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Amazon.com Inc. (AMZN-3.71%) has submitted its Form 10-K filing for the fiscal year ended December 31, 2024.
The filing reveals that Amazon's net sales increased to $637.959 billion in 2024, up from $574.785 billion in the previous year, marking an 11% growth.
The North America segment reported net sales of $387.497 billion, while the International segment contributed $142.906 billion. Amazon Web Services (AWS) generated $107.556 billion in net sales.
Operating income rose to $68.593 billion in 2024 from $36.852 billion in 2023. The North America segment's operating income increased to $24.967 billion, and AWS's operating income was $39.834 billion.
Amazon reported a net income of $59.248 billion for 2024, compared to $30.425 billion in 2023. The increase in net income was driven by higher sales and operating income.
Cash provided by operating activities was $115.877 billion, while cash used in investing activities was $94.342 billion, primarily due to capital expenditures in technology infrastructure and fulfillment network.
Amazon's total assets increased to $624.894 billion as of December 31, 2024, from $527.854 billion in the previous year. The increase was largely due to investments in property and equipment.
The company continues to focus on expanding its fulfillment network and enhancing its technology infrastructure to support its growing business operations.
Amazon faces various legal proceedings, including antitrust claims and patent disputes, which are ongoing. The company intends to defend itself vigorously in these matters.
The filing also highlights Amazon's commitment to sustainability initiatives and its efforts to manage risks related to data security and privacy.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Amazon.com Inc. annual 10-K report dated February 7, 2025. To report an error, please email earnings@qz.com.