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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Stock-Based Compensation Expense | Stock-based compensation expense is as follows (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2024 |  | 2023 |  | 2024
Cost of sales | $ | 193 |  |  | $ | 193 |  |  | $ | 609 |  |  | $ | 633 |
Fulfillment | 732 |  |  | 696 |  |  | 2,267 |  |  | 2,276 |
Technology and infrastructure | 3,284 |  |  | 2,961 |  |  | 9,901 |  |  | 9,403 |
Sales and marketing | 1,111 |  |  | 1,012 |  |  | 3,407 |  |  | 3,168 |
General and administrative | 509 |  |  | 471 |  |  | 1,520 |  |  | 1,536 |
Total stock-based compensation expense | $ | 5,829 |  |  | $ | 5,333 |  |  | $ | 17,704 |  |  | $ | 17,016 |
Restricted Stock Unit Activity | The following table summarizes our restricted stock unit activity for the nine months ended September 30, 2024 (in millions):
| Number of Units |  | Weighted-Average Grant-Date Fair Value
Outstanding as of December 31, 2023 | 405.8 |  |  | $ | 125 |
Units granted | 115.4 |  |  | 180 |
Units vested | (127.8) |  |  | 133 |
Units forfeited | (31.9) |  |  | 131 |
Outstanding as of September 30, 2024 | 361.5 |  |  | 139 |
Scheduled Vesting for Outstanding Restricted Stock Units | Scheduled vesting for outstanding restricted stock units as of September 30, 2024, is as follows (in millions):
| Three Months Ended December 31, |  | Year Ended December 31, |  |  |  |
| 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter |  | Total
Scheduled vesting — restricted stock units | 82.2 |  |  | 147.8 |  |  | 88.8 |  |  | 31.3 |  |  | 8.4 |  |  | 3.0 |  |  | 361.5 |
Changes in Stockholders' Equity | The following table shows changes in stockholders’ equity (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2024 |  | 2023 |  | 2024
Total beginning stockholders’ equity | $ | 168,602 |  |  | $ | 236,447 |  |  | $ | 146,043 |  |  | $ | 201,875 |
Beginning common stock | 108 |  |  | 110 |  |  | 108 |  |  | 109 |
Stock-based compensation and issuance of employee benefit plan stock | — |  |  | — |  |  | — |  |  | 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 | 86,896 |  |  | 110,633 |  |  | 75,066 |  |  | 99,025 |
Stock-based compensation and issuance of employee benefit plan stock | 5,815 |  |  | 5,301 |  |  | 17,645 |  |  | 16,909 |
Ending additional paid-in capital | 92,711 |  |  | 115,934 |  |  | 92,711 |  |  | 115,934 |
Beginning accumulated other comprehensive income (loss) | (3,680) |  |  | (3,993) |  |  | (4,487) |  |  | (3,040) |
Other comprehensive income (loss) | (1,323) |  |  | 2,075 |  |  | (516) |  |  | 1,122 |
Ending accumulated other comprehensive income (loss) | (5,003) |  |  | (1,918) |  |  | (5,003) |  |  | (1,918) |
Beginning retained earnings | 93,115 |  |  | 137,534 |  |  | 83,193 |  |  | 113,618 |
Net income | 9,879 |  |  | 15,328 |  |  | 19,801 |  |  | 39,244 |
Ending retained earnings | 102,994 |  |  | 152,862 |  |  | 102,994 |  |  | 152,862 |
Total ending stockholders’ equity | $ | 182,973 |  |  | $ | 259,151 |  |  | $ | 182,973 |  |  | $ | 259,151 |

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