Fri, Aug 2, 10:13 AM (88 days ago)
Amazon.com, Inc.'s Form 10-Q for the quarter ended June 30, 2024, highlights the company's financial performance and condition. Key points include: 1. **Revenue Growth**: Total net sales increased by 10% year-over-year to $147.98 billion for Q2 2024, driven by increases in North America (9%), International (7%), and AWS (19%) segments. 2. **Operating Income**: Operating income rose significantly to $14.67 billion in Q2 2024, up from $7.68 billion in Q2 2023. The increase was attributed to higher sales and operational efficiencies, especially in AWS. 3. **Net Income**: Net income more than doubled to $13.49 billion for Q2 2024 from $6.75 billion in Q2 2023. 4. **Cash Flow**: Operating cash flow for the six months ended June 30, 2024, was $44.27 billion, a substantial increase from $21.26 billion in the prior year. 5. **Capital Expenditures**: Significant investments were made in technology infrastructure and fulfillment network, with cash capital expenditures rising to $30.3 billion for the six months ended June 30, 2024. 6. **Debt and Equity**: The company had $62.5 billion in long-term debt as of June 30, 2024, and strong liquidity with cash, cash equivalents, and marketable securities totaling $89.1 billion. 7. **Future Guidance**: Amazon anticipates Q3 2024 net sales between $154 billion and $158.5 billion, with operating income expected to range from $11.5 billion to $15 billion. 8. **Risks and Uncertainties**: The report outlines risks including competition, regulatory changes, and market volatility, which could impact future performance. Overall, Amazon demonstrated robust financial health and growth, driven by strong performance across its key business segments and substantial investments in infrastructure.