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HELP!! a. Using the Consolidated Statement of Income determine the net income of this company for the most current year. Using the Consolidated Statement of

HELP!! a. Using the Consolidated Statement of Income determine the net income of this company for the most current year. Using the Consolidated Statement of Cash Flows determine the Cash Provided by (from) Operating Activities for the most current year. Compare the two numbers. What do you think is causing this difference? Explain.

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AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in millions) (unaudited) Three Months Ended March 31, 2018 2019 $ 1,629 $ 3,561 59 (8) Net income Other comprehensive income (loss): Foreign currency translation adjustments, net of tax of $21 and $(1) Net change in unrealized gains (losses) on available-for-sale debt securities: Unrealized gains (losses), net of tax of $9 and $0 Reclassification adjustment for losses (gains) included in "Other income (expense), net," net of tax of $0 and $0 Net unrealized gains (losses) on available-for-sale debt securities Total other comprehensive income (loss) Comprehensive income 32 (44) 2 1 (42) 17 1,646 33 25 3,586 $ $ See accompanying notes to consolidated financial statements AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) (unaudited) Three Months Ended March 31, Twelve Months Ended March 31, 2018 2019 2018 2019 17,616 $ 21,856 32,173 $ 16,301 $ 1,629 3,561 3,938 12,005 3,671 4,854 12,714 16,524 1,182 1,274 4,605 5,509 56 (13) 216 205 (184) (437) 268 (135) 415 141 134 714 2,220 719 (2,309) (4,716) 1,029 (10,216) (2,225) 906 (401) (6,384) (2,932) 3,749 (2,815) (6,043) 7,095 (235) 1,133 (538) 888 838 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other Stock-based compensation Other operating expense (income), net Other expense (income), net Deferred income taxes Changes in operating assets and liabilities: Inventories Accounts receivable, net and other Accounts payable Accrued expenses and other Unearned revenue Net cash provided by (used in) operating activities INVESTING ACTIVITIES: Purchases of property and equipment Proceeds from property and equipment incentives Acquisitions, net of cash acquired, and other Sales and maturities of marketable securities Purchases of marketable securities Net cash provided by (used in) investing activities FINANCING ACTIVITIES: Proceeds from long-term debt and other Repayments of long-term debt and other Principal repayments of finance leases Principal repayments of financing obligations Net cash provided by (used in) financing activities Foreign currency effect on cash, cash equivalents, and restricted cash Net increase (decrease) in cash cash equivalents, and restricted cash (1,791) 1,846 18,194 34,360 (3,098) 371 (3,290) 569 (12,905) 1,981 (13,619) 2,303 (13) (1,169) 2,643 2,677 (13,939) 10,444 (11,846) (26,265) (3,342) 8,205 (13,506) (19,959) (470) (533) (6,876) (8,123) 125 190 16,332 833 (202) (351) (817) (2,214) (1,463) (5,981) (235) 8,653 (2,015) (72) (2,164) 248 (2) (7,649) (266) (7,899) (611) (2,377) (12) 733 (240) 70cc 11 3,671 12,714 16,524 1,182 4,605 5,509 4,854 1,274 (13) (135) 56 216 205 (184) (437) 268 141 415 134 714 2,220 719 1,029 (10,216) (2,225) 906 (401) (6,384) (2,932) (2,309) (4,716) 3,749 (538) (2,815) (6,043) 7,095 (235) 888 838 1,133 (1,791) 1,846 18,194 34,360 (3,098) 371 (3,290) 569 (13) Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other Stock-based compensation Other operating expense (income), net Other expense (income), net Deferred income taxes Changes in operating assets and liabilities: Inventories Accounts receivable, net and other Accounts payable Accrued expenses and other Unearned revenue Net cash provided by (used in) operating activities INVESTING ACTIVITIES: Purchases of property and equipment Proceeds from property and equipment incentives Acquisitions, net of cash acquired, and other Sales and maturities of marketable securities Phases of marketable securities Net cash provided by (used in) investing activities ENCING ACTIVITIES: Proceeds from long-term debt and other Repayments of long-term debt and other Principal repayments of finance leases Principal repayments of financing obligations Net cash provided by (used in) financing activities Foreign currency effect on cash, cash equivalents, and restricted cash Net increase (decrease) in cash, cash equivalents, and restricted cash CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on long-term debt Cash paid for operating leases Cash paid for interest on finance leases Cash paid for interest on financing obligations Cash paid for income taxes, net of refunds Assets acquired under operating leases Property and equipment acquired under finance leases Property and equipment acquired under build-to-suit arrangements (12,905) 1,981 (13,939) 10,444 (11,846) (26,265) (1,169) 2,643 (6,876) (8,123) 2,677 (13,619) 2,303 (3,342) 8,205 (13,506) (19,959) (470) (533) 125 190 16,332 833 (202) (351) (2,214) (2,015) (72) (1,463) (5,981) (235) (2) (2,377) 8,653 (2,164) 248 (817) (7,649) (266) (7,899) (611) 5,891 23,507 (12) (4,240) 17,616 (8,666) 23,507 733 1,315 17,616 $ $ $ $ $ 282 $ 286 $ 607 $ 858 709 709 75 165 234 471 54 2 153 142 513 168 1,224 840 875 875 2,270 2,628 10,020 10,972 741 436 3,081 3,336

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