Amazon.com (AMZN) FY2016 results: revenue $136.0 billion, up 27.1% on the year
Amazon.com Inc. (AMZN) reported revenue of $136.0 billion for fiscal 2016, the year ended 31 December 2016, up 27.1% on the year before. Net income was $2.4 billion, up 297.8%, and diluted earnings per share $0.24. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2019.
Revenue
$136.0 billion
+27.1% on the year
FY2009FY2016
Operating margin
3.1%
2.1% a year earlier
FY2009FY2016
Net income
$2.4 billion
+297.8% on the year
FY2009FY2016
Diluted EPS
$0.24
+292.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
135,987
107,006
88,988
+27.1%
Cost of revenue
88,265
71,651
62,752
+23.2%
Gross profit
47,722
35,355
26,236
+35.0%
Gross margin
35.1%
33.0%
29.5%
Operating income
4,186
2,233
178
+87.5%
Operating margin
3.1%
2.1%
0.2%
Interest expense
484
459
210
+5.4%
Pre-tax income
3,892
1,568
-111
+148.2%
Income tax
1,425
950
167
+50.0%
Effective tax rate
36.6%
60.6%
n/a
Net income
2,371
596
-241
+297.8%
Net margin
1.7%
0.6%
-0.3%
Diluted EPS
$0.24
$0.06
-$0.03
+292.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
17,203
12,039
6,842
+42.9%
Capital expenditure
6,737
4,589
4,893
+46.8%
Free cash flow
10,466
7,450
1,949
+40.5%
Free cash flow margin
7.7%
7.0%
2.2%
Cash from investing
-9,516
-6,450
-5,065
Cash from financing
-3,716
-3,882
4,432
Depreciation and amortisation
8,116
6,281
3,616
+29.2%
Share-based compensation
2,975
2,119
1,497
+40.4%
Buybacks
n/a
n/a
0.0
Diluted shares, weighted
9,680m
9,540m
9,240m
+1.5%
Shares outstanding at period end
9,540m
9,420m
9,300m
+1.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
19,285
13,384
10,741
+44.1%
Debt
8,838
8,562
9,881
+3.2%
Other liabilities
55,279
42,801
33,883
+29.2%
Total liabilities and equity
83,402
64,747
54,505
+28.8%
Fixed assets
29,114
21,838
16,967
+33.3%
Goodwill
3,784
3,759
3,319
+0.7%
Intangible assets
854
992
764
-13.9%
Investments
6,647
3,918
2,859
+69.7%
Cash and equivalents
19,334
15,890
14,557
+21.7%
Receivables
8,339
5,654
5,612
+47.5%
Inventory
11,461
10,243
8,299
+11.9%
Other assets
3,869
2,453
2,128
+57.7%
Total assets
83,402
64,747
54,505
+28.8%
10-K for the year ended 31 December 2016, filed 1 February 2019: the filing.