Year Ended December 31, 2019 2020 2021 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $32,173 $36,410 $ 42,377 OPERATING ACTIVITIES: Net income 11,588 21,331 33,364 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 21,789 25,251 34,296 Stock-based compensation 6,864 9,208 12,757 Other operating expense (income), net 164 Other expense (income), net (249) (2,582) (14,306) Deferred income taxes (554) (310) Changes in operating assets and liabilities: Inventories (3.278) (2.849) (9,487) Accounts receivable, net and other (7,681) (8,169) (18,163) Accounts payable 8,193 17,480 3,602 Accrued expenses and other (1,383) 5,754 2,123 Unearned revenue 1,711 1,265 2,314 Net cash provided by (used in) operating activities 38,514 66,064 1 INVESTING ACTIVITIES: Purchases of property and equipment (16,861) (40,140) (61,053) 137 796 operating activities 38,514 66,064 46,327 INVESTING ACTIVITIES: Purchases of property and equipment (16,861) (40,140) 61,053) Proceeds from property and equipment sales and incentives 4,172 5,096 5,657 Acquisitions, net of cash acquired, and other (2.461) (2.325) (1.985) Sales and maturities of marketable securities 22,681 50,237 59,384 Purchases of marketable securities (31,812) (72,479) (60,157) Net cash provided by (used in) investing activities (24,281) (59,611) (58,154) FINANCING ACTIVITIES: Proceeds from short-term debt, and other 1,402 6,796 7,956 Repayments of short-term debt, and other (1,518) (6,177) (7,753) Proceeds from long-term debt 871 10,525 19,003 Repayments of long-term debt (1.166) (1.553) (1,590) Principal repayments of finance leases (9.628) (10,642) (11,163) Principal repayments of financing obligations (27) (53) (162) Net cash provided by (used in) financing activities (10.066) (1,104) 6,291 Foreign currency effect on cash, cash equivalents, and restricted cash 70 618 (364) Net increase (decrease) in cash, cash equivalents, and restricted cash 4,237 5,967 (5,900) CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD $36,410 $42,377 $36.477 See accompanying notes to consolidated financial statements. 201 555 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 (75) 62 Total operating expenses 265,981 363,165 444,943 Operating income 14,541 22,899 24,879 Interest income 832 448 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 Basic earnings per share S 23.46 $ 42.64 S 65.96 Diluted earnings per share $ 23.01 $ 41.83 S 64.81 Weighted-average shares used in computation of earnings per share: Basic 494 500 506 Diluted 504 510 515 1 See accompanying notes to consolidated financial statements. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Year Ended December 31, 2019 2020 2021 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $32,173 $36,410 $ 42,377 OPERATING ACTIVITIES: Net income 11,588 21,331 33,364 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 21.789 25,251 34.296 Stock-based compensation 6,864 9,208 12,757 Other operating expense (income). 164 (71) 137 Other expense (income), net (249) (2,582) (14,306) Deferred income taxes 796 (554) (310) Changes in operating assets and liabilities: Inventories (3.278) (2.849) 9,487) Accounts receivable, net and other (7,681) (8,169) (18,163) Accounts payable 8.193 17,480 3,602 Accrued expenses and other (1,383) 5,754 2,123 Unearned revenue 1,711 1.265 2.314 Net cash provided by (used in) operating activities 38,514 66,064 1 INVESTING ACTIVITIES: Purchases of property and equipment (16,861) (40,140) (61,053) net ser av Please view the following Accounting Toolkits before completing discussion assignment: Accounting Toolkit - Return on Assets Ratio Accounting Toolkit - Current Ratio Accounting Toolkit - Debt Ratio Accounting Toolkit - Gross Profit (Margin) Percentage Ratio Click on the link to "Interactive Data" and then the link to the "Financial Statements". Locate and review the Statement of Cash Flows. Title your post with the name of your company and share the following in your post: 1. What is the name of your company? 2. Select 3 ratios that were discussed in Appendix C. (NOTE: A complete listing of the ratios is located in Exhibit 8 on pages C-26-27 which includes the formulas and purpose of each ratio. 3. Calculate these ratios for each of the years provided in the comparative financial statements (usually 2-3 years of information is provided). 