Company

Amazon is an electronic commerce and cloud computing company that also manufactures and sells electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, and Echo.

Sector Consumer Discretionary
Industry Retail - Discretionary
Market NASDAQ:AMZN
Founded July 5, 1994
Initial Public Offer May 15, 1997
Employees 230,800
Website https://www.amazon.com
Segment information
Net sales, period Q3 2016.
    Sales 2016 Q3 USD %
    North America 18.8 B 58%
    International 10.6 B 32%
    AWS 3.2 B 10%
    Total 32,7 B
    Results of Operations 2016 Q31
    32.7
    Net Sales
    billions USD
    11.4
    G. Profit
    billions USD
    252
    N. Income
    millions USD
    29%
    sales2

    1 Three months ended September 30, 2016.
    2 Year over year.
    Amazon.com Inc. AMZN
    Period from March 31 to June 30, 2016 (values in USD). Source NASDAQ.
    Overview

    Sales increased 29% in Q3 2016 and 29% for the nine months ended September 30, 2016, compared to the comparable prior year periods. North America sales increased 26% in Q3 2016 and 27% for the nine months ended September 30, 2016, compared to the comparable prior year periods. International sales increased 28% in Q3 2016 and 27% for the nine months ended September 30, 2016, compared to the comparable prior year periods.

    16 Q3 16 Q2 16 Q1 15 Q4 15 Q3
    Revenue1 32,714 30,404 29,128 35,747 25,358
    Gross Profit1 11,454 11,224 10,262 11,406 8,603
    Net Income1 252 857 513 482 79
    Revenue by quarter
    Net Income by quarter
    1 Values in millions USD.
    Consolidated Statement of Operations1 2
    2016 Q3 2015 Q3
    Net product sales $ 22,339 $ 18,463
    Net service sales 10,375 6,895
    Total net sales 32,714 25,358
    Operating expenses
    Cost of sales 21,260 16,755
    Fulfillment 4,335 3,230
    Marketing 1,738 1,264
    Technology and content 4,135 3,197
    General and administrative 639 463
    Other operating expense, net 32 43
    Total operating expenses 32,139 24,952
    Operating income 575 406
    Interest income 26 13
    Interest expense -118 -116
    Other income (expense), net 8 -56
    Total non-operating income (expense) -84 -159
    Income before income taxes 491 247
    Provision for income taxes -229 -161
    Equity-method investment activity, net of tax -10 -7
    Net income 252 79
    Basic earnings per share (in usd per share) 0.53 0.17
    Diluted earnings per share (in usd per share) 0.52 0.17
    1 Three months ended September 30, 2016.
    2 Values in millions USD.
    Company

    Twitter is a global platform for public self-expression and conversation in real time.

    Sector Communications
    Industry Media
    Sub-Industry Internet Media
    Market NASDAQ:TWTR
    Founded March 21, 2006
    Employees 3,898
    Website https://www.twitter.com
    Montly Active Users
    Quartherly average in million
    MAUs are defined as users who logged in or were otherwise authenticated and accessed Twitter in the 30-day period ending on the date of measurement.
    Users by Segment
    2016 Q3
      MAUs 2016 Q3 Users %
      United States 67 M 21%
      International 250 M 79%
      Total 317 M
      Results of Operations 2016 Q31
      615
      Revenue
      millions USD
      398
      G. Profit
      millions USD
      102
      Net Loss
      millions USD
      317
      million MAUs2
      -44%
      cost per engagement3
      3,910
      full-time employees

      1 Three months ended September 30, 2016.
      2 Average monthly active users for Q3 (up 3% year-over-year).
      3 Average CPE change year-over-year.
      Twitter Inc. TWTR
      Three months ended September 30, 2016 (values in USD). Source NASDAQ.
      Overview
      Total revenue reached $616 million for the third quarter, up 8% year-over-year. The company announced a restructuring and reduction in force affecting approximately 9% of Twitter’s positions globally. Twitter has never recorded positive operating income in its history.
      News
      Monthly Active Users
      Monthly Active Users 16 Q3 16 Q2 16 Q1 15 Q4
      USA 67 66 65 65
      International 250 247 245 254
      Total 317 313 310 319
      Quartherly average in million.
      Consolidated Statement of Operations
      2016 Q3 Change % 2015 Q3
      Revenue $ 615,934 8% $ 569,237
      Costs and expenses:
      Cost of revenue 225,159 12% 200,195
      Research and development 177,049 -15% 207,937
      Sales and marketing 224,436 7% 208,797
      General and administrative 67,379 17% 57,545
      Total costs and expenses 694,023 3% 674,474
      Loss from operations -78,089 -26% -105,237
      Interest expense -24,860 -2% -25,239
      Other income (expense), net 6,640 241% 1,948
      Loss before income taxes -96,309 -25% -128,528
      Provision (benefit) for income taxes 6,562 108% 3,162
      Net loss -102,871 -22% -131,690
      Net loss per share:
      Basic and diluted -0.15 -25% -0.2
      Weighted-average shares:
      Basic and diluted 704,359 5% 670,604
      Values in thousands, except per share data.
      Consolidate Balance Sheet
      Sep 30, 2016 Dec 31, 2015
      Assets
      Current assets:
      Cash and cash equivalents $ 1,011,957 11% $ 911,471
      Short-term investments 2,652,226 3% 2,583,877
      Accounts receivable, net 590,108 -8% 638,694
      Prepaid expenses and other current assets 224,122 -10% 247,750
      Total current assets 4,478,413 2% 4,381,792
      Property and equipment, net 803,305 9% 735,299
      Intangible assets 111,983 -21% 141,015
      Goodwill 1,184,401 5% 1,122,728
      Other assets 164,844 168% 61,605
      Total assets 6,742,946 5% 6,442,439
      Values in thousands.
      Company

      Tesla designs, develops, manufactures and sells high-performance fully electric vehicles and energy storage products. The company currently produces and sell two fully electric vehicles, the Model S sedan and the Model X sport utility vehicle. Model 3 production and deliveries are planned in late 2017.

      Sector Consumer Discretionary
      Industry Automotive
      Market NASDAQ:TSLA
      Founded 2003
      Employees 13,058
      Website https://www.tesla.com
      Segment information
      Deliveries mix period Q3 2016.
        Models Deliveries %
        Model S 15,800 64%
        Model X 8,700 36%
        Total 24,500
        Results of Operations 2016 Q3
        2.29
        Revenue
        billions USD
        636
        G. Profit
        millions USD
        21.8
        N. Income
        millions USD
        25,185
        Vehicles production
        15,800
        Model S delivered
        8,700
        Model X delivered
        Tesla Motors, Inc. TSLA
        Period from July 01 to September 30, 2016 (values in USD). Source NASDAQ.
        Summary
        Revenue was $2.30 billion, up 145% from Q3 2015, while total Q3 gross margin was 27.7%, compared to 21.6% in Q2. Production rose to 25,185 vehicles in Q3. This was an increase of 37% from Q2 production of 18,345.
        Deliveries

        In Q3, combined net orders for new Model S and Model X vehicles grew 68%, compared with the same period last year. During the quarter, Tesla opened 17 new stores and service centers to increase customer support network to 250 locations globally.

