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AMAZON - Net income $1.9b in Q4

Amazon.com Announces Fourth Quarter Sales up 38% to $60.5 Billion
SEATTLE--(BUSINESS WIRE)--Feb. 1, 2018-- Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2017.

Operating cash flow increased 7% to $18.4 billion for the trailing twelve months, compared with $17.3 billion for the trailing twelve months ended December 31, 2016. Free cash flow decreased to $8.4 billion for the trailing twelve months, compared with $10.5 billion for the trailing twelve months ended December 31, 2016. Free cash flow less lease principal repayments decreased to $3.4 billion for the trailing twelve months, compared with $6.5 billion for the trailing twelve months ended December 31, 2016. Free cash flow less finance lease principal repayments and assets acquired under capital leases decreased to an outflow of $1.5 billion for the trailing twelve months, compared with an inflow of $4.7 billion for the trailing twelve months ended December 31, 2016.

Common shares outstanding plus shares underlying stock-based awards totaled 504 million on December 31, 2017, compared with 497 million one year ago.

Fourth Quarter 2017

Net sales increased 38% to $60.5 billion in the fourth quarter, compared with $43.7 billion in fourth quarter 2016. Excluding the $1.1 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 36% compared with fourth quarter 2016.

Operating income increased 69% to $2.1 billion in the fourth quarter, compared with operating income of $1.3 billion in fourth quarter 2016.

Net income was $1.9 billion in the fourth quarter, or $3.75 per diluted share, compared with net income of $749 million, or $1.54 per diluted share, in fourth quarter 2016. The fourth quarter 2017 includes a provisional tax benefit for the impact of the U.S. Tax Cuts and Jobs Act of 2017 of approximately $789 million.


INVESTOR RELATIONS: http://phx.corporate-ir.net/phoenix.zhtml?c=97664&p=irol-irhome

Q4 2017 Amazon.com Inc. Earnings Conference Call WEBCAST
https://edge.media-server.com/m6/p/jtf8sea3





COMMENTS

THE VERGE: Amazon had a really great year selling tens of millions of Echo products
https://www.theverge.com/2018/2/1/16961414/amazon-earnings-q4-2017-echo-dot-spot-alexa

CNN TECH: Amazon hired nearly 130,000 employees around the world in 2017. The company on Thursday also said it now employs over 17,500 veterans and military spouses across the United States. It plans to hire more than 10,000 more by 2021. All told, Amazon has 566,000 employees.
http://money.cnn.com/2018/02/01/technology/amazon-earnings/index.html

CNBC: