Amazon.com Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $77.67B | $59.25B | $30.43B | $-2.72B | $33.36B | $21.33B | $11.59B | $10.07B |
| Depreciation & Amortization | $65.76B | $52.80B | $48.66B | $41.92B | $34.43B | $25.18B | $21.79B | $15.34B |
| Depreciation | $41.86B | $32.07B | $30.23B | $24.92B | $22.91B | $16.24B | $15.15B | $12.14B |
| Amortization | $817.0M | $838.0M | $706.0M | $604.0M | $512.0M | $509.0M | $565.0M | $475.0M |
| Stock-Based Compensation | $19.47B | $22.01B | $24.02B | $19.62B | $12.76B | $9.21B | $6.86B | $5.42B |
| Net Cash from Operating Activities | $139.51B | $115.88B | $84.95B | $46.75B | $46.33B | $66.06B | $38.51B | $30.72B |
| Investing Activities | ||||||||
| Capital Expenditures | $131.82B | $83.00B | $52.73B | $63.65B | $61.05B | $40.14B | $16.86B | $13.43B |
| Business Acquisitions | — | — | — | — | — | — | $2.46B | $2.19B |
| Net Cash from Investing Activities | $-142.55B | $-94.34B | $-49.83B | $-37.60B | $-58.15B | $-59.61B | $-24.28B | $-12.37B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | $0 | $0 | $6.00B | $0 | $0 | — | — |
| Net Cash from Financing Activities | $9.66B | $-11.81B | $-15.88B | $9.72B | $6.29B | $-1.10B | $-10.07B | $-7.69B |
| Net Change in Cash | $7.79B | $8.42B | $19.64B | $17.78B | $-5.90B | $5.97B | $4.24B | $10.32B |
| Free Cash Flow | $7.70B | $32.88B | $32.22B | $-16.89B | $-14.73B | $25.92B | $21.65B | $17.30B |
Go for a business that any idiot can run – because sooner or later any idiot probably is going to be running it.