Timing is everything.
It is not often that a company takes on $18.5 billion of new debt without disclosing any specific use for the proceeds and sees its credit rating upgraded. But then, it is not often that a company reports $108.5 billion of revenue for a single quarter.
That’s how much Amazon brought in for the first three months of 2021. Days after announcing this, along with a tripling of net income per share compared with the first quarter of 2020 and trailing 12-month operating cash flow of $67.2
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