Amazon.com, Inc.'s financial statements are presented in Appendix D. Click here to view Appendix D. Financial statements of Walmart, Inc. are presented in Appendix E. Click here to view Appendix E. The complete annual reports of Amazon and Walmart, including the notes to the financial statements, are av respective website. (a) Based on the information contained in these financial statements, compute free cash flow for each compar millions. Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Amazon Walmart Free cash flow $ $ eTextbook and Media be Maps Appendix D Gmail Nove Specimen Financial Statements: Amazon.com, Inc. Amazon.com, Inc. is the world's largest online retailer. It also produces consumer electronics-notably the Kindle e-book reader and the Kindle Fire Tablet computer-and is a major provider of dood computing services. The following are Amazon's financial statements as presented in the company's 2018 annual report. The complete anal report, including notes to the financial statements, is available at the compaso's website Amazon.com, Inc. Consolidated Statements of Cash Flows (in millions) Year Ended December 31, 2016 2017 2018 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD OPERATING ACTIVITIES Net Income $16,175 $10.034 2371 3033 073 Adjustments to reconelle net income to net cash from operating activi Depreciation of property and equipment and other amortization, including capitaland contest costs 5016 11,475 15341 Stock-based compensation 2.975 4.215 5-410 Other operating expense, net 200 274 Other expense (none) bet (20) (292) 219 Deferred income taxes (246) (20) 411 Changes in operating assets and liabilities Iwatories (349) (350) (134) Accounts receivable, net and other Accounts payable Accrued expenses and other Unearned revenue Net cash provided by (and in) operating activities INVESTING ACTIVITES furity and equipment (1436) (4.70) (661) sego 100 300 24 472 955 419 17303 30303 (50) Le (1955) 00-427) 2.104 C 0 791 6004 Changes in opermING AMELS ADA HAMARAS Inventories Accounts receivable, net and other Accts payable Accrued expenses and other Unearned revenue Net cash provided by (used in) operating activities INVESTING ACTIVITIES Purchases of property and equipment Proceeds from property and equipment incentives Acquisitions, net of cash acquired, and other Sales and maturities of marketable securities Purchases of marketable securities Net cash provided by (used in) investing activities FINANCING ACTIVITIES Proceeds from long-term debt and other Repayments of long-term debt and other Principal repayments of capital lease obligations Principal repayments of finance lease obligations (1426) (3.583) (1314) (3-436) (4.780) (4,615) 5.030 7,400 3.263 1724 283 472 1955 738 17,203 8.365 30,723 (7804) (1955) (13.427) 1067 1807 2,304 (116) (13972) (2.486) 4.577 8240 (7240) (12,731) (7190) (0.316) (27.084) (12.309) 648 16.228 768 (327) 0x300) (668) (860) (4.700) (7.440) (42) (200) (237) Net ooh provided by (used in) financing activities (3.716) 0.025 (7,686) Foenign curry effect on cash, cash equivalents, and restricted cash (212) 731 (51) Net increase (decrease) in cash, cash equivalents, and restricted cash 1922 10317 CASH. CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD $10.903 $1850 $32173 SUPPLEMENTAL CASH FLOW INFORMATION Cash paid for interest on long-term debt $290 $854 Cash paid for interest on capital and finance lease obligations 200 319 575 Cash paid for income taxes, set of refunds 42 957 1384 Property and equipement acquired under capital leases 5704 0.007 10,615 Pony equipment acquired sander build-to-suit leases 1200 3541 3641 Repayments of long-term debt and other Principal repayments of capital lease obligations Principal repayments of finance lease obligations Net cash provided by (used in) financing activities Foreign currency effect on cash, cash equivalents, and restricted cash Net Increase (decrease) in cash, cash equivalents, and restricted cash CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on long-term debt Cash paid for interest on capital and finance lease obligations Cash paid for income taxes, net of refunds Property and equipment acquired under capital leases Property and equipment acquired under build-to-sult leases See accompanying notes to consolidated financial statements Amazon.com, Inc. Consolidated Statements of Operations (in millions, except per share data) (327) (1301) (668) (3.860) (4.799) (7,449) (147) (200) (337) (3.716) 9.908 (7,686) (212) 213 (35) 3.759 1922 10,317 $19.934 $21.896 $38373 $ 290 $328 $854 206 319 375 957 1,184 5.704 9.037 10,615 1,209 3.5 3641 412 Year Ended December 31, 2017 2016 2018 Net product sales Net service sales Total net sales Operating expenses: Cost of sales Fulfillment Marketing Technology and content General and administrative $94,065 $118.573 $141.915 41322 59.293 90.972 335.987 177.866 232.887 88265 111,934 139156 17.019 25349 34027 7233 10,000 23.814 16,085 22,620 38.837 2.432 3.074 +336 Other operating expense 167 1314 296 Total operating expenses 131,801 173.700 220,406 Question 2 of 3 View Policies Current Attempt in Progress Amazon.com, Inc.'s financial statements are presented in Appendix D. Click here to view Appendix D. Financial statements of Walmart, Inc. are presented in Appendix E. Click here to view Appendix E. The complete annual reports of Amazon and Walmart, including the notes to the financial statements, are available at e respective website. (a) Based on the information contained in these financial statements, compute free cash flow for each company. (Enter ar millions. Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) Amazon Walmart Free cash flow $ $ eTextbook and Mad