Amazon.com (AMZN) FY2018 results: revenue $232.9 billion, up 30.9% on the year
Amazon.com Inc. (AMZN) reported revenue of $232.9 billion for fiscal 2018, the year ended 31 December 2018, up 30.9% on the year before. Net income was $10.1 billion, up 232.1%, and diluted earnings per share $1.01. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2019.
Revenue
$232.9 billion
+30.9% on the year
FY2011FY2018
Operating margin
5.3%
2.3% a year earlier
FY2011FY2018
Net income
$10.1 billion
+232.1% on the year
FY2011FY2018
Diluted EPS
$1.01
+227.5% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
232,887
177,866
135,987
+30.9%
Cost of revenue
139,156
111,934
88,265
+24.3%
Gross profit
93,731
65,932
47,722
+42.2%
Gross margin
40.2%
37.1%
35.1%
Operating income
12,421
4,106
4,186
+202.5%
Operating margin
5.3%
2.3%
3.1%
Interest expense
1,417
848
484
+67.1%
Pre-tax income
11,261
3,806
3,892
+195.9%
Income tax
1,197
769
1,425
+55.7%
Effective tax rate
10.6%
20.2%
36.6%
Net income
10,073
3,033
2,371
+232.1%
Net margin
4.3%
1.7%
1.7%
Diluted EPS
$1.01
$0.31
$0.24
+227.5%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
30,723
18,365
17,203
+67.3%
Capital expenditure
13,427
11,955
6,737
+12.3%
Free cash flow
17,296
6,410
10,466
+169.8%
Free cash flow margin
7.4%
3.6%
7.7%
Cash from investing
-12,369
-27,084
-9,516
Cash from financing
-7,686
9,928
-3,716
Depreciation and amortisation
15,341
11,478
8,116
+33.7%
Share-based compensation
5,418
4,215
2,975
+28.5%
Diluted shares, weighted
10,000m
9,860m
9,680m
+1.4%
Shares outstanding at period end
9,820m
9,680m
9,540m
+1.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
43,549
27,709
19,285
+57.2%
Debt
24,965
24,942
8,838
+0.1%
Other liabilities
94,134
78,659
55,279
+19.7%
Total liabilities and equity
162,648
131,310
83,402
+23.9%
Fixed assets
61,797
48,866
29,114
+26.5%
Goodwill
14,548
13,350
3,784
+9.0%
Intangible assets
4,110
3,371
854
+21.9%
Investments
9,500
10,464
6,647
-9.2%
Cash and equivalents
31,750
20,522
19,334
+54.7%
Receivables
16,677
13,164
8,339
+26.7%
Inventory
17,174
16,047
11,461
+7.0%
Other assets
7,092
5,526
3,869
+28.3%
Total assets
162,648
131,310
83,402
+23.9%
10-K for the year ended 31 December 2018, filed 1 February 2019: the filing.