Seattle based Amazon.com, a fortune 500 company announced financial results for its first quarter ended March 31, 2006.
Operating cash flow grew 38 percent to $724 million for the trailing twelve months, compared with $523 million for the trailing twelve months ended March 31, 2005.
Free cash flow grew 20 percent to $501 million for the trailing twelve months, compared with $417 million for the trailing twelve months ended March 31, 2005.
Operating cash flow and free cash flow include a one-time payment of $40 million in connection with a patent lawsuit settlement in third quarter 2005.
Common shares outstanding plus shares underlying stock-based awards outstanding totaled 438 million at March 31, 2006, compared with 434 million a year ago.
Net sales increased 20 percent to $2.28 billion in the first quarter, compared with $1.90 billion in first quarter 2005.
Excluding the $94 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales grew 25 percent compared with first quarter 2005.
Operating income decreased 2 percent to $106 million in the first quarter, compared with $108 million in first quarter 2005. Excluding the $8 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, operating income grew 6 percent compared with first quarter 2005.
Second Quarter 2006 Guidance - Net sales are expected to be between $2.03 billion and $2.18 billion, or to grow between 16 percent and 24 percent compared with second quarter 2005.
marketing@alchempro.com
