eBay 2009 Annual Report Download - page 109
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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Expected future intangible asset amortization as of December 31, 2009 is as follows (in thousands):
Fiscal Years:
2010 ........................................ $253,934
2011 ........................................ 195,576
2012 ........................................ 155,374
2013 ........................................ 123,098
2014 ........................................ 36,843
Thereafter .................................... 2,987
$767,812
Note 6 — Segments:
Operating segments are based upon our internal organization structure, the manner in which our operations
are managed, the criteria used by our Chief Operating Decision Maker (CODM) to evaluate segment
performance and the availability of separate financial information. We had three operating segments:
Marketplaces, Payments and Communications. On November 19, 2009, we sold a controlling interest in Skype.
For the year ended December 31, 2009, the financial performance of our Communications segment reflects
Skype operations from January 1, 2009 to November 19, 2009.
The following table summarizes the financial performance of our operating segments (in thousands):
Year Ended December 31, 2007
Marketplaces Payments Communications Consolidated
Net transaction revenues ........................ $4,680,835 $1,838,539 $364,564 $6,883,938
Marketing services and other revenues ............. 683,056 88,077 17,258 788,391
Net revenues from external customers ......... 5,363,891 1,926,616 381,822 7,672,329
Direct costs .................................. 3,017,895 1,534,627 337,338 4,889,860
Direct contribution ........................ 2,345,996 391,989 44,484 2,782,469
Operating expenses and indirect costs of net
revenues ............................... 2,169,289
Income from operations .................... 613,180
Interest and other income, net .................... 137,671
Income before income taxes ..................... $ 750,851
Year Ended December 31, 2008
Marketplaces Payments Communications Consolidated
Net transaction revenues ........................ $4,711,057 $2,320,495 $525,803 $7,557,355
Marketing services and other revenues ............. 875,694 83,174 25,038 983,906
Net revenues from external customers ......... 5,586,751 2,403,669 550,841 8,541,261
Direct costs .................................. 3,135,611 1,922,897 434,588 5,493,096
Direct contribution ........................ 2,451,140 480,772 116,253 3,048,165
Operating expenses and indirect costs of net
revenues ............................... 972,483
Income from operations .................... 2,075,682
Interest and other income, net .................... 107,882
Income before income taxes ..................... $2,183,564
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