Amazon.com, Inc.’s financial statements are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. Instructions for accessing and using the complete annual reports of Amazon and Wal-Mart, including the notes to the financial statements, are also provided in Appendices D and E, respectively.
(a) Based on the information contained in these financial statements, determine the following for each company.
(1) Net cash used for investing (investment) activities for the current year (from the statement of cash flows).
(2) Cash used for business acquisitions, net of cash acquired during the current year.
(b) Each of Amazon’s financial statements is labeled “consolidated.” What has been consolidated?
That is, from the contents of Amazon’s annual report, identify by name the corporations that have been consolidated (parent and subsidiaries).