Amazon's 10-K for 2017
https://www.sec.gov/Archives/edgar/data/1018724/000101872418000005/amzn-20171231x10k.h
To search for corproate filings, use the following link
https://www.sec.gov/edgar/searchedgar/companysearch.html
000005/amzn-20171231x10k.htm#sF2423AEEA7FB5EE886EF78CF9324C2CE
AMAZON
Consolidated Statement of Operations
(In millions of dollars)
Fiscal Year Ended December 31
Net product sales
Net service sales
Total net sales
Cost of sales
Gross profit
Operating expenses:
Fulfillment
Marketing
Technology and content
General and administrative
Other operating expense (income), net
Total operating expenses
Income from operations
Interest income
Interest expense
Other income (expense), net
Total non-operating income (expense)
Income before income taxes
Provision for income taxes
Equity-method investment activity, net of tax
Net income
2017
Percent
$ 118.573
59.293
177.866
66,7%
33,3%
100,0%
111.934
65.932
2016
94.665
41.322
135.987
70%
30%
100,0%
62,9%
37,1%
88.265
47.722
25.249
10.069
22.620
3.674
214
61.826
14,2%
5,7%
12,7%
2,1%
0,1%
34,8%
4.106
2,3%
202
(848)
346
(300)
3.806
(769)
(4)
3.033
$
Percent
0,1%
-0,5%
0,2%
-0,2%
74%
26%
100,0%
64,9%
35,1%
71.651
35.355
17.619
7.233
16.085
2.432
167
43.536
13,0%
5,3%
11,8%
1,8%
0,1%
32,0%
4.186
3,1%
100
(484)
90
(294)
0,1%
-0,4%
0,1%
-0,2%
3.892
2,9%
-0,4%
0,0%
(1.425)
(96)
-1,0%
-0,1%
2.371
1,74%
$
$
Percent
79.268
27.738
107.006
2,1%
1,71%
2015
Percent
Five-year
Average %
60.903
13.549
74.452
82%
18%
100,0%
74,2%
25,8%
100,0%
2013
79%
21%
100,0%
67,0%
33,0%
62.752
26.236
70,5%
29,5%
54.181
20.271
72,8%
27,2%
67,6%
32,4%
13.410
5.254
12.540
1.747
171
33.122
12,5%
4,9%
11,7%
1,6%
0,2%
31,0%
10.766
4.332
9.275
1.552
133
26.058
12,1%
4,9%
10,4%
1,7%
0,1%
29,3%
8.585
3.133
6.565
1.129
114
19.526
11,5%
4,2%
8,8%
1,5%
0,2%
26,2%
12,7%
5,0%
11,1%
1,7%
0,1%
30,6%
2.233
2,1%
178
0,2%
745
1,0%
1,7%
0,0%
-0,4%
-0,2%
-0,6%
39
(210)
(118)
(289)
0,0%
-0,2%
-0,1%
-0,3%
38
(141)
(136)
(239)
0,1%
-0,2%
-0,2%
-0,3%
0,1%
-0,3%
-0,1%
-0,3%
1,5%
(111)
-0,1%
506
0,7%
1,4%
(950)
(22)
-0,9%
0,0%
(167)
37
-0,2%
0,0%
(161)
(71)
-0,2%
-0,1%
-0,6%
0,0%
596
0,56%
(241)
-0,27%
274
0,37%
0,8%
1.568
$
Percent
70.080
18.908
88.988
50
(459)
(256)
(665)
$
2014
$
$
$
AMAZON
Consolidated Balance Sheet
(In millions of dollars)
2017
Percent
2016
Percent
2015
Percent
2014
Percent
2013
Percent
Five-year
Average %
December 31,
Assets
Current assets:
Cash and cash equivalents
Marketable securities
Inventories
Accounts receivable, net and other
Total current assets
$ 20.522
10.464
16.047
13.164
60.197
15,6%
8,0%
12,2%
10,0%
45,8%
$ 19.334
6.647
11.461
8.339
45.781
23,2%
8,0%
13,7%
10,0%
54,9%
$ 15.890
3.918
10.243
5.654
35.705
24,5%
6,1%
15,8%
8,7%
55,1%
$ 14.557
2.859
8.299
5.612
31.327
26,7%
5,2%
15,2%
10,3%
57,5%
$ 8.658
3.789
7.411
4.767
24.625
21,6%
9,4%
18,5%
11,9%
61,3%
22,3%
7,3%
15,1%
10,2%
54,9%
Fixed assets, net
Goodwill
Other assets
Total assets
48.866
13.350
8.897
$ 131.310
37,2%
10,2%
6,8%
100,0%
29.114
3.784
4.723
$ 83.402
34,9%
4,5%
5,7%
100,0%
21.838
3.759
3.445
$ 64.747
33,7%
5,8%
5,3%
100,0%
16.967
3.319
2.892
$ 54.505
31,1%
6,1%
5,3%
100,0%
10.949
2.655
1.930
$ 40.159
27,3%
6,6%
4,8%
100,0%
32,8%
6,6%
5,6%
100,0%
