Examine the statement of cash flows from Amazon, and evaluate the cash position of the company for the past 2 years based on your understanding of the report.

Provide a detailed rationale on whether you would lend money to this company if you were a creditor.

Fiscal year is January-December. All values USD Millions. Net Income before Extraordinaries Net Income Growth Depreciation, Depletion & Amortization Deferred Taxes & Investment Tax Credit Deferred Taxes Other Funds Funds from Operations Changes in Working Capital Receivables Inventories Accounts Payable Other Accruals Other Assets/Liabilities Net Operating Cash Flow Net Operating Cash Flow Growth Net Operating Cash Flow / Sales 2021 33,364 56.41% 34,296 (310) (310) (1,412) 65,938 (19,611) (18,163) (9,487) 3,602 2,123 2,314 46,327 -29.88% 9.86% 2020 21,331 84.08% 25,251 (554) (554) 6,555 52,583 13,481 (8,169) (2,849) 17,480 5,754 1,265 66,064 71.53% 17.11% 2019 11,588 15.04% 21,789 796 796 6,779 40,952 (2,438) (7,681) (3,278) 8,193 (1,383) 1,711 38,514 25.36% 13.73% 2018 10,073 232.11% 15,341 441 441 5,911 31,766 (1,043) (4,615) (1,314) 3,263 472 1,151 30,723 67.29% 13.19% 2017 3,033 11,478 (29) (29) 4,125 18,607 (242) (4,780) (3,583) 7,100 283 738 18,365 10.33% 5-year trend Investing Activities All values USD Millions. Capital Expenditures Capital Expenditures (Fixed Assets) Capital Expenditures Growth Capital Expenditures / Sales Net Assets from Acquisitions Sale of Fixed Assets & Businesses Purchase/Sale of Investments Purchase of Investments Sale/Maturity of Investments Net Investing Cash Flow Net Investing Cash Flow Growth Net Investing Cash Flow / Sales Financing Activities All values USD Millions. Issuance/Reduction of Debt, Net Change in Current Debt Change in Long-Term Debt Issuance of Long-Term Debt Reduction in Long-Term Debt Net Financing Cash Flow Net Financing Cash Flow Growth Net Financing Cash Flow/Sales Exchange Rate Effect Net Change in Cash Free Cash Flow Free Cash Flow Growth Free Cash Flow Yield 2021 (61,053) (61,053) -52.10% -12.99% (1,985) 5,657 (773) (60,157) 59,384 (58,154) 2.44% -12.38% 2021 6,291 203 19,003 (12,915) 6,291 669.84% 1.34% (364) (5,900) (14,726) -156.80% -0.86% 2020 (40,140) (40,140) -138.06% -10.40% (2,325) 5,096 (22,242) (72,479) 50,237 (59,611) -145.50% -15.44% 2020 (1,104) 619 (1,723) 10,525 (12,248) (1,104) 89.03% -0.29% 618 5,967 25,924 19.72% 2019 (16,861) (16,861) -25.58% -6.01% (2,461) 4,172 (9,131) (31,812) 22,681 (24,281) -96.31% -8.66% 2019 (10,066) (10,066) 2,273 (12,339) (10,066) -30.97% -3.59% 70 4,237 21,653 25.19% 2018 (13,427) (13,427) -12.31% -5.77% (2,186) 2,104 1,140 (7,100) 8,240 (12,369) 54.33% -5.31% 2018 (7,686) (7,686) 768 (8,454) (7,686) -177.42% -3.30% (351) 10,317 17,296 169.83% 2017 (11,955) (11,955) -6.72% (13,972) 1,897 (3,054) (12,731) 9,677 (27,084) -15.23% 2017 9,928 9,928 16,228 (6,300) 9,928 5.58% 713 1,922 6,410 5-year trend 5-year trend III Fiscal year is January-December. All values USD Millions. Net Income before Extraordinaries Net Income Growth Depreciation, Depletion & Amortization Deferred Taxes & Investment Tax Credit Deferred Taxes Other Funds Funds from Operations Changes in Working Capital Receivables Inventories Accounts Payable Other Accruals Other Assets/Liabilities Net Operating Cash Flow Net Operating Cash Flow Growth Net Operating Cash Flow / Sales 2021 33,364 56.41% 34,296 (310) (310) (1,412) 65,938 (19,611) (18,163) (9,487) 3,602 2,123 2,314 46,327 -29.88% 9.86% 2020 21,331 84.08% 25,251 (554) (554) 6,555 52,583 13,481 (8,169) (2,849) 17,480 5,754 1,265 66,064 71.53% 17.11% 2019 11,588 15.04% 21,789 796 796 6,779 40,952 (2,438) (7,681) (3,278) 8,193 (1,383) 1,711 38,514 25.36% 13.73% 2018 10,073 232.11% 15,341 441 441 5,911 31,766 (1,043) (4,615) (1,314) 3,263 472 1,151 30,723 67.29% 13.19% 2017 3,033 11,478 (29) (29) 4,125 18,607 (242) (4,780) (3,583) 7,100 283 738 18,365 10.33% 5-year trend Investing Activities All values USD Millions. Capital Expenditures Capital Expenditures (Fixed Assets) Capital Expenditures Growth Capital Expenditures / Sales Net Assets from Acquisitions Sale of Fixed Assets & Businesses Purchase/Sale of Investments Purchase of Investments Sale/Maturity of Investments Net Investing Cash Flow Net Investing Cash Flow Growth Net Investing Cash Flow / Sales Financing Activities All values USD Millions. Issuance/Reduction of Debt, Net Change in Current Debt Change in Long-Term Debt Issuance of Long-Term Debt Reduction in Long-Term Debt Net Financing Cash Flow Net Financing Cash Flow Growth Net Financing Cash Flow/Sales Exchange Rate Effect Net Change in Cash Free Cash Flow Free Cash Flow Growth Free Cash Flow Yield 2021 (61,053) (61,053) -52.10% -12.99% (1,985) 5,657 (773) (60,157) 59,384 (58,154) 2.44% -12.38% 2021 6,291 203 19,003 (12,915) 6,291 669.84% 1.34% (364) (5,900) (14,726) -156.80% -0.86% 2020 (40,140) (40,140) -138.06% -10.40% (2,325) 5,096 (22,242) (72,479) 50,237 (59,611) -145.50% -15.44% 2020 (1,104) 619 (1,723) 10,525 (12,248) (1,104) 89.03% -0.29% 618 5,967 25,924 19.72% 2019 (16,861) (16,861) -25.58% -6.01% (2,461) 4,172 (9,131) (31,812) 22,681 (24,281) -96.31% -8.66% 2019 (10,066) (10,066) 2,273 (12,339) (10,066) -30.97% -3.59% 70 4,237 21,653 25.19% 2018 (13,427) (13,427) -12.31% -5.77% (2,186) 2,104 1,140 (7,100) 8,240 (12,369) 54.33% -5.31% 2018 (7,686) (7,686) 768 (8,454) (7,686) -177.42% -3.30% (351) 10,317 17,296 169.83% 2017 (11,955) (11,955) -6.72% (13,972) 1,897 (3,054) (12,731) 9,677 (27,084) -15.23% 2017 9,928 9,928 16,228 (6,300) 9,928 5.58% 713 1,922 6,410 5-year trend 5-year trend