# embeddings_queue

created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b2da-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 20, "chroma:document": "many variables, including variability in demand, inventory management and category expansion, the timing of cash receipts and payments, customer and\nvendor payment terms, and fluctuations in foreign exchange rates.\n21"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b320-8e1f-11ef-b504-acde48001122
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metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 21, "chroma:document": "Table of Contents\nCash provided by (used in) investing activities corresponds with cash capital expenditures, including leasehold improvements, incentives received from\nproperty and equipment vendors, proceeds from asset sales, cash outlays for acquisitions, investments in other companies and intellectual property rights, and\npurchases, sales, and maturities of marketable securities. Cash provided by (used in) investing activities was $(58.2) billion and $(37.6) billion in 2021 and\n2022, with the variability caused primarily by purchases, sales, and maturities of marketable securities. Cash capital expenditures were $55.4 billion, and $58.3\nbillion in 2021 and 2022, which primarily reflect investments in technology infrastructure (the majority of which is to support AWS business growth) and in\nadditional capacity to support our fulfillment network. We expect to continue these investments over time, with increased spending on technology\ninfrastructure. We made cash payments, net of acquired cash, related to acquisition and other investment activity of $2.0 billion and $8.3 billion in 2021 and\n2022. We funded the acquisition of MGM Holdings Inc. with cash on hand. We expect to fund the acquisitions of 1Life Healthcare, Inc. (One Medical) and\niRobot Corporation with cash on hand.\nCash provided by (used in) financing activities was $6.3 billion and $9.7 billion in 2021 and 2022. Cash inflows from financing activities resulted from\nproceeds from short-term debt, and other and long-term-debt of $27.0 billion and $62.7 billion in 2021 and 2022. Cash outflows from financing activities\nresulted from repurchases of common stock, payments of short-term debt, and other, long-term debt, finance leases, and financing obligations of $20.7 billion\nand $53.0 billion in 2021 and 2022. Property and equipment acquired under finance leases was $7.1 billion and $675 million in 2021 and 2022.\nWe had no borrowings outstanding under the two unsecured revolving credit facilities, $6.8 billion of borrowings outstanding under the commercial\npaper programs, and $1.0 billion of borrowings outstanding under the secured revolving credit facility as of December 31, 2022. See Item 8 of Part II,"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b352-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/aws-10-k-2023.pdf", "page": 21, "chroma:document": "\u201cFinancial Statements and Supplementary Data \u2014 Note 6 \u2014 Debt\u201d for additional information. \nAs of December 31, 2022, cash, cash equivalents, and marketable securities held by foreign subsidiaries were $4.7 billion. We intend to invest\nsubstantially all of our foreign subsidiary earnings, as well as our capital in our foreign subsidiaries, indefinitely outside of the U.S. in those jurisdictions in\nwhich we would incur significant, additional costs upon repatriation of such amounts.\nOur U.S. taxable income is reduced by accelerated depreciation deductions and increased by the impact of capitalized research and development\nexpenses. U.S. tax rules provide for enhanced accelerated depreciation deductions by allowing the election of full expensing of qualified property, primarily\nequipment, through 2022. Our federal tax provision included a partial election for 2020 and 2021, and a full election for 2022. Effective January 1, 2022,\nresearch and development expenses are required to be capitalized and amortized for U.S. tax purposes, which delays the deductibility of these expenses. Cash\ntaxes paid (net of refunds) were $3.7 billion and $6.0 billion for 2021 and 2022.\nAs of December 31, 2021 and 2022, restricted cash, cash equivalents, and marketable securities were $260 million and $365 million. See Item 8 of Part\nII, \u201cFinancial Statements and Supplementary Data \u2014 Note 6 \u2014 Debt\u201d and \u201cFinancial Statements and Supplementary Data \u2014 Note 7 \u2014 Commitments and\nContingencies\u201d for additional discussion of our principal contractual commitments, as well as our pledged assets. Additionally, we have purchase obligations\nand open purchase orders, including for inventory and capital expenditures, that support normal operations and are primarily due in the next twelve months.\nThese purchase obligations and open purchase orders are generally cancellable in full or in part through the contractual provisions.\nWe believe that cash flows generated from operations and our cash, cash equivalents, and marketable securities balances, as well as our borrowing\narrangements, will be sufficient to meet our anticipated operating cash needs for at least the next twelve months. However, any projections of future cash needs\nand cash flows are subject to substantial uncertainty. See Item 1A of Part I, \u201cRisk Factors.\u201d We continually evaluate opportunities to sell additional equity or"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b38e-8e1f-11ef-b504-acde48001122
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{"source": "dataset/aws-10-k-2023.pdf", "page": 21, "chroma:document": "debt securities, obtain credit facilities, obtain finance and operating lease arrangements, enter into financing obligations, repurchase common stock, pay\ndividends, or repurchase, refinance, or otherwise restructure our debt for strategic reasons or to further strengthen our financial position.\nThe sale of additional equity or convertible debt securities would be dilutive to our shareholders. In addition, we will, from time to time, consider the\nacquisition of, or investment in, complementary businesses, products, services, capital infrastructure, and technologies, which might affect our liquidity\nrequirements or cause us to secure additional financing, or issue additional equity or debt securities. There can be no assurance that additional credit lines or\nfinancing instruments will be available in amounts or on terms acceptable to us, if at all. In addition, economic conditions and actions by policymaking bodies\nare contributing to rising interest rates and significant capital market volatility, which, along with increases in our borrowing levels, could increase our future\nborrowing costs.\n22"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b3c0-8e1f-11ef-b504-acde48001122
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{"source": "dataset/aws-10-k-2023.pdf", "page": 22, "chroma:document": "Table of Contents\nResults of Operations\nWe have organized our operations into three segments: North America, International, and AWS. These segments reflect the way the Company evaluates\nits business performance and manages its operations. See Item 8 of Part II, \u201cFinancial Statements and Supplementary Data \u2014 Note 10 \u2014 Segment\nInformation.\u201d\nOverview\nMacroeconomic factors, including inflation, increased interest rates, significant capital market volatility, the prolonged COVID-19 pandemic, global\nsupply chain constraints, and global economic and geopolitical developments, have direct and indirect impacts on our results of operations that are difficult to\nisolate and quantify. These factors contributed to increases in our operating costs during 2022, particularly across our North America and International\nsegments, primarily due to a return to more normal, seasonal demand volumes in relation to our fulfillment network fixed costs, increased transportation and\nutility costs, and increased wage rates. In addition, rising fuel, utility, and food costs, rising interest rates, and recessionary fears may impact customer demand\nand our ability to forecast consumer spending patterns. We also expect the current macroeconomic environment and enterprise customer cost optimization\nefforts to impact our AWS revenue growth rates. We expect some or all of these factors to continue to impact our operations into Q1 2023.\nNet Sales\nNet sales include product and service sales. Product sales represent revenue from the sale of products and related shipping fees and digital media content\nwhere we record revenue gross. Service sales primarily represent third-party seller fees, which includes commissions and any related fulfillment and shipping\nfees, AWS sales, advertising services, Amazon Prime membership fees, and certain digital content subscriptions. Net sales information is as follows (in\nmillions):\n  Year Ended December 31,\n 2021 2022\nNet Sales:\nNorth America $ 279,833 $ 315,880 \nInternational 127,787 118,007 \nAWS 62,202 80,096 \nConsolidated $ 469,822 $ 513,983 \nYear-over-year Percentage Growth (Decline):\nNorth America 18 % 13 %\nInternational 22 (8)\nAWS 37 29 \nConsolidated 22 9 \nYear-over-year Percentage Growth, excluding the effect of foreign exchange rates:\nNorth America 18 % 13 %\nInternational 20 4 \nAWS 37 29 \nConsolidated 21 13 \nNet sales mix:"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b3fc-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/aws-10-k-2023.pdf", "page": 22, "chroma:document": "Consolidated 21 13 \nNet sales mix:\nNorth America 60 % 61 %\nInternational 27 23 \nAWS 13 16 \nConsolidated 100 % 100 %\nSales increased 9% in 2022, compared to the prior year. Changes in foreign currency exchange rates reduced net sales by $15.5 billion in 2022. For a\ndiscussion of the effect of foreign exchange rates on sales growth, see \u201cEffect of Foreign Exchange Rates\u201d below.\nNorth America sales increased 13% in 2022, compared to the prior year. The sales growth primarily reflects increased unit sales, including sales by third-\nparty sellers, advertising sales, and subscription services. Increased unit sales were driven largely by our continued focus on price, selection, and convenience\nfor our customers, including from our shipping offers.\n23"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b438-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/aws-10-k-2023.pdf", "page": 23, "chroma:document": "Table of Contents\nInternational sales decreased 8% in 2022, compared to the prior year, primarily due to the impact of changes in foreign currency exchange rates, partially\noffset by increased unit sales, including sales by third-party sellers, advertising sales, and subscription services. Increased unit sales were driven largely by our\ncontinued focus on price, selection, and convenience for our customers, including from our shipping offers. Changes in foreign currency exchange rates\nreduced International net sales by $15.0 billion in 2022.\nAWS sales increased 29% in 2022, compared to the prior year. The sales growth primarily reflects increased customer usage, partially offset by pricing\nchanges, primarily driven by long-term customer contracts.\nOperating Income (Loss)\nOperating income (loss) by segment is as follows (in millions):\nYear Ended December 31,\n2021 2022\nOperating Income (Loss)\nNorth America $ 7,271 $ (2,847)\nInternational (924) (7,746)\nAWS 18,532 22,841 \nConsolidated $ 24,879 $ 12,248 \nOperating income was $24.9 billion and $12.2 billion for 2021 and 2022. We believe that operating income is a more meaningful measure than gross\nprofit and gross margin due to the diversity of our product categories and services.\nThe North America operating loss in 2022, as compared to the operating income in the prior year, is primarily due to increased fulfillment and shipping\ncosts, due in part to increases in investments in our fulfillment network, transportation costs, and wage rates and incentives, increased technology and content\ncosts, and growth in certain operating expenses, partially offset by increased unit sales, including sales by third-party sellers, and advertising sales. Changes in\nforeign currency exchange rates positively impacted operating loss by $274 million in 2022.\nThe increase in International operating loss in absolute dollars in 2022, compared to the prior year, is primarily due to increased fulfillment and shipping\ncosts, due in part to increases in investments in our fulfillment network, transportation costs, and wage rates and incentives, increased technology and content\ncosts, and growth in certain operating expenses, partially offset by increased advertising sales and increased unit sales, including sales by third-party sellers.\nChanges in foreign currency exchange rates negatively impacted operating loss by $857 million in 2022."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b46a-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 23, "chroma:document": "The increase in AWS operating income in absolute dollars in 2022, compared to the prior year, is primarily due to increased sales and cost structure\nproductivity, including a reduction in depreciation and amortization expense from our change in the estimated useful lives of our servers and networking\nequipment, partially offset by increased payroll and related expenses and spending on technology infrastructure, all of which were primarily driven by\nadditional investments to support AWS business growth. Changes in foreign currency exchange rates positively impacted operating income by $1.4 billion in\n2022.\n24"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b4a6-8e1f-11ef-b504-acde48001122
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{"source": "dataset/aws-10-k-2023.pdf", "page": 24, "chroma:document": "Table of Contents\nOperating Expenses\nInformation about operating expenses is as follows (in millions): \n Year Ended December 31,\n  2021 2022\nOperating expenses:\nCost of sales $ 272,344 $ 288,831 \nFulfillment 75,111 84,299 \nTechnology and content 56,052 73,213 \nSales and marketing 32,551 42,238 \nGeneral and administrative 8,823 11,891 \nOther operating expense (income), net 62 1,263 \nTotal operating expenses $ 444,943 $ 501,735 \nYear-over-year Percentage Growth (Decline):\nCost of sales 17 % 6 %\nFulfillment 28 12 \nTechnology and content 31 31 \nSales and marketing 48 30 \nGeneral and administrative 32 35 \nOther operating expense (income), net (183) 1,936 \nPercent of Net Sales:\nCost of sales 58.0 % 56.2 %\nFulfillment 16.0 16.4 \nTechnology and content 11.9 14.2 \nSales and marketing 6.9 8.2 \nGeneral and administrative 1.9 2.3 \nOther operating expense (income), net 0.0 0.2 \nCost of Sales\nCost of sales primarily consists of the purchase price of consumer products, inbound and outbound shipping costs, including costs related to sortation and\ndelivery centers and where we are the transportation service provider, and digital media content costs where we record revenue gross, including video and\nmusic.\nThe increase in cost of sales in absolute dollars in 2022, compared to the prior year, is primarily due to increased shipping and product costs resulting\nfrom increased sales and increases in investments in our fulfillment network, transportation costs, and wage rates and incentives. Changes in foreign exchange\nrates reduced cost of sales by $10.8 billion in 2022.\nShipping costs to receive products from our suppliers are included in our inventory and recognized as cost of sales upon sale of products to our\ncustomers. Shipping costs, which include sortation and delivery centers and transportation costs, were $76.7 billion and $83.5 billion in 2021 and 2022. We"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b4e2-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/aws-10-k-2023.pdf", "page": 24, "chroma:document": "expect our cost of shipping to continue to increase to the extent our customers accept and use our shipping offers at an increasing rate, we use more expensive\nshipping methods, including faster delivery, and we offer additional services. We seek to mitigate costs of shipping over time in part through achieving higher\nsales volumes, optimizing our fulfillment network, negotiating better terms with our suppliers, and achieving better operating efficiencies. We believe that\noffering low prices to our customers is fundamental to our future success, and one way we offer lower prices is through shipping offers.\nCosts to operate our AWS segment are primarily classified as \u201cTechnology and content\u201d as we leverage a shared infrastructure that supports both our\ninternal technology requirements and external sales to AWS customers.\nFulfillment\nFulfillment costs primarily consist of those costs incurred in operating and staffing our North America and International fulfillment centers, physical\nstores, and customer service centers and payment processing costs. While AWS payment processing and related transaction costs are included in \u201cFulfillment,\u201d\nAWS costs are primarily classified as \u201cTechnology and content.\u201d Fulfillment costs as a percentage of net sales may vary due to several factors, such as payment\nprocessing and related\n25"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b51e-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/aws-10-k-2023.pdf", "page": 25, "chroma:document": "Table of Contents\ntransaction costs, our level of productivity and accuracy, changes in volume, size, and weight of units received and fulfilled, the extent to which third-party\nsellers utilize Fulfillment by Amazon services, timing of fulfillment network and physical store expansion, the extent we utilize fulfillment services provided\nby third parties, mix of products and services sold, and our ability to affect customer service contacts per unit by implementing improvements in our operations\nand enhancements to our customer self-service features. Additionally, sales by our sellers have higher payment processing and related transaction costs as a\npercentage of net sales compared to our retail sales because payment processing costs are based on the gross purchase price of underlying transactions.\nThe increase in fulfillment costs in absolute dollars in 2022, compared to the prior year, is primarily due to increased investments in our fulfillment\nnetwork and variable costs corresponding with increased product and service sales volume and inventory levels, and increased wage rates and incentives.\nChanges in foreign exchange rates reduced fulfillment costs by $2.5 billion in 2022.\nWe seek to expand our fulfillment network to accommodate a greater selection and in-stock inventory levels and to meet anticipated shipment volumes\nfrom sales of our own products as well as sales by third parties for which we provide the fulfillment services. We regularly evaluate our facility requirements.\nTechnology and Content\nTechnology and content costs include payroll and related expenses for employees involved in the research and development of new and existing products\nand services, development, design, and maintenance of our stores, curation and display of products and services made available in our online stores, and\ninfrastructure costs. Infrastructure costs include servers, networking equipment, and data center related depreciation and amortization, rent, utilities, and other\nexpenses necessary to support AWS and other Amazon businesses. Collectively, these costs reflect the investments we make in order to offer a wide variety of\nproducts and services to our customers, including expenditures related to initiatives to build and deploy innovative and efficient software and electronic devices\nand the development of a satellite network for global broadband service and autonomous vehicles for ride-hailing services.\nWe seek to invest efficiently in numerous areas of technology and content so we may continue to enhance the customer experience and improve our\nprocess efficiency through rapid technology developments, while operating at an ever increasing scale. Our technology and content investment and capital\nspending projects often support a variety of product and service offerings due to geographic expansion and the cross-functionality of our systems and"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b550-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 25, "chroma:document": "operations. We expect spending in technology and content to increase over time as we continue to add employees and technology infrastructure. These costs are\nallocated to segments based on usage. The increase in technology and content costs in absolute dollars in 2022, compared to the prior year, is primarily due to\nincreased payroll and related costs associated with technical teams responsible for expanding our existing products and services and initiatives to introduce new\nproducts and service offerings, and an increase in spending on technology infrastructure, partially offset by a reduction in depreciation and amortization\nexpense from our change in the estimated useful lives of our servers and networking equipment. See Item 8 of Part II, \u201cFinancial Statements and\nSupplementary Data \u2014 Note 1 \u2014 Description of Business, Accounting Policies, and Supplemental Disclosures \u2014 Use of Estimates\u201d for additional information\non the change in estimated useful lives of our servers and networking equipment.\nSales and Marketing\nSales and marketing costs include advertising and payroll and related expenses for personnel engaged in marketing and selling activities, including sales\ncommissions related to AWS. We direct customers to our stores primarily through a number of marketing channels, such as our sponsored search, social and\nonline advertising, third party customer referrals, television advertising, and other initiatives. Our marketing costs are largely variable, based on growth in sales\nand changes in rates. To the extent there is increased or decreased competition for these traffic sources, or to the extent our mix of these channels shifts, we\nwould expect to see a corresponding change in our marketing costs.\nThe increase in sales and marketing costs in absolute dollars in 2022, compared to the prior year, is primarily due to increased payroll and related\nexpenses for personnel engaged in marketing and selling activities and higher marketing spend.\nWhile costs associated with Amazon Prime membership benefits and other shipping offers are not included in sales and marketing expense, we view\nthese offers as effective worldwide marketing tools, and intend to continue offering them indefinitely.\nGeneral and Administrative\nThe increase in general and administrative costs in absolute dollars in 2022, compared to the prior year, is primarily due to increases in payroll and\nrelated expenses and professional fees.\n26"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b58c-8e1f-11ef-b504-acde48001122
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{"source": "dataset/aws-10-k-2023.pdf", "page": 26, "chroma:document": "Table of Contents\nOther Operating Expense (Income), Net\nOther operating expense (income), net was $62 million and $1.3 billion during 2021 and 2022, and was primarily related to the amortization of intangible\nassets and, for 2022, $1.1 billion of impairments of property and equipment and operating leases.\nInterest Income and Expense\nOur interest income was $448 million and $989 million during 2021 and 2022, primarily due to an increase in prevailing rates. We generally invest our\nexcess cash in AAA-rated money market funds and investment grade short- to intermediate-term fixed income securities. Our interest income corresponds with\nthe average balance of invested funds based on the prevailing rates, which vary depending on the geographies and currencies in which they are invested.\nInterest expense was $1.8 billion and $2.4 billion in 2021 and 2022 and was primarily related to debt and finance leases. See Item 8 of Part II, \u201cFinancial\nStatements and Supplementary Data \u2014 Note 4 \u2014 Leases and Note 6 \u2014 Debt\u201d for additional information.\nOur long-term lease liabilities were $67.7 billion and $73.0 billion as of December 31, 2021 and 2022. Our long-term debt was $48.7 billion and $67.1\nbillion as of December 31, 2021 and 2022. See Item 8 of Part II, \u201cFinancial Statements and Supplementary Data \u2014 Note 4 \u2014 Leases and Note 6 \u2014 Debt\u201d for\nadditional information.\nOther Income (Expense), Net\nOther income (expense), net was $14.6 billion and $(16.8) billion during 2021 and 2022. The primary components of other income (expense), net are\nrelated to equity securities valuations and adjustments, equity warrant valuations, and foreign currency. Included in other income (expense), net in 2021 and\n2022 is a marketable equity securities valuation gain (loss) of $11.8 billion and $(12.7) billion from our equity investment in Rivian.\nIncome Taxes\nOur effective tax rate is subject to significant variation due to several factors, including variability in our pre-tax and taxable income and loss and the mix\nof jurisdictions to which they relate, intercompany transactions, the applicability of special tax regimes, changes in how we do business, acquisitions,"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b5be-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 26, "chroma:document": "investments, developments in tax controversies, changes in our stock price, changes in our deferred tax assets and liabilities and their valuation, foreign\ncurrency gains (losses), changes in statutes, regulations, case law, and administrative practices, principles, and interpretations related to tax, including changes\nto the global tax framework, competition, and other laws and accounting rules in various jurisdictions, and relative changes of expenses or losses for which tax\nbenefits are not recognized. Our effective tax rate can be more or less volatile based on the amount of pre-tax income or loss. For example, the impact of\ndiscrete items and non-deductible expenses on our effective tax rate is greater when our pre-tax income is lower. In addition, we record valuation allowances\nagainst deferred tax assets when there is uncertainty about our ability to generate future income in relevant jurisdictions.\nWe recorded a provision (benefit) for income taxes of $4.8 billion and $(3.2) billion in 2021 and 2022. See Item 8 of Part II, \u201cFinancial Statements and\nSupplementary Data \u2014 Note 9 \u2014 Income Taxes\u201d for additional information.\nNon-GAAP Financial Measures\nRegulation G, Conditions for Use of Non-GAAP Financial Measures, and other SEC regulations define and prescribe the conditions for use of certain\nnon-GAAP financial information. Our measures of free cash flows and the effect of foreign exchange rates on our consolidated statements of operations meet\nthe definition of non-GAAP financial measures.\nWe provide multiple measures of free cash flows because we believe these measures provide additional perspective on the impact of acquiring property\nand equipment with cash and through finance leases and financing obligations.\n27"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597b5fa-8e1f-11ef-b504-acde48001122
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{"source": "dataset/aws-10-k-2023.pdf", "page": 27, "chroma:document": "Table of Contents\nFree Cash Flow\nFree cash flow is cash flow from operations reduced by \u201cPurchases of property and equipment, net of proceeds from sales and incentives.\u201d The following\nis a reconciliation of free cash flow to the most comparable GAAP cash flow measure, \u201cNet cash provided by (used in) operating activities,\u201d for 2021 and 2022\n(in millions):\n Year Ended December 31,\n 2021 2022\nNet cash provided by (used in) operating activities $ 46,327 $ 46,752 \nPurchases of property and equipment, net of proceeds from sales and incentives (55,396) (58,321)\nFree cash flow $ (9,069)$ (11,569)\nNet cash provided by (used in) investing activities $ (58,154)$ (37,601)\nNet cash provided by (used in) financing activities $ 6,291 $ 9,718 \nFree Cash Flow Less Principal Repayments of Finance Leases and Financing Obligations\nFree cash flow less principal repayments of finance leases and financing obligations is free cash flow reduced by \u201cPrincipal repayments of finance\nleases\u201d and \u201cPrincipal repayments of financing obligations.\u201d Principal repayments of finance leases and financing obligations approximates the actual\npayments of cash for our finance leases and financing obligations. The following is a reconciliation of free cash flow less principal repayments of finance\nleases and financing obligations to the most comparable GAAP cash flow measure, \u201cNet cash provided by (used in) operating activities,\u201d for 2021 and 2022 (in\nmillions):\n Year Ended December 31,\n 2021 2022\nNet cash provided by (used in) operating activities $ 46,327 $ 46,752 \nPurchases of property and equipment, net of proceeds from sales and incentives (55,396) (58,321)\nFree cash flow (9,069) (11,569)\nPrincipal repayments of finance leases (11,163) (7,941)\nPrincipal repayments of financing obligations (162) (248)\nFree cash flow less principal repayments of finance leases and financing obligations $ (20,394)$ (19,758)\nNet cash provided by (used in) investing activities $ (58,154)$ (37,601)\nNet cash provided by (used in) financing activities $ 6,291 $ 9,718 \n28"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
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{"source": "dataset/aws-10-k-2023.pdf", "page": 28, "chroma:document": "Table of Contents\nFree Cash Flow Less Equipment Finance Leases and Principal Repayments of All Other Finance Leases and Financing Obligations\nFree cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations is free cash flow reduced by\nequipment acquired under finance leases, which is included in \u201cProperty and equipment acquired under finance leases, net of remeasurements and\nmodifications,\u201d principal repayments of all other finance lease liabilities, which is included in \u201cPrincipal repayments of finance leases,\u201d and \u201cPrincipal\nrepayments of financing obligations.\u201d All other finance lease liabilities and financing obligations consists of property. In this measure, equipment acquired\nunder finance leases is reflected as if these assets had been purchased with cash, which is not the case as these assets have been leased. The following is a\nreconciliation of free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations to the most\ncomparable GAAP cash flow measure, \u201cNet cash provided by (used in) operating activities,\u201d for 2021 and 2022 (in millions):\n Year Ended December 31,\n 2021 2022\nNet cash provided by (used in) operating activities $ 46,327 $ 46,752 \nPurchases of property and equipment, net of proceeds from sales and incentives (55,396) (58,321)\nFree cash flow (9,069) (11,569)\nEquipment acquired under finance leases (1) (4,422) (299)\nPrincipal repayments of all other finance leases (2) (687) (670)\nPrincipal repayments of financing obligations (162) (248)\nFree cash flow less equipment finance leases and principal repayments of all other finance leases and financing\nobligations $ (14,340)$ (12,786)\nNet cash provided by (used in) investing activities $ (58,154)$ (37,601)\nNet cash provided by (used in) financing activities $ 6,291 $ 9,718 \n___________________\n(1)For the year ended December 31, 2021 and 2022, this amount relates to equipment included in \u201cProperty and equipment acquired under finance leases, net\nof remeasurements and modifications\u201d of $7,061 million and $675 million."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
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{"source": "dataset/aws-10-k-2023.pdf", "page": 28, "chroma:document": "(2)For the year ended December 31, 2021 and 2022, this amount relates to property included in \u201cPrincipal repayments of finance leases\u201d of $11,163 million\nand $7,941 million.\nAll of these free cash flows measures have limitations as they omit certain components of the overall cash flow statement and do not represent the\nresidual cash flow available for discretionary expenditures. For example, these measures of free cash flows do not incorporate the portion of payments\nrepresenting principal reductions of debt or cash payments for business acquisitions. Additionally, our mix of property and equipment acquisitions with cash or\nother financing options may change over time. Therefore, we believe it is important to view free cash flows measures only as a complement to our entire\nconsolidated statements of cash flows.\nEffect of Foreign Exchange Rates\nInformation regarding the effect of foreign exchange rates, versus the U.S. Dollar, on our net sales, operating expenses, and operating income is provided\nto show reported period operating results had the foreign exchange rates remained the same as those in effect in the comparable prior year period. The effect on\nour net sales, operating expenses, and operating income from changes in our foreign exchange rates versus the U.S. Dollar is as follows (in millions):\n Year Ended December 31, 2021 Year Ended December 31, 2022\n  As\nReportedExchange\nRate\nEffect (1)At Prior\nYear\nRates (2)As\nReportedExchange\nRate\nEffect (1)At Prior\nYear\nRates (2)\nNet sales $469,822 $ (3,804)$466,018 $513,983 $ 15,495 $529,478 \nOperating expenses 444,943 (3,653) 441,290 501,735 16,356 518,091 \nOperating income 24,879 (151) 24,728 12,248 (861) 11,387 \n___________________\n(1)Represents the change in reported amounts resulting from changes in foreign exchange rates from those in effect in the comparable prior year period for\noperating results.\n(2)Represents the outcome that would have resulted had foreign exchange rates in the reported period been the same as those in effect in the comparable prior\nyear period for operating results.\n29"}


created_at: 2024-10-19 14:13:57
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{"source": "dataset/aws-10-k-2023.pdf", "page": 29, "chroma:document": "Table of Contents\nGuidance\nWe provided guidance on February 2, 2023, in our earnings release furnished on Form 8-K as set forth below. These forward-looking statements reflect\nAmazon.com\u2019s expectations as of February 2, 2023, and are subject to substantial uncertainty. Our results are inherently unpredictable and may be materially\naffected by many factors, such as uncertainty regarding the impacts of the COVID-19 pandemic, fluctuations in foreign exchange rates, changes in global\neconomic and geopolitical conditions and customer demand and spending (including the impact of recessionary fears), inflation, interest rates, regional labor\nmarket and global supply chain constraints, world events, the rate of growth of the Internet, online commerce, and cloud services, as well as those outlined in\nItem 1A of Part I, \u201cRisk Factors.\u201d\nFirst Quarter 2023 Guidance\n\u2022Net sales are expected to be between $121.0 billion and $126.0 billion, or to grow between 4% and 8% compared with first quarter 2022. This\nguidance anticipates an unfavorable impact of approximately 210 basis points from foreign exchange rates.\n\u2022Operating income is expected to be between $0 and $4.0 billion, compared with $3.7 billion in first quarter 2022.\n\u2022This guidance assumes, among other things, that no additional business acquisitions, restructurings, or legal settlements are concluded.\n30"}


created_at: 2024-10-19 14:13:57
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{"source": "dataset/aws-10-k-2023.pdf", "page": 30, "chroma:document": "Table of Contents\nItem 7A. Quantitative and Qualitative Disclosures About Market Risk\nWe are exposed to market risk for the effect of interest rate changes, foreign currency fluctuations, and changes in the market values of our investments.\nInformation relating to quantitative and qualitative disclosures about market risk is set forth below and in Item 7 of Part II, \u201cManagement\u2019s Discussion and\nAnalysis of Financial Condition and Results of Operations \u2014 Liquidity and Capital Resources.\u201d\nInterest Rate Risk\nOur exposure to market risk for changes in interest rates relates primarily to our investment portfolio and our debt. Our long-term debt is carried at\namortized cost and fluctuations in interest rates do not impact our consolidated financial statements. However, the fair value of our long-term debt, which pays\ninterest at a fixed rate, will generally fluctuate with movements of interest rates, increasing in periods of declining rates of interest and declining in periods of\nincreasing rates of interest.\nWe generally invest our excess cash in AAA-rated money market funds and investment grade short- to intermediate-term fixed income securities. Fixed\nincome securities may have their fair market value adversely affected due to a rise in interest rates, and we may suffer losses in principal if forced to sell\nsecurities that have declined in market value due to changes in interest rates. The following table provides information about our cash equivalents and\nmarketable fixed income securities, including principal cash flows by expected maturity and the related weighted-average interest rates as of December 31,\n2022 (in millions, except percentages):\n2023 2024 2025 2026 2027 Thereafter TotalEstimated Fair\nValue as of\nDecember 31,\n2022\nMoney market funds $ 27,899 $ \u2014 $ \u2014 $ \u2014 $ \u2014 $ \u2014 $ 27,899 $ 27,899 \nWeighted average interest rate 4.18 % \u2014 % \u2014 % \u2014 % \u2014 % \u2014 % 4.18 %\nCorporate debt securities 17,500 2,486 2,332 748 9 \u2014 23,075 22,627 \nWeighted average interest rate 4.06 % 0.97 % 1.23 % 1.45 % 2.33 % \u2014 % 3.35 %\nU.S. government and agency securities 819 358 554 396 80 75 2,282 2,146"}


created_at: 2024-10-19 14:13:57
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{"source": "dataset/aws-10-k-2023.pdf", "page": 30, "chroma:document": "Weighted average interest rate 1.05 % 0.98 % 0.81 % 0.83 % 1.24 % 1.83 % 0.98 %\nAsset-backed securities 1,059 872 413 146 128 72 2,690 2,572 \nWeighted average interest rate 0.99 % 1.30 % 1.37 % 1.39 % 1.41 % 1.06 % 1.19 %\nForeign government and agency\nsecurities 519 19 \u2014 \u2014 \u2014 \u2014 538 535 \nWeighted average interest rate 4.24 % 0.60 % \u2014 % \u2014 % \u2014 % \u2014 % 4.11 %\nOther fixed income securities 138 61 48 \u2014 \u2014 \u2014 247 237 \nWeighted average interest rate 0.40 % 0.56 % 1.15 % \u2014 % \u2014 % \u2014 % 0.58 %\n$ 47,934 $ 3,796 $ 3,347 $ 1,290 $ 217 $ 147 $ 56,731 \nCash equivalents and marketable\nfixed income securities $ 56,016 \nAs of December 31, 2022, we had long-term debt with a face value of $70.5 billion, including the current portion, primarily consisting of fixed rate\nunsecured senior notes. See Item 8 of Part II, \u201cFinancial Statements and Supplementary Data \u2014 Note 6 \u2014 Debt\u201d for additional information.\n31"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
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{"source": "dataset/aws-10-k-2023.pdf", "page": 31, "chroma:document": "Table of Contents\nForeign Exchange Risk\nDuring 2022, net sales from our International segment accounted for 23% of our consolidated revenues. Net sales and related expenses generated from\nour internationally-focused stores, including within Canada and Mexico (which are included in our North America segment), are primarily denominated in the\nfunctional currencies of the corresponding stores and primarily include Euros, British Pounds, and Japanese Yen. The results of operations of, and certain of our\nintercompany balances associated with, our internationally-focused stores and AWS are exposed to foreign exchange rate fluctuations. Upon consolidation, as\nforeign exchange rates vary, net sales and other operating results may differ materially from expectations, and we may record significant gains or losses on the\nremeasurement of intercompany balances. For example, as a result of fluctuations in foreign exchange rates throughout the year compared to rates in effect the\nprior year, International segment net sales decreased by $15.0 billion in comparison with the prior year.\nWe have foreign exchange risk related to foreign-denominated cash, cash equivalents, and marketable securities (\u201cforeign funds\u201d). Based on the balance\nof foreign funds as of December 31, 2022, of $18.3 billion, an assumed 5%, 10%, and 20% adverse change to foreign exchange would result in declines of\n$915 million, $1.8 billion, and $3.7 billion.\nWe also have foreign exchange risk related to our intercompany balances denominated in various foreign currencies. Based on the intercompany balances\nas of December 31, 2022, an assumed 5%, 10%, and 20% adverse change to foreign exchange rates would result in losses of $275 million, $555 million, and\n$1.1 billion, recorded to \u201cOther income (expense), net.\u201d\nSee Item 7 of Part II, \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations \u2014 Results of Operations \u2014 Effect of\nForeign Exchange Rates\u201d for additional information on the effect on reported results of changes in foreign exchange rates.\nEquity Investment Risk\nAs of December 31, 2022, our recorded value in equity and equity warrant investments in public and private companies was $7.2 billion. Our equity and\nequity warrant investments in publicly traded companies, which primarily relate to Rivian, represent $5.0 billion of our investments as of December 31, 2022,"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
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{"source": "dataset/aws-10-k-2023.pdf", "page": 31, "chroma:document": "and are recorded at fair value, which is subject to market price volatility. We record our equity warrant investments in private companies at fair value and adjust\nour equity investments in private companies for observable price changes or impairments. Valuations of private companies are inherently more complex due to\nthe lack of readily available market data. The current global economic conditions provide additional uncertainty. As such, we believe that market sensitivities\nare not practicable. See Item 8 of Part II, \u201cFinancial Statements and Supplementary Data \u2014 Note 1 \u2014 Description of Business, Accounting Policies, and\nSupplemental Disclosures\u201d for additional information.\n32"}


created_at: 2024-10-19 14:13:57
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{"source": "dataset/aws-10-k-2023.pdf", "page": 32, "chroma:document": "Table of Contents\nItem 8. Financial Statements and Supplementary Data\nINDEX TO CONSOLIDATED FINANCIAL STATEMENTS\n Page\nReport of Ernst & Young LLP, Independent Registered Public Accounting Firm (PCAOB ID: 42) 34\nConsolidated Statements of Cash Flows 36\nConsolidated Statements of Operations 37\nConsolidated Statements of Comprehensive Income (Loss) 38\nConsolidated Balance Sheets 39\nConsolidated Statements of Stockholders\u2019 Equity 40\nNotes to Consolidated Financial Statements 41\n33"}


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{"source": "dataset/aws-10-k-2023.pdf", "page": 33, "chroma:document": "Table of Contents\nReport of Independent Registered Public Accounting Firm\nThe Board of Directors and Shareholders\nAmazon.com, Inc.\nOpinion on the Financial Statements\nWe have audited the accompanying consolidated balance sheets of Amazon.com, Inc. (the Company) as of December 31, 2022 and 2021, and the related\nconsolidated statements of operations, comprehensive income (loss), stockholders\u2019 equity, and cash flows for each of the three years in the period ended\nDecember 31, 2022, and the related notes (collectively referred to as the \u201cconsolidated financial statements\u201d). In our opinion, the consolidated financial\nstatements present fairly, in all material respects, the financial position of the Company at December 31, 2022 and 2021, and the results of its operations and its\ncash flows for each of the three years in the period ended December 31, 2022, in conformity with U.S. generally accepted accounting principles.\nWe also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company\u2019s\ninternal control over financial reporting as of December 31, 2022, based on criteria established in Internal Control \u2014 Integrated Framework issued by the\nCommittee of Sponsoring Organizations of the Treadway Commission (2013 framework) and our report dated February 2, 2023 expressed an unqualified\nopinion thereon.\nBasis for Opinion\nThese consolidated financial statements are the responsibility of the Company\u2019s management. Our responsibility is to express an opinion on the\nCompany\u2019s consolidated financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be\nindependent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and\nExchange Commission and the PCAOB.\nWe conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain\nreasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. Our audits included\nperforming procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing\nprocedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
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{"source": "dataset/aws-10-k-2023.pdf", "page": 33, "chroma:document": "financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating\nthe overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.\nCritical Audit Matter\nThe critical audit matter communicated below is a matter arising from the current period audit of the consolidated financial statements that was\ncommunicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the consolidated\nfinancial statements and (2) involved our especially challenging, subjective or complex judgments. The communication of the critical audit matter does not\nalter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below,\nproviding a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.\n34"}


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{"source": "dataset/aws-10-k-2023.pdf", "page": 34, "chroma:document": "Table of Contents\nUncertain Tax Positions\nDescription of\nthe MatterAs discussed in Notes 1 and 9 of the consolidated financial statements, the Company is subject to income taxes in the U.S. and\nnumerous foreign jurisdictions and during the ordinary course of business, there are many tax positions for which the ultimate tax\ndetermination is uncertain. As a result, significant judgment is required in evaluating the Company\u2019s tax positions and determining its\nprovision for income taxes. The Company uses significant judgment in (1) determining whether a tax position\u2019s technical merits are\nmore likely than not to be sustained and (2) measuring the amount of tax benefit that qualifies for recognition. As of December 31,\n2022, the Company reported accrued liabilities of $4.0 billion for various tax contingencies.\nAuditing the recognition and measurement of the Company\u2019s tax contingencies was challenging because the evaluation of whether a\ntax position is more likely than not to be sustained and the measurement of the benefit of various tax positions can be complex and\ninvolves significant auditor judgment. Management\u2019s evaluation of tax positions is based on interpretations of tax laws and legal\nrulings, and may be impacted by regulatory changes and judicial and examination activity.\nHow We Addressed the\nMatter in Our AuditWe tested controls over the Company\u2019s process to assess the technical merits of its tax contingencies, including controls over: the\nassessment as to whether a tax position is more likely than not to be sustained; the measurement of the benefit of its tax positions,\nboth initially and on an ongoing basis; and the development of the related disclosures.\nWe involved our international tax, transfer pricing, and research and development tax professionals in assessing the technical merits\nof certain of the Company\u2019s tax positions. Depending on the nature of the specific tax position and, as applicable, developments with\nthe relevant tax authorities relating thereto, our procedures included obtaining and examining the Company\u2019s analysis including the\nCompany\u2019s correspondence with such tax authorities and evaluating the underlying facts upon which the tax positions are based. We\nused our knowledge of and experience with international, transfer pricing, and other income tax laws of the relevant taxing\njurisdictions to evaluate the Company\u2019s accounting for its tax contingencies. We evaluated developments in the applicable regulatory\nenvironments to assess potential effects on the Company\u2019s positions, including recent decisions in relevant court cases. We analyzed\nthe appropriateness of the Company\u2019s assumptions and the accuracy of the Company\u2019s calculations and data used to determine the"}


created_at: 2024-10-19 14:13:57
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{"source": "dataset/aws-10-k-2023.pdf", "page": 34, "chroma:document": "amount of tax benefits to recognize. We evaluated the Company\u2019s income tax disclosures in relation to these matters.\n/s/ Ernst & Young LLP\nWe have served as the Company\u2019s auditor since 1996.\nSeattle, Washington\nFebruary 2, 2023\n35"}


created_at: 2024-10-19 14:13:57
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{"source": "dataset/aws-10-k-2023.pdf", "page": 35, "chroma:document": "Table of Contents\nAMAZON.COM, INC.\nCONSOLIDATED STATEMENTS OF CASH FLOWS\n(in millions)\n  Year Ended December 31,\n 2020 2021 2022\nCASH, CASH EQUIV ALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $ 36,410 $ 42,377 $ 36,477 \nOPERA TING ACTIVITIES:\nNet income (loss) 21,331 33,364 (2,722)\nAdjustments to reconcile net income (loss) to net cash from operating activities:\nDepreciation and amortization of property and equipment and capitalized content costs, operating lease\nassets, and other 25,180 34,433 41,921 \nStock-based compensation 9,208 12,757 19,621 \nOther expense (income), net (2,582) (14,306) 16,966 \nDeferred income taxes (554) (310) (8,148)\nChanges in operating assets and liabilities:\nInventories (2,849) (9,487) (2,592)\nAccounts receivable, net and other (8,169) (18,163) (21,897)\nAccounts payable 17,480 3,602 2,945 \nAccrued expenses and other 5,754 2,123 (1,558)\nUnearned revenue 1,265 2,314 2,216 \nNet cash provided by (used in) operating activities 66,064 46,327 46,752 \nINVESTING ACTIVITIES:\nPurchases of property and equipment (40,140) (61,053) (63,645)\nProceeds from property and equipment sales and incentives 5,096 5,657 5,324 \nAcquisitions, net of cash acquired, and other (2,325) (1,985) (8,316)\nSales and maturities of marketable securities 50,237 59,384 31,601 \nPurchases of marketable securities (72,479) (60,157) (2,565)\nNet cash provided by (used in) investing activities (59,61 1) (58,154) (37,601)\nFINANCING ACTIVITIES:"}


created_at: 2024-10-19 14:13:57
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{"source": "dataset/aws-10-k-2023.pdf", "page": 35, "chroma:document": "FINANCING ACTIVITIES:\nCommon stock repurchased \u2014 \u2014 (6,000)\nProceeds from short-term debt, and other 6,796 7,956 41,553 \nRepayments of short-term debt, and other (6,177) (7,753) (37,554)\nProceeds from long-term debt 10,525 19,003 21,166 \nRepayments of long-term debt (1,553) (1,590) (1,258)\nPrincipal repayments of finance leases (10,642) (11,163) (7,941)\nPrincipal repayments of financing obligations (53) (162) (248)\nNet cash provided by (used in) financing activities (1,104) 6,291 9,718 \nForeign currency ef fect on cash, cash equivalents, and restricted cash 618 (364) (1,093)\nNet increase (decrease) in cash, cash equivalents, and restricted cash 5,967 (5,900) 17,776 \nCASH, CASH EQUIV ALENTS, AND RESTRICTED CASH, END OF PERIOD $ 42,377 $ 36,477 $ 54,253 \nSee accompanying notes to consolidated financial statements.\n36"}


created_at: 2024-10-19 14:13:57
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{"source": "dataset/aws-10-k-2023.pdf", "page": 36, "chroma:document": "Table of Contents\nAMAZON.COM, INC.\nCONSOLIDATED STATEMENTS OF OPERATIONS\n(in millions, except per share data)\n  Year Ended December 31,\n 2020 2021 2022\nNet product sales $ 215,915 $ 241,787 $ 242,901 \nNet service sales 170,149 228,035 271,082 \nTotal net sales 386,064 469,822 513,983 \nOperating expenses:\nCost of sales 233,307 272,344 288,831 \nFulfillment 58,517 75,111 84,299 \nTechnology and content 42,740 56,052 73,213 \nSales and marketing 22,008 32,551 42,238 \nGeneral and administrative 6,668 8,823 11,891 \nOther operating expense (income), net (75) 62 1,263 \nTotal operating expenses 363,165 444,943 501,735 \nOperating income 22,899 24,879 12,248 \nInterest income 555 448 989 \nInterest expense (1,647) (1,809) (2,367)\nOther income (expense), net 2,371 14,633 (16,806)\nTotal non-operating income (expense) 1,279 13,272 (18,184)\nIncome (loss) before income taxes 24,178 38,151 (5,936)\nBenefit (provision) for income taxes (2,863) (4,791) 3,217 \nEquity-method investment activity, net of tax 16 4 (3)\nNet income (loss) $ 21,331 $ 33,364 $ (2,722)\nBasic earnings per share $ 2.13 $ 3.30 $ (0.27)\nDiluted earnings per share $ 2.09 $ 3.24 $ (0.27)\nWeighted-average shares used in computation of earnings per share:\nBasic 10,005 10,117 10,189 \nDiluted 10,198 10,296 10,189 \nSee accompanying notes to consolidated financial statements.\n37"}


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{"source": "dataset/aws-10-k-2023.pdf", "page": 37, "chroma:document": "Table of Contents\nAMAZON.COM, INC.\nCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)\n(in millions)\n  Year Ended December 31,\n 2020 2021 2022\nNet income (loss) $ 21,331 $ 33,364 $ (2,722)\nOther comprehensive income (loss):\nForeign currency translation adjustments, net of tax of $(36), $47, and $100 561 (819) (2,586)\nNet change in unrealized gains (losses) on available-for-sale debt securities:\nUnrealized gains (losses), net of tax of $(83), $72, and $159 273 (343) (823)\nReclassification adjustment for losses (gains) included in \u201cOther income (expense),\nnet,\u201d net of tax of $8, $13, and $0 (28) (34) 298 \nNet unrealized gains (losses) on available-for-sale debt securities 245 (377) (525)\nTotal other comprehensive income (loss) 806 (1,196) (3,111)\nComprehensive income (loss) $ 22,137 $ 32,168 $ (5,833)\nSee accompanying notes to consolidated financial statements.\n38"}


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{"source": "dataset/aws-10-k-2023.pdf", "page": 38, "chroma:document": "Table of Contents\nAMAZON.COM, INC.\nCONSOLIDATED BALANCE SHEETS\n(in millions, except per share data)\nDecember 31,\n 2021 2022\nASSETS\nCurrent assets:\nCash and cash equivalents $ 36,220 $ 53,888 \nMarketable securities 59,829 16,138 \nInventories 32,640 34,405 \nAccounts receivable, net and other 32,891 42,360 \nTotal current assets 161,580 146,791 \nProperty and equipment, net 160,281 186,715 \nOperating leases 56,082 66,123 \nGoodwill 15,371 20,288 \nOther assets 27,235 42,758 \nTotal assets $ 420,549 $ 462,675 \nLIABILITIES AND STOCKHOLDERS\u2019 EQUITY\nCurrent liabilities:\nAccounts payable $ 78,664 $ 79,600 \nAccrued expenses and other 51,775 62,566 \nUnearned revenue 11,827 13,227 \nTotal current liabilities 142,266 155,393 \nLong-term lease liabilities 67,651 72,968 \nLong-term debt 48,744 67,150 \nOther long-term liabilities 23,643 21,121 \nCommitments and contingencies (Note 7)\nStockholders\u2019 equity:\nPreferred stock ($0.01 par value; 500 shares authorized; no shares issued or outstanding) \u2014 \u2014 \nCommon stock ($0.01 par value; 100,000 shares authorized; 10,644 and 10,757 shares issued; 10,175 and\n10,242 shares outstanding) 106 108 \nTreasury stock, at cost (1,837) (7,837)\nAdditional paid-in capital 55,437 75,066 \nAccumulated other comprehensive income (loss) (1,376) (4,487)\nRetained earnings 85,915 83,193 \nTotal stockholders\u2019 equity 138,245 146,043 \nTotal liabilities and stockholders\u2019 equity $ 420,549 $ 462,675 \nSee accompanying notes to consolidated financial statements.\n39"}


created_at: 2024-10-19 14:13:57
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{"source": "dataset/aws-10-k-2023.pdf", "page": 39, "chroma:document": "Table of Contents\nAMAZON.COM, INC.\nCONSOLIDATED STATEMENTS OF STOCKHOLDERS\u2019 EQUITY\n(in millions)\n Common Stock     \n Shares AmountTreasury\nStockAdditional\nPaid-In\nCapitalAccumulated Other\nComprehensive\nIncome (Loss)Retained\nEarningsTotal\nStockholders\u2019\nEquity\nBalance as of January 1, 2020 9,950 $ 104 $ (1,837) $ 33,559 $ (986) $ 31,220 $ 62,060 \nNet income \u2014 \u2014 \u2014 \u2014 \u2014 21,331 21,331 \nOther comprehensive income (loss) \u2014 \u2014 \u2014 \u2014 806 \u2014 806 \nStock-based compensation and issuance of employee\nbenefit plan stock 116 1 \u2014 9,206 \u2014 \u2014 9,207 \nBalance as of December 31, 2020 10,066 105 (1,837) 42,765 (180) 52,551 93,404 \nNet income \u2014 \u2014 \u2014 \u2014 \u2014 33,364 33,364 \nOther comprehensive income (loss) \u2014 \u2014 \u2014 \u2014 (1,196) \u2014 (1,196)\nStock-based compensation and issuance of employee\nbenefit plan stock 109 1 \u2014 12,672 \u2014 \u2014 12,673 \nBalance as of December 31, 2021 10,175 106 (1,837) 55,437 (1,376) 85,915 138,245 \nNet loss \u2014 \u2014 \u2014 \u2014 \u2014 (2,722) (2,722)\nOther comprehensive income (loss) \u2014 \u2014 \u2014 \u2014 (3,111) \u2014 (3,111)\nStock-based compensation and issuance of employee\nbenefit plan stock 113 2 \u2014 19,629 \u2014 \u2014 19,631 \nCommon stock repurchased (46) \u2014 (6,000) \u2014 \u2014 \u2014 (6,000)\nBalance as of December 31, 2022 10,242 $ 108 $ (7,837) $ 75,066 $ (4,487) $ 83,193 $ 146,043 \nSee accompanying notes to consolidated financial statements.\n40"}


created_at: 2024-10-19 14:13:57
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{"source": "dataset/aws-10-k-2023.pdf", "page": 40, "chroma:document": "Table of Contents\nAMAZON.COM, INC.\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\nNote 1 \u2014 DESCRIPTION OF BUSINESS, ACCOUNTING POLICIES, AND SUPPLEMENTAL DISCLOSURES\nDescription of Business\nWe seek to be Earth\u2019s most customer-centric company. In each of our segments, we serve our primary customer sets, consisting of consumers, sellers,\ndevelopers, enterprises, content creators, advertisers, and employees. We serve consumers through our online and physical stores and focus on selection, price,\nand convenience. We offer programs that enable sellers to grow their businesses, sell their products in our stores, and fulfill orders through us, and programs\nthat allow authors, independent publishers, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. We serve\ndevelopers and enterprises of all sizes through AWS, which offers a broad set of on-demand technology services, including compute, storage, database,\nanalytics, and machine learning, and other services. We also manufacture and sell electronic devices. In addition, we provide advertising services to sellers,\nvendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.\nWe have organized our operations into three segments: North America, International, and AWS. See \u201cNote 10 \u2014 Segment Information.\u201d\nCommon Stock Split\nOn May 27, 2022, we effected a 20-for-1 stock split of our common stock and proportionately increased the number of authorized shares of common\nstock. All share, restricted stock unit (\u201cRSU\u201d), and per share or per RSU information throughout this Annual Report on Form 10-K has been retroactively\nadjusted to reflect the stock split. The shares of common stock retain a par value of $0.01 per share. Accordingly, an amount equal to the par value of the\nincreased shares resulting from the stock split was reclassified from \u201cAdditional paid-in capital\u201d to \u201cCommon stock.\u201d\nPrior Period Reclassifications\nCertain prior period amounts have been reclassified to conform to the current period presentation. \u201cOther operating expense (income), net\u201d was\nreclassified into \u201cDepreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other\u201d on our consolidated\nstatements of cash flows.\nPrinciples of Consolidation"}


created_at: 2024-10-19 14:13:57
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{"source": "dataset/aws-10-k-2023.pdf", "page": 40, "chroma:document": "statements of cash flows.\nPrinciples of Consolidation\nThe consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the \u201cCompany\u201d), consisting of\nits wholly-owned subsidiaries and those entities in which we have a variable interest and of which we are the primary beneficiary, including certain entities in\nIndia and certain entities that support our seller lending financing activities. Intercompany balances and transactions between consolidated entities are\neliminated.\nUse of Estimates\nThe preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and\nliabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates\nare used for, but not limited to, income taxes, useful lives of equipment, commitments and contingencies, valuation of acquired intangibles and goodwill, stock-\nbased compensation forfeiture rates, vendor funding, inventory valuation, collectability of receivables, impairment of property and equipment and operating\nleases, valuation and impairment of investments, self-insurance liabilities, and viewing patterns of capitalized video content. Actual results could differ\nmaterially from these estimates. We review the useful lives of equipment on an ongoing basis, and effective January 1, 2022 we changed our estimate of the\nuseful lives for our servers from four years to five years and for our networking equipment from five years to six years. The longer useful lives are due to\ncontinuous improvements in our hardware, software, and data center designs. The effect of this change in estimate for the year ended December 31, 2022,\nbased on servers and networking equipment that were included in \u201cProperty and equipment, net\u201d as of December 31, 2021 and those acquired during the year\nended December 31, 2022, was a reduction in depreciation and amortization expense of $3.6 billion and a benefit to net loss of $2.8 billion, or $0.28 per basic\nshare and $0.28 per diluted share.\nFor the year ended December 31, 2022, we recorded approximately $1.1 billion, of which $720 million was recorded in the fourth quarter, of\nimpairments of property and equipment and operating leases primarily related to physical stores. These charges were recorded in \u201cOther operating expense"}


created_at: 2024-10-19 14:13:57
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{"source": "dataset/aws-10-k-2023.pdf", "page": 40, "chroma:document": "(income), net\u201d on our consolidated statements of operations and primarily impacted our North America segment. For the year ended December 31, 2022, we\nalso recorded expenses of approximately\n41"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
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{"source": "dataset/aws-10-k-2023.pdf", "page": 41, "chroma:document": "Table of Contents\n$480 million primarily in \u201cFulfillment\u201d on our consolidated statements of operations relating to terminating contracts for certain leases not yet commenced as\nwell as other purchase commitments, which primarily impacted our North America segment.\nFor the year ended December 31, 2022, we recorded approximately $720 million, of which $640 million was recorded in the fourth quarter, of estimated\nseverance costs primarily related to planned role eliminations. These charges were recorded primarily in \u201cTechnology and content,\u201d \u201cFulfillment,\u201d and\n\u201cGeneral and administrative\u201d on our consolidated statements of operations and primarily impacted our North America segment.\nSupplemental Cash Flow Information\nThe following table shows supplemental cash flow information (in millions):\nYear Ended December 31,\n2020 2021 2022\nSUPPLEMENT AL CASH FLOW  INFORMA TION:\nCash paid for interest on debt $ 916 $ 1,098 $ 1,561 \nCash paid for operating leases $ 4,475 $ 6,722 $ 8,633 \nCash paid for interest on finance leases $ 612 $ 521 $ 374 \nCash paid for interest on financing obligations $ 102 $ 153 $ 207 \nCash paid for income taxes, net of refunds $ 1,713 $ 3,688 $ 6,035 \nAssets acquired under operating leases $ 16,217 $ 25,369 $ 18,800 \nProperty and equipment acquired under finance leases, net of remeasurements and modifications $ 11,588 $ 7,061 $ 675 \nProperty and equipment recognized during the construction period of build-to-suit lease arrangements $ 2,267 $ 5,846 $ 3,187 \nProperty and equipment derecognized after the construction period of build-to-suit lease arrangements, with\nthe associated leases recognized as operating $ \u2014 $ 230 $ 5,158 \nEarnings Per Share\nBasic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our\nweighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we\nhave a net loss, stock awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect.\nThe following table shows the calculation of diluted shares (in millions):"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
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{"source": "dataset/aws-10-k-2023.pdf", "page": 41, "chroma:document": "The following table shows the calculation of diluted shares (in millions):\n  Year Ended December 31,\n 2020 2021 2022\nShares used in computation of basic earnings per share 10,005 10,117 10,189 \nTotal dilutive effect of outstanding stock awards 193 179 \u2014 \nShares used in computation of diluted earnings per share 10,198 10,296 10,189 \nRevenue\nRevenue is measured based on the amount of consideration that we expect to receive, reduced by estimates for return allowances, promotional discounts,\nand rebates. Revenue also excludes any amounts collected on behalf of third parties, including sales and indirect taxes. In arrangements where we have\nmultiple performance obligations, the transaction price is allocated to each performance obligation using the relative stand-alone selling price. We generally\ndetermine stand-alone selling prices based on the prices charged to customers or using expected cost plus a margin.\nA description of our principal revenue generating activities is as follows:\nRetail sales - We offer consumer products through our online and physical stores. Revenue is recognized when control of the goods is transferred to the\ncustomer, which generally occurs upon our delivery to a third-party carrier or, in the case of an Amazon delivery, to the customer.\nThird-party seller services - We offer programs that enable sellers to sell their products in our stores, and fulfill orders through us. We are not the seller of\nrecord in these transactions. The commissions and any related fulfillment and shipping fees we earn from these arrangements are recognized when the services\nare rendered, which generally occurs upon delivery of the related products to a third-party carrier or, in the case of an Amazon delivery, to the customer.\n42"}


created_at: 2024-10-19 14:13:57
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{"source": "dataset/aws-10-k-2023.pdf", "page": 42, "chroma:document": "Table of Contents\nSubscription services - Our subscription sales include fees associated with Amazon Prime memberships and access to content including digital video,\naudiobooks, digital music, e-books, and other non-AWS subscription services. Prime memberships provide our customers with access to an evolving suite of\nbenefits that represent a single stand-ready obligation. Subscriptions are paid for at the time of or in advance of delivering the services. Revenue from such\narrangements is recognized over the subscription period.\nAdvertising services - We provide advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads,\ndisplay, and video advertising. Revenue is recognized as ads are delivered based on the number of clicks or impressions.\nAWS - Our AWS arrangements include global sales of compute, storage, database, and other services. Revenue is allocated to services using stand-alone\nselling prices and is primarily recognized when the customer uses these services, based on the quantity of services rendered, such as compute or storage\ncapacity delivered on-demand. Certain services, including compute and database, are also offered as a fixed quantity over a specified term, for which revenue is\nrecognized ratably. Sales commissions we pay in connection with contracts that exceed one year are capitalized and amortized over the contract term.\nOther - Other revenue includes sales related to various other offerings, such as certain licensing and distribution of video content and shipping services,\nand our co-branded credit card agreements. Revenue is recognized when content is licensed or distributed and as or when services are performed.\nReturn Allowances\nReturn allowances, which reduce revenue and cost of sales, are estimated using historical experience. Liabilities for return allowances are included in\n\u201cAccrued expenses and other\u201d and were $859 million, $1.0 billion, and $1.3 billion as of December 31, 2020, 2021, and 2022. Additions to the allowance were\n$3.5 billion, $5.1 billion, and $5.5 billion and deductions from the allowance were $3.6 billion, $4.9 billion, and $5.2 billion in 2020, 2021, and 2022. Included\nin \u201cInventories\u201d on our consolidated balance sheets are assets totaling $852 million, $882 million, and $948 million as of December 31, 2020, 2021, and 2022,"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
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{"source": "dataset/aws-10-k-2023.pdf", "page": 42, "chroma:document": "for the rights to recover products from customers associated with our liabilities for return allowances.\nCost of Sales\nCost of sales primarily consists of the purchase price of consumer products, inbound and outbound shipping costs, including costs related to sortation and\ndelivery centers and where we are the transportation service provider, and digital media content costs where we record revenue gross, including video and\nmusic. Shipping costs to receive products from our suppliers are included in our inventory, and recognized as cost of sales upon sale of products to our\ncustomers. Payment processing and related transaction costs, including those associated with seller transactions, are classified in \u201cFulfillment\u201d on our\nconsolidated statements of operations.\nVendor Agreements\nWe have agreements with our vendors to receive consideration primarily for cooperative marketing efforts, promotions, incentives, and volume\nrebates. We generally consider these amounts received from vendors to be a reduction of the prices we pay for their goods, including property and equipment,\nor services, and are recorded as a reduction of the cost of inventory, cost of services, or cost of property and equipment. Volume rebates typically depend on\nreaching minimum purchase thresholds. We evaluate the likelihood of reaching purchase thresholds using past experience and current year forecasts. When\nvolume rebates can be reasonably estimated, we record a portion of the rebate as we make progress towards the purchase threshold.\nFulfillment\nFulfillment costs primarily consist of those costs incurred in operating and staffing our North America and International segments\u2019 fulfillment centers,\nphysical stores, and customer service centers, including facilities and equipment expenses, such as depreciation and amortization, and rent; costs attributable to\nbuying, receiving, inspecting, and warehousing inventories; picking, packaging, and preparing customer orders for shipment; payment processing and related\ntransaction costs, including costs associated with our guarantee for certain seller transactions; responding to inquiries from customers; and supply chain\nmanagement for our manufactured electronic devices. Fulfillment costs also include amounts paid to third parties that assist us in fulfillment and customer\nservice operations.\n43"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
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{"source": "dataset/aws-10-k-2023.pdf", "page": 43, "chroma:document": "Table of Contents\nTechnology and Content\nTechnology and content costs include payroll and related expenses for employees involved in the research and development of new and existing products\nand services, development, design, and maintenance of our stores, curation and display of products and services made available in our online stores, and\ninfrastructure costs. Infrastructure costs include servers, networking equipment, and data center related depreciation and amortization, rent, utilities, and other\nexpenses necessary to support AWS and other Amazon businesses. Collectively, these costs reflect the investments we make in order to offer a wide variety of\nproducts and services to our customers, including expenditures related to initiatives to build and deploy innovative and efficient software and electronic devices\nand the development of a satellite network for global broadband service and autonomous vehicles for ride-hailing services. Technology and content costs are\ngenerally expensed as incurred.\nSales and Marketing\nSales and marketing costs include advertising and payroll and related expenses for personnel engaged in marketing and selling activities, including sales\ncommissions related to AWS. We pay commissions to third parties when their customer referrals result in sales. We also participate in cooperative advertising\narrangements with certain of our vendors, and other third parties.\nAdvertising and other promotional costs to market our products and services are expensed as incurred and were $10.9 billion, $16.9 billion, and $20.6\nbillion in 2020, 2021, and 2022.\nGeneral and Administrative\nGeneral and administrative expenses primarily consist of costs for corporate functions, including payroll and related expenses; facilities and equipment\nexpenses, such as depreciation and amortization expense and rent; and professional fees.\nStock-Based Compensation\nCompensation cost for all equity-classified stock awards expected to vest is measured at fair value on the date of grant and recognized over the service\nperiod. The fair value of restricted stock units is determined based on the number of shares granted and the quoted price of our common stock. Such value is\nrecognized as expense over the service period, net of estimated forfeitures, using the accelerated method. The estimated number of stock awards that will\nultimately vest requires judgment, and to the extent actual results or updated estimates differ from our current estimates, such amounts will be recorded as a\ncumulative adjustment in the period estimates are revised. We consider many factors when estimating expected forfeitures, including historical forfeiture\nexperience by grant year and employee level. Additionally, stock-based compensation includes stock appreciation rights that are expected to settle in cash."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
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{"source": "dataset/aws-10-k-2023.pdf", "page": 43, "chroma:document": "These liability-classified awards are remeasured to fair value at the end of each reporting period until settlement or expiration.\nOther Operating Expense (Income), Net\nOther operating expense (income), net, consists primarily of the amortization of intangible assets and, for 2020, a benefit from accelerated vesting of\nwarrants to acquire equity of a vendor partially offset by a lease impairment and, for 2022, $1.1 billion of impairments of property and equipment and\noperating leases.\nOther Income (Expense), Net\nOther income (expense), net, is as follows (in millions):\nYear Ended December 31,\n2020 2021 2022\nMarketable equity securities valuation gains (losses) $ 525 $ 11,526 $ (13,870)\nEquity warrant valuation gains (losses) 1,527 1,315 (2,132)\nUpward adjustments relating to equity investments in private companies 342 1,866 76 \nForeign currency gains (losses) 35 (55) (340)\nOther, net (58) (19) (540)\nTotal other income (expense), net 2,371 14,633 (16,806)\n44"}


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{"source": "dataset/aws-10-k-2023.pdf", "page": 44, "chroma:document": "Table of Contents\nIncluded in other income (expense), net in 2021 and 2022 is a marketable equity securities valuation gain (loss) of $11.8 billion and $(12.7) billion from\nour equity investment in Rivian Automotive, Inc. (\u201cRivian\u201d). Our investment in Rivian\u2019s preferred stock was accounted for at cost, with adjustments for\nobservable changes in prices or impairments, prior to Rivian\u2019s initial public offering in November 2021, which resulted in the conversion of our preferred stock\nto Class A common stock. As of December 31, 2022, we held 158 million shares of Rivian\u2019s Class A common stock, representing an approximate 17%\nownership interest, and an approximate 16% voting interest. We determined that we have the ability to exercise significant influence over Rivian through our\nequity investment, our commercial arrangement for the purchase of electric vehicles, and one of our employees serving on Rivian\u2019s board of directors. We\nelected the fair value option to account for our equity investment in Rivian, which is included in \u201cMarketable securities\u201d on our consolidated balance sheets.\nRequired summarized financial information of Rivian as disclosed in its most recent SEC filings is as follows (in millions):\nYear Ended\nDecember 31, 2020Year Ended\nDecember 31, 2021Nine Months Ended\nSeptember 30, 2022\nRevenues $ \u2014 $ 55 $ 995 \nGross profit \u2014 (465) (2,123)\nLoss from operations (1,021) (4,220) (5,061)\nNet loss (1,018) (4,688) (5,029)\nDecember 31, 2021 September 30, 2022\nTotal current assets $ 18,559 $ 14,424 \nTotal assets 22,294 19,023 \nTotal current liabilities 1,313 2,109 \nTotal liabilities 2,780 3,686 \nIncome Taxes\nIncome tax expense includes U.S. (federal and state) and foreign income taxes. Certain foreign subsidiary earnings and losses are subject to current U.S.\ntaxation and the subsequent repatriation of those earnings is not subject to tax in the U.S. We intend to invest substantially all of our foreign subsidiary"}


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{"source": "dataset/aws-10-k-2023.pdf", "page": 44, "chroma:document": "earnings, as well as our capital in our foreign subsidiaries, indefinitely outside of the U.S. in those jurisdictions in which we would incur significant, additional\ncosts upon repatriation of such amounts.\nDeferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax bases, as\nwell as net operating loss and tax credit carryforwards, and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered.\nDeferred tax assets represent amounts available to reduce income taxes payable in future periods. Deferred tax assets are evaluated for future realization\nand reduced by a valuation allowance to the extent we believe they will not be realized. We consider many factors when assessing the likelihood of future\nrealization of our deferred tax assets, including recent cumulative loss experience and expectations of future earnings, capital gains and investment in such\njurisdiction, the carry-forward periods available to us for tax reporting purposes, and other relevant factors.\nWe utilize a two-step approach to recognizing and measuring uncertain income tax positions (tax contingencies). The first step is to evaluate the tax\nposition for recognition by determining if the weight of available evidence indicates it is more likely than not the position will be sustained on audit, including\nresolution of related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount which is more than 50% likely of being\nrealized upon ultimate settlement. We consider many factors when evaluating our tax positions and estimating our tax benefits, which may require periodic\nadjustments and which may not accurately forecast actual outcomes. We include interest and penalties related to our tax contingencies in income tax expense.\nFair Value of Financial Instruments\nFair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants\nat the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to\nmeasure fair value:\nLevel 1 \u2014 Valuations based on quoted prices for identical assets and liabilities in active markets.\n45"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597bd98-8e1f-11ef-b504-acde48001122
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{"source": "dataset/aws-10-k-2023.pdf", "page": 45, "chroma:document": "Table of Contents\nLevel 2 \u2014 Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and\nliabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are\nobservable or can be corroborated by observable market data.\nLevel 3 \u2014 Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by\nother market participants. These valuations require significant judgment.\nWe measure the fair value of money market funds and certain marketable equity securities based on quoted prices in active markets for identical assets or\nliabilities. Other marketable securities were valued either based on recent trades of securities in inactive markets or based on quoted market prices of similar\ninstruments and other significant inputs derived from or corroborated by observable market data. We did not hold significant amounts of marketable securities\ncategorized as Level 3 assets as of December 31, 2021 and 2022.\nWe hold equity warrants giving us the right to acquire stock of other companies. As of December 31, 2021 and 2022, these warrants had a fair value of\n$3.4 billion and $2.1 billion, and are recorded within \u201cOther assets\u201d on our consolidated balance sheets with gains and losses recognized in \u201cOther income\n(expense), net\u201d on our consolidated statements of operations. These warrants are primarily classified as Level 2 assets.\nCash and Cash Equivalents\nWe classify all highly liquid instruments with an original maturity of three months or less as cash equivalents.\nInventories\nInventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost\nand net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such\nas through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The\ninventory valuation allowance, representing a write-down of inventory, was $2.6 billion and $2.8 billion as of December 31, 2021 and 2022.\nWe provide Fulfillment by Amazon services in connection with certain of our sellers\u2019 programs. Third-party sellers maintain ownership of their"}


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{"source": "dataset/aws-10-k-2023.pdf", "page": 45, "chroma:document": "inventory, regardless of whether fulfillment is provided by us or the third-party sellers, and therefore these products are not included in our inventories.\nWe also purchase electronic device components from a variety of suppliers and use several contract manufacturers to provide manufacturing services for\nour products. During the normal course of business, in order to manage manufacturing lead times and help ensure adequate supply, we enter into agreements\nwith contract manufacturers and suppliers for certain electronic device components. We have certain non-cancellable purchase commitments arising from these\nagreements. These commitments are based on forecasted customer demand. If we reduce these commitments, we may incur additional costs. We also have\nfirm, non-cancellable commitments for certain products offered in our Whole Foods Market stores.\nAccounts Receivable, Net and Other\nIncluded in \u201cAccounts receivable, net and other\u201d on our consolidated balance sheets are amounts primarily related to customers, vendors, and sellers. As\nof December 31, 2021 and 2022, customer receivables, net, were $20.2 billion and $26.6 billion, vendor receivables, net, were $5.3 billion and $6.9 billion, and\nseller receivables, net, were $1.0 billion and $1.3 billion. Seller receivables are amounts due from sellers related to our seller lending program, which provides\nfunding to sellers primarily to procure inventory.\nWe estimate losses on receivables based on expected losses, including our historical experience of actual losses. Receivables are considered impaired and\nwritten-off when it is probable that all contractual payments due will not be collected in accordance with the terms of the agreement. The allowance for\ndoubtful accounts was $1.1 billion, $1.1 billion, and $1.4 billion as of December 31, 2020, 2021, and 2022. Additions to the allowance were $1.4 billion, $1.0\nbillion, and $1.6 billion, and deductions to the allowance were $1.0 billion, $1.1 billion, and $1.3 billion in 2020, 2021, and 2022.\nSoftware Development Costs\nWe incur software development costs related to products to be sold, leased, or marketed to external users, internal-use software, and our websites."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597be10-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 45, "chroma:document": "Software development costs capitalized were not significant for the years presented. All other costs, including those related to design or maintenance, are\nexpensed as incurred.\n46"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597be4c-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 46, "chroma:document": "Table of Contents\nProperty and Equipment, Net\nProperty and equipment are stated at cost less accumulated depreciation and amortization. Incentives that we receive from property and equipment\nvendors are recorded as a reduction to our costs. Property includes buildings and land that we own, along with property we have acquired under build-to-suit\nlease arrangements when we have control over the building during the construction period and finance lease arrangements. Equipment includes assets such as\nservers and networking equipment, heavy equipment, and other fulfillment equipment. Depreciation and amortization is recorded on a straight-line basis over\nthe estimated useful lives of the assets (generally the lesser of 40 years or the remaining life of the underlying building, four years prior to January 1, 2022 and\nfive years subsequent to January 1, 2022 for our servers, five years prior to January 1, 2022 and six years subsequent to January 1, 2022 for our networking\nequipment, ten years for heavy equipment, and three to ten years for other fulfillment equipment). Depreciation and amortization expense is classified within\nthe corresponding operating expense categories on our consolidated statements of operations.\nLeases\nWe categorize leases with contractual terms longer than twelve months as either operating or finance. Finance leases are generally those leases that allow\nus to substantially utilize or pay for the entire asset over its estimated life. Assets acquired under finance leases are recorded in \u201cProperty and equipment, net.\u201d\nAll other leases are categorized as operating leases. Our leases generally have terms that range from one to ten years for equipment and one to twenty years for\nproperty.\nCertain lease contracts include obligations to pay for other services, such as operations and maintenance. For leases of property, we account for these\nother services as a component of the lease. For substantially all other leases, the services are accounted for separately and we allocate payments to the lease and\nother services components based on estimated stand-alone prices.\nLease liabilities are recognized at the present value of the fixed lease payments, reduced by landlord incentives using a discount rate based on similarly\nsecured borrowings available to us. Lease assets are recognized based on the initial present value of the fixed lease payments, reduced by landlord incentives,\nplus any direct costs from executing the leases or lease prepayments reclassified from \u201cOther assets\u201d upon lease commencement. Leasehold improvements are\ncapitalized at cost and amortized over the lesser of their expected useful life or the lease term."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597be7e-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 46, "chroma:document": "When we have the option to extend the lease term, terminate the lease before the contractual expiration date, or purchase the leased asset, and it is\nreasonably certain that we will exercise the option, we consider the option in determining the classification and measurement of the lease. Our leases may\ninclude variable payments based on measures that include changes in price indices, market interest rates, or the level of sales at a physical store, which are\nexpensed as incurred.\nCosts associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease. Finance lease\nassets are amortized within operating expenses on a straight-line basis over the shorter of the estimated useful lives of the assets or, in the instance where title\ndoes not transfer at the end of the lease term, the lease term. The interest component of a finance lease is included in interest expense and recognized using the\neffective interest method over the lease term.\nWe establish assets and liabilities for the present value of estimated future costs to retire long-lived assets at the termination or expiration of a lease. Such\nassets are amortized over the lease period into operating expense, and the recorded liabilities are accreted to the future value of the estimated retirement costs.\nFinancing Obligations\nWe record assets and liabilities for estimated construction costs under build-to-suit lease arrangements when we have control over the building during the\nconstruction period. If we continue to control the building after the construction period, the arrangement is classified as a financing obligation instead of a\nlease. The building is depreciated over the shorter of its useful life or the term of the obligation.\nIf we do not control the building after the construction period ends, the assets and liabilities for construction costs are derecognized, and we classify the\nlease as operating.\nGoodwill and Indefinite-Lived Intangible Assets\nWe evaluate goodwill and indefinite-lived intangible assets for impairment annually or more frequently when an event occurs or circumstances change\nthat indicate the carrying value may not be recoverable. We may elect to utilize a qualitative assessment to evaluate whether it is more likely than not that the\nfair value of a reporting unit or indefinite-lived intangible asset is less than its carrying value and if so, we perform a quantitative test. We compare the carrying\nvalue of each reporting unit and indefinite-lived intangible asset to its estimated fair value and if the fair value is determined to be less than the carrying value,"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597beba-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 46, "chroma:document": "we recognize an impairment loss for the difference. We estimate the fair value of the reporting units using discounted cash\n47"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597bef6-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 47, "chroma:document": "Table of Contents\nflows. Forecasts of future cash flows are based on our best estimate of future net sales and operating expenses, based primarily on expected category\nexpansion, pricing, market segment share, and general economic conditions.\nWe completed the required annual impairment test of goodwill for all reporting units and indefinite-lived intangible assets as of April 1, 2022, resulting\nin no impairments. The fair value of our reporting units substantially exceeded their carrying value. There were no events that caused us to update our annual\nimpairment test. See \u201cNote 5 \u2014 Acquisitions, Goodwill, and Acquired Intangible Assets.\u201d\nOther Assets\nIncluded in \u201cOther assets\u201d on our consolidated balance sheets are amounts primarily related to video and music content, net of accumulated amortization;\nlong-term deferred tax assets; acquired intangible assets, net of accumulated amortization; equity warrant assets and certain equity investments; and satellite\nnetwork launch services deposits. We recognize certain transactions with governments when there is reasonable assurance that incentives included in the\nagreements, such as cash or certain tax credits, will be received and we are able to comply with any related conditions. These incentives are recorded as\nreductions to the cost of related assets or expenses.\nDigital Video and Music Content\nWe obtain video content, inclusive of episodic television and movies, and music content for customers through licensing agreements that have a wide\nrange of licensing provisions including both fixed and variable payment schedules. When the license fee for a specific video or music title is determinable or\nreasonably estimable and the content is available to us, we recognize an asset and a corresponding liability for the amounts owed. We reduce the liability as\npayments are made and we amortize the asset to \u201cCost of sales\u201d on an accelerated basis, based on estimated usage or viewing patterns, or on a straight-line\nbasis. If the licensing fee is not determinable or reasonably estimable, no asset or liability is recorded and licensing costs are expensed as incurred. We also\ndevelop original video content for which the production costs are capitalized and amortized to \u201cCost of sales\u201d predominantly on an accelerated basis that\nfollows the estimated viewing patterns associated with the content. The weighted average remaining life of our capitalized video content is 2.6 years. We\nreview usage and viewing patterns impacting the amortization of capitalized video content on an ongoing basis and reflect any changes prospectively. Changes"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597bf3c-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 47, "chroma:document": "in historical and anticipated viewing patterns are lengthening the weighted average life of our capitalized video content. We anticipate the changes in viewing\npatterns will positively impact 2023 operating income by approximately $1.0 billion, generally ratably throughout the year.\nOur produced and licensed video content is primarily monetized together as a unit, referred to as a film group, in each major geography where we offer\nAmazon Prime memberships. These film groups are evaluated for impairment whenever an event occurs or circumstances change indicating the fair value is\nless than the carrying value. The total capitalized costs of video, which is primarily released content, and music as of December 31, 2021 and 2022 were $10.7\nbillion and $16.7 billion. Total video and music expense was $13.0 billion and $16.6 billion for the year ended December 31, 2021 and 2022. Total video and\nmusic expense includes licensing and production costs associated with content offered within Amazon Prime memberships, and costs associated with digital\nsubscriptions and sold or rented content.\nInvestments\nWe generally invest our excess cash in AAA-rated money market funds and investment grade short- to intermediate-term fixed income securities. Such\ninvestments are included in \u201cCash and cash equivalents\u201d or \u201cMarketable securities\u201d on the accompanying consolidated balance sheets.\nMarketable fixed income securities are classified as available-for-sale and reported at fair value with unrealized gains and losses included in\n\u201cAccumulated other comprehensive income (loss).\u201d Each reporting period, we evaluate whether declines in fair value below carrying value are due to expected\ncredit losses, as well as our ability and intent to hold the investment until a forecasted recovery occurs. Expected credit losses are recorded as an allowance\nthrough \u201cOther income (expense), net\u201d on our consolidated statements of operations.\nEquity investments in private companies for which we do not have the ability to exercise significant influence are accounted for at cost, with adjustments\nfor observable changes in prices or impairments, and are classified as \u201cOther assets\u201d on our consolidated balance sheets with adjustments recognized in \u201cOther\nincome (expense), net\u201d on our consolidated statements of operations. Each reporting period, we perform a qualitative assessment to evaluate whether the\ninvestment is impaired. Our assessment includes a review of recent operating results and trends, recent sales/acquisitions of the investee securities, and other"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597bf6e-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 47, "chroma:document": "publicly available data. If the investment is impaired, we write it down to its estimated fair value. As of December 31, 2021 and 2022, these investments had a\ncarrying value of $603 million and $715 million.\nEquity investments are accounted for using the equity method of accounting, or at fair value if we elect the fair value option, if the investment gives us\nthe ability to exercise significant influence, but not control, over an investee. Equity-method\n48"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597bfaa-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 48, "chroma:document": "Table of Contents\ninvestments are included within \u201cOther assets\u201d on our consolidated balance sheets. Our share of the earnings or losses as reported by equity-method investees,\namortization of basis differences, related gains or losses, and impairments, if any, are recognized in \u201cEquity-method investment activity, net of tax\u201d on our\nconsolidated statements of operations. Each reporting period, we evaluate whether declines in fair value below carrying value are other-than-temporary and if\nso, we write down the investment to its estimated fair value.\nEquity investments that have readily determinable fair values, including investments for which we have elected the fair value option, are included in\n\u201cMarketable securities\u201d on our consolidated balance sheets and measured at fair value with changes recognized in \u201cOther income (expense), net\u201d on our\nconsolidated statements of operations.\nLong-Lived Assets\nLong-lived assets, other than goodwill and indefinite-lived intangible assets, are reviewed for impairment whenever events or changes in circumstances\nindicate that the carrying amount of the assets might not be recoverable. Conditions that would necessitate an impairment assessment include a significant\ndecline in the observable market value of an asset, a significant change in the extent or manner in which an asset is used, or any other significant adverse\nchange that would indicate that the carrying amount of an asset or group of assets may not be recoverable.\nFor long-lived assets used in operations, including lease assets, impairment losses are only recorded if the asset\u2019s carrying amount is not recoverable\nthrough its undiscounted, probability-weighted future cash flows. We measure the impairment loss based on the difference between the carrying amount and\nestimated fair value. Long-lived assets are considered held for sale when certain criteria are met, including when management has committed to a plan to sell\nthe asset, the asset is available for sale in its immediate condition, and the sale is probable within one year of the reporting date. Assets held for sale are\nreported at the lower of cost or fair value less costs to sell. Assets held for sale were not significant as of December 31, 2021 and 2022.\nAccrued Expenses and Other\nIncluded in \u201cAccrued expenses and other\u201d on our consolidated balance sheets are liabilities primarily related to leases and asset retirement obligations,\ntax-related liabilities, current debt, payroll and related expenses, unredeemed gift cards, self-insurance liabilities, customer liabilities, marketing liabilities,"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597bfe6-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 48, "chroma:document": "acquired digital media content, and other operating expenses.\nAs of December 31, 2021 and 2022, our liabilities for payroll related expenses were $7.4 billion and $7.7 billion and our liabilities for unredeemed gift\ncards were $5.2 billion and $5.4 billion. We reduce the liability for a gift card when redeemed by a customer. The portion of gift cards that we do not expect to\nbe redeemed is recognized based on customer usage patterns.\nSelf-Insurance Liabilities\nAlthough we maintain certain high-deductible, third-party insurance coverage for catastrophic losses, we effectively self-insure for exposure primarily\nrelated to workers\u2019 compensation, employee health care benefits, general and product liability, and automobile liability, including liability resulting from third-\nparty transportation service providers. We estimate self-insurance liabilities by considering historical claims experience, frequency and costs of claims,\nprojected claims development, inflation, and other actuarial assumptions. Changes in the number or costs of claims, healthcare costs, judgment and settlement\namounts, associated legal expenses, and other factors could cause actual results to differ materially from these estimates. As of December 31, 2021 and 2022,\nour total self-insurance liabilities were $2.2 billion and $4.0 billion and are included in \u201cAccrued expenses and other\u201d on our consolidated balance sheets. In\nthe fourth quarter of 2022, we increased our reserves for general, product, and automobile liabilities by $1.3 billion primarily driven by changes in our\nestimates about the costs of asserted and unasserted claims, which was primarily recorded in \u201cCost of sales\u201d on our consolidated statements of operations and\nimpacted our North America segment.\nUnearned Revenue\nUnearned revenue is recorded when payments are received or due in advance of performing our service obligations and is recognized over the service\nperiod. Unearned revenue primarily relates to prepayments of AWS services and Amazon Prime memberships. Our total unearned revenue as of December 31,\n2021 was $14.0 billion, of which $11.3 billion was recognized as revenue during the year ended December 31, 2022 and our total unearned revenue as of\nDecember 31, 2022 was $16.1 billion. Included in \u201cOther long-term liabilities\u201d on our consolidated balance sheets was $2.2 billion and $2.9 billion of unearned"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c022-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 48, "chroma:document": "revenue as of December 31, 2021 and 2022.\nAdditionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that\nhave not yet been recognized in our financial statements. For contracts with original terms that exceed one year, those commitments not yet recognized were\n$110.4 billion as of December 31, 2022. The weighted average remaining life of our long-term contracts is 3.7 years. However, the amount and timing of\nrevenue recognition is largely driven by customer usage, which can extend beyond the original contractual term.\n49"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c054-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 49, "chroma:document": "Table of Contents\nOther Long-Term Liabilities\nIncluded in \u201cOther long-term liabilities\u201d on our consolidated balance sheets are liabilities primarily related to financing obligations, asset retirement\nobligations, unearned revenue, tax contingencies, digital video and music content, and deferred tax liabilities.\nForeign Currency\nWe have internationally-focused stores for which the net sales generated, as well as most of the related expenses directly incurred from those operations,\nare denominated in local functional currencies. The functional currency of our subsidiaries that either operate or support these stores is generally the same as\nthe local currency. Assets and liabilities of these subsidiaries are translated into U.S. Dollars at period-end foreign exchange rates, and revenues and expenses\nare translated at average rates prevailing throughout the period. Translation adjustments are included in \u201cAccumulated other comprehensive income (loss),\u201d a\nseparate component of stockholders\u2019 equity. Transaction gains and losses including intercompany transactions denominated in a currency other than the\nfunctional currency of the entity involved are included in \u201cOther income (expense), net\u201d on our consolidated statements of operations. In connection with the\nsettlement and remeasurement of intercompany balances, we recorded gains (losses) of $(118) million, $19 million, and $386 million in 2020, 2021, and 2022.\nNote 2 \u2014 FINANCIAL INSTRUMENTS\nCash, Cash Equivalents, Restricted Cash, and Marketable Securities\nAs of December 31, 2021 and 2022, our cash, cash equivalents, restricted cash, and marketable securities primarily consisted of cash, AAA-rated money\nmarket funds, U.S. and foreign government and agency securities, other investment grade securities, and marketable equity securities. Cash equivalents and\nmarketable securities are recorded at fair value. The following table summarizes, by major security type, our cash, cash equivalents, restricted cash, and\nmarketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions):\n December 31, 2021\n  Cost or\nAmortized\nCostGross\nUnrealized\nGainsGross\nUnrealized\nLossesTotal\nEstimated\nFair Value\nCash $ 10,942 $ \u2014 $ \u2014 $ 10,942 \nLevel 1 securities:\nMoney market funds 20,312 \u2014 \u2014 20,312 \nEquity securities (1) 1,646"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c09a-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 49, "chroma:document": "Equity securities (1) 1,646 \nLevel 2 securities:\nForeign government and agency securities 181 \u2014 \u2014 181 \nU.S. government and agency securities 4,316 9 (25) 4,300 \nCorporate debt securities 35,810 75 (121) 35,764 \nAsset-backed securities 6,763 7 (32) 6,738 \nOther fixed income securities 688 2 (4) 686 \nEquity securities (1)(3) 15,740 \n$ 79,012 $ 93 $ (182)$ 96,309 \nLess: Restricted cash, cash equivalents, and marketable securities (2) (260)\nTotal cash, cash equivalents, and marketable securities $ 96,049 \n50"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c108-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 50, "chroma:document": "Table of Contents\n December 31, 2022\n  Cost or\nAmortized\nCostGross\nUnrealized\nGainsGross\nUnrealized\nLossesTotal\nEstimated\nFair Value\nCash $ 10,666 $ \u2014 $ \u2014 $ 10,666 \nLevel 1 securities:\nMoney market funds 27,899 \u2014 \u2014 27,899 \nEquity securities (1)(3) 3,709 \nLevel 2 securities:\nForeign government and agency securities 537 \u2014 (2) 535 \nU.S. government and agency securities 2,301 \u2014 (155) 2,146 \nCorporate debt securities 23,111 \u2014 (484) 22,627 \nAsset-backed securities 2,721 \u2014 (149) 2,572 \nOther fixed income securities 249 \u2014 (12) 237 \n$ 67,484 $ \u2014 $ (802)$ 70,391 \nLess: Restricted cash, cash equivalents, and marketable securities (2) (365)\nTotal cash, cash equivalents, and marketable securities $ 70,026 \n___________________\n(1)The related unrealized gain (loss) recorded in \u201cOther income (expense), net\u201d was $448 million, $11.6 billion, and $(13.6) billion for the years ended\nDecember 31, 2020, 2021, and 2022.\n(2)We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable fixed income securities primarily as collateral for\nreal estate, amounts due to third-party sellers in certain jurisdictions, debt, and standby and trade letters of credit. We classify cash, cash equivalents, and\nmarketable fixed income securities with use restrictions of less than twelve months as \u201cAccounts receivable, net and other\u201d and of twelve months or longer\nas non-current \u201cOther assets\u201d on our consolidated balance sheets. See \u201cNote 7 \u2014 Commitments and Contingencies.\u201d\n(3)Our equity investment in Rivian had a fair value of $15.6 billion and $2.9 billion as of December 31, 2021 and December 31, 2022, respectively. The\ninvestment was subject to regulatory sales restrictions resulting in a discount for lack of marketability of approximately $800 million as of December 31,"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c144-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 50, "chroma:document": "2021, which expired in Q1 2022.\nThe following table summarizes gross gains and gross losses realized on sales of marketable fixed income securities (in millions):\nYear Ended December 31,\n2020 2021 2022\nRealized gains $ 92 $ 85 $ 43 \nRealized losses 56 38 341 \nThe following table summarizes the remaining contractual maturities of our cash equivalents and marketable fixed income securities as of December 31,\n2022 (in millions):\nAmortized\nCostEstimated\nFair Value\nDue within one year $ 46,854 $ 46,782 \nDue after one year through five years 7,622 7,047 \nDue after five years through ten years 602 565 \nDue after ten years 1,740 1,622 \nTotal $ 56,818 $ 56,016 \nActual maturities may differ from the contractual maturities because borrowers may have certain prepayment conditions.\n51"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c180-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 51, "chroma:document": "Table of Contents\nConsolidated Statements of Cash Flows Reconciliation\nThe following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets\nto the total of the same such amounts shown in the consolidated statements of cash flows (in millions):\nDecember 31, 2021 December 31, 2022\nCash and cash equivalents $ 36,220 $ 53,888 \nRestricted cash included in accounts receivable, net and other 242 358 \nRestricted cash included in other assets 15 7 \nTotal cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 36,477 $ 54,253 \nNote 3 \u2014 PROPERTY AND EQUIPMENT\nProperty and equipment, at cost, consisted of the following (in millions): \n December 31,\n 2021 2022\nGross property and equipment (1):\nLand and buildings $ 81,104 $ 91,650 \nEquipment 128,683 157,458 \nOther assets 4,118 4,602 \nConstruction in progress 24,895 30,020 \nGross property and equipment 238,800 283,730 \nTotal accumulated depreciation and amortization (1) 78,519 97,015 \nTotal property and equipment, net $ 160,281 $ 186,715 \n__________________\n(1)Includes the original cost and accumulated depreciation of fully-depreciated assets.\nDepreciation and amortization expense on property and equipment was $16.2 billion, $22.9 billion, and $24.9 billion which includes amortization of\nproperty and equipment acquired under finance leases of $8.5 billion, $9.9 billion, and $6.1 billion for 2020, 2021, and 2022.\n52"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c1c6-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 52, "chroma:document": "Table of Contents\nNote 4 \u2014 LEASES\nWe have entered into non-cancellable operating and finance leases for fulfillment, delivery, office, data center, physical store, and sortation facilities as\nwell as server and networking equipment, vehicles, and aircraft. Gross assets acquired under finance leases, inclusive of those where title transfers at the end of\nthe lease, are recorded in \u201cProperty and equipment, net\u201d and were $72.2 billion and $68.0 billion as of December 31, 2021 and 2022. Accumulated\namortization associated with finance leases was $43.4 billion and $45.2 billion as of December 31, 2021 and 2022.\nLease cost recognized in our consolidated statements of operations is summarized as follows (in millions):\n Year Ended December 31,\n2020 2021 2022\nOperating lease cost $ 5,019 $ 7,199 $ 8,847 \nFinance lease cost:\nAmortization of lease assets 8,452 9,857 6,097 \nInterest on lease liabilities 617 473 361 \nFinance lease cost 9,069 10,330 6,458 \nVariable lease cost 1,238 1,556 1,852 \nTotal lease cost $ 15,326 $ 19,085 $ 17,157 \nOther information about lease amounts recognized in our consolidated financial statements is as follows:\n December 31, 2021 December 31, 2022\n \nWeighted-average remaining lease term \u2013 operating leases 11.3 years 11.6 years\nWeighted-average remaining lease term \u2013 finance leases 8.1 years 10.3 years\nWeighted-average discount rate \u2013 operating leases 2.2 % 2.8 %\nWeighted-average discount rate \u2013 finance leases 2.0 % 2.3 %\nOur lease liabilities were as follows (in millions):\nDecember 31, 2021\n Operating Leases Finance Leases Total\nGross lease liabilities $ 66,269 $ 25,866 $ 92,135 \nLess: imputed interest (7,939) (2,113) (10,052)\nPresent value of lease liabilities 58,330 23,753 82,083"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c1f8-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 52, "chroma:document": "Less: current portion of lease liabilities (6,349) (8,083) (14,432)\nTotal long-term lease liabilities $ 51,981 $ 15,670 $ 67,651 \nDecember 31, 2022\n Operating Leases Finance Leases Total\nGross lease liabilities $ 81,273 $ 18,019 $ 99,292 \nLess: imputed interest (12,233) (2,236) (14,469)\nPresent value of lease liabilities 69,040 15,783 84,823 \nLess: current portion of lease liabilities (7,458) (4,397) (11,855)\nTotal long-term lease liabilities $ 61,582 $ 11,386 $ 72,968 \n53"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c234-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 53, "chroma:document": "Table of Contents\nNote 5 \u2014 ACQUISITIONS, GOODWILL, AND ACQUIRED INTANGIBLE ASSETS\n2020 Acquisition Activity\nDuring 2020, we acquired certain companies for an aggregate purchase price of $1.2 billion, net of cash acquired, of which $1.1 billion was capitalized to\nin-process research and development intangible assets (\u201cIPR&D\u201d).\n2021 Acquisition Activity\nDuring 2021, we acquired certain companies for an aggregate purchase price of $496 million, net of cash acquired.\n2022 Acquisition Activity\nOn March 17, 2022, we acquired MGM Holdings Inc., for cash consideration of approximately $6.1 billion, net of cash acquired, to provide more digital\nmedia content options for customers. We also assumed $2.5 billion of debt, which we repaid immediately after closing. The acquired assets primarily consist of\n$3.4 billion of video content and $4.9 billion of goodwill.\nDuring 2022, we also acquired certain other companies for an aggregate purchase price of $141 million, net of cash acquired.\nPro forma results of operations have not been presented because the effects of the 2022 acquisitions, individually and in the aggregate, were not material\nto our consolidated results of operations. Acquisition-related costs were expensed as incurred and were not significant.\nGoodwill\nThe goodwill of the acquired companies is primarily related to expected improvements in technology performance and functionality, as well as sales\ngrowth from future product and service offerings and new customers, together with certain intangible assets that do not qualify for separate recognition. The\ngoodwill of the acquired companies is generally not deductible for tax purposes. The following summarizes our goodwill activity in 2021 and 2022 by segment\n(in millions):\nNorth\nAmerica International AWS Consolidated\nGoodwill - January 1, 2021 $ 12,527 $ 1,288 $ 1,202 $ 15,017 \nNew acquisitions 230 60 76 366 \nOther adjustments (1) 1 (21) 8 (12)\nGoodwill - December 31, 2021 12,758 1,327 1,286 15,371 \nNew acquisitions 3,943 1,054 \u2014 4,997 \nOther adjustments (1) (80) 30 (30) (80)"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c266-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 53, "chroma:document": "Goodwill - December 31, 2022 $ 16,621 $ 2,411 $ 1,256 $ 20,288 \n ___________________\n(1)Primarily includes changes in foreign exchange rates.\n54"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c2a2-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 54, "chroma:document": "Table of Contents\nIntangible Assets\nAcquired identifiable intangible assets are valued primarily by using discounted cash flows. These assets are included within \u201cOther assets\u201d on our\nconsolidated balance sheets and consist of the following (in millions):\n \n December 31,\n 2021 2022\n  Acquired\nIntangibles,\nGross (1)Accumulated\nAmortization (1)Acquired\nIntangibles,\nNetAcquired\nIntangibles,\nGross (1)Accumulated\nAmortization (1)Acquired\nIntangibles,\nNetWeighted\nAverage Life\nRemaining\nFinite-lived intangible assets (2):\nMarketing-related $ 2,286 $ (548)$ 1,738 $ 2,407 $ (601)$ 1,806 18.6\nContract-based 2,327 (565) 1,762 3,661 (813) 2,848 12.8\nTechnology- and content-\nbased 976 (610) 366 883 (643) 240 3.2\nCustomer-related 197 (103) 94 184 (128) 56 2.2\nTotal finite-lived\nintangible assets $ 5,786 $ (1,826)$ 3,960 $ 7,135 $ (2,185)$ 4,950 14.4\nIPR&D and other (3) $ 1,147  $ 1,147 $ 1,147  $ 1,147 \nTotal acquired intangibles$ 6,933 $ (1,826)$ 5,107 $ 8,282 $ (2,185)$ 6,097 \n ___________________\n(1)Excludes the original cost and accumulated amortization of fully-amortized intangibles.\n(2)Finite-lived intangible assets, excluding acquired video content, have estimated useful lives of between one and twenty-five years, and are being amortized\nto operating expenses on a straight-line basis.\n(3)Intangible assets acquired in a business combination that are in-process and used in research and development activities are considered indefinite-lived\nuntil the completion or abandonment of the research and development efforts. Once the research and development efforts are completed, we determine the\nuseful life and begin amortizing the assets."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c2de-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 54, "chroma:document": "useful life and begin amortizing the assets.\nAmortization expense for acquired finite-lived intangibles was $509 million, $512 million, and $604 million in 2020, 2021, and 2022. Expected future\namortization expense of acquired finite-lived intangible assets as of December 31, 2022 is as follows (in millions):\n \nYear Ended December 31,\n2023 $ 530 \n2024 456 \n2025 371 \n2026 324 \n2027 314 \nThereafter 2,955 \n$ 4,950 \n55"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c31a-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 55, "chroma:document": "Table of Contents\nNote 6 \u2014 DEBT\nAs of December 31, 2022, we had $69.5 billion of unsecured senior notes outstanding (the \u201cNotes\u201d), including $12.8 billion issued in April 2022 and\n$8.3 billion issued in December 2022 for general corporate purposes, and $1.0 billion of borrowings under our secured revolving credit facility. Our total long-\nterm debt obligations are as follows (in millions):\nMaturities (1) Stated Interest Rates Effective Interest Rates December 31, 2021 December 31, 2022\n2012 Notes issuance of $3.0 billion 2022 2.50% 2.66% 1,250 \u2014 \n2014 Notes issuance of $6.0 billion 2024 - 2044 3.80% - 4.95% 3.90% - 5.12% 4,000 4,000 \n2017 Notes issuance of $17.0 billion 2023 - 2057 2.40% - 5.20% 2.56% - 4.33% 16,000 16,000 \n2020 Notes issuance of $10.0 billion 2023 - 2060 0.40% - 2.70% 0.56% - 2.77% 10,000 10,000 \n2021 Notes issuance of $18.5 billion 2023 - 2061 0.25% - 3.25% 0.35% - 3.31% 18,500 18,500 \nApril 2022 Notes issuance of $12.8 billion 2024 - 2062 2.73% - 4.10% 2.83% - 4.15% \u2014 12,750 \nDecember 2022 Notes issuance of $8.3 billion 2024 - 2032 4.55% - 4.70% 4.61% - 4.83% \u2014 8,250 \nCredit Facility 803 1,042 \nTotal face value of long-term debt 50,553 70,542 \nUnamortized discount and issuance costs, net (318) (393)"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c34c-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 55, "chroma:document": "Less: current portion of long-term debt (1,491) (2,999)\nLong-term debt $ 48,744 $ 67,150 \n___________________\n(1)The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, and December 2022 Notes were 12.6, 14.2, 16.7, 13.3, 13.3, and 5.9\nyears as of December 31, 2022. The combined weighted-average remaining life of the Notes was 13.1 years as of December 31, 2022.\nInterest on the Notes is payable semi-annually in arrears. We may redeem the Notes at any time in whole, or from time to time, in part at specified\nredemption prices. We are not subject to any financial covenants under the Notes. The estimated fair value of the Notes was approximately $53.3 billion and\n$61.4 billion as of December 31, 2021 and 2022, which is based on quoted prices for our debt as of those dates.\nWe have a $1.5 billion secured revolving credit facility with a lender that is secured by certain seller receivables, which we increased from $1.0 billion to\n$1.5 billion in August 2022 and we may from time to time increase in the future subject to lender approval (the \u201cCredit Facility\u201d). The Credit Facility is\navailable until August 2025, bears interest based on the daily Secured Overnight Financing Rate plus 1.25%, and has a commitment fee of up to 0.45% on the\nundrawn portion. There were $803 million and $1.0 billion of borrowings outstanding under the Credit Facility as of December 31, 2021 and 2022, which had\nan interest rate of 1.5% and 5.6%, respectively. As of December 31, 2021 and 2022, we have pledged $918 million and $1.2 billion of our cash and seller\nreceivables as collateral for debt related to our Credit Facility. The estimated fair value of the Credit Facility, which is based on Level 2 inputs, approximated\nits carrying value as of December 31, 2021 and 2022."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c392-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 55, "chroma:document": "As of December 31, 2022, future principal payments for our total long-term debt were as follows (in millions):\nYear Ended December 31,\n2023 $ 3,000 \n2024 8,500 \n2025 5,249 \n2026 3,543 \n2027 8,750 \nThereafter 41,500 \n$ 70,542 \nWe have U.S. Dollar and Euro commercial paper programs (the \u201cCommercial Paper Programs\u201d) under which we may from time to time issue unsecured\ncommercial paper up to a total of $20.0 billion (including up to \u20ac3.0 billion) at the date of issue, with individual maturities that may vary but will not exceed\n397 days from the date of issue. In March 2022, we increased the size of the Commercial Paper Programs from $10.0 billion to $20.0 billion. There were $725\nmillion and $6.8 billion of borrowings outstanding under the Commercial Paper Programs as of December 31, 2021 and 2022, which were\n56"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c3ce-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 56, "chroma:document": "Table of Contents\nincluded in \u201cAccrued expenses and other\u201d on our consolidated balance sheets and had a weighted-average effective interest rate, including issuance costs, of\n0.08% and 4.47%, respectively. We use the net proceeds from the issuance of commercial paper for general corporate purposes.\nWe have a $10.0 billion unsecured revolving credit facility with a syndicate of lenders (the \u201cCredit Agreement\u201d), which was amended and restated in\nMarch 2022 to increase the borrowing capacity from $7.0 billion to $10.0 billion and to extend the term to March 2025. It may be extended for up to three\nadditional one-year terms if approved by the lenders. The interest rate applicable to outstanding balances under the Credit Agreement is the applicable\nbenchmark rate specified in the Credit Agreement plus 0.45%, with a commitment fee of 0.03% on the undrawn portion of the credit facility. There were no\nborrowings outstanding under the Credit Agreement as of December 31, 2021 and 2022.\nIn November 2022, we entered into a $10.0 billion unsecured 364-day revolving credit facility with a syndicate of lenders (the \u201cShort-Term Credit\nAgreement\u201d), which matures in November 2023 and may be extended for one additional period of 364 days if approved by the lenders. The interest rate\napplicable to outstanding balances under the Short-Term Credit Agreement is the Secured Overnight Financing Rate specified in the Short-Term Credit\nAgreement plus 0.45%, with a commitment fee of 0.05% on the undrawn portion. There were no borrowings outstanding under the Short-Term Credit\nAgreement as of December 31, 2022.\nWe also utilize other short-term credit facilities for working capital purposes. There were $318 million and $1.2 billion of borrowings outstanding under\nthese facilities as of December 31, 2021 and 2022, which were included in \u201cAccrued expenses and other\u201d on our consolidated balance sheets. In addition, we\nhad $6.9 billion of unused letters of credit as of December 31, 2022.\nIn January 2023, we entered into an $8.0 billion unsecured 364-day term loan with a syndicate of lenders (the \u201cTerm Loan\u201d), which matures in January"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c40a-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 56, "chroma:document": "2024 and bears interest at the Secured Overnight Financing Rate specified in the Term Loan plus 0.75%. If we exercise our option to extend the Term Loan\u2019s\nmaturity to January 2025, the interest rate spread will increase from 0.75% to 1.05%. As of the date of this filing, the entire Term Loan is outstanding.\n57"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c43c-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 57, "chroma:document": "Table of Contents\nNote 7 \u2014 COMMITMENTS AND CONTINGENCIES\nCommitments\nThe following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally\ncancellable, as of December 31, 2022 (in millions):\n Year Ended December 31,   \n 2023 2024 2025 2026 2027 Thereafter Total\nLong-term debt principal and interest $ 5,165 $10,618 $ 7,146 $ 5,253 $10,399 $ 63,815 $102,396 \nOperating lease liabilities 9,574 8,658 8,024 7,393 6,675 40,949 81,273 \nFinance lease liabilities, including interest 4,575 2,248 1,422 1,279 1,088 7,407 18,019 \nFinancing obligations, including interest (1) 465 464 456 464 471 6,712 9,032 \nLeases not yet commenced 1,252 2,043 2,185 2,160 2,152 17,237 27,029 \nUnconditional purchase obligations (2) 8,156 7,217 5,366 4,525 3,419 6,093 34,776 \nOther commitments (3)(4) 3,173 1,608 1,027 982 622 8,652 16,064 \nTotal commitments $32,360 $32,856 $25,626 $22,056 $24,826 $150,865 $288,589 \n___________________\n(1)Includes non-cancellable financing obligations for fulfillment, sortation, and data center facilities. Excluding interest, current financing obligations of $196\nmillion and $266 million are recorded within \u201cAccrued expenses and other\u201d and $6.2 billion and $6.7 billion are recorded within \u201cOther long-term\nliabilities\u201d as of December 31, 2021 and 2022. The weighted-average remaining term of the financing obligations was 18.8 years and 17.9 years and the\nweighted-average imputed interest rate was 3.2% and 3.1% as of December 31, 2021 and 2022."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c478-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 57, "chroma:document": "(2)Includes unconditional purchase obligations related to long-term agreements to acquire and license digital media content that are not reflected on the\nconsolidated balance sheets and certain products offered in our Whole Foods Market stores. For those digital media content agreements with variable\nterms, we do not estimate the total obligation beyond any minimum quantities and/or pricing as of the reporting date. Purchase obligations associated with\nrenewal provisions solely at the option of the content provider are included to the extent such commitments are fixed or a minimum amount is specified.\n(3)Includes asset retirement obligations, liabilities associated with digital media content agreements with initial terms greater than one year, and the estimated\ntiming and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction.\n(4)Excludes approximately $4.0 billion of accrued tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of\npayment, if any.\nIn July 2022, we entered into an agreement to acquire 1Life Healthcare, Inc. (One Medical) for approximately $3.9 billion, including its debt, subject to\ncustomary closing conditions. In August 2022, we entered into an agreement to acquire iRobot Corporation for approximately $1.7 billion, including its debt,\nsubject to customary closing conditions. We expect to fund these acquisitions with cash on hand.\nSuppliers\nDuring 2022, no vendor accounted for 10% or more of our purchases. We generally do not have long-term contracts or arrangements with our vendors to\nguarantee the availability of merchandise, particular payment terms, or the extension of credit limits.\nOther Contingencies\nWe are disputing claims and denials of refunds or credits related to various non-income taxes (such as sales, value added, consumption, service, and\nsimilar taxes), including in jurisdictions in which we already collect and remit these taxes. These non-income tax controversies typically relate to (i) the\ntaxability of products and services, including cross-border intercompany transactions, (ii) collection and withholding on transactions with third parties, and (iii)\nthe adequacy of compliance with reporting obligations, including evolving documentation requirements. Due to the inherent complexity and uncertainty of\nthese matters and the judicial and regulatory processes in certain jurisdictions, the final outcome of any such controversies may be materially different from our\nexpectations.\n58"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c4b4-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 58, "chroma:document": "Table of Contents\nLegal Proceedings\nThe Company is involved from time to time in claims, proceedings, and litigation, including the following:\nIn November 2015, Eolas Technologies, Inc. filed a complaint against Amazon.com, Inc. in the United States District Court for the Eastern District of\nTexas. The complaint alleges, among other things, that the use of \u201cinteractive features\u201d on www.amazon.com, including \u201csearch suggestions and search\nresults,\u201d infringes U.S. Patent No. 9,195,507, entitled \u201cDistributed Hypermedia Method and System for Automatically Invoking External Application Providing\nInteraction and Display of Embedded Objects Within a Hypermedia Document.\u201d The complaint sought a judgment of infringement together with costs and\nattorneys\u2019 fees. In February 2016, Eolas filed an amended complaint seeking, among other things, an unspecified amount of damages. In February 2017, Eolas\nalleged in its damages report that in the event of a finding of liability Amazon could be subject to $130 to $250 million in damages. In April 2017, the case was\ntransferred to the United States District Court for the Northern District of California. In May 2022, the district court granted summary judgment holding that\nthe patent is invalid. In June 2022, Eolas filed a notice of appeal. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in this\nmatter.\nIn May 2018, Rensselaer Polytechnic Institute and CF Dynamic Advances LLC filed a complaint against Amazon.com, Inc. in the United States District\nCourt for the Northern District of New York. The complaint alleges, among other things, that \u201cAlexa Voice Software and Alexa enabled devices\u201d infringe U.S.\nPatent No. 7,177,798, entitled \u201cNatural Language Interface Using Constrained Intermediate Dictionary of Results.\u201d The complaint seeks an injunction, an\nunspecified amount of damages, enhanced damages, an ongoing royalty, interest, attorneys\u2019 fees, and costs. We dispute the allegations of wrongdoing and\nintend to defend ourselves vigorously in this matter.\nIn December 2018, Kove IO, Inc. filed a complaint against Amazon Web Services, Inc. in the United States District Court for the Northern District of\nIllinois. The complaint alleges, among other things, that Amazon S3 and DynamoDB infringe U.S. Patent Nos. 7,814,170 and 7,103,640, both entitled"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c4f0-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 58, "chroma:document": "\u201cNetwork Distributed Tracking Wire Transfer Protocol\u201d; and 7,233,978, entitled \u201cMethod and Apparatus for Managing Location Information in a Network\nSeparate from the Data to Which the Location Information Pertains.\u201d The complaint seeks an unspecified amount of damages, enhanced damages, attorneys\u2019\nfees, costs, interest, and injunctive relief. In March 2022, the case was stayed pending resolution of review petitions we filed with the United States Patent and\nTrademark Office. In November 2022, the stay was lifted. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in this matter.\nBeginning in March 2020, with Frame-Wilson v. Amazon.com, Inc. filed in the United States District Court for the Western District of Washington,\nprivate litigants have filed a number of cases in the U.S. and Canada alleging, among other things, price fixing arrangements between Amazon.com, Inc. and\nvendors and third-party sellers in Amazon\u2019s stores, monopolization and attempted monopolization, and consumer protection and unjust enrichment claims.\nAttorneys General for the District of Columbia and California brought similar suits in May 2021 and September 2022 in the Superior Court of the District of\nColumbia and the California Superior Court for the County of San Francisco, respectively. Some of the private cases include allegations of several distinct\npurported classes, including consumers who purchased a product through Amazon\u2019s stores and consumers who purchased a product offered by Amazon\nthrough another e-commerce retailer. The complaints seek billions of dollars of alleged actual damages, treble damages, punitive damages, injunctive relief,\ncivil penalties, attorneys\u2019 fees, and costs. In March 2022 and January 2023, Amazon\u2019s motions to dismiss were granted in part and denied in part in Frame-\nWilson and De Coster v. Amazon.com, Inc. (WD Wash), respectively; both courts dismissed claims alleging that Amazon\u2019s pricing policies are inherently\nillegal and denied dismissal of claims alleging that Amazon\u2019s pricing policies are an unlawful restraint of trade. In March 2022, the DC Superior Court\ndismissed the DC Attorney General\u2019s lawsuit in its entirety; the dismissal is under appeal as of January 2023. We dispute the allegations of wrongdoing and\nintend to defend ourselves vigorously in these matters."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c52c-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 58, "chroma:document": "intend to defend ourselves vigorously in these matters.\nIn October 2020, BroadbandiTV, Inc. filed a complaint against Amazon.com, Inc., Amazon.com Services LLC, and Amazon Web Services, Inc. in the\nUnited States District Court for the Western District of Texas. The complaint alleges, among other things, that certain Amazon Prime Video features and\nservices infringe U.S. Patent Nos. 9,648,388, 10,546,750, and 10,536,751, each entitled \u201cVideo-On-Demand Content Delivery System for Providing Video-On-\nDemand Services to TV Services Subscribers\u201d; 10,028,026, entitled \u201cSystem for Addressing On-Demand TV Program Content on TV Services Platform of a\nDigital TV Services Provider\u201d; and 9,973,825, entitled \u201cDynamic Adjustment of Electronic Program Guide Displays Based on Viewer Preferences for\nMinimizing Navigation in VOD Program Selection.\u201d The complaint seeks an unspecified amount of damages. In April 2022, BroadbandiTV alleged in its\ndamages report that, in the event of a finding of liability, Amazon could be subject to $166 to $986 million in damages. In September 2022, the court granted\nsummary judgment, holding that the patents are invalid. In October 2022, BroadbandiTV filed a notice of appeal. We dispute the allegations of wrongdoing and\nwill continue to defend ourselves vigorously in this matter.\n59"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c568-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 59, "chroma:document": "Table of Contents\nIn November 2020, the European Commission issued a Statement of Objections alleging that Amazon uses data relating to our marketplace sellers in a\nmanner that infringes EU competition rules. The Statement of Objections sought to impose unspecified fines and remedial actions. In December 2022, the\nEuropean Commission adopted formal commitments without fines, fully resolving the investigation.\nIn July 2021, the Luxembourg National Commission for Data Protection (the \u201cCNPD\u201d) issued a decision against Amazon Europe Core S.\u00e0 r.l. claiming\nthat Amazon\u2019s processing of personal data did not comply with the EU General Data Protection Regulation. The decision imposes a fine of \u20ac746 million and\ncorresponding practice revisions. We believe the CNPD\u2019s decision to be without merit and intend to defend ourselves vigorously in this matter.\nIn November 2021, Jawbone Innovations, LLC filed a complaint against Amazon.com, Inc. and Amazon.com Services, Inc. in the United States District\nCourt for the Eastern District of Texas. The complaint alleges, among other things, that Amazon Echo smart speakers and displays, Fire TV Cube, and Echo\nBuds infringe U.S. Patent Nos. 7,246,058, entitled \u201cDetecting Voiced and Unvoiced Speech Using Both Acoustic and Nonacoustic Sensors\u201d; 8,019,091,\nentitled \u201cVoice Activity Detector (VAD)-Based Multiple-Microphone Acoustic Noise Suppression\u201d; 8,280,072, entitled \u201cMicrophone Array with Rear\nVenting\u201d; 8,321,213 and 8,326,611, both entitled \u201cAcoustic Voice Activity Detection (AVAD) for Electronic Systems\u201d; 8,467,543, entitled \u201cMicrophone and\nVoice Activity Detection (VAD) Configurations for Use with Communications Systems\u201d; 8,503,691, entitled \u201cVirtual Microphone Arrays Using Dual\nOmnidirectional Microphone Array (DOMA)\u201d; 10,779,080, entitled \u201cDual Omnidirectional Microphone Array (DOMA)\u201d; and 11,122,357, entitled \u201cForming\nVirtual Microphone Arrays Using Dual Omnidirectional Microphone Array (DOMA).\u201d The complaint seeks an unspecified amount of damages, enhanced\ndamages, attorneys\u2019 fees, costs, interest, and injunctive relief. In November 2022, the case was transferred to the United States District Court for the Northern"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c5a4-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 59, "chroma:document": "District of California. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in this matter.\nIn December 2021, the Italian Competition Authority (the \u201cICA\u201d) issued a decision against Amazon Services Europe S.\u00e0 r.l., Amazon Europe Core S.\u00e0\nr.l., Amazon EU S.\u00e0 r.l., Amazon Italia Services S.r.l., and Amazon Italia Logistica S.r.l. claiming that certain of our marketplace and logistics practices in Italy\ninfringe EU competition rules. The decision imposes remedial actions and a fine of \u20ac1.13 billion, which we are paying and will seek to recover pending\nconclusion of all appeals. We believe the ICA\u2019s decision to be without merit and intend to defend ourselves vigorously in this matter.\nIn July 2022, Acceleration Bay, LLC filed a complaint against Amazon Web Services, Inc. in the United States District Court for the District of\nDelaware. The complaint alleges, among other things, that Amazon EC2, Amazon CloudFront, AWS Lambda, Amazon Lumberyard, Luna, Amazon Prime\nVideo, Twitch, Amazon GameLift, GridMate, Amazon EKS, AWS App Mesh, and Amazon VPC infringe U.S. Patent Nos. 6,701,344, entitled \u201cDistributed\nGame Environment\u201d; 6,714,966, entitled \u201cInformation Delivery Service\u201d; 6,732,147, entitled \u201cLeaving a Broadcast Channel\u201d; 6,829,634, entitled\n\u201cBroadcasting Network\u201d; and 6,910,069, entitled \u201cJoining a Broadcast Channel.\u201d The complaint seeks injunctive relief, an unspecified amount of damages,\nenhanced damages, interest, attorneys\u2019 fees, and costs. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in this matter.\nIn November 2022, LightGuide, Inc. filed a complaint against Amazon.com, Inc. and Amazon.com Services LLC in the United States District Court for\nthe Eastern District of Texas. The complaint alleges, among other things, that Amazon\u2019s Nike Intent Detection System used in certain fulfillment centers\ninfringes U.S. Patent Nos. 7,515,981, entitled \u201cLight Guided Assembly System\u201d; and 9,658,614 and 10,528,036, each entitled \u201cLight Guided Assembly System"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c5e0-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 59, "chroma:document": "and Method.\u201d The complaint seeks an unspecified amount of damages, enhanced damages, attorneys\u2019 fees, costs, interest, and injunctive relief. We dispute the\nallegations of wrongdoing and intend to defend ourselves vigorously in this matter.\nIn addition, we are regularly subject to claims, litigation, and other proceedings, including potential regulatory proceedings, involving patent and other\nintellectual property matters, taxes, labor and employment, competition and antitrust, privacy and data protection, consumer protection, commercial disputes,\ngoods and services offered by us and by third parties, and other matters.\nThe outcomes of our legal proceedings and other contingencies are inherently unpredictable, subject to significant uncertainties, and could be material to\nour operating results and cash flows for a particular period. We evaluate, on a regular basis, developments in our legal proceedings and other contingencies that\ncould affect the amount of liability, including amounts in excess of any previous accruals and reasonably possible losses disclosed, and make adjustments and\nchanges to our accruals and disclosures as appropriate. For the matters we disclose that do not include an estimate of the amount of loss or range of losses, such\nan estimate is not possible or is immaterial, and we may be unable to estimate the possible loss or range of losses that could potentially result from the\napplication of non-monetary remedies. Until the final resolution of such matters, if any of our estimates and assumptions change or prove to have been\nincorrect, we may experience losses in excess of the amounts recorded, which could have a material effect on our business, consolidated financial position,\nresults of operations, or cash flows.\nSee also \u201cNote 9 \u2014 Income Taxes.\u201d\n60"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c61c-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/aws-10-k-2023.pdf", "page": 60, "chroma:document": "Table of Contents\nNote 8 \u2014 STOCKHOLDERS\u2019 EQUITY\nPreferred Stock\nWe have authorized 500 million shares of $0.01 par value preferred stock. No preferred stock was outstanding for any year presented.\nCommon Stock\nCommon shares outstanding plus shares underlying outstanding stock awards totaled 10.4 billion, 10.5 billion, and 10.6 billion, as of December 31,\n2020, 2021, and 2022. These totals include all vested and unvested stock awards outstanding, including those awards we estimate will be forfeited.\nStock Repurchase Activity\nIn March 2022, the Board of Directors authorized a program to repurchase up to $10.0 billion of our common stock, with no fixed expiration, which\nreplaced the previous $5.0 billion stock repurchase authorization, approved by the Board of Directors in February 2016. We repurchased 46.2 million shares of\nour common stock for $6.0 billion in 2022 under these programs. There were no repurchases of common stock in 2020 or 2021. As of December 31, 2022, we\nhave $6.1 billion remaining under the repurchase program.\nStock Award Plans\nEmployees vest in restricted stock unit awards over the corresponding service term, generally between two and five years.\nStock Award Activity\nStock-based compensation expense is as follows (in millions):\nYear Ended December 31,\n2020 2021 2022\nCost of sales $ 283 $ 540 $ 757 \nFulfillment 1,357 1,946 2,745 \nTechnology and content 5,061 6,645 10,621 \nSales and marketing 1,710 2,530 3,875 \nGeneral and administrative 797 1,096 1,623 \nTotal stock-based compensation expense (1) $ 9,208 $ 12,757 $ 19,621 \n___________________\n(1)The related tax benefits were $1.9 billion, $2.7 billion, and $4.3 billion for 2020, 2021, and 2022.\nThe following table summarizes our restricted stock unit activity (in millions):\nNumber of UnitsWeighted Average\nGrant-Date\nFair Value"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c662-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 60, "chroma:document": "Number of UnitsWeighted Average\nGrant-Date\nFair Value\nOutstanding as of January 1, 2020 286.7 $ 73 \nUnits granted 158.6 119 \nUnits vested (115.5) 62 \nUnits forfeited (26.5) 82 \nOutstanding as of December 31, 2020 303.3 100 \nUnits granted 127.3 167 \nUnits vested (108.4) 85 \nUnits forfeited (42.3) 116 \nOutstanding as of December 31, 2021 279.9 134 \nUnits granted 262.8 142 \nUnits vested (113.3) 114 \nUnits forfeited (45.0) 143 \nOutstanding as of December 31, 2022 384.4 144 \n61"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c69e-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/aws-10-k-2023.pdf", "page": 61, "chroma:document": "Table of Contents\nScheduled vesting for outstanding restricted stock units as of December 31, 2022, is as follows (in millions):\n Year Ended    \n 2023 2024 2025 2026 2027 Thereafter Total\nScheduled vesting \u2014 restricted stock units 140.8 136.6 67.3 35.8 1.7 2.2 384.4 \nAs of December 31, 2022, there was $23.8 billion of net unrecognized compensation cost related to unvested stock-based compensation arrangements.\nThis compensation is recognized on an accelerated basis with more than half of the compensation expected to be expensed in the next twelve months, and has a\nremaining weighted-average recognition period of 1.1 years. The estimated forfeiture rate as of December 31, 2020, 2021, and 2022 was 26.7%, 26.5%, and\n26.5%. Changes in our estimates and assumptions relating to forfeitures may cause us to realize material changes in stock-based compensation expense in the\nfuture.\nDuring 2020, 2021, and 2022, the fair value of restricted stock units that vested was $15.5 billion, $18.2 billion, and $12.8 billion.\nCommon Stock Available for Future Issuance\nAs of December 31, 2022, common stock available for future issuance to employees is 1.7 billion shares.\nNote 9 \u2014 INCOME TAXES\nIn 2020, 2021, and 2022, we recorded net tax provision (benefit) of $2.9 billion, $4.8 billion, and $(3.2) billion. Our U.S. taxable income is reduced by\naccelerated depreciation deductions and increased by the impact of capitalized research and development expenses. Cash taxes paid, net of refunds, were\n$1.7 billion, $3.7 billion, and $6.0 billion for 2020, 2021, and 2022.\nCertain foreign subsidiary earnings and losses are subject to current U.S. taxation and the subsequent repatriation of those earnings is not subject to tax in\nthe U.S. The U.S. tax rules also provide for enhanced accelerated depreciation deductions by allowing the election of full expensing of qualified property,"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c6e4-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 61, "chroma:document": "primarily equipment, through 2022. Our federal tax provision included a partial election for 2020 and 2021, and a full election for 2022. Effective January 1,\n2022, research and development expenses are required to be capitalized and amortized for U.S. tax purposes.\nThe components of the provision (benefit) for income taxes, net are as follows (in millions):\n Year Ended December 31,\n2020 2021 2022\nU.S. Federal:\nCurrent $ 1,835 $ 2,129 $ 2,175 \nDeferred (151) 155 (6,686)\nTotal 1,684 2,284 (4,511)\nU.S. State:\nCurrent 626 763 1,074 \nDeferred (190) (178) (1,302)\nTotal 436 585 (228)\nInternational:\nCurrent 956 2,209 1,682 \nDeferred (213) (287) (160)\nTotal 743 1,922 1,522 \nProvision (benefit) for income taxes, net $ 2,863 $ 4,791 $ (3,217)\nU.S. and international components of income (loss) before income taxes are as follows (in millions):\n Year Ended December 31,\n 2020 2021 2022\nU.S. $ 20,219 $ 35,879 $ (8,225)\nInternational 3,959 2,272 2,289 \nIncome (loss) before income taxes $ 24,178 $ 38,151 $ (5,936)\n62"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c734-8e1f-11ef-b504-acde48001122
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metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 62, "chroma:document": "Table of Contents\nThe items accounting for differences between income taxes computed at the federal statutory rate and the provision recorded for income taxes are as\nfollows (in millions):\n Year Ended December 31,\n 2020 2021 2022\nIncome taxes computed at the federal statutory rate $ 5,078 $ 8,012 $ (1,246)\nEffect of:\nTax impact of foreign earnings and losses (538) (1,349) (370)\nState taxes, net of federal benefits 343 465 (173)\nTax credits (639) (1,136) (1,006)\nStock-based compensation (1) (1,107) (1,094) 612 \nForeign income deduction (2) (372) (301) (1,258)\nOther, net 98 194 224 \nTotal $ 2,863 $ 4,791 $ (3,217)\n___________________\n(1)Includes non-deductible stock-based compensation and excess tax benefits or shortfalls from stock-based compensation. Our tax provision includes $1.8\nbillion and $1.9 billion of excess tax benefits from stock-based compensation for 2020 and 2021, and a $33 million tax shortfall from stock-based\ncompensation for 2022.\n(2)U.S. companies are eligible for a deduction that lowers the effective tax rate on certain foreign income. This regime is referred to as the Foreign-Derived\nIntangible Income deduction.\nOur provision for income taxes in 2021 was higher than in 2020 primarily due to an increase in pretax income. This was partially offset by an increase in\nU.S. federal research and development credits and the impact of the distribution of certain intangible assets from Luxembourg to the U.S. in Q4 2021, resulting\nin the utilization of $2.6 billion of Luxembourg deferred tax assets previously subject to a valuation allowance.\nWe generated an income tax benefit in 2022 as compared to a provision for income taxes in 2021 primarily due to a decrease in pretax income and an\nincrease in the foreign income deduction. This was partially offset by a reduction in excess tax benefits from stock-based compensation and a decrease in the\ntax impact of foreign earnings and losses driven by a decline in the favorable effects of corporate restructuring transactions. The foreign income deduction"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c784-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 62, "chroma:document": "benefit recognized in 2022 reflects a change in our application of tax regulations related to the computation of qualifying foreign income and includes an\nincome tax benefit of approximately $655 million related to years prior to 2022.\nWe intend to invest substantially all of our foreign subsidiary earnings, as well as our capital in our foreign subsidiaries, indefinitely outside of the U.S.\nin those jurisdictions in which we would incur significant, additional costs upon repatriation of such amounts.\n63"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c7b6-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 63, "chroma:document": "Table of Contents\nDeferred income tax assets and liabilities are as follows (in millions):\n December 31,\n 2021 2022\nDeferred tax assets (1):\nLoss carryforwards U.S. - Federal/States 228 386 \nLoss carryforwards - Foreign 2,417 2,831 \nAccrued liabilities, reserves, and other expenses 2,821 3,280 \nStock-based compensation 2,738 4,295 \nDepreciation and amortization 941 1,009 \nOperating lease liabilities 15,399 18,285 \nCapitalized research and development \u2014 6,824 \nOther items 603 1,023 \nTax credits 626 950 \nTotal gross deferred tax assets 25,773 38,883 \nLess valuation allowances (2) (3,596) (4,374)\nDeferred tax assets, net of valuation allowances 22,177 34,509 \nDeferred tax liabilities:\nDepreciation and amortization (3,562) (9,039)\nOperating lease assets (14,422) (17,140)\nAssets held for investment (4,019) \u2014 \nOther items (668) (817)\nNet deferred tax assets (liabilities), net of valuation allowances $ (494)$ 7,513 \n ___________________\n(1)Deferred tax assets are presented after tax effects and net of tax contingencies.\n(2)Relates primarily to deferred tax assets that would only be realizable upon the generation of net income in certain foreign taxing jurisdictions or future\ncapital gains, as well as tax credits.\nOur valuation allowances primarily relate to foreign deferred tax assets, including substantially all of our foreign net operating loss carryforwards as of\nDecember 31, 2022. Our foreign net operating loss carryforwards for income tax purposes as of December 31, 2022 were approximately $10.4 billion before\ntax effects and certain of these amounts are subject to annual limitations under applicable tax law. If not utilized, a portion of these losses will begin to expire in\n2023.\nTax Contingencies\nWe are subject to income taxes in the U.S. (federal and state) and numerous foreign jurisdictions. Significant judgment is required in evaluating our tax\npositions and determining our provision for income taxes. During the ordinary course of business, there are many transactions and calculations for which the"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c7f2-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 63, "chroma:document": "ultimate tax determination is uncertain. We establish reserves for tax-related uncertainties based on estimates of whether, and the extent to which, additional\ntaxes will be due. These reserves are established when we believe that certain positions might be challenged despite our belief that our tax return positions are\nfully supportable. We adjust these reserves in light of changing facts and circumstances, such as the outcome of tax audits. The provision for income taxes\nincludes the impact of reserve provisions and changes to reserves that are considered appropriate.\n64"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c824-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 64, "chroma:document": "Table of Contents\nThe reconciliation of our tax contingencies is as follows (in millions):\n December 31,\n 2020 2021 2022\nGross tax contingencies \u2013 January 1 $ 3,923 $ 2,820 $ 3,242 \nGross increases to tax positions in prior periods 88 403 274 \nGross decreases to tax positions in prior periods (465) (354) (172)\nGross increases to current period tax positions 507 507 706 \nSettlements with tax authorities (1,207) (60) (20)\nLapse of statute of limitations (26) (74) (28)\nGross tax contingencies \u2013 December 31 (1) $ 2,820 $ 3,242 $ 4,002 \n ___________________\n(1)As of December 31, 2022, we had approximately $4.0 billion of accrued tax contingencies of which $2.2 billion, if fully recognized, would decrease our\neffective tax rate.\nAs of December 31, 2021 and 2022, we had accrued interest and penalties, net of federal income tax benefit, related to tax contingencies of $110 million\nand $103 million. Interest and penalties, net of federal income tax benefit, recognized for the years ended December 31, 2020, 2021, and 2022 were $(48)\nmillion, $28 million, and $(7) million.\nWe are under examination, or may be subject to examination, by the Internal Revenue Service for the calendar year 2016 and thereafter. These\nexaminations may lead to ordinary course adjustments or proposed adjustments to our taxes or our net operating losses with respect to years under examination\nas well as subsequent periods.\nWe are also subject to taxation in various states and other foreign jurisdictions including China, France, Germany, India, Japan, Luxembourg, and the\nUnited Kingdom. We are under, or may be subject to, audit or examination and additional assessments by the relevant authorities in respect of these particular\njurisdictions primarily for 2011 and thereafter. We are currently disputing tax assessments in multiple jurisdictions, including with respect to the allocation and\ncharacterization of income.\nIn September 2022, the Luxembourg Tax Authority (\u201cLTA\u201d) denied the tax basis of certain intangible assets that we distributed from Luxembourg to the"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c860-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 64, "chroma:document": "U.S. in 2021. We believe the LTA\u2019s position is without merit and intend to defend ourselves vigorously in this matter.\nIn February 2023, we received a decision by the Indian Tax Authority (\u201cITA\u201d) that tax applies to cloud services fees paid to the U.S. We will need to\nremit taxes on the services in question, including for a portion of prior years, until this matter is resolved, which payments could be significant in the aggregate.\nWe believe the ITA\u2019s decision is without merit, we intend to defend our position vigorously, and we expect to recoup taxes paid. If this matter is adversely\nresolved, we would reflect significant additional tax expense, including for taxes previously paid.\nIn October 2014, the European Commission opened a formal investigation to examine whether decisions by the tax authorities in Luxembourg with\nregard to the corporate income tax paid by certain of our subsidiaries comply with European Union rules on state aid. On October 4, 2017, the European\nCommission announced its decision that determinations by the tax authorities in Luxembourg did not comply with European Union rules on state aid. Based on\nthat decision the European Commission announced an estimated recovery amount of approximately \u20ac250 million, plus interest, for the period May 2006\nthrough June 2014, and ordered Luxembourg tax authorities to calculate the actual amount of additional taxes subject to recovery. Luxembourg computed an\ninitial recovery amount, consistent with the European Commission\u2019s decision, which we deposited into escrow in March 2018, subject to adjustment pending\nconclusion of all appeals. In December 2017, Luxembourg appealed the European Commission\u2019s decision. In May 2018, we appealed. On May 12, 2021, the\nEuropean Union General Court annulled the European Commission\u2019s state aid decision. In July 2021, the European Commission appealed the decision to the\nEuropean Court of Justice. We will continue to defend ourselves vigorously in this matter.\nChanges in tax laws, regulations, administrative practices, principles, and interpretations may impact our tax contingencies. Due to various factors,\nincluding the inherent complexities and uncertainties of the judicial, administrative, and regulatory processes in certain jurisdictions, the timing of the\nresolution of income tax controversies is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities\nmay differ from the amounts accrued. It is reasonably possible that within the next twelve months we will receive additional assessments by various tax"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c892-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 64, "chroma:document": "authorities or possibly reach resolution of income tax controversies in one or more jurisdictions. These assessments or settlements could result in changes to\nour contingencies related to positions on prior years\u2019 tax filings. The actual amount of any change could vary significantly depending on the ultimate timing\nand nature of any settlements. We cannot currently provide an estimate of the range of possible outcomes.\n65"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c8c4-8e1f-11ef-b504-acde48001122
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{"source": "dataset/aws-10-k-2023.pdf", "page": 65, "chroma:document": "Table of Contents\nNote 10 \u2014 SEGMENT INFORMATION\nWe have organized our operations into three segments: North America, International, and AWS. We allocate to segment results the operating expenses\n\u201cFulfillment,\u201d \u201cTechnology and content,\u201d \u201cSales and marketing,\u201d and \u201cGeneral and administrative\u201d based on usage, which is generally reflected in the segment\nin which the costs are incurred. The majority of technology infrastructure costs are allocated to the AWS segment based on usage. The majority of the\nremaining non-infrastructure technology costs are incurred in the U.S. and are allocated to our North America segment. There are no internal revenue\ntransactions between our reportable segments. These segments reflect the way our chief operating decision maker evaluates the Company\u2019s business\nperformance and manages its operations.\nNorth America\nThe North America segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and subscriptions\nthrough North America-focused online and physical stores. This segment includes export sales from these online stores.\nInternational\nThe International segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and subscriptions through\ninternationally-focused online stores. This segment includes export sales from these internationally-focused online stores (including export sales from these\nonline stores to customers in the U.S., Mexico, and Canada), but excludes export sales from our North America-focused online stores.\nAWS\nThe AWS segment consists of amounts earned from global sales of compute, storage, database, and other services for start-ups, enterprises, government\nagencies, and academic institutions.\nInformation on reportable segments and reconciliation to consolidated net income (loss) is as follows (in millions):\n  Year Ended December 31,\n 2020 2021 2022\nNorth America\nNet sales $ 236,282 $ 279,833 $ 315,880 \nOperating expenses 227,631 272,562 318,727 \nOperating income (loss) $ 8,651 $ 7,271 $ (2,847)\nInternational\nNet sales $ 104,412 $ 127,787 $ 118,007 \nOperating expenses 103,695 128,711 125,753 \nOperating income (loss) $ 717 $ (924)$ (7,746)\nAWS\nNet sales $ 45,370 $ 62,202 $ 80,096 \nOperating expenses 31,839 43,670 57,255"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c900-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 65, "chroma:document": "Operating expenses 31,839 43,670 57,255 \nOperating income $ 13,531 $ 18,532 $ 22,841 \nConsolidated\nNet sales $ 386,064 $ 469,822 $ 513,983 \nOperating expenses 363,165 444,943 501,735 \nOperating income 22,899 24,879 12,248 \nTotal non-operating income (expense) 1,279 13,272 (18,184)\nBenefit (provision) for income taxes (2,863) (4,791) 3,217 \nEquity-method investment activity, net of tax 16 4 (3)\nNet income (loss) $ 21,331 $ 33,364 $ (2,722)\n66"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c932-8e1f-11ef-b504-acde48001122
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{"source": "dataset/aws-10-k-2023.pdf", "page": 66, "chroma:document": "Table of Contents\nNet sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions):\n  Year Ended December 31,\n 2020 2021 2022\nNet Sales:\nOnline stores (1) $ 197,346 $ 222,075 $ 220,004 \nPhysical stores (2) 16,227 17,075 18,963 \nThird-party seller services (3) 80,461 103,366 117,716 \nSubscription services (4) 25,207 31,768 35,218 \nAdvertising services (5) 19,773 31,160 37,739 \nAWS 45,370 62,202 80,096 \nOther (6) 1,680 2,176 4,247 \nConsolidated $ 386,064 $ 469,822 $ 513,983 \n___________________\n(1)Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of\nconsumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and\nsoftware. These product sales include digital products sold on a transactional basis. Digital product subscriptions that provide unlimited viewing or usage\nrights are included in \u201cSubscription services.\u201d\n(2)Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our\nphysical stores are included in \u201cOnline stores.\u201d\n(3)Includes commissions and any related fulfillment and shipping fees, and other third-party seller services.\n(4)Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-\nAWS subscription services.\n(5)Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video\nadvertising.\n(6)Includes sales related to various other offerings, such as certain licensing and distribution of video content and shipping services, and our co-branded credit\ncard agreements.\nNet sales are attributed to countries primarily based on country-focused online and physical stores or, for AWS purposes, the selling entity. Net sales"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c96e-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 66, "chroma:document": "attributed to countries that represent a significant portion of consolidated net sales are as follows (in millions):\n Year Ended December 31,\n 2020 2021 2022\nUnited States $ 263,520 $ 314,006 $ 356,113 \nGermany 29,565 37,326 33,598 \nUnited Kingdom 26,483 31,914 30,074 \nJapan 20,461 23,071 24,396 \nRest of world 46,035 63,505 69,802 \nConsolidated $ 386,064 $ 469,822 $ 513,983 \n67"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c9a0-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 67, "chroma:document": "Table of Contents\nTotal segment assets exclude corporate assets, such as cash and cash equivalents, marketable securities, other long-term investments, corporate facilities,\ngoodwill and other acquired intangible assets, and tax assets. Technology infrastructure assets are allocated among the segments based on usage, with the\nmajority allocated to the AWS segment. Total segment assets reconciled to consolidated amounts are as follows (in millions):\n December 31,\n 2020 2021 2022\nNorth America (1) $ 108,405 $ 161,255 $ 185,268 \nInternational (1) 42,212 57,983 64,666 \nAWS (2) 47,574 63,835 88,491 \nCorporate 123,004 137,476 124,250 \nConsolidated $ 321,195 $ 420,549 $ 462,675 \n___________________\n(1)North America and International segment assets primarily consist of property and equipment, operating leases, inventory, and accounts receivable.\n(2)AWS segment assets primarily consist of property and equipment and accounts receivable.\nProperty and equipment, net by segment is as follows (in millions):\n December 31,\n 2020 2021 2022\nNorth America $ 54,912 $ 83,640 $ 90,076 \nInternational 15,375 21,718 23,347 \nAWS 32,151 43,245 60,324 \nCorporate 10,676 11,678 12,968 \nConsolidated $ 113,114 $ 160,281 $ 186,715 \nTotal net additions to property and equipment by segment are as follows (in millions):\n Year Ended December 31,\n 2020 2021 2022\nNorth America (1) $ 29,889 $ 37,397 $ 23,682 \nInternational (1) 8,072 10,259 6,711 \nAWS (2) 16,530 22,047 27,755 \nCorporate 3,485 2,622 2,688 \nConsolidated $ 57,976 $ 72,325 $ 60,836 \n___________________"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597c9d2-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/aws-10-k-2023.pdf", "page": 67, "chroma:document": "___________________\n(1)Includes property and equipment added under finance leases of $5.6 billion, $3.6 billion, and $422 million in 2020, 2021, and 2022, and under build-to-\nsuit lease arrangements of $2.7 billion, $5.6 billion, and $3.2 billion in 2020, 2021, and 2022.\n(2)Includes property and equipment added under finance leases of $7.7 billion, $3.5 billion, and $253 million in 2020, 2021, and 2022, and under build-to-\nsuit lease arrangements of $130 million, $51 million, and $20 million in 2020, 2021, and 2022.\nU.S. property and equipment, net and operating leases were $109.5 billion, $155.0 billion, and $180.0 billion, as of December 31, 2020, 2021, and 2022,\nand non-U.S. property and equipment, net and operating leases were $41.2 billion, $61.3 billion, and $72.9 billion as of December 31, 2020, 2021, and 2022.\nExcept for the U.S., property and equipment, net and operating leases in any single country were less than 10% of consolidated property and equipment, net\nand operating leases.\nDepreciation and amortization expense on property and equipment, including corporate property and equipment, are allocated to all segments based on\nusage. Total depreciation and amortization expense, by segment, is as follows (in millions):\n Year Ended December 31,\n 2020 2021 2022\nNorth America $ 6,421 $ 9,234 $ 11,565 \nInternational 2,215 3,022 3,483 \nAWS 7,603 10,653 9,876 \nConsolidated $ 16,239 $ 22,909 $ 24,924 \n68"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597ca0e-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/aws-10-k-2023.pdf", "page": 68, "chroma:document": "Table of Contents\nItem 9. Changes in and Disagreements with Accountants On Accounting and Financial Disclosure\nNone.\nItem 9A. Controls and Procedures\nEvaluation of Disclosure Controls and Procedures\nWe carried out an evaluation required by the Securities Exchange Act of 1934 (the \u201c1934 Act\u201d), under the supervision and with the participation of our\nprincipal executive officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as defined\nin Rule 13a-15(e) of the 1934 Act, as of December 31, 2022. Based on this evaluation, our principal executive officer and principal financial officer concluded\nthat, as of December 31, 2022, our disclosure controls and procedures were effective to provide reasonable assurance that information required to be disclosed\nby us in the reports that we file or submit under the 1934 Act is recorded, processed, summarized, and reported within the time periods specified in the SEC\u2019s\nrules and forms and to provide reasonable assurance that such information is accumulated and communicated to our management, including our principal\nexecutive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.\nManagement\u2019s Report on Internal Control over Financial Reporting\nManagement is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rule 13a-15(f) of the 1934\nAct. Management has assessed the effectiveness of our internal control over financial reporting as of December 31, 2022 based on criteria established in\nInternal Control \u2014 Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. As a result of this\nassessment, management concluded that, as of December 31, 2022, our internal control over financial reporting was effective in providing reasonable assurance\nregarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted\naccounting principles. Ernst & Young has independently assessed the effectiveness of our internal control over financial reporting and its report is included\nbelow.\nChanges in Internal Control Over Financial Reporting\nThere were no changes in our internal control over financial reporting during the quarter ended December 31, 2022 that materially affected, or are\nreasonably likely to materially affect, our internal control over financial reporting.\nLimitations on Controls\nOur disclosure controls and procedures and internal control over financial reporting are designed to provide reasonable assurance of achieving their"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597ca40-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 68, "chroma:document": "objectives as specified above. Management does not expect, however, that our disclosure controls and procedures or our internal control over financial\nreporting will prevent or detect all error and fraud. Any control system, no matter how well designed and operated, is based upon certain assumptions and can\nprovide only reasonable, not absolute, assurance that its objectives will be met. Further, no evaluation of controls can provide absolute assurance that\nmisstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, within the Company have been detected.\n69"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597ca72-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 69, "chroma:document": "Table of Contents\nReport of Independent Registered Public Accounting Firm\nThe Board of Directors and Shareholders\nAmazon.com, Inc.\nOpinion on Internal Control Over Financial Reporting\nWe have audited Amazon.com, Inc.\u2019s internal control over financial reporting as of December 31, 2022, based on criteria established in Internal Control\n\u2014 Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the COSO criteria). In our\nopinion, Amazon.com, Inc. (the Company) maintained, in all material respects, effective internal control over financial reporting as of December 31, 2022,\nbased on the COSO criteria.\nWe also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated\nbalance sheets of the Company as of December 31, 2022 and 2021, and the related consolidated statements of operations, comprehensive income (loss),\nstockholders\u2019 equity, and cash flows for each of the three years in the period ended December 31, 2022 and the related notes and our report dated February 2,\n2023 expressed an unqualified opinion thereon.\nBasis for Opinion\nThe Company\u2019s management is responsible for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness\nof internal control over financial reporting included in the accompanying Management\u2019s Report on Internal Control over Financial Reporting. Our\nresponsibility is to express an opinion on the Company\u2019s internal control over financial reporting based on our audit. We are a public accounting firm registered\nwith the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules\nand regulations of the Securities and Exchange Commission and the PCAOB.\nWe conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable\nassurance about whether effective internal control over financial reporting was maintained in all material respects.\nOur audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and\nevaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered\nnecessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.\nDefinition and Limitations of Internal Control Over Financial Reporting"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597caf4-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 69, "chroma:document": "Definition and Limitations of Internal Control Over Financial Reporting\nA company\u2019s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting\nand the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company\u2019s internal control\nover financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly\nreflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit\npreparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being\nmade only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or\ntimely detection of unauthorized acquisition, use, or disposition of the company\u2019s assets that could have a material effect on the financial statements.\nBecause of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation\nof effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance\nwith the policies or procedures may deteriorate.\n/s/ Ernst & Young LLP\nSeattle, Washington\nFebruary 2, 2023\n70"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cb30-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 70, "chroma:document": "Table of Contents\nItem 9B. Other Information\nNot applicable.\nItem 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections\nNot applicable.\nPART III\nItem 10. Directors, Executive Officers, and Corporate Governance\nInformation regarding our Executive Officers required by Item 10 of Part III is set forth in Item 1 of Part I \u201cBusiness \u2014 Information About Our\nExecutive Officers.\u201d Information required by Item 10 of Part III regarding our Directors and any material changes to the process by which security holders may\nrecommend nominees to the Board of Directors is included in our Proxy Statement relating to our 2023 Annual Meeting of Shareholders, and is incorporated\nherein by reference. Information relating to our Code of Business Conduct and Ethics and, to the extent applicable, compliance with Section 16(a) of the 1934\nAct is set forth in our Proxy Statement relating to our 2023 Annual Meeting of Shareholders and is incorporated herein by reference. To the extent permissible\nunder Nasdaq rules, we intend to disclose amendments to our Code of Business Conduct and Ethics, as well as waivers of the provisions thereof, on our\ninvestor relations website under the heading \u201cCorporate Governance\u201d at amazon.com/ir.\nItem 11. Executive Compensation\nInformation required by Item 11 of Part III is included in our Proxy Statement relating to our 2023 Annual Meeting of Shareholders and is incorporated\nherein by reference.\nItem 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters\nInformation required by Item 12 of Part III is included in our Proxy Statement relating to our 2023 Annual Meeting of Shareholders and is incorporated\nherein by reference.\nItem 13. Certain Relationships and Related Transactions, and Director Independence\nInformation required by Item 13 of Part III is included in our Proxy Statement relating to our 2023 Annual Meeting of Shareholders and is incorporated\nherein by reference.\nItem 14. Principal Accountant Fees and Services\nInformation required by Item 14 of Part III is included in our Proxy Statement relating to our 2023 Annual Meeting of Shareholders and is incorporated\nherein by reference.\n71"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cb6c-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 71, "chroma:document": "Table of Contents\nPART IV\nItem 15. Exhibits, Financial Statement Schedules\n(a) List of Documents Filed as a Part of This Report:\n(1) Index to Consolidated Financial Statements:\nReport of Ernst & Young LLP, Independent Registered Public Accounting Firm\nConsolidated Statements of Cash Flows for each of the three years ended December 31, 2022\nConsolidated Statements of Operations for each of the three years ended December 31, 2022\nConsolidated Statements of Comprehensive Income (Loss) for each of the three years ended December 31, 2022\nConsolidated Balance Sheets as of December 31, 2021 and 2022\nConsolidated Statements of Stockholders\u2019 Equity for each of the three years ended December 31, 2022\nNotes to Consolidated Financial Statements\nReport of Ernst & Young LLP, Independent Registered Public Accounting Firm\n(2) Index to Financial Statement Schedules:\nAll schedules have been omitted because the required information is included in the consolidated financial statements or the notes thereto, or\nbecause it is not required.\n(3) Index to Exhibits\nSee exhibits listed under Part (b) below.\n(b) Exhibits:\nExhibit\nNumber Description\n3.1 Amended and Restated Certificate of Incorporation of Amazon.com, Inc. (incorporated by reference to the Company\u2019s Current Report on Form\n8-K, filed May 27, 2022).\n3.2 Amended and Restated Bylaws of Amazon.com, Inc. (incorporated by reference to the Company\u2019s Current Report on Form 8-K, filed January 6,\n2023).\n4.1 Indenture, dated as of November 29, 2012, between Amazon.com, Inc. and Wells Fargo Bank, National Association, as trustee (incorporated by\nreference to the Company\u2019s Current Report on Form 8-K, filed November 29, 2012).\n4.2 Supplemental Indenture, dated as of April 13, 2022, among Amazon.com, Inc., Wells Fargo Bank, National Association, as prior trustee, and\nComputershare Trust Company, National Association, as successor trustee, containing Form of 2.730% Note due 2024, Form of 3.000% Note"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cba8-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 71, "chroma:document": "due 2025, Form of 3.300% Note due 2027, Form of 3.450% Note due 2029, Form of 3.600% Note due 2032, Form of 3.950% Note due 2052,\nand Form of 4.100% Note due 2062 (incorporated by reference to the Company\u2019s Current Report on Form 8-K, filed April 13, 2022).\n4.3 Officers\u2019 Certificate of Amazon.com, Inc., dated as of December 5, 2014, containing Form of 2.600% Note due 2019, Form of 3.300% Note due\n2021, Form of 3.800% Note due 2024, Form of 4.800% Note due 2034, and Form of 4.950% Note due 2044 (incorporated by reference to the\nCompany\u2019s Current Report on Form 8-K, filed December 5, 2014).\n4.4 Officers\u2019 Certificate of Amazon.com, Inc., dated as of August 22, 2017, containing Form of 1.900% Note due 2020, Form of 2.400% Note due\n2023, Form of 2.800% Note due 2024, Form of 3.150% Note due 2027, Form of 3.875% Note due 2037, Form of 4.050% Note due 2047, and\nForm of 4.250% Note due 2057 (incorporated by reference to the Company\u2019s Current Report on Form 8-K, filed August 22, 2017).\n4.5 Officers\u2019 Certificate of Amazon.com, Inc., dated as of December 20, 2017, containing Form of 5.200% Note due 2025 (incorporated by\nreference to the Company\u2019s Current Report on Form 8-K, filed December 20, 2017).\n72"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cbda-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 72, "chroma:document": "Table of Contents\n4.6 Officers\u2019 Certificate of Amazon.com, Inc., dated as of June 3, 2020, containing Form of 0.400% Note due 2023, Form of 0.800% Note due\n2025, Form of 1.200% Note due 2027, Form of 1.500% Note due 2030, Form of 2.500% Note due 2050, and Form of 2.700% Note due 2060\n(incorporated by reference to the Company\u2019s Current Report on Form 8-K, filed June 3, 2020).\n4.7 Officers\u2019 Certificate of Amazon.com, Inc., dated as of May 12, 2021, containing Form of 0.250% Note due 2023, Form of 0.450% Note due\n2024, Form of 1.000% Note due 2026, Form of 1.650% Note due 2028, Form of 2.100% Note due 2031, Form of 2.875% Note due 2041, Form\nof 3.100% Note due 2051, and Form of 3.250% Note due 2061 (incorporated by reference to the Company\u2019s Current Report on Form 8-K, filed\nMay 12, 2021).\n4.8 Officers\u2019 Certificate of Amazon.com, Inc., dated as of December 1, 2022, containing Form of 4.700% Note due 2024, Form of 4.600% Note due\n2025, Form of 4.550% Note due 2027, Form of 4.650% Note due 2029, and Form of 4.700% Note due 2032 (incorporated by reference to the\nCompany\u2019s Current Report on Form 8-K, filed December 1, 2022).\n4.9 Description of Securities (incorporated by reference to the Company\u2019s Annual Report on Form 10-K for the Year ended December 31, 2019).\n10.1\u2020 1997 Stock Incentive Plan (amended and restated) (incorporated by reference to the Company\u2019s Quarterly Report on Form 10-Q for the Quarter\nended June 30, 2022)."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cc0c-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 72, "chroma:document": "ended June 30, 2022).\n10.2\u2020 1999 Nonofficer Employee Stock Option Plan (amended and restated) (incorporated by reference to the Company\u2019s Quarterly Report on Form\n10-Q for the Quarter ended June 30, 2022).\n10.3\u2020 Form of Indemnification Agreement between Amazon.com, Inc. and each of its Directors (incorporated by reference to Exhibit 10.1 to the\nCompany\u2019s Registration Statement on Form S-1 (Registration No. 333-23795) filed March 24, 1997, as amended on April 21, 1997).\n10.4\u2020 Form of Restricted Stock Unit Agreement for Officers and Employees (incorporated by reference to the Company\u2019s Annual Report on Form 10-\nK for the Year ended December 31, 2002).\n10.5\u2020 Form of Restricted Stock Unit Agreement for Directors (incorporated by reference to the Company\u2019s Annual Report on Form 10-K for the Year\nended December 31, 2002).\n10.6\u2020 Form of Restricted Stock Agreement (incorporated by reference to the Company\u2019s Annual Report on Form 10-K for the Year ended December\n31, 2001).\n10.7\u2020 Form of Global Restricted Stock Unit Award Agreement for Executive Officers (incorporated by reference to the Company\u2019s Annual Report on\nForm 10-K for the Year ended December 31, 2021).\n10.8 Amended and Restated Credit Agreement, dated as of March 29, 2022, among Amazon.com, Inc., JPMorgan Chase Bank, N.A., as\nadministrative agent, and the other lenders party thereto (incorporated by reference to the Company\u2019s Quarterly Report on Form 10-Q for the\nQuarter ended March 31, 2022).\n10.9 364-Day Revolving Credit Agreement, dated as of November 18, 2022, among Amazon.com, Inc., JPMorgan Chase Bank, N.A., as\nadministrative agent, and the other lenders party thereto (incorporated by reference to the Company\u2019s Current Report on Form 8-K, filed\nNovember 18, 2022).\n10.10 Term Loan Agreement, dated as of January 3, 2023, among Amazon.com, Inc., Toronto Dominion (Texas) LLC, as administrative agent, and the"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cc48-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 72, "chroma:document": "other lenders party thereto (incorporated by reference to the Company\u2019s Current Report on Form 8-K, filed January 3, 2023).\n21.1 List of Significant Subsidiaries.\n23.1 Consent of Independent Registered Public Accounting Firm.\n31.1 Certification of Andrew R. Jassy, President and Chief Executive Officer of Amazon.com, Inc., pursuant to Rule 13a-14(a) under the Securities\nExchange Act of 1934.\n31.2 Certification of Brian T. Olsavsky, Senior Vice President and Chief Financial Officer of Amazon.com, Inc., pursuant to Rule 13a-14(a) under the\nSecurities Exchange Act of 1934.\n73"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cc70-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 73, "chroma:document": "Table of Contents\n32.1 Certification of Andrew R. Jassy, President and Chief Executive Officer of Amazon.com, Inc., pursuant to 18 U.S.C. Section 1350.\n32.2 Certification of Brian T. Olsavsky, Senior Vice President and Chief Financial Officer of Amazon.com, Inc., pursuant to 18 U.S.C. Section 1350.\n101 The following financial statements from the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2022, formatted in\nInline XBRL: (i) Consolidated Statements of Cash Flows, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of\nComprehensive Income (Loss), (iv) Consolidated Balance Sheets, (v) Consolidated Statements of Stockholders\u2019 Equity, and (vi) Notes to\nConsolidated Financial Statements, tagged as blocks of text and including detailed tags.\nAs permitted by Item 601(b)(4)(iii)(A) of Regulation S-K, the Company has not filed with this Annual Report on Form 10-K certain instruments\ndefining the rights of holders of long-term debt of the Company and its subsidiaries because the total amount of securities authorized thereunder\ndoes not exceed 10 percent of the total assets of the Company and its subsidiaries on a consolidated basis. The Company agrees to furnish a\ncopy of such agreements to the Commission upon request.\n104 The cover page from the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2022, formatted in Inline XBRL (included\nas Exhibit 101).\n__________________\n\u2020    Executive Compensation Plan or Agreement.\nItem 16. Form 10-K Summary\nNone.\n74"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cca2-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 74, "chroma:document": "Table of Contents\nSIGNATURES\nPursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its\nbehalf by the undersigned, thereunto duly authorized, as of February 2, 2023.\n \nAMAZON.COM, INC.\nBy: /s/ Andrew R. Jassy\nAndrew R. Jassy\nPresident and Chief Executive Officer\nPursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the\nregistrant and in the capacities indicated as of February 2, 2023.  \nSignature Title\n/s/ Andrew R. Jassy\nAndrew R. Jassy President and Chief Executive Officer (Principal Executive Officer) and Director\n/s/ Brian T. Olsavsky\nBrian T. Olsavsky Senior Vice President and Chief Financial Officer (Principal Financial Officer)\n/s/ Shelley L. Reynolds\nShelley L. Reynolds Vice President, Worldwide Controller (Principal Accounting Officer)\n/s/ Jeffrey P. Bezos\nJeffrey P. Bezos Executive Chair\n/s/ Keith B. Alexander\nKeith B. Alexander Director\n/s/ Edith W. Cooper\nEdith W. Cooper Director\n/s/ Jamie S. Gorelick\nJamie S. Gorelick Director\n/s/ Daniel P. Huttenlocher\nDaniel P. Huttenlocher Director\n/s/ Judith A. McGrath\nJudith A. McGrath Director\n/s/ Indra K. Nooyi\nIndra K. Nooyi Director\n/s/ Jonathan J. Rubinstein\nJonathan J. Rubinstein Director\n/s/ Patricia Q. Stonesifer\nPatricia Q. Stonesifer Director\n/s/ Wendell P. Weeks\nWendell P. Weeks Director\n75"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597ccd4-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 75, "chroma:document": "Exhibit 21.1\nAMAZON.COM, INC.\nLIST OF SIGNIFICANT SUBSIDIARIES\nLegal Name Jurisdiction Percent Owned\nAmazon.com Services LLC Delaware 100 %\nAmazon.com Sales, Inc. Delaware 100 %\nAmazon Data Services, Inc. Delaware 100 %\nAmazon Web Services, Inc. Delaware 100 %\nAmazon Technologies, Inc. Nevada 100 %\nAmazon.com NV Investment Holdings LLC Nevada 100 %\nAmazon US Services LLC Delaware 100 %\nA100 ROW, Inc. Delaware 100 %"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cd10-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 76, "chroma:document": "Exhibit 23.1\n \nConsent of Independent Registered Public Accounting Firm\nWe consent to the incorporation by reference in the following Registration Statements:\n(a)    Registration Statement (Form S-4 No. 333-55943), as amended, pertaining to the acquisition shelf-registration of Amazon.com, Inc. common stock,\n(b)    Registration Statement (Form S-8 No. 333-28763), as amended, pertaining to the Amazon.com, Inc. 1997 Stock Incentive Plan (formerly the \u201c1997\nStock Option Plan\u201d) and the Amended and Restated 1994 Stock Option Plan of Amazon.com, Inc.,\n(c)    Registration Statement (Form S-8 No. 333-74419) pertaining to the Amazon.com, Inc. 1999 Nonofficer Employee Stock Option Plan,\n(d)    Registration Statement (Form S-8 POS No. 333-160831) pertaining to the Zappos.com, Inc. 2009 Stock Plan,\n(e)    Registration Statement (Form S-8 No. 333-169470) pertaining to the Amazon.com, Inc. 1997 Stock Incentive Plan,\n(f)    Registration Statement (Form S-8 No. 333-173054), pertaining to the Quidsi, Inc. (fka1800Diapers, Inc.) 2006 Stock Option/Stock Issuance Plan,\n(g)    Registration Statement (Form S-8 No. 333-181073) pertaining to the Kiva Systems, Inc. 2003 Stock Plan, as amended,\n(h)    Registration Statement (Form S-8 No. 333-199572) pertaining to the Twitch Interactive, Inc. Amended and Restated 2007 Stock Plan,\n(i)    Registration Statement (Form S-8 No. 333-207591) pertaining to the Elemental Technologies, Inc. 2006 Stock Incentive Plan, as amended and\nrestated,\n(j)    Registration Statement (Form S-3 No. 333-238831) pertaining to the shelf-registration of Amazon.com, Inc. securities, and\n(k)    Registration Statement (Form S-8 No. 333-249847) pertaining to the Amazon.com, Inc. 1997 Stock Incentive Plan (as Amended and Restated)."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cd56-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 76, "chroma:document": "of our reports dated February 2, 2023, with respect to the consolidated financial statements of Amazon.com, Inc. and the effectiveness of internal control over\nfinancial reporting of Amazon.com, Inc. included in this Annual Report (Form 10-K) of Amazon.com, Inc. for the year ended December 31, 2022.\n/s/ Ernst & Young LLP\nSeattle, Washington\nFebruary 2, 2023"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cd92-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 77, "chroma:document": "Exhibit 31.1\nCERTIFICATIONS\nI, Andrew R. Jassy, certify that:\n1. I have reviewed this Form 10-K of Amazon.com, Inc.;\n2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the\nstatements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;\n3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the\nfinancial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;\n4. The registrant\u2019s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in\nExchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the\nregistrant and have:\n(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to\nensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities,\nparticularly during the period in which this report is being prepared;\n(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our\nsupervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external\npurposes in accordance with generally accepted accounting principles;\n(c) Evaluated the effectiveness of the registrant\u2019s disclosure controls and procedures and presented in this report our conclusions about the\neffectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and\n(d) Disclosed in this report any change in the registrant\u2019s internal control over financial reporting that occurred during the registrant\u2019s most recent\nfiscal quarter (the registrant\u2019s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect,\nthe registrant\u2019s internal control over financial reporting; and"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cdc4-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 77, "chroma:document": "the registrant\u2019s internal control over financial reporting; and\n5. The registrant\u2019s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the\nregistrant\u2019s auditors and the audit committee of the registrant\u2019s board of directors (or persons performing the equivalent functions):\n(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably\nlikely to adversely affect the registrant\u2019s ability to record, process, summarize and report financial information; and\n(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant\u2019s internal control\nover financial reporting.\n \n/s/ Andrew R. Jassy\nAndrew R. Jassy\nPresident and Chief Executive Officer\n(Principal Executive Officer)\nDate: February 2, 2023"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597ce0a-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 78, "chroma:document": "Exhibit 31.2\nCERTIFICATIONS\nI, Brian T. Olsavsky, certify that:\n1. I have reviewed this Form 10-K of Amazon.com, Inc.;\n2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the\nstatements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;\n3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the\nfinancial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;\n4. The registrant\u2019s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in\nExchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the\nregistrant and have:\n(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to\nensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities,\nparticularly during the period in which this report is being prepared;\n(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our\nsupervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external\npurposes in accordance with generally accepted accounting principles;\n(c) Evaluated the effectiveness of the registrant\u2019s disclosure controls and procedures and presented in this report our conclusions about the\neffectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and\n(d) Disclosed in this report any change in the registrant\u2019s internal control over financial reporting that occurred during the registrant\u2019s most recent\nfiscal quarter (the registrant\u2019s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect,\nthe registrant\u2019s internal control over financial reporting; and"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597ce46-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 78, "chroma:document": "the registrant\u2019s internal control over financial reporting; and\n5. The registrant\u2019s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the\nregistrant\u2019s auditors and the audit committee of the registrant\u2019s board of directors (or persons performing the equivalent functions):\n(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably\nlikely to adversely affect the registrant\u2019s ability to record, process, summarize and report financial information; and\n(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant\u2019s internal control\nover financial reporting.\n \n/s/ Brian T. Olsavsky\nBrian T. Olsavsky\nSenior Vice President and\nChief Financial Officer\n(Principal Financial Officer)\nDate: February 2, 2023"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597ce82-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 79, "chroma:document": "Exhibit 32.1\nCertification Pursuant to 18 U.S.C. Section 1350\nIn connection with the Annual Report of Amazon.com, Inc. (the \u201cCompany\u201d) on Form 10-K for the year ended December 31, 2022, as filed with the\nSecurities and Exchange Commission (the \u201cSEC\u201d) on or about the date hereof (the \u201cReport\u201d), I, Andrew R. Jassy, President and Chief Executive Officer of the\nCompany, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:\n(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and\n(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the\nCompany.\nA signed original of this written statement has been provided to the Company and will be retained by the Company and furnished to the SEC or its staff\nupon request.\n/s/ Andrew R. Jassy\nAndrew R. Jassy\nPresident and Chief Executive Officer\n(Principal Executive Officer)\nDate: February 2, 2023"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cebe-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/aws-10-k-2023.pdf", "page": 80, "chroma:document": "Exhibit 32.2\nCertification Pursuant to 18 U.S.C. Section 1350\nIn connection with the Annual Report of Amazon.com, Inc. (the \u201cCompany\u201d) on Form 10-K for the year ended December 31, 2022, as filed with the\nSecurities and Exchange Commission (the \u201cSEC\u201d) on or about the date hereof (the \u201cReport\u201d), I, Brian T. Olsavsky, Senior Vice President and Chief Financial\nOfficer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:\n(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and\n(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the\nCompany.\nA signed original of this written statement has been provided to the Company and will be retained by the Company and furnished to the SEC or its staff\nupon request.\n \n/s/ Brian T. Olsavsky\nBrian T. Olsavsky\nSenior Vice President and\nChief Financial Officer\n(Principal Financial Officer)\nDate: February 2, 2023"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cefa-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 0, "chroma:document": "UNITED STATES\nSECURITIES AND EXCHANGE COMMISSION\nWashington, D.C. 20549\n___________________________________________\nFORM 10-K  \n___________________________________________\n(Mark One)\n\u2612 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\nFor the fiscal year ended December 31, 2023  \nOR\n\u2610 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\nFor the transition period from              to             .\nCommission file number: 001-37580  \n___________________________________________\nAlphabet Inc.  \n(Exact name of registrant as specified in its charter)\n___________________________________________\nDelaware 61-1767919\n(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)\n1600 Amphitheatre Parkway  \nMountain View , CA 94043  \n(Address of principal executive offices, including zip code)\n(650) 253-0000  \n(Registrant's telephone number, including area code)\nSecurities registered pursuant to Section 12(b) of the Act:\nTitle of each class Trading Symbol(s) Name of each exchange on which registered\nClass A Common Stock, $0.001 par value GOOGL Nasdaq Stock Market LLC\n(Nasdaq Global Select Market)\nClass C Capital Stock, $0.001 par value GOOG Nasdaq Stock Market LLC\n(Nasdaq Global Select Market)\nSecurities registered pursuant to Section 12(g) of the Act:\nTitle of each class\nNone\n___________________________________________\nIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities \nAct.    Yes  \u2612    No  \u2610\nIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the \nAct.    Yes  \u2610   No  \u2612\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities \nExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cf40-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 0, "chroma:document": "reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  \u2612    No  \u2610\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted \npursuant to Rule 405 of Regulation S-T (\u00a7232.405 of this chapter) during the preceding 12 months (or for such shorter period that \nthe registrant was required to submit such files).    Yes  \u2612    No  \u2610\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller \nreporting company, or an emerging growth company. See the definitions of \u201clarge accelerated filer,\u201d \u201caccelerated filer,\u201d \u201csmaller \nreporting company,\u201d and \"emerging growth company\" in Rule 12b-2 of the Exchange Act."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cf90-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 1, "chroma:document": "Large accelerated filer \u2612  Accelerated filer \u2610\nNon-accelerated filer \u2610 Smaller reporting company \u2610\nEmerging growth company \u2610\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for \ncomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                            \n\u2610\nIndicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the \neffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by \nthe registered public accounting firm that prepared or issued its audit report. \u2612\nIf securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the \nregistrant included in the filing reflect the correction of an error to previously issued financial statements. \u2610\nIndicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based \ncompensation received by any of the registrant's executive officers during the relevant recovery period pursuant to \u00a7240.10D-1(b). \u2610 \nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  \u2610    No  \u2612\nAs of June 30, 2023 , the aggregate market value of shares held by non-affiliates of the registrant (based upon the closing sale \nprices of such shares on the Nasdaq Global Select Market on June 30, 2023 ) was approximately $1,331.2 billion . For purposes of \ncalculating the aggregate market value of shares held by non-affiliates, we have assumed that all outstanding shares are held by \nnon-affiliates, except for shares held by each of our executive officers, directors, and 5% or greater stockholders. In the case of 5% \nor greater stockholders, we have not deemed such stockholders to be affiliates unless there are facts and circumstances which \nwould indicate that such stockholders exercise any control over our company, or unless they hold 10% or more of our outstanding"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597cfd6-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 1, "chroma:document": "common stock. These assumptions should not be deemed to constitute an admission that all executive officers, directors, and 5% or \ngreater stockholders are, in fact, affiliates of our company, or that there are not other persons who may be deemed to be affiliates of \nour company. Further information concerning shareholdings of our officers, directors, and principal stockholders is included or \nincorporated by reference in Part III, Item 12 of this Annual Report on Form 10-K.\nAs of January 23, 2024 , there wer e 5,893 million  shares of Alphabet\u2019s Class A stock outstanding, 869 million  shares of Alphabet\u2019s \nClass B stock outstanding, and 5,671 million  shares of the Alphabet\u2019s Class C stock outstanding.\n___________________________________________\nDOCUMENTS INCORPORATED BY REFERENCE\nPortions of the registrant\u2019s Proxy Statement for the 2024  Annual Meeting of Stockholders are incorporated herein by reference in \nPart III of this Annual Report on Form 10-K to the extent stated herein. Such proxy statement will be filed with the Securities and \nExchange Commission within 120 days of the registrant\u2019s fiscal year ended December 31, 2023 ."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d01c-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 2, "chroma:document": "Alphabet Inc.\nForm 10-K\nFor the Fiscal Year Ended December 31, 2023  \nTABLE OF CONTENTS\n  Page\nNote About Forward-Looking Statements 3\nPART I\nItem 1. Business 4\nItem 1A. Risk Factors 11\nItem 1B. Unresolved Staff Comments 24\nItem 1C. Cybersecurity 24\nItem 2. Properties 25\nItem 3. Legal Proceedings 25\nItem 4. Mine Safety Disclosures 25\nPART II\nItem 5. Market for Registrant\u2019s Common Equity, Related Stockholder Matters, and Issuer Purchases \nof Equity Securities25\nItem 6. [Reserved] 28\nItem 7. Management\u2019s Discussion and Analysis of Financial Condition and Results of Operations 29\nItem 7A. Quantitative and Qualitative Disclosures About Market Risk 45\nItem 8. Financial Statements and Supplementary Data 47\nItem 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 88\nItem 9A. Controls and Procedures 88\nItem 9B. Other Information 89\nItem 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 89\nPART III\nItem 10. Directors, Executive Officers, and Corporate Governance 90\nItem 11. Executive Compensation 90\nItem 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder \nMatters90\nItem 13. Certain Relationships and Related Transactions, and Director Independence 90\nItem 14. Principal Accountant Fees and Services 90\nPART IV\nItem 15. Exhibits, Financial Statement Schedules 91\nItem 16. Form 10-K Summary 94\nSignaturesTable of Contents Alphabet Inc.\n2."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d058-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 3, "chroma:document": "Note About Forward-Looking Statements\nThis Annual Report on Form 10-K contains forward-looking statements within the meaning of the Private \nSecurities Litigation Reform Act of 1995. These include, among other things, statements regarding:\n\u2022the growth of our business and revenues and our expectations about the factors that influence our success \nand trends in our business;\n\u2022fluctuations in our revenues and margins and various factors contributing to such fluctuations;\n\u2022our expectation that the continuing shift from an offline to online world will continue to benefit our business;\n\u2022our expectation that the portion of our revenues that we derive beyond advertising will continue to increase \nand may affect our margins;\n\u2022our expectation that our traffic acquisition costs (TAC) and the associated TAC rate will fluctuate, which could \naffect our overall margins;\n\u2022our expectation that our monetization trends will fluctuate, which could affect ou r revenues and margins;\n\u2022fluctuations in paid clicks and cost-per-click as well as impressions and cost-per-impression, and various \nfactors contributing to such fluctuations;\n\u2022our expectation that we will continue to periodically review, refine, and update our methodologies for \nmonitoring, gathering, and counting the number of paid clicks and impressions;\n\u2022our expectation that our results will be affected by our performance in international markets as users in \ndeveloping economies increasingly come online;\n\u2022our expectation that our foreign exchange risk management program will not fully offset our net exposure to \nfluctuations in foreign currency exchange rates;\n\u2022the expected variability of gains and losses related to hedging activities under our foreign exchange risk \nmanagement program;\n\u2022the amount and timing of revenue recognition from customer contracts with commitments for performance \nobligations, including our estimate of the remaining amount of commitments and when we expect to recognize \nrevenue;\n\u2022our expectation that our capital expenditures will increase, including the expected increase in our technical \ninfrastructure investment to support the growth of our business and our long-term initiatives, in particular in \nsupport of artificial intelligence (AI) products and services;\n\u2022our plans to continue to invest in new businesses, products, services and technologies, and systems, as well \nas to continue to invest in acquisitions and strategic investments;\n\u2022our pace of hiring and our plans to provide competitive compensation programs;"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d09e-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 3, "chroma:document": "\u2022our pace of hiring and our plans to provide competitive compensation programs;\n\u2022our expectation that our cost of revenues, research and development (R&D) expenses, sales and marketing \nexpenses, and general and administrative expenses may increase in amount and/or may increase as a \npercentage of revenues and may be affected by a number of factors;\n\u2022estimates of our future compensation expenses;\n\u2022our expectation that our other income (expense), net (OI&E), will fluctuate in the future, as it is largely driven \nby market dynamics;\n\u2022our expectation that our effective tax rate  and cash tax payments could increase in future years;\n\u2022seasonal fluctuations in internet usage and advertiser expenditures , underlying business trends such as \ntraditional retail seasonality, which are likely to cause fluctuations in our quarterly results;\n\u2022the sufficiency of our sources of funding;\n\u2022our potential exposure in connection with new and pending investigations, proceedings, and other \ncontingencies, including the possibility that certain legal proceedings to which we are a party could harm our \nbusiness , financial condition, and operating results;\n\u2022our expectation that we will continue to face heightened regulatory scrutiny and cha nges in regulatory \nconditions, laws, and public policies,  which could affect our business practices and financial results;Table of Contents Alphabet Inc.\n3."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d0da-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 4, "chroma:document": "\u2022the expected timing, amount, and effect of Alphabet Inc.'s share repurchases;\n\u2022our long-term sustainability and diversity goals;\nas well as other statements regarding our future operations, financial condition and prospects, and business strategies. \nForward-looking statements may appear throughout this report and other documents we file with the Securities and \nExchange Commission (SEC), including without limitation, the following sections: Part I, Item 1 \"Business;\" Part I, Item \n1A \"Risk Factors;\" and Part II, Item 7 \"Management\u2019s Discussion and Analysis of Financial Condition and Results of \nOperations.\" Forward-looking statements generally can be identified by words such as \"anticipates,\" \"believes,\" \n\"could,\" \"estimates,\" \"expects,\" \"intends,\" \"may,\" \"plans,\" \"predicts,\" \"projects,\" \"will be,\" \"will continue,\" \"will likely \nresult,\" and similar expressions. These forward-looking statements are based on current expectations and \nassumptions that are subject to risks and uncertainties, which could cause our actual results to differ materially from \nthose reflected in the forward-looking statements. Factors that could cause or contribute to such differences include, \nbut are not limited to, those discussed in this Annual Report on Form 10-K, including the risks discussed in Part I, Item \n1A \"Risk Factors\" and the trends discussed in Part II, Item 7 \"Management's Discussion and Analysis of Financial \nCondition and Results of Operations,\" and those discussed in other documents we file with the SEC. We undertake no \nobligation to revise or publicly release the results of any revision to these forward-looking statements, except as \nrequired by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such \nforward-looking statements.\nAs used herein, \"Alphabet,\" \"the company,\" \"we,\" \"us,\" \"our,\" and similar terms include Alphabet Inc. and its \nsubsidiaries, unless the context indicates otherwise.\n\"Alphabet,\" \"Google,\" and other trademarks of ours appearing in this report are our property. We do not intend our \nuse or display of other companies' trade names or trademarks to imply an endorsement or sponsorship of us by such \ncompanies, or any relationship with any of these companies.\nPART I\nITEM 1. BUSINESS\nOverview"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d116-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/google-10-k-2023.pdf", "page": 4, "chroma:document": "PART I\nITEM 1. BUSINESS\nOverview\nAs our founders Larry and Sergey wrote in the original founders' letter, \"Google is not a conventional company. \nWe do not intend to become one.\" That unconventional spirit has been a driving force throughout our history, inspiring \nus to tackle big problems and invest in moonshots . It led us to be a pioneer in the development of AI and, since 2016, \nan AI-first company. We continue this work under the leadership of Alphabet and Google CEO, Sundar Pichai.\nAlphabet is a collection of businesses \u2014 the largest of which is Google. We report Google in two segments, \nGoogle Services  and Google Cloud, and all non-Google businesses collectively as Other Bets. Alphabet's structure is \nabout helping each of our businesses prosper through strong leaders and independence. \nAccess and Technology for Everyone\nThe Internet is one of the world\u2019s most powerful equalizers; it propels ideas, people, and businesses large and \nsmall. Our mission to organize the world\u2019s information and make it universally accessible and useful is as relevant \ntoday as it was when we were founded in 1998. Since then, we have evolved from a company that helps people find \nanswers to a company that also helps people get things done. \nWe are focused on building an even more helpful Google for everyone, and we aspire to give everyone the tools \nthey need to increase their knowledge, health, happiness, and success. Google Search  helps people find information \nand make sense of the world in more natural and intuitive ways, with trillions of searches on Google every year. \nYouTube provides people with entertainment, information, and opportunities to learn something new. Google Assistant \noffers the best way to get things done seamlessly across different devices, providing intelligent help throughout a \nperson's day, no matter where they are. Google Cloud helps customers solve today\u2019s business challenges, improve \nproductivity, reduce costs, and unlock new growth engines. We are continually innovating and building new products \nand features that will help our users, partners, customers, and communities and have invested more than $150 billion \nin research and development in the last five years in support of these efforts .\nMaking AI H elpful for Everyone\nAI is a transformational technology that can bring meaningful and positive change to people and societies across"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d152-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/google-10-k-2023.pdf", "page": 4, "chroma:document": "the world, and for our business. At Google, we have been bringing AI into our products and services for more than a \ndecade and making them available to our users. Our journey began in 2001, when machine learning was first \nincorporated into Google Search to suggest better spellings to users searching the web. Today, AI in our products is Table of Contents Alphabet Inc.\n4."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d198-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/google-10-k-2023.pdf", "page": 5, "chroma:document": "used by billions of people globally through features like autocomplete suggestions in Google Search; translation across \n133 languages in Google Translate; and organization, searching, and editing in Google Photos.\nLarge language models (LLMs) are an exciting aspect of our work in AI based on deep learning architectures, \nsuch as the Transformer, a neural network architecture that we introduced in 2017 that helped with language \nunderstanding. This led to the Bidirectional Encoder Representations from Transformers, or BERT, in 2019 that helped \nSearch understand the intent of user search queries better than ever before.\nGoogle was a company built in the cloud, and we continue to invest in our Google Cloud offerings, including \nGoogle Cloud Platform and Google Workspace, to help organizations stay at the forefront of AI innovation with our AI-\noptimized infrastructure, mature AI platform and world-class models, and assistive agents.\nWe believe AI can solve some of the hardest societal, scientific and engineering challenges of our time. For \nexample, in 2020, Google DeepMind\u2019s AlphaFold system solved a 50-year-old protein folding challenge. Since then, \nwe have open-sourced to the scientific community 200 million of AlphaFold\u2019s protein structures which are used to work \non everything from accelerating new malaria vaccines to advancing cancer drug discovery and developing plastic-\neating enzymes. As another example, AI can also have a transformative effect on climate progress by providing helpful \ninformation, predicting climate-related events, and optimizing climate action. Using advanced AI and geospatial \nanalysis, Google Research has developed flood forecasting models that can provide early warning and real-time \nflooding information to communities and individuals. \nAs AI continues to improve rapidly, we are focused on giving helpful features to our users and customers as we \ndeliver on our mission to organize the world\u2019s information and make it universally accessible and useful. With a bold \nand responsible approach, we continue to take the next steps to make this technology even more helpful for everyone.\nDeliver the Most Advanced, Safe, and Responsible AI\nWe aim to build the most advanced, safe, and responsible AI with models that are developed, trained, and \nrigorously tested at scale powered by our continued investment in AI technical infrastructure. In December 2023, we \nlaunched Gemini, our most capable and general model. It was built from the ground up to be multimodal, which means"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d1d4-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/google-10-k-2023.pdf", "page": 5, "chroma:document": "it can generalize and seamlessly understand, operate across, and combine different types of information, including \ntext, code, audio, images, and video. Our teams across Alphabet will leverage Gemini, as well as other AI models we \nhave previously developed and announced, across our business to deliver the best product and service experience s \nfor our use rs, advertisers, partners, customers, and developers.\nWe believe our approach to AI must be both bold and responsible. That means developing AI in a way that \nmaximizes the positive benefits to society while addressing the challenges, guided by our AI P rinciples.  We published \nthese in 2018, as one of the first companies to articulate principles that put beneficial use, users, safety, and avoidance \nof harms above business considerations. While there is natural tension between being bold and being responsible, we \nbelieve it is possible \u2014 and in fact critical \u2014 to embrace that tension productively.\nEnable Organizations and Developers to Innovate on Google Cloud\nAI is not only a powerful enabler, it is also a major platform shift. Globally, businesses from startups to large \nenterprises, and the public sector are thinking about how to drive transformation. That is why we are focused on \nmaking it easy and scalable for others to innovate, and grow, with AI. That means providing the most advanced \ncomputing infrastructure and expanding access to Google\u2019s latest AI models that have been rigorously tested in our \nown products. Our Vertex AI platform gives developers the ability to train, tune, augment, and deploy applications using \ngenerative AI models and services such as Enterprise Search and Conversations. Duet AI for Google Cloud provides \npre-packaged AI agents that assist developers to write, test, document, and operate software.\nImprove Knowledge, Learning, Creativity, and Productivity\nThings that we now consider routine \u2013 like spell check, mobile check deposit, or Google Search, Google \nTranslate, and Google Maps \u2013 all use AI. As AI continues to improve rapidly, we are focused on giving helpful features \nto our users as we continue to deliver on our mission to organize the world\u2019s information and make it universally \naccessible and useful.\nWhile we have been integrating AI into our products for years, we are now embedding the power of generative AI \nto continue helping our users express themselves and get things done. For example, Duet AI in Google Workspace"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d210-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 5, "chroma:document": "helps users write, organize, visualize, accelerate workflows, and have richer meetings. Bard allows users to \ncollaborate with experimental AI with new features that include image capabilities, coding support, and app integration. \nDream Screen, a new experimental feature in YouTube, allows for the creation of AI-generated video or image \nbackgrounds to Shorts by typing an idea into a prompt.Table of Contents Alphabet Inc.\n5."}


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topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d256-8e1f-11ef-b504-acde48001122
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{"source": "dataset/google-10-k-2023.pdf", "page": 6, "chroma:document": "We also know businesses of all sizes around the world rely on Google Ads to find customers and grow their \nbusinesses \u2014 and we make that even easier with AI. With Performance Max, advertisers simply tell us their campaign \ngoals and share their creative assets, and AI will automatically produce and run a highly effective ad campaign across \nall of Google\u2019s properties, to meet their budget. Product Studio brings the benefits of AI to businesses of all sizes, \nhelping them easily create uniquely-tailored imagery featuring their products \u2014 for free. Additionally, we are \nexperimenting with Search and Shopping ads that are directly integrated into the AI-powered snapshot and \nconversational mode in Search Generative Experience.\nBuild the Most Helpful Personal Computing Platforms and Devices\nOver the years, our Pixel phones have incorporated AI compute directly into the device and built experiences on \ntop of it. Our latest Pixel devices were built around AI, bringing the best AI-assistive experiences to our users, such as \nBest Take, Magic Editor, and Audio Magic Eraser. As we look ahead, we are designing our Android and Chrome \noperating systems with new AI-forward user experiences. \nMoonshots\nMany companies get comfortable doing what they have always done, making only incremental changes. This \nincrementalism leads to irrelevance over time, especially in technology, where change tends to be revolutionary, not \nevolutionary. People thought we were crazy when we acquired YouTube and Android and when we launched Chrome, \nbut those efforts have matured into major platforms for digital video and mobile devices and a safer, popular browser. \nOur early investments in AI started out as moonshots but are now incorporated into our core products and central to \nfuture developments. We continue to look toward the future and to invest for the long term , most notably for the \napplication of AI to our  products and services , as well as other frontier technolog ies such as quantum computing . As \nwe said in the original founders' letter, we will not shy away from high-risk, high-reward projects that we believe in, as \nthey are the key to our long-term success.\nPrivacy and Security\nWe make it a priority to protect the privacy and security of our products, users, and customers, even if there are \nnear-term financial consequences. We do this by continuously investing in building products that are secure by default;"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d292-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/google-10-k-2023.pdf", "page": 6, "chroma:document": "strictly upholding responsible data practices that emphasize privacy by design; and building easy-to-use settings that \nput people in control. We are continually enhancing these efforts over time, whether by enabling users to auto-delete \ntheir data, giving them tools, such as My Ad Center, to control their ad experience, or advancing anti-malware, anti-\nphishing, and password security features.\nGoogle\nFor reporting purposes Google comprises two segments: Google Services and Google Cloud.\nGoogle Services\nServing Our Users\nWe have always been committed to building helpful products that can improve the lives of millions of people \nworldwide. Our product innovations are what make our services widely used, and our brand one of the most \nrecognized in the world. Google Services' core products and platforms include  ads, Android, Chrome, devices, Gmail, \nGoogle Drive, Google Maps, Google Photos, Google Play, Search, and YouTube , with broad and growing adoption by \nusers around the world.\nOur products and services have come a long way since the company was founded more than 25 years ago. \nWhile Google Search started as a way to find web pages, organized into ten blue links, we have driven technical \nadvancements and product innovations that have transformed Google Search into a dynamic, multimodal experience. \nWe first expanded from traditional desktop browsers into mobile web search, making it easier to navigate on smaller \nscreens. As new types of content surfaced on the internet, Universal Search made it possible to search multiple \ncontent types, like news, images, videos, and more, to deliver rich, relevant results. The introduction of new search \nmodalities, like voice and visual search, made it easier for people to express their curiosity in natural and intuitive \nways. We took that a step further with multisearch, which lets people search with text and images at the same time. \nLarge language models like BERT and Multitask Unified Models, or MUMs, have made it possible to express more \nnatural language queries, vastly improving the quality of results. Each advancement has made it easier and more \nnatural for people to find what they are looking for.\nThis drive to make information more accessible and helpful has led us over the years to improve the discovery \nand creation of digital content both on the web and through platforms like Google Play and YouTube. People are"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d2c4-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 6, "chroma:document": "consuming many forms of digital content, including watching  videos, streaming TV , playing games, listening to music, Table of Contents Alphabet Inc.\n6."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d2f6-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/google-10-k-2023.pdf", "page": 7, "chroma:document": "reading books, and using apps. Working with content creators and partners, we continue to build new ways for people \naround the w orld to  create and find gr eat digital content.\nFueling all of these great digital experiences are extraordinary platforms and devices. That is why we continue to \ninvest in platforms like our Android mobile operating system, Chrome browser, and Chrome operating system, as well \nas growing our family of devices. We see tremendous potential for devices to be helpful and make people's lives easier \nby combining the best of our AI, software, and hardware. This potential is reflected in our latest generation of devices, \nsuch as the new Pixel 8 and Pixel 8 Pro, and the Pixel Watch 2. Creating products and services that people rely on \nevery day is a journey that we are investing in for the long-term.\nHow We Make Money\nWe have built world-class advertising technologies for advertisers, agencies, and publishers to power their digital \nmarketing businesses. Our advertising solutions help millions of companies grow their businesses through our wide \nrange of products across devices and formats, and we aim to ensure positive user experiences by serving the right ads \nat the right time and by building deep partnerships with brands and agencies. AI has been foundational to our \nadvertising business for more than a decade. Products like Performance Max and Product Studio use the full power of \nour AI to help advertisers find untapped and incremental conversion opportunities.\nGoogle Services generates revenues primarily by delivering both performance and brand advertising that appears \non Google Search & other properties, YouTube, and Google Network partners' properties (\"Google Network \nproperties\"). We continue to invest in both performance and brand advertising and seek to improve the measurability of \nadvertising so advertisers understand the effectiveness of their campaigns.\n\u2022Performance advertising  creates and delivers relevant ads that users will click on leading to direct \nengagement with advertisers. Performance advertising lets our advertisers connect with users while driving \nmeasurable results. Our ads tools allow performance advertisers to create simple text-based ads.\n\u2022Brand advertising  helps enhance users' awareness of and affinity for advertisers' products and services, \nthrough videos, text, images, and other interactive ads that run across various devices. We help brand \nadvertisers deliver digital videos and other types of ads to specific audiences for their brand-building marketing \ncampaigns."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d328-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 7, "chroma:document": "campaigns. \nWe have allocated substantial resources to stopping bad advertising practices and protecting users on the web. \nWe focus on creating the best advertising experiences for our users and advertisers in many ways, including filtering \nout invalid traffic, removing billions of bad ads from our systems every year, and closely monitoring the sites, apps, and \nvideos where ads appear and blocklisting them when necessary to ensure that ads do not fund bad content.\nIn addition, Google S ervices increasingly generates revenues from products and services beyond advertising, \nincluding:\n\u2022consumer subscriptions, which primarily include revenues from YouTube  services , such as YouTube TV, \nYouTube Music and Premium ,  and NFL Sunday Ticket, as well as Google One;\n\u2022platforms , which  primarily include  revenues from Google Play from the sales of apps and in-app purchases; \nand\n\u2022device s, which  primar ily include sales of the Pixel family of device s.\nGoogle Cloud\nThrough our Google Cloud Platform and Google Workspace offerings, Google Cloud generates revenues \nprimarily from consumption-based fees and subscriptions for infrastructure, platform, collaboration tools and other \ncloud services. Customers use five key capabilities from Google Cloud.\n\u2022AI-optimized Infrastructure:  provides open, reliable, and scalable compute, networking, and storage to \nenable customers to run workloads anywhere \u2014 on our Cloud, at the edge, or in their data centers. It can be \nused to migrate and modernize IT systems and to train and serve various types of AI models. \n\u2022Cybersecurity:  helps customers detect, protect, and respond to a broad range of cybersecurity threats, with \nAI integrated to further strengthen  security outcomes, prioritize which threats to investigate, and identify attack \npaths, as well as accelerate resolution of cybersecurity threats. \n\u2022Databases and Analytics:  provides a variety of different types of databases \u2014 relational, key-value, in-\nmemory \u2014 to store and manage data for different types of applications. Our Data Cloud also unifies data \nlakes, data warehouses, data governance, and advanced machine learning into a single platform that can \nanalyze data across any cloud.Table of Contents Alphabet Inc.\n7."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d35a-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
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{"source": "dataset/google-10-k-2023.pdf", "page": 8, "chroma:document": "\u2022Collaboration Tools:  Google Workspace and Duet AI in Google Workspace provide easy-to-use, secure \ncommunication and collaboration tools, including apps like Gmail, Docs, Drive, Calendar, Meet, and more. \nThese tools enable secure hybrid and remote work, boosting productivity and collaboration. AI has been used \nin Google Workspace for years to improve grammar, efficiency, security, and more with features like Smart \nReply, Smart Compose, and malware and phishing protection in Gmail.  Duet AI in Google Workspace helps \nusers write, organize, visualize, accelerate workflows, and have richer meetings.\n\u2022AI Platform and Duet AI for Google Cloud:  Our Vertex AI platform gives developers the ability to train, tune, \naugment, and deploy applications using generative AI models and services such as Enterprise Search and \nConversations. Duet AI for Google Cloud provides pre-packaged AI agents that assist developers to write, test, \ndocument, and operate software.\nOther Bets\n Across Alphabet, we are also using technology to try to solve big problems that affect a wide variety of industries \nfrom improving transportation and health technology to exploring solutions to address climate change. Alphabet\u2019s \ninvestment in the portfolio of Other Bets includes businesses that are at various stages of development, ranging from \nthose in the R&D phase to those that are in the beginning stages of commercialization. Our goal is for them to become \nthriving, successful businesses. Other Bets operate as independent companies and some of them have their own \nboards with independent members and outside investors. While these early-stage businesses naturally come with \nconsiderable uncertainty, s ome of them are already generating revenue and making important strides in their \nindustries.  Revenues from Other Bets are generated primarily from the sale of healthcare-related services and internet \nservices.\nCompetition\nOur business is characterized by rapid change as well as new and disruptive technologies. We face formidable \ncompetition in every aspect of our business, including, among others, from:\n\u2022general purpose search engines and information services;\n\u2022vertical search engines and e-commerce providers for queries related to travel, jobs, and health, which users \nmay navigate directly to rather than go through Google;\n\u2022online advertising platforms and networks;\n\u2022other forms of advertising, such as billboards, magazines, newspapers, radio, and television as our advertisers"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d38c-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 8, "chroma:document": "typically advertise in multiple media, both online and offline;\n\u2022digital content and application platform providers;\n\u2022providers of enterprise cloud services;\n\u2022developers  and providers of AI products and services ;\n\u2022companies that design, manufacture, and market consumer hardware products, including businesses that \nhave developed proprietary platforms;\n\u2022providers of digital video services; \n\u2022social networks, which users may rely on for product or service referrals, rather than seeking information \nthrough traditional search engines;\n\u2022providers of workspace communication and connectivity products; and \n\u2022digital assistant providers .\nCompeting successfully depends heavily on our ability to develop and distribute innovative products and \ntechnologies to the marketplace across our businesses. For example, for advertising, competing successfully depends \non attracting and retaining:\n\u2022users, for whom other products and services are literally one click away, largely on the basis of the relevance \nof our advertising, as well as the general usefulness, security, and availability of our products and services;\n\u2022advertisers, primarily based on our ability to generate sales leads, and ultimately customers, and to deliver \ntheir advertisements in an efficient and effective manner across a variety of distribution channels; and\n\u2022content providers, primarily based on the quality of our advertiser base, our ability to help these partners \ngenerate revenues from advertising, and the terms of our agreements with them.Table of Contents Alphabet Inc.\n8."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d3c8-8e1f-11ef-b504-acde48001122
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{"source": "dataset/google-10-k-2023.pdf", "page": 9, "chroma:document": "For additional information about competition, see Item 1A Risk Factors of this Annual Report on Form 10-K. \nOngoing Commitment to Sustainability\nWe believe that every business has the opportunity and obligation to protect our planet. Sustainability is one of \nour core values at Google, and we strive to build sustainability into everything we do. We have been a leader on \nsustainability and climate change since Google\u2019s founding more than 25 years ago. \nOur sustainability work is focused on empowering individuals to take action, working together with our partners \nand customers, and working to reduce  our carbon footprint across our operations and supply chain .\nIn 2020, we shared our aspiration to help individuals, cities, and other partners collectively reduce one gigaton of \ntheir carbon equivalent emissions annually by 2030. This is an ambitious vision that we have set to push us to \ncontribute meaningfully to helping with climate solutions beyond our own operations and value chain.  \nIn 2021, we set an ambitious goal to achieve net-zero emissions across all of our operations and value chain, by \n2030. To accomplish this, we aim to reduce 50% of our combined Scope 1, Scope 2 (market-based), and Scope 3 \nabsolute emissions (versus our 2019 baseline) before 2030, and plan to invest in nature-based and technology-based \ncarbon removal solutions to neutralize our remaining emissions. We have formally committed to the Science Based \nTargets initiative to seek their validation of our absolute emissions reduction  target. \nOne of the key levers for reducing emissions from our operations is transitioning to clean energy.  Since 2017, we \nhave matched 100% of the electricity consumption of our global operations with purchases of renewable energy on an \nannual basis. However, because of differences in the availability of renewable energy sources like solar and wind \nacross the regions where we operate\u2014and because of the variable supply of these resources\u2014we still need to rely on \ncarbon-emitting energy sources that power local grids. That is why we set a goal to run on 24/7 carbon-free energy \n(CFE) on every grid where we operate by 2030.\nAchieving net-zero emissions and 24/7 CFE by 2030 are extremely ambitious goals. We also know that our path"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d3fa-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 9, "chroma:document": "to net-zero emissions w ill not be easy or linear. Some of our plans may take years to deliver results, particularly where \nthey involve building new large-scale infrastructure with long lead times. So as our business continues to evolve, we \nexpect our emissions to rise before dropping towards our absolute emissions reduction target.\nTo benefit the people and places where we operate, we have set goals to replenish 120% of the freshwater \nvolume we consume, on average, across our offices and data centers by 2030 and to help restore and improve the \nquality of water and health of ecosystems in the communities where we operate. \nWe also aim to maximize the reuse of finite resources across our operations, products, and supply chains.  Our \ncircularity principles focus on designing out waste from the start, keeping materials in use for as long as possible, and \npromoting healthy materials\u2014for our data centers, workplaces, and products.\nMore information on our approach to sustainability can be found in our annual sustainability reports, including \nGoogle\u2019s Environmental Report. The contents of our sustainability reports are not incorporated by reference into this \nAnnual Report on Form 10-K or in any other report or document we file with the SEC. For additional information about \nrisks and uncertainties applicable to our commitments to attain certain sustainability goals, see Item 1A Risk Factors of \nthis Annual Report on Form 10-K.\nCulture and Workforce\nWe are a company of curious, talented, and passionate people. We embrace collaboration and creativity, and \nencourage the iteration of ideas to address complex challenges in technology and society.\nOur people are critical for our continued success, so we work hard to create an environment where employees \ncan have fulfilling careers, and be happy, healthy, and productive. We offer industry-leading benefits and programs to \ntake care of the diverse needs of our employees and their families, including opportunities for career growth and \ndevelopment, resources to support their financial health, and access to excellent healthcare choices. Our competitive \ncompensation programs help us to attract and retain top candidates, and we will continue to invest in recruiting \ntalented people to technical and non-technical roles, and rewarding them well. We provide a variety of high quality \ntraining and support to managers to build and strengthen their capabilities-\u2013ranging from courses for new managers, to"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d436-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 9, "chroma:document": "learning resources that help them provide feedback and manage performance, to coaching and individual support.\nAt Alphabet, we are committed to making diversity, equity, and inclusion part of everything we do and to growing a \nworkforce that is representative of the users we serve. More information on Google\u2019s approach to diversity can be \nfound in our annual diversity reports, available publicly at diversity.google. The contents of our diversity reports are not \nincorporated by reference into this Annual Report on Form 10-K or in any other report or document we file with the \nSEC.Table of Contents Alphabet Inc.\n9."}


