Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Amazon.com Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net product sales	255,887)	242,901)	241,787)	215,915)	160,408)
Net service sales	318,898)	271,082)	228,035)	170,149)	120,114)
Net sales	574,785)	513,983)	469,822)	386,064)	280,522)
Cost of sales	(304,739)	(288,831)	(272,344)	(233,307)	(165,536)
Gross profit	270,046)	225,152)	197,478)	152,757)	114,986)
Fulfillment	(90,619)	(84,299)	(75,111)	(58,517)	(40,232)
Technology and infrastructure	(85,622)	(73,213)	(56,052)	(42,740)	(35,931)
Sales and marketing	(44,370)	(42,238)	(32,551)	(22,008)	(18,878)
General and administrative	(11,816)	(11,891)	(8,823)	(6,668)	(5,203)
Other operating income (expense), net	(767)	(1,263)	(62)	75)	(201)
Operating income	36,852)	12,248)	24,879)	22,899)	14,541)
Interest income	2,949)	989)	448)	555)	832)
Interest expense	(3,182)	(2,367)	(1,809)	(1,647)	(1,600)
Marketable equity securities valuation gains (losses)	984)	(13,870)	11,526)	525)	7)
Equity warrant valuation gains (losses)	26)	(2,132)	1,315)	1,527)	11)
Upward adjustments relating to equity investments in private companies	40)	76)	1,866)	342)	328)
Foreign currency gains (losses)	65)	(340)	(55)	35)	(20)
Other, net	(177)	(540)	(19)	(58)	(123)
Other income (expense), net	938)	(16,806)	14,633)	2,371)	203)
Non-operating income (expense)	705)	(18,184)	13,272)	1,279)	(565)
Income (loss) before income taxes	37,557)	(5,936)	38,151)	24,178)	13,976)
(Provision) benefit for income taxes	(7,120)	3,217)	(4,791)	(2,863)	(2,374)
Equity-method investment activity, net of tax	(12)	(3)	4)	16)	(14)
Net income (loss)	30,425)	(2,722)	33,364)	21,331)	11,588)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Download chart

Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Amazon.com Inc. net sales increased from 2021 to 2022 and from 2022 to 2023.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Amazon.com Inc. operating income decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Amazon.com Inc. income (loss) before income taxes decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Amazon.com Inc. net income (loss) decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Amazon.com Inc. (NASDAQ:AMZN)

Income Statement