Amazon.com has announced financial results for its second quarter ended June 30, 2014.
Operating cash flow increased 18 percent to $5.33 billion for the previous twelve months, compared with $4.53 billion for the twelve months ended June 30, 2013. Free cash flow increased to $1.04 billion for the previous twelve months, compared with $265 million for the twelve months ended June 30, 2013.
Free cash flow includes cash outflows for purchases of corporate office space and property in Seattle, Washington, of $1.4 billion. Common shares outstanding plus shares underlying stock-based awards have increased $6 billion to $480 billion.
Jeff Bezos, founder and CEO of Amazon.com said: “We continue working hard on making the Amazon customer experience better and better.
“We’ve recently introduced Sunday delivery coverage to 25 percent of the U.S. population, launched European cross-border Two-Day Delivery for Prime, and launched Kindle Unlimited, an eBook subscription service.”
Net sales increased 23 percent to $19.34 billion in the second quarter, compared with $15.70 billion in second quarter 2013. Excluding the $237 million favourable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales grew 22 percent compared with second quarter 2013.
Operating loss was $15 million in the second quarter, compared with operating income of $79 million in second quarter 2013. The favourable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating loss was $31 million.
Net loss was $126 million in the second quarter, or $0.27 per diluted share, compared with net loss of $7 million, or $0.02 per diluted share, in second quarter 2013.
Third Quarter 2014 Guidance
Amazon opened on the World Wide Web in July 1995. The company is guided by three principles: customer obsession rather than competitor focus, passion for invention, and long-term thinking. For more information, please visit http://phx.corporate-ir.net/phoenix.zhtml?c=176060&p=irol-newsArticle&ID=1951181&highlight=