Amazon.com (AMZN) FY2014 results: revenue $89.0 billion, up 19.5% on the year
Amazon.com Inc. (AMZN) reported revenue of $89.0 billion for fiscal 2014, the year ended 31 December 2014, up 19.5% on the year before. Net income was -$241 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 30 January 2015.
Revenue
$89.0 billion
+19.5% on the year
FY2007FY2014
Operating margin
0.2%
1.0% a year earlier
FY2007FY2014
Net income
-$241 million
FY2007FY2014
Diluted EPS
-$0.03
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
88,988
74,452
61,093
+19.5%
Cost of revenue
62,752
54,181
45,971
+15.8%
Gross profit
26,236
20,271
15,122
+29.4%
Gross margin
29.5%
27.2%
24.8%
Operating income
178
745
676
-76.1%
Operating margin
0.2%
1.0%
1.1%
Interest expense
210
141
92.0
+48.9%
Pre-tax income
-111
506
544
Income tax
167
161
428
+3.7%
Effective tax rate
n/a
31.8%
78.7%
Net income
-241
274
-39.0
Net margin
-0.3%
0.4%
-0.1%
Diluted EPS
-$0.03
$0.03
-$0.00
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
6,842
5,475
4,180
+25.0%
Capital expenditure
4,893
3,444
3,785
+42.1%
Free cash flow
1,949
2,031
395
-4.0%
Free cash flow margin
2.2%
2.7%
0.6%
Cash from investing
-5,065
-4,276
-3,595
Cash from financing
4,432
-539
2,259
Depreciation and amortisation
3,616
2,460
1,653
+47.0%
Share-based compensation
1,497
1,134
833
+32.0%
Buybacks
0.0
0.0
960
Diluted shares, weighted
9,240m
9,300m
9,060m
-0.6%
Shares outstanding at period end
9,300m
9,180m
9,080m
+1.3%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
10,741
9,746
8,192
+10.2%
Debt
9,881
3,967
3,691
+149.1%
Other liabilities
33,883
26,446
20,672
+28.1%
Total liabilities and equity
54,505
40,159
32,555
+35.7%
Fixed assets
16,967
10,949
7,060
+55.0%
Goodwill
3,319
2,655
2,552
+25.0%
Intangible assets
764
645
725
+18.4%
Investments
2,859
3,789
3,364
-24.5%
Cash and equivalents
14,557
8,658
8,084
+68.1%
Receivables
5,612
4,767
3,817
+17.7%
Inventory
8,299
7,411
6,031
+12.0%
Other assets
2,128
1,285
922
+65.6%
Total assets
54,505
40,159
32,555
+35.7%
10-K for the year ended 31 December 2014, filed 30 January 2015: the filing.