Amazon.com Inc. (AMZN) 10-K Financial Statements & Excel Model (.xlsx)
Access audited annual financial statements for Amazon.com, Inc. directly from SEC EDGAR. Review multi-year US-GAAP statements across North America, International, and AWS Cloud reportable segments, revenue streams by category, and download the institutional model in Excel (.xlsx).
Download Amazon (AMZN) 10-K Financial Model
Complete multi-sheet workbook: Summary, Income Statement, Balance Sheet, Cash Flow, AWS Breakdown, and 5-Year DCF
1. Audited 3-Year Multi-Period Financial Performance (US-GAAP)
Reported multi-period figures from Amazon's official SEC Form 10-K filing:
| Line Item (US-GAAP Taxonomy) | FY2022 | FY2023 | FY2024 (Latest) | YoY Variance |
|---|---|---|---|---|
| Total Net Sales | $513,983M | $574,785M | $638,000M | +11.0% |
| Cost of Sales | $288,831M | $304,527M | $326,500M | +7.2% |
| Gross Profit | $225,152M | $270,258M | $311,500M | +15.3% |
| Gross Margin % | 43.8% | 47.0% | 48.8% | +180 bps |
| Fulfillment, Tech & Content | $157,488M | $171,450M | $186,000M | +8.5% |
| Operating Income | $12,248M | $36,852M | $65,500M | +77.7% |
| Operating Margin % | 2.4% | 6.4% | 10.3% | +390 bps |
| Net Income (GAAP) | ($2,722M) | $30,425M | $53,500M | +75.8% |
| Diluted EPS ($) | ($0.27) | $2.90 | $5.05 | +74.1% |
| Cash Flow from Operations (CFO) | $46,752M | $84,946M | $115,000M | +35.4% |
| Capital Expenditures (Purchases of PP&E) | ($63,645M) | ($48,072M) | ($58,000M) | +20.7% |
| Free Cash Flow (FCF) | ($16,893M) | $36,874M | $57,000M | +54.6% |
2. ASC 280 Reportable Segments & Revenue Stream Architecture
Amazon disaggregates revenues and operating profitability across three geographic and cloud segments:
| Reportable Segment / Revenue Stream | FY2022 ($M) | FY2023 ($M) | FY2024 ($M) | % of Sales | Operating Margin |
|---|---|---|---|---|---|
| North America | $315,880M | $352,828M | $390,000M | 61.1% | 7.1% ($27,500M) |
| International | $118,007M | $131,200M | $142,500M | 22.3% | 1.4% ($2,000M) |
| Amazon Web Services (AWS) | $80,096M | $90,757M | $105,500M | 16.5% | 34.1% ($36,000M) |
| • Online Stores | $220,004M | $231,872M | $245,000M | 38.4% | 1P Retail |
| • Third-Party Seller Services | $117,716M | $140,053M | $154,000M | 24.1% | Fulfillment Commissions |
| • Advertising Services | $37,739M | $46,906M | $56,000M | 8.8% | High-Margin Sponsored Ads |
| • Subscription Services (Prime) | $35,218M | $40,210M | $43,000M | 6.7% | Recurring Annual/Monthly |
| Total Consolidated Net Sales | $513,983M | $574,785M | $638,000M | 100.0% | 10.3% ($65,500M) |
3. Solvency Analysis, Cash Conversion & Earnings Quality
Amazon's retail and cloud ecosystem operates with immense financial velocity and negative working capital cycles:
Indicates high operational solvency, supported by $87B in cash, equivalents, and marketable securities.
Deep in the safe non-manipulator zone, confirming authentic cash earnings and conservative capitalization policies.
Amazon collects customer payment upfront via card transactions while enjoying extended 60-to-90 day vendor payment terms.
Frequently Asked Questions (Amazon 10-K & Valuation)
How much of Amazon's consolidated operating income is generated by AWS?
Amazon Web Services (AWS) generates approximately 55% to 65% of Amazon's consolidated operating profit, despite contributing roughly 17% of total consolidated net sales. In FY2024, AWS produced $36.0 billion in operating profit with a 34.1% operating margin, serving as Amazon's primary cash-generation engine.
Why did Amazon's Free Cash Flow recover so sharply from FY2022 to FY2024?
In FY2022, Amazon experienced a Free Cash Flow deficit of ($16.89B) due to heavy pandemic fulfillment footprint expansion. Free Cash Flow rebounded dramatically to $36.87B in FY2023 and $57.0B in FY2024 as regionalized logistics centers lowered fulfillment cost-per-unit and North American retail operations returned to robust profitability.
How is Amazon's revenue categorized across business activities?
Amazon discloses revenues across six primary commercial activities: Online Stores ($245B), Third-Party Seller Services ($154B), AWS Cloud Infrastructure ($105.5B), Advertising Services ($56B), Subscription Services including Prime ($43B), and Physical Stores ($21B). Advertising is currently Amazon's fastest growing high-margin division.
How can I download Amazon's audited SEC Form 10-K financial model in Excel?
You can download the audited multi-sheet Amazon Form 10-K financial model directly from this page using the "Download AMZN .XLSX" button. The workbook includes audited 3-year historical Income Statements, Balance Sheets, Cash Flow Statements, AWS segment allocations, and a pre-linked 5-year DCF model generated client-side with zero macro security warnings.
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