        Q3 20161 Q2 2016 Q1 2016
        Model S 15,800 9,745 12,420
        Model X 8,700 4,625 2,400
        Total 24,500 14,370 14,820
        Deliveries by quarter
        Production by quarter
        1 In addition to Q3 deliveries, about 5,500 vehicles were in transit to customers at the end of the quarter. These will not be counted as deliveries until Q4.
        Consolidated Statement of Operations
        2016 Q3 Change % 2016 Q2
        Revenues
        Automotive $ 1,917,442 86% $ 1,030,224
        Automotive leasing 231,285 53% 151,628
        Total automotive revenue 2,148,727 82% 1,181,852
        Services and other 149,709 70% 88,165
        Total revenues 2,298,436 81% 1,270,017
        Cost of revenues
        Automotive 1,355,102 64% 827,230
        Automotive leasing 161,959 97% 82,052
        Total automotive cost of revenues 1,517,061 67% 909,282
        Services and other 144,640 68% 85,959
        Total cost of revenues (1) 1,661,701 67% 995,241
        Gross profit 636,735 132% 274,776
        Operating expenses
        Research and development (1) 214,302 12% 191,664
        Selling, general and administrative (1) 336,811 5% 321,152
        Total operating expenses 551,113 7% 512,816
        Income (loss) from operations 85,622 136% -238,040
        Interest income 2,858 27% 2,242
        Interest expense (2) -46,713 1% -46,368
        Other expense, net -11,756 59% -7,373
        Income (loss) before income taxes 30,011 110% -289,539
        Provision for income taxes 8,133 123% 3,649
        Net income (loss) 21,878 107% -293,188
        Net income (loss) per common share:
        Basic 0.15 107% -2.09
        Diluted 0.14 107% -2.09
        Shares used in per share calculation:
        Basic 148,991 6% 139,983
        Diluted 156,935 12% 139,983
        Values in thousands, except per share data.
        1 Includes stock-based compensation expense.
        2 Interest expense includes non-cash interest expense related to convertible notes and other borrowing. For the three months ended September 30, 2016, June 30, 2016, and September 30, 2015, non-cash interest expense related to convertible notes and other borrowing were $33.1 million, $31.8 million, and $21.8 million, respectively. For the nine months ended September 30, 2016 and 2015, non-cash interest expense related to convertible notes and other borrowings were $93.9 million and $59.5 million.
        Consolidated Balance Sheets
        Sept 30, 2016 Change % Dec 31, 2015
        Assets
        Cash and cash equivalents 3,084,257 158% 1,196,908
        Restricted cash and marketable securities 23,711 5% 22,628
        Accounts receivable 326,895 93% 168,965
        Inventory 1,604,571 26% 1,277,838
        Prepaid expenses and other current assets 132,978 15% 115,667
        Operating lease vehicles, net (1) 2,949,297 65% 1,791,403
        Property and equipment, net 4,309,048 27% 3,403,334
        Restricted cash – noncurrent 90,994 189% 31,522
        Other assets 70,646 18% 59,674
        Total assets $ 12,592,397 56% $ 8,067,939
        1 Includes increase in operating lease vehicles related to deliveries and subject to lease accounting, net of depreciation recognized in automotive cost of sales.
        Company

        Apple designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players, and sells a variety of related software, services, accessories, networking solutions and third-party digital content and applications.

        Sector Technology
        Industry Hardware
        Market NASDAQ:AAPL
        Founded April 1, 1976
        Initial Public Offer December 12, 1980
        Employees 110,000
        Website https://www.apple.com
        Revenue by Product
        Three months ended September 24, 2016
          Product Revenue %
          iPhone 28.1 B 60%
          iPad 4.2 B 9%
          Mac 5.7 B 12%
          Service 6.3 B 14%
          Other 2.3 B 4%
          Total 46.8 B
          Results of Operations 2016 Q4
          46.8
          Net Sales
          billions USD
          17.8
          G. Profit
          billions USD
          9.01
          N. Income
          billions USD
          45.5 M
          iPhone sold
          9.26 M
          iPad sold
          4.88 M
          Mac sold

          Three months ended September 24, 2016.
          Apple Inc. AAPL
          Period from June 24 to September 24, 2016 (values in USD). Source Nasdaq.
          Overview
          The Company posted quarterly revenue of $46.9 billion and quarterly net income of $9 billion, or $1.67 per diluted share. Gross margin was 38 percent compared to 39.9 percent in the year-ago quarter. Gross margin was 38 percent compared to 39.9 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.
          Net Sales by Operating Segment
          The following table shows net sales by operating segment during three months ended September 24, 2016.

          Segment 2016 Q4 Change % 2016 Q3
          Americas $ 20,229 13% $ 17,963
          Europe 10,842 12% 9,643
          Greater China 8,785 -1% 8,848
          Japan 4,324 23% 3,529
          Rest of Asia Pacific 2,672 13% 2,375
          Total net sales $ 46,852 11% $ 42,358
          Values in millions USD.
          Net Sales by Products
          The following table shows net sales by product during three months ended September 24, 2016.

          Product 2016 Q4 Change % 2016 Q3
          iPhone (1) $ 28,160 17% $ 24,048
          iPad (1) 4,255 -13% 4,876
          Mac (1) 5,739 10% 5,239
          Services (2) 6,325 6% 5,976
          Other Products (1)(3) 2,373 7% 2,219
          Total net sales $ 46,852 11% $ 42,358
          iPhone Revenue
          iPad Revenue
          Mac Revenue
          Values in millions USD.
          (1) Includes deferrals and amortization of related software upgrade rights and non-software services.
          (2) Includes revenue from Internet Services, AppleCare, Apple Pay, licensing and other services.
          (3) Includes sales of Apple TV, Apple Watch, Beats products, iPod and Apple-branded and third-party accessories.

