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Edited Transcript of Q3 2014 Results Earnings Conference Call… (NASDAQ:AMZN) hosted a conference call with investors and analysts to discuss Q3 2014 earnings results on October 23, 2014 at 5:00 p.m. ET. The following are the webcast audio and the associated transcript of the event…

Operator: Thank you for standing by. Good day everyone and welcome to the Q3 2014 financial results teleconference. At this time, all participants are in a listen-only mode. After the presentation, we will conduct a question-and-answer session. Today’s call is being recorded.

For opening remarks, I’ll be turning the call over to the Director of Investor Relations, Phil Hardin. Please go ahead.

Phil Hardin – Director, IR

Hello and welcome to our Q3 2014 financial results conference call. Joining us today is Tom Szkutak, our CFO. We will be available for questions after our prepared remarks.

The following discussion and responses to your questions reflect management’s views as of today, October 23, 2014 only and will include forward-looking statements. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in today’s press release and our filings with the SEC, including our most recent Annual Report on Form 10-K.

As you listen to today’s conference call, we encourage you to have our press release in front of you, which includes our financial results as well as metrics and commentary on the quarter.

During this call, we will discuss certain non-GAAP financial measures, and our press releases, slides accompanying this webcast and our filings with the SEC, each of which is posted on our IR website. You will find additional disclosures regarding these non-GAAP measures, including reconciliations of these measures with comparable GAAP measures.

Finally, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2013.

Now, I’ll turn the call over to Tom.

Tom Szkutak – CFO

Thanks, Phil. I’ll begin with comments on our third quarter financial results.

Trailing 12-month operating cash flow increased 15% to $5.71 billion. Trailing 12-month free cash flow increased to $1.08 billion. Trailing 12-month capital expenditures were $4.63 billion.

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