Appendix D 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 Alexa digital assistant in its Echo speakers and is a major provider of cloud computing services. The following are Amazon's financial statements as presented in the company's 2020 annual report. The complete annual report, including notes to the financial statements, is available at the company's website. AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Year Ended December 31, 2018 2019 2020 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD OPERATING ACTIVITIES: $21,855 $32,173 $36,410 Net income 10,073 11,588 21,331 Adjustments to reconcile net income to net cash from operating activities Depreciation and amortization of property and equipement and capitalized content costs, operating lease assets, and other Stock-based compensation Other operating expense (income), net ), Deferred income taxes Changes in operating assets and liabilities: Inventories Accounts receivable, net and other Accounts payable Accrued expenses and other Learned revenue Net cash provided by used in operating activities INVESTING ACTIVITIES: Purchases of property and equipment Proceeds from property and equipment sales and 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 short-term debt, and other Repayments of short-term debt, and other Proceeds from long-term debt Repayments of long-term debt Principal repayments of finance leases Principal repayments of financing 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 15,341 21,789 25,251 5,418 6,064 9,208 274 164 (71) 219 (249) (2,382) +1 796 (554) (1,514) (3,278) (2849) (4,615) (7,681) (8,169) 3,263 8,193 17,400 472 (1,383) 5,751 1,131 1,711 1,265 30,725 38,514 66,054 (13,427) (16,861) (40,140) 2,104 4,172 5,096 (2,186) (2,461) (2,325) 8,240 22,681 50,237 (7,100) 31,812) 72,479) (12,369) (24,281) (59,611) 886 1,002 6,796 (815) (1,518) (6,177) 182 871 10,525 (155) (1,166) (1,553) (7,449) 3,628 (10,612) (387) (27) (58) (7,585) 10,066) (1,104) (351) 70 618 10,317 $32,175 4,237 336,410 3,967 $42,377 See acxararnire notes is comenlinated financial staternents. Appendix E Specimen Financial Statements: Walmart Inc. The following are Walmart Inc.'s financial statements as presented in the company's annual report for the year ended January 31, 2021. The complete annual report, including notes to the financial statements, is available at the company's website. Walmart Inc. Consolidated Statements of Income (Amounts in millions, except per share data) Revenues: Net sales Membership and other income Total revenues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses Operating income Interest: Debt Finance, capital lease and financing obligations Interest income Interest, net Other (gains) and lowes Income before income taxes Provision for income taxes Consolidated net income Consolidated net income attributable to noncontrolling interest Consolidated net income attributable to Walmart Net income per common share: Basic net income per common share attributable to Walmart Diluted net income per common share attributable to Walmart Weighted-average common shares outstanding: Basic Diluted Dividends declared per common share Fiscal Years Ended January 31, 2021 2020 2019 $555,239 $519,926 3,918 559,151 4,038 523,964 $510,329 4,076 514,405 420,315 394,605 385,301 116,288 108,791 107,147 22,548 20,568 21,957 1,976 2,262 1,975 339 397 371 (121) (189) (217) 2.194 2.410 2,129 (210) (1,958) 8,368 20,564 20,116 11,460 6,858 4,915 4,281 13,706 15,201 7,179 (196) (320) (509) $ 13,510 $ 14.881 $ 6,670 $ 4.77 $ 5.22 $ 2.28 4.75 5.19 2.26 2,831 2,850 2,929 2,847 2,868 2,943 5 2.16 5 2.12 $ 2.00 See accompanying notes. Current Attempt in Progress The financial statements of Amazon.com, Inc. 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. Based on the information in the financial statements, determine each of the following for each company: 1. The percentage increase (i) in net sales and (ii) in net income between the two most recent years provided. (Round answers to 1 decimal places, e.g. 15.2%. Enter negative amounts using either a negative sign preceding the number e.g.-15.2% or parentheses e.g. (15.2)%.) Percentage increase (decrease) in net sales Percentage increase (decrease) in net income Amazon.com % % Walmart Inc. % % 2. The percentage increase (i) in total assets and (ii) in total stockholders' equity between the two most recent years provided. (Round answers to 1 decimal place, e.g. 15.2%. Enter negative amounts using either a negative sign preceding the number e.g.-15.2% or parentheses e.g. (15.2)%) Percentage increase (decrease) in total assets Percentage increase (decrease) in total stockholders' equity Amazon.com % % Walmart Inc. % % 3. The basic earnings per share for the most recent year provided. (Round answers to 2 decimal places, e.g. 15.25. Enter negative amounts using either a negative sign preceding the number e.g. -15.2% or parentheses e.g. (15.2)%.) Amazon.com Basic earnings per share Walmart Inc