Description
Compute the free cash flow only from Income statement and Balance sheet from the last 3 years
project or forecast the free cash flow for the following 5 years
analyze each computation with a sentence, next to it
after year 5 make assumption of residual value of the company
net present value per share of the discounted cash flows, explanation
Unformatted Attachment Preview
Created by EDGAR Online, Inc.
AMAZON COM INC
INCOME_STATEMENT
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Operating Income (Loss)
Operating income (loss) by segment is as follows (in millions):
Year Ended December 31,
2021
Operating Income (Loss)
North America
$
7,271 $
International
(924)
AWS
18,532
Consolidated
$
24,879 $
2022
(2,847)
(7,746)
22,841
12,248
Created by EDGAR Online, Inc.
AMAZON COM INC
CASH_FLOW
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
AMAZON.COM, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF
PERIOD
OPERATING ACTIVITIES:
Net income (loss)
Adjustments to reconcile net income (loss) to net cash from
operating activities:
Depreciation and amortization of property and equipment and
capitalized content costs, operating lease assets, and other
Stock-based compensation
Other expense (income), net
Deferred income taxes
Changes in operating assets and liabilities:
Inventories
Accounts receivable, net and other
Accounts payable
Accrued expenses and other
Unearned revenue
Net cash provided by (used in) operating activities
INVESTING ACTIVITIES:
Purchases of property and equipment
Proceeds from property and equipment sales and incentives
Acquisitions, net of cash acquired, and other
Sales and maturities of marketable securities
Purchases of marketable securities
Net cash provided by (used in) investing activities
FINANCING ACTIVITIES:
Common stock repurchased
Proceeds from short-term debt, and other
Repayments of short-term debt, and other
Proceeds from long-term debt
Repayments of long-term debt
Principal repayments of finance leases
Principal repayments of financing obligations
Net cash provided by (used in) financing activities
Foreign currency effect on cash, cash equivalents, and
restricted cash
Net increase (decrease) in cash, cash equivalents, and
restricted cash
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD
Year Ended December 31,
2020
$
36,410
2021
$
42,377
2022
$
36,477
21,331
33,364
(2,722)
25,180
9,208
34,433
12,757
41,921
19,621
(2,582)
(554)
(14,306)
(310)
16,966
(8,148)
(2,849)
(8,169)
17,480
5,754
1,265
66,064
(9,487)
(18,163)
3,602
2,123
2,314
46,327
(2,592)
(21,897)
2,945
(1,558)
2,216
46,752
(40,140)
5,096
(2,325)
50,237
(72,479)
(59,611)
(61,053)
5,657
(1,985)
59,384
(60,157)
(58,154)
(63,645)
5,324
(8,316)
31,601
(2,565)
(37,601)
6,796
(6,177)
10,525
(1,553)
(10,642)
(53)
(1,104)
7,956
(7,753)
19,003
(1,590)
(11,163)
(162)
6,291
(6,000)
41,553
(37,554)
21,166
(1,258)
(7,941)
(248)
9,718
618
(364)
(1,093)
$
5,967
42,377
$
(5,900)
36,477 $
17,776
54,253
Created by EDGAR Online, Inc.
