eBay 1998 Annual Report Download - page 59

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59
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and Stockholders of
eBay Inc.
In our opinion, the accompanying consolidated balance sheet and the related consolidated statements of
income, of stockholders’ equity and of cash flows present fairly, in all material respects, the financial position of
eBay Inc. and its subsidiary at December 31, 1997 and 1998, and the results of their operations and their cash flows
for each of the three years in the period ended December 31, 1998, in conformity with generally accepted
accounting principles. These financial statements are the responsibility of the Company’ s management; our
responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of
these statements in accordance with generally accepted auditing standards which require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant estimates made by management, and evaluating
the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion
expressed above.
PRICEWATERHOUSECOOPERS LLP
San Jose, California
January 22, 1999,
except for Note 11, which
is as of March 25, 1999.