Amazon has committed to roughly $22 billion in future food purchases as it bulks up Whole Foods

A small footnote in Amazon’s annual report indicates the sort of financial commitment the business is making into the grocery business, beyond the $13 billion it spent last year on Whole Foods.

Amazon’s “unconditional purchase obligations,” a necessary disclosure for future payment arrangements, devoting to $24.2 billion in 2017, based on its 10-K filing past month. Amazon had only $1.6 billion of these obligations before the Whole Foods deal, and never had over $ 1.6 billion in company history.

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