The following forward-looking statements reflect Amazon.com’s expectations as of April 29, 2021, and are subject to substantial uncertainty. Our results are inherently unpredictable and may be materially affected by many factors, such as fluctuations in foreign exchange rates, changes in global economic conditions and customer spending, world events, the rate of growth of the Internet, online commerce, and cloud services, and the various factors detailed below. This guidance reflects our estimates as of April 29, 2021 regarding the impact of the COVID-19 pandemic on our operations, including those discussed above, and is highly dependent on numerous factors that we may not be able to predict or control, including: the duration and scope of the pandemic, including any recurrence; actions taken by governments, businesses, and individuals in response to the pandemic; the impact of the pandemic on global and regional economies and economic activity, workforce staffing and productivity, and our significant and continuing spending on employee safety measures; our ability to continue operations in affected areas; and consumer demand and spending patterns, as well as the effects on suppliers, creditors, and third-party sellers, all of which are uncertain. This guidance also assumes the impacts on consumer demand and spending patterns, including impacts due to concerns over the current economic outlook, will be in line with those experienced during the second quarter of 2021 to date, and the additional assumptions set forth below. However, it is not possible to determine the ultimate impact on our operations for the second quarter of 2021, or whether other currently unanticipated direct or indirect consequences of the pandemic are reasonably likely to materially affect our operations.
Second Quarter 2021 Guidance
- Net sales are expected to be between $110.0 billion and $116.0 billion, or to grow between 24% and 30% compared with second quarter 2020. This guidance anticipates a favorable impact of approximately 200 basis points from foreign exchange rates.
- Operating income is expected to be between $4.5 billion and $8.0 billion, compared with $5.8 billion in second quarter 2020. This guidance assumes approximately $1.5 billion of costs related to COVID-19.
- This guidance assumes that Prime Day occurs in second quarter 2021.
- This guidance assumes, among other things, that no additional business acquisitions, investments, restructurings, or legal settlements are concluded.
A conference call will be webcast live today at 2:30 p.m. PT/5:30 p.m. ET, and will be available for at least three months at amazon.com/ir. This call will contain forward-looking statements and other material information regarding the Company’s financial and operating results.
These forward-looking statements are inherently difficult to predict. Actual results could differ materially for a variety of reasons, including, in addition to the factors discussed above, the amount that Amazon.com invests in new business opportunities and the timing of those investments, the mix of products and services sold to customers, the mix of net sales derived from products as compared with services, the extent to which we owe income or other taxes, competition, management of growth, potential fluctuations in operating results, international growth and expansion, the outcomes of claims, litigation, government investigations, and other proceedings, fulfillment, sortation, delivery, and data center optimization, risks of inventory management, variability in demand, the degree to which the Company enters into, maintains, and develops commercial agreements, proposed and completed acquisitions and strategic transactions, payments risks, and risks of fulfillment throughput and productivity. Other risks and uncertainties include, among others, risks related to new products, services, and technologies, system interruptions, government regulation and taxation, and fraud. In addition, additional or unforeseen effects from the COVID-19 pandemic and the global economic climate may give rise to or amplify many of these risks. More information about factors that potentially could affect Amazon.com’s financial results is included in Amazon.com’s filings with the Securities and Exchange Commission (“SEC”), including its most recent Annual Report on Form 10-K and subsequent filings.
Our investor relations website is amazon.com/ir and we encourage investors to use it as a way of easily finding information about us. We promptly make available on this website, free of charge, the reports that we file or furnish with the SEC, corporate governance information (including our Code of Business Conduct and Ethics), and select press releases, which may contain material information about us, and you may subscribe to be notified of new information posted to this site.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.
