Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | |||
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Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
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Total net sales | $ 158,877 | $ 143,083 | $ 450,167 | $ 404,824 | |
Operating expenses: | |||||
Cost of sales | 80,977 | 75,022 | 227,395 | 212,186 | |
Fulfillment | 24,660 | 22,314 | 70,543 | 64,524 | |
Technology and infrastructure | 22,245 | 21,203 | 64,973 | 63,584 | |
Sales and marketing | 10,609 | 10,551 | 30,783 | 31,468 | |
General and administrative | 2,713 | 2,561 | 8,496 | 8,806 | |
Other operating expense (income), net | 262 | 244 | 587 | 613 | |
Total operating expenses | 141,466 | 131,895 | 402,777 | 381,181 | |
Operating income | 17,411 | 11,188 | 47,390 | 23,643 | |
Interest income | 1,256 | 776 | 3,429 | 2,048 | |
Interest expense | (603) | (806) | (1,836) | (2,469) | |
Other income (expense), net | (27) | 1,031 | (2,718) | 649 | |
Total non-operating income (expense) | 626 | 1,001 | (1,125) | 228 | |
Income before income taxes | 18,037 | 12,189 | 46,265 | 23,871 | |
Provision for income taxes | (2,706) | (2,306) | (6,940) | (4,058) | |
Equity-method investment activity, net of tax | (3) | (4) | (81) | (12) | |
Net income | $ 15,328 | $ 9,879 | $ 39,244 | $ 19,801 | |
Basic earnings per share (in usd per share) | $ 1.46 | $ 0.96 | $ 3.76 | $ 1.93 | |
Diluted earnings per share (in usd per share) | $ 1.43 | $ 0.94 | $ 3.67 | $ 1.89 | |
Weighted-average shares used in computation of earnings per share: | |||||
Basic (in shares) | 10,501 | 10,322 | 10,447 | 10,286 | |
Diluted (in shares) | 10,735 | 10,558 | 10,705 | 10,452 | |
Product | |||||
Total net sales | $ 67,601 | $ 63,171 | $ 190,085 | $ 179,184 | |
Service | |||||
Total net sales | $ 91,276 | $ 79,912 | $ 260,082 | $ 225,640 |
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- Definition Costs incurred to operate and staff fulfillment and customer service centers, including buying, receiving, inspecting, and warehousing inventories; picking, packaging and preparing customer orders for shipment; payment processing and related transaction costs. Fulfillment costs also include amounts paid to third parties that assist us in fulfillment and customer service operations. No definition available.
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- Definition Payroll and related expenses for application development, editorial content, merchandising selection, and systems support; and costs associated with computing, storage and telecommunications infrastructure. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Expenditures for planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services. Costs of public relations and corporate promotions are typically considered to be marketing costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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