eBay 2008 Annual Report Download - page 118

Download and view the complete annual report

Please find page 118 of the 2008 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.

Page out of 124

  • 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

Supplementary Data — Quarterly Financial Data-Unaudited
The following tables present certain unaudited consolidated quarterly financial information for each of the
eight quarters ended December 31, 2008. This quarterly information has been prepared on the same basis as the
Consolidated Financial Statements and includes all adjustments necessary to state fairly the information for the
periods presented.
Quarterly Financial Data
(Unaudited, in thousands, except per share amounts)
March 31 June 30 September 30 December 31
Quarter Ended
2007
Net revenues ....................... $1,768,074 $1,834,429 $1,889,220 $2,180,606
Grossprofit........................ $1,374,385 $1,417,640 $1,442,699 $1,674,633
Net income (loss) ................... $ 377,176 $ 375,824 $ (935,635) $ 530,886
Net income (loss) per share-basic ....... $ 0.28 $ 0.28 $ (0.69) $ 0.39
Net income (loss) per share-diluted ...... $ 0.27 $ 0.27 $ (0.69) $ 0.39
Weighted-average shares:
Basic .......................... 1,366,915 1,361,046 1,354,786 1,352,077
Diluted......................... 1,384,287 1,378,697 1,354,786 1,368,067
March 31 June 30 September 30 December 31
Quarter Ended
2008
Net revenues ....................... $2,192,223 $2,195,661 $2,117,531 $2,035,846
Grossprofit........................ $1,666,811 $1,633,558 $1,556,568 $1,456,255
Net income ........................ $ 459,718 $ 460,345 $ 492,219 $ 367,192
Net income per share-basic ............ $ 0.34 $ 0.35 $ 0.38 $ 0.29
Net income per share-diluted ........... $ 0.34 $ 0.35 $ 0.38 $ 0.29
Weighted-average shares:
Basic .......................... 1,333,791 1,312,007 1,288,937 1,279,536
Diluted......................... 1,343,989 1,325,136 1,297,484 1,284,279
In the third quarter of 2007, we recorded a goodwill impairment charge of $1.4 billion related to our
Communications reporting unit. See “Note 3 — Business Combinations, Goodwill and Intangible Assets” to the
consolidated financial statements included in this report.
In the fourth quarter of 2008, we recorded a restructuring charge of $49.1 million. See “Note 9 — Restruc-
turing” to the consolidated financial statements included in this report.
110