2014
Percent
2013
Percent
Liabilities and Stockholders' Equity
2017
Current liabilities:
Accounts payable
Accrued expenses and other
Unearned revenue
Total current liabilities
Long-term debt
Other long-term liabilities
Total Liabilities
Stockholders’ equity:
Common Stock
Treasury stock, at cost
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Total stockholders’ equity
Total liabilities and stockholders’ equity
$ 34.616
18.170
5.097
57.883
Percent
2016
$ 25.309
13.739
4.768
43.816
24.743
20.975
26,4%
13,8%
3,9%
44,1%
0,0%
18,8%
16,0%
103.601
5
(1.837)
21.389
(484)
8.636
27.709
$ 131.310
Percent
2015
Percent
Five-year
Average %
$ 20.397
10.384
3.118
33.899
31,5%
16,0%
4,8%
52,4%
$ 16.459
9.807
1.823
28.089
30,2%
18,0%
3,3%
51,5%
$ 15.133
6.688
1.159
22.980
37,7%
16,7%
2,9%
57,2%
7.694
12.607
30,3%
16,5%
5,7%
52,5%
0,0%
9,2%
15,1%
8.227
9.249
12,7%
14,3%
8.265
7.410
15,2%
13,6%
3.191
4.242
7,9%
10,6%
31,2%
16,2%
4,1%
51,5%
0,0%
12,8%
13,9%
78,9%
64.117
76,9%
51.375
79,3%
43.764
80,3%
30.413
75,7%
78,2%
0,0%
-1,4%
16,3%
-0,4%
6,6%
21,1%
5
(1.837)
17.186
(985)
4.916
19.285
0,0%
-2,2%
20,6%
-1,2%
5,9%
23,1%
5
(1.837)
13.394
(723)
2.545
13.384
0,0%
-2,8%
20,7%
-1,1%
3,9%
20,7%
5
(1.837)
11.135
(511)
1.949
10.741
0,0%
-3,4%
20,4%
-0,9%
3,6%
19,7%
5
(1.837)
9.573
(185)
2.190
9.746
0,0%
-4,6%
23,8%
-0,5%
5,5%
24,3%
0,0%
-2,9%
20,4%
-0,8%
5,1%
21,8%
100,0%
100,0%
100,0%
$ 83.402
100,0%
$ 64.759
100,0%
$ 54.505
100,0%
$ 40.159
AMAZON
Condensed Statement of Cash Flows
(In millions of dollars)
Fiscal Year Ended December 31
Cash from operating activities
Cash from investing activities
Cash from financing activities
$
2017
18.434 $
(27.819)
9.860
Effect of exchange rates
713
Net change in cash
Cash, beginning of year
Cash, end of year
1.188
19.334
20.522
$
2016
17.272 $
(9.876)
(3.740)
(212)
$
3.444
15.890
19.334
2015
12.039 $
(6.450)
(3.882)
(374)
$
1.333
14.557
15.890
2014
6.848 $
(5.065)
4.426
(310)
$
5.899
8.658
14.557
2013
5.553
(4.276)
(617)
(86)
$
574
8.658
AMAZON
Profitability ratios
Gross profit margin
Net profit margin
Retun on equity
Return on assets
Efficiency ratios
Receivable turnover
Inventory turnover
Total asset turnover
Gross profit / Net Sales
Net income / Net Sales
Net income / Average Shareholders' equity
Net income / Average total assets
2017
Ratio
37,1%
1,7%
12,9%
2,8%
2016
Ratio
35,1%
1,7%
14,5%
3,2%
2015
Ratio
33,0%
0,6%
4,9%
1,0%
Net Sales / Average Accounts Receivables, Net
Cost of goods sold / Average inventory
Sales / Average total assets
16,54
8,14
1,66
19,44
8,13
1,84
19,00
7,73
1,79
Formula
Liquidity ratios
Current ratio
Ending current assets / Ending current liabilities
Quick ratio (acid test)
(Ending current assets - Ending inventory) / Ending current liabilities
Current cash debt coverage
Cash provided by operations / Average current liabilities
Solvency ratios
Debt to assets
Times interest earned
Cash debt coverage
Ending total liabilities / Ending total assets
Earnings before interest and taxes / Interest expense
Cash provided by operations / Average total liabilities
Notes
2015 much lower because smaller NI
Ebay's 10-K for 2017
https://www.sec.gov/ix?doc=/Archives/edgar/data/1065088/000106508818000009/ebay201710-k.
