Slide 1: Q3 2019 Financial Results Conference Call Slides
Q3 2019 Financial Results Conference Call Slides
Slide 2: Forward-looking statements
This presentation may contain forward-looking statements which are inherently difficult to predict. Actual results could differ materially for a variety of reasons, including fluctuations in foreign exchange rates, changes in global economic conditions and customer spending, world events, the rate o
Slide 3: Free Cash Flow -- TTM
MM Free Cash Flow -- TTM (1) (2) Up 53% Y/Y (3) Up 101% Y/Y Long-Term Goal – Optimize Free Cash Flows (1) Free cash flow is cash flow from operations reduced by “Purchases of property and equipment, net of proceeds from sales and incentives.” See Appendix for a reconciliation of operating cash flow
Slide 4: Free Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations -- TTM
Free Cash Flow Less Principal Repayments of Finance MM Leases and Financing Obligations -- TTM (1) (2) (3) Up 134% 101% Y/Y Long-Term Goal – Optimize Free Cash Flows (1) On January 1, 2019, we adopted accounting guidance amending the accounting for leases, which did not have a material impact on our
Slide 5: Free Cash Flow Less Equipment Finance Leases and Principal Repayments of All Other Finance Leases -- TTM
Free Cash Flow Less Equipment Finance Leases and Principal Repayments of All Other Finance Leases and Financing Obligations -- TTM (1) (2) (3) MM Down 94% Y/Y(3) Long-Term Goal – Optimize Free Cash Flows (1) On January 1, 2019, we adopted accounting guidance amending the accounting for leases, which
Slide 6: Shares: Efficiently Managing Dilution
Shares MM 507 511 Efficiently Managing Dilution 6
Slide 7: Net Sales
MM Net Sales Up 24% Y/Y, Up 25% F/X Adjusted (1) (1) Information regarding the effect of foreign exchange rates, versus the U.S. Dollar, on our net sales and operating income is provided to show reported period operating results had the foreign exchange rates remained the same as those in effect in
Slide 8: Net Sales – TTM
Net Sales – TTM MM Up 20% Y/Y; Up 22% F/X Adjusted 8
Slide 9: Operating Income
Operating Income MM Down 15% Y/Y; Down 16% F/X Adjusted 9
Slide 10: Operating Income – TTM
Operating Income – TTM MM Up 34% Y/Y; Up 32% F/X Adjusted 10
Slide 11: Net Income
MM $5,000 + $2,500 + $0 © $2,883 Q3 2018 Net Income Q4 2018 Down 26% Y/Y Q1 2019 Q2 2019 Q3 2019 1
Slide 12: Segment Results – North America
Segment Results – North America MM MM Sales Operating Income Up 24% Y/Y Down 37% Y/Y TTM Net Sales $161.2B 12
Slide 13: Segment Results – International
Segment Results – International MM Sales MM Operating Income (Loss) Up 18% Y/Y; Up 21% F/X Adjusted TTM Net Sales $71.7B 13
Slide 14: Segment Results – AWS
Segment Results – AWS MM MM Sales Operating Income Up 9%Y/Y; Up 35% Y/Y Up 6% F/X Adjusted TTM Net Sales $32.5B 14
Slide 15: Appendix
amazon Appendix
Slide 16: Free Cash Flow Reconciliation – TTM
Free Cash Flow Reconciliation – TTM Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 MM Operating Cash Flow $26,604 $30,723 $34,360 $36,029 $35,332 Purchases of property and equipment, net of proceeds from sales and incentives (11,239) (11,323) (11,316) (11,011) (11,868) Free Cash Flow $15,365 $19,400 $23,04
Slide 17: Free Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations Reconciliation – TTM
Free Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations Reconciliation – TTM (1) Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 MM Operating Cash Flow $26,604 $30,723 $34,360 $36,029 $35,332 Purchases of property and equipment, net of proceeds from sales and incentives (11,239)
Slide 18: Free Cash Flow Less Equipment Finance Leases and Principal Repayments Reconciliation – TTM
Free Cash Flow Less Equipment Finance Leases and Principal Repayments of All Other Finance Leases and Financing Obligations Reconciliation – TTM (1) Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 MM Operating Cash Flow $26,604 $30,723 $34,360 $36,029 $35,332 Purchases of property and equipment, net of proc