Key insights
7 takeaways · ~3 min read- 01Amazon's total capitalized costs for video and music content increased significantly from $10.7 billion as of December 31, 2021, to $15.2 billion as of June 30, 2022. Related expenses for video and music also rose from $3.1 billion in Q2 2021 to $3.7 billion in Q2 2022, and from $6.2 billion to $7.3 billion for the six months ended June 30, 2021 and 2022, respectively.
- 02Amazon expects net sales for Q3 2022 to be between $125.0 billion and $130.0 billion, representing a growth of 13% to 17% compared to Q3 2021. This projection includes an anticipated unfavorable impact of approximately 390 basis points from foreign exchange rates.
- 03Operating income for Q3 2022 is projected to be between $0 and $3.5 billion, a decrease compared to $4.9 billion in Q3 2021.
- 04Amazon's inventory valuation allowance (write-down of inventory) remained relatively stable, at $2.6 billion as of December 31, 2021, and $2.4 billion as of June 30, 2022.
- 05Customer receivables, net, increased from $20.2 billion as of December 31, 2021, to $21.6 billion as of June 30, 2022. The allowance for doubtful accounts also slightly increased from $1.1 billion to $1.2 billion during the same period.
- 06Amazon's cash, cash equivalents, and restricted cash at the end of the period was $40.667 billion as of June 30, 2022, an increase from $37.700 billion as of June 30, 2021.
- 07The company repurchased common stock totaling $3.334 billion in Q2 2022 and $6.000 billion for the six months ended June 30, 2022.
Summary
SEC 10-Q filing for Amazon, filed 2022-07-29.
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