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AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions Year Ended December 31, 2014 2015 14,557 8,658 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD OPERATING
AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions Year Ended December 31, 2014 2015 14,557 8,658 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD OPERATING ACTIVITIES: Net income (loss) (241) 596 Adjustments to reconcile net income (loss) to net cash from operating activities: Depreciation of property and equipment, including internal-use software and website development, and other amortization, including capitalized content costs 4,746 6,281 Stock-based compensation 1,497 2,119 155 Other operating expense, net 129 Other expense (income), net 250 59 Deferred income taxes (316) 81 Excess tax benefits from stock-based compensation (119) (6) Changes in operating assets and liabilities: Inventories (2,187) 2016 15,890 2,371 8,116 2,975 160 (20) (246) (829) (1,426)
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