AMAZON.COM, INC. Consolidated Statements of Cash Flows (in millions) (unaudited) |
|||||||||||||||
|
Three Months Ended
|
|
Twelve Months Ended
|
||||||||||||
|
2020 |
|
2021 |
|
2020 |
|
2021 |
||||||||
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
||||||||||||
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD |
$ |
36,410 |
|
|
$ |
42,377 |
|
|
$ |
23,507 |
|
|
$ |
27,505 |
|
| OPERATING ACTIVITIES: |
|
|
|
|
|
|
|
||||||||
| Net income |
2,535 |
|
|
8,107 |
|
|
10,563 |
|
|
26,903 |
|
||||
| Adjustments to reconcile net income to net cash from operating activities: |
|
|
|
|
|
|
|
||||||||
| Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other |
5,362 |
|
|
7,508 |
|
|
22,297 |
|
|
27,397 |
|
||||
| Stock-based compensation |
1,757 |
|
|
2,306 |
|
|
7,347 |
|
|
9,757 |
|
||||
| Other operating expense (income), net |
67 |
|
|
30 |
|
|
244 |
|
|
(108 |
) |
||||
| Other expense (income), net |
565 |
|
|
(1,456 |
) |
|
451 |
|
|
(4,603 |
) |
||||
| Deferred income taxes |
322 |
|
|
1,703 |
|
|
704 |
|
|
827 |
|
||||
| Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
||||||||
| Inventories |
1,392 |
|
|
(304 |
) |
|
(2,605 |
) |
|
(4,545 |
) |
||||
| Accounts receivable, net and other |
1,262 |
|
|
(2,255 |
) |
|
(6,018 |
) |
|
(11,686 |
) |
||||
| Accounts payable |
(8,044 |
) |
|
(8,266 |
) |
|
6,532 |
|
|
17,258 |
|
||||
| Accrued expenses and other |
(2,761 |
) |
|
(4,060 |
) |
|
(1,213 |
) |
|
4,455 |
|
||||
| Unearned revenue |
607 |
|
|
900 |
|
|
1,430 |
|
|
1,558 |
|
||||
| Net cash provided by (used in) operating activities |
3,064 |
|
|
4,213 |
|
|
39,732 |
|
|
67,213 |
|
||||
| INVESTING ACTIVITIES: |
|
|
|
|
|
|
|
||||||||
| Purchases of property and equipment |
(6,795 |
) |
|
(12,082 |
) |
|
(20,365 |
) |
|
(45,427 |
) |
||||
| Proceeds from property and equipment sales and incentives |
1,367 |
|
|
895 |
|
|
4,970 |
|
|
4,624 |
|
||||
| Acquisitions, net of cash acquired, and other |
(91 |
) |
|
(630 |
) |
|
(1,384 |
) |
|
(2,864 |
) |
||||
| Sales and maturities of marketable securities |
11,626 |
|
|
17,826 |
|
|
31,664 |
|
|
56,437 |
|
||||
| Purchases of marketable securities |
(15,001 |
) |
|
(14,675 |
) |
|
(39,938 |
) |
|
(72,153 |
) |
||||
| Net cash provided by (used in) investing activities |
(8,894 |
) |
|
(8,666 |
) |
|
(25,053 |
) |
|
(59,383 |
) |
||||
| FINANCING ACTIVITIES: |
|
|
|
|
|
|
|
||||||||
| Proceeds from short-term debt, and other |
617 |
|
|
1,926 |
|
|
1,934 |
|
|
8,105 |
|
||||
| Repayments of short-term debt, and other |
(631 |
) |
|
(2,001 |
) |
|
(1,860 |
) |
|
(7,547 |
) |
||||
| Proceeds from long-term debt |
76 |
|
|
111 |
|
|
842 |
|
|
10,560 |
|
||||
| Repayments of long-term debt |
(36 |
) |
|
(39 |
) |
|
(1,140 |
) |
|
(1,556 |
) |
||||
| Principal repayments of finance leases |
(2,600 |
) |
|
(3,406 |
) |
|
(10,013 |
) |
|
(11,448 |
) |
||||
| Principal repayments of financing obligations |
(17 |
) |
|
(67 |
) |
|
(43 |
) |
|
(103 |
) |
||||
| Net cash provided by (used in) financing activities |
(2,591 |
) |
|
(3,476 |
) |
|
(10,280 |
) |
|
(1,989 |
) |
||||
| Foreign currency effect on cash, cash equivalents, and restricted cash |
(484 |
) |
|
(293 |
) |
|
(401 |
) |
|
809 |
|
||||
| Net increase (decrease) in cash, cash equivalents, and restricted cash |
(8,905 |
) |
|
(8,222 |
) |
|
3,998 |
|
|
6,650 |
|
||||
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD |
$ |
27,505 |
|
|
$ |
34,155 |
|
|
$ |
27,505 |
|
|
$ |
34,155 |
|
| SUPPLEMENTAL CASH FLOW INFORMATION: |
|
|
|
|
|
|
|
||||||||
| Cash paid for interest on debt |
$ |
290 |
|
|
$ |
276 |
|
|
$ |
879 |
|
|
$ |
902 |
|
| Cash paid for operating leases |
1,029 |
|
|
1,640 |
|
|
3,680 |
|
|
5,086 |
|
||||
| Cash paid for interest on finance leases |
168 |
|
|
157 |
|
|
650 |
|
|
601 |
|
||||
| Cash paid for interest on financing obligations |
22 |
|
|
33 |
|
|
59 |
|
|
113 |
|
||||
| Cash paid for income taxes, net of refunds |
305 |
|
|
801 |
|
|
1,017 |
|
|
2,209 |
|
||||
| Assets acquired under operating leases |
2,408 |
|
|
3,536 |
|
|
9,403 |
|
|
17,345 |
|
||||
| Property and equipment acquired under finance leases |
2,166 |
|
|
2,067 |
|
|
13,262 |
|
|
11,489 |
|
||||
| Property and equipment acquired under build-to-suit arrangements |
379 |
|
|
887 |
|
|
1,304 |
|
|
2,775 |
|
||||
| AMAZON.COM, INC. Consolidated Statements of Operations (in millions, except per share data) (unaudited) |
|||||||
|
|
Three Months Ended
|
||||||
|
|
2020 |
|
2021 |
||||
|
|
|
|
|
||||
|
|
|
||||||
| Net product sales |
$ |
41,841 |
|
|
$ |
57,491 |
|
| Net service sales |
33,611 |
|
|
51,027 |
|
||
| Total net sales |
75,452 |
|
|
108,518 |
|
||
| Operating expenses: |
|
|
|
||||
| Cost of sales |
44,257 |
|
|
62,403 |
|
||
| Fulfillment |
11,531 |
|
|
16,530 |
|
||
| Technology and content |
9,325 |
|
|
12,488 |
|
||
| Marketing |
4,828 |
|
|
6,207 |
|
||
| General and administrative |
1,452 |
|
|
1,987 |
|
||
| Other operating expense (income), net |
70 |
|
|
38 |
|
||
| Total operating expenses |
71,463 |
|
|
99,653 |
|
||
| Operating income |
3,989 |
|
|
8,865 |
|
||
| Interest income |
202 |
|
|
105 |
|
||
| Interest expense |
(402 |
) |
|
(399 |
) |
||
| Other income (expense), net |
(406 |
) |
|
1,697 |
|
||
| Total non-operating income (expense) |
(606 |
) |
|
1,403 |
|
||
| Income before income taxes |
3,383 |
|
|
10,268 |
|
||
| Provision for income taxes |
(744 |
) |
|
(2,156 |
) |
||
| Equity-method investment activity, net of tax |
(104 |
) |
|
(5 |
) |
||
| Net income |
$ |
2,535 |
|
|
$ |
8,107 |
|
| Basic earnings per share |
$ |
5.09 |
|
|
$ |
16.09 |
|
| Diluted earnings per share |
$ |
5.01 |
|
|
$ |
15.79 |
|
| Weighted-average shares used in computation of earnings per share: |
|
|
|
||||
| Basic |
498 |
|
|
504 |
|
||
| Diluted |
506 |
|
|
513 |
|
||
| AMAZON.COM, INC. Consolidated Statements of Comprehensive Income (in millions) (unaudited) |
|||||||
|
|
Three Months Ended
|
||||||
|
|
2020 |
|
2021 |
||||
|
|
|
|
|
||||
|
|
|
||||||
| Net income |
$ |
2,535 |
|
|
$ |
8,107 |
|
| Other comprehensive income (loss): |
|
|
|
||||
| Foreign currency translation adjustments, net of tax of $21 and $13 |
(874 |
) |
|
(374 |
) |
||
| Net change in unrealized gains (losses) on available-for-sale debt securities: |
|
|
|
||||
| Unrealized gains (losses), net of tax of $12 and $30 |
(203 |
) |
|
(98 |
) |
||
| Reclassification adjustment for losses (gains) included in “Other income (expense), net,” net of tax of $0 and $4 |
— |
|
|
(14 |
) |
||
| Net unrealized gains (losses) on available-for-sale debt securities |
(203 |
) |
|
(112 |
) |
||
| Total other comprehensive income (loss) |
(1,077 |
) |
|
(486 |
) |
||
| Comprehensive income |
$ |
1,458 |
|
|
$ |
7,621 |
|
| AMAZON.COM, INC. Segment Information (in millions) (unaudited) |
|||||||
|
|
Three Months Ended
|
||||||
|
|
2020 |
|
2021 |
||||
|
|
|
|
|
||||
|
|
|
||||||
| North America |
|
|
|
||||
| Net sales |
$ |
46,127 |
|
|
$ |
64,366 |
|
| Operating expenses |
44,815 |
|
|
60,916 |
|
||
| Operating income |
$ |
1,312 |
|
|
$ |
3,450 |
|
|
|
|
|
|
||||
| International |
|
|
|
||||
| Net sales |
$ |
19,106 |
|
|
$ |
30,649 |
|
| Operating expenses |
19,504 |
|
|
29,397 |
|
||
| Operating income (loss) |
$ |
(398 |
) |
|
$ |
1,252 |
|
|
|
|
|
|
||||
| AWS |
|
|
|
||||
| Net sales |
$ |
10,219 |
|
|
$ |
13,503 |
|
| Operating expenses |
7,144 |
|
|
9,340 |
|
||
| Operating income |
$ |
3,075 |
|
|
$ |
4,163 |
|
|
|
|
|
|
||||
| Consolidated |
|
|
|
||||
| Net sales |
$ |
75,452 |
|
|
$ |
108,518 |
|
| Operating expenses |
71,463 |
|
|
99,653 |
|
||
| Operating income |
3,989 |
|
|
8,865 |
|
||
| Total non-operating income (expense) |
(606 |
) |
|
1,403 |
|
||
| Provision for income taxes |
(744 |
) |
|
(2,156 |
) |
||
| Equity-method investment activity, net of tax |
(104 |
) |
|
(5 |
) |
||
| Net income |
$ |
2,535 |
|
|
$ |
8,107 |
|
|
|
|
|
|
||||
| Segment Highlights: |
|
|
|
||||
| Y/Y net sales growth: |
|
|
|
||||
| North America |
29 |
% |
|
40 |
% |
||
| International |
18 |
|
|
60 |
|
||
| AWS |
33 |
|
|
32 |
|
||
| Consolidated |
26 |
|
|
44 |
|
||
| Net sales mix: |
|
|
|
||||
| North America |
61 |
% |
|
59 |
% |
||
| International |
25 |
|
|
28 |
|
||
| AWS |
14 |
|
|
13 |
|
||
| Consolidated |
100 |
% |
|
100 |
% |
||
| AMAZON.COM, INC. Consolidated Balance Sheets (in millions, except per share data) |
|||||||
|
|
December 31,
|
|
March 31,
|
||||
|
|
|
|
(unaudited) |
||||
| ASSETS |
|
|
|
||||
| Current assets: |
|
|
|
||||
| Cash and cash equivalents |
$ |
42,122 |
|
|
$ |
33,834 |
|
| Marketable securities |
42,274 |
|
|
39,436 |
|
||
| Inventories |
23,795 |
|
|
23,849 |
|
||
| Accounts receivable, net and other |
