Net sales and operating cash flow up considerably; net and operating income still taking big hits
Everyone's favorite online retailer turned tablet maker and content aggregator, Amazon, has just posted its Q1 2013 financial report. There's a whole lot of numbers to jump into here, so let's get to the quick breakdown first:
- Net sales of $16.07 billion, up a full 22-percent year-over-year
- Operating income of $181 million, down 6-percent y-o-y
- Net income of just $82 million, down sharply by 37-percent y-o-y
- Operating cash flow (for the trailing 12 months) of $4.25 billion, up 39-percent y-o-y
This seems to be the trend for Amazon as of late, boasting high quarterly sales year after year, but coming up a bit short at the bottom line. Over $16 billion in sales is a massive number, but among other reasons currency fluctuations are to blame for the decreasing net income. Regardless of what the income numbers look like, Amazon isn't slowing down any time soon. During the release it took time to remind us of its current initiatives.
Amazon is continually boosting its Prime Instant Video catalog, bringing TV shows from A&E, FX, PBS, HGTV and many more. It also debuted pilots for 14 original series, which are coming out of Amazon Studios. Aside from touting increased availability of the Kindle Fire HD 8.9" in several new countries, in typical Amazon fashion it didn't break out any sales or earnings for the devices. Rest assured that Amazon is likely selling a boatload of Kindles every quarter.
Source: Amazon (BusinessWire)