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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Stock-Based Compensation Expense | Stock-based compensation expense is as follows (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2024 |  | 2023 |  | 2024
Cost of sales | $ | 251 |  |  | $ | 266 |  |  | $ | 416 |  |  | $ | 440 |
Fulfillment | 932 |  |  | 944 |  |  | 1,535 |  |  | 1,580 |
Technology and infrastructure | 4,043 |  |  | 3,670 |  |  | 6,617 |  |  | 6,442 |
Sales and marketing | 1,303 |  |  | 1,224 |  |  | 2,296 |  |  | 2,156 |
General and administrative | 598 |  |  | 618 |  |  | 1,011 |  |  | 1,065 |
Total stock-based compensation expense | $ | 7,127 |  |  | $ | 6,722 |  |  | $ | 11,875 |  |  | $ | 11,683 |
Restricted Stock Unit Activity | The following table summarizes our restricted stock unit activity for the six months ended June 30, 2024 (in millions):
| Number of Units |  | Weighted-Average Grant-Date Fair Value
Outstanding as of December 31, 2023 | 405.8 |  |  | $ | 125 |
Units granted | 105.0 |  |  | 180 |
Units vested | (107.3) |  |  | 132 |
Units forfeited | (23.0) |  |  | 130 |
Outstanding as of June 30, 2024 | 380.5 |  |  | 138 |
Scheduled Vesting for Outstanding Restricted Stock Units | Scheduled vesting for outstanding restricted stock units as of June 30, 2024, is as follows (in millions):
| Six Months Ended December 31, |  | Year Ended December 31, |  |  |  |
| 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter |  | Total
Scheduled vesting — restricted stock units | 104.4 |  |  | 149.3 |  |  | 88.7 |  |  | 28.8 |  |  | 6.1 |  |  | 3.2 |  |  | 380.5 |
Changes in Stockholders' Equity | The following table shows changes in stockholders’ equity (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2024 |  | 2023 |  | 2024
Total beginning stockholders’ equity | $ | 154,526 |  |  | $ | 216,661 |  |  | $ | 146,043 |  |  | $ | 201,875 |
Beginning common stock | 108 |  |  | 109 |  |  | 108 |  |  | 109 |
Stock-based compensation and issuance of employee benefit plan stock | — |  |  | 1 |  |  | — |  |  | 1 |
Ending common stock | 108 |  |  | 110 |  |  | 108 |  |  | 110 |
Beginning and ending treasury stock | (7,837) |  |  | (7,837) |  |  | (7,837) |  |  | (7,837) |
Beginning additional paid-in capital | 79,863 |  |  | 103,938 |  |  | 75,066 |  |  | 99,025 |
Stock-based compensation and issuance of employee benefit plan stock | 7,033 |  |  | 6,695 |  |  | 11,830 |  |  | 11,608 |
Ending additional paid-in capital | 86,896 |  |  | 110,633 |  |  | 86,896 |  |  | 110,633 |
Beginning accumulated other comprehensive income (loss) | (3,973) |  |  | (3,598) |  |  | (4,487) |  |  | (3,040) |
Other comprehensive income (loss) | 293 |  |  | (395) |  |  | 807 |  |  | (953) |
Ending accumulated other comprehensive income (loss) | (3,680) |  |  | (3,993) |  |  | (3,680) |  |  | (3,993) |
Beginning retained earnings | 86,365 |  |  | 124,049 |  |  | 83,193 |  |  | 113,618 |
Net income | 6,750 |  |  | 13,485 |  |  | 9,922 |  |  | 23,916 |
Ending retained earnings | 93,115 |  |  | 137,534 |  |  | 93,115 |  |  | 137,534 |
Total ending stockholders’ equity | $ | 168,602 |  |  | $ | 236,447 |  |  | $ | 168,602 |  |  | $ | 236,447 |

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