eBay 1998 Annual Report Download - page 60

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eBAY INC.
CONSOLIDATED BALANCE SHEET
(in thousands, except per share amounts)
December 31,
1997 1998
ASSETS
Current assets:
Cash and cash equivalents................................................................................................. $ 3,723 $31,790
Short-term investments ..................................................................................................... — 40,401
Accounts receivable, net ................................................................................................... 1,024 6,369
Other current assets........................................................................................................... 220 4,825
Total current assets ...................................................................................................... 4,967 83,385
Property and equipment, net ................................................................................................. 652 7,831
Intangible and other assets, net ............................................................................................. — 1,267
$ 5,619 $92,483
LIABILITIES, MANDATORILY REDEEMABLE
CONVERTIBLE PREFERRED STOCK AND
STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable.............................................................................................................. $ 252 $ 1,385
Customer advances ........................................................................................................... 128 727
Income taxes payable ........................................................................................................ 169 —
Debt and leases, current .................................................................................................... 258 —
Deferred tax liabilities, current ......................................................................................... — 1,682
Other current liabilities ..................................................................................................... 317 4,244
Total current liabilities................................................................................................. 1,124 8,038
Debt and leases, long-term.................................................................................................... 305 —
Deferred tax liabilities, long-term......................................................................................... 157 —
1,586 8,038
Series B Mandatorily Redeemable Convertible Preferred Stock and Series B warrants ...... 3,018 —
Commitments and Contingencies (Notes 6 and 11)
Stockholders’ equity:
Preferred Stock, $0.001 par value; no shares and 5,000 shares authorized, no shares issued
or outstanding ............................................................................................................... — —
Series A Convertible Preferred Stock, $0.001 par value; 1,676 and no shares
authorized, 1,676 and no shares issued and outstanding................................................ 4 —
Common Stock, $0.001 par value; 180,000 and 195,000 shares authorized, 61,200 and
120,000 shares issued and outstanding .......................................................................... 61 121
Additional paid-in capital.................................................................................................. 1,441 86,265
Notes receivable from stockholders.................................................................................. (68) (1,130)
Unearned compensation.................................................................................................... (1,399) (4,139)
Retained earnings.............................................................................................................. 976 3,328
Total stockholders’ equity............................................................................................ 1,015 84,445
$ 5,619 $92,483
The accompanying notes are an integral part of these consolidated financial statements.