Operating income increased to $24.9 billion, compared with operating income of $22.9 billion in 2020.Excluding the $3.8 billion favorable impact from year-over-year changes in foreign exchange rates throughout the year, net sales increased 21% compared with 2020. Net sales increased 22% to $469.8 billion, compared with $386.1 billion in 2020.Fourth quarter 2021 net income includes a pre-tax valuation gain of $11.8 billion included in non-operating income from our common stock investment in Rivian Automotive, Inc., which completed an initial public offering in November. Net income increased to $14.3 billion in the fourth quarter, or $27.75 per diluted share, compared with $7.2 billion, or $14.09 per diluted share, in fourth quarter 2020.Operating income decreased to $3.5 billion in the fourth quarter, compared with $6.9 billion in fourth quarter 2020.Excluding the $1.3 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 10% compared with fourth quarter 2020. Net sales increased 9% to $137.4 billion in the fourth quarter, compared with $125.6 billion in fourth quarter 2020.
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Common shares outstanding plus shares underlying stock-based awards totaled 523 million on December 31, 2021, compared with 518 million one year ago.
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Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations decreased to an outflow of $14.3 billion for the trailing twelve months, compared with an inflow of $21.4 billion for the trailing twelve months ended December 31, 2020.Free cash flow less principal repayments of finance leases and financing obligations decreased to an outflow of $20.4 billion for the trailing twelve months, compared with an inflow of $20.3 billion for the trailing twelve months ended December 31, 2020.Free cash flow decreased to an outflow of $9.1 billion for the trailing twelve months, compared with an inflow of $31.0 billion for the trailing twelve months ended December 31, 2020.Operating cash flow decreased 30% to $46.3 billion for the trailing twelve months, compared with $66.1 billion for the trailing twelve months ended December 31, 2020.(NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2021. That's beginning to change.SEATTLE-(BUSINESS WIRE)-Feb. The workers pointed out their pay was nominal relative to the company's record profits and CEO's substantial $14.7 million compensation package.ĭemocratic Senator Elizabeth Warren supported the strike, stating, "Workers have gotten the short end of the stick for decades now." Warren added that, in the past, the government “stayed on the side of the giant corporations. They complained about poor pay, benefits and working conditions. In the first major walkout in more than 30 years, over 10,000 John Deere workers went on strike Thursday. Factory workers at Nabisco plants went on strike in August to protest plans by Nabisco’s parent, Mondelez International, to move some work to Mexico, among other issues.Īccording to the Associated Press, more than 24,000 nurses and other healthcare workers at Kaiser Permanente, one of the country’s largest healthcare systems, authorized a strike, threatening to walk out over pay and working conditions. The trend grew so fast and large that it was called " Striketober."ĭuring the summer, over 600 Frito-Lay workers at a plant in Topeka, Kansas walked off the job, in protest over their working conditions and forced overtime. They have started to take action.ĭuring October 2021, around 100,000 workers threatened to walk off their jobs or strike.
Workers had to contend with rude customers, people who didn’t wear masks, long and constantly changing hours, low pay and little to no growth potential. Now customers are not thanking waiters, bartenders, retail store clerks and other blue-collar workers. Now that we’re out of the worst part of the pandemic, the front-line workers are not receiving the applause and accolades received during the early months of Covid-19 spreading across the nation. With inflation rising, housing, cars, clothing, gas and food prices rising, workers are feeling left behind and worse off than they were before the virus outbreak. Watching the wealthy get incredibly richer during the pandemic and seeing stories of billionaires created overnight, people are resentful that they’re not participants in the economic recovery. We’ve seen growing animosity among workers. The Buffalo Starbucks strike is just one of the recent moves made by workers.
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