![]() Amazon does not pay dividends either, but this is not a real surprise as the firm is ready to invest its capital in other ventures.Įxhibit 2 Amazon's Income Statements (in millions USD) Source: Based on Amazon's 2017 Q4 Report and other company data.Įxhibit 3 Amazon's Balance Sheets (in millions USD) Note in Exhibit 3ㅁ, the large increase in long-term debt. Also, the Whole Foods Market acquisitions can explain a portion of the revenue increases and likely explain a large portion of the additional goodwill in Exhibit 3 □. The company was spared from a drop in net income due to a 46 percent drop in their tax rate. It is important to note, however, in Exhibit 2 □□, that EBIT actually decreased due to operating expenses, representing a larger percent of sales in 2017. Finance Amazon reported excellent earnings in 2017, up 31 percent from 2016 with net income up 28 percent. ![]()
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