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Growth Profitability and Financial Ratios for Amazon.com Inc
Financials
	2007-12	2008-12	2009-12	2010-12	2011-12	2012-12	2013-12	2014-12	2015-12	2016-12	TTM
Revenue USD Mil	14,835	19,166	24,509	34,204	48,077	61,093	74,452	88,988	107,006	135,987	150,124
Gross Margin %	22.6	22.3	22.6	22.3	22.4	24.8	27.2	29.5	33	35.1	36
Operating Income USD Mil	655	842	1,129	1,406	862	676	745	178	2,233	4,186	3,462
Operating Margin %	4.4	4.4	4.6	4.1	1.8	1.1	1	0.2	2.1	3.1	2.3
Net Income USD Mil	476	645	902	1,152	631	-39	274	-241	596	2,371	1,922
Earnings Per Share USD	1.12	1.49	2.04	2.53	1.37	-0.09	0.59	-0.52	1.25	4.9	3.93
Dividends USD
Payout Ratio % *
Shares Mil	424	432	442	456	461	453	465	462	477	484	489
Book Value Per Share * USD	2.88	6.23	11.84	15.22	17.07	18.04	19.8	22.23	26.39	37.28	48.32
Operating Cash Flow USD Mil	1,405	1,697	3,293	3,495	3,903	4,180	5,475	6,842	11,920	16,443	17,057
Cap Spending USD Mil	-224	-333	-373	-979	-1,811	-3,785	-3,444	-4,893	-4,589	-6,737	-8,209
Free Cash Flow USD Mil	1,181	1,364	2,920	2,516	2,092	395	2,031	1,949	7,331	9,706	8,848
Free Cash Flow Per Share * USD	2.79	3.16	6.61	5.52	3.33	0.87	0.84	2.33	11.41	17.76
Working Capital USD Mil	1,450	1,411	2,433	3,375	2,594	2,294	1,645	3,238	2,575	1,965
Key Ratios -> Profitability
Margins % of Sales	2007-12	2008-12	2009-12	2010-12	2011-12	2012-12	2013-12	2014-12	2015-12	2016-12	TTM
Revenue	100	100	100	100	100	100	100	100	100	100	100
COGS	77.4	77.72	77.43	77.65	77.56	75.25	72.77	70.52	66.96	64.91	64.02
Gross Margin	22.6	22.28	22.57	22.35	22.44	24.75	27.23	29.48	33.04	35.09	35.98
SG&A	12.61	12.62	12.49	12.86	14.28	15.92	17.26	18.71	19.07	20.06	20.87
R&D	5.51	5.39	5.06	5.07	6.05	7.47	8.82	10.42	11.72	11.83	12.68
Other	0.06	-0.13	0.42	0.31	0.32	0.26	0.15	0.15	0.16	0.12	0.12
Operating Margin	4.42	4.39	4.61	4.11	1.79	1.11	1	0.2	2.09	3.08	2.31
Net Int Inc & Other	0.03	0.31	0.13	0.27	0.15	-0.22	-0.32	-0.32	-0.62	-0.22	-0.12
EBT Margin	4.45	4.7	4.74	4.38	1.94	0.89	0.68	-0.12	1.47	2.86	2.18
Profitability	2007-12	2008-12	2009-12	2010-12	2011-12	2012-12	2013-12	2014-12	2015-12	2016-12	TTM
Tax Rate %	27.88	27.41	21.79	23.51	31.16	78.68	31.82		60.59	36.61	40.84
Net Margin %	3.21	3.37	3.68	3.37	1.31	-0.06	0.37	-0.27	0.56	1.74	1.28
Asset Turnover (Average)	2.74	2.59	2.22	2.1	2.18	2.11	2.05	1.88	1.78	1.83	1.96
Return on Assets %	8.78	8.72	8.15	7.07	2.86	-0.13	0.75	-0.51	0.99	3.19	2.51
Financial Leverage (Average)	5.42	3.11	2.63	2.74	3.26	3.97	4.12	5.07	4.89	4.32	3.78
Return on Equity %	58.48	33.34	22.75	19.01	8.63	-0.49	3.06	-2.35	4.94	14.52	9.67
Return on Invested Capital %	22.02	21.7	20.65	17.56	7.6	-0.05	2.55	-0.68	3.31	8.42	7.76
Interest Coverage	9.57	13.69	35.15	39.38	15.37	6.91	4.59	0.47	4.42	9.04	7.15
Key Ratios -> Growth
	2007-12	2008-12	2009-12	2010-12	2011-12	2012-12	2013-12	2014-12	2015-12	2016-12	Latest Qtr
Revenue %
Year over Year	38.5	29.19	27.88	39.56	40.56	27.07	21.87	19.52	20.25	27.08	24.84
3-Year Average	28.93	31.18	31.77	32.11	35.87	35.59	29.6	22.78	20.54	22.24
5-Year Average	30.41	29.49	28.77	32.14	35.03	32.72	31.18	29.42	25.62	23.12
10-Year Average	58.55	41.16	31.05	28.61	31.45	31.56	30.33	29.1	28.84	28.93
Operating Income %
Year over Year	68.38	28.55	34.09	24.54	-38.69	-21.58	10.21	-76.11	1154.49	87.46	-51.13
3-Year Average	14.14	24.91	42.64	29	0.79	-15.71	-19.08	-40.89	48.93	77.78
5-Year Average	59.16	25.49	20.72	26.62	17.25	0.63	-2.42	-30.89	9.69	37.17
10-Year Average						26.56	10.66	-8.66	17.85	26.82
Net Income %
Year over Year	150.53	35.5	39.85	27.72	-45.23					297.82
