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Amazonacquired Whole Foods for $13.7 billion on June 16, 2017, and now, over, the purchase has appeared on Amazon’s annual balance sheet, CNBCreports.

Approximately 70% of the cost was accounted for by goodwill, meaning that Amazon purchased Whole Foods largely for its intangible value, rather than its current operations. This solidifies the widely held perspective that the e-commerce titan acquired the grocer in order to make a strong entrance into grocery, both online and in-store, which is smart, as Whole Foods had a slightlynegativeoperating income in Q4 2017.

Here's an overview of the good and the bad that's followed the acquisition:

  • Amazon has found some success by lowering Whole Foods’ prices, selling its private-label goods on, and more.
  • bumping
  • sold
  • But in the last six months, the grocer’s prices, quality, and inventory management have been questioned.
  • up
  • stocked
  • away

Amazon isn’t close to done with changing and incorporating Whole Foods.

  • The e-commerce titan still plans to use Prime as Whole Foods’ rewards program.
  • overlap
  • Amazon has yet to fully integrate Whole Foods into AmazonFresh.

The relationship between Amazon and Whole Foods will be an important part of the global e-commerce landscape in the near term. BI Intelligence, Business Insider's premium research service, has compiled several e-commerce snapshots, which together highlight the most notable emerging markets in various regions.

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