To search for corproate filings, use the following link
https://www.sec.gov/edgar/searchedgar/companysearch.html
6508818000009/ebay201710-k.htm
EBAY
Consolidated Statement of Earnings
(In millions of dollars)
Fiscal Year Ended December 31
Net revenues
Cost of net revenues
Gross profit
2017
Percent
2016
Percent
$ 9.567
2.222
7.345
100,0%
23,2%
76,8%
$ 8.979
2.007
6.972
100,0%
22,4%
77,6%
Operating expenses:
Sales and marketing
Product development
General and administrative
Provision for transaction losses
Amortization of acquired intangible assets
Total operating expenses
2.515
1.224
1.031
272
38
5.080
26,3%
12,8%
10,8%
2,8%
0,4%
53,1%
2.368
1.114
900
231
34
4.647
Income from operations
2.265
23,7%
Interest and other income, net
Income before income taxes
11
2.276
Provision for income taxes
(3.288)
Income (loss) from continuing operations
Income (loss) from discontinued operations
(net of tax)
Net income
$
Percent
8.592
1.771
6.821
100,0%
20,6%
79,4%
26,4%
12,4%
10,0%
2,6%
0,4%
51,8%
2.267
923
1.122
271
41
4.624
2.325
25,9%
0,1%
23,8%
1.326
3.651
14,8%
40,7%
-34,4%
3.634
40,5%
(1.012)
$ 7.266
$
$
Percent
Five-year
Average %
8.257
1.492
6.765
100,0%
18,1%
81,9%
100,0%
20,3%
79,7%
2013
26,4%
10,7%
13,1%
3,2%
0,5%
53,8%
2.442
983
889
262
75
4.651
27,8%
11,2%
10,1%
3,0%
0,9%
52,9%
2.144
915
880
236
136
4.311
26,0%
11,1%
10,7%
2,9%
1,6%
52,2%
26,8%
11,6%
10,8%
2,9%
0,8%
52,8%
2.197
25,6%
2.476
28,2%
2.454
29,7%
26,9%
209
2.406
2,4%
28,0%
39
2.515
0,4%
28,6%
117
2.571
1,4%
31,1%
3,3%
30,1%
-5,3%
(3.380)
-38,5%
-6,1%
-13,7%
34,59%
21,0%
1.725
$
(504)
(865)
(222)
80,92%
Percent
100,0%
18,9%
81,1%
1.947
(19)
-10,62%
2014
8.790
1.663
7.127
(459)
7.285
(4)
$ (1.016)
2015
2.067
911
20,08%
$
46
789
0,52%
$
2.856
EBAY
Consolidated Balance Sheet
(In millions of dollars)
December 31,
Assets
Current assets:
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Other current assets
Total current assets
Long-term investments
Property and equipment, net
Goodwill
Intangible assets, net
Other assets
Total assets
2017
$
Percent
2.120
3.743
695
1.185
7.743
8,2%
14,4%
2,7%
4,6%
29,8%
6.331
1.597
4.773
69
5.468
$ 25.981
24,4%
6,1%
18,4%
0,3%
21,0%
100,0%
2016
$
Percent
1.816
5.333
592
1.134
8.875
7,6%
22,4%
2,5%
4,8%
37,2%
3.969
1.516
4.501
102
4.884
$ 23.847
16,6%
6,4%
18,9%
0,4%
20,5%
100,0%
2015
$
Percent
1.832
4.299
619
1.154
7.904
10,3%
24,2%
3,5%
6,5%
44,5%
3.391
1.554
4.451
90
365
$ 17.755
19,1%
8,8%
25,1%
0,5%
2,1%
100,0%
2014
$
Percent
4.105
3.730
600
18.096
26.531
9,1%
8,3%
1,3%
40,1%
58,8%
5.736
1.486
4.671
133
6.575
$ 45.132
12,7%
3,3%
10,3%
0,3%
14,6%
100,0%
2013
$
Percent
Five-year
Average %
4.494
4.531
899
13.359
23.283
10,8%
10,9%
2,2%
32,2%
56,1%
7,7%
13,4%
2,0%
14,7%
37,7%
4.971
2.760
9.267
941
266
$ 41.488
12,0%
6,7%
22,3%
2,3%
0,6%
100,0%
14,1%
5,2%
15,8%
0,6%
9,8%
83,3%
Liabilities and Stockholders' Equity
2017
Current liabilities:
Short-term debt
Accounts payable
Accrued expenses and other current liabilities
Deferred revenue
Income taxes payable
Other current liabilities
Total current liabilities
Deferred and other tax liabilities, net
Long-term debt
Other liabilities
Total liabilities
Stockholders’ equity:
Common stock
Additional paid-in capital
Treasury stock at cost
Retained earnings
Accumulated other comprehensive income
Total stockholders’ equity
Total liabilities and stockholders’ equity
$
781
330
2.134
117
177
3.539
3,0%
1,3%
8,2%
0,5%
0,7%
0,0%
13,6%
3.425
9.234
1.720
17.918
2
15.293
(21.892)
13.943
717
8.063
$ 25.981
2016
Percent
1.451
283
1.893
110
110
3.847
6,1%
1,2%
7,9%
0,5%
0,5%
0,0%
16,1%
13,2%
35,5%
6,6%
69,0%
1.888
7.509
64
13.308
0,0%
58,9%
-84,3%
53,7%
2,8%
31,0%
2
14.907
(19.205)
14.959
(124)
10.539
100,0%
$
$ 23.847
2015
Percent
349
1.736
106
72
2.263
0,0%
2,0%
9,8%
0,6%
0,4%
0,0%
12,7%
7,9%
31,5%
0,3%
55,8%
2.092
6.749
75
11.179
0,0%
62,5%
-80,5%
62,7%
-0,5%
44,2%
2
14.538
(16.203)
7.713
526
6.576
100,0%
$
$ 17.755
2014
Percent
850
107
3.830
108
125
12.511
17.531
1,9%
0,2%
8,5%
0,2%
0,3%
27,7%
38,8%
11,8%
38,0%
0,4%
63,0%
522
6.777
396
25.226
0,0%
81,9%
-91,3%
43,4%
3,0%
37,0%
2
13.887
(14.054)
18.900
1.171
19.906
100,0%
$
Percent
$ 45.132
2013
6
309
9.260
2.799
158
107
12.639
0,0%
0,7%
22,3%
6,7%
0,4%
0,3%
30,5%
2,2%
1,1%
11,3%
1,7%
0,4%
5,6%
22,4%
1,2%
15,0%
0,9%
55,9%
841
4.117
244
17.841
2,0%
9,9%
0,6%
43,0%
7,2%
26,0%
1,8%
57,3%
0,0%
30,8%
-31,1%
41,9%
2,6%
44,1%
2
13.031
(9.396)
18.854
1.156
23.647
0,0%
31,4%
-22,6%
45,4%
2,8%
57,0%
0,0%
53,1%
-62,0%
49,4%
2,1%
42,7%
100,0%
100,0%
100,0%
$
Percent
$ 41.488
EBAY
Condensed Statement of Cash Flows
(In millions of dollars)
Fiscal Year Ended December 31
Cash from operating activities
Cash from investing activities
Cash from financing activities
2017
2016
2015
2014
2013
$ 3.146 $ 2.826 $ 4.033 $ 5.677 $ 4.995
(1.296) (2.008)
(3.611)
(2.673)
(6.012)
(1.784)
(744)
(4.554)
(1.022)
(1.354)
Effect of exchange rates
238
Net change in cash
Cash, beginning of year
Cash, end of year
304
1.816
$ 2.120
(90)
(364)
(148)
(16)
(4.496)
1.834
1.832
6.328
4.494
$ 1.816 $ 1.832 $ 6.328
48
(2.323)
6.817
$ 4.494
Ebay
Profitability ratios
Gross profit margin
Net profit margin
Retun on equity (ROE)
Return on assets (ROA)
Formula
Gross profit / Net Sales
Net income / Net Sales
Net income / Average Shareholders' equity
Net income / Average total assets
Efficiency ratios
Receivable turnover
Inventory turnover
Total asset turnover
Net Sales / Average Accounts Receivables, Net
Cost of goods sold / Average inventory
Sales / Average total assets
Ebay
Ebay
Ebay
2017
Ratio
76,8%
-10,6%
-10,9%
-4,1%
2016
Ratio
77,6%
80,9%
84,9%
34,9%
2015
Ratio
79,4%
20,1%
13,0%
5,5%
14,87
14,83
14,10
0,38
0,43
0,27
N/A? No inventory on B.S.
Liquidity ratios
Current ratio
Ending current assets / Ending current liabilities
Quick ratio (acid test)
(Ending current assets - Ending inventory) / Ending current liabilities
Current cash debt coverage
Cash provided by operations / Average current liabilities
Solvency ratios
Debt to assets
Times interest earned
Cash debt coverage
Ending total liabilities / Ending total assets
Earnings before interest and taxes / Interest expense
Cash provided by operations / Average total liabilities
NOTE: Ebay does not seperately disclose interest expense and interest income but rather nets the
two amounts on its income statement. On its cash flow statement, it discloses "cash paid for
interest." Please use this number in calculating the "times interest earned" ratio.
Cash paid for interest
2017
$
285 million
2016
$
220 million
2015
$
175 million
Notes
Amazon's 10-K for 2017
https://www.sec.gov/Archives/edgar/data/1018724/000101872418000005/amzn-20171231x10k.htm#sF2423AEEA7FB5EE886EF78CF9
To search for corproate filings, use the following link
https://www.sec.gov/edgar/searchedgar/companysearch.html
Ebay's 10-K for 2017
https://www.sec.gov/ix?doc=/Archives/edgar/data/1065088/000106508818000009/ebay201710-k.htm
To search for corproate filings, use the following link
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AMAZON
Consolidated Statement of Operations
(In millions of dollars)
Fiscal Year Ended December 31
2019
Percent
2018
Percent
2017
Percent
$ 160.408
120.114
280.522
57%
43%
100,0%
$ 141.915
90.972
232.887
61%
39%
100,0%
$ 118.573
59.293
177.866
66,7%
33,3%
100,0%
Cost of sales
Gross profit
165.536
114.986
59,0%
41,0%
139.156
93.731
59,8%
40,2%
111.934
65.932
Operating expenses:
Fulfillment
Marketing
Technology and content
General and administrative
Other operating expense (income), net
Total operating expenses
40.232
18.878
35.931
5.203
201
100.445
14,3%
6,7%
12,8%
1,9%
0,1%
35,8%
34.027
13.814
28.837
4.336
296
81.310
14,6%
5,9%
12,4%
1,9%
0,1%
34,9%
Income from operations
14.541
5,2%
12.421
5,3%
Interest income
Interest expense
Other income (expense), net
Total non-operating income (expense)
832
(1.600)
203
(565)
Income before income taxes
13.976
Net product sales
Net service sales
Total net sales
Provision for income taxes
Equity-method investment activity, net of tax
Net income
0,3%
-0,6%
0,1%
-0,2%
5,0%
440
(1.417)
(183)
(1.160)
11.261
0,2%
-0,6%
-0,1%
-0,5%
4,8%
(2.374)
(14)
-0,8%
0,0%
(1.197)
9
-0,5%
0,0%
11.588
4,13%
10.073
4,33%
2016
94.665
41.322
135.987
70%
30%
100,0%
62,9%
37,1%
88.265
47.722
25.249
10.069
22.620
3.674
214
61.826
14,2%
5,7%
12,7%
2,1%
0,1%
34,8%
4.106
2,3%
202
(848)
346
(300)
3.806
(769)
(4)
3.033
$
Percent
0,1%
-0,5%
0,2%
-0,2%
74%
26%
100,0%
64,9%
35,1%
71.651
35.355
17.619
7.233
16.085
2.432
167
43.536
13,0%
5,3%
11,8%
1,8%
0,1%
32,0%
4.186
3,1%
100
(484)
90
(294)
0,1%
-0,4%
0,1%
-0,2%
3.892
2,9%
-0,4%
0,0%
(1.425)
(96)
-1,0%
-0,1%
2.371
1,74%
$
$
Percent
79.268
27.738
107.006
2,1%
1,71%
2015
Percent
Five-year
Average %
60.903
13.549
74.452
82%
18%
100,0%
65,7%
34,3%
100,0%
2013
79%
21%
100,0%
67,0%
33,0%
62.752
26.236
70,5%
29,5%
54.181
20.271
72,8%
27,2%
62,7%
37,3%
13.410
5.254
12.540
1.747
171
33.122
12,5%
4,9%
11,7%
1,6%
0,2%
31,0%
10.766
4.332
9.275
1.552
133
26.058
12,1%
4,9%
10,4%
1,7%
0,1%
29,3%
8.585
3.133
6.565
1.129
114
19.526
11,5%
4,2%
8,8%
1,5%
0,2%
26,2%
13,7%
5,7%
12,3%
1,8%
0,1%
33,7%
2.233
2,1%
178
0,2%
745
1,0%
3,6%
0,0%
-0,4%
-0,2%
-0,6%
39
(210)
(118)
(289)
0,0%
-0,2%
-0,1%
-0,3%
38
(141)
(136)
(239)
0,1%
-0,2%
-0,2%
-0,3%
0,1%
-0,5%
0,0%
-0,3%
1,5%
(111)
-0,1%
506
0,7%
3,3%
(950)
(22)
-0,9%
0,0%
(167)
37
-0,2%
0,0%
(161)
(71)
-0,2%
-0,1%
-0,7%
0,0%
596
0,56%
(241)
-0,27%
274
0,37%
2,5%
1.568
$
Percent
70.080
18.908
88.988
50
(459)
(256)
(665)
$
2014
$
$
$
EBAY
Consolidated Statement of Earnings
(In millions of dollars)
Fiscal Year Ended December 31
Net revenues
Cost of net revenues
Gross profit
2019
$
Percent
10.800
2.508
8.292
100,0%
23,2%
76,8%
Operating expenses:
Sales and marketing
Product development
General and administrative
Provision for transaction losses
Amortization of acquired intangible assets
Total operating expenses
3.194
1.240
1.189
300
48
5.971
Income from operations
2018
2017
Percent
2016
Percent
10.746
2.382
8.364
100,0%
22,2%
77,8%
$ 9.567
2.222
7.345
100,0%
23,2%
76,8%
$ 8.979
2.007
6.972
100,0%
22,4%
77,6%
29,6%
49,4%
14,3%
2,8%
0,4%
55,3%
3.391
1.285
1.131
286
49
6.142
31,6%
53,9%
13,5%
2,7%
0,5%
57,2%
2.515
1.224
1.031
272
38
5.080
26,3%
12,8%
10,8%
2,8%
0,4%
53,1%
2.368
1.114
900
231
34
4.647
2.321
21,5%
2.222
20,7%
2.265
23,7%
Interest and other income, net
Income before income taxes
(114)
2.207
-1,1%
20,4%
496
2.718
4,6%
25,3%
11
2.276
Provision for income taxes
415
3,8%
190
1,8%
(3.288)
1.792
16,6%
2.528
23,5%
(1.012)
Income (loss) from continuing operations
Income (loss) from discontinued operations
(net of tax)
Net income
$
Percent
(6)
$
1.786
2
16,54%
$
2.530
$ (1.016)
$
Percent
8.592
1.771
6.821
100,0%
20,6%
79,4%
26,4%
12,4%
10,0%
2,6%
0,4%
51,8%
2.267
923
1.122
271
41
4.624
2.325
25,9%
0,1%
23,8%
1.326
3.651
14,8%
40,7%
-34,4%
3.634
40,5%
$ 7.266
$
$
Percent
Five-year
Average %
8.257
1.492
6.765
100,0%
18,1%
81,9%
100,0%
22,3%
77,7%
2013
26,4%
10,7%
13,1%
3,2%
0,5%
53,8%
2.442
983
889
262
75
4.651
27,8%
11,2%
10,1%
3,0%
0,9%
52,9%
2.144
915
880
236
136
4.311
26,0%
11,1%
10,7%
2,9%
1,6%
52,2%
28,0%
27,9%
12,3%
2,8%
0,4%
54,2%
2.197
25,6%
2.476
28,2%
2.454
29,7%
23,5%
209
2.406
2,4%
28,0%
39
2.515
0,4%
28,6%
117
2.571
1,4%
31,1%
4,2%
27,6%
-5,3%
(3.380)
-38,5%
-6,1%
1,3%
34,59%
26,1%
1.725
$
(504)
(865)
(222)
80,92%
Percent
100,0%
18,9%
81,1%
1.947
(19)
-10,62%
2014
8.790
1.663
7.127
(459)
7.285
(4)
23,54%
2015
2.067
911
20,08%
$
46
789
0,52%
$
2.856
AMAZON
Consolidated Balance Sheet
(In millions of dollars)
December 31,
Assets
Current assets:
Cash and cash equivalents
Marketable securities
Inventories
Accounts receivable, net and other
Total current assets
Fixed assets, net
Operating leases
Goodwill
Other assets
Total assets
2019
$
Percent
2018
Percent
2017
Percent
2016
Percent
2015
Percent
2014
Percent
2013
Percent
36.092
18.929
20.497
20.816
96.334
16,0%
8,4%
9,1%
9,2%
42,8%
$ 31.750
9.500
17.174
16.677
75.101
19,5%
5,8%
10,6%
10,3%
46,2%
$ 20.522
10.464
16.047
13.164
60.197
15,6%
8,0%
12,2%
10,0%
45,8%
$ 19.334
6.647
11.461
8.339
45.781
23,2%
8,0%
13,7%
10,0%
54,9%
$ 15.890
3.918
10.243
5.654
35.705
24,5%
6,1%
15,8%
8,7%
55,1%
$ 14.557
2.859
8.299
5.612
31.327
26,7%
5,2%
15,2%
10,3%
57,5%
$ 8.658
3.789
7.411
4.767
24.625
21,6%
9,4%
18,5%
11,9%
61,3%
19,8%
7,2%
12,3%
9,7%
49,0%
72.705
25.141
14.754
16.314
$ 225.248
32,3%
61.797
14.548
11.202
$ 162.648
38,0%
48.866
13.350
8.897
$ 131.310
37,2%
29.114
3.784
4.723
$ 83.402
34,9%
21.838
3.759
3.445
$ 64.747
33,7%
16.967
3.319
2.892
$ 54.505
31,1%
27,3%
35,2%
6,1%
5,3%
100,0%
10.949
2.655
1.930
$ 40.159
6,6%
4,8%
100,0%
7,2%
6,4%
100,0%
2014
Percent
2013
6,6%
7,2%
100,0%
8,9%
6,9%
100,0%
10,2%
6,8%
100,0%
4,5%
5,7%
100,0%
