eBay 2010 Annual Report Download - page 60

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(1) In January 2008, our Board of Directors authorized a stock repurchase program that provides for the
repurchase of up to $2.0 billion of our common stock, with no expiration from the date of authorization. In
September 2010, our Board authorized an additional stock repurchase program that provides for the
repurchase of up to an additional $2.0 billion of our common stock, with no expiration from the date of
authorization, for the purpose of offsetting the impact of dilution from our equity compensