Consumer Discretionary
E-commerce
$2.22T
1.5M
Key insights and themes extracted from this filing
Amazon reported a 12% increase in net sales in 2023, reaching $574.785 billion. This growth was driven by increased unit sales, particularly by third-party sellers, advertising sales, and subscription services, along with the company's continued focus on price, selection, and convenience.
Operating income surged to $36.852 billion in 2023 from $12.248 billion in 2022. This improvement was primarily driven by increased unit sales and advertising sales, partially offset by higher shipping and fulfillment costs, and increased technology and infrastructure costs.
Cash flow from operating activities rose to $84.946 billion in 2023 from $46.752 billion in 2022. This increase was primarily due to higher net income and favorable changes in working capital.