eBay 2002 Annual Report Download - page 24

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Year Ended December 31,
1998 1999 2000 2001 2002
(in millions)
Supplemental Operating Data:
Number of registered users at end of period 2.2 10.0 22.5 42.4 61.7
Number of items listed ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 33.7 129.6 264.7 423.1 638.3
Gross merchandise sales ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 745 $ 2,805 $ 5,422 $ 9,319 $ 14,868
PayPal accounts at end of period ÏÏÏÏÏÏÏÏÏÏ ÌÌÌÌ23.3
PayPal number of payments(1) ÏÏÏÏÏÏÏÏÏÏÏ ÌÌÌÌ39.2
PayPal total payment volume(1) ÏÏÏÏÏÏÏÏÏÏ ÌÌÌÌ$2,138
(1) Amounts shown are for the post-acquisition period from October 4, 2002 through December 31, 2002.
December 31,
1998 1999 2000 2001 2002
(in thousands)
Consolidated Balance Sheet Data:
Cash and cash equivalents ÏÏÏÏÏÏÏÏÏÏÏÏ $ 37,285 $221,801 $ 201,873 $ 523,969 $1,109,313
Short-term investments ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 40,401 181,086 354,166 199,450 89,690
Long-term investments ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì 373,988 218,197 286,998 470,227
Long-term restricted cash and
investments ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì 126,390 129,614 134,644
Working capital ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 72,934 372,266 538,022 703,666 1,082,234
Total assets ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 149,536 969,825 1,182,403 1,678,529 4,124,444
Long-term debt ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 18,361 15,018 11,404 12,008 13,798
Total stockholders' equity ÏÏÏÏÏÏÏÏÏÏÏÏÏ 100,538 854,129 1,013,760 1,429,138 3,556,473
ITEM 7: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
FORWARD LOOKING STATEMENTS
This Annual Report on Form 10-K contains forward-looking statements based on our current
expectations about our company and our industry. You can identify these forward-looking statements when
you see us using words such as ""may,'' ""will,'' ""should,'' ""expect,'' ""anticipate,'' ""believe,'' ""estimate,''
""intend,'' ""plan'' and other similar expressions. You can also identify forward-looking statements by
discussions of strategy, plans or intentions. These forward-looking statements involve risks and
uncertainties. Our actual results could diÅer materially from those anticipated in these forward-looking
statements as a result of the factors described in the ""Risk Factors That May AÅect Results of Operations
and Financial Condition'' section below and elsewhere in this report. We undertake no obligation to
publicly update any forward-looking statements for any reason, even if new information becomes available
or other events occur in the future.
Overview
About eBay
We pioneered online trading by developing a Web-based marketplace in which a community of buyers
and sellers are brought together in an entertaining, intuitive, easy-to-use environment to browse, buy and
sell an enormous variety of items. Through our PayPal service, we enable any business or consumer with
email to send and receive online payments securely, conveniently and cost-eÅectively.
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