How many libraries are now ordering books via Amazon, any idea?
Print? Electronic?
---------- Forwarded message ----------
From: Gary Price <[log in to unmask]>
Date: Thu, Jan 30, 2014 at 4:22 PM
Full Text Here:
http://phx.corporate-ir.net/phoenix.zhtml?c=176060&p=irol-newsArticle&ID=1895491&highlight=
and below.
Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for
its fourth quarter ended December 31, 2013.
Operating cash flow increased 31% to $5.47 billion for the trailing
twelve months, compared with $4.18 billion for the trailing twelve
months ended December 31, 2012. Free cash flow increased to $2.03
billion for the trailing twelve months, compared with $395 million for
the trailing twelve months ended December 31, 2012. Free cash flow for
the trailing twelve months ended December 31, 2012 includes fourth
quarter cash outflows for purchases of corporate office space and
property in Seattle, Washington, of $1.4 billion.
Common shares outstanding plus shares underlying stock-based awards
totaled 476 million on December 31, 2013, compared with 470 million
one year ago.
Fourth Quarter 2013
Net sales increased 20% to $25.59 billion in the fourth quarter,
compared with $21.27 billionin fourth quarter 2012. Excluding the $258
million unfavorable impact from year-over-year changes in foreign
exchange rates throughout the quarter, net sales grew 22% compared
with fourth quarter 2012.
Operating income increased 26% to $510 million in the fourth quarter,
compared with $405 million in fourth quarter 2012. The favorable
impact from year-over-year changes in foreign exchange rates
throughout the quarter on operating income was $7 million.
Net income increased to $239 million in the fourth quarter, or $0.51
per diluted share, compared with $97 million, or $0.21 per diluted
share, in fourth quarter 2012.
"It's a good time to be an Amazon customer. You can now read your
Kindle gate-to-gate, get instant on-device tech support via our
revolutionary Mayday button, and have packages delivered to your door
even on Sundays," said Jeff Bezos, founder and CEO ofAmazon.com. "In
just the last weeks, Forrester, YouGov, and ForeSee have all
rankedAmazon #1 - and we believe we're just scratching the surface of
what world-class customer service can be."
Full Year 2013
Net sales increased 22% to $74.45 billion, compared with $61.09
billion in 2012. Excluding the $1.28 billion unfavorable impact from
year-over-year changes in foreign exchange rates throughout the year,
net sales grew 24% compared with 2012.
Operating income increased 10% to $745 million, compared with $676
million in 2012. The unfavorable impact from year-over-year changes in
foreign exchange rates throughout the year on operating income was $29
million.
Net income was $274 million, or $0.59 per diluted share, compared with
net loss of $39 million, or $0.09 per diluted share, in 2012.
Highlights
Amazon announced a record-setting holiday season for Amazon Prime, the
annual membership program with tens of millions of members worldwide.
Amazon is working hard to increase capacity for the Prime program. In
December, Prime was so popular that Amazon limited new Prime
membership signups during peak periods. Prime Instant Video selection
increased from 33,000 to more than 40,000 movies and TV episodes in
2013.
Selection in the Kindle Owners' Lending Library in 2013 grew from
250,000 books to more than 475,000 books-books that Kindle owners with
a Prime membership can borrow for free with no due dates. Amazon
worked with the FAA to update its rules on the use of electronic
devices on planes and now over 20 airlines allow customers to use
their Kindles gate-to-gate. Amazon announced that on Christmas Day,
the average response time when a customer tapped the Mayday button on
Kindle Fire HDX was just 9 seconds, faster than the response time goal
of 15 seconds. Thousands of Mayday Tech Advisors in the U.S. were
available on Christmas Day to take calls from customers. Amazon
announced a new version of Kindle FreeTime on Kindle Fire tablets that
brings new educational features built from the ground up for parents
and kids. The new features let parents set educational goals for their
kids before switching to cartoons or games. Parents can also manage
screen time with additional Time Limits features: set different limits
for weekends vs. weekdays, and use "Bedtime" to set acurfew.
