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amazon AMAZON.COM ANNOUNCES FIRST QUARTER RESULTS SEATTLE ( BUSINESS WIRE ) April 29 , 2021—Amazon.com , Inc. ( NASDAQ : AMZN ) today announced financial results for its first quarter ended March 31 , 2021 . • • • • Operating cash flow increased 69 % to $ 67.2 billion for the trailing twelve months , compared with $ 39.7 billion for the trailing twelve months ended March 31 , 2020 . Free cash flow increased to $ 26.4 billion for the trailing twelve months , compared with $ 24.3 billion for the trailing twelve months ended March 31 , 2020 . Free cash flow less principal repayments of finance leases and financing obligations increased to $ 14.9 billion for the trailing twelve months , compared with $ 14.3 billion for the trailing twelve months ended March 31 , 2020 . Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to $ 16.8 billion for the trailing twelve months , compared with $ 11.7 billion for the trailing twelve months ended March 31 , 2020 . Common shares outstanding plus shares underlying stock - based awards totaled 519 million on March 31 , 2021 , compared with 513 million one year ago . Net sales increased 44 % to $ 108.5 billion in the first quarter , compared with $ 75.5 billion in first quarter 2020 . Excluding the $ 2.1 billion favorable impact from year - over - year changes in foreign exchange rates throughout the quarter , net sales increased 41 % compared with first quarter 2020 . Operating income increased to $ 8.9 billion in the first quarter , compared with operating income of $ 4.0 billion in first quarter 2020 . Net income increased to $ 8.1 billion in the first quarter , or $ 15.79 per diluted share , compared with net income of $ 2.5 billion , or $ 5.01 per diluted share , in first quarter 2020 . " Two of our kids are now 10 and 15 years old — and after years of being nurtured , they're growing up fast and coming into their own , " said Jeff Bezos , Amazon founder and CEO . “ As Prime Video turns 10 , over 175 million Prime members have streamed shows and movies in the past year , and streaming hours are up more than 70 % year over year . Amazon Studios received a record 12 Academy Award nominations and two wins . Upcoming originals include Tom Clancy's Without Remorse , The Tomorrow War , The Underground Railroad , and much more . In just 15 years , AWS has become a $ 54 billion annual sales run rate business competing against the world's largest technology companies , and its growth is accelerating - up 32 % year over year . Companies from Airbnb to McDonald's to Volkswagen come to AWS because we offer what is by far the broadest set of tools and services available , and we continue to invent relentlessly on their behalf . We love Prime Video and AWS , and we're proud to have them in the family . ”