From the Table of Contents, select Financial Statements and Supplementary Data. Use the (Consolidated) Income Statement to answer the following:

What was the companys total sales revenue for the most recent year? What was their cost of goods sold? What was their gross profit? Calculate their gross profit percentage. Show calculations.

AMAZON.COM, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except per share data)

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

See accompanying notes to consolidated financial statements.