Amazon.com (AMZN) 10-K Summary — Year Ended Dec 31, 2023
Amazon reported higher revenue and operating cash flow compared to the prior year, with positive net income and operating income. The company's liquidity is supported by strong operating cash flows and a substantial cash and marketable securities balance.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Amazon reported higher revenue and operating cash flow compared to the prior year, with positive net income and operating income. The company's liquidity is supported by strong operating cash flows and a substantial cash and marketable securities balance.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$574.8B
Revenue reported for the fiscal year.
Operating income
$36.9B
Income from operations reported for the year.
Net income
$30.4B
Net income reported for the year.
Operating cash flow
$84.9B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $469.8B | n/a |
| Dec 31, 2022 | $514B | +9.4% |
| Dec 31, 2023 | $574.8B | +11.8% |
Business overview
Amazon serves consumers, sellers, developers, enterprises, content creators, and advertisers through its retail, marketplace, cloud computing, and digital content offerings. The company generates cash from these customer groups and from advertisers, offset by payments for products, services, employee compensation, and other operating costs.
Financial performance
Revenue increased compared to the prior year, and operating cash flow rose significantly. The company reported positive net income and operating income for the period.
Material risks
The filing references risk factors but does not provide specific details in the supplied context. No material risks can be identified from the available information.
Liquidity and capital
The company's principal liquidity sources are cash flows from operations and its cash, cash equivalents, and marketable securities. Operating cash flow increased substantially, and the company holds significant foreign currency balances.
What to watch
Monitor the trend in operating cash flow and changes in working capital in the next filing.