AMAZON 12/31/16 12/31/17

US DOLLAR ($)

INCOME STATEMENT
Revenue 135,987,000,000.00 177,866,000,000.00
Cost of Revenue 88,265,000,000.00 111,934,000,000.00
Gross Profit 47,722,000,000.00 65,932,000,000.00
R&D Expenses 16,085,000,000.00 22,620,000,000.00
SG&A Expenses 27,284,000,000.00 38,992,000,000.00
Operating Income 4,186,000,000.00 4,106,000,000.00
Interest Expense (Operating) 484,000,000.00 848,000,000.00
Non-operating Income/Expense (211,000,000.00) (86,000,000.00)
Non-operating Interest Expenses 100,000,000.00 202,000,000.00
EBT 3,892,000,000.00 3,806,000,000.00
Income Tax Provision 1,425,000,000.00 769,000,000.00
Income after Tax 2,467,000,000.00 3,037,000,000.00
Share of Subsidiary Earnings (96,000,000.00) (4,000,000.00)
Net Income Common 2,371,000,000.00 3,033,000,000.00

EBITDA 10,406,000,000.00 13,517,000,000.00

EBIT 8,706,000,000.00 4,106,000,000.00

Balance Sheet
Cash and Short Term Investments 26,581,000,000.00 32,321,000,000.00
Receivables 7,739,000,000.00 11,829,000,000.00
Inventory 11,461,000,000.00 16,047,000,000.00
Total current assets 45,781,000,000.00 60,197,000,000.00
Property, Plant, Equpment (Net) 29,114,000,000.00 48,866,000,000.00
Long-Term Investments 715,000,000.00 1,400,000,000.00
Goodwill and Intangible Assets (Total) 4,638,000,000.00 16,721,000,000.00
Long Term Assets (Tax, Deferred)
Long-term assets (Other) 2,700,000,000.00 4,126,000,000.00
Total non-current assets 37,621,000,000.00 71,113,000,000.00
Total Assets 86,022,000,000.00 131,310,000,000.00
Accounts Payable 25,309,000,000.00 34,616,000,000.00
Accrued Expenses 13,739,000,000.00 18,170,000,000.00
Current Part of Debt 5,197,000,000.00 6,182,000,000.00
Other current liabilities 13,310,000,000.00 17,085,000,000.00
Total current liabilities 43,816,000,000.00 57,883,000,000.00
Long Term Debt (Total) 15,213,000,000.00 37,926,000,000.00
Non-current Revenue (Deferred) 499,000,000.00 1,000,000,000.00
Long Term Tax Liability (Deferred) (62,000,000.00) 990,000,000.00
Non-current Liabilities (Other) 4,197,000,000.00 5,802,000,000.00
Total non-current liabilities 20,301,000,000.00 45,718,000,000.00
Total liabilities 66,737,000,000.00 103,601,000,000.00
Additional Paid In Capital 17,186,000,000.00 21,389,000,000.00
Common Stock (Net) 5,000,000.00 5,000,000.00
Retained Earnings 4,916,000,000.00 8,636,000,000.00
Treasury Stock 1,837,000,000.00 1,837,000,000.00
Common Equity (Total) 19,285,000,000.00 27,709,000,000.00
Shareholders Equity (Total) 19,285,000,000.00 27,709,000,000.00
Shareholders Equity and Liabilities (Total) 83,402,000,000.00 131,310,000,000.00

INCOME STATEMENT ANALISIS HORIZONTAL

INCOME STATEMENT Analisis Vertical

Balance Sheet ANALISIS HORIZONTAL

Balance Sheet ANALISIS Vertical

 12/31/18 12/31/19 12/31/20

FRANCISCO MUÑOZ
20200053
232,887,000,000.00 280,522,000,000.00 386,064,000,000.00
139,156,000,000.00 165,536,000,000.00 233,307,000,000.00
93,731,000,000.00 114,986,000,000.00 152,757,000,000.00
28,837,000,000.00 35,931,000,000.00 42,740,000,000.00
52,177,000,000.00 64,313,000,000.00 87,193,000,000.00
12,421,000,000.00 14,541,000,000.00 22,899,000,000.00
1,417,000,000.00 1,600,000,000.00 1,647,000,000.00
(217,000,000.00) (20,000,000.00) (554,000,000.00)
440,000,000.00 832,000,000.00 555,000,000.00
11,261,000,000.00 13,976,000,000.00 24,178,000,000.00
1,197,000,000.00 2,374,000,000.00 2,863,000,000.00
10,064,000,000.00 11,602,000,000.00 21,315,000,000.00
9,000,000.00 (14,000,000.00) 16,000,000.00
10,073,000,000.00 11,588,000,000.00 21,331,000,000.00

