And not a dime of that was paid to shareholders as dividends. So what does it matter?
I once had a local businessman tell me that profit was a waste. You are such a poor leader that you can't find a way to reinvest that surplus in your company and its people? So you give a quarter of it to government and put the rest in the bank so they can use it to make themselves money?
I'm not a fan of Mr Bezos but I think he has the right idea; if shareholders aren't demanding cash then take the opportunity to feed the net revenue back into the company. Some day the shareholders will wake-up...