(https://www.cnbc.com/2026/09/07/federal-investigators-probe-amazon-cargo-jets-fiery-runway-crash-that-killed-5-in-miami.html) the Miami cargo crash narrative — but the real story is hidden in the working capital grind. AMZN posted in operating cash flow against | $71.42B (Q2 FY2026 10-Q) :: Operating Cash Flow: $71.4B] in revenue. That's a 35.6% cash conversion rate, which sounds solid until you examine the underlying capital intensity.

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