Maybe they didn't stop re-investing all their profits. Whether Amazon keeps and re-invests all of its profit (as retained earnings) or returns it all to shareh

Maybe they didn't stop re-investing all their profits. Whether Amazon keeps and re-invests all of its profit (as retained earnings) or returns it all to shareholders, the reported net income number doesn't change. It seems like you would have to look at their balance sheet to answer this, not just their income statement.