensation Expense
Cost of sales	$	43		$	41		$	76		$	75		$	91		$	90		116	%
Fulfillment	$	286		$	260		$	417		$	316		$	364		$	342		31	%
Technology and content	$	1,007		$	961		$	1,421		$	1,267		$	1,412		$	1,228		28	%
Marketing	$	322		$	332		$	456		$	446		$	476		$	456		38	%
General and administrative	$	182		$	163		$	231		$	184		$	219		$	190		16	%
Total stock-based compensation expense	$	1,840		$	1,757		$	2,601		$	2,288		$	2,562		$	2,306		31	%
Other
WW shipping costs	$	12,884		$	10,936		$	13,652		$	15,063		$	21,465		$	17,162		57	%
WW shipping costs -- Y/Y growth	43		%	49		%	68		%	57		%	67		%	57		%	N/A
WW paid units -- Y/Y growth (6)	22		%	32		%	57		%	46		%	47		%	44		%	N/A
WW seller unit mix -- % of WW paid units (6)	53		%	52		%	53		%	54		%	55		%	55		%	N/A
Employees (full-time and part-time; excludes contractors & temporary personnel)	798,000			840,400			876,800			1,125,300			1,298,000			1,271,000			51	%
Employees (full-time and part-time; excludes contractors & temporary personnel) -- Y/Y growth	23		%	33		%	34		%	50		%	63		%	51		%	N/A

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 Next Page »