5,8%
5,3%
100,0%
Liabilities and Stockholders' Equity
2019
Current liabilities:
Accounts payable
Accrued expenses and other
Unearned revenue
Total current liabilities
Long-term lease liability
Long-term debt
Other long-term liabilities
Total Liabilities
Stockholders’ equity:
Common Stock
Treasury stock, at cost
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Total stockholders’ equity
Total liabilities and stockholders’ equity
Five-year
Average %
$
Percent
2018
Percent
2017
Percent
2016
Percent
2015
Percent
Percent
Five-year
Average %
47.183
32.439
8.190
87.812
20,9%
14,4%
3,6%
39,0%
$ 38.192
23.663
6.536
68.391
23,5%
14,5%
4,0%
42,0%
$ 34.616
18.170
5.097
57.883
26,4%
13,8%
3,9%
44,1%
$ 25.309
13.739
4.768
43.816
30,3%
16,5%
5,7%
52,5%
$ 20.397
10.384
3.118
33.899
31,5%
16,0%
4,8%
52,4%
$ 16.459
9.807
1.823
28.089
30,2%
18,0%
3,3%
51,5%
$ 15.133
6.688
1.159
22.980
37,7%
16,7%
2,9%
57,2%
26,5%
15,1%
4,4%
46,0%
39.791
23.414
12.171
163.188
17,7%
10,4%
5,4%
72,4%
9.650
23.495
17.563
119.099
5,9%
14,4%
10,8%
73,2%
24.743
20.975
103.601
0,0%
18,8%
16,0%
78,9%
7.694
12.607
64.117
0,0%
9,2%
15,1%
76,9%
8.227
9.249
51.375
0,0%
12,7%
14,3%
79,3%
8.265
7.410
43.764
0,0%
15,2%
13,6%
80,3%
3.191
4.242
30.413
0,0%
7,9%
10,6%
75,7%
4,7%
13,1%
12,3%
76,2%
0,0%
-1,4%
16,3%
-0,4%
6,6%
21,1%
5
(1.837)
17.186
(985)
4.916
19.285
0,0%
-2,2%
20,6%
-1,2%
5,9%
23,1%
5
(1.837)
13.394
(723)
2.545
13.384
0,0%
-2,8%
20,7%
-1,1%
3,9%
20,7%
5
(1.837)
11.135
(511)
1.949
10.741
0,0%
-3,4%
20,4%
-0,9%
3,6%
19,7%
5
(1.837)
9.573
(185)
2.190
9.746
0,0%
-4,6%
23,8%
-0,5%
5,5%
24,3%
0,0%
-1,7%
17,8%
-0,7%
8,5%
23,8%
100,0%
100,0%
5
(1.837)
33.658
(986)
31.220
62.060
$ 225.248
0,0%
-0,8%
14,9%
-0,4%
13,9%
27,6%
100,0%
5
(1.837)
26.791
(1.035)
19.625
43.549
$ 162.648
0,0%
-1,1%
16,5%
-0,6%
12,1%
26,8%
100,0%
5
(1.837)
21.389
(484)
8.636
27.709
$ 131.310
100,0%
$ 83.402
100,0%
$ 64.759
100,0%
$ 54.505
100,0%
$ 40.159
EBAY
Consolidated Balance Sheet
(In millions of dollars)
December 31,
Assets
Current assets:
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Other current assets
Total current assets
Long-term investments
Property and equipment, net
Goodwill
Intangible assets, net
Operating lease right-of-use assets
Deferred tax assets
Other assets
Total assets
2019
$
Percent
975
1.850
700
1.181
4.706
20,7%
39,3%
14,9%
25,1%
25,9%
1.316
1.510
5.153
67
628
4.377
417
$ 18.174
7,2%
8,3%
28,4%
0,4%
3,5%
24,1%
2,3%
100,0%
2018
$
Percent
2.202
2.713
712
1.499
7.126
30,9%
38,1%
10,0%
21,0%
31,2%
3.778
1.597
5.160
92
4.792
274
$ 22.819
2017
$
Percent
2.120
3.743
695
1.185
7.743
8,2%
14,4%
2,7%
4,6%
29,8%
16,6%
7,0%
22,6%
0,4%
6.331
1.597
4.773
69
21,0%
1,2%
100,0%
5.468
$ 25.981
2016
$
Percent
1.816
5.333
592
1.134
8.875
7,6%
22,4%
2,5%
4,8%
37,2%
24,4%
6,1%
18,4%
0,3%
3.969
1.516
4.501
102
21,0%
100,0%
4.884
$ 23.847
2015
$
Percent
1.832
4.299
619
1.154
7.904
10,3%
24,2%
3,5%
6,5%
44,5%
16,6%
6,4%
18,9%
0,4%
3.391
1.554
4.451
90
20,5%
100,0%
365
$ 17.755
2014
$
Percent
4.105
3.730
600
18.096
26.531
9,1%
8,3%
1,3%
40,1%
58,8%
19,1%
8,8%
25,1%
0,5%
5.736
1.486
4.671
133
2,1%
100,0%
6.575
$ 45.132
2013
$
Percent
Five-year
Average %
4.494
4.531
899
13.359
23.283
10,8%
10,9%
2,2%
32,2%
56,1%
15,5%
27,7%
6,7%
12,4%
33,7%
12,7%
3,3%
10,3%
0,3%
4.971
2.760
9.267
941
12,0%
6,7%
22,3%
2,3%
16,8%
7,3%
22,7%
0,4%
14,6%
100,0%
266
$ 41.488
0,6%
100,0%
9,4%
100,0%
Liabilities and Stockholders' Equity
2019
Current liabilities:
Short-term debt
Accounts payable
