Report Amazon.com (AMZN) Taking Longer To Pay Suppliers
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Today's Wall Street Journal 'Heard on the Street' column discusses that Amazon.com (Nasdaq: AMZN) has been increasing the time it takes to pay its suppliers.
Payment from Amazon moved from 63 days to 72 days over the last year. Brian Evans, of Behind the Numbers, said this "theoretically means that Amazon has not paid suppliers for sales consummated in mid-June." Amazon's sales rose 28% in the quarter, but accounts payable nearly doubled, helping push free cash flow up 116%.
Shares of AMZN are down 0.8% this morning.
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