Amazon.com Inc. Comparative Financial Statements

Income Statement for Years Ended December 31, 2021, 2022, 2023

• Revenue: $469,822, $514,000, $558,725
• Cost of Revenue: $233,307, $258,741, $281,942
• Gross Profit: $236,515, $255,259, $276,783
• Operating Expenses: $197,866, $207,350, $218,456
• Operating Income: $38,649, $47,909, $58,327
• Interest Expense: $1,426, $1,631, $1,725
• Income Before Tax: $37,223, $46,278, $56,602
• Income Tax Expense: $7,775, $9,708, $11,320
• Net Income: $29,448, $36,570, $45,282

Balance Sheet as of December 31, 2021, 2022, 2023

• Assets
  • Current Assets: $167,110, $179,135, $191,426
  • Property and Equipment, Net: $81,292, $87,619, $94,787
  • Intangible Assets: $23,529, $25,367, $27,125
  • Total Assets: $271,931, $292,121, $313,338
• Liabilities and Equity
  • Current Liabilities: $130,578, $140,260, $150,725
  • Long-Term Debt: $50,589, $54,125, $57,784
  • Shareholders' Equity: $90,764, $97,736, $104,829
  • Total Liabilities and Equity: $271,931, $292,121, $313,338

Requirements

1. Compute the gross profit margin for each year.
2. Determine the operating income as a percentage of revenue for each year.
3. Calculate the interest coverage ratio for each year.
4. Assess the current ratio for each year.