Amazon.com, Inc.’s fi nancial statements are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. The complete annual reports of Amazon and Wal-Mart, including the notes to the fi nancial statements, are available at each company’s respective website.

Instructions

Based on the information contained in these financial statements, determine the net cash used in investing activities for each company.