AMAZON.COM, INC.
Consolidated Statements of Cash Flows
(in millions)
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
Twelve Months Ended
September 30,
2020 2021 2020 2021 2020 2021
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH,
BEGINNING OF PERIOD
$ 37,842 $ 40,667 $ 36,410 $ 42,377 $ 23,554 $ 30,202
OPERATING ACTIVITIES:
Net income
6,331 3,156 14,109 19,041 17,377 26,263
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
6,523 8,948 17,633 24,494 23,803 32,112
Stock-based compensation
2,288 3,180 6,646 9,077 8,486 11,639
Other operating expense (income), net
67 24 416 72 466 (415)
Other expense (income), net
(1,051) 340 (1,255) (2,374) (1,749) (3,701)
Deferred income taxes
295 909 1,082 3,313 1,267 1,677
Changes in operating assets and liabilities:
Inventories
(3,899) (7,059) (3,178) (7,572) (4,694) (7,242)
Accounts receivable, net and other
(2,016) (4,890) (3,608) (11,607) (7,515) (16,168)
Accounts payable
3,658 3,832 4,231 (4,387) 14,914 8,863
Accrued expenses and other
(310) (1,465) (1,375) (7,210) 1,520 (84)
Unearned revenue
78 338 932 1,394 1,417 1,727
Net cash provided by (used in) operating activities
11,964 7,313 35,633 24,241 55,292 54,671
INVESTING ACTIVITIES:
Purchases of property and equipment
(11,063) (15,748) (25,317) (42,118) (30,629) (56,941)
Proceeds from property and equipment sales and incentives
1,255 997 3,467 3,192 4,838 4,822
Acquisitions, net of cash acquired, and other
(1,735) (654) (1,945) (1,604) (2,722) (1,985)
Sales and maturities of marketable securities
13,135 15,808 32,899 46,847 40,525 64,185
Purchases of marketable securities
(17,468) (15,231) (51,678) (51,891) (58,122) (72,692)
Net cash provided by (used in) investing activities
(15,876) (14,828) (42,574) (45,574) (46,110) (62,611)
FINANCING ACTIVITIES:
Proceeds from short-term debt, and other
1,311 2,187 4,361 5,289 5,042 7,724
Repayments of short-term debt, and other
(1,349) (1,917) (3,886) (5,094) (4,701) (7,385)
Proceeds from long-term debt
— 176 9,994 18,803 10,412 19,334
Repayments of long-term debt
(1,198) (509) (1,439) (589) (2,490) (703)
Principal repayments of finance leases
(2,857) (2,693) (8,274) (8,903) (11,054) (11,271)
Principal repayments of financing obligations
(12) (20) (44) (115) (68) (124)
Net cash provided by (used in) financing activities
(4,105) (2,776) 712 9,391 (2,859) 7,575
Foreign currency effect on cash, cash equivalents, and restricted cash
377 (199) 21 (258) 325 340
Net increase (decrease) in cash, cash equivalents, and restricted cash
(7,640) (10,490) (6,208) (12,200) 6,648 (25)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF
PERIOD
$ 30,202 $ 30,177 $ 30,202 $ 30,177 $ 30,202 $ 30,177
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt
$ 285 $ 276 $ 715 $ 731 $ 869 $ 933
Cash paid for operating leases
1,159 1,812 3,275 5,029 4,215 6,230
Cash paid for interest on finance leases
155 121 484 407 650 535
Cash paid for interest on financing obligations
28 48 71 116 90 147
Cash paid for income taxes, net of refunds
502 750 1,293 3,354 1,481 3,774
Assets acquired under operating leases
6,115 10,447 11,870 19,561 14,346 23,908
Property and equipment acquired under finance leases
3,571 1,744 8,892 5,453 13,075 8,149
Property and equipment acquired under build-to-suit arrangements
366 1,721 1,228 3,702 1,480 4,742