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Amazon (AMZN)

Amazon.com recently announced financial results for its fourth quarter ended December 31, 2009. Operating cash flow was $3.29 billion in 2009, compared with $1.70 billion in 2008. Free cash flow increased 114% to $2.92 billion in 2009, compared with $1.36 billion in 2008.
This is a startling quote: "Millions of people now own Kindles," said Jeff Bezos, founder and CEO of Amazon.com. "And Kindle owners read, a lot. When we have both editions, we sell 6 Kindle books for every 10 physical books. This is year-to-date and includes only paid books -- free Kindle books would make the number even higher. It's been an exciting 27 months."

Feb 10 · 1:08:00 PM · Source: Company Press Release
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by Rich Pike

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