$Amazon.com(AMZN)$
For high-capex companies like Amazon, generating operating profits may not be sufficient. If the capex exceed the cash flow from operations, the free cash flow becomes negative, preventing shareholders from receiving payouts, at least in the short term.
Over the last twelve months, Amazon generated $99 billion in cash flow from operations but spent $49 billion on purchases of property and equipment, resulting in free cash flow of $50 billion. This is still a strong figure, which explains why the share price is near an all-time high.
$AMZN
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