24,542 |
|
|
24,289 |
|
||
| Total current assets |
132,733 |
|
|
121,408 |
|
||
| Property and equipment, net |
113,114 |
|
|
121,461 |
|
||
| Operating leases |
37,553 |
|
|
39,328 |
|
||
| Goodwill |
15,017 |
|
|
15,220 |
|
||
| Other assets |
22,778 |
|
|
25,660 |
|
||
| Total assets |
$ |
321,195 |
|
|
$ |
323,077 |
|
| LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
||||
| Current liabilities: |
|
|
|
||||
| Accounts payable |
$ |
72,539 |
|
|
$ |
63,926 |
|
| Accrued expenses and other |
44,138 |
|
|
40,939 |
|
||
| Unearned revenue |
9,708 |
|
|
10,539 |
|
||
| Total current liabilities |
126,385 |
|
|
115,404 |
|
||
| Long-term lease liabilities |
52,573 |
|
|
53,067 |
|
||
| Long-term debt |
31,816 |
|
|
31,868 |
|
||
| Other long-term liabilities |
17,017 |
|
|
19,418 |
|
||
| Commitments and contingencies |
|
|
|
||||
| Stockholders’ equity: |
|
|
|
||||
| Preferred stock, $0.01 par value: |
|
|
|
||||
| Authorized shares — 500 |
|
|
|
||||
| Issued and outstanding shares — none |
— |
|
|
— |
|
||
| Common stock, $0.01 par value: |
|
|
|
||||
| Authorized shares — 5,000 |
|
|
|
||||
| Issued shares — 527 and 528 |
|
|
|
||||
| Outstanding shares — 503 and 504 |
5 |
|
|
5 |
|
||
| Treasury stock, at cost |
(1,837 |
) |
|
(1,837 |
) |
||
| Additional paid-in capital |
42,865 |
|
|
45,160 |
|
||
| Accumulated other comprehensive income (loss) |
(180 |
) |
|
(666 |
) |
||
| Retained earnings |
52,551 |
|
|
60,658 |
|
||
| Total stockholders’ equity |
93,404 |
|
|
103,320 |
|
||
| Total liabilities and stockholders’ equity |
$ |
321,195 |
|
|
$ |
323,077 |
|
| AMAZON.COM, INC. Supplemental Financial Information and Business Metrics (in millions, except per share data) (unaudited) |
||||||||||||||||||||
|
|
Q4 2019 |
Q1 2020 |
Q2 2020 |
Q3 2020 |
Q4 2020 |
Q1 2021 |
Y/Y %
|
|||||||||||||
| Cash Flows and Shares |
|
|
|
|
|
|
|
|||||||||||||
| Operating cash flow -- trailing twelve months (TTM) |
$ |
38,514 |
|
$ |
39,732 |
|
$ |
51,220 |
|
$ |
55,292 |
|
$ |
66,064 |
|
$ |
67,213 |
|
69 |
% |
| Operating cash flow -- TTM Y/Y growth |
25 |
% |
16 |
% |
42 |
% |
56 |
% |
72 |
% |
69 |
% |
N/A |
|
||||||
| Purchases of property and equipment, net of proceeds from sales and incentives -- TTM |
$ |
12,689 |
|
$ |
15,395 |
|
$ |
19,368 |
|
$ |
25,791 |
|
$ |
35,044 |
|
$ |
40,803 |
|
165 |
% |
| Principal repayments of finance leases -- TTM |
$ |
9,628 |
|
$ |
10,013 |
|
$ |
10,504 |
|
$ |
11,054 |
|
$ |
10,642 |
|
$ |
11,448 |
|
14 |
% |
| Principal repayments of financing obligations -- TTM |
$ |
27 |
|
$ |
43 |
|
$ |
56 |
|
$ |
68 |
|
$ |
53 |
|
$ |
103 |
|
140 |
% |
| Equipment acquired under finance leases -- TTM (1) |
$ |
12,916 |
|
$ |
12,209 |
|
$ |
11,952 |
|
$ |
11,116 |
|
$ |
9,104 |
|
$ |
8,936 |
|
(27 |
)% |
| Principal repayments of all other finance leases -- TTM (2) |
$ |
392 |
|
$ |
407 |
|
$ |
415 |
|
