Amazon.com Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	77,670	59,248	30,425	-2,722	33,364
Depreciation & Amortization	65,756	52,795	48,663	41,921	34,433
Stock-Based Compensation	19,467	22,011	24,023	19,621	12,757
Other Operating Activities	-3,410	-2,636	-6,624	8,818	-14,616
Change in Accounts Receivable	-7,333	-3,249	-8,348	-8,622	-9,145
Change in Inventory	-3,002	-1,884	1,449	-2,592	-9,487
Change in Accounts Payable	11,231	2,972	5,473	2,945	3,602
Change in Unearned Revenue	-214	4,007	4,578	2,216	2,314
Change in Other Net Operating Assets	-20,651	-17,387	-14,693	-14,833	-6,895
Operating Cash Flow	139,514	115,877	84,946	46,752	46,327
Operating Cash Flow Growth	20.40%	36.41%	81.69%	0.92%	-29.88%
Capital Expenditures	-131,819	-82,999	-52,729	-63,645	-61,053
Sale of Property, Plant & Equipment	3,499	5,341	4,596	5,324	5,657
Cash Acquisitions	-3,841	-7,082	-5,839	-8,316	-1,985
Investment in Securities	-10,384	-9,602	4,139	29,036	-773
Investing Cash Flow	-142,545	-94,342	-49,833	-37,601	-58,154
Short-Term Debt Issued	9,320	5,142	18,129	41,553	7,956
Long-Term Debt Issued	15,673	-	-	21,166	19,003
Total Debt Issued	24,993	5,142	18,129	62,719	26,959
Short-Term Debt Repaid	-8,426	-5,060	-25,677	-37,554	-7,753
Long-Term Debt Repaid	-6,906	-11,894	-8,331	-9,447	-12,915
Total Debt Repaid	-15,332	-16,954	-34,008	-47,001	-20,668
Net Debt Issued (Repaid)	9,661	-11,812	-15,879	15,718	6,291
Repurchase of Common Stock	-	-	-	-6,000	-
Financing Cash Flow	9,661	-11,812	-15,879	9,718	6,291
Foreign Exchange Rate Adjustments	1,164	-1,301	403	-1,093	-364
Net Cash Flow	7,794	8,422	19,637	17,776	-5,900
Free Cash Flow	7,695	32,878	32,217	-16,893	-14,726
Free Cash Flow Growth	-76.59%	2.05%	-	-	-
Free Cash Flow Margin	1.07%	5.15%	5.61%	-3.29%	-3.13%
Free Cash Flow Per Share	0.71	3.07	3.07	-1.66	-1.43
Cash Interest Paid	1,949	2,364	3,112	2,142	1,772
Cash Income Tax Paid	8,295	12,308	11,179	6,035	3,688
Levered Free Cash Flow	23,793	45,556	45,476	695.13	-968.25
Unlevered Free Cash Flow	25,214	47,060	47,465	2,175	162.38
Change in Working Capital	-19,969	-15,541	-11,541	-20,886	-19,611

Source: S&P Global Market Intelligence. Standard template. Financial Sources.