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Amazon Reports $7M Loss In Q2

Amazon.com, Inc. reported a net loss of $7 million for the second quarter of 2013, compared with net income of $7 million, for the comparable year-earlier period. The company’s operating income also saw a decline to $79 million in the second quarter, compared with $107 million in second quarter 2012, a 26% drop. Amazon cited the unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating income, which was $18 million.

On the plus side, Amazon’s set sales increased 22% to $15.70 billion in the second quarter, compared with $12.83 billion in second quarter of 2012. Excluding the $392 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales grew 25% compared with second quarter 2012.

“We’re so grateful to our customers for their response to Kindle devices and our digital ecosystem. This past quarter, our top 10 selling items worldwide were all digital products – Kindles, Kindle Fire HDs, accessories and digital content,” said Jeff Bezos, founder and CEO of Amazon.com. “The Kindle service keeps getting better. The Kindle Store now offers millions of titles including more than 350,000 exclusives.”

The company’s operating cash flow increased 41% to $4.53 billion for the trailing twelve months, compared with $3.22 billion for the trailing twelve months ended June 30, 2012. Free cash flow decreased 76% to $265 million for the trailing twelve months, compared with $1.10 billion for the trailing twelve months ended June 30, 2012. Free cash flow for the trailing twelve months ended June 30, 2013 includes fourth quarter 2012 cash outflows for purchases of corporate office space and property in Seattle, Washington, of $1.4 billion.


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