Amazon announced a software update for the new Kindle Paperwhite that
brings exclusive features including Goodreads integration and Kindle
FreeTime. Amazon launched the Australian Kindle Store, offering over 2
million eBooks, including more than 400,000 Kindle-exclusive titles.
Amazon launched Kindle MatchBook, a new benefit that gives customers
the option to buy - for $2.99, $1.99, $0.99 or free - the Kindle
edition of the print books they have purchased from Amazon, including
more than 100,000 titles.
Since its launch one year ago, Amazon AutoRip has delivered more than
2 billion digital music tracks to customers who have purchased AutoRip
albums. The digital copy is automatically added to the customer's
Cloud Player library where it is available, free of charge, for
immediate playback or download.
Amazon Instant Video announced it is working with the world's leading
consumer electronics companies, top Hollywood studios and TV
programmers, including Samsung, Warner Bros., Lionsgate, 20th Century
Fox, Discovery and others to offer customers a premium 4K Ultra HD
experience. In addition, Amazon Studios announced that it plans to
shoot all 2014 full original series, including comedies and dramas, in
4K Ultra HD.
Amazon Studios debuted new original series Alpha House and Betas. The
first three episodes are available for all customers to enjoy, with
the remaining episodes available exclusively on Prime Instant Video.
Amazon Prime Instant Video will be the exclusive premium subscription
home for Extant, a serialized drama starring Halle Berry and produced
by Steven Spielberg's Amblin Television. The drama will premiere on
the CBS Television Network in June with unlimited streaming of all the
series' episodes available four days after their initial broadcast on
CBS.
Amazon launched AmazonSmile, a new program that makes it easy for
customers to support their favorite charitable organizations every
time they shop. Customers who visit AmazonSmile (smile.amazon.com)
will find the exact same Amazon they know and love, with the added
bonus that Amazon will donate a portion of the purchase price to their
favorite charitable organization. There is no cap on the total
donation amount and customers can choose from nearly one million
organizations around the country.
During the quarter, Amazon Web Services (AWS) announced over 100 new
services and features, including Amazon AppStream, Amazon Kinesis, and
three new Amazon Elastic Compute Cloud (Amazon EC2) instances. AWS now
offers six Amazon EC2 instance families with 13 instance types to
support a wide range of use-cases.
AWS announced Amazon WorkSpaces, a fully managed desktop computing
service in the cloud that allows end-users to access the documents,
applications and resources they need with the device of their choice,
including laptops, iPad, Kindle Fire, and Android tablets. The AWS
partner Network program, which provides technical, business and
marketing support for the AWS partner ecosystem, has grown to more
than 8,000 technology and consulting partners worldwide. In addition,
AWS Marketplace now offers over 1,100 third-party software products
for customers to choose from. AWS announced the upcoming launch of
its China Region. This will be the fourth AWS Region in Asia Pacific
and the tenth Region globally.
Financial Guidance
The following forward-looking statements reflect Amazon.com's
expectations as of January 30, 2014, 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 consumer
spending, world events, the rate of growth of the Internet and online
commerce, and the various factors detailed below.
First Quarter 2014 Guidance
Net sales are expected to be between $18.2 billion and $19.9 billion,
or to grow between 13% and 24% compared with first quarter 2013.
Operating income (loss) is expected to be between $(200) million and
$200 million, compared to $181 million in first quarter 2013. This
guidance includes approximately $350 million for stock-based
compensation and amortization of intangible assets, and it assumes,
among other things, that no additional business acquisitions,
investments, restructurings, or legal settlements are concluded and
that there are no further revisions to stock based compensation
estimates.
A conference call will be webcast live today at 2 p.m. PT/5 p.m. ET,
and will be available for at least three months at www.amazon.com/ir.
This call will contain forward-looking statements and other material
information.
Gary D. Price, MLIS
Co-Founder and Editor, Library Journal's INFOdocket.com
Co-Founder and Editor, FullTextReports.com
Information Industry Analyst
Librarian
http://INFOdocket.com
http://FullTextReports.com
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