Amazon Reports Q2 2012 Results: Net Sales Increased To $12.83B, Operating Incomes Was $107M, Net Income Decreased To $7M, $0.01 Per Diluted Share

Posted on Jul 26 2012 - 8:05pm by Editorial Staff

Amazon today reported its second quarter results, ended June 30, 2012. Net sales increased 29% to $12.83 billion in the second quarter, compared with $9.91 billion in second quarter 2011. Operating income was $107 million in the second quarter, compared with $201 million in second quarter 2011. Net income decreased 96% to $7 million in the second quarter, or $0.01 per diluted share, compared with net income of $191 million, or $0.41 per diluted share, in second quarter 2011.

Operating cash flow was $3.22 billion for the trailing twelve months, compared with $3.21 billion for the trailing twelve months ended June 30, 2011. Free cash flow decreased 40% to $1.10 billion for the trailing twelve months, compared with $1.83 billion for the trailing twelve months ended June 30, 2011.

“Amazon Prime is now the best bargain in the history of shopping – that is not hyperbole,” said Jeff Bezos, founder and CEO of Amazon.com. “We successfully launched Prime seven years ago with free unlimited two-day shipping on one million items. The price of annual membership was $79. Since then, Prime selection has grown to 15 million items.”

“We’ve also added 18,000 movies and TV episodes available for unlimited streaming. And we’ve added the Kindle Owners’ Lending Library – borrow 170,000 books for free with no due dates – it even includes all seven Harry Potter books,” Bezos added.

The company last traded at 220.01 +2.96 (1.36%).

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