Amazon.com (AMZN) FY2013 results: revenue $74.5 billion, up 21.9% on the year
Amazon.com Inc. (AMZN) reported revenue of $74.5 billion for fiscal 2013, the year ended 31 December 2013, up 21.9% on the year before. Net income was $274 million, and diluted earnings per share $0.03. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2014.
Revenue
$74.5 billion
+21.9% on the year
FY2007FY2013
Operating margin
1.0%
1.1% a year earlier
FY2007FY2013
Net income
$274 million
FY2007FY2013
Diluted EPS
$0.03
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
74,452
61,093
48,077
+21.9%
Cost of revenue
54,181
45,971
37,288
+17.9%
Gross profit
20,271
15,122
10,789
+34.0%
Gross margin
27.2%
24.8%
22.4%
Operating income
745
676
862
+10.2%
Operating margin
1.0%
1.1%
1.8%
Interest expense
141
92.0
65.0
+53.3%
Pre-tax income
506
544
934
-7.0%
Income tax
161
428
291
-62.4%
Effective tax rate
31.8%
78.7%
31.2%
Net income
274
-39.0
631
Net margin
0.4%
-0.1%
1.3%
Diluted EPS
$0.03
-$0.00
$0.07
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
5,475
4,180
3,903
+31.0%
Capital expenditure
3,444
3,785
1,811
-9.0%
Free cash flow
2,031
395
2,092
+414.2%
Free cash flow margin
2.7%
0.6%
4.4%
Cash from investing
-4,276
-3,595
-1,930
Cash from financing
-539
2,259
-482
Depreciation and amortisation
2,460
1,653
1,034
+48.8%
Share-based compensation
1,134
833
557
+36.1%
Buybacks
0.0
960
277
Diluted shares, weighted
9,300m
9,060m
9,220m
+2.6%
Shares outstanding at period end
9,180m
9,080m
9,100m
+1.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
9,746
8,192
7,757
+19.0%
Debt
3,967
3,691
384
+7.5%
Other liabilities
26,446
20,672
17,137
+27.9%
Total liabilities and equity
40,159
32,555
25,278
+23.4%
Fixed assets
10,949
7,060
4,417
+55.1%
Goodwill
2,655
2,552
1,955
+4.0%
Intangible assets
645
725
647
-11.0%
Investments
3,789
3,364
4,307
+12.6%
Cash and equivalents
8,658
8,084
5,269
+7.1%
Receivables
4,767
3,817
2,571
+24.9%
Inventory
7,411
6,031
4,992
+22.9%
Other assets
1,285
922
1,120
+39.4%
Total assets
40,159
32,555
25,278
+23.4%
10-K for the year ended 31 December 2013, filed 31 January 2014: the filing.