AMAZON COM INC
INCOME_STATEMENT2
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
AMAZON.COM, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
Net product sales
Net service sales
Total net sales
Operating expenses:
Cost of sales
Fulfillment
Technology and content
Sales and marketing
General and administrative
Other operating expense (income), net
Total operating expenses
Operating income
Interest income
Interest expense
Other income (expense), net
Total non-operating income (expense)
Income (loss) before income taxes
Benefit (provision) for income taxes
Equity-method investment activity, net of tax
Net income (loss)
Basic earnings per share
Diluted earnings per share
Weighted-average shares used in computation of earnings per
share:
Basic
Diluted
$
$
$
$
2020
215,915
170,149
386,064
233,307
58,517
42,740
22,008
6,668
(75)
363,165
22,899
555
(1,647)
2,371
1,279
24,178
(2,863)
16
21,331
2.13
2.09
10,005
10,198
Year Ended December 31,
$
$
$
$
2021
241,787 $
228,035
469,822
2022
242,901
271,082
513,983
272,344
75,111
56,052
32,551
8,823
62
444,943
24,879
448
(1,809)
14,633
13,272
38,151
(4,791)
4
33,364 $
3.30 $
3.24 $
288,831
84,299
73,213
42,238
11,891
1,263
501,735
12,248
989
(2,367)
(16,806)
(18,184)
(5,936)
3,217
(3)
(2,722)
(0.27)
(0.27)
10,117
10,296
10,189
10,189
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE15
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
AMAZON.COM, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(in millions)
Net income (loss)
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax of $(36),
$47, and $100
Net change in unrealized gains (losses) on available-for-sale
debt securities:
Unrealized gains (losses), net of tax of $(83), $72, and $159
Reclassification adjustment for losses (gains) included in
“Other income (expense), net,” net of tax of $8, $13, and $0
Net unrealized gains (losses) on available-for-sale debt
securities
Total other comprehensive income (loss)
Comprehensive income (loss)
$
$
Year Ended December 31,
2020
2021
21,331 $
33,364 $
2022
(2,722)
561
(819)
(2,586)
273
(343)
(823)
(28)
(34)
298
(377)
(1,196)
32,168 $
(525)
(3,111)
(5,833)
245
806
22,137
$
Created by EDGAR Online, Inc.
AMAZON COM INC
BALANCE_SHEET
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
AMAZON.COM, INC.
CONSOLIDATED BALANCE SHEETS
(in millions, except per share data)
ASSETS
Current assets:
Cash and cash equivalents
Marketable securities
Inventories
Accounts receivable, net and other
Total current assets
Property and equipment, net
Operating leases
Goodwill
Other assets
Total assets
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
Accrued expenses and other
Unearned revenue
Total current liabilities
Long-term lease liabilities
Long-term debt
Other long-term liabilities
Commitments and contingencies (Note 7)
Stockholders’ equity:
Preferred stock ($0.01 par value; 500 shares authorized; no shares
issued or outstanding)
Common stock ($0.01 par value; 100,000 shares authorized; 10,644 and
10,757 shares issued; 10,175 and 10,242 shares outstanding)
Treasury stock, at cost
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings
Total stockholders’ equity
Total liabilities and stockholders’ equity
December 31,
2021
$
$
$
$
2022
36,220
59,829
32,640
32,891
161,580
160,281
56,082
15,371
27,235
420,549
$
78,664
51,775
11,827
142,266
67,651
48,744
23,643
$
$
53,888
16,138
34,405
42,360
146,791
186,715
66,123
20,288
42,758
462,675
79,600
62,566
13,227
155,393
72,968
67,150
21,121
–
–
106
(1,837)
55,437
(1,376)
85,915
138,245
420,549 $
108
(7,837)
75,066
(4,487)
83,193
146,043
462,675
Created by EDGAR Online, Inc.
