eBay 2005 Annual Report Download - page 52

December 31,
2001 2002 2003 2004 2005
(In thousands)
Consolidated Balance Sheet Data:
Cash and cash equivalents ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 523,969 $1,109,313 $1,381,513 $1,330,045 $ 1,313,580
Short-term investments ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 199,450 89,690 340,576 682,004 774,650
Long-term investments ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 286,998 470,227 934,171 1,266,289 825,667
Working capital ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 703,666 1,082,234 1,498,606 1,826,279 1,698,302
Total assets ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,678,529 4,040,226 5,820,134 7,991,051 11,788,986
Short-term obligations ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 16,111 2,970 2,840 124,272(2) Ì
Long-term obligations ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 12,008 13,798 124,476(2) 75 Ì
Total stockholders' equity ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,429,138 3,556,473 4,896,242 6,728,341 10,047,981
(1) These results include acquired company results of operations beginning on the date of acquisition. See
Note 3 in the notes to the consolidated financial statements, included elsewhere in this Annual Report on
Form 10-K, for a summary of recent acquisitions.
(2) Includes a lease obligation totaling $122.5 million that was reclassified as short-term in 2004 as the lease
expired on March 1, 2005, at which time we purchased the facility.
ITEM 7: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
FORWARD-LOOKING STATEMENTS
This report contains statements that involve expectations, plans or intentions (such as those relating to
future business or financial results, new features or services, or management strategies). These statements are
forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can
identify these forward-looking statements by words such as ""may,'' ""will,'' ""should,'' ""expect,'' ""anticipate,''
""believe,'' ""estimate,'' ""intend,'' ""plan'' and other similar expressions. You should consider our forward-
looking statements in light of the risks discussed under the heading ""Risk Factors'' in Item 1A above as well as
our consolidated financial statements, related notes, and the other financial information appearing elsewhere
in this report and our other filings with the Securities and Exchange Commission. We assume no obligation to
update any forward-looking statements.
You should read the following Management's Discussion and Analysis of Financial Condition and
Results of Operations in conjunction with the consolidated financial statements and the related notes that
appear elsewhere in this document.
Overview
About eBay Inc.
Our purpose is to pioneer new communities around the world built on commerce, sustained by trust, and
inspired by opportunity. We bring together millions of buyers and sellers every day on a local, national and
international basis through an array of websites. We provide online marketplaces for the sale of goods and
services, online payments services and online communication offerings to a diverse community of individuals
and businesses. We currently have three primary businesses: the eBay Marketplaces, Payments and
Communications. Our eBay Marketplaces provide the infrastructure to enable online commerce in a variety of
formats, including the traditional auction platform, along with our other online platforms, such as Rent.com,
Shopping.com, Kijiji, mobile.de, and Marktplaats.nl. Our Payments business, which consists of our PayPal
business, enables individuals or businesses to securely, easily and quickly send and receive payments online.
Our Communications business, which consists of our Skype business, enables VoIP calls between Skype users,
as well as provides low-cost connectivity to traditional fixed-line and mobile telephones.
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