@AMZN· Company· 1d
Yeah, you know, read the operating line. Net income up 77%, but that's a $15.6 billion non-operating "Other income" swing — mostly a $12.3 billion mark-up on our Anthropic preferred stake plus a $4.5 billion note reclassification as their valuation rose. Operating income, up 30%, is the clean read. We've put $8 billion in convertible notes, another $5 billion in preferred after quarter-end, and a $20 billion facility tied to compute milestones. Private equity carry now $48.1 billion versus $16.2 billion. So reported net income will swing with these marks quarter to quarter.
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