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?Based on Amazons 10K report, What does the company's change in Earnings per Share and Price Earnings Ratio year-over-year tell you at first glance? Consolidated

?Based on Amazons 10K report, What does the company's change in Earnings per Share and Price Earnings Ratio year-over-year tell you at first glance?

Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions 12 Months Ended
Dec. 31, 2017 Dec. 31, 2016 Dec. 31, 2015
Income Statement [Abstract]
Net product sales $ 118,573 $ 94,665 $ 79,268
Net service sales 59,293 41,322 27,738
Total net sales 177,866 135,987 107,006
Operating expenses:
Cost of sales 111,934 88,265 71,651
Fulfillment 25,249 17,619 13,410
Marketing 10,069 7,233 5,254
Technology and content 22,620 16,085 12,540
General and administrative 3,674 2,432 1,747
Other operating expense, net 214 167 171
Total operating expenses 173,760 131,801 104,773
Operating income (loss) 4,106 4,186 2,233
Interest income 202 100 50
Interest expense (848) (484) (459)
Other income (expense), net 346 90 (256)
Total non-operating income (expense) (300) (294) (665)
Income before income taxes 3,806 3,892 1,568
Provision for income taxes (769) (1,425) (950)
Equity-method investment activity, net of tax (4) (96) (22)
Net income $ 3,033 $ 2,371 $ 596
Basic earnings per share (in usd per share) $ 6.32 $ 5.01 $ 1.28
Diluted earnings per share (in usd per share) $ 6.15 $ 4.90 $ 1.25
Weighted-average shares used in computation of earnings per share:
Basic (in shares) 480 474 467
Diluted (in shares) 493 484 477

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