Amazon.com (AMZN) FY2017 results: revenue $177.9 billion, up 30.8% on the year
Amazon.com Inc. (AMZN) reported revenue of $177.9 billion for fiscal 2017, the year ended 31 December 2017, up 30.8% on the year before. Net income was $3.0 billion, up 27.9%, and diluted earnings per share $0.31. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2019.
Revenue
$177.9 billion
+30.8% on the year
FY2010FY2017
Operating margin
2.3%
3.1% a year earlier
FY2010FY2017
Net income
$3.0 billion
+27.9% on the year
FY2010FY2017
Diluted EPS
$0.31
+25.5% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
177,866
135,987
107,006
+30.8%
Cost of revenue
111,934
88,265
71,651
+26.8%
Gross profit
65,932
47,722
35,355
+38.2%
Gross margin
37.1%
35.1%
33.0%
Operating income
4,106
4,186
2,233
-1.9%
Operating margin
2.3%
3.1%
2.1%
Interest expense
848
484
459
+75.2%
Pre-tax income
3,806
3,892
1,568
-2.2%
Income tax
769
1,425
950
-46.0%
Effective tax rate
20.2%
36.6%
60.6%
Net income
3,033
2,371
596
+27.9%
Net margin
1.7%
1.7%
0.6%
Diluted EPS
$0.31
$0.24
$0.06
+25.5%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
18,365
17,203
12,039
+6.8%
Capital expenditure
11,955
6,737
4,589
+77.5%
Free cash flow
6,410
10,466
7,450
-38.8%
Free cash flow margin
3.6%
7.7%
7.0%
Cash from investing
-27,084
-9,516
-6,450
Cash from financing
9,928
-3,716
-3,882
Depreciation and amortisation
11,478
8,116
6,281
+41.4%
Share-based compensation
4,215
2,975
2,119
+41.7%
Diluted shares, weighted
9,860m
9,680m
9,540m
+1.9%
Shares outstanding at period end
9,680m
9,540m
9,420m
+1.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
27,709
19,285
13,384
+43.7%
Debt
24,942
8,838
8,562
+182.2%
Other liabilities
78,659
55,279
42,801
+42.3%
Total liabilities and equity
131,310
83,402
64,747
+57.4%
Fixed assets
48,866
29,114
21,838
+67.8%
Goodwill
13,350
3,784
3,759
+252.8%
Intangible assets
3,371
854
992
+294.7%
Investments
10,464
6,647
3,918
+57.4%
Cash and equivalents
20,522
19,334
15,890
+6.1%
Receivables
13,164
8,339
5,654
+57.9%
Inventory
16,047
11,461
10,243
+40.0%
Other assets
5,526
3,869
2,453
+42.8%
Total assets
131,310
83,402
64,747
+57.4%
10-K for the year ended 31 December 2017, filed 1 February 2019: the filing.