Access EDGAR online (SEC.gov) and locate the 2016 10-K report of Amazon.com (ticker: AMZN) filed on February 10, 2017. Review its reported for years ended 2016, 2015, and 2014 to answer the following questions.
Required
1. What are the amounts of Amazon’s net income or net loss reported for each of these three years?
2. Do Amazon’s operating activities provide cash or use cash for each of these three years? See the statement of cash flows.
3. If Amazon has 2016 net income of $2,371 million and 2016 operating cash flows of $16,443 million, how is it possible that itscash balance at December 31, 2016, increases by only $3,444 million relative to its balance at December 31, 2015?
