Review the Statement of Cash Flows for your chosen company and provide a brief description of what you discover for each of the items listed below. Category: Operating Activities Net income versus total for operating activities: Report these values. What are the items of significance between net income and total for operating activities? Is the business providing cash flow from operations? Category: Investing and Financing Activities Describe significant long-term assets (type and amount) purchased, sold, or retired during the current period as well as last year. Describe significant financing activities used by the corporation to increase cash (or other assets): These would be related to long-term liabilities and stockholders equity. Category: Analysis Overall Cash Flow (total of three sections): Compare this year to last year.

AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Year Ended December 31, 2017 19.934 2018 2016 16,175 S S S 21,856 2,371 3,033 10,073 11,478 3,116 2.975 4.215 15,341 5.418 274 160 202 (292) (20) (246) 219 441 (29) (3,583) (4,780) 7,100 (1,426) (3,436) 5,030 1.724 1.955 17,203 (1,314) (4,615) 3.263 472 1.151 30,723 283 18,365 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD OPERATING ACTIVITIES: Net income Acjustments to reconcile net income to net cash from operating activities: Depreciation of property and equipment and other amortization, including capitalized content costs Stock based compensation Other operating expense, 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 capital lease obligations Principal repayments of finance lease obligations Net cash provided by used in financing activities Foreign currency effect on cash, cash ecuivalents, 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 interest on capital and finance lease obligations Cash paid for income taxes, net of refunds Property and equipment acquired under capital leases Property and equipment acquired under build to suit leases (7,804) 1,067 (116) 4.577 (7.240) (9,516) (11,955) 1.897 (13,972) 9,677 (12.731) (27,084) (13.427) 2,104 (2,186) 8,240 (7.100) (12,369) 618 (327) (3.860) (147) (3,716) 16,228 (1,301) (4,799) 1200) 9.928 768 (668) (7,449) (337) (7.686) 3.759 19,934 S 1.922 21,856 S 10.317 32,173 S 854 3285 319 575 290 206 412 5,704 957 1.184 9,637 3,541 10,615 3,641 1.209 See accompanying notes to consolidated financial statements