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encoding: FLOAT32
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{"source": "dataset/google-10-k-2023.pdf", "page": 10, "chroma:document": "As of December 31, 2023 , Alphabet had 182,502  employees. We have work councils and statutory employee \nrepresentation obligations in certain countries, and we are committed to supporting protected labor rights, maintaining \nan open culture, and listening to all employees. Supporting healthy and open dialogue is central to how we work, and \nwe communicate information about the company through multiple internal channels to our employees.\nWhen necessary we contract with businesses around the world to provide specialized services where we do not \nhave appropriate in-house expertise or resources, often in fields that require specialized training like cafe operations, \ncontent moderation, customer support, and physical security. We also contract with temporary staffing agencies when \nwe need to cover short-term leaves, when we have spikes in business needs, or when we need to quickly incubate \nspecial projects. We choose our partners and staffing agencies carefully, and review their compliance with Google\u2019s \nSupplier Code of Conduct. We continually make improvements to promote a respectful and positive working \nenvironment for everyone \u2014 employees, vendors, and temporary staff alike.\nGovernment Regulation\nWe are subject to numerous United States (U.S.) federal, state, and local, as well as foreign laws and regulations \ncovering a wide variety of subjects, and the scope of this coverage continues to broaden with continuing new legal and \nregulatory developments in the U.S. and internationally. Like other companies in the technology industry, we face \nincreasingly heightened scrutiny from both U.S. and foreign governments with respect to our compliance with laws and \nregulations. Many of these laws and regulations are evolving and their applicability and scope, as interpreted by the \ncourts, remain uncertain. Particularly  with regard to AI; climate change and sustainability; competition; consumer \nprotection; content moderation; data privacy and security;  news publications; and reporting on human capital and \ndiversity , we have seen an increase in new and evolving laws and regulations, as well as related enforcement actions \nand investigations, being proposed and implemented in recent years by legislative and regulatory bodies around the \nworld.\nOur compliance with these laws and regulations may be onerous and could, individually or in the aggregate, \nincrease our cost of doing business, make our products and services less useful, limit our ability to pursue certain \nbusiness models, cause us to change our business practices, affect our competitive position relative to our peers, and/"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d4e0-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 10, "chroma:document": "or otherwise harm our business, reputation, financial condition, and operating results.\nFor additional information about government regulation applicable to our business, see Item 1A Risk Factors; \nTrends in Our Business and Financial Effect in Part II, Item 7; and Legal Matters in Note 10  of the Notes to \nConsolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K.\nIntellectual Property\nWe rely on various intellectual property laws, confidentiality procedures and contractual provisions to protect our \nproprietary technology and our brand. We have registered, and applied for the registration of, U.S. and international \ntrademarks, service marks, domain names, and copyrights. We have also filed patent applications in the U.S. and \nforeign countries covering certain of our technology, and acquired patent assets to supplement our portfolio. We have \nlicensed in the past, and expect that we may license in the future, certain of our rights to other parties. For additional \ninformation, see Item 1A Risk Factors of this Annual Report on Form 10-K.\nAvailable Information\nOur website is located at www.abc.xyz, and our investor relations website is located at www.abc.xyz/investor. \nAccess to our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and our \nProxy Statements, and any amendments to these reports, is available on our investor relations website, free of charge, \nafter we file or furnish them with the SEC and they are available on the SEC's website at www.sec.gov.\nWe webcast via our investor relations website our earnings calls and certain events we participate in or host with \nmembers of the investment community. Our investor relations website also provides notifications of news or \nannouncements regarding our financial performance and other items that may be material or of interest to our \ninvestors, including SEC filings, investor events, press and earnings releases, and blogs. We also share Google news \nand product updates on Google's Keyword blog at https://www.blog.google/, which may be of interest or material to our \ninvestors. Further, corporate governance information, including our certificate of incorporation, bylaws, governance \nguidelines, board committee charters, and code of conduct, is also available on our investor relations website under"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d526-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 10, "chroma:document": "the heading \"Governance.\" The content of our websites are not incorporated by reference into this Annual Report on \nForm 10-K or in any other report or document we file with the SEC, and any references to our websites are intended to \nbe inactive textual references only.Table of Contents Alphabet Inc.\n10."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d576-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 11, "chroma:document": "ITEM 1A. RISK FACTORS\nOur operations and financial results are subject to various risks and uncertainties, including but not limited to \nthose described below, which could harm our business, reputation, financial condition, and operating results, and affect \nthe trading price of our Class A and Class C stock.\nRisks Specific to our Company\nWe generate a significant portion of our revenues from advertising. Reduced spending by advertisers, a \nloss of partners, or new and existing technologies that block ads online and/or affect our ability to customize \nads could harm our business. \nWe generated more than 75% of total  revenues from online advertising in 2023. Many of our advertisers, \ncompanies that distribute our products and services, digital publishers, and content providers can terminate their \ncontracts with us at any time. These partners may not continue to do business with us if we do not create more value \n(such as increased numbers of users or customers, new sales leads, increased brand awareness, or more effective \nmonetization) than their available alternatives. Changes to our advertising policies and data privacy practice s, such as \nour initiatives to phase out third-party cookies,  as well as changes to other companies\u2019 advertising and/or data privacy \npractices have in the past, and may in the future, affect the advertising that we are able to provide. In addition, \ntechnologies have been developed that make customized ads more difficult, or that block the display of ads altogether, \nand some providers of online services have integrated these technologies that could potentially impair the availability \nand functionality of third-party digital advertising. Failing to provide superior value or deliver advertisements effectively \nand competitively could harm our business, reputation, financial condition, and operating results. \nIn addition, expenditures by advertisers tend to correlate with overall economic conditions. Adverse \nmacroeconomic conditions have affected, and may in the future affect, the demand for advertising, resulting in \nfluctuations in the amounts our advertisers spend on advertising, which could harm our financial condition and \noperating results. \nWe face intense competition. If we do not continue to innovate and provide products and services that \nare useful to users, customers, and other partners, we may not remain competitive, which could harm our \nbusiness, financial condition, and operating results. \nOur business environment is rapidly evolving and intensely competitive. Our businesses face changing"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d5a8-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 11, "chroma:document": "Our business environment is rapidly evolving and intensely competitive. Our businesses face changing \ntechnologies, shifting user needs, and frequent introductions of rival products and services. To compete successfully, \nwe must accurately anticipate technology developments and deliver innovative, relevant and useful products, services, \nand technologies in a timely manner. As our businesses evolve, the competitive pressure to innovate will encompass a \nwider range of products and services. We must continue to invest significant resources in technical infrastructure and \nR&D, including through acquisitions, in order to enhance our technology, products , and services . \nWe have many competitors in different industries. Our current and potential domestic and international \ncompetitors range from large and established companies to emerging start-ups. Some competitors have longer \noperating histories and well-established relationships in various sectors. They can use their experience and resources \nin ways that could affect our competitive position, including by making acquisitions  and entering into other strategic \narrangements ; continuing to invest heavily in technical infrastructure, R&D, and in talent;  initiating intellectual property \nand competition claims (whether or not meritorious); and continuing to compete for users, advertisers, customers, and \ncontent providers. Further, discrepancies in enforcement of existing laws may enable our lesser known competitors to \naggressively interpret those laws without commensurate scrutiny, thereby affording them competitive advantages. Our \ncompetitors may also be able to innovate and provide products and services faster than we can or may foresee the \nneed for products and services before we do. \nWe are expanding our investment in AI across the entire company . This includes generative AI and continuing to \nintegrate AI capabilities into our products and services. AI technology and services are highly competitive, rapidly \nevolving, and require significant investment, including development and operational costs, to meet the changing needs \nand expectations of our existing users and attract new users. Our ability to deploy certain AI technologies critical for \nour products and services and for our business strategy may depend on the availability and pricing of third-party \nequipment and technical infrastructure. Additionally, other companies may develop AI products and technologies that \nare similar or superior to our technologies or more cost-effective to deploy. Other companies may also have (or in the \nfuture may obtain) patents or other proprietary rights that would prevent, limit, or interfere with our ability to make, use, \nor sell our own AI products and services."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d5e4-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 11, "chroma:document": "or sell our own AI products and services.\nOur financial condition and operating results may also suffer if our products and services are not responsive to the \nevolving needs and desires of our users, advertisers, publishers, customers, and content providers. As new and \nexisting technologies continue to develop, competitors and new entrants may be able to offer experiences that are, or Table of Contents Alphabet Inc.\n11."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d620-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 12, "chroma:document": "that are seen to be, substantially similar to or better than ours. These technologies could reduce usage of our products \nand services, and force us to compete in different ways and expend significant resources to develop and operate equal \nor better products and services. Competitors\u2019 success in providing compelling products and services or in attracting \nand retaining users, advertisers, publishers, customers, and content providers could harm our financial condition and \noperating results. \nOur ongoing investment in new businesses, products, services, and technologies  is inherently risky, and \ncould divert management attention and harm our business, financial condition, and operating results. \nWe have invested and expect to continue to invest in new businesses, products, services,  and technologies in a \nwide range of industries beyond online advertising. The investments that we are making across our businesses, such \nas building AI capabilities into new and existing products and services , reflect our ongoing efforts to innovate and \nprovide products and services that are helpful to users, advertisers, publishers, customers, and content providers . Our \ninvestments ultimately  may not be commercially viable or may not result in an adequate return of capital and, in \npursuing new strategies, we may incur unanticipated liabilities. Innovations in our products and services could also \nresult in changes to user behavior and affect our revenue trends. These endeavors involve significant risks and \nuncertainties, including diversion of resources and management attention from current operations, different \nmonetization models, and the use of alternative investment, governance, or compensation structures that may fail to \nadequately align incentives across the company or otherwise accomplish their objectives.\nWithin Google Services , we continue to invest heavily in devices , including our smartphones, home devices,  and \nwearables, which is a highly competitive market  with frequent introduction of new products and services, rapid \nadoption of technological advancements by competitors, increased market saturation in developed countries, short \nproduct life cycles, evolving industry standards, continual improvement in performance characteristics, and price and \nfeature sensitivity on the part of consumers and businesses.  There can be no assurance we will be able to provide \ndevices  that compete  effectively. \nWithin Google Cloud , we devote significant resources to develop and deploy our enterprise-ready cloud services, \nincluding Google Cloud Platform and Google Workspace, and we are advancing our AI platforms and models to"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d652-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 12, "chroma:document": "support these tools and technologies. We are incurring costs to build and maintain infrastructure to support cloud \ncomputing services, invest in cybersecurity, and hire talent, particularly to support and scale our sales force. At the \nsame time, our competitors are rapidly developing and deploying cloud-based services. Pricing and delivery models \nare competitive and constantly evolving, and we may not attain sufficient scale and profitability to achieve our business \nobjectives. Further, our business with public sector customers may present additional risks, including regulatory \ncompliance risks. For instance, we may be subject to government audits and cost reviews, and any failure to comply or \nany deficiencies found may expose us to legal, financial, and/or reputational risks. Evolving laws and regulations may \nrequire us to make new capital investments, build new products, and seek partners to deliver localized services in \nother countries, and we may not be able to meet sovereign operating requirements. \nWithin Other Bets, we are investing significantly in the areas of health, life sciences, and transportation, among \nothers. These investment areas face intense competition from large, experienced, and well-funded competitors, and \nour offerings, many of which involve the development of new and emerging technologies, may not be successful, or be \nable to compete effectively or operate at sufficient levels of profitability. \nIn addition, new and evolving products and services, including those that use AI, raise ethical, technological, \nlegal, regulatory, and other challenges, which may negatively affect our brands and demand for our products and \nservices. Because all of these investment areas are inherently risky, no assurance can be given that such strategies \nand offerings will be successful or will not harm our reputation, financial condition, and operating results. \nOur revenue growth rate could decline over time , and we may experience  downward pressure on our \noperating margin in the future. \nOur revenue growth rate  could decline over time as a result of a number of factors, including changes in the \ndevices and modalities used to access our products and services; changes in geographic mix; deceleration or declines \nin advertiser spending; competition; customer usage and demand for our products; decreases in our pricing of our \nproducts and services; ongoing product and policy changes; and shifts to lower priced products and services.  \nIn addition, we may experience downward pressure on our operating margin resulting from a variety of factors,"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d68e-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 12, "chroma:document": "such as an increase in the mix of lower-margin products and services, in particular from the continued expansion of our \nbusiness into new fields, including products and services such as our devices , Google Cloud, and consumer  \nsubscription products, as well as significant investments in Other Bets, all of which may have margins lower than those \nwe generate from advertising. In particular, margins on our device s have had, and may continue to have, an adverse \neffect on our consolidated margins due to pressures on pricing and higher cost of sales. We may also experience Table of Contents Alphabet Inc.\n12."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d6d4-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 13, "chroma:document": "downward pressure on our operating margins from increasing regulations, increasing competition, and increasing costs \nfor many aspects of our business. Further, certain of our costs and expenses are generally less variable in nature and \nmay not correlate to changes in revenue. W e may  also not be able to execute our efforts to re-engineer our cost base \nsuccessfully or in a timely manner. Due to these factors and the evolving nature of our business, our historical revenue \ngrowth rate and historical operating margin may not be indicative of our future performance. For additional information, \nsee Trends in Our Business and Financial Effect and Revenues and Monetization Metrics in Part II, Item 7 of this \nAnnual Report on Form 10-K. \nOur intellectual property rights are valuable, and any inability to protect them could reduce the value of \nour products, services, and brands as well as affect our ability to compete. \nOur patents, trademarks, trade secrets, copyrights, and other intellectual property rights are important assets for \nus. Various events outside of our control pose a threat to our intellectual property rights, as well as to our products, \nservices, and technologies. For example, effective intellectual property protection may not be available in every country \nin which our products and services are distributed or made available through the Internet. Also, the efforts we have \ntaken to protect our proprietary rights may not be sufficient or effective. Although we seek to obtain patent protection \nfor our innovations, it is possible we may not be able to protect some of these innovations. Moreover, we may not have \nadequate patent or copyright protection for certain innovations that later turn out to be important. There is always the \npossibility that the scope of the protection gained will be insufficient or that an issued patent may be deemed invalid or \nunenforceable. \nWe also seek to maintain certain intellectual property as trade secrets. The secrecy of such trade secrets and \nother sensitive information could be compromised, which could cause us to lose the competitive advantage resulting \nfrom these trade secrets. We also face risks associated with our trademarks. For example, there is a risk that the word \n\u201cGoogle\u201d could become so commonly used that it becomes synonymous with the word \u201csearch.\u201d Some courts have \nruled that \"Google\" is a protectable trademark, but it is possible that other courts, particularly those outside of the U.S.,"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d710-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 13, "chroma:document": "may reach a different determination. If this happens, we could lose protection for this trademark, which could result in \nother people using the word \u201cGoogle\u201d to refer to their own products, thus diminishing our brand. \nAny significant impairment of our intellectual property rights could harm our business and our ability to compete. \nAlso, protecting our intellectual property rights is costly and time consuming. Any increase in the unauthorized use of \nour intellectual property could make it more expensive to do business and harm our financial condition and operating \nresults. \nOur business depends on strong brands, and failing to maintain and enhance our brands would hurt our \nability to expand our base of users, advertisers, customers, content providers, and other partners. \nOur strong brands have significantly contributed to the success of our business. Maintaining and enhancing the \nbrands within Google Service s, Google Cloud, and Other Bets increases our ability to enter new categories and launch \nnew and innovative products and services that better serve the needs of our users, advertisers, customers, content \nproviders, and other partners. Our brands have been, and may in the future be, negatively affected by a number of \nfactors, including, among others, reputational issues, third-party content shared on our platforms, data privacy and \nsecurity issues and developments, and product or technical performance failures.  For example, if we fail to respond \nappropriately to the sharing of misinformation or objectionable content on our services and/or products or objectionable \npractices by advertisers, or otherwise to adequately address user concerns, our users may lose confidence in our \nbrands. \nFurthermore, failure to maintain and enhance our brands could harm our business, reputation, financial condition, \nand operating results. Our success will depend largely on our ability to remain a technology leader and continue to \nprovide high-quality, trustworthy, innovative products and services that are truly useful and play a valuable role in a \nrange of settings. \nWe face a number of manufacturing and supply chain risks that could harm our business, financial \ncondition, and operating results. \nWe face a number of risks related to manufacturing and supply chain management, which could affect our ability \nto supply both our products and our services. \nWe rely on contract manufacturers to manufacture or assemble our device s and servers and networking \nequipment used in our technical infrastructure, and we may supply the contract manufacturers with components to"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d77e-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 13, "chroma:document": "assemble t he device s and equipment. We also rely on other companies to participate in the  supply of components and  \ndistribution of our products and services. Our business could be negatively affected if we are not able to engage these \ncompanies with the necessary capabilities or capacity on reasonable terms, or if those we engage fail to meet their Table of Contents Alphabet Inc.\n13."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d7c4-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 14, "chroma:document": "obligations (whether due to financial difficulties or other reasons), or make adverse changes in the pricing or other \nmaterial terms of our arrangements with them. \nWe have experienced and/or may in the future experience supply shortages, price increases, quality issues, and/\nor longer lead times that could negatively affect our operations, driven by raw material, component availability, \nmanufacturing capacity, labor shortages, industry allocations, logistics capacity, inflation, foreign currency exchange \nrates, tariffs, sanctions and export controls, trade disputes and barriers, forced labor concerns, sustainability sourcing \nrequirements, geopolitical tensions, armed conflicts, natural disasters or pandemics, the effects of climate change \n(such as sea level rise, drought, flooding, heat waves, wildfires and resultant air quality effects and power shutdowns  \nassociated with wildfire prevention, and increased storm severity), power loss, and significant changes in the financial \nor business condition of our suppliers. Some of the components we use in our technical infrastructure and our device s \nare available from only one or limited sources, and we may not be able to find replacement vendors on favorable terms \nin the event of a supply chain disruption. A significant supply interruption that affects us or our vendors could delay \ncritical data center upgrades or expansions and delay consumer product availability . \nWe may enter into long-term contracts for materials and products that commit us to significant terms and \nconditions. We may face costs for materials and products that are not consumed due to market demand, technological \nchange, changed consumer preferences, quality, product recalls, and warranty issues. For instance, because certain of \nour hardware  supply contracts have volume-based pricing or minimum purchase requirements, if the volume of sales \nof our devices decreases or does not reach projected targets, we could face increased materials and manufacturing \ncosts or other financial liabilities that could make our products more costly per unit to manufacture and harm our \nfinancial condition and operating results. Furthermore, certain of our competitors may negotiate more favorable \ncontractual terms based on volume and other commitments that may provide them with competitive advantages and \nmay affect our supply. \nOur device s have had, and in the future may have, quality issues resulting from design, manufacturing, or \noperations. Sometimes, these issues may be caused by components we purchase from other manufacturers or \nsuppliers. If the quality of our products and services does not meet expectations or our products or services are"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d800-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 14, "chroma:document": "defective or require a recall, it could harm our reputation, financial condition, and operating results.  \nWe require our suppliers and business partners to comply with laws and, where applicable, our company policies \nand practices, such as the Google Supplier Code of Conduct, regarding workplace and employment practices, data \nsecurity, environmental compliance, and intellectual property licensing, but we do not control them or their practices. \nViolations of law or unethical business practices could result in supply chain disruptions, canceled orders, harm to key \nrelationships, and damage to our reputation. Their failure to procure necessary license rights to intellectual property \ncould affect our ability to sell our products or services and expose us to litigation or financial claims. \nInterruption to, interference with, or failure of our complex information technology and communications \nsystems could hurt our ability to effectively provide our products and services, which could harm  our \nreputation, financial condition, and operating results. \nThe availability of our products and services and fulfillment of our customer contracts depend on the continuing \noperation of our information technology and communications systems. Our systems are vulnerable to damage, \ninterference, or interruption from modifications or upgrades, terrorist attacks, state-sponsored attacks, natural disasters \nor pandemics, geopolitical tensions or armed conflicts, export controls and sanctions, the effects of climate change \n(such as sea level rise, drought, flooding, heat waves, wildfires and resultant air quality effects and power shutdowns  \nassociated with wildfire prevention, and increased storm severity), power loss, utility outages, telecommunications \nfailures, computer viruses, software bugs, ransomware attacks, supply-chain attacks, computer denial of service \nattacks, phishing schemes, or other attempts to harm or access our systems. Some of our data centers are located in \nareas with a high risk of major earthquakes or other natural disasters. Our data centers are also subject to break-ins, \nsabotage, and intentional acts of vandalism, and, in some cases, to potential disruptions resulting from problems \nexperienced by facility operators or disruptions as a result of geopolitical tensions and conflicts happening in the area. \nSome of our systems are not fully redundant, and disaster recovery planning cannot account for all eventualities. The \noccurrence of a natural disaster or pandemic, closure of a facility, or other unanticipated problems affecting our data"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d846-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 14, "chroma:document": "centers could result in lengthy interruptions in our service. In addition, our products and services are highly technical \nand complex and have contained in the past, and may contain in the future, errors or vulnerabilities, which could result \nin interruptions in or failure of our services or systems. Any of these incidents could impede or prevent us from \neffectively offering products and providing services, which could harm our reputation, financial condition, and operating \nresults. \nOur international operations expose us to additional risks that could harm our business, financial \ncondition, and operating results.Table of Contents Alphabet Inc.\n14."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d882-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 15, "chroma:document": "Our international operations are significant to our revenues and net income, and we plan to continue to grow \ninternationally. International revenues accounted for approximately 53% of our consolidated revenues in 2023. In \naddition to risks described elsewhere in this section, our international operations expose us to other risks, including the \nfollowing:\n\u2022restrictions on foreign ownership and investments, and stringent foreign exchange controls that might prevent \nus from repatriating cash earned in countries outside the U.S.;\n\u2022sanctions, import and export controls, other market access barriers, political unrest, geopolitical tensions, \nchanges in regimes, or armed conflict (such as ongoing conflicts in the Middle East and Ukraine), any of which \nmay affect our business continuity, increase our operating costs, limit demand for our products and services, \nlimit our ability to source components or final products, or prevent or impede us from  operating in certain \njurisdictions , complying with local laws, or offering products or services;\n\u2022longer payment cycles in some countries, increased credit risk, and higher levels of payment fraud;\n\u2022an evolving foreign policy landscape that may adversely affect our revenues and could subject us to litigation, \nnew regulatory costs and challenges (including new customer requirements), uncertainty regarding regulatory \noutcomes, and other liabilities under local laws that may not offer due process or clear legal precedent;\n\u2022anti-corruption laws, such as the U.S. Foreign Corrupt Practices Act, and other local laws prohibiting certain \npayments to government officials, violations of which could result in civil and criminal penalties; and\n\u2022different employee/employer relationships, existence of works councils and differing labor practices, and other \nchallenges caused by distance, language, local expertise, and cultural differences, increasing the complexity \nof doing business in multiple jurisdictions.\nBecause we conduct business in currencies other than U.S. dollars but report our financial results in U.S. dollars, \nwe have faced, and will continue to face, exposure to fluctuations in foreign currency exchange rates. Although we \nhedge a portion of our international currency exposure, significant fluctuations in exchange rates between the U.S. \ndollar and foreign currencies  have in the past and may in the future adversely affect our revenues and earnings. \nHedging programs are also inherently risky and could expose us to additional risks that could harm our financial \ncondition and operating results."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d8be-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 15, "chroma:document": "condition and operating results. \nWe are exposed to fluctuations in the fair values of our investments and, in some instances, our financial \nstatements incorporate inherently subjective valuation methodologies. \nThe fair value of our debt and equity investments may in the future be, and certain investments have been in the \npast, negatively affected by liquidity, credit deterioration or losses, performance and financial results of the underlying \nentities, foreign exchange rates, changes in interest rates, including changes that may result from the implementation \nof new benchmark rates, the effect of new or changing regulations, the stock market in general, or other factors. \nWe measure certain of our non-marketable equity and debt securities, certain other instruments including stock-\nbased compensation awards settled in the stock of  Other Bet  companies, and certain assets and liabilities acquired in \na business combination, at fair value on a nonrecurring basis, which is inherently subjective and requires management \njudgment and estimation. All gains and losses on non-marketable equity securities are recognized in OI&E, which \nincreases the volatility of our OI&E. The unrealized gains and losse s or impairments we record from fair value \nremeasurements in any particular period may differ significantly from the gains or losses we ultimately realize on such \ninvestments.  \nAs a res ult of these factors, the value of our investments could decline, which could harm our financial condition \nand operating results. \nRisks Related to our Industry \nPeople access our products and services through a variety of platforms and devices that continue to \nevolve with the advancement of technology and user preferences. If manufacturers and users do not widely \nadopt versions of our products and services developed for these interfaces, our business could be harmed. \nPeople access our products and services through a growing variety of devices such as desktop computers, \nmobile phones, smartphones, laptops and tablets, video game consoles, voice-activated speakers, wearables \n(including virtual reality and augmented reality devices), automobiles, and television-streaming devices. Our products \nand services may be less popular on some interfaces. Each manufacturer or distributor may establish unique technical \nstandards for its devices, and our products and services may not be available or may only be available with limited \nfunctionality for our users or our advertisers on these devices as a result. Some manufacturers may also elect not to"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d904-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 15, "chroma:document": "include our products on their devices. In addition, search queries may be undertaken via voice-activated search, apps, Table of Contents Alphabet Inc.\n15."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d940-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 16, "chroma:document": "social media or other platforms, which could harm our business. It is hard to predict the challenges we may encounter \nin adapting our products and services and developing competitive new products and services. We expect to continue \nto devote significant resources to creating and supporting products and services across multiple platforms and devices. \nFailing to attract and retain a substantial number of new device manufacturers, suppliers, distributors, developers, and \nusers, or failing to develop products and technologies that work well on new devices and platforms, could harm our \nbusiness, financial condition, and operating results and ability to capture future business opportunities. \nIssues in the development and use of AI may result in reputational harm and increased liability exposure. \nOur evolving AI-related efforts may give rise to risks related to harmful content, inaccuracies, discrimination, \nintellectual property infringement or misappropriation, defamation, data privacy, cybersecurity, and other issues . As a \nresult of these and other challenges associated with innovative technologies, our implementation of AI systems could \nsubject us to competitive harm, regulatory action, legal liability (including under new and proposed legislation and \nregulations), new applications of existing data protection, privacy, intellectual property, and other laws, and brand or \nreputational harm. \nSome uses of AI will present ethical issues and may have broad effects on society. In order to implement A I \nresponsibly and minimize unintended harmful effects, we have already devoted and will continue to invest significant  \nresources to develop, test, and maintain our products and services, but we may not be able to identify or resolve all AI-\nrelated issues, deficiencies, and/or failures before they arise. Unintended consequences, uses, or customization of our \nAI tools and systems may negatively affect human rights, privacy, employment, or other social concerns, which may \nresult in claims, lawsuits, brand or reputational harm, and increased regulatory scrutiny, any of which could harm our \nbusiness, financial condition, and operating results.\nData privacy  and security concerns relating to our technology and our practices could harm our \nreputation, cause us to incur significant liability, and deter current and potential users or customers from \nusing our products and services. Computer viruses, software bugs or defects, security breaches, and attacks \non our systems could result in the improper disclosure and use of user data and interference with our users\u2019"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d97c-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 16, "chroma:document": "and customers\u2019 ability to use our products and services, harming our business and reputation. \nConcerns about, including the adequacy of, our practices with regard to the collection, use, governance, \ndisclosure, or security of personal data or other data-privacy-related matters, even if unfounded, could harm our \nbusiness, reputation, financial condition, and operating results. Our policies and practices may change over time as \nexpectations and regulations regarding privacy and data change. \nOur products and services involve the storage, handling, and transmission of proprietary and other sensitive \ninformation. Software bugs, theft, misuse, defects, vulnerabilities in our products and services, and security breaches \nexpose us to a risk of loss or improper use and disclosure of such information, which could result in litigation and other \npotential liabilities, including regulatory fines and penalties, as well as reputational harm. Additionally, our products \nincorporate highly technical and complex technologies, and thus our technologies and software have contained, and \nare likely in the future to contain, undetected errors, bugs, and/or vulnerabilities. We continue to add new features \ninvolving AI to our offerings and internal systems, and features that rely on AI may be susceptible to unanticipated \nsecurity threats as our and the market\u2019s understanding of AI-centric security risks and protection methods continue to \ndevelop. We have in the past discovered, and may in the future discover, some errors in our software code only after \nwe have released the code. Systems and control failures, security breaches, failure to comply with our privacy policies, \nand/or inadvertent disclosure of user data could result in government and legal exposure, seriously harm our \nreputation, brand, and business, and impair our ability to attract and retain users or customers. Such incidents have \noccurred in the past and may continue to occur due to the scale and nature of our products and services. While there \nis no guarantee that such incidents will not cause significant damage, we expect to continue to expend significant \nresources to maintain security protections that limit the effect of bugs, theft, misuse, and security vulnerabilities or \nbreaches. \nWe experience cyber attacks and other attempts to gain unauthorized access to our systems on a regular basis. \nCyber attacks continue to evolve in sophistication and volume, and inherently may be difficult to detect for long periods"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597d9b8-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 16, "chroma:document": "of time. We have seen, and will continue to see, industry-wide software supply chain vulnerabilities, which could affect \nour or other parties\u2019 systems. We expect to continue to experience such incidents or vulnerabilities in the future. Our \nefforts to address undesirable activity on our platform may also increase the risk of retaliatory attack. In addition, we \nface the risk of cyber attacks by nation-states and state-sponsored actors. These attacks may target us or our \ncustomers, particularly our public sector customers (including federal, state, and local governments). Geopolitical \ntensions or armed conflicts, such as the ongoing conflict in the Middle East and Ukraine , may increase these risks. \nWe may experience security issues, whether due to employee or insider error or malfeasance, system errors, or \nvulnerabilities in our or other parties\u2019 systems. While we may not determine some of these issues to be material at the Table of Contents Alphabet Inc.\n16."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597da08-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 17, "chroma:document": "time they occur and may remedy them quickly, there is no guarantee that these issues will not ultimately result in \nsignificant legal, financial, and reputational harm, including government inquiries, enforcement actions, litigation, and \nnegative publicity. There is also no guarantee that a series of related issues may not be determined to be material at a \nlater date in the aggregate, even if they may not be material individually at the time of their occurrence. Because the \ntechniques used to obtain unauthorized access to, disable or degrade service provided by or otherwise sabotage \nsystems change frequently and often are recognized only after being launched against a target, even taking all \nreasonable precautions, including those required by law, we have been unable in the past and may continue to be \nunable to anticipate or detect attacks or vulnerabilities or implement adequate preventative measures. \nFurther, if any partners with whom we share user or other customer information fail to implement adequate data-\nsecurity practices, fail to comply with our terms and policies, or otherwise suffer a network or other security breach, our \nusers\u2019 data may be improperly accessed, used, or disclosed. If an actual or perceived breach of our or our business \npartners\u2019 or service providers\u2019 security occurs, the market perception of the effectiveness of our security measures \nwould be harmed, we could lose users and customers, our trade secrets or those of our business partners may be \ncompromised, and we may be exposed to significant legal and financial risks, including legal claims (which may \ninclude class-action litigation) and regulatory actions, fines, and penalties. Any of the foregoing consequences could \nharm our business, reputation, financial condition, and operating results. \nWhile we have dedicated significant resources to privacy and security incident response capabilities , including \ndedicated worldwide incident response teams, our response process, particularly during times of a natural disaster or \npandemic, may not be adequate, may fail to accurately assess the severity of an incident, may not be fast enough to \nprevent or limit harm, or may fail to sufficiently remediate an incident. As a result, we may suffer significant legal, \nreputational, or financial exposure, which could harm our business, financial condition, and operating results. \nFor additional information, see also our risk factor on privacy and data protection regulations under \u2018Risks Related \nto Laws, Regulations, and Policies\u2019 below."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597da44-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 17, "chroma:document": "to Laws, Regulations, and Policies\u2019 below.\nOur ongoing investments in safety, security, and content review will likely continue to identify abuse of \nour platforms and misuse of user data. \nIn addition to our efforts to prevent and mitigate cyber attacks, we are making significant investments in safety, \nsecurity, and review efforts to combat misuse of our services and unauthorized access to user data by third parties, \nincluding investigation and review of platform applications that could access the information of users of our services. \nAs a result of these efforts, we have in the past discovered, and may in the future discover, incidents of unnecessary \naccess to or misuse of user data or other undesirable activity by third parties. However, we may not have discovered, \nand may in the future not discover, all such incidents or activity, whether as a result of our data limitations, including \nour lack of visibility over our encrypted services, the scale of activity on our platform, or other factors, including factors \noutside of our control such as a natural disaster or pandemic, and we may learn of such incidents or activity via third \nparties. Such incidents and activities may include the use of user data or our systems in a manner inconsistent with our \nterms, contracts or policies, the existence of false or undesirable user accounts, election interference, improper ad \npurchases, activities that threaten people\u2019s safety on- or off-line, or instances of spamming, scraping, or spreading \ndisinformation. While we may not determine some of these incidents to be material at the time they occurred and we \nmay remedy them quickly, there is no guarantee that these issues will not ultimately result in significant legal, financial, \nand reputational harm, including government inquiries and enforcement actions, litigation, and negative publicity. There \nis also no guarantee that a series of related issues may not be determined to be material at a later date in the \naggregate, even if they may not be material individually at the time of their occurrence. \nWe may also be unsuccessful in our efforts to enforce our policies or otherwise prevent or remediate any such \nincidents. Any of the foregoing developments may negatively affect user trust and engagement, harm our reputation \nand brands, require us to change our business practices in ways that harm our business operations, and adversely \naffect our business and financial results. Any such developments may also subject us to additional litigation and"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597da76-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 17, "chroma:document": "regulatory inquiries, which could result in monetary penalties and damages, divert management\u2019s time and attention, \nand lead to enhanced regulatory oversight. \nProblematic content on our platforms, including low-quality user-generated content, web spam, content \nfarms, and other violations of our guidelines could affect the quality of our services, which could harm our \nreputation and deter our current and potential users from using our products and services. \nWe, like others in the industry, face violations of our content guidelines across our platforms, including \nsophisticated attempts by bad actors to manipulate our hosting and advertising systems to fraudulently generate \nrevenues, or to otherwise generate traffic that does not represent genuine user interest or intent. While we invest \nsignificantly in efforts to promote high-quality and relevant results and to detect and prevent low-quality content and \ninvalid traffic, we have been unable and may continue to be unable to detect and prevent all such abuses or promote Table of Contents Alphabet Inc.\n17."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597dabc-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 18, "chroma:document": "uniformly high-quality content. Increased use of AI in our offerings and internal systems may create new avenues of \nabuse for bad actors.\nMany websites violate or attempt to violate our guidelines, including by seeking to inappropriately rank higher in \nsearch results than our search engine's assessment of their relevance and utility would rank them. Such efforts have \naffected, and may continue to affect, the quality of content on our platforms and lead them to display false, misleading, \nor undesirable content. Although English-language web spam in our search results has been reduced, and web spam \nin most other languages is limited, we expect web spammers will continue to seek inappropriate ways to improve their \nrankings. Although we continue to invest in and deploy proprietary technology to detect and prevent web spam on our \nplatforms, there is no guarantee that our technology will always be successful, and our users may have negative \nexperiences on our platforms if our technology fails to work as intended, which may affect our users' decisions in \ncontinuing to use our platforms. We also face other challenges from low-quality and irrelevant content websites, \nincluding content farms, which are websites that generate large quantities of low-quality content to help them improve \ntheir search rankings. We are continually launching algorithmic changes designed to detect and prevent abuse from \nlow-quality websites, but we may not always be successful. We also face other challenges on our platforms, including \nviolations of our content guidelines involving incidents such as attempted election interference, activities that threaten \nthe safety and/or well-being of our users on- or off-line, and the spreading of misinformation or disinformation. \nIf we fail to either detect and prevent an increase in problematic content or effectively promote high-quality \ncontent, it could hurt our reputation for delivering relevant information or reduce use of our platforms, harming our \nfinancial condition and operating results. It may also subject us to litigation and regulatory actions, which could result in \nmonetary penalties and damages and divert management\u2019s time and attention. \nOur business depends on continued and unimpeded access to the Internet by us and our users. Internet \naccess providers may be able to restrict, block, degrade, or charge for access to certain of our products and \nservices, which could lead to additional expenses and the loss of users and advertisers."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597daee-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 18, "chroma:document": "Our products and services depend on the ability of our users to access the Internet, and certain of our products \nrequire significant bandwidth to work effectively. Currently, this access is provided by companies that have significant \nmarket power in the broadband and internet access marketplace, including incumbent telephone companies, cable \ncompanies, mobile communications companies, and government-owned service providers. Some of these providers \nhave taken, or have stated that they may take, measures that could degrade, disrupt, or increase the cost of user \naccess to certain of our products by restricting or prohibiting the use of their infrastructure to support or facilitate our \nofferings, by charging increased fees to us or our users to provide our offerings, or by providing our competitors \npreferential access. Some jurisdictions have adopted regulations prohibiting certain forms of discrimination by internet \naccess providers; however, substantial uncertainty exists in the U.S. and elsewhere regarding such protections. For \nexample, in 2018 the U.S. Federal Communications Commission repealed net neutrality rules, which could permit \ninternet access providers to restrict, block, degrade, or charge for access to certain of our products and services. In \naddition, in some jurisdictions, our products and services have been subject to government-initiated restrictions or \nblockages. These could harm existing key relationships, including with our users, customers, advertisers, and/or \ncontent providers, and impair our ability to attract new ones; harm our reputation; and increase costs, thereby \nnegatively affecting our business. \nRisks Related to Laws, Regulations, and Policies \nWe are subject to a variety of new, existing, and changing laws and regulations worldwide that could \nharm our business, and will likely be subject to an even broader scope of laws and regulations as we continue \nto expand our business. \nWe are subject to numerous U.S. and foreign laws and regulations covering a wide variety of subjects, and our \nintroduction of new businesses, products, services, and technologies will likely continue to subject us to additional laws \nand regulations. In recent years, governments around the world have proposed and adopted a large number of new \nlaws and regulations relevant to the digital economy, particularly in the areas of data privacy and security, competition, \nenvironmental, social and governance (ESG) requirements, AI, and online content. The costs of compliance with these \nmeasures are high and are likely to increase in the future."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597db34-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 18, "chroma:document": "measures are high and are likely to increase in the future. \nNew or changing laws and regulations, or new interpretations or applications of existing laws and regulations in a \nmanner inconsistent with our practices, have resulted in, and may continue to result in, less useful products and \nservices, altered business practices, limited ability to pursue certain business models or offer certain products and \nservices, substantial costs, and civil or criminal liability. Examples include laws and regulations regarding: \n\u2022Competition and technology platforms\u2019 business practices: Laws and regulations focused on large \ntechnology platforms, including the Digital Markets Act in the European Union (EU); regulations and legal Table of Contents Alphabet Inc.\n18."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597db7a-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 19, "chroma:document": "settlements in the U.S., South Korea, and elsewhere that affect Google Play\u2019s billing policies , fees, and \nbusiness model; as well as litigation and new regulations under consideration in a range of jurisdictions.\n\u2022AI: Laws and regulations focused on the development, use, and provision of AI technologies and other digital \nproducts and services, which could result in monetary penalties or other regulatory actions. For example, while \nlegislative text has yet to be finalized and formally approved, provisional political agreement on a proposed EU \nAI Act was reached between co-legislators in December 2023, including that specific transparency and other \nrequirements would be introduced for general purpose AI systems and the models on which those systems are \nbased.  In addition, the White House's Executive Order on the Safe, Secure, and Trustworthy Development and \nUse of Artificial Intelligence devises a framework for the U.S. government, among other things, to regulate \nprivate sector use and development of certain foundation models. \n\u2022Data privacy, collection, and processing:  Laws and regulations further restricting the collection, processing, \nand/or sharing of user or advertising-related data, including privacy and data protection laws; laws affecting the \nprocessing of children's data (as discussed further below), data breach notification laws, and laws limiting data \ntransfers (including data localization laws). \n\u2022Copyright and other intellectual property : Copyright and related laws, including the EU Directive on \nCopyright in the Digital Single Market and European Economic Area transpositions, which may introduce new \nlicensing regimes, increase liability with respect to content uploaded by users or  linked to from our platforms,  \nor create property rights in news publications that could require payments to news agencies and publishers, \nwhich may result in other regulatory actions . \n\u2022Content  moderation : Various laws covering content moderation and removal, and related disclosure \nobligations, such as the EU's Digital Services Act, Florida\u2019s Senate Bill 7072 and Texas\u2019 House Bill 20, and \nlaws and proposed legislation in Singapore, Australia, and the United Kingdom that impose penalties for failure \nto remove certain types of content or require disclosure of information about the operation of our services and \nalgorithms, which may make it harder for services like Google Search and YouTube to detect and deal with \nlow-quality, deceptive, or harmful content."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597dbc0-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 19, "chroma:document": "low-quality, deceptive, or harmful content.\n\u2022Consumer  protection : Consumer protection laws, including the EU\u2019s New Deal for Consumers, which could \nresult in monetary penalties and create a range of new compliance obligations.\nIn addition, the applicability and scope of these and other laws and regulations, as interpreted by courts , \nregulators, or administrative bodies, remain uncertain and could be interpreted in ways that harm our business. For \nexample, we rely on statutory safe harbors, like those set forth in the Digital Millennium Copyright Act and Section 230 \nof the Communications Decency Act in the U.S. and the E-Commerce Directive in Europe, to protect against liability for \nvarious linking, caching, ranking, recommending, and hosting activities. Legislation or court rulings affecting these safe \nharbors may adversely affect us and may impose significant operational challenges. There are legislative proposals \nand pending litigation in the U.S., EU, and around the world that could diminish or eliminate safe harbor protection for \nwebsites and online platforms. Our development, use, and commercialization of AI products and services (including \nour implementation of AI in our offerings and internal systems) could subject us to regulatory action and legal liability, \nincluding under specific legislation regulating AI, as well as new applications of existing data protection, cybersecurity, \nprivacy, intellectual property, and other laws.\nWe are and may continue to be subject to claims, lawsuits, regulatory and government investigations, \nenforcement actions, consent orders, and other forms of regulatory scrutiny and legal liability that could harm \nour business, reputation, financial condition, and operating results.