          Unit Sales by Product
          Product 2016 Q4 Change % 2016 Q3
          iPhone 45,513 13% 40,399
          iPad 9,267 -7% 9,950
          Mac 4,886 15% 4,252
          iPhone
          iPad
          Mac
          Units in thousands.

          Consolidated Statement of Operations
          2016 Q4 Change 2016 Q3
          Net sales $ 46,852 -9% $ 51,501
          Cost of sales (1) 29,039 -6% 30,953
          Gross margin 17,813 -13% 20,548
          Operating expenses:
          Research and development (1) 2,570 16% 2,220
          Selling, general and administrative (1) 3,482 -6% 3,705
          Total operating expenses 6,052 2% 5,925
          Operating income 11,761 -20% 14,623
          Other income/(expense), net 427 -3% 439
          Income before provision for income taxes 12,188 -19% 15,062
          Provision for income taxes 3,174 -19% 3,938
          Net income 9,014 -19% 11,124
          Earnings per share:
          Basic 1.68 -15% 1.97
          Diluted 1.67 -15% 1.96
          Shares used in computing earnings per share:
          Basic 5,366,912 -5% 5,646,916
          Diluted 5,393,333 -5% 5,682,519
          Cash dividends declared per share 0.57 10% 0.52
          Values millions, except number of shares which are reflected in thousands and per share amounts.

          1 Includes share-based compensation expense as follows:

          Cost of sales $ 186 $ 145
          Research and development 476 390
          Selling, general and administrative 368 380
          Company

          eBay Inc. is a global commerce leader including our Marketplace, StubHub and Classifieds platforms. The company is primarily a transaction-based business that generates revenue from the transactions between buyers and sellers.

          Sector Consumer Discretionary
          Industry Retail - Discretionary
          Sub-Industry E-Commerce Discretionary
          Market NASDAQ:EBAY
          Founded September 3, 1995
          Initial Public Offer Sep 24, 1998
          Employees 11,600
          Website https://www.ebay.com
          Revenue by Geography
          2016 Q3 1
            United States
            International
            Region Revenue %
            United States 974 M 44%
            International 1,243 M 56%
            Total 2,217 M

            1 Three months ended September 30.

            Results of Operations 2016 Q3
            2.21
            Revenue
            billions USD
            1.71
            G. Profit
            billions USD
            413
            N. Income
            millions USD
            $206
            M acquisitions (1)

            (1) During the nine months ended September 30, 2016.
            eBay Inc. EBAY
            Period from January 1 to September 30, 2016 (values in USD). Source Nasdaq.
            Highlights
            For the three months ended September 30, net revenues increased 6% to $2.2 billion compared to the same period in 2015. Operating margin decreased to 24% compared to 28% in the same period of 2015. The company generates cash flow from continuing operating activities of $802 million compared to $704 million in the same period in 2015. During the nine months ended September 30, 2016, the company completed five acquisitions for an aggregate purchase consideration of approximately $206 million, consisting of cash.
            Net Revenues
            eBay generates two types of net revenues: net transaction revenues and marketing services and other revenues. The following table sets forth the breakdown of net revenues by type for the

            Segment 2016 Q3 1 2015 Q3 2
            Net transaction revenues:
            Marketplace $ 1,484 $ 1,459
            StubHub 261 200
            Total net transaction revenues 1,745 1,659
            Marketing services and other revenues:
            Marketplace 273 266
            Classifieds 197 178
            StubHub, Corporate and other 2 -4
            Total marketing services and other revenues 472 440
            Total net revenues $ 2,217 $ 2,099