3-Year Average	-6.83	21.57	68.07	34.26	-0.73		-38.04			105.3
5-Year Average		78.81	8.92	26.26	27.13		-15.74		-12.35	30.31
10-Year Average							22.75		5.2	28.71
EPS %
Year over Year	148.89	33.04	36.91	24.02	-45.85					292	-77.53
3-Year Average	-6.95	21.05	65.5	31.21	-2.76		-38.45			102.51
5-Year Average		79.48	7.98	24.67	24.94		-16.91		-13.15	29.03
10-Year Average							22.12		4.06	26.97
Key Ratios -> Cash Flow
Cash Flow Ratios	2007-12	2008-12	2009-12	2010-12	2011-12	2012-12	2013-12	2014-12	2015-12	2016-12	TTM
Operating Cash Flow Growth % YOY				613		710
Free Cash Flow Growth % YOY								-404
Cap Ex as a % of Sales	1.51	1.74	1.52	2.86	3.77	6.2	4.63	5.5	4.29	4.95	5.47
Free Cash Flow/Sales %	7.96	7.12	11.91	7.36	4.35	0.65	2.73	2.19	6.85	7.14	5.89
Free Cash Flow/Net Income	2.48	2.11	3.24	2.18	3.32	-10.13	7.41	-8.09	12.3	4.09	4.6
Key Ratios -> Financial Health
Balance Sheet Items (in %)	2007-12	2008-12	2009-12	2010-12	2011-12	2012-12	2013-12	2014-12	2015-12	2016-12	Latest Qtr
Cash & Short-Term Investments	47.99	44.83	46.09	46.61	37.88	35.17	30.99	31.95	30.27	31.15	24.44
Accounts Receivable	10.87	9.95	7.15	8.44	10.17	10.33	11.87	10.3	9.81	10	9.17
Inventory	18.5	16.83	15.72	17.03	19.75	18.53	18.45	15.23	15.65	13.74	13.11
Other Current Assets	2.27	2.45	1.97	1.04	1.39	1.39
Total Current Assets	79.63	74.06	70.93	73.13	69.19	65.42	61.32	57.48	55.73	54.89	46.72
Net PP&E	8.37	10.27	9.34	12.84	17.47	21.69	27.26	31.13	33.37	34.91	42.24
Intangibles	3.82	7.19	13.04	10.17	10.29	10.07	8.22	6.09	5.74	4.54	4.85
Other Long-Term Assets	8.17	8.48	6.7	3.85	3.04	2.83	3.2	5.31	5.15	5.66	6.19
Total Assets	100	100	100	100	100	100	100	100	100	100	100
Accounts Payable	43.1	43.23	40.58	42.83	44.09	40.91	37.68	30.2	31.17	30.35	24.42
Short-Term Debt		0.71
Taxes Payable
Accrued Liabilities	14.17	13.15	12.73	12.35	14.84	17.46	16.65	17.99	15.87	16.47	15.97
Other Short-Term Liabilities							2.89	3.34	4.76	5.72	5.77
Total Current Liabilities	57.27	57.08	53.31	55.18	58.93	58.37	57.22	51.53	51.8	52.54	46.16
Long-Term Debt	19.77	4.92	0.79	0.98	1.01	9.47	7.95	15.16	12.58	9.23	8.75
Other Long-Term Liabilities	4.5	5.86	7.84	7.33	9.38	6.99	10.56	13.6	15.17	15.12	18.64
Total Liabilities	81.54	67.86	61.94	63.48	69.31	74.84	75.73	80.29	79.55	76.88	73.55
Total Stockholders' Equity	18.46	32.14	38.06	36.52	30.69	25.16	24.27	19.71	20.45	23.12	26.45
Total Liabilities & Equity	100	100	100	100	100	100	100	100	100	100	100
Liquidity/Financial Health	2007-12	2008-12	2009-12	2010-12	2011-12	2012-12	2013-12	2014-12	2015-12	2016-12	Latest Qtr
Current Ratio	1.39	1.3	1.33	1.33	1.17	1.12	1.07	1.12	1.08	1.04	1.01
Quick Ratio	1.03	0.96	1	1	0.82	0.78	0.75	0.82	0.77	0.78	0.72
Financial Leverage	5.42	3.11	2.63	2.74	3.26	3.97	4.12	5.07	4.89	4.32	3.78
Debt/Equity	1.12	0.2	0.05	0.09	0.18	0.47	0.53	1.16	1.06	0.79	0.33
Key Ratios -> Efficiency Ratios
Efficiency	2007-12	2008-12	2009-12	2010-12	2011-12	2012-12	2013-12	2014-12	2015-12	2016-12	TTM
Days Sales Outstanding	13.58	14.59	13.51	13.74	15.78	17.73	19.93	21.29	20.53	19.81	17.19
Days Inventory	33.01	31.84	34.33	36.92	40.1	43.76	45.28	45.69	47.23	44.87	40.06
Payables Period	73.29	78.28	88.46	93.83	93.95	97.12	95.83	91.88	93.87	94.5	71.33
Cash Conversion Cycle	-26.7	-31.85	-40.62	-43.17	-38.06	-35.63	-30.62	-24.9	-26.12	-29.82	-14.08
Receivables Turnover	26.88	25.02	27.01	26.57	23.13	20.59	18.31	17.15	17.78	18.42	21.23
Inventory Turnover	11.06	11.46	10.63	9.89	9.1	8.34	8.06	7.99	7.73	8.13	9.11
Fixed Assets Turnover	29.67	27.44	22.86	18.47	14.08	10.65	8.27	6.38	5.52	5.34	4.82
Asset Turnover	2.74	2.59	2.22	2.1	2.18	2.11	2.05	1.88	1.78	1.83	1.96