Amazon $AMZN Annual Report, Jeff Bezos Letter to Amazon Shareholders

2018-04-20

Amazon $AMZN Annual Report, Jeff Bezos Letter to Amazon Shareholders

Amazon.com, Inc., a global e-commerce and cloud computing corporation headquartered in Seattle, Washington, founded by Jeff Bezos on July 5, 1994.

Stock exchange: symbol | NASDAQ: AMZN close 19 Apr 2018: 1,556.91 USD UP $29.07 +1.90%
Market capitalization $753.71 Billion.

Amazon - Investor Relations - 2018 Annual Meeting of Shareholders:
May 30, 2018 9:00 a.m. – 10:00 a.m. PDT
Fremont Studios, 155 N 35th St., Seattle, WA 98103
More information, including how "to attend the meeting in person" at link above.

Amazon Investor Relations Q1 2018 results webcast:
Q1 2018 Amazon.com, Inc. Earnings Conference Call
Thursday, April 26, 2018 2:30 p.m. PDT / 5:30 p.m. EDT
Webcast Presentation--Click here for webcast
Slides:

Amazon - Investor Relations - Press Release 26 Apr 2018: "Amazon.com Announces First Quarter Sales up 43% to $51.0 Billion ... financial results for its first quarter ended March 31, 2018. Operating cash flow increased 4% to $18.2 billion for the trailing twelve months, compared with $17.5 billion for the trailing twelve months ended March 31, 2017. Free cash flow decreased to $7.3 billion for the trailing twelve months, compared with $10.1 billion for the trailing twelve months ended March 31, 2017. Free cash flow less lease principal repayments decreased to $1.1 billion for the trailing twelve months, compared with $6.1 billion for the trailing twelve months ended March 31, 2017. Free cash flow less finance lease principal repayments and assets acquired under capital leases decreased to an outflow of $3.0 billion for the trailing twelve months, compared with an inflow of $3.3 billion for the trailing twelve months ended March 31, 2017. Common shares outstanding plus shares underlying stock-based awards totaled 504 million on March 31, 2018, compared with 497 million one year ago. Net sales increased 43% to $51.0 billion in the first quarter, compared with $35.7 billion in first quarter 2017. Excluding the $1.6 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 39% compared with first quarter 2017. Operating income increased 92% to $1.9 billion in the first quarter, compared with operating income of $1.0 billion in first quarter 2017. Net income was $1.6 billion in the first quarter, or $3.27 per diluted share, compared with net income of $724 million, or $1.48 per diluted share, in first quarter 2017. “AWS had the unusual advantage of a seven-year head start before facing like-minded competition, and the team has never slowed down,” said Jeff Bezos, Amazon founder and CEO. “As a result, the AWS services are by far the most evolved and most functionality-rich. AWS lets developers do more and be nimbler, and it continues to get even better every day. That’s why you’re seeing this remarkable acceleration in AWS growth, now for two quarters in a row. A huge thank you to all our AWS customers, and you can be sure we’ll keep working hard for you.”..."--Read more at link above, full embed of Amazon.com Inc. financial results for Q1 2018 embed below:

2017 Annual Report (includes Letter from Jeff Bezos* to Amazon Shareholders) (pdf) (embed below); *published annually since 1997, the 'Bezos letter' is considered a must-read for many, including analysts, investors, executives, and entrepreneurs. Annual Report also includes annual SEC form 10-K.

*Jeffrey P. Bezos has been Chairman of the Board of Amazon.com since founding it in 1994 and Chief Executive Officer since May 1996. Bezos served as President of the Company from founding until June 1999 and again from October 2000 to the present.

In his letter to Amazon shareholders below, Bezos notes Amazon Prime now has over 100 million members worldwide, adding more Prime members in 2017 than any prior year, and shipping over five billion items via the paid membership service worldwide. Bezos also reports the most sales of Amazon devices last year, including "tens of millions" Echo devices. Bezos also writes that "technical work" is under way to bring Prime member benefits to Whole Foods.