Summary
Amazon.com, Inc. reported robust financial performance for the second quarter and first half of 2019. Total net sales demonstrated strong growth, increasing by 20% year-over-year for the quarter to $63.4 billion and by 18% for the first six months to $123.1 billion. This growth was driven by solid performance across all segments, particularly AWS, which saw a 37% increase in sales for the quarter. Operating income also showed significant improvement, growing to $3.1 billion for the quarter and $7.5 billion for the first half, reflecting effective cost management and increasing customer usage of AWS. Financially, the company maintained a strong liquidity position with substantial cash, cash equivalents, and marketable securities. Investing activities saw significant outflows, primarily related to capital expenditures for expanding fulfillment and technology infrastructure, a key driver for future growth. The company also highlighted a substantial increase in free cash flow, demonstrating efficient operational management and strong cash generation capabilities.
Financial Highlights
52 data points| Revenue | $63.40B |
| Cost of Revenue | $36.34B |
| Gross Profit | $27.07B |
| Operating Expenses | $60.32B |
| Operating Income | $3.08B |
| Interest Expense | $383.00M |
| Net Income | $2.63B |
| EPS (Basic) | $0.27 |
| EPS (Diluted) | $0.26 |
| Shares Outstanding (Basic) | 9.86B |
| Shares Outstanding (Diluted) | 10.06B |
Key Highlights
- 1Total net sales grew by 20% year-over-year to $63.4 billion in Q2 2019.
- 2AWS segment sales increased by 37% year-over-year in Q2 2019, reaching $8.4 billion.
- 3Operating income for Q2 2019 was $3.1 billion, an increase from $3.0 billion in Q2 2018.
- 4Free cash flow for the twelve months ended June 30, 2019, significantly increased to $25.0 billion.
- 5Purchases of property and equipment were $2.9 billion in Q2 2019, reflecting continued investment in infrastructure.
- 6Diluted earnings per share rose to $5.22 in Q2 2019 from $5.07 in Q2 2018.