            Region 2016 Q3 2015 Q3
            U.S. 974 901
            International 1,243 1,198
            Total net revenues 2,217 2,099
            Values in millions USD.
            1 Three months ended September 30.
            2 Three months ended September 30.
            Consolidated Statement of Operations
            2016 Q3 1 2015 Q3 2
            Net revenues 2,217 2,099
            Cost of net revenues 498 433
            Gross profit 1,719 1,666
            Operating expenses:
            Sales and marketing 600 565
            Product development 288 241
            General and administrative 224 207
            Provision for transaction losses 56 65
            Amortization of acquired intangible assets 9 10
            Total operating expenses 1,177 1,088
            Income from operations 542 578
            Interest and other, net -9 87
            Income from continuing operations before income taxes 533 665
            Provision for income taxes -115 -120
            Income from continuing operations 418 545
            Loss from discontinued operations, net of income taxes -5 -6
            Net income 413 539
            Income (loss) per share – basic: 0 0
            Continuing operations (in usd per share) 0.37 0.45
            Discontinued operations (in usd per share ) 0 0
            Net income per share – basic (in usd per share) 0.37 0.45
            Income (loss) per share – diluted: 0. 0.
            Continuing operations (in usd per share) 0.36 0.45
            Discontinued operations (in usd per share) 0 0
            Net income per share – diluted (in usd per share) 0.36 0.45
            Weighted-average shares:
            Basic (in shares) 1,126 1,210
            Diluted (in shares) 1,139 1,223
            Values millions USD.
            1 Three months ended September 30.
            2 Three months ended September 30.
            Company

            SolarCity Corp. is an American provider of energy services. Among its primary services, the company designs, finances and installs solar power systems.

            Sector Energy
            Industry Renewable Energy
            Market NASDAQ:SCTY
            Founder Lyndon Rive
            Founded July 4, 2006
            Initial Public Offer December 12, 2012
            Employees 15,273
            Website http://www.solarcity.com
            Results of Operations Fiscal Year 2015
            399
            Revenue
            million USD
            118
            G. Profit
            million USD
            768
            N. Loss
            million USD
            230
            K customers (1)
            110
            K new installations (2)
            870
            megawatts (3)

            1 Since 20016.
            2 New solar energy system installations in 2015.
            3 Megawatt installed in the year ended December 31, 2015, an increase of 73% from fiscal 2014.
            SolarCity Corp. SCTY
            Period from January 1 to December 31, 2015. Source NASDAQ.
            Operational Highlights

            The company have installed 870 megawatts in the fiscal 2015 (+73% from fiscal 2014). The company have installed 232,940 solar energy systems, an increase of 87.8% from 2014 (more than any other company in the United States in 2015). The company grew to 15,273 total employees as of December 31, 2015, an increase of 68.7% from fiscal 2014.

            Selected Historical Financial Data
            2015 2014 2013 2012 2011
            Revenue $ 399,619 $ 255,031 $ 163,837 $ 126,908 $ 59,551
            Gross Profit 118,828 78,599 39,369 27,456 12,415
            Net loss -768,822 -375,230 -151,758 -113,726 -73,714

            Revenue
            Gross Profit
            Values in thousands USD.
            Consolidated Statement of Operations
            2015 2014 2013
            Revenue:
            Operating leases and solar energy systems incentives 293,543 173,636 82,856
            Solar energy systems and components sales 106,076 81,395 80,981
            Total revenue 399,619 255,031 163,837
            Cost of revenue:
            Operating leases and solar energy systems incentives 165,546 92,920 32,745
            Solar energy systems and components sales 115,245 83,512 91,723
            Total cost of revenue 280,791 176,432 124,468
            Gross profit 118,828 78,599 39,369
            Operating expenses:
            Sales and marketing 457,185 238,608 97,426
            General and administrative 244,508 156,426 89,801
            Research and development 64,925 19,162 1,520
            Total operating expenses 766,618 414,196 188,747
            Loss from operations -647,790 -335,597 -149,378
            Interest expense – net 91,939 55,758 25,738
            Other expense – net 25,767 10,611 1,441
            Loss before income taxes -765,496 -401,966 -176,557
            Income tax (provision) benefit -3,326 26,736 24,799
            Net loss -768,822 -375,230 -151,758
            Net loss attr. to n.c.i. (1) -710,492 -319,196 -95,968
            Net loss attributable to stockholders -58,330 -56,034 -55,790
            Net loss attributable to common stockholders:
            Basic -58,330 -56,034 -55,790
            Diluted -58,330 -56,034 -55,790
            Net loss per share attributable to common stockholders:
            Basic -0.6 -0.6 -0.7
            Diluted -0.6 -0.6 -0.7
            Weighted-average shares (2):
            Basic 97,200,925 93,333,880 79,781,976
            Diluted 97,200,925 93,333,880 79,781,976
            Values in thousands USD.
            (1) Attributable to noncontrolling interests and redeemable noncontrolling interests.
            (2) Used to compute net loss per share attributable to common stockholders.