Amazon.com, Inc.

NasdaqGS-AMZN

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	21,187	18,164	17,127	20,004	15,328	13,485
Net Income
Depreciation & Amortization	16,796	15,227	14,262	15,631	13,442	12,038
Depreciation and Amortization of Property and Equipment and Capitalized Content Costs, Operating Lease Assets, and Other
Stock Based Compensation	4,847	6,534	3,689	4,995	5,333	6,722
Stock-Based Compensation
Other Adjustments	18	-1,247	-2,310	-2,094	-1,458	-880
Other Operating Income, Net
Other Expense, Net
Non-Operating Expense (Income), Net
Deferred Income Taxes
Excess Tax Benefits from Stock-Based Compensation
Changes in Trade Receivables	-1,977	-1,125	1,247	-4,023	-701	-2,209
Accounts Receivable, Net and Other
Changes in Inventories	-827	-4,054	-1,222	934	-1,509	-3,085
Inventories
Changes in Accounts Payable	2,151	7,058	-9,043	8,726	-477	6,005
Accounts Payable
Changes in Accrued Expenses	-1,999	-4,952	-4,061	4,042	129	-4,147
Accrued Expenses and Other
Changes in Unearned Revenue	-632	-119	728	1,611	421	407
Additions to Unearned Revenue
Amortization of Previously Unearned Revenue
Unearned Revenue
Changes in Other Operating Activities	-4,039	-2,971	-3,402	-4,190	-4,537	-3,055
Other Assets
Cash from Operating Activities	35,525	32,515	17,015	45,636	25,971	25,281
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-35,095	-32,183	-25,019	-27,834	-22,620	-17,620
Purchases of Property and Equipment, Including Internal-Use Software and Website Development, Net
Purchases of Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	867	815	764	1,782	1,342	1,227
Proceeds from Property and Equipment Sales and Incentives
Purchases of Investments	-7,426	-17,797	-13,333	-12,533	-3,068	-8,439
Purchases of Marketable Securities
Proceeds from Sale of Investments	16,367	11,441	7,737	3,677	8,069	3,265
Sales and Maturities of Marketable Securities
Other Investing Activities	-786	-1,700	48	-2,535	-622	-571
Acquisitions, Net of Cash Acquired, Non-Marketable Investments, and Other, Net
Cash from Investing Activities	-26,073	-39,424	-29,803	-37,443	-16,899	-22,138
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	3,223	2,093	1,815	2,554	1,725	525
Proceeds from Short-Term Debt, and Other
Repayments of Short-Term Debt	-1,826	-1,392	-2,082	-2,607	-1,820	-229
Repayments of Short-Term Debt, and Other
Net Issuance / (Repayments) of Short-Term Debt	1,397	701	-267	-53	-95	296
Issuance of Long-Term Debt	—	—	746	-746	—	—
Proceeds from Long-Term Debt
Repayments of Long-Term Debt	-1,441	-3,240	-526	-3,255	-2,663	-4,786
Repayments of Long-Term Debt
Principal Repayments of Finance Leases
Principal Repayments of Financing Obligations
Net Issuance / (Repayments) of Long-Term Debt	-1,441	-3,240	220	-4,001	-2,663	-4,786
Repurchases of Common Shares	—	—	—	—	—	—
Common Stock Repurchased
Net Issuance / (Repurchases) of Common Shares	—	—	—	—	—	—
Other Financing Activities	—	—	—	—	—	—
Excess Tax Benefits from Stock-Based Compensation
Cash from Financing Activities	-44	-2,539	-47	-3,308	-2,758	-4,490
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	430	332	-8,004	17,802	3,351	7,661
NOPAT	13,148.4	16,709.5	14,539.6	18,997.2	14,798.9	12,971.4
Levered Free Cash Flow	-2,502	-6,369	-10,677	14,870	-2,581	-462
Unlevered Free Cash Flow	-10,496.6	-5,284.5	-13,217.4	17,917.2	-352.1	3,514.4
Net Change in Cash	9,408	-9,448	-12,835	4,885	6,314	-1,347