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Net sales at Amazon soar 22% in Q4
01
Feb '16
Net sales at Amazon, the world's biggest online retailer soared 22 per cent to $35.7 billion in the fourth quarter of 2015, compared with $29.3 billion in fourth quarter 2014.

As per an Amazon press release, excluding the $1.2 billion unfavourable impact from year-over-year changes in foreign exchange rates in the quarter, net sales increased 26 per cent year over year.”

In the reporting quarter, operating income drove up 88 per cent to $1.1 billion as against operating income of $591 million in the year ago quarter.

Net income amounted to $482 million in the fourth quarter of 2015 or $1.00 per diluted share, vis-a-vis $214 million, or $0.45 per diluted share in fourth quarter of prior year.

“For full year 2015, net sales rose slower at 20 per cent to $107.0 billion, compared with $89.0 billion in 2014,” Amazon added in the press release.

Excluding the $5.2 billion unfavourable impact from year-over-year changes in foreign exchange rates throughout the year, net sales surged 26 per cent as against its previous year.

In the reporting year, operating income stood at $2.2 billion compared with operating income of $178 million in 2014.

In 2015, Amazon reported a turnaround in net income, which totaled to $596 million or $1.25 per diluted share, compared with net loss of $241 million, or $0.52 per diluted share in 2014.

Operating cash flow grew 74 per cent to $11.9 billion for the trailing twelve months versus $6.8 billion for the trailing twelve months ended December 31, 2014.

Free cash flow drove up to $7.3 billion for the trailing twelve months as against $1.9 billion for the trailing twelve months ended December 31, 2014.

Free cash flow less lease principal repayments increased to $4.7 billion for the trailing twelve months vis-à-vis $529 million for the trailing twelve months ended December 31, 2014.

Common shares outstanding plus shares underlying stock-based awards totaled 490 million on December 31, 2015, compared with 483 million on the same day one year ago.

“Twenty years ago, I was driving the packages to the post office myself and hoping we might one day afford a forklift,” Jeff Bezos, founder and CEO of Amazon said.

“This year, we pass $100 billion in annual sales and serve 300 million customers and measured by the dynamism in the marketplace and by the ever-expanding opportunities it feels every bit like day one,” he stated. (AR)

Fibre2Fashion News Desk – India

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