a) Make a Horizontal Analysis

AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) .2017 Year Ended December 31. 2017 2016 2018 16,175 $ 19.934 S 21,856 2.371 3,033 10,073 8,116 2,975 160 (20) (246) 11.478 4,215 202 (292) (29) 15.341 5,418 274 219 441 (1,420) (3,436) 5,030 1.724 1,955 17.203 (3,583) (4,780) 7,100 283 (1,314) (4.615) 3.263 472 1,151 738 18,365 30,723 (13.427) 2,104 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to net cash from operating activities: Depreciation of property and equipment and other amortization, including capitalized content costs Stock-based compensation Other operating expense, net Other expense (income), net Deferred income taxes Changes in operating assets and liabilities: Inventories Accounts receivable, net and other Accounts payable Accrued expenses and other Uneamed revenue Net cash provided by (used in) operating activities INVESTING ACTIVITIES: Purchases of property and equipment Proceeds from property and equipment incentives Acquisitions, net of cash acquired, and other Sales and maturities of marketable securities Purchases of marketable securities Net cash provided by (used in) investing activities FINANCING ACTIVITIES: Proceeds from long-term debt and other Repayments of long-term debt and other Principal repayments of capital lease obligations Principal repayments of finance lease obligations Net cash provided by used in) financing activities Foreign currency effect on cash, cash equivalents, and restricted cash Net increase (decrease) in cash, cash equivalents, and restricted cash CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on long-term debt Cash paid for interest on capital and finance lease obligations Cash paid for income taxes, net of refunds Property and equipment acquired under capital leases Property and equipment acquired under build-to-suit leases (7,804) 1,067 (116) 4,577 (7,240) (9,516) (11,955) 1.897 (13,972) 9,677 (12.731) (2,186) 8,240 (7.100) (12,369) (27,084) 618 (327) (3,860) (147) 16,228 (1,301) (4.799) (200) 9,928 713 1.922 21.856 768 (668) (7.449) (337) (7,686) (351) 10.317 32,173 (3,716) (212) 3,759 $ 19,934 S $ S 290 206 412 5,704 1,209 854 575 1,184 328 $ 319 957 9,637 3,541 10,615 3,641 See accompanying notes to consolidated financial statements