Amazon.com (AMZN) FY2011 results: revenue $48.1 billion, up 40.6% on the year
Amazon.com Inc. (AMZN) reported revenue of $48.1 billion for fiscal 2011, the year ended 31 December 2011, up 40.6% on the year before. Net income was $631 million, down 45.2%, and diluted earnings per share $0.07. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2012.
Revenue
$48.1 billion
+40.6% on the year
FY2007FY2011
Operating margin
1.8%
4.1% a year earlier
FY2007FY2011
Net income
$631 million
-45.2% on the year
FY2007FY2011
Diluted EPS
$0.07
-45.8% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
48,077
34,204
24,509
+40.6%
Cost of revenue
37,288
26,561
18,978
+40.4%
Gross profit
10,789
7,643
5,531
+41.2%
Gross margin
22.4%
22.3%
22.6%
Operating income
862
1,406
1,129
-38.7%
Operating margin
1.8%
4.1%
4.6%
Interest expense
65.0
39.0
34.0
+66.7%
Pre-tax income
934
1,497
1,161
-37.6%
Income tax
291
352
253
-17.3%
Effective tax rate
31.2%
23.5%
21.8%
Net income
631
1,152
902
-45.2%
Net margin
1.3%
3.4%
3.7%
Diluted EPS
$0.07
$0.13
$0.10
-45.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
3,903
3,495
3,293
+11.7%
Capital expenditure
1,811
979
373
+85.0%
Free cash flow
2,092
2,516
2,920
-16.9%
Free cash flow margin
4.4%
7.4%
11.9%
Cash from investing
-1,930
-3,360
-2,337
Cash from financing
-482
181
-280
Depreciation and amortisation
1,034
552
384
+87.3%
Share-based compensation
557
424
341
+31.4%
Buybacks
277
n/a
0.0
Diluted shares, weighted
9,220m
9,120m
8,840m
+1.1%
Shares outstanding at period end
9,100m
9,020m
8,880m
+0.9%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
7,757
6,864
5,257
+13.0%
Debt
384
184
109
+108.7%
Other liabilities
17,137
11,749
8,447
+45.9%
Total liabilities and equity
25,278
18,797
13,813
+34.5%
Fixed assets
4,417
2,414
1,290
+83.0%
Goodwill
1,955
1,349
1,234
+44.9%
Intangible assets
647
563
567
+14.9%
Investments
4,307
4,985
2,922
-13.6%
Cash and equivalents
5,269
3,777
3,444
+39.5%
Receivables
2,571
1,587
988
+62.0%
Inventory
4,992
3,202
2,171
+55.9%
Other assets
1,120
920
1,197
+21.7%
Total assets
25,278
18,797
13,813
+34.5%
10-K for the year ended 31 December 2011, filed 1 February 2012: the filing.