Review Amazon's 2018/2017 Consolidated Balance Sheet (see below) and interpret the Stockholder's Equity section. By the end of this chapter, the stockholder's equity section should not be foreign to you, and you should be able to discuss and interpret. Do not give me definitions unless the definition is part of your interpretation.

AMAZON.COM, INC. CONSOLIDATED BALANCE SHEETS (in millions, except per share data) December 31, 2017 2018 $ 20,522 $ 10,464 16,047 13,164 60,197 48,866 13,350 8,897 131,310 $ 31,750 9,500 17,174 16,677 75,101 61,797 14,548 11,202 162,648 $ $ ASSETS Current assets: Cash and cash equivalents Marketable securities Inventories Accounts receivable, net and other Total current assets Property and equipment, net Goodwill Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued expenses and other Unearned revenue Total current liabilities Long-term debt Other long-term liabilities Commitments and contingencies (Note 7) Stockholders' equity: Preferred stock, $0.01 par value: Authorized shares - 500 Issued and outstanding shares - none Common stock, 30.01 par value: Authorized shares 5,000 Issued shares - 507 and 514 Outstanding shares 484 and 491 Treasury stock, at cost Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 34,616 $ 18,170 5,097 57,883 24,743 20,975 38,192 23,663 6,536 68,391 23,495 27,213 5 (1,837) 21,389 (484) 8,636 27,709 131,310 $ 5 (1,837) 26,791 (1,035) 19,625 43,549 162,648 $ See accompanying notes to consolidated financial statements