Summary
Amazon.com Inc. reported strong performance for the first quarter ended March 31, 2019, with consolidated net sales increasing by 17% year-over-year to $59.7 billion. This growth was driven by a robust 41% increase in Amazon Web Services (AWS) revenue, alongside solid performance in North America. International sales also showed growth, though at a more modest pace. Profitability saw a significant improvement, with operating income more than doubling to $4.4 billion. This was primarily fueled by the strong operating income from AWS and improved performance in North America. The company's balance sheet remains strong, with substantial cash and marketable securities. Despite ongoing investments in technology and infrastructure, the company generated positive free cash flow, indicating efficient operations and effective capital management.
Financial Highlights
52 data points| Revenue | $59.70B |
| Cost of Revenue | $33.92B |
| Gross Profit | $25.78B |
| Operating Expenses | $55.28B |
| Operating Income | $4.42B |
| Interest Expense | $366.00M |
| Net Income | $3.56B |
| EPS (Basic) | $0.36 |
| EPS (Diluted) | $0.35 |
| Shares Outstanding (Basic) | 9.82B |
| Shares Outstanding (Diluted) | 10.04B |
Key Highlights
- 1Consolidated net sales grew 17% to $59.7 billion.
- 2AWS revenue surged 41% year-over-year to $7.7 billion.
- 3Operating income more than doubled to $4.4 billion, reflecting improved profitability across segments.
- 4North America segment operating income significantly increased to $2.3 billion.
- 5International segment operating loss narrowed substantially to $90 million.
- 6Free cash flow for the trailing twelve months significantly increased to $23.0 billion.
- 7The company adopted new lease accounting guidance, resulting in the recognition of significant operating lease assets and liabilities.