\nWe are subject to claims, lawsuits, regulatory and government investigations, other proceedings, and orders \ninvolving competition, intellectual property, data privacy and security, tax and related compliance, labor and \nemployment, commercial disputes, content generated by our users, goods and services offered by advertisers or \npublishers using our platforms, personal injury, and other matters. We  are also  subject to a variety of claims including \nproduct warranty, product liability, and consumer protection claims related to product defects, among other litigation, \nand we may also be subject to claims involving health and safety, hazardous materials usage, other environmental \neffects, AI training, development, and commercialization , or service disruptions or failures. Claims have been brought,"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597dbfc-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 19, "chroma:document": "and we expect will continue to be brought, against us for defamation, negligence, breaches of contract, copyright and \ntrademark infringement, unfair competition, unlawful activity, torts, privacy rights violations, fraud, or other legal \ntheories based on the nature and content of information available on or via our services, the design and effect of our \nproducts and services, or due to our involvement in hosting, transmitting, marketing, branding, or providing access to \ncontent created by third parties. Table of Contents Alphabet Inc.\n19."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597dc38-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 20, "chroma:document": "For example, in December 2023, a California jury delivered a verdict in Epic Games v. Google  finding that Google \nviolated antitrust laws related to Google Play's billing practices. The presiding judge will determine remedies in 2024 \nand the range of potential remedies vary widely. We plan to appeal. In addition, the U.S. Department of Justice, \nvarious U.S. states, and other plaintiffs have filed several antitrust lawsuits about various aspects of our business, \nincluding our advertising technologies and practices, the operation and distribution of Google Search, and the \noperation and distribution of the Android operating system and Play Store. Other regulatory agencies in the U.S. and \naround the world, including competition enforcers, consumer protection agencies, and data protection authorities, have \nchallenged and may continue to challenge our business practices and compliance with laws and regulations. We are \ncooperating with these investigations and defending litigation  or appealing decisions where appropriate.  \nVarious laws, regulations, investigations, enforcement lawsuits, and regulatory actions have  involved in the past , \nand may in the future result in substantial fines and penalties, injunctive relief, ongoing monitoring and auditing \nobligations, changes to our products and services, alterations to our business models and operations , including \ndivestiture , and collateral related civil litigation or other adverse consequences, all of which could harm our business, \nreputation, financial condition, and operating results. \nAny of these legal proceedings could result in legal costs, diversion of management resources, negative publicity \nand other harms to our business. Estimating liabilities for our pending proceedings is a complex, fact-specific , and \nspeculative process that requires significant judgment, and the amounts we are ultimately liable for may be less than or \nexceed our estimates. The resolution of one or more such proceedings has resulted in, and may in the future result in, \nadditional substantial fines, penalties, injunctions, and other sanctions that could harm our business, reputation, \nfinancial condition, and operating results. \nFor additional information about the ongoing material legal proceedings to which we are subject, see Legal \nProceedings in Part I, Item 3 of this Annual Report on Form 10-K.\nPrivacy, data protection, and data usage regulations are complex and rapidly evolving areas. Any failure"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597dc6a-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 20, "chroma:document": "or alleged failure to comply with these laws could harm our business, reputation, financial condition, and \noperating results. \nAuthorities around the world have adopted and are considering a number of legislative and regulatory proposals \nconcerning data protection, data usage, and encryption of user data. Adverse legal rulings, legislation, or regulation \nhave resulted in, and may continue to result in, fines and orders requiring that we change our practices, which have \nhad and could continue to have an adverse effect on how we provide services, harming our business, reputation, \nfinancial condition, and operating results. These laws and regulations are evolving and subject to interpretation, and \ncompliance obligations could cause us to incur substantial costs or harm the quality and operations of our products \nand services in ways that harm our business.  Examples of these laws include : \n\u2022The General Data Protection Regulation and the United Kingdom General Data Protection Regulations, which \napply to all of our activities conducted from an establishment in the EU or the United Kingdom, respectively, or \nrelated to products and services that we offer to EU or the United Kingdom users or customers, respectively, or \nthe monitoring of their behavior in the EU or the UK, respectively.\n\u2022Various comprehensive U.S. state and foreign privacy laws, which give new data privacy rights to their \nrespective residents (including, in California, a private right of action in the event of a data breach resulting \nfrom our failure to implement and maintain reasonable security procedures and practices) and impose \nsignificant obligations on controllers and processors of consumer data.\n\u2022State laws governing the processing of biometric information, such as the Illinois Biometric Information Privacy \nAct and the Texas Capture or Use of Biometric Identifier Act, which impose obligations on businesses that \ncollect or disclose consumer biometric information. \n\u2022Various federal, state, and foreign laws governing how companies provide age appropriate experiences to \nchildren and minors, including the collection and processing of children and minor\u2019s data. These include the \nChildren\u2019s Online Privacy Protection Act of 1998, and the United Kingdom Age-Appropriate Design Code, all of \nwhich address the use and disclosure of the personal data of children and minors and impose obligations on \nonline services or products directed to or likely to be accessed by children. \n\u2022The California Internet of Things Security Law, which regulates the security of data used in connection with \ninternet-connected devices."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597dca6-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 20, "chroma:document": "internet-connected devices.\n\u2022The EU\u2019s Digital Markets Act, which will require in-scope companies to obtain user consent for combining data \nacross certain products and require search engines to share anonymized data with rival companies, among \nother changes. Table of Contents Alphabet Inc.\n20."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597dce2-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 21, "chroma:document": "Further, we are subject to evolving laws and regulations that dictate whether, how, and under what circumstances \nwe can transfer, process and/or receive personal data, as well as ongoing enforcement actions from supervisory \nauthorities related to cross-border transfers of personal data.  The validity of various data transfer mechanisms  we \ncurrently rely upon remains subject to legal, regulatory, and political developments in both Europe and the U.S., which \nmay require us to adapt our existing arrangements.\nWe face, and may continue to face, intellectual property and other claims that could be costly to defend, \nresult in significant damage awards or other costs (including indemnification awards), and limit our ability to \nuse certain technologies. \nWe, like other internet, technology, and media companies, are frequently subject to litigation based on allegations \nof infringement or other violations of intellectual property rights, including patent, copyright, trade secrets, and \ntrademarks. Parties have also sought broad injunctive relief against us by filing claims in U.S. and international courts \nand the U.S. International Trade Commission (ITC) for exclusion and cease-and-desist orders. In addition, patent-\nholding companies may frequently seek to generate income from patents they have obtained by bringing claims \nagainst us. As we continue to expand our business, the number of intellectual property claims against us has increased \nand may continue to increase as we develop and acquire new products, services, and technologies. \nAdverse results in any of these lawsuits may include awards of monetary damages, costly royalty or licensing \nagreements (if licenses are available at all), or orders limiting our ability to sell our products and services in the U.S. or \nelsewhere, including by preventing us from offering certain features, functionalities, products, or services in certain \njurisdictions. They may also cause us to change our business practices in ways that could result in a loss of revenues \nfor us and otherwise harm our business. \nMany of our agreements with our customers and partners, including certain suppliers, require us to defend \nagainst certain intellectual property infringement claims and in some cases indemnify them for certain intellectual \nproperty infringement claims against them, which could result in increased costs for defending such claims or \nsignificant damages if there were an adverse ruling in any such claims. Such customers and partners may also"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597dd1e-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 21, "chroma:document": "discontinue the use of our products, services, and technologies, as a result of injunctions or otherwise, which could \nresult in loss of revenues and harm our business. Moreover, intellectual property indemnities provided to us by our \nsuppliers, when obtainable, may not cover all damages and losses suffered by us and our customers arising from \nintellectual property infringement claims. Furthermore, in connection with our divestitures, we have agreed, and may in \nthe future agree, to provide indemnification for certain potential liabilities, including those associated with intellectual \nproperty claims. Regardless of their merits, intellectual property claims are often time consuming and expensive to \nlitigate or settle. To the extent such claims are successful, they could harm our business, including our product and \nservice offerings, financial condition, and operating results. \nExpectations relating to ESG considerations could expose us to potential liabilities, increased costs, and \nreputational harm. \nWe are subject to laws, regulations, and other measures that govern a wide range of topics, including those \nrelated to matters beyond our core products and services. For instance, new laws, regulations, policies, and \ninternational accords relating to ESG matters, including sustainability, climate change,  human capital, and diversity, are \nbeing developed and formalized in Europe, the U.S., and elsewhere, which may entail specific, target-driven \nframeworks and/or disclosure requirements. We have implemented robust ESG programs, adopted reporting \nframeworks and principles, and announced a number of goals and initiatives. The implementation of these goals and \ninitiatives may require considerable investments, and our goals, with all of their contingencies, dependencies, and in \ncertain cases, reliance on third-party verification and/or performance, are complex and ambitious,  and may change. \nWe cannot guarantee that our goals and initiatives will be fully realized on the timelines we expect or at all, and \nprojects that are completed as planned may not achieve the results we anticipate . Any failure, or perceived failure, by \nus to adhere to our public statements, comply fully with developing interpretations of ESG laws and regulations, or \nmeet evolving and varied stakeholder expectations and standards could harm our business, reputation, financial \ncondition, and operating results.\nWe could be subject to changes in tax rates, the adoption of new U.S. or international tax legislation, or"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597dd64-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 21, "chroma:document": "exposure to additional tax liabilities. \nWe are subject to a variety of taxes and tax collection obligations in the U.S. and numerous foreign jurisdictions. \nOur effective tax rates are affected by a variety of factors, including changes in the mix of earnings in jurisdictions with \ndifferent statutory tax rates, net gains and losses on hedges and related transactions under our foreign exchange risk \nmanagement program, changes in our stock price for shares issued as employee compensation, changes in the \nvaluation of our deferred tax assets or liabilities, and the application of different provisions of tax laws or changes in tax \nlaws, regulations, or accounting principles (including changes in the interpretation of existing laws). Further, if we are Table of Contents Alphabet Inc.\n21."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597ddaa-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 22, "chroma:document": "unable or fail to collect taxes on behalf of customers, employees and partners as the withholding agent, we could \nbecome liable for taxes that are levied against third parties. \nWe are subject to regular review and audit by both domestic and foreign tax authorities. As a result, we have \nreceived, and may in the future receive, assessments in multiple jurisdictions, on various tax-related assertions, such \nas transfer-pricing adjustments or permanent-establishment claims. Any adverse outcome of such a review or audit \ncould harm our financial condition and operating results, require adverse changes to our business practices, or subject \nus to additional litigation and regulatory inquiries. In addition, the determination of our worldwide provision for income \ntaxes and other tax liabilities requires significant judgment and often involves uncertainty. Although we believe our \nestimates are reasonable, the ultimate tax outcome may differ from the amounts recorded in our financial statements \nand may affect our financial results in the period or periods for which such determination is made. \nFurthermore, due to shifting economic and political conditions, tax policies, laws, or rates in various jurisdictions \nmay be subject to significant changes in ways that could harm our financial condition and operating results. For \nexample, various jurisdictions around the world have enacted or are considering revenue-based taxes such as digital \nservices taxes and other targeted taxes, which could lead to inconsistent and potentially overlapping international tax \nregimes. The Organization for Economic Cooperation and Development (OECD) is coordinating negotiations among \nmore than  140 countries with the goal of achieving consensus around substantial changes to international tax policies, \nincluding the implementation of a minimum global effective tax rate of 15%. O ur effective tax rate and cash tax \npayments could increase in future years as a result of these changes.\nRisks Related to Ownership of our Stock \nWe cannot guarantee that any share repurchase program will be fully consummated or will enhance long-\nterm stockholder value, and share repurchases could increase the volatility of our stock prices and could \ndiminish our cash reserves. \nWe engage in share repurchases of our Class A and Class C stock from time to time in accordance with \nauthorizations from the Board of Directors of Alphabet. Our repurchase program does not have an expiration date and \ndoes not obligate Alphabet to repurchase any specific dollar amount or to acquire any specific number of shares."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597dde6-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 22, "chroma:document": "Further, our share repurchases could affect our share trading prices, increase their volatility, reduce our cash reserves \nand may be suspended or terminated at any time, which may result in a decrease in the trading prices of our stock. \nThe concentration of our stock ownership limits our stockholders\u2019 ability to influence corporate matters. \nOur Class B stock has 10 votes per share, our Class A stock has one vote per share, and our Class C stock has \nno voting rights. As of December 31, 2023, Larry Page and Sergey Brin beneficially owned approximately 86.5% of our \noutstanding Class B stock, which represented approximately  51.5%  of the voting power of our outstanding common \nstock. Through their stock ownership, Larry and Sergey have significant influence over all matters requiring \nstockholder approval, including the election of directors and significant corporate transactions, such as a merger or \nother sale of our company or our assets, for the foreseeable future. In addition, because our Class C stock carries no \nvoting rights (except as required by applicable law), the issuance of the Class C stock, including in future stock-based \nacquisition transactions and to fund employee equity incentive programs, could continue Larry and Sergey\u2019s current \nrelative voting power and their ability to elect all of our directors and to determine the outcome of most matters \nsubmitted to a vote of our stockholders. The share repurchases made pursuant to our repurchase program may also \naffect Larry and Sergey\u2019s relative voting power. This concentrated control limits or severely restricts other stockholders\u2019 \nability to influence corporate matters and we may take actions that some of our stockholders do not view as beneficial, \nwhich could reduce the market price of our Class A stock and our Class C stock. \nProvisions in our charter documents and under Delaware law could discourage a takeover that \nstockholders may consider favorable. \nProvisions in Alphabet\u2019s certificate of incorporation and bylaws may have the effect of delaying or preventing a \nchange of control or changes in our management. These provisions include the following: \n\u2022Our Board of Directors has the right to elect directors to fill a vacancy created by the expansion of the Board of \nDirectors or the resignation, death, or removal of a director.\n\u2022Our stockholders may not act by written consent, which makes it difficult to take certain actions without holding"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597de18-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 22, "chroma:document": "a stockholders' meeting.\n\u2022Our certificate of incorporation prohibits cumulative voting in the election of directors. This limits the ability of \nminority stockholders to elect director candidates.Table of Contents Alphabet Inc.\n22."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597de5e-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 23, "chroma:document": "\u2022Stockholders must provide advance notice to nominate individuals for election to the Board of Directors or to \npropose matters that can be acted upon at a stockholders\u2019 meeting. These provisions may discourage or deter \na potential acquirer from conducting a solicitation of proxies to elect the acquirer's own slate of directors or \notherwise attempting to obtain control of our company. \n\u2022Our Board of Directors may issue, without stockholder approval, shares of undesignated preferred stock, \nwhich makes it possible for our Board of Directors to issue preferred stock with voting or other rights or \npreferences that could impede the success of any attempt to acquire us. \nAs a Delaware corporation, we are also subject to certain Delaware anti-takeover provisions. Under Delaware \nlaw, a corporation may not engage in a business combination with any holder of 15% or more of its outstanding voting \nstock unless the holder has held the stock for three years or, among other things, the Board of Directors has approved \nthe transaction. Our Board of Directors could rely on Delaware law to prevent or delay an acquisition of us. \nThe trading price for our Class A stock and non-voting Class C stock may continue to be volatile. \nThe trading price of our stock has at times experienced significant volatility and may continue to be volatile. In \naddition to the factors discussed in this report, the trading prices of our Class A stock and Class C stock have \nfluctuated, and may continue to fluctuate widely, in response to various factors, many of which are beyond our control, \nincluding, among others, the activities of our peers and changes in broader economic and political conditions around \nthe world. These broad market and industry factors could harm the market price of our Class A stock and our Class C \nstock, regardless of our actual operating performance. \nGeneral Risks \nOur operating results may fluctuate, which makes our results difficult to predict and could cause our \nresults to fall short of expectations. \nOur operating results have fluctuated, and may in the future fluctuate, as a result of a number of factors, many \noutside of our control, including the cyclical nature and seasonality in our business and geopolitical events. As a result, \ncomparing our operating results (including our expenses as a percentage of our revenues) on a period-to-period basis"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597dea4-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 23, "chroma:document": "may not be meaningful, and our past results should not be relied on as an indication of our future performance. \nConsequently, our operating results in future quarters may fall below expectations. \nAcquisitions, joint ventures, investments, and divestitures could result in operating difficulties, dilution, \nand other consequences that could harm our business, financial condition, and operating results. \nAcquisitions, joint ventures, investments, and divestitures are important elements of our overall corporate strategy \nand use of capital, and these transactions could be material to our financial condition and operating results. We expect \nto continue to evaluate and enter into discussions regarding a wide array of such potential strategic arrangements, \nwhich could create unforeseen operating difficulties and expenditures. Some of the areas where we face risks include: \n\u2022diversion of management time and focus from operating our business to challenges related to acquisitions and \nother strategic arrangements; \n\u2022failure to obtain required approvals on a timely basis, if at all, from governmental authorities, or conditions \nplaced upon approval that could, among other things, delay or prevent us from completing a transaction, or \notherwise restrict our ability to realize the expected financial or strategic goals of a transaction;\n\u2022failure to successfully integrate the acquired operations, technologies, services, and personnel (including \ncultural integration and retention of employees) and further develop the acquired business or technology; \n\u2022implementation of controls (or remediation of control deficiencies), procedures, and policies at the acquired \ncompany; \n\u2022integration of the acquired company\u2019s accounting and other administrative systems, and the coordination of \nproduct, engineering, and sales and marketing functions;\n\u2022transition of operations, users, and customers onto our existing platforms;\n\u2022in the case of foreign acquisitions, the need to integrate operations across different cultures and languages \nand to address the particular economic, currency, political, and regulatory risks associated with specific \ncountries; \n\u2022failure to accomplish commercial, strategic or financial objectives with respect to investments, joint ventures, \nand other strategic arrangements;\n\u2022failure to realize the value of investments and joint ventures due to a lack of liquidity;Table of Contents Alphabet Inc.\n23."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597dee0-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 24, "chroma:document": "\u2022liability for activities of the acquired company before the acquisition, including patent and trademark \ninfringement claims, data privacy and security issues, violations of laws, commercial disputes, tax liabilities, \nwarranty claims, product liabilities, and other known and unknown liabilities; and\n\u2022litigation or other claims in connection with the acquired company, including claims from terminated \nemployees, customers, former stockholders, or other third parties.\nOur failure to address these risks or other problems encountered in connection with our past or future acquisitions \nand other strategic arrangements could cause us to fail to realize their anticipated benefits, incur unanticipated \nliabilities, and harm our business generally. \nOur acquisitions and other strategic arrangements could also result in dilutive issuances of our equity securities, \nthe incurrence of debt, contingent liabilities, or amortization expenses, or impairment of goodwill and/or purchased \nlong-lived assets, and restructuring charges, any of which could harm our financial condition and operating results. \nAlso, the anticipated benefits or value of our acquisitions and other strategic arrangements may not materialize. In \nconnection with our divestitures, we have agreed, and may in the future agree, to provide indemnification for certain \npotential liabilities, which could harm our financial condition and operating results. \nWe rely on highly skilled personnel and, if we are unable to retain or motivate key personnel, hire \nqualified personnel, or maintain and continue to adapt our corporate culture, we may not be able to grow or \noperate effectively. \nOur performance and future success depends in large part upon the continued service of key technical leads as \nwell as  members of our senior management team. For instance, Sundar Pichai is critical to the overall management of \nAlphabet and its subsidiaries and plays an important role in the development of our technology, maintaining our \nculture, and setting our strategic direction. \nOur ability to compete effectively and our future success depend  on our continuing to identify, hire, develop, \nmotivate, and retain highly skilled personnel for all areas of our organization. Competition in our industry for qualified \nemployees is intense, and certain of our competitors have directly targeted, and may continue to target, our \nemployees. In addition, our compensation arrangements, such as our equity award programs, may not always be \nsuccessful in attracting new employees and retaining and motivating our existing employees. Restrictive immigration"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597df26-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 24, "chroma:document": "policy and regulatory changes may also affect our ability to hire, mobilize, or retain some of our global talent. All of our \nexecutive officers and key employees are at-will employees, and we do not maintain any key-person life insurance \npolicies.\nIn addition, we believe that our corporate culture fosters innovation, creativity, and teamwork. As our organization \ngrows and evolves, we may need to adapt our corporate culture and work environments to ever-changing \ncircumstances, such as during times of a natural disaster or pandemic, and these changes could affect our ability to \ncompete effectively or have an adverse effect on our corporate culture. Under our hybrid work models, we may \nexperience increased costs and/or disruption, in addition to potential effects on our ability to operate effectively and \nmaintain our corporate culture. \nITEM 1B. UNRESOLVED STAFF COMMENTS\nNot applicable.\nITEM 1C.  CYBERSECURITY\nWe maintain a comprehensive process for identifying, assessing, and managing material risks from cybersecurity \nthreats as part of our broader risk management system and processes. We obtain input, as appropriate, for our \ncybersecurity risk management program on the security industry and threat trends from multiple external experts and \ninternal threat intelligence teams.  Teams of dedicated privacy, safety, and security professionals oversee cybersecurity \nrisk management and mitigation, incident prevention, detection, and remediation. Leadership for these teams are \nprofessionals with deep cybersecurity expertise across multiple industries, including our Vice President of Privacy, \nSafety , and Security Engineering . Our executive leadership team, along with input from the above teams, are \nresponsible for our overall enterprise risk management system and processes and regularly consider cybersecurity \nrisks in the context of other material risks to the company.\nAs part of our cybersecurity risk management system, our incident management team s track and log privacy and \nsecurity incidents across Alphabet , our vendors, and other third-party service providers to remediate and resolve any \nsuch incidents. Significant incidents are reviewed regularly by a cross-functional working group to determine whether \nfurther escalation is appropriate. Any incident assessed as  potentially being or potentially  becoming material is \nimmediately escalated for further assessment, and then reported to designated members of our senior management. \nWe consult with  outside counsel as appropriate, including on materiality analysis and disclosure matters , and our Table of Contents Alphabet Inc."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597dff8-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 25, "chroma:document": "senior management makes the final materiality determinations and disclosure and other compliance decisions. Our \nmanagement  apprises Alphabet\u2019s  independent public accounting firm of matters and any relevan t developments .\nThe Audit and Compliance Committe e has oversight responsibility for risk s and incidents relating to cybersecurity \nthreats, including compliance with disclosure requirements, cooperation with law enforcement, and related effects on \nfinancial and other risks, and it reports  any f indings and recommendations, as appropriate, to the full Board for \nconsideration. Senior management regularly discusses cyber risks and trends  and, should they arise, any material \nincidents with the Audit and Compliance Committee.  Internal Audit maintains a dedicated cybersecurity auditing team \nthat independently  tests our cybersecurity controls.  \nOur business strategy, results of operations and financial condition have not been materially affected by risks from \ncybersecurity threats, including as a result of previous ly identified cybersecurity incidents , but we cannot provide \nassurance that they will not be materially affected in the future by such risks or any future material incidents. For more \ninformation on our cybersecurity related risks, see Item 1A Risk Factors of this Annual Report on Form 10-K.\nITEM 2. PROPERTIES\nOur headquarters are located in Mountain View, California. We own and lease office facilities and data centers \naround the world, primarily in Asia, Eu rope, and North America . We believe our existing facilities are in good condition \nand suitable for the conduct of our business.\nITEM 3. LEGAL PROCEEDINGS\nFor a description of our material pending legal proceedings, see Legal Matters in Note 10  of the Notes to \nConsolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K, which is \nincorporated herein by reference.\nITEM 4. MINE SAFETY DISCLOSURES\nNot applicable.\nPART II\nITEM 5. MARKET FOR REGISTRANT\u2019S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND \nISSUER PURCHASES OF EQUITY SECURITIES\nAs of October 2, 2015, Alphabet Inc. became the successor issuer of Google Inc. pursuant to Rule 12g-3(a) under \nthe Exchange Act. Our Class A stock has been listed on the Nasdaq Global Select Market under the symbol \u201cGOOG\u201d"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e03e-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 25, "chroma:document": "since August 19, 2004, and under the symbol \"GOOGL\" since April 3, 2014. Prior to August 19, 2004, there was no \npublic market for our stock. Our Class B stock is neither listed nor traded. Our Class C stock has been listed on the \nNasdaq Global Select Market under the symbol \u201cGOOG\u201d since April 3, 2014.\nHolders of Record\nAs of December 31, 2023 , there were approximately  7,305  and 1,757  stockholders of record of our Class A stock \nand Class C stock, respectively. Because many of our shares of Class A stock and Class C stock are held by brokers \nand other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders \nrepresented by these record holders. As of December 31, 2023 , there were approximately 59 stockholders of record of \nour Class B stock.\nDividend Policy\nWe have never declared or paid any cash dividend on our common or capital stock. The primary use of capital \ncontinues to be to invest for the long-term growth of the business. We regularly evaluate our cash and capital structure, \nincluding the size, pace, and form of capital return to stockholders.Table of Contents Alphabet Inc.\n25."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e07a-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 26, "chroma:document": "Issuer Purchases of Equity Securities\nThe following table presents information with respect to Alphabet's repurchases of Class A and Class C stock \nduring the quarter ended December 31, 2023 : \nPeriodTotal Number of \nClass A Shares \nPurchased \n(in thousands)(1)Total Number of \nClass C Shares \nPurchased \n(in thousands)(1)Average Price \nPaid per \nClass A \nShare(2)Average Price \nPaid per \nClass C \nShare(2)Total Number of \nShares \nPurchased as \nPart of Publicly \nAnnounced \nPrograms\n(in thousands)(1)Approximate \nDollar Value of \nShares that May \nYet Be Purchased \nUnder the \nProgram \n(in millions)\nOctober 1 - 31  9,923  38,687 $ 134.66 $ 135.65  48,610 $ 45,736 \nNovember 1 - 30  9,197  28,198 $ 134.53 $ 135.16  37,395 $ 40,725 \nDecember 1 - 31  7,502  24,760 $ 135.76 $ 136.37  32,262 $ 36,347 \nTotal  26,622  91,645  118,267 \n(1) R epurchases are being executed from time to time, subject to general business and market conditions and other investment \nopportunities, through open market purchases or privately negotiated transactions, including through Rule 10b5-1 plans. The \nrepurchase program does not have an expiration date. For additional information related to share repurchases, s ee Note 11  of \nthe Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.\n(2)Average price paid per share includes costs associated with the repurchases.Table of Contents Alphabet Inc.\n26."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e0ca-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 27, "chroma:document": "Stock Performance Graphs\nThe graph below matches Alphabet Inc. Class A's cumulative five-year total stockholder return on common stock \nwith the cumulative total returns of the S&P 500 index, the NASDAQ Composite index, and the RDG Internet \nComposite index. The graph tracks the performance of a $100 investment in our common stock and in each index \n(with the reinvestment of all dividends) from December 31, 2018 , to December 31, 2023 . The returns shown are based \non historical results and are not intended to suggest future performance.\nCOMPARISON OF CUMULATIVE 5-YEAR TOTAL RETURN*\nALPHABET INC. CLASS A COMMON STOCK\nAmong Alphabet Inc., the S&P 500 Index, the\nNASDAQ Composite Index, and the RDG Internet Composite Index\nAlphabet Inc. Class A S&P 500 NASDAQ Composite\nRDG Internet Composite12/183/19 6/19 9/1912/193/20 6/20 9/2012/203/21 6/21 9/2112/213/22 6/22 9/2212/223/23 6/23 9/2312/23$0$50$100$150$200$250$300$350$400\n*$100 invested on December 31, 2018 , in stock or index, including reinvestment of dividends. \nCopyright\u00a9 2024  S&P, a division of The McGraw-Hill Companies Inc. All rights reserved.Table of Contents Alphabet Inc.\n27."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e110-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 28, "chroma:document": "The graph below matches Alphabet Inc. Class C's cumulative five-year total stockholder return on capital stock \nwith the cumulative total returns of the S&P 500 index, the NASDAQ Composite index, and the RDG Internet \nComposite index. The graph tracks the performance of a $100 investment in our Class C capital stock and in each \nindex (with the reinvestment of all dividends) from December 31, 2018 , to December 31, 2023 . The returns shown are \nbased on historical results and are not intended to suggest future performance.\nCOMPARISON OF CUMULATIVE 5-YEAR TOTAL RETURN*\nALPHABET INC. CLASS C CAPITAL STOCK\nAmong Alphabet Inc., the S&P 500 Index, the\nNASDAQ Composite Index, and the RDG Internet Composite Index\nAlphabet Inc. Class C S&P 500 NASDAQ Composite\nRDG Internet Composite12/183/19 6/19 9/1912/193/20 6/20 9/2012/203/21 6/21 9/2112/213/22 6/22 9/2212/223/23 6/23 9/2312/23$0$50$100$150$200$250$300$350$400\n*$100 invested on December 31, 2018 , in stock or in index, including reinvestment of dividends.\nCopyright\u00a9 2024  S&P, a division of The McGraw-Hill Companies Inc. All rights reserved.\nITEM 6. [Reserved]Table of Contents Alphabet Inc.\n28."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e156-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 29, "chroma:document": "ITEM 7. MANAGEMENT\u2019S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF \nOPERATIONS\nPlease read the following discussion and analysis of our financial condition and results of operations together with \n\u201cNote about Forward-Looking Statements,\u201d Part I, Item 1 \"Business,\" Part I, Item 1A \"Risk Factors,\" and our \nconsolidated financial statements and related notes included under Item 8 of this Annual Report on Form 10-K. \nThe following section generally discusses 2023 results compared to 2022 results. Discussion of 2022 results \ncompared to 2021  results to the extent not included in this report can be found in Item 7 of our 2022  Annual Report on \nForm 10-K .\nUnderstanding Alphabet\u2019s Financial Results\nAlphabet is a collection of businesses \u2014 the largest of which is Google. We report Google in two segments, \nGoogle Services and Google Cloud; we also report all non-Google businesses collectively as Other Bets. For \nadditional information on our segments, see Part I, Item 1 Business and Note 15  of the Notes to Consolidated \nFinancial Statements included in Item 8 of this Annual Report on Form 10-K.\nTrends in Our Business and Financial Effect\nThe following long-term trends have contributed to the results of our consolidated operations, and we anticipate \nthat they will continue to affect our future results:\n\u2022Users' behaviors and advertising continue to shift online as the digital economy evolves .\nThe continuing evolution of the online world has contributed to the growth of our business and our revenues since \ninception. We expect that this evolution will continue to benefit our business and our revenues, although at a slower \npace than we have experienced historically, in particular after the outsized growth in our advertising revenues during \nthe COVID-19 pandemic. In addition, we face increasing competition for user engagement and advertisers, which may \naffect our revenues.\n\u2022Users continue to access our products and services using diverse devices and modalities, which \nallows for new advertising formats that may benefit our revenues but adversely affect our margins.\nOur users are accessing our products and services via diverse devices and modalities, such as smartphones, \nwearables, connected TVs, and smart home devices , and want to be able to be connected no matter where they are or"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e188-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 29, "chroma:document": "what they are doing. We are focused on expanding our products and services to stay in front of these trends in order to \nmaintain and grow our business.\nWe benefit from advertising revenues generated from different channels, including mobile, and newer advertising \nformats. The margins from these channels and newer products have generally been lower than those from traditional \ndesktop search. Additionally, as the market for a particular device type or modality matures, our advertising revenues \nmay be affected. For example, chang ing dynamics within  the global smartphone market, such as increased market \nsaturation in developed countries, can affect our mobile advertising revenues.\nWe expect TAC paid to our distribution partners and Google Network partners to increase as our revenues grow \nand TAC as a percentage of our advertising revenues (\"TAC rate\") to be affected by changes in device mix; geographic \nmix; partner agreement terms; partner mix; the percentage of queries channeled through paid access points; product \nmix; the relative revenue growth rates of advertising revenues from different channels; and revenue share terms.\nWe expect these trends to continue to affect our revenues and put pressure on our margins.\n\u2022As online advertising evolves, we continue to expand our product offerings, which may affect our \nmonetization.\nAs interactions between users and advertisers change, and as online user behavior evolves, we continue to \nexpand our product offerings to serve these changing needs, which may affect our monetization. For example, \nrevenues from ads on YouTube and Google Play monetize at a lower rate than our traditional search ads. We also \nexpect to continue to incorporate AI innovations into our products, such as AI in Searc h, that could affect our \nmonetization trends.  When developing new products and services we generally focus first on user experience and then \non monetization.\n\u2022As users in developing economies increasingly come online, our revenues from international markets \ncontinue to increase, and may require continued investments. In addition, movements in foreign exchange \nrates affect such revenues. Table of Contents Alphabet Inc.\n29."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e1ba-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 30, "chroma:document": "The shift to online, as well as the advent of the multi-device world, has brought opportunities outside of the U.S., \nincluding in emerging markets, such as India. We continue to invest heavily and develop localized versions of our \nproducts and advertising programs relevant to our users in these markets. This has led to a trend of increased \nrevenues from emerging markets.  We expect that our results will continue to be affected by our performance in these \nmarkets, particularly as low-cost mobile devices become more available. This trend could affect our revenues as \ndeveloping markets initially monetize at a lower rate than more mature markets.\nInternational revenues represent a significant portion of our revenues and are subject to fluctuations in foreign \ncurrency exchange rates relative to the U.S. dollar. While we have a foreign exchange risk management program \ndesigned to reduce our exposure to these fluctuations, this program does not fully offset their effect on our revenues \nand earnings.\n\u2022The revenues that we derive beyond advertising  are increasing and may adversely affect our margins.\nRevenues  from cloud, consumer subscriptions, platforms, and devices, which may have differing characteristics \nthan our advertising revenues,  have grown over time, and we expect this trend to continue as we focus on expanding \nour products and services . The margins on these revenues vary significantly and are generally lower than the margins \non our advertising revenues.  For example,  sales of our device s  adversely affect our consolidated margins due to \npressures on pricing and higher cost of sales.\n\u2022As we continue to serve our users and expand our businesses, we will invest heavily  in operating and \ncapital expenditures.\nWe continue to make significant research and development investments in areas of strategic focus as we seek to \ndevelop new, innovative offerings, improve our existing offerings, a nd rapidly and responsibly deploy AI  across our \nbusinesses. We also expect to  increase , relative to 2023 , our investmen t in our technical infrastructure, including \nservers, netw ork equipment, and data centers, to support the growth of our business and our long-term initiatives, in \nparticular in support of AI products and services . In addition, acquisitions and strategic investments contribute to the \nbreadth and depth of our offerings, expand our expertise in engineering and other functional areas, and build strong \npartnerships around strategic initiatives ."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e1ec-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 30, "chroma:document": "partnerships around strategic initiatives .\n\u2022We continue to face an evolving regulatory environment, and we are subject to claims, lawsuits, \ninvestigations, and other forms of potential legal liability, which could affect our business practices and \nfinancial results.\nChanges in social, political, economic, tax, and regulatory conditions or in laws  and policies governing a wide \nrange of topics and related legal matters, including investigations, lawsuits, and regulatory actions, have resulted in \nfines and caused us to change our business practices . As these global trends continue, our cost of doing business may \nincrease, our ability to pursue certain business models or offer certain products or services may be limited, and we \nmay need to change our business practices to comply with evolving regulatory and legal matters . Examples include t he \nantitrust complaints filed by  the U.S. Department of Justice and a number of state Attorneys General; legislative \nproposals and pending litigation in the U.S., EU, and around the world that could diminish or eliminate safe harbor \nprotection for websites and online platforms; and the Digital Markets Act and Digital Services Act in Europe and various \nlegislative proposals in the U.S. focused on large technology platforms. For additional information, see Item 1A Risk \nFactors and Legal Matters in Note 10  of the Notes to Consolidated Financial Statements included in Part II, Item 8 of \nthis Annual Report on Form 10-K.\n\u2022Our employees are critical to our success and we expect to continue investing in them.\nOur employees are among our best assets  and are critical for our continued success. We expect to continue \nhiring talented employees around the globe and to provide competitive compensation programs. For additional \ninformation, see Culture and Workforce in Part I, Item 1 Business of this Annual Report on Form 10-K.\nRevenues and Monetization Metrics\nWe generate revenues by delivering relevant, cost-effective online advertising; cloud-based solutions that provide \nenterprise customers of all sizes with infrastructure and platform services as well as communication and collaboration \ntools; sales of other products and services, such as apps and in-app purchases, and devices; and fees received for \nconsumer subscription-based products. For additional information on how we recognize revenue, see Note 1  of the \nNotes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e228-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 30, "chroma:document": "In addition to the long-term trends and their financial effect on our business discussed above, fluctuations in our \nrevenues have been, and may continue to be, affected by a combination of general factors, including:\n\u2022changes in foreign currency exchange rates;Table of Contents Alphabet Inc.\n30."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e25a-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 31, "chroma:document": "\u2022changes in pricing, such as those resulting from changes in fee structures, discounts, and customer incentives ;\n\u2022general economic conditions and various external dynamics, including geopolitical events,  regulations, and \nother measures and their effect on advertiser, consumer, and enterprise spending ; \n\u2022new product and service launches; and\n\u2022seasonality.\nAdditionally, fluctuations in our revenues generated from advertising (\"Google advertising\"), revenues from other \nsources (\"Google subscriptions, platforms, and devices revenues\"), Google Cloud, and Other Bets revenues have \nbeen, and may continue to be, affected by other factors unique to each set of revenues, as described below.\nGoogle Services\nGoogle Services revenues consist of Google advertising as well as Google subscriptions, platforms, and devices \nrevenues.\nGoogle Advertising\nGoogle advertising revenues are comprised of the following: \n\u2022Google Search & other, which includes revenues generated on Google search properties (including revenues \nfrom traffic generated by search distribution partners who use Google.com as their default search in browsers, \ntoolbars, etc.), and other Google owned and operated properties like Gmail, Google Maps, and Google Play;\n\u2022YouTube ads, which includes revenues generated on YouTube properties; and\n\u2022Google Network, which includes revenues generated on Google Network properties participating in AdMob, \nAdSense, and Google Ad Manager.\nWe use certain metrics to track how well traffic across various properties is monetized as it relates to our \nadvertising revenues: paid clicks and cost-per-click pertain to traffic on Google Search & other properties, while \nimpressions and cost-per-impression pertain to traffic on our Google Network properties.\nPaid clicks represent engagement by users and include clicks on advertisements by end-users on Google search \nproperties and other Google owned and operated properties including Gmail, Google Maps, and Google Play.  Cost-\nper-click is defined as click-driven revenues divided by our total number of paid clicks and represents the average \namount we charge advertisers for each engagement by users.\nImpressions include impressions displayed to users on Google Network properties participating primarily in \nAdMob, AdSense, and Google Ad Manager.  Cost-per-impression is defined as impression-based and click-based \nrevenues divided by our total number of impressions, and represents the average amount we charge advertisers for \neach impression displayed to users.  \nAs our business evolves, we periodically review, refine, and update our methodologies for monitoring, gathering,"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e28c-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 31, "chroma:document": "and counting the number of paid clicks and the number of impressions, and for identifying the revenues generated by \nthe corresponding click and impression activity.\nFluctuations in our advertising revenues, as well as the change in paid clicks and cost-per-click on Google Search \n& other properties and the change in impressions and cost-per-impression on Google Network properties and the \ncorrelation between these items have been, and may continue to be, affected by factors in addition to the general \nfactors described above, such as:\n\u2022advertiser competition for keywords;\n\u2022changes in advertising quality, formats, delivery or policy;\n\u2022changes in device mix; \n\u2022seasonal fluctuations in internet usage, advertising expenditures, and underlying business trends, such as \ntraditional retail seasonality; and\n\u2022traffic growth in emerging markets compared to more mature markets and across various verticals and \nchannels.Table of Contents Alphabet Inc.\n31."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e2be-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 32, "chroma:document": "Google Subscriptions, Platforms, and Devices\nGoogle subscriptions, platforms, and devices revenues are comprised of the following:\n\u2022consumer subscript ions, which primarily include revenues from YouTube services, such YouTube TV, YouTube  \nMusic and Premium , and NFL Sunday Ticket, as well as Google One;\n\u2022platforms, which primarily include revenues from Google Play from the sales of apps and in-app purchases;\n\u2022devices, which primarily include sales of the Pixel family of devices; and\n\u2022other products and services.\nFluctuations in our Google subscriptions, platforms, and devices revenues have been, and may continue to be, \naffected by factors in addition to the general factors described above, such as changes in customer usage and \ndemand, number of subscribers, and fluctuations in the timing of product launches.\nGoogle Cloud\nGoogle Cloud revenues are comprised of the following:\n\u2022Google Cloud Platform , which generates consumption-based fees and subscriptions for infrastructure, \nplatform, and other services. These services provide access to solutions such as cybersecurity, databases, \nanalytics, and AI offerings including our AI infrastructure, Vertex AI platform , and Duet AI for Google Cloud ;\n\u2022Google Workspace, which includes subscriptions for cloud-based communication and collaboration tools for \nenterprises, such as Calendar, Gmail, Docs, Drive, and Meet, with integrated features like Duet AI in Google \nWorkspace; and\n\u2022other enterprise services.\nFluctuations in our Google Cloud revenues have been, and may continue to be, affected by  factors  in addition to \nthe general factors described above , such as customer usage.\nOther Bets\nRevenues from Other Bets are generated primarily from the sale of health care- related services  and internet \nservices .\nCosts and Expenses \nOur cost structure has two components: cost of revenues and operating expenses. Our operating expenses \ninclude costs related to R&D, sales and marketing, and general and administrative functions. Certain of our costs and \nexpenses, including those associated with the operation of our technical infrastructure as well as components of our \noperating expenses, are generally less variable in nature and may not correlate to changes in revenue. Additionally, \nfluctuations in compensation expenses may not directly correlate with changes in headcount, in particular due to \nannual stock-based compensation (SBC) awards  that generally vest over four years. \nCost of Revenues"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e2fa-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 32, "chroma:document": "Cost of Revenues\nCost of revenues is comprised of TAC and other costs of revenues.\n\u2022TAC includes: \n\u25e6amounts paid to our distribution partners who make available our search access points and services. \nOur distribution partners include browser providers, mobile carriers, original equipment manufacturers, \nand software developers ; and\n\u25e6amounts paid to Google Network partners primarily for ads displayed on their properties.\n\u2022Other cost of revenues  primarily includes :\n\u25e6compensation expense related to our data centers and other operations such as content review and \ncustomer and product support;\n\u25e6content acquisition costs, which are payments to content providers from whom we license video and \nother content for distribution  on YouTube and Google Play  (we pay fees to these content providers \nbased on revenues generated or a flat fee);\n\u25e6depreciation expense related to our technical infrastructure; and\n\u25e6inventory and other costs related to the devices  we sell.Table of Contents Alphabet Inc.\n32."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e32c-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 33, "chroma:document": "TAC as a percentage of revenues generated from ads placed on Google Network properties are significantly \nhigher than TAC as a percentage of revenues generated from ads placed on Google Search & other properties, \nbecause most of the advertiser revenues from ads served on Google Network properties are paid as TAC to our \nGoogle Network partners.\nOperating Expenses\nOperating expenses are generally incurred during our normal course of business, which we categorize as either \nR&D, sales and marketing, or general and administrative.\nThe main components of our R&D expenses are:\n\u2022compensation expenses for engineering and technical employees responsible for R&D related to our existing \nand new products and services; \n\u2022depreciation ; and\n\u2022third-party services fees primarily relating to consulting and outsourced services in support of our engineering \nand product development efforts.\nThe main components of our sales and marketing expenses are:\n\u2022compensation expenses for employees engaged in sales and marketing, sales support, and certain customer \nservice functions; and\n\u2022spending relating to our advertising and promotional activities in support of our products and services.\nThe main components of our general and administrative expenses are:\n\u2022compensation expenses for employees in finance, human resources, information technology, legal, and other \nadministrative support functions; \n\u2022expenses relating to legal matters, including certain  fines and settlements; and \n\u2022third-party services fees, including audit, consulting, outside legal, and other outsourced administrative \nservices.\nOther Income (Expense), Net \nOI&E, net primarily consists of interest income (expense), the effect of foreign currency exchange gains (losses), \nnet gains (losses) and impairment on our marketable and non-marketable securities, performance fees, and income \n(loss) and impairment from our equity method investments. \nFor additional information, including how we account for our investments and factors that can drive fluctuations in \nthe value of our investments, see Note 1  and Note 3  of the Notes to Consolidated Financial Statements included in \nPart II, Item 8 as well as Item 7A Quantitative and Qualitative Disclosures About Market Risk of this Annual Report on \nForm 10-K.\nProvision for Income Taxes  \nProvision for income taxes represents the estimated amount of federal, state, and foreign income taxes incurred"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e372-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 33, "chroma:document": "in the U.S. and the many jurisdictions in which we operate. The provision includes the effect of reserve provisions and \nchanges to reserves that are considered appropriate as well as the related net interest and penalties.\nFor additional information, including a reconciliation of the U.S. federal statutory rate to our effective tax rate, see \nNote 14  of the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.Table of Contents Alphabet Inc.\n33."}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e3a4-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 34, "chroma:document": "Executive Overview\nThe following table summarizes our consolidated financial results (in millions, except for per share information \nand percentages):\nYear Ended December 31,\n2022 2023 $ Change % Change\nConsolidated revenues $ 282,836 $ 307,394 $ 24,558  9 %\nChange in consolidated constant currency revenues(1) 10 %\nCost of revenues $ 126,203 $ 133,332 $ 7,129  6 %\nOperating expenses $ 81,791 $ 89,769 $ 7,978  10 %\nOperating income $ 74,842 $ 84,293 $ 9,451  13 %\nOperating margin  26 %  27 %  1 %\nOther income (expense), net $ (3,514) $ 1,424 $ 4,938 NM\nNet income $ 59,972 $ 73,795 $ 13,823  23 %\nDiluted EPS $ 4.56 $ 5.80 $ 1.24  27 %\nNM = Not Meaningful\n(1) See \"Use of Non-GAAP Constant Currency Information \" below for details relating to our use of constant currency information. \n\u2022Revenues were $307.4 billion , an increase  of 9% year over year, primarily driven by an increase  in Google \nServices revenues of $19.0 billion , or 8%, and an increase  in Google Cloud revenues of $6.8 billion , or 26%. \n\u2022Total constant currency revenues, which exclude the effect of hedging, increased 10% year over year.\n\u2022Cost of revenues  was $133.3 billion , an increase  of 6% year over year, primarily driven by increase s in content \nacquisition costs , compensation expenses, and TAC . The increase in compensation expenses included \ncharges related to employee severance associated with the reduction in our workforce . Additionally, cost of \nrevenues benefited from a reduction in depreciation due to the change in estimated useful lives of our servers \nand network equipment.\n\u2022Operating expenses were $89.8 billion , an increase  of 10% year over year , primarily driven by an increase in \ncompensation expenses  and charges related to our office space optimization efforts . The increase in"}


