Amazon Reports $416 Million 4Q Net Earnings
Amazon.com, Inc. (NASDAQ:AMZN) reported fourth quarter 2010 net income of $416 million, or $0.91 per diluted share, an 8% increase compared with net income of $384 million, or $0.85 per diluted share in the previous year period.
Amazon’s operating income decreased to $474 million in the fourth quarter, compared with $476 million in the same period of 2009 due to year-over-year changes in foreign exchange rates throughout the quarter.
Cash flow was $3.50 billion for the trailing twelve months, an increase of 6%, compared with $3.29 billion for the same 2009 period. Free cash flow decreased 14% to $2.52 billion for the trailing twelve months, compared with $2.92 billion for the year ago period.
Fourth quarter net sales increased 36% to $12.95 billion, compared with $9.52 billion same quarter of 2009.
Common shares outstanding totaled 465 million on December 31, 2010, compared with 461 million in 2009.
Amazon.com, Inc. (NASDAQ:AMZN) full year 2010 net sales were $34.20 billion, a 40% increase, compared with $24.51 billion full year net sales in 2009. The negative impact of year-over-year changes in foreign exchange rates on net sales was $86 million.
Full year net income was $1.15 billion in 2010, or $2.53 per share, an increase of 28% compared with net income of $902 million, or $2.04 per diluted share, in 2009.
Current first quarter 2011 Amazon guidance expects net sales to be between $9.1 billion and $9.9 billion or to grow between 28% and 39% compared with first quarter 2010.
First quarter operating income is expected to be between $260 million and $385 million, or between a 34% decrease and 2% decrease compared with the first quarter of 2010.