They owe over $21B in current payables and $8B to bondholders and they have only $14B in cash. They needed to borrow $8B just to keep selling more #$%$. What a great business model. They are really hitting it out of the ballpark.
WSJ gets its - there is no cash or earnings in this non-profit. What is interesting is AMZN looses money in their core business of retail. They essentially broke out their only profitable business unit and its only profitable due to how they allocate server expense to AWS. There is simply no hope for this company ever turning a decent return because they are less efficient than most commerce companies. I can tell you there is not one company in the history of the stock market that doesn't eventually earn their market cap. AMZN will be no different - when sales growth slows the emperor will be exposed and the stock will get hammered.
Wall street needs this pos right now thats why they keep upgrading. AMZN and WMT essentially have the same market cap but with AMZN there is absolutely no way they will ever be able to achieve WMT numbers let alone a real tech company like GOOG or AAPL.
Every day in the financial press they should be pounding this junk.