Access the 2018 annual report of Amazonhere(Links to an external site.)Go to page 36 and access the company's statements of cash flows

link: https://s2.q4cdn.com/299287126/files/doc_financials/annual/Amazon_AR.PDF

(I added the screenshot of the page 36-37-38 include more information below for the company's statements of cash flows)

REQUIRED:

1. Locate the INVESTING section
2. What are thetwo largestactivities that the company spent most money in during the three years?
3. Focus on year 2017, and locate the largest investing activity? What is it that Amazon spent almost $14 billion for? You may want to read the disclosure notes or google search
4. Locate the FINANCING section:
5. What is the largest activity that Amazon spent money in? What does this entail?

Report of Independent Registered Public Accounting Firm The Board of Directors and Shareholders Amazon.com, Inc. Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of Amazon.com, Inc. as of December 31, 2017 and 2016, and the related consolidated statements of operations, comprehensive income, stockholders' equity, and cash ows for each of the three years in the period ended December 31, 2017 and the related notes (collectively referred to as the 'nancial statements'). In our opinion, the nancial statements referred to above present fairly, in all material respects, the consolidated nancial position of Amazon.com, Inc. at December 31, 2017 and 2016, and the consolidated results of its operations and its cash ows for each of the three years in the period ended December 31, 2017, in conformity with US. generally accepted accounting principles. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), Amazon.com, Inc.'s internal control over nancial reporting as of December 31, 2017, based on criteria established in Internal ControlIntegrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) and our report dated February 1, 2018 expressed an unqualied opinion thereon. Basis for Opinion These nancial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these nancial statements based on our audits. We are a public accounting rm registered with the PCAOB and required to be independent with respect to the Company in accordance with the US. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the nancial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the nancial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the nancial statements. Our audits also included evaluating the accounting principles used and signicant estimates made by management, as well as evaluating the overall presentation of the nancial statements. We believe that our audits provide a reasonable basis for our opinion. /s/ Ernst & Young LLP We have served as the Company's auditor since 1996. Seattle, Washington February 1, 2018 AMAZJON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) M 2015 L L CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD S 14,557 S 15,890 S 19,3 34 OPERATING ACTIVITIES: Net income 596 2,371 3,033 Adjustments to reconcile net income to net cash from operating activities: Depreciation of property and equipment including intemal-use soware and website development, and other amortization, including capitalized content costs 6,281 8,1 16 11,478 Stock-based compensation 2,1 19 2,975 4,215 Other operating expense, net 155 160 202 Other expense (income), net 250 (20) (292) Deferred income taxes 81 (246) (29) Changes in operating assets and liabilities: Inventories (2,187) (1,426) (3,583) Accounts receivable, net and other (1,755) (3,367) (4,786) Accounts payable 4,294 5,030 7,175 Accrued expenses and other 913 1,724 283 Unearned revenue 1,292 1,955 738 Net cash provided by (used in) operating activities 12,039 17,272 18,434 INVESTING ACTIVITIES: :$?:;:ehtt property and equipment, mcludrng mtemal-use soware and websrte (5,387) (7,804) (11,955) Proceeds from property and equipment incentives 798 1,067 1,897 Acquisitions, net of cash acquired, and other (795) (116) (13,972) Sales and maturities of marketable securities 3,025 4,733 9,988 Purchases of marketable securities (4,091) (7,756) (13,777) Net cash provided by (used in) investing activities W (9,876) (27,819) FINANCING ACTIVITIES: Proceeds from long~term debt and other 353 621 16,231 Repayments of long-term debt and other (1,652) (354) (1,372) Principal repayments of capital lease obligations (2,462) (3,860) (4,799) Principal repayments of nance lease obligations (121) (147) (200) Net cash provided by (used in) financing activities (3,882) (3,740) 9,860 Foreign currency effect on cash and cash equivalents (374) (212) 713 Net increase (decrease) in cash and cash equivalents 1,333 3,444 1,188 CASH AND CASH EQUIVALENTS, END OF PERIOD S 15,890 S 19,334 S 20,522 SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on long-term debt S 325 S 290 S 328 Cash paid for interest on capital and nance lease obligations 153 206 319 Cash paid for income taxes, net of refunds 273 412 957 Property and equipment acquired under capital leases 4,717 5,704 9,637 Property and equipment acquired under build-to-suit leases 544 1,209 3,541 See accompanying notes to consolidated nancial statements. AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data Year Ended December 31, 2015 2016 2017 Net product sales 79,268 $ 94,665 $ 1 18,573 Net service sales 27,738 41,322 59,293 Total net sales 107,006 135,987 177,866 Operating expenses: Cost of sales 71,651 88,265 111,934 Fulfillment 13,410 17,619 25,249 Marketing 5,254 7,233 10,069 Technology and content 12,540 16,085 22,620 General and administrative 1,747 2,432 3.674 Other operating expense, net 171 167 214 Total operating expenses 104,773 131,801 173,760 Operating income 2,233 1,186 ,106 Interest income 50 100 202 Interest expense (459) (484) (848) Other income (expense), net 256 90 346 Total non-operating income (expense) (665) 294 300 Income before income taxes 1,568 3,892 3,806 Provision for income taxes (950) (1,425) (769) Equity-method investment activity, net of tax (22) (96) ( 4) Net income 596 2,371 3,033 Basic earnings per share 1.28 5.01 6.32 Diluted earnings per share 1.25 4.90 6.15 Weighted-average shares used in computation of earnings per share: Basic 467 474 480 Diluted 177 484 493 See accompanying notes to consolidated financial statements