What is Amazon's FY2017 days payable outstanding (DPO)? DPO is defined as: 365 * (average accounts payable between FY2016 and FY2017) / (FY2017 COGS + change in inventory between FY2016 and FY2017). Round your answer to two decimal places. Address the question by using the line items and information shown within the balance sheet and the P&L statement.
Table of Contents
AMAZON.COM, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
 
 
Year Ended December 31,
 
2015
 
2016
 
2017
Net product sales
$
79,268 $
94,665 $
118,573
Net service sales
27,738 
41,322 
59,293
Total net sales
107,006 
135,987 
177,866
Operating expenses:
 
 
 
Cost of sales
71,651 
88,265 
111,934
Fulfillment
13,410 
17,619 
25,249
Marketing
5,254 
7,233 
10,069
Technology and content
12,540 
16,085 
22,620
General and administrative
1,747 
2,432 
3,674
Other operating expense, net
171 
167 
214
Total operating expenses
104,773 
131,801 
173,760
Operating income
2,233 
4,186 
4,106
Interest income
50 
100 
202
Interest expense
(459) 
(484) 
(848)
Other income (expense), net
(256) 
90 
346
Total non-operating income (expense)
(665) 
(294) 
(300)
Income before income taxes
1,568 
3,892 
3,806
Provision for income taxes
(950) 
(1,425) 
(769)
Equity-method investment activity, net of tax
(22) 
(96) 
(4)
Net income
$
596 $
2,371 $
3,033
Basic earnings per share
$
1.28 $
5.01 $
6.32
Diluted earnings per share
$
1.25 $
4.90 $
6.15
Weighted-average shares used in computation of earnings per share:
 
 
 
Basic
467 
474 
480
Diluted
477 
484 
493
See accompanying notes to consolidated financial statements.
38
93.86
The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:

Metric 1: Accounts payable. This metric was located in the 10K as a single line item named: Accounts payable.

Metric 2: Inventories. This metric was located in the 10K as a single line item named: Inventories.

Metric 3: Cost of goods sold. This metric was located in the 10K as a single line item named: Cost of sales.