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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total net sales $ 96,145 $ 69,981 $ 260,509 $ 193,086
Operating expenses:        
Cost of sales 57,106 41,302 154,023 111,559
Fulfillment 14,705 10,167 40,043 28,040
Technology and content 10,976 9,200 30,691 26,191
Marketing 5,434 4,752 14,605 12,707
General and administrative 1,668 1,348 4,700 3,791
Other operating expense (income), net 62 55 421 136
Total operating expenses 89,951 66,824 244,483 182,424
Operating income 6,194 3,157 16,026 10,662
Interest income 118 224 455 621
Interest expense (428) (396) (1,233) (1,145)
Other income (expense), net 925 (353) 1,165 (215)
Total non-operating income (expense) 615 (525) 387 (739)
Income before income taxes 6,809 2,632 16,413 9,923
Provision for income taxes (569) (494) (2,298) (1,588)
Equity-method investment activity, net of tax 91 (4) (6) (15)
Net income $ 6,331 $ 2,134 $ 14,109 $ 8,320
Basic earnings per share (in usd per share) $ 12.63 $ 4.31 $ 28.24 $ 16.87
Diluted earnings per share (in usd per share) $ 12.37 $ 4.23 $ 27.72 $ 16.53
Weighted-average shares used in computation of earnings per share:        
Basic (in shares) 501 495 500 493
Diluted (in shares) 512 504 509 503
Product        
Total net sales $ 52,774 $ 39,726 $ 144,859 $ 109,866
Service        
Total net sales $ 43,371 $ 30,255 $ 115,650 $ 83,220