$ |
413 |
|
$ |
427 |
|
$ |
525 |
|
29 |
% |
| Free cash flow -- TTM (3) |
$ |
25,825 |
|
$ |
24,337 |
|
$ |
31,852 |
|
$ |
29,501 |
|
$ |
31,020 |
|
$ |
26,410 |
|
9 |
% |
| Free cash flow less principal repayments of finance leases and financing obligations -- TTM (4) |
$ |
16,170 |
|
$ |
14,281 |
|
$ |
21,292 |
|
$ |
18,379 |
|
$ |
20,325 |
|
$ |
14,859 |
|
4 |
% |
| Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations -- TTM (5) |
$ |
12,490 |
|
$ |
11,678 |
|
$ |
19,429 |
|
$ |
17,904 |
|
$ |
21,436 |
|
$ |
16,846 |
|
44 |
% |
| Common shares and stock-based awards outstanding |
512 |
|
513 |
|
517 |
|
518 |
|
518 |
|
519 |
|
1 |
% |
||||||
| Common shares outstanding |
498 |
|
499 |
|
501 |
|
502 |
|
503 |
|
504 |
|
1 |
% |
||||||
| Stock-based awards outstanding |
14 |
|
14 |
|
16 |
|
16 |
|
15 |
|
15 |
|
5 |
% |
||||||
| Stock-based awards outstanding -- % of common shares outstanding |
2.9 |
% |
2.8 |
% |
3.2 |
% |
3.3 |
% |
3.0 |
% |
2.9 |
% |
N/A |
|
||||||
| Results of Operations |
|
|
|
|
|
|
|
|||||||||||||
| Worldwide (WW) net sales |
$ |
87,437 |
|
$ |
75,452 |
|
$ |
88,912 |
|
$ |
96,145 |
|
$ |
125,555 |
|
$ |
108,518 |
|
44 |
% |
| WW net sales -- Y/Y growth, excluding F/X |
21 |
% |
27 |
% |
41 |
% |
36 |
% |
42 |
% |
41 |
% |
N/A |
|
||||||
| WW net sales -- TTM |
$ |
280,522 |
|
$ |
296,274 |
|
$ |
321,782 |
|
$ |
347,946 |
|
$ |
386,064 |
|
$ |
419,130 |
|
41 |
% |
| WW net sales -- TTM Y/Y growth, excluding F/X |
22 |
% |
23 |
% |
28 |
% |
31 |
% |
37 |
% |
40 |
% |
N/A |
|
||||||
| Operating income |
$ |
3,879 |
|
$ |
3,989 |
|
$ |
5,843 |
|
$ |
6,194 |
|
$ |
6,873 |
|
$ |
8,865 |
|
122 |
% |
| F/X impact -- favorable (unfavorable) |
$ |
16 |
|
$ |
63 |
|
$ |
111 |
|
$ |
133 |
|
$ |
142 |
|
$ |
107 |
|
N/A |
|
| Operating income -- Y/Y growth (decline), excluding F/X |
2 |
% |
(11 |
)% |
86 |
% |
92 |
% |
74 |
% |
120 |
% |
N/A |
|
||||||
| Operating margin -- % of WW net sales |
4.4 |
% |
5.3 |
% |
6.6 |
% |
6.4 |
% |
5.5 |
% |
8.2 |
% |
N/A |
|
||||||
| Operating income -- TTM |
$ |
14,541 |
|
$ |
14,109 |
|
$ |
16,868 |
|
$ |
19,905 |
|
$ |
22,899 |
|
$ |
27,775 |
|
97 |
% |
| Operating income -- TTM Y/Y growth (decline), excluding F/X |
16 |
% |
(6 |
)% |
11 |
% |
36 |
% |
54 |
% |
93 |
% |
N/A |
|
||||||
| Operating margin -- TTM % of WW net sales |
5.2 |
% |
4.8 |
% |
5.2 |
% |
5.7 |
% |
5.9 |
% |
6.6 |
% |
N/A |
|
||||||
| Net income |
$ |
3,268 |
|
$ |
2,535 |
|
$ |
5,243 |
|
$ |
6,331 |
|
$ |
7,222 |
|
$ |
8,107 |
|
220 |
% |
| Net income per diluted share |
$ |
6.47 |
|
$ |
5.01 |
|
$ |
10.30 |
|
$ |
12.37 |
|
$ |
14.09 |
|
$ |
15.79 |
|
215 |
% |
| Net income -- TTM |
$ |
11,588 |
|
$ |
10,563 |
|
$ |
13,180 |
|
$ |
17,377 |
|
$ |
21,331 |
|
$ |
26,903 |
|
155 |
% |
| Net income per diluted share -- TTM |
$ |
23.01 |
|
$ |
20.93 |
|
$ |
26.04 |
|
$ |
34.21 |
|
$ |
41.83 |
|
$ |
52.59 |
|
151 |
% |