25,330,000,000.00 30,457,000,000.00 39,572,000,000.00

25,434,000,000.00 29,484,000,000.00 45,648,000,000.00

41,676,000,000.00 55,342,000,000.00 84,653,000,000.00

16,251,000,000.00 20,495,000,000.00 24,285,000,000.00
17,174,000,000.00 20,497,000,000.00 23,795,000,000.00
75,101,000,000.00 96,334,000,000.00 132,733,000,000.00
61,797,000,000.00 97,846,000,000.00 150,667,000,000.00
1,517,000,000.00 711,000,000.00 3,022,000,000.00
18,658,000,000.00 18,803,000,000.00 19,998,000,000.00

5,575,000,000.00 11,554,000,000.00 14,775,000,000.00

87,547,000,000.00 128,914,000,000.00 188,462,000,000.00
162,648,000,000.00 225,248,000,000.00 321,195,000,000.00
38,192,000,000.00 47,183,000,000.00 72,539,000,000.00
23,663,000,000.00 32,439,000,000.00 44,138,000,000.00
9,502,000,000.00 14,330,000,000.00 16,115,000,000.00
20,697,000,000.00 26,299,000,000.00 37,731,000,000.00
68,391,000,000.00 87,812,000,000.00 126,385,000,000.00
39,787,000,000.00 63,205,000,000.00 84,389,000,000.00
1,400,000,000.00 2,000,000,000.00 1,900,000,000.00
1,490,000,000.00 796,000,000.00 (554,000,000.00)
8,031,000,000.00 10,171,000,000.00 15,117,000,000.00
50,708,000,000.00 75,376,000,000.00 101,406,000,000.00
119,099,000,000.00 163,188,000,000.00 227,791,000,000.00
26,791,000,000.00 33,658,000,000.00 42,865,000,000.00
 5,000,000.00 5,000,000.00 5,000,000.00
19,625,000,000.00 31,220,000,000.00 52,551,000,000.00
1,837,000,000.00 1,837,000,000.00 1,837,000,000.00
43,549,000,000.00 62,060,000,000.00 93,404,000,000.00
43,549,000,000.00 62,060,000,000.00 93,404,000,000.00
162,648,000,000.00 225,248,000,000.00 321,195,000,000.00
 RAZONES DE RENTABILIDAD

2016 2017 2018 2019

Margen Bruto 35.09% 37.07% 40.25% 40.99%
Margen EBITDA 7.65% 7.60% 10.88% 10.86%
Margen EBIT 6.40% 2.31% 10.92% 10.51%
Margen Neto 1.74% 1.71% 4.33% 4.13%
Tasa Impuestos Efectiva 57.76% 25.32% 11.89% 20.46%
Return on Assets 2.76% 2.31% 6.19% 5.14%
Return on Equity 12.29% 10.95% 23.13% 18.67%

RAZONES DE EFICIENCIA

2016 2017 2018 2019

Rotacion de activos 1.5808 1.3546 1.4318 1.2454
Rotacion de inventario 7.7013 6.9754 8.1027 8.0761
Rotacion de inventario (dias) 47.3944 52.3269 45.0466 45.1950
Rotacion de cuentas por cobrar 17.5717 15.0364 14.3306 13.6873
Rotacion de cuentas por cobrar (dias) 20.7721 24.2744 25.4699 26.6670
Rotacion de cuentas por pagar 3.4875 3.2336 3.6436 3.5084
Rotacion de cuentas por pagar (dias) 104.6597 112.8776 100.1759 104.0366
Ciclo de conversion de caja -36.4932 -36.2764 -29.6594 -32.1745

RAZONES DE LIQUIDEZ

2016 2017 2018 2019

Solvencia 1.0448 1.0400 1.0981 1.0970
Prueba de acido 0.7833 0.7627 0.8470 0.8636
Cash Ratio 0.6067 0.5584 0.6094 0.6302
Razon de cobertura Defensiva 288.8423 261.5521 260.9840 276.1313

RAZONES DE APALANCAMIENTO

2016 2017 2018 2019

Endeudamiento 0.7758 0.7890 0.7323 0.7245
Pasivo a capital 0.7889 1.3687 0.9136 1.0184
Cobertura de interes 17.9876 4.8420 17.9492 18.4275
Deuda a EBITDA 1.4619 2.8058 1.5707 2.0752
Apalancamiento 4.4606 4.7389 3.7348 3.6295
 2020
39.57%
10.25%
11.82%
5.53%
13.43%
6.64%
22.84%

2020
1.2020
9.8049
37.2264
15.8972
22.9600
3.2163
113.4845
-53.2982

2020
1.0502
0.8620
0.6698
306.0221

2020
0.7092
0.9035
27.7158
2.1325
3.4388