AMAZON.COM, INC. Q1 2024 Financial Results
Conference Call Slides
This presentation may contain forward-looking statements which are inherently difficult to predict. Actual results and outcomes could differ materially for a variety of reasons, including, among others, fluctuations in foreign exchange rates, changes in global economic conditions and customer demand and spending, inflation, interest rates, regional labor market constraints, world events, the rate of growth of the internet, online commerce, cloud services, and new and emerging technologies, the amount that Amazon.com invests in new business opportunities and the timing of those investments, the mix of products and services sold to customers, the mix of net sales derived from products as compared with services, the extent to which we owe income or other taxes, competition, management of growth, potential fluctuations in operating results, international growth and expansion, the outcomes of claims, litigation, government investigations, and other proceedings, fulfillment, sortation, delivery, and data center optimization, risks of inventory management, variability in demand, the degree to which the Company enters into, maintains, and develops commercial agreements, proposed and completed acquisitions and strategic transactions, payments risks, and risks of fulfillment throughput and productivity. Other risks and uncertainties include, among others, risks related to new products, services, and technologies, security breaches, system interruptions, government regulation and taxation, and fraud. In addition, global economic and geopolitical conditions and additional or unforeseen circumstances, developments, or events may give rise to or amplify many of these risks. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission ("SEC"), including its most recent Annual Report on Form 10-K and subsequent filings.
Additional information relating to certain of our financial measures contained herein, including non- GAAP financial measures, is available in the appendix to our presentation, our most recent earnings release and at our website at www.amazon.com/ir.
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Net Sales
MM
$260,000
$130,000
$0
Net Sales (MM) | ||
Up 13% Y/Y; | ||
Up 13% F/X Adjusted (1) | $25,037 | |
18% | ||
$143,313 | ||
$127,358 | $31,935 | $86,341 |
22% | 60% | |
North America
International
AWS
Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024
- Information throughout this presentation regarding the effect of foreign exchange rates, versus the U.S. Dollar, on our net sales and operating income is provided to show reported period operating results had the foreign exchange rates remained the same as those in effect in the comparable prior year periods.
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Net Sales - TTM (1)
MM | Net Sales - TTM (MM) | |||
$900,000 | Up 13% Y/Y; | |||
$94,440 | ||||
Up 12% F/X Adjusted | ||||
$590,740 | 16% | |||
$524,897 | ||||
$134,012 | ||||
$450,000 | 23% | $362,288 | ||
61% |
$0
North America
International
AWS
Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024
- Trailing twelve-month period.
4
Operating Income
MM
$20,000
Up 221% Y/Y; | $15,307 |
Up 219% F/X Adjusted |
$10,000
$4,774
$0
Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 |
5
Operating Income - TTM
MM
$60,000
Up 255% Y/Y; | $47,385 |
Up 252% F/X Adjusted | |
$30,000
$13,353
$0
Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 |
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Net Income (1)
MM
$16,000
Up 229% Y/Y
$10,431
$8,000
$3,172
$0
Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 |
- Q1 2024 net income includes a pre-tax valuation loss of $2.0 billion included in non-operating expense from the common stock investment in Rivian Automotive, Inc., compared to a pre-tax valuation loss of $0.5 billion from the investment in Q1 2023.
7
Net Income - TTM (1)
MM
$50,000
Up 778% Y/Y
$37,684
$25,000
$4,294
$0
Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 |
- TTM Q1 2024 net income includes a pre-tax valuation loss of $0.7 billion included in non-operating expense from the common stock investment in Rivian Automotive, Inc., compared to a pre-tax valuation loss of $5.6 billion from the investment in TTM Q1 2023.
8
Segment Results - North America
MM | Net Sales | MM | |
$160,000 | Up 12% Y/Y | $10,000 | |
$76,881 | $86,341 | ||
$80,000 | $5,000 | ||
$0 | $0 | |||||||||||
Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 |
Operating Income
[DownUp 455%5%]Y/Y;/Y;
[DownUp 454%]F/XF/XAdjusted
$4,983
$898
Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024
TTM Net Sales $362.3B; TTM Operating Income $19.0B
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Segment Results - International
MM
Net Sales | MM | Operating Income (Loss) |
$60,000
$30,000
$0
$2,000
Up 10% Y/Y;
Up 11% F/X Adjusted
$29,123 | $31,935 |
$0 | |
$-2,000
Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 |
$903
$(1,247)
Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024
TTM Net Sales $134.0B; TTM Operating Loss $0.5B
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Amazon.com Inc. published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2024 09:36:06 UTC.
