Amazon.com (AMZN) FY2020 results: revenue $386.1 billion, up 37.6% on the year
Amazon.com Inc. (AMZN) reported revenue of $386.1 billion for fiscal 2020, the year ended 31 December 2020, up 37.6% on the year before. Net income was $21.3 billion, up 84.1%, and diluted earnings per share $2.09. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2021.
Revenue
$386.1 billion
+37.6% on the year
FY2013FY2020
Operating margin
5.9%
5.2% a year earlier
FY2013FY2020
Net income
$21.3 billion
+84.1% on the year
FY2013FY2020
Diluted EPS
$2.09
+81.8% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
386,064
280,522
232,887
+37.6%
Cost of revenue
233,307
165,536
139,156
+40.9%
Gross profit
152,757
114,986
93,731
+32.8%
Gross margin
39.6%
41.0%
40.2%
Operating income
22,899
14,541
12,421
+57.5%
Operating margin
5.9%
5.2%
5.3%
Interest expense
1,647
1,600
1,417
+2.9%
Pre-tax income
24,178
13,976
11,261
+73.0%
Income tax
2,863
2,374
1,197
+20.6%
Effective tax rate
11.8%
17.0%
10.6%
Net income
21,331
11,588
10,073
+84.1%
Net margin
5.5%
4.1%
4.3%
Diluted EPS
$2.09
$1.15
$1.01
+81.8%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
66,064
38,514
30,723
+71.5%
Capital expenditure
40,140
16,861
13,427
+138.1%
Free cash flow
25,924
21,653
17,296
+19.7%
Free cash flow margin
6.7%
7.7%
7.4%
Cash from investing
-59,611
-24,281
-12,369
Cash from financing
-1,104
-10,066
-7,686
Depreciation and amortisation
25,180
21,789
15,341
+15.6%
Share-based compensation
9,208
6,864
5,418
+34.1%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
10,200m
10,080m
10,000m
+1.2%
Shares outstanding at period end
10,060m
9,960m
9,820m
+1.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
93,404
62,060
43,549
+50.5%
Debt
33,174
24,820
24,965
+33.7%
Operating lease liabilities
34,513
22,696
n/a
+52.1%
Finance lease liabilities
18,060
17,095
n/a
+5.6%
Other liabilities
142,044
98,577
94,134
+44.1%
Total liabilities and equity
321,195
225,248
162,648
+42.6%
Fixed assets
n/a
72,705
61,797
Goodwill
15,017
14,754
14,548
+1.8%
Intangible assets
4,981
4,049
4,110
+23.0%
Investments
42,274
18,929
9,500
+123.3%
Cash and equivalents
42,122
36,092
31,750
+16.7%
Receivables
24,542
20,816
16,677
+17.9%
Inventory
23,795
20,497
17,174
+16.1%
Other assets
168,464
37,406
7,092
+350.4%
Total assets
321,195
225,248
162,648
+42.6%
10-K for the year ended 31 December 2020, filed 3 February 2021: the filing.