Determine if Amazon has assets under capital lease on its balance sheet. Explain the details of Amazon leasing transactions, capital or operating, based on the amounts and disclosures found in the financial statements and the notes to the financial statements. How do the capital or operating leasing arrangements impact the overall profitability and debt position of your company? Instead, focus on the details in the notes and determine how well the company presented the information to an informed reader. What did the Amazon provide about its leases in the notes and why is that information important? How does each company comply with the rules as provided in the FASB Codification?

Balance Sheet: AssetsBeginner level

Annual Data

Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

See Also:

Walmart Inc. (NYSE:WMT), Assets

Home Depot Inc. (NYSE:HD), Assets

Costco Wholesale Corp. (NASDAQ:COST), Assets

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Amazon.com Inc., consolidated balance sheet: assets

US$ in millionsMicrosoft Excel LibreOffice Calc

Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015

Cash and cash equivalents 36,092 31,750 20,522 19,334 15,890

Marketable securities 18,929 9,500 10,464 6,647 3,918

Inventories 20,497 17,174 16,047 11,461 10,243

Accounts receivable, net 17,663 13,310 9,692 6,561 4,400

Other 3,153 3,367 3,472 1,778 2,023

Accounts receivable, net and other

20,816

16,677

13,164

8,339

6,423

Current assets

96,334

75,101

60,197

45,781

36,474

Property and equipment, net 72,705 61,797 48,866 29,114 21,838

Operating leases 25,141

Goodwill 14,754 14,548 13,350 3,784 3,759

Other assets 16,314 11,202 8,897 4,723 3,373

Long-term assets

128,914

87,547

71,113

37,621

28,970

Total assets

225,248

162,648

131,310

83,402

65,444

Based on: 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-02-01), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-01-29).

Assets: Selected Items

Amazon.com Inc., assets: selected items

Current assets

Property and equipment, net

Long-term assets

Total assets

Dec 31, 2015

Dec 31, 2016

Dec 31, 2017

Dec 31, 2018

Dec 31, 2019

0

50,000

100,000

150,000

200,000

250,000

US$ in millions

Date Current assets Property and equipment, net Long-term assets Total assets

Dec 31, 2015 36,474 21,838 28,970 65,444

Dec 31, 2016 45,781 29,114 37,621 83,402

Dec 31, 2017 60,197 48,866 71,113 131,310

Dec 31, 2018 75,101 61,797 87,547 162,648

Dec 31, 2019 96,334 72,705 128,914 225,248

Balance sheet item Description The company

Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Amazon.com Inc.'s current assets increased from 2017 to 2018 and from 2018 to 2019.

Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Amazon.com Inc.'s property and equipment, net increased from 2017 to 2018 and from 2018 to 2019.

Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Amazon.com Inc.'s long-term assets increased from 2017 to 2018 and from 2018 to 2019.

Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Amazon.com Inc.'s total assets increased from 2017 to 2018 and from 2018 to 2019.

Current Assets: Selected Items

Amazon.com Inc., current assets: selected items

Cash and cash equivalents

Marketable securities

Inventories

1/2

Dec 31, 2015

Dec 31, 2016

Dec 31, 2017

Dec 31, 2018

Dec 31, 2019

0

10,000

20,000

30,000

40,000

US$ in millions

Date Cash and cash equivalents Marketable securities Inventories Accounts receivable, net

Dec 31, 2015 15,890 3,918 10,243 4,400

Dec 31, 2016 19,334 6,647 11,461 6,561

Dec 31, 2017 20,522 10,464 16,047 9,692

Dec 31, 2018 31,750 9,500 17,174 13,310

Dec 31, 2019 36,092 18,929 20,497 17,663

Balance sheet item Description The company

Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Amazon.com Inc.'s cash and cash equivalents increased from 2017 to 2018 and from 2018 to 2019.

Marketable securities Amount of investment in marketable security, classified as current. Amazon.com Inc.'s marketable securities decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.

Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Amazon.com Inc.'s inventories increased from 2017 to 2018 and from 2018 to 2019.

Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Amazon.com Inc.'s accounts receivable, net increased from 2017 to 2018 and from 2018 to 2019.