eBay 2010 Annual Report Download - page 117

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Total depreciation expense on our property and equipment in the years ended December 31, 2008, 2009 and
2010 totaled $438.2 million, $473.4 million and $508.4 million, respectively.
As of December 31,
2009 2010
(in thousands)
Accrued expenses and other current liabilities:
Acquisition related accrued expenses .................. $ 9,126 $ 8,266
Advertising ...................................... 118,801 100,314
Compensation and related benefits .................... 280,446 348,497
Contractors and consultants ......................... 60,736 66,216
Liability for unrecognized tax benefits ................. — 208,500
Professional fees .................................. 111,835 147,880
Restructuring ..................................... 10,909 5,984
Transaction loss accrual ............................ 48,575 31,900
VAT accrual ..................................... 111,765 124,943
Other current liabilities ............................. 229,591 301,388
$981,784 $1,343,888
Certain transactions that result in overdrafts of customer accounts are included in the provision for
transaction and loan losses and are recorded as an offset to other current assets. As of December 31, 2009 and
2010, these balances were $49.1 million and $47.8 million, respectively.
As of December 31,
2009 2010
(in thousands)
Accumulated other comprehensive income:
Foreign currency translation ......................... $570,440 $ 394,835
Unrealized gains on investments ..................... 413,754 531,181
Unrealized gains (losses) on cash flow hedges ........... (4,821) 13,560
Estimated tax provision on above items ................ (161,269) (188,262)
$ 818,104 $ 751,314
Note 11 — Restructuring:
2009 Customer Service Consolidation
In 2009, we began the consolidation of certain customer service facilities in North America and Europe to
streamline our operations and deliver better and more efficient customer support to our users. The consolidation
has impacted approximately 1,000 employees. In connection with this consolidation, we estimate that we will
incur approximately $48.0 million of restructuring related charges, primarily employee severance and benefits.
During 2009 and 2010, we incurred restructuring charges of $26.0 million and $21.4 million, respectively, in
connection with this consolidation. As of December 31, 2010, the restructuring activities in connection with this
plan are substantially complete.
112