{"id":654505,"date":"2013-04-25T16:37:13","date_gmt":"2013-04-25T20:37:13","guid":{"rendered":"http:\/\/www.webpronews.com\/?p=226825"},"modified":"2013-04-25T16:37:13","modified_gmt":"2013-04-25T20:37:13","slug":"amazon-sales-up-22-to-16-07-billion-for-q1-profit-down","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/654505","title":{"rendered":"Amazon Sales Up 22% To $16.07 Billion For Q1, Profit Down"},"content":{"rendered":"

Amazon reported its Q1 earnings today with sales up 22% to $16.07 billion.<\/p>\n

Operating cash flow was up 39% year-over-year to $4.25 billion for the trailing twelve months. Free cash flow was down 85% to $177 million for the trailing twelve months. This includes purchases of corporate office space and property in Seattle. Operating income was down 6% to $181 million in the first quarter, compared with $192 million in first quarter of 2012. Net income decreased 37% to $82 million in the quarter.<\/p>\n

Amazon is excited about its original content business moving forward. <\/p>\n

CEO Jeff Bezos said, \u201cAmazon Studios is working on a new way to greenlight TV shows. The pilots are out in the open where everyone can have a say. I have my personal picks and so do members of the Amazon Studios team, but the exciting thing about our approach is that our opinions don\u2019t matter. Our customers will determine what goes into full-season production. We hope Amazon Originals can become yet another way for us to create value for Prime members.\u201d<\/p>\n

There is also talk of a pending Amazon ad network<\/a> that would take on the likes of Google and Facebook, not to mention set-top boxes<\/a>. <\/p>\n

Stock is up in after hours trading. <\/p>\n

Here’s the release in its entirety:<\/strong><\/p>\n

SEATTLE–(BUSINESS WIRE)–Apr. 25, 2013–\u00a0Amazon.com, Inc.\u00a0(NASDAQ:AMZN) today announced financial results for its first quarter ended\u00a0March 31, 2013.<\/p>\n

Operating cash flow increased 39% to\u00a0$4.25 billion\u00a0for the trailing twelve months, compared with\u00a0$3.05 billion\u00a0for the trailing twelve months ended\u00a0March 31, 2012. Free cash flow\u00a0decreased 85% to\u00a0$177 million\u00a0for the trailing twelve months, compared with\u00a0$1.15 billion\u00a0for the trailing twelve months ended\u00a0March 31, 2012. Free cash flow for the trailing twelve months ended\u00a0March 31, 2013includes fourth quarter 2012 cash outflows for purchases of corporate office space and property in\u00a0Seattle, Washington, of\u00a0$1.4 billion.<\/p>\n

Common shares outstanding plus shares underlying stock-based awards totaled 471 million on\u00a0March 31, 2013, compared with 464 million one year ago.<\/p>\n

Net sales increased 22% to\u00a0$16.07 billion\u00a0in the first quarter, compared with\u00a0$13.18 billion\u00a0in first quarter 2012. Excluding the\u00a0$302 million\u00a0unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales grew 24% compared with first quarter 2012.<\/p>\n

Operating income decreased 6% to\u00a0$181 million\u00a0in the first quarter, compared with\u00a0$192 million\u00a0in first quarter 2012. The unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating income was\u00a0$12 million.<\/p>\n

Net income decreased 37% to\u00a0$82 million\u00a0in the first quarter, or\u00a0$0.18\u00a0per diluted share, compared with\u00a0$130 million, or\u00a0$0.28\u00a0per diluted share, in first quarter 2012.<\/p>\n

\u201cAmazon Studios is working on a new way to greenlight TV shows. The pilots are out in the open where everyone can have a say,\u201d saidJeff Bezos, founder and CEO of\u00a0Amazon.com. \u201cI have my personal picks and so do members of the Amazon Studios team, but the exciting thing about our approach is that our opinions don\u2019t matter. Our customers will determine what goes into full-season production. We hope Amazon Originals can become yet another way for us to create value for Prime members.\u201d<\/p>\n

Highlights<\/strong><\/p>\n