Amazon.com (AMZN) FY2023 results: revenue $574.8 billion, up 11.8% on the year
Amazon.com Inc. (AMZN) reported revenue of $574.8 billion for fiscal 2023, the year ended 31 December 2023, up 11.8% on the year before. Net income was $30.4 billion, and diluted earnings per share $2.90. The figures are the company's own, from the 10-K it filed with the SEC on 2 February 2024.
Revenue
$574.8 billion
+11.8% on the year
FY2016FY2023
Operating margin
6.4%
2.4% a year earlier
FY2016FY2023
Net income
$30.4 billion
FY2016FY2023
Diluted EPS
$2.90
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
84,946
46,752
46,327
+81.7%
Capital expenditure
52,729
63,645
61,053
-17.2%
Free cash flow
32,217
-16,893
-14,726
Free cash flow margin
5.6%
-3.3%
-3.1%
Cash from investing
-49,833
-37,601
-58,154
Cash from financing
-15,879
9,718
6,291
Depreciation and amortisation
48,663
41,921
34,433
+16.1%
Share-based compensation
24,023
19,621
12,757
+22.4%
Buybacks
0.0
6,000
0.0
Diluted shares, weighted
10,492m
10,189m
10,300m
+3.0%
Shares outstanding at period end
10,383m
10,242m
10,180m
+1.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
201,875
146,043
138,245
+38.2%
Short-term borrowings
147
1,200
318
-87.8%
Debt
67,182
70,542
50,553
-4.8%
Operating lease liabilities
67,220
61,582
51,981
+9.2%
Finance lease liabilities
10,077
11,386
15,670
-11.5%
Other liabilities
181,353
171,922
163,782
+5.5%
Total liabilities and equity
527,854
462,675
420,549
+14.1%
Goodwill
22,789
20,288
15,371
+12.3%
Intangible assets
7,687
6,097
5,107
+26.1%
Investments
13,393
16,138
59,829
-17.0%
Cash and equivalents
73,387
53,888
36,220
+36.2%
Receivables
52,253
42,360
32,891
+23.4%
Inventory
33,318
34,405
32,640
-3.2%
Other assets
325,027
289,499
238,491
+12.3%
Total assets
527,854
462,675
420,549
+14.1%
10-K for the year ended 31 December 2023, filed 2 February 2024: the filing.