Accrued expenses and other current liabilities
Deferred revenue
Income taxes payable
Other current liabilities
Total current liabilities
Deferred and other tax liabilities, net
Operating lease liabilities
Long-term debt
Other liabilities
Total liabilities
Stockholders’ equity:
Common stock
Additional paid-in capital
Treasury stock at cost
Retained earnings
Accumulated other comprehensive income
Total stockholders’ equity
Total liabilities and stockholders’ equity
$
1.022
270
2.404
158
212
5,6%
1,5%
13,2%
0,9%
1,2%
4.066
2.646
492
6.738
1.362
15.304
2
16.126
(31.396)
17.754
384
2.870
$ 18.174
2018
Percent
1.546
286
2.335
170
117
########
1,3%
10,2%
0,7%
0,5%
22,4%
4.454
14,6%
2,7%
37,1%
7,5%
84,2%
2.925
7.685
1.474
16.538
100,0%
88,7%
-172,8%
97,7%
2,1%
15,8%
100,0%
$
2
15.716
(26.394)
16.459
498
6.281
$ 22.819
2017
Percent
19,5%
781
330
2.134
117
177
3.539
3,0%
1,3%
8,2%
0,5%
0,7%
0,0%
13,6%
12,8%
0,0%
33,7%
6,5%
72,5%
3.425
9.234
1.720
17.918
2
15.293
(21.892)
13.943
717
8.063
100,0%
68,9%
-115,7%
72,1%
2,2%
27,5%
100,0%
$
$ 25.981
2016
Percent
1.451
283
1.893
110
110
3.847
6,1%
1,2%
7,9%
0,5%
0,5%
0,0%
16,1%
13,2%
0,0%
35,5%
6,6%
69,0%
1.888
7.509
64
13.308
0,0%
58,9%
-84,3%
53,7%
2,8%
31,0%
2
14.907
(19.205)
14.959
(124)
10.539
100,0%
$
$ 23.847
2015
Percent
349
1.736
106
72
2.263
0,0%
2,0%
9,8%
0,6%
0,4%
0,0%
12,7%
7,9%
0,0%
31,5%
0,3%
55,8%
2.092
6.749
75
11.179
0,0%
62,5%
-80,5%
62,7%
-0,5%
44,2%
2
14.538
(16.203)
7.713
526
6.576
100,0%
$
$ 17.755
2014
Percent
850
107
3.830
108
125
12.511
17.531
1,9%
0,2%
8,5%
0,2%
0,3%
27,7%
38,8%
11,8%
0,0%
38,0%
0,4%
63,0%
522
6.777
396
25.226
0,0%
81,9%
-91,3%
43,4%
3,0%
37,0%
2
13.887
(14.054)
18.900
1.171
19.906
100,0%
$
Percent
$ 45.132
2013
6
309
9.260
2.799
158
107
12.639
0,0%
0,7%
22,3%
6,7%
0,4%
0,3%
30,5%
30922,9%
1,4%
9,9%
0,6%
0,6%
0,0%
16,9%
1,2%
0,0%
15,0%
0,9%
55,9%
841
4.117
244
17.841
2,0%
0,0%
9,9%
0,6%
43,0%
12,1%
0,5%
35,2%
4,3%
68,9%
0,0%
30,8%
-31,1%
41,9%
2,6%
44,1%
2
13.031
(9.396)
18.854
1.156
23.647
0,0%
31,4%
-22,6%
45,4%
2,8%
57,0%
40,0%
72,2%
-108,9%
65,9%
1,9%
31,1%
100,0%
100,0%
100,0%
$
Percent
$ 41.488
AMAZON
Condensed Statement of Cash Flows
(In millions of dollars)
Fiscal Year Ended December 31
Cash from operating activities
Cash from investing activities
Cash from financing activities
$
2017
18.434 $
(27.819)
9.860
Effect of exchange rates
713
Net change in cash
Cash, beginning of year
Cash, end of year
1.188
19.334
20.522
$
2016
17.272 $
(9.876)
(3.740)
(212)
$
3.444
15.890
19.334
2015
12.039 $
(6.450)
(3.882)
(374)
$
1.333
14.557
15.890
2014
6.848 $
(5.065)
4.426
(310)
$
5.899
8.658
14.557
2013
5.553
(4.276)
(617)
(86)
$
574
8.658
EBAY
Condensed Statement of Cash Flows
(In millions of dollars)
Fiscal Year Ended December 31
Cash from operating activities
Cash from investing activities
Cash from financing activities
2017
2016
2015
2014
2013
$ 3.146 $ 2.826 $ 4.033 $ 5.677 $ 4.995
(1.296) (2.008)
(3.611)
(2.673)
(6.012)
(1.784)
(744)
(4.554)
(1.022)
(1.354)
Effect of exchange rates
238
Net change in cash
Cash, beginning of year
Cash, end of year
304
1.816
$ 2.120
(90)
(364)
(148)
(16)
(4.496)
1.834
1.832
6.328
4.494
$ 1.816 $ 1.832 $ 6.328
48
(2.323)
6.817
$ 4.494
AMAZON
Profitability ratios
Gross profit margin
Net profit margin
Retun on equity
Return on assets
Formula
Gross profit / Net Sales
Net income / Net Sales
Net income / Average Shareholders' equity
Net income / Average total assets
2019
Ratio
41,0%
4,1%
21,9%
6,0%
2018
Ratio
40,2%
4,3%
28,3%
6,9%
2017
Ratio
37,1%
1,7%
