Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What are the projected numbers for 2022? AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) Year Ended 12/31/2021 Actual Projected 2019
What are the projected numbers for 2022?
AMAZON.COM, INC. | ||||
CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
(in millions, except per share data) | ||||
Year Ended 12/31/2021 | ||||
Actual | Projected | |||
2019 | 2020 | 2021 | 2022 | |
Net product sales | $160,408 | $215,915 | $241,787 | |
Net service sales | 120,114 | 170,149 | 228,035 | |
Total net sales | 280,522 | 386,064 | 469,822 | |
Cost of sales | 165,536 | 233,307 | 272,344 | |
Gross Margin | 114,986 | 152,757 | 197,478 | |
Operating Expenses: | ||||
Fulfillment | 40,232 | 58,517 | 75,111 | |
Technology and content | 35,931 | 42,740 | 56,052 | |
Marketing | 18,878 | 22,008 | 32,551 | |
General and administrative | 5,203 | 6,668 | 8,823 | |
Other operating expense (income), net | 201 | (75) | 62 | |
Total operating expenses | 100,445 | 129,858 | 172,599 | |
Operating income | 14,541 | 22,899 | 24,879 | |
Interest income | 832 | 555 | 448 | |
Interest expense | (1,600) | (1,647) | (1,809) | |
Other income (expense), net | 203 | 2,371 | 14,633 | |
Total non-operating income (expense) | (565) | 1,279 | 13,272 | |
Income before income taxes | 13,976 | 24,178 | 38,151 | |
Provision for income taxes | (2,374) | (2,863) | (4,791) | |
Equity-method investment activity, net of tax | (14) | 16 | 4 | |
Net income | $ 11,588 | $ 21,331 | $ 33,364 |
AMAZON.COM, INC. CONSOLIDATED BALANCE SHEETS (in millions, except per share data) AMAZON.COM, INC. CONSOLIDATED BALANCE SHEETS (in millions, except per share data)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started