4. Share your calculations and any insights/thoughts from your analysis of these ratios including trends (ie, is the company performing better or worse relative to the previous year). Year Ended December 31, 2019 2020 2021 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $32,173 $36,410 $ 42,377 OPERATING ACTIVITIES: Net income 11,588 21,331 33,364 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 21,789 25,251 34,296 Stock-based compensation 6,864 9,208 12,757 Other operating expense (income), net 164 Other expense (income), net (249) (2,582) (14,306) Deferred income taxes (554) (310) Changes in operating assets and liabilities: Inventories (3.278) (2.849) (9,487) Accounts receivable, net and other (7,681) (8,169) (18,163) Accounts payable 8,193 17,480 3,602 Accrued expenses and other (1,383) 5,754 2,123 Unearned revenue 1,711 1,265 2,314 Net cash provided by (used in) operating activities 38,514 66,064 1 INVESTING ACTIVITIES: Purchases of property and equipment (16,861) (40,140) (61,053) 137 796 operating activities 38,514 66,064 46,327 INVESTING ACTIVITIES: Purchases of property and equipment (16,861) (40,140) 61,053) Proceeds from property and equipment sales and incentives 4,172 5,096 5,657 Acquisitions, net of cash acquired, and other (2.461) (2.325) (1.985) Sales and maturities of marketable securities 22,681 50,237 59,384 Purchases of marketable securities (31,812) (72,479) (60,157) Net cash provided by (used in) investing activities (24,281) (59,611) (58,154) FINANCING ACTIVITIES: Proceeds from short-term debt, and other 1,402 6,796 7,956 Repayments of short-term debt, and other (1,518) (6,177) (7,753) Proceeds from long-term debt 871 10,525 19,003 Repayments of long-term debt (1.166) (1.553) (1,590) Principal repayments of finance leases (9.628) (10,642) (11,163) Principal repayments of financing obligations (27) (53) (162) Net cash provided by (used in) financing activities (10.066) (1,104) 6,291 Foreign currency effect on cash, cash equivalents, and restricted cash 70 618 (364) Net increase (decrease) in cash, cash equivalents, and restricted cash 4,237 5,967 (5,900) CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD $36,410 $42,377 $36.477 See accompanying notes to consolidated financial statements. 201 555 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 (75) 62 Total operating expenses 265,981 363,165 444,943 Operating income 14,541 22,899 24,879 Interest income 832 448 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 Basic earnings per share S 23.46 $ 42.64 S 65.96 Diluted earnings per share $ 23.01 $ 41.83 S 64.81 Weighted-average shares used in computation of earnings per share: Basic 494 500 506 Diluted 504 510 515 1 See accompanying notes to consolidated financial statements. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Year Ended December 31, 2019 2020 2021 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $32,173 $36,410 $ 42,377 OPERATING ACTIVITIES: Net income 11,588 21,331 33,364 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 21.789 25,251 34.296 Stock-based compensation 6,864 9,208 12,757 Other operating expense (income). 164 (71) 137 Other expense (income), net (249) (2,582) (14,306) Deferred income taxes 796 (554) (310) Changes in operating assets and liabilities: Inventories (3.278) (2.849) 9,487) Accounts receivable, net and other (7,681) (8,169) (18,163) Accounts payable 8.193 17,480 3,602 Accrued expenses and other (1,383) 5,754 2,123 Unearned revenue 1,711 1.265 2.314 Net cash provided by (used in) operating activities 38,514 66,064 1 INVESTING ACTIVITIES: Purchases of property and equipment (16,861) (40,140) (61,053) net ser av Please view the following Accounting Toolkits before completing discussion assignment: Accounting Toolkit - Return on Assets Ratio Accounting Toolkit - Current Ratio Accounting Toolkit - Debt Ratio Accounting Toolkit - Gross Profit (Margin) Percentage Ratio Click on the link to "Interactive Data" and then the link to the "Financial Statements". Locate and review the Statement of Cash Flows. Title your post with the name of your company and share the following in your post: 1. What is the name of your company? 2. Select 3 ratios that were discussed in Appendix C. (NOTE: A complete listing of the ratios is located in Exhibit 8 on pages C-26-27 which includes the formulas and purpose of each ratio. 3. Calculate these ratios for each of the years provided in the comparative financial statements (usually 2-3 years of information is provided). 4. Share your calculations and any insights/thoughts from your analysis of these ratios including trends (ie, is the company performing better or worse relative to the previous year)