created_at: 2024-10-19 14:13:57
topic: persistent://default/default/b5b842f2-6136-475f-94fe-426fafdbc529
id: a597e3e0-8e1f-11ef-b504-acde48001122
encoding: FLOAT32
metadata:
{"source": "dataset/google-10-k-2023.pdf", "page": 34, "chroma:document": "compensation expenses was largely  the result of  charges related to employee severance associated with the \nreduction in our workforce  and an increase in SBC expense.  Operating  expenses benefited from  the change in \nthe estimated useful lives of our servers and certain network equipment.\nOther Information:\n\u2022In January 2023, we announced a reduction of our workforce , and as a result we recorded employee \nseverance and related charges of $2.1 billion  for the year ended December 31, 2023. In addition, we are \ntaking actions to optimize our global office space. As a result, exit charges recorded during the year ended \nDecember 31, 2023, were $1.8 billion . In addition to these exit charges, for the year ended December 31, \n2023, we incurred  $269 million  in accelerated rent and accelerated depreciation . For additional information, \nsee Note 8  of the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on \nForm 10-K.\n\u2022In January 2023, we completed an assessment of the useful lives of our servers and network equipment, \nresulting in a change in the estimated useful life of our servers and certain network equipment to six years. \nThe effect of this change was a reduction in depreciation expense of $3.9 billion  for the year ended December \n31, 2023, recognized primarily in cost of revenues and R&D expenses. For additional information, see Note 1  \nof the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.Table of Contents Alphabet Inc.\n34."}


