Amazon.com, Inc. (AMZN) reported strong financial performance for the third quarter of 2024, with total net sales reaching $158.877 billion, up from $143.083 billion in the same period of 2023. This represents a significant increase in both product and service sales, with net product sales rising to $67.601 billion and net service sales to $91.276 billion.

Operating income for the quarter was $17.411 billion, a substantial increase from $11.188 billion in Q3 2023, indicating improved operational efficiency and profitability. Net income also saw a notable rise, reaching $15.328 billion compared to $9.879 billion in the previous year.

Earnings per share (EPS) improved significantly, with basic EPS at $1.46 and diluted EPS at $1.43, compared to $0.96 and $0.94, respectively, in Q3 2023. This reflects the company's strong earnings growth and shareholder value enhancement.

In terms of segment performance, the North America segment reported net sales of $95.537 billion, up from $87.887 billion in Q3 2023, with operating income increasing to $5.663 billion. The International segment also showed improvement, with net sales of $35.888 billion and operating income of $1.301 billion, reversing a loss from the previous year.

Amazon Web Services (AWS) continued its robust growth, with net sales climbing to $27.452 billion and operating income reaching $10.447 billion, highlighting AWS's critical role in Amazon's overall profitability and growth strategy.

Cash flow from operating activities was strong, with a net cash inflow of $25.971 billion for the quarter, up from $21.217 billion in Q3 2023. This increase underscores Amazon's ability to generate substantial cash from its operations, supporting its investment and growth initiatives.

Amazon's balance sheet remains solid, with total assets increasing to $584.626 billion as of September 30, 2024, from $527.854 billion at the end of 2023. This growth in assets is primarily driven by increases in property and equipment, as well as other assets, reflecting ongoing investments in infrastructure and technology.

The company's strategic focus on expanding its international operations and AWS segment is evident from the financial results, with both segments contributing significantly to overall growth. However, the company continues to face competitive pressures and risks associated with its international expansion and new market entries.