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> People really need to get off of the "income analysis" trope with Amazon. What does this have to do with the article? Percentage margins aren't mentioned any
by nwellnhof 8y ago
> People really need to get off of the "income analysis" trope with Amazon.
What does this have to do with the article? Percentage margins aren't mentioned anywhere. It mostly talks about absolute dollar operating income which, unlike GAAP income, isn't too different from free cash flow. For example: "Operating income for AWS was $7.29 billion in 2018, up from $4.31 billion in 2017. [...] And AWS is the lion's share of Amazon's operating income: Nearly 58% in the fourth quarter of 2018, and nearly 59% for the full year." So AWS is certainly a major driver for Amazon's free cash flow.