Summary
Amazon.com, Inc. reported its first quarter 2009 financial results on April 23, 2009. The company demonstrated resilience in a challenging economic environment, with net sales growing 18% year-over-year to $4.89 billion. This growth was driven by solid performance in both North America and International segments. Net income rose to $177 million, or $0.41 per diluted share, compared to $143 million, or $0.34 per diluted share, in the prior year's first quarter. Despite the economic headwinds, Amazon continued to invest in its business, particularly in technology and content, and fulfillment operations. The company highlighted its focus on long-term growth, evidenced by an increase in free cash flow. Management expressed confidence in their ability to navigate the economic landscape and meet operational needs with existing liquidity.
Financial Highlights
28 data points| Revenue | $4.89B |
| Cost of Revenue | $3.74B |
| Gross Profit | $1.15B |
| Operating Expenses | $4.64B |
| Operating Income | $244.00M |
| Interest Expense | $12.00M |
| Net Income | $177.00M |
| EPS (Basic) | $0.02 |
| EPS (Diluted) | $0.02 |
| Shares Outstanding (Basic) | 8.58B |
| Shares Outstanding (Diluted) | 8.74B |
Key Highlights
- 1Net sales increased by 18% to $4.89 billion compared to the first quarter of 2008.
- 2Net income grew to $177 million ($0.41 per diluted share) from $143 million ($0.34 per diluted share) in the prior year.
- 3Operating income increased to $244 million from $198 million year-over-year.
- 4International net sales grew 15% (28% excluding currency effects), representing 47% of total net sales.
- 5The company reported an increase in free cash flow to $1.43 billion for the trailing twelve months ended March 31, 2009, up 82% from the prior year.
- 6Inventories decreased by $133 million to $1.266 billion compared to the end of 2008, indicating effective inventory management.
- 7The company has a substantial cash and marketable securities balance of $2.7 billion as of March 31, 2009, providing ample liquidity.