Amazon.com, Inc Consolidated Statements of Cash Flows (in millions) Year Ended December 31 2016 2017 $11,175 $19,934 2015 2,371 3031 10,073 8,116 2.975 11.478 4215 15.11 2014 (20) (293) 21 (346 41 (1435 (3,436) SONO 1.734 1.955 (51) (4.780) 7.100 12,114) (4615) 123 125 0.723 1220 18.35 CASH CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD OPERATING ACTIVITIES Net Income Mustments to reconcile income to Betch from operating activities Depreciation of property and equipment and other amortization, including capi alled content costs Stock based compensation Other operating expense.net Other expense Income Deferred Income Changes is operating assets and lia Inverter Accounts receivable, ntand other Accounts paya Accuede penses and other Undeve Netcat provided by Cooperating activities INVESTING ACTIVITIES: Purchases of property and equipment Proceeds from property and etc Ajustion et of chaqired, and other Sales and maturities of marketable scurt Purchase of marketable securities Netch provided by used in investing activities PINANCING ACTIVITIES Trods from og er det and the Repayments of long-term debit and other Principal payments of capitalisme Principal payments of translation Net cash provided by Coin financing activities Trency concat.cash valented cash Netcase (dec) in cascushion and restrich CASAL CASH EQUIVALENTS AND LUSTIUCTED CASSIC END OF PERIOD SUPLEMENTAL.CASH FLOW INFORMATION Choroloncedett Cash paid for interest on capital and financeitos Caspad for me, onde repeny anilgende Property and entender (1107) 2.104 (7.804 1.06 11 4577 240) (9.515) (11955) 1.AV? (1972) 9:677 (12.711 (27,00 40 100 (1.100 (4.7903 758 1600 (7.41 (2 0.00 1147 16) 21 12 1024 9,92 CA 19 10.12 12 300 413 1.2004 IN 3 395 LI 319 51 6 11 APPENDIX D Specimen Financial Statements: Amazon.com, Inc. D-3 Amazon.com, Inc. Consolidated Statements of Operations (in millions, except per share data) 2016 $94,665 41,322 135,987 Year Ended December 31, 2017 2018 $118,573 $141.915 59.293 90,972 177.866 232,887 88,265 111,934 139,156 34,027 25,249 17,619 7,233 16,085 2,432 167 10,069 22,620 3,674 214 13,814 28,837 4,336 296 131.801 Net product sales Net service sales Total net sales Operating expenses Cost of sales Pulfillment Marketing Technology and content General and administrative Other operating expense, not Total operating expenses Operating income Interest income Interest expense Other income (expense), net Total non-operating income (expense) Income before income taxes Provision for income taxes Equity method investment activity, net of tax Net income Basic earnings per share Diluted earnings per share Weighted average shares used in computation of eamings per share: Basic Diluted 4,186 100 173 760 4,106 202 (848) 346 (484) 90 (294) 3,892 (1.425) (96) $ 2371 $9.01 220,466 12,421 440 (1.417) (183) (1.160 11,261 (1.197) 9 (300 3,806 (769) $ 3,033 S 6.12 $ 6.15 $ 10,073 $20.68 $ 20.14 $ 4.90 480 482 474 484 493 500 See accompanying notes to consolidated financial statements. Amazon.com, Inc. Consolidated Statements of Comprehensive Income (in millions) Year Ended December 31, 2016 2018 2017 $3,033 $10,073 533 (538) 9 (39) (17) Net income $2,371 Other comprehensive income (loss): Foreign currency translation adjustments, net of tax of S(49), $5, and $6 (279) Net change in unrealized gains (losses) on available-for-sale debt securities: Unrealized gains (losses), net of tax of S(12), SS, and so Reclassification adjustment for losses (gains) included in "Other Income (expense), net," net of tax of $0, 50, and so Net unrealized gains (losses) on available for sale debt securities Total other comprehensive income (loss) (262) Comprehensive income $2,109 See accompanying notes to consolidated financial statements. 17 (32) (9 501 $3,314 (547) $ 9,526 APPENDIX D Specimen Financial Statements: Amazon.com, Inc. D-5 Amazon.com, Inc. Consolidated Balance Sheets (in millions, except pershare data) December 31, 2017 2018 ASSETS $ 31,750 9.500 $ 20,522 10,464 16,047 13,164 60,197 48,866 17,174 16,677 75,101 61,797 14,548 11,202 $162.648 13,350 8,897 $131310 $ 34,616 18.170 5,092 57.8 $ 38,192 23.663 6516 68.391 Current assets Cash and cash equivalents Marketable securities Inventories Accounts receivable, net and other Total current assets Property and equipment, net Goodwill Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable Accrued expenses and other Unearned revenue Total current liabilities Long-term debt Other long-term liabilities Commitments and contingencies (Note) Stockholders' equity: Preferred Mock, 30.01 par value Authorized tharet-500 Issued and outstanding shares-none Common stock, 50.01 par value: Authorized shares-3,000 Issued shares-507 and 514 Outstanding shares-44 and 401 Treasury stock, at cost Additional pald-in capital Accumulated other comprehensive to Retained earning Total stockholdend equity Total abilities and stockholders equity 24,74 23.495 20,975 27.213 3 5 (11) 21.10 (1.17) 26,791 (1035) 19.03 41.549 5167668 360 27:200 3331110 Amazon.com, Inc.'s financial statements are presented in Appendix D. Click here to view Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E Click here to view Appendix E The complete annual reports of Amazon and Wal-Mart, including the notes to the financial statements are available at each company's respective website. Wal-Mart has 11.000 million shares authorized. (a) What percentage of authorized shares was issued by Amazon at December 31, 2018, and by Wal-Mart at January 31, 2019? (Round answers to 1 decimal place, eg. 52,5%) Amazon Wal-Mart Percentage of authorized shares issued %6 $ Amazon.com, Inc Consolidated Statements of Cash Flows (in millions) Year Ended December 31 2016 2017 $11,175 $19,934 2015 2,371 3031 10,073 8,116 2.975 11.478 4215 15.11 2014 (20) (293) 21 (346 41 (1435 (3,436) SONO 1.734 1.955 (51) (4.780) 7.100 12,114) (4615) 123 125 0.723 1220 18.35 CASH CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD OPERATING ACTIVITIES Net Income Mustments to reconcile income to Betch from operating activities Depreciation of property and equipment and other amortization, including capi alled content costs Stock based compensation Other operating expense.net Other expense Income Deferred Income Changes is operating assets and lia Inverter Accounts receivable, ntand other Accounts paya Accuede penses and other Undeve Netcat provided by Cooperating activities INVESTING ACTIVITIES: Purchases of property and equipment Proceeds from property and etc Ajustion et of chaqired, and other Sales and maturities of marketable scurt Purchase of marketable securities Netch provided by used in investing activities PINANCING ACTIVITIES Trods from og er det and the Repayments of long-term debit and other Principal payments of capitalisme Principal payments of translation Net cash provided by Coin financing activities Trency concat.cash valented cash Netcase (dec) in cascushion and restrich CASAL CASH EQUIVALENTS AND LUSTIUCTED CASSIC END OF PERIOD SUPLEMENTAL.CASH FLOW INFORMATION Choroloncedett Cash paid for interest on capital and financeitos Caspad for me, onde repeny anilgende Property and entender (1107) 2.104 (7.804 1.06 11 4577 240) (9.515) (11955) 1.AV? (1972) 9:677 (12.711 (27,00 40 100 (1.100 (4.7903 758 1600 (7.41 (2 0.00 1147 16) 21 12 1024 9,92 CA 19 10.12 12 300 413 1.2004 IN 3 395 LI 319 51 6 11 APPENDIX D Specimen Financial Statements: Amazon.com, Inc. D-3 Amazon.com, Inc. Consolidated Statements of Operations (in millions, except per share data) 2016 $94,665 41,322 135,987 Year Ended December 31, 2017 2018 $118,573 $141.915 59.293 90,972 177.866 232,887 88,265 111,934 139,156 34,027 25,249 17,619 7,233 16,085 2,432 167 10,069 22,620 3,674 214 13,814 28,837 4,336 296 131.801 Net product sales Net service sales Total net sales Operating expenses Cost of sales Pulfillment Marketing Technology and content General and administrative Other operating expense, not Total operating expenses Operating income Interest income Interest expense Other income (expense), net Total non-operating income (expense) Income before income taxes Provision for income taxes Equity method investment activity, net of tax Net income Basic earnings per share Diluted earnings per share Weighted average shares used in computation of eamings per share: Basic Diluted 4,186 100 173 760 4,106 202 (848) 346 (484) 90 (294) 3,892 (1.425) (96) $ 2371 $9.01 220,466 12,421 440 (1.417) (183) (1.160 11,261 (1.197) 9 (300 3,806 (769) $ 3,033 S 6.12 $ 6.15 $ 10,073 $20.68 $ 20.14 $ 4.90 480 482 474 484 493 500 See accompanying notes to consolidated financial statements. Amazon.com, Inc. Consolidated Statements of Comprehensive Income (in millions) Year Ended December 31, 2016 2018 2017 $3,033 $10,073 533 (538) 9 (39) (17) Net income $2,371 Other comprehensive income (loss): Foreign currency translation adjustments, net of tax of S(49), $5, and $6 (279) Net change in unrealized gains (losses) on available-for-sale debt securities: Unrealized gains (losses), net of tax of S(12), SS, and so Reclassification adjustment for losses (gains) included in "Other Income (expense), net," net of tax of $0, 50, and so Net unrealized gains (losses) on available for sale debt securities Total other comprehensive income (loss) (262) Comprehensive income $2,109 See accompanying notes to consolidated financial statements. 17 (32) (9 501 $3,314 (547) $ 9,526 APPENDIX D Specimen Financial Statements: Amazon.com, Inc. D-5 Amazon.com, Inc. Consolidated Balance Sheets (in millions, except pershare data) December 31, 2017 2018 ASSETS $ 31,750 9.500 $ 20,522 10,464 16,047 13,164 60,197 48,866 17,174 16,677 75,101 61,797 14,548 11,202 $162.648 13,350 8,897 $131310 $ 34,616 18.170 5,092 57.8 $ 38,192 23.663 6516 68.391 Current assets Cash and cash equivalents Marketable securities Inventories Accounts receivable, net and other Total current assets Property and equipment, net Goodwill Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable Accrued expenses and other Unearned revenue Total current liabilities Long-term debt Other long-term liabilities Commitments and contingencies (Note) Stockholders' equity: Preferred Mock, 30.01 par value Authorized tharet-500 Issued and outstanding shares-none Common stock, 50.01 par value: Authorized shares-3,000 Issued shares-507 and 514 Outstanding shares-44 and 401 Treasury stock, at cost Additional pald-in capital Accumulated other comprehensive to Retained earning Total stockholdend equity Total abilities and stockholders equity 24,74 23.495 20,975 27.213 3 5 (11) 21.10 (1.17) 26,791 (1035) 19.03 41.549 5167668 360 27:200 3331110 Amazon.com, Inc.'s financial statements are presented in Appendix D. Click here to view Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E Click here to view Appendix E The complete annual reports of Amazon and Wal-Mart, including the notes to the financial statements are available at each company's respective website. Wal-Mart has 11.000 million shares authorized. (a) What percentage of authorized shares was issued by Amazon at December 31, 2018, and by Wal-Mart at January 31, 2019? (Round answers to 1 decimal place, eg. 52,5%) Amazon Wal-Mart Percentage of authorized shares issued %6 $