12,9%
2,8%
2016
Ratio
35,1%
1,7%
14,5%
3,2%
2015
Ratio
33,0%
0,6%
4,9%
1,0%
Efficiency ratios
Receivable turnover
Inventory turnover
Total asset turnover
Net Sales / Average Accounts Receivables, Net
Cost of goods sold / Average inventory
Sales / Average total assets
14,96
8,79
1,45
15,61
8,38
1,58
16,54
8,14
1,66
19,44
8,13
1,84
19,00
7,73
1,79
Liquidity ratios
Current ratio
Quick ratio (acid test)
Current cash debt coverage
Ending current assets / Ending current liabilities
(Ending current assets - Ending inventory) / Ending current liabilities
Cash provided by operations / Average current liabilities
Solvency ratios
Debt to assets
Times interest earned
Cash debt coverage
Ending total liabilities / Ending total assets
Earnings before interest and taxes / Interest expense
Cash provided by operations / Average total liabilities
Notes
2015 much lower because smaller NI
Ebay
Profitability ratios
Gross profit margin
Net profit margin
Retun on equity (ROE)
Return on assets (ROA)
Formula
Gross profit / Net Sales
Net income / Net Sales
Net income / Average Shareholders' equity
Net income / Average total assets
Efficiency ratios
Receivable turnover
Inventory turnover
Total asset turnover
Net Sales / Average Accounts Receivables, Net
Cost of goods sold / Average inventory
Sales / Average total assets
Liquidity ratios
Current ratio
Quick ratio (acid test)
Current cash debt coverage
Ending current assets / Ending current liabilities
(Ending current assets - Ending inventory) / Ending current liabilities
Cash provided by operations / Average current liabilities
Solvency ratios
Debt to assets
Times interest earned
Cash debt coverage
Ending total liabilities / Ending total assets
Earnings before interest and taxes / Interest expense
Cash provided by operations / Average total liabilities
Ebay
Ebay
Ebay
Ebay
Ebay
2019
Ratio
76,8%
16,5%
39,0%
8,7%
2018
Ratio
77,8%
23,5%
35,3%
10,4%
2017
Ratio
76,8%
-10,6%
-10,9%
-4,1%
2016
Ratio
77,6%
80,9%
84,9%
34,9%
2015
Ratio
79,4%
20,1%
13,0%
5,5%
15,30
15,28
14,87
14,83
14,10
0,53
0,44
0,38
0,43
0,27
N/A? No inventory on B.S.
NOTE: Ebay does not seperately disclose interest expense and interest income but rather nets the
two amounts on its income statement. On its cash flow statement, it discloses "cash paid for
interest." Please use this number in calculating the "times interest earned" ratio.
Cash paid for interest
2017
$
285 million
2016
$
220 million
2015
$
175 million
Notes
0,9%
1,7%
Net Sales
A Net Sales
E Revenue
Size of eBay compare to Amazon
$
$
2017
177.866 $
9.567 $
5,4%
2016
135.987 $
8.979 $
6,6%
2015
107.006 $
8.592 $
8,0%
2014
88.988 $
8.790 $
9,9%
2013
74.452
8.257
11,1%
Gross Profit
A Gross Profit
E Gross Profit
Size of eBay compare to Amazon
$
$
2017
65.932 $
7.345 $
11,1%
2016
47.722 $
6.972 $
14,6%
2015
35.355 $
6.821 $
19,3%
2014
26.236 $
7.127 $
27,2%
2013
20.271
6.765
33,4%
Gross Profit Margin
A Gross Profit Margin
E Gross Profit Margin
2017
37,1%
76,8%
2016
35,1%
77,6%
2015
33,0%
79,4%
2014
29,5%
81,1%
2013
27,2%
81,9%
Year
2017
2016
2015
2014
2013
Year
2017
2016
2015
2014
2013
A Net Sales
$177.866
$135.987
$107.006
$ 88.988
$ 74.452
Growth
30,8%
27,1%
20,2%
19,5%
N/A
A Gross Profit
$
65.932
$
47.722
$
35.355
$
26.236
$
20.271
Growth
38,2%
35,0%
34,8%
29,4%
N/A
E Revenue
$ 9.567
$ 8.979
$ 8.592
$ 8.790
$ 8.257
Growth
6,5%
4,5%
-2,3%
6,5%
N/A
E Gross Profit
$
7.345
$
6.972
$
6.821
$
7.127
$
6.765
Growth
5,3%
2,2%
-4,3%
5,4%
N/A
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