AMAZON COM INC
STOCKHOLDERS_EQUITY
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
AMAZON.COM, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in millions)
Common Stock
Shares
Balance as of January 1, 2020
Amount
9,950 $
Treasury
Stock
104 $
(1,837)
Net income
Other comprehensive income (loss)
–
–
–
Stock-based compensation and
issuance of employee benefit plan
stock
Balance as of December 31, 2020
116
10,066
1
105
(1,837)
Net income
Other comprehensive income (loss)
–
–
–
Stock-based compensation and
issuance of employee benefit plan
stock
Balance as of December 31, 2021
109
10,175
1
106
(1,837)
Net loss
Other comprehensive income (loss)
–
–
–
Stock-based compensation and
issuance of employee benefit plan
stock
Common stock repurchased
Balance as of December 31, 2022
113
(46)
10,242 $
2
108
(6,000)
(7,837)
$
Additional
Accumulated Other
Paid-In
Comprehensive Income
Capital
(Loss)
$
33,559 $
$
Total
Retained
Stockholders’
Earnings
Equity
(986) $
31,220 $
62,060
–
806
21,331
–
21,331
806
9,206
42,765
(180)
52,551
9,207
93,404
–
(1,196)
33,364
–
33,364
(1,196)
12,672
55,437
(1,376)
85,915
12,673
138,245
–
(3,111)
(2,722)
–
(2,722)
(3,111)
19,629
75,066
(4,487) $
83,193
19,631
(6,000)
146,043
$
$
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE16
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Supplemental Cash Flow Information
The following table shows supplemental cash flow information (in millions):
2020
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt
Cash paid for operating leases
Cash paid for interest on finance leases
Cash paid for interest on financing obligations
Cash paid for income taxes, net of refunds
Assets acquired under operating leases
Property and equipment acquired under finance leases,
net of remeasurements and modifications
Property and equipment recognized during the
construction period of build-to-suit lease arrangements
Property and equipment derecognized after the
construction period of build-to-suit lease arrangements,
with the associated leases recognized as operating
$
$
$
$
$
$
916
4,475
612
102
1,713
16,217
$
11,588
$
2,267
$
–
Year Ended December 31,
2021
2022
$
$
$
$
$
$
1,098
6,722
521
153
3,688
25,369
$
$
$
$
$
$
1,561
8,633
374
207
6,035
18,800
$
7,061
$
675
$
5,846
$
3,187
$
230
$
5,158
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE17
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Earnings Per Share
Basic earnings per share is calculated using our weighted-average outstanding
common shares. Diluted earnings per share is calculated using our
weighted-average outstanding common shares including the dilutive effect of
stock awards as determined under the treasury stock method. In periods when we
have a net loss, stock awards are excluded from our calculation of earnings per
share as their inclusion would have an antidilutive effect.
The following table shows the calculation of diluted shares (in millions):
Shares used in computation of basic earnings per share
Total dilutive effect of outstanding stock awards
Shares used in computation of diluted earnings per share
ge outstanding
utive effect of
periods when we
of earnings per
n millions):
Year Ended December 31,
2020
10,005
193
10,198
2021
10,117
179
10,296
2022
10,189
10,189
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE18
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Other Operating Expense (Income), Net
Other operating expense (income), net, consists primarily of the amortization of
intangible assets and, for 2020, a benefit from accelerated vesting of warrants
to acquire equity of a vendor partially offset by a lease impairment and, for
2022, $1.1 billion of impairments of property and equipment and operating
leases.
Other Income (Expense), Net
Other income (expense), net, is as follows (in millions):
Marketable equity securities valuation gains (losses)
Equity warrant valuation gains (losses)
Upward adjustments relating to equity investments in private
companies
Foreign currency gains (losses)
Other, net
Total other income (expense), net
$
2020
525
1,527
342
35
(58)
2,371
Year Ended December 31,
$
2021
11,526 $
1,315
2022
(13,870)
(2,132)
1,866
(55)
(19)
14,633
76
(340)
(540)
(16,806)
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE19
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Revenues
Gross profit
Loss from operations
Net loss
Year Ended
Year Ended
December 31, 2020
December 31, 2021
$
$
55
(465)
(1,021)
(4,220)
(1,018)
(4,688)
Total current assets
Total assets
Total current liabilities
Total liabilities
December 31, 2021
September 30, 2022
$
18,559 $
14,424
22,294
19,023
1,313
2,109
2,780
3,686
Nine Months Ended
September 30, 2022
$
995
(2,123)
(5,061)
(5,029)
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE20
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Note 2 – FINANCIAL INSTRUMENTS
Cash, Cash Equivalents, Restricted Cash, and Marketable Securities
As of December 31, 2021 and 2022, our cash, cash equivalents, restricted cash,
and marketable securities primarily consisted of cash, AAA-rated money market
funds, U.S. and foreign government and agency securities, other investment grade
securities, and marketable equity securities. Cash equivalents and marketable
securities are recorded at fair value. The following table summarizes, by major
security type, our cash, cash equivalents, restricted cash, and marketable
securities that are measured at fair value on a recurring basis and are
categorized using the fair value hierarchy (in millions):
Cash
Level 1 securities:
Money market funds
Equity securities (1)
Level 2 securities:
Foreign government and agency securities
U.S. government and agency securities
Corporate debt securities
Asset-backed securities
Other fixed income securities
Equity securities (1)(3)
Cost or
Gross
Amortized
Unrealized
Cost
Gains
$
10,942 $
–
$
Less: Restricted cash, cash equivalents, and
marketable securities (2)
Total cash, cash equivalents, and marketable
securities
20,312
–
181
4,316
35,810
6,763
688
–
79,012
9
75
7
2
$
93
December 31, 2021
Gross
Unrealized
Losses
$
–
$
Total
Estimated
Fair Value
$
10,942
–
20,312
1,646
(25)
(121)
(32)
(4)
181
4,300
35,764
6,738
686
15,740
96,309
(182) $
(260)
$
96,049
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE21
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Cash
Level 1 securities:
Money market funds
Equity securities (1)(3)
Level 2 securities:
Foreign government and agency securities
U.S. government and agency securities
Corporate debt securities
Asset-backed securities
Other fixed income securities
December 31, 2022
Cost or
Gross
Amortized
Unrealized
Cost
Gains
$
10,666 $
–
$
Less: Restricted cash, cash equivalents, and
marketable securities (2)
Total cash, cash equivalents, and marketable
securities
___________________
27,899
–
537
2,301
23,111
2,721
249
–
67,484
$
–
Gross
Unrealized
Losses
$
–
Total
Estimated
Fair Value
$
10,666
–
27,899
3,709
(2)
(155)
(484)
(149)
(12)
535
2,146
22,627
2,572
237
(802) $
70,391
$
(365)
$
70,026
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE22
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Realized gains
Realized losses
$
Year Ended December 31,
2020
92 $
56
2021
85 $
38
2022
43
341
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE23
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Due within one year
Due after one year through five years
Due after five years through ten years
Due after ten years
Total
Amortized
Estimated
Cost
Fair Value
$
46,854 $
46,782
7,622
7,047
602
565
1,740
1,622
$
56,818 $
56,016
Created by EDGAR Online, Inc.
AMAZON COM INC
CASH_FLOW2
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Created by EDGAR Online, Inc.
AMAZON COM INC
CASH_FLOW2
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Consolidated Statements of Cash Flows Reconciliation
The following table provides a reconciliation of the amount of cash, cash
equivalents, and restricted cash reported within the consolidated balance sheets
to the total of the same such amounts shown in the consolidated statements of
cash flows (in millions):
Cash and cash equivalents
Restricted cash included in accounts receivable, net and other
Restricted cash included in other assets
Total cash, cash equivalents, and restricted cash shown in the
consolidated statements of cash flows
nce sheets
December 31, 2021
December 31, 2022
$
36,220 $
53,888
242
358
15
7
$
36,477
$
54,253
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE24
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Note 3 – PROPERTY AND EQUIPMENT
Property and equipment, at cost, consisted of the following (in millions):
2021
Gross property and equipment (1):
Land and buildings
Equipment
Other assets
Construction in progress
Gross property and equipment
Total accumulated depreciation and amortization (1)
Total property and equipment, net
__________________
$
$
81,104
128,683
4,118
24,895
238,800
78,519
160,281
(in millions):
December 31,
2022
$
$
91,650
157,458
4,602
30,020
283,730
97,015
186,715
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE25
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Operating lease cost
Finance lease cost:
Amortization of lease assets
Interest on lease liabilities
Finance lease cost
Variable lease cost
Total lease cost
$
Year Ended December 31,
2020
5,019 $
2021
7,199
$
8,452
617
9,069
1,238
15,326
9,857
473
10,330
1,556
19,085
$
$
2022
8,847
$
6,097
361
6,458
1,852
17,157
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE26
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Weighted-average remaining lease term – operating leases
Weighted-average remaining lease term – finance leases
Weighted-average discount rate – operating leases
Weighted-average discount rate – finance leases
Our lease liabilities were as follows (in millions):
Operating
Leases
Gross lease liabilities
Less: imputed interest
Present value of lease liabilities
Less: current portion of lease liabilities
Total long-term lease liabilities
$
$
66,269
(7,939)
58,330
(6,349)
51,981
Operating
Leases
Gross lease liabilities
Less: imputed interest
Present value of lease liabilities
Less: current portion of lease liabilities
Total long-term lease liabilities
$
$
81,273
(12,233)
69,040
(7,458)
61,582
December 31, 2021
December 31, 2022
11.3 years
8.1 years
11.60 years
10.30 years
2.8 %
2.3 %
2.20%
2.00%
December 31, 2021
Finance
Leases
$
$
25,866 $
(2,113)
23,753
(8,083)
15,670 $
December 31, 2022
Finance
Leases
$
$
Total
92,135
(10,052)
82,083
(14,432)
67,651
Total
18,019 $
(2,236)
15,783
(4,397)
11,386 $
99,292
(14,469)
84,823
(11,855)
72,968
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE27
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Goodwill
The goodwill of the acquired companies is primarily related to expected
improvements in technology performance and functionality, as well as sales
growth from future product and service offerings and new customers, together
with certain intangible assets that do not qualify for separate recognition. The
goodwill of the acquired companies is generally not deductible for tax purposes.
The following summarizes our goodwill activity in 2021 and 2022 by segment (in
millions):
North
America
International
AWS
Goodwill – January 1, 2021
$
12,527 $
1,288 $
1,202
New acquisitions
230
60
76
Other adjustments (1)
1
(21)
8
Goodwill – December 31, 2021
12,758
1,327
1,286
New acquisitions
3,943
1,054
Other adjustments (1)
(80)
30
(30)
Goodwill – December 31, 2022
$
16,621 $
2,411 $
1,256
___________________
Consolidated
$
15,017
366
(12)
15,371
4,997
(80)
$
20,288
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE28
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Intangible Assets
Acquired identifiable intangible assets are valued primarily by using discounted
cash flows. These assets are included within “Other assets” on our consolidated
balance sheets and consist of the following (in millions):
December 31,
2021
Finite-lived intangible assets (2):
Marketing-related
Contract-based
Technology- and content-based
Customer-related
Total finite-lived intangible assets
IPR&D and other (3)
Total acquired intangibles
___________________
Acquired
Intangibles,
Gross (1)
Accumulated
Amortization (1)
$
$
$
2,286
2,327
976
197
5,786
$
$
1,147
6,933
Acquired
Intangibles,
Net
$
(548) $
(565)
(610)
(103)
(1,826) $
1,738
1,762
366
94
3,960
$
$
(1,826) $
1,147
5,107
2022
Acquired
Intangibles,
Gross (1)
Accumulated
Amortization (1)
$
$
$
2,407
3,661
883
184
7,135
$
$
1,147
8,282
Acquired
Intangibles,
Net
$
(601) $
(813)
(643)
(128)
(2,185) $
1,806
2,848
240
56
4,950
$
$
(2,185) $
1,147
6,097
Weighted
Average Life
Remaining
18.60
12.80
3.20
2.20
14.40
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE29
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
2023 $
2024
2025
2026
2027
Thereafter
$
530
456
371
324
314
2,955
4,950
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE30
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Note 6 – DEBT
As of December 31, 2022, we had $69.5 billion of unsecured senior notes
outstanding (the “Notes”), including $12.8 billion issued in April 2022 and $8.3
billion issued in December 2022 for general corporate purposes, and $1.0 billion
of borrowings under our secured revolving credit facility. Our total long-term
debt obligations are as follows (in millions):
Maturities (1)
2012 Notes issuance of $3.0
billion
2014 Notes issuance of $6.0
billion
2017 Notes issuance of $17.0
billion
2020 Notes issuance of $10.0
billion
2021 Notes issuance of $18.5
billion
April 2022 Notes issuance of
$12.8 billion
December 2022 Notes issuance
of $8.3 billion
Credit Facility
Total face value of long-term
debt
Unamortized discount and
issuance costs, net
Less: current portion of
long-term debt
Long-term debt
___________________
Stated Interest R
2022
2024
–
2044
3.80%
2023
–
2057
2.40%
2023
–
2060
0.40%
2023
–
2061
0.25%
2024
–
2062
2.73%
2024
–
2032
4.55%
s
and $8.3
$1.0 billion
ng-term
Stated Interest Rates
December 31,
December 31,
2021
2022
Effective Interest Rates
2.50%
2.66%
1,250
–
–
4.95%
3.90%
–
5.12%
4,000
4,000
–
5.20%
2.56%
–
4.33%
16,000
16,000
–
2.70%
0.56%
–
2.77%
10,000
10,000
–
3.25%
0.35%
–
3.31%
18,500
18,500
–
4.10%
2.83%
–
4.15%
–
12,750
–
4.70%
4.61%
–
4.83%
803
8,250
1,042
50,553
70,542
(318)
(393)
(1,491)
48,744 $
(2,999)
67,150
$
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE31
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
2023 $
2024
2025
2026
2027
Thereafter
$
3,000
8,500
5,249
3,543
8,750
41,500
70,542
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE32
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Note 7 – COMMITMENTS AND CONTINGENCIES
Commitments
The following summarizes our principal contractual commitments, excluding open
orders for purchases that support normal operations and are generally
cancellable, as of December 31, 2022 (in millions):
Long-term debt principal and interest
Operating lease liabilities
Finance lease liabilities, including
interest
Financing obligations, including interest
(1)
Leases not yet commenced
Unconditional purchase obligations (2)
Other commitments (3)(4)
Total commitments
___________________
$
$
2023
5,165 $
9,574
2024
10,618
8,658
4,575
2,248
465
1,252
8,156
3,173
32,360
464
2,043
7,217
1,608
32,856
$
Year Ended December 31,
$
$
2025
7,146 $
8,024
2026
5,253 $
7,393
2027 Thereafter
10,399 $
6,675
63,815
40,949
1,422
1,279
1,088
7,407
456
2,185
5,366
1,027
25,626
464
2,160
4,525
982
22,056
471
2,152
3,419
622
24,826
6,712
17,237
6,093
8,652
150,865
$
$
$
Total
$
102,396
81,273
18,019
$
9,032
27,029
34,776
16,064
288,589
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE33
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Stock Award Activity
Stock-based compensation expense is as follows (in millions):
Cost of sales
Fulfillment
Technology and content
Sales and marketing
General and administrative
Total stock-based compensation expense (1)
___________________
$
$
2020
283
1,357
5,061
1,710
797
9,208
Year Ended December 31,
$
$
2021
540 $
1,946
6,645
2,530
1,096
12,757 $
2022
757
2,745
10,621
3,875
1,623
19,621
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE34
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Outstanding as of January 1, 2020
Units granted
Units vested
Units forfeited
Outstanding as of December 31, 2020
Units granted
Units vested
Units forfeited
Outstanding as of December 31, 2021
Units granted
Units vested
Units forfeited
Outstanding as of December 31, 2022
Weighted Average
Grant-Date
Number of Units
Fair Value
286.70 $
73
158.60
119
(115.50)
62
(26.50)
82
303.30
100
127.30
167
(108.40)
85
(42.30)
116
279.90
134
262.80
142
(113.30)
114
(45.00)
143
384.40
144
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE35
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Scheduled vesting – restricted
stock units
2023
2024
Year Ended
2025
140.80
136.60
67.30
2026
2027 Thereafter
35.80
1.70
2.20
Total
384.40
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE36
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Year Ended December 31,
U.S. Federal:
Current
Deferred
Total
U.S. State:
Current
Deferred
Total
International:
Current
Deferred
Total
Provision (benefit) for income taxes, net
$
$
2020
2021
1,835 $
(151)
1,684
2,129
155
2,284
626
(190)
436
763
(178)
585
956
(213)
743
2,863 $
2,209
(287)
1,922
4,791
2022
$
2,175
(6,686)
(4,511)
1,074
(1,302)
(228)
$
1,682
(160)
1,522
(3,217)
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE37
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
U.S.
International
Income (loss) before income taxes
$
$
Year Ended December 31,
2020
2021
20,219 $
35,879
3,959
2,272
24,178 $
38,151
$
$
2022
(8,225)
2,289
(5,936)
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE38
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Income taxes computed at the federal statutory rate
Effect of:
Tax impact of foreign earnings and losses
State taxes, net of federal benefits
Tax credits
Stock-based compensation (1)
Foreign income deduction (2)
Other, net
Total
___________________
$
2020
5,078
$
(538)
343
(639)
(1,107)
(372)
98
2,863
Year Ended December 31,
$
2021
8,012 $
2022
(1,246)
$
(1,349)
465
(1,136)
(1,094)
(301)
194
4,791 $
(370)
(173)
(1,006)
612
(1,258)
224
(3,217)
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE39
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Deferred tax assets (1):
Loss carryforwards U.S. – Federal/States
Loss carryforwards – Foreign
Accrued liabilities, reserves, and other expenses
Stock-based compensation
Depreciation and amortization
Operating lease liabilities
Capitalized research and development
Other items
Tax credits
Total gross deferred tax assets
Less valuation allowances (2)
Deferred tax assets, net of valuation allowances
Deferred tax liabilities:
Depreciation and amortization
Operating lease assets
Assets held for investment
Other items
Net deferred tax assets (liabilities), net of valuation allowances
___________________
(1)Deferred tax assets are presented after tax effects and net of tax
contingencies.
December 31,
2021
2022
228
2,417
2,821
2,738
941
15,399
603
626
25,773
(3,596)
22,177
386
2,831
3,280
4,295
1,009
18,285
6,824
1,023
950
38,883
(4,374)
34,509
(3,562)
(14,422)
(4,019)
(668)
(494) $
(9,039)
(17,140)
(817)
7,513
$
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE40
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Gross tax contingencies – January 1
Gross increases to tax positions in prior periods
Gross decreases to tax positions in prior periods
Gross increases to current period tax positions
Settlements with tax authorities
Lapse of statute of limitations
Gross tax contingencies – December 31 (1)
___________________
$
$
December 31,
2020
2021
3,923 $
2,820
88
403
(465)
(354)
507
507
(1,207)
(60)
(26)
(74)
2,820 $
3,242
$
$
2022
3,242
274
(172)
706
(20)
(28)
4,002
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE41
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
AWS
The AWS segment consists of amounts earned from global sales of compute,
storage, database, and other services for start-ups, enterprises, government
agencies, and academic institutions.
Information on reportable segments and reconciliation to consolidated net income
(loss) is as follows (in millions):
2020
North America
Net sales
Operating expenses
Operating income (loss)
International
Net sales
Operating expenses
Operating income (loss)
AWS
Net sales
Operating expenses
Operating income
Consolidated
Net sales
Operating expenses
Operating income
Total non-operating income (expense)
Benefit (provision) for income taxes
Equity-method investment activity, net of tax
Net income (loss)
$
$
$
$
$
$
$
$
236,282
227,631
8,651
104,412
103,695
717
45,370
31,839
13,531
386,064
363,165
22,899
1,279
(2,863)
16
21,331
om global sales of compute,
ps, enterprises, government
on to consolidated net income
Year Ended December 31,
2021
$
$
$
$
$
$
$
$
279,833
272,562
7,271
2022
$
$
315,880
318,727
(2,847)
127,787 $
128,711
(924) $
118,007
125,753
(7,746)
62,202
43,670
18,532
$
80,096
57,255
22,841
469,822 $
444,943
24,879
13,272
(4,791)
4
33,364 $
513,983
501,735
12,248
(18,184)
3,217
(3)
(2,722)
$
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE42
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
Year Ended December 31,
2020
Net Sales:
Online stores (1)
Physical stores (2)
Third-party seller services (3)
Subscription services (4)
Advertising services (5)
AWS
Other (6)
Consolidated
___________________
$
$
197,346
16,227
80,461
25,207
19,773
45,370
1,680
386,064
2021
$
$
222,075
17,075
103,366
31,768
31,160
62,202
2,176
469,822
2022
$
$
220,004
18,963
117,716
35,218
37,739
80,096
4,247
513,983
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE43
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
United States
Germany
United Kingdom
Japan
Rest of world
Consolidated
$
$
Year Ended December 31,
2020
2021
263,520 $
314,006 $
29,565
37,326
26,483
31,914
20,461
23,071
46,035
63,505
386,064 $
469,822 $
2022
356,113
33,598
30,074
24,396
69,802
513,983
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE44
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
North America (1)
International (1)
AWS (2)
Corporate
Consolidated
___________________
$
$
December 31,
2020
2021
108,405 $
161,255 $
42,212
57,983
47,574
63,835
123,004
137,476
321,195 $
420,549 $
2022
185,268
64,666
88,491
124,250
462,675
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE45
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
North America
International
AWS
Corporate
Consolidated
$
$
December 31,
2020
2021
54,912 $
83,640 $
15,375
21,718
32,151
43,245
10,676
11,678
113,114 $
160,281 $
2022
90,076
23,347
60,324
12,968
186,715
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE46
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
North America (1)
International (1)
AWS (2)
Corporate
Consolidated
___________________
$
$
Year Ended December 31,
2020
2021
29,889 $
37,397 $
8,072
10,259
16,530
22,047
3,485
2,622
57,976 $
72,325 $
2022
23,682
6,711
27,755
2,688
60,836
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE47
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
North America
International
AWS
Consolidated
$
$
2020
6,421 $
2,215
7,603
16,239 $
2021
9,234 $
3,022
10,653
22,909 $
2022
11,565
3,483
9,876
24,924
Created by EDGAR Online, Inc.
AMAZON COM INC
TABLE48
Form Type: 10-K
Period End: Dec 31, 2022
Date Filed: Feb 03, 2023
Table Of Contents
4.60
4.70
4.80
4.90
10.1†
10.2†
10.3†
10.4†
10.5†
10.6†
10.7†
10.80
10.90
10.10
21.10
23.10
31.10
31.20
ated by EDGAR Online, Inc.
AZON COM INC
LE48
m Type: 10-K
od End: Dec 31, 2022
e Filed: Feb 03, 2023
e Of Contents
Officers’ Certificate of Amazon.com, Inc., dated as of June 3, 2020, containing
Form of 0.400% Note due 2023, Form of 0.800% Note due 2025, Form of 1.200% Note
due 2027, Form of 1.500% Note due 2030, Form of 2.500% Note due 2050, and Form of
2.700% Note due 2060 (incorporated by reference to the Company’s Current Report
on Form 8-K, filed June 3, 2020).
Officers’ Certificate of Amazon.com, Inc., dated as of May 12, 2021, containing
Form of 0.250% Note due 2023, Form of 0.450% Note due 2024, Form of 1.000% Note
due 2026, Form of 1.650% Note due 2028, Form of 2.100% Note due 2031, Form of
2.875% Note due 2041, Form of 3.100% Note due 2051, and Form of 3.250% Note due
2061 (incorporated by reference to the Company’s Current Report on Form 8-K,
filed May 12, 2021).
Officers’ Certificate of Amazon.com, Inc., dated as of December 1, 2022,
containing Form of 4.700% Note due 2024, Form of 4.600% Note due 2025, Form of
4.550% Note due 2027, Form of 4.650% Note due 2029, and Form of 4.700% Note due
2032 (incorporated by reference to the Company’s Current Report on Form 8-K,
filed December 1, 2022).
Description of Securities (incorporated by reference to the Company’s Annual
Report on Form 10-K for the Year ended December 31, 2019).
1997 Stock Incentive Plan (amended and restated) (incorporated by reference to
the Company’s Quarterly Report on Form 10-Q for the Quarter ended June 30,
2022).
1999 Nonofficer Employee Stock Option Plan (amended and restated) (incorporated
by reference to the Company’s Quarterly Report o
