eBay 2002 Annual Report Download - page 47
Download and view the complete annual report
Please find page 47 of the 2002 eBay annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37 -
38 -
39 -
40 -
41 -
42 -
43 -
44 -
45 -
46 -
47 -
48 -
49 -
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
 |
 |
interests of $3.9 million. In addition, our post-adoption income statement will reÖect the reclassiÑcation of
rent expense payments from operating expenses to interest expense as well as the recognition of
depreciation expense, within operating expenses, for our use of the buildings. We estimate that the income
statement impact of consolidating our San Jose facilities lease will consist of a charge against earnings, net
of taxes, of $5.6 million upon the adoption of FIN 46 on July 1, 2003. This charge will reÖect the
accumulated depreciation charges that would have been recorded in previous periods had consolidation of
the San Jose facilities been required. Additionally, we have not decided whether we will keep the existing
Ñnancing arrangement or purchase the San Jose facilities. Whether or not we keep the existing Ñnancing
arrangement, we anticipate recording additional annual operating expenses of $1.7 million, net of taxes, to
for the recognition of depreciation expense on the buildings. In the event we purchase the San Jose
facilities, we will also pay $126.4 million, eliminate Ñnancing payments and settle our two interest rate
swaps we used to establish a Ñxed rate of interest for $95 million of our Ñnancing arrangement. During the
year ended December 31, 2002, our Ñnancing payments related to the San Jose facilities totaled
$7.9 million. At December 31, 2002, settlement of our two interest rate swaps would have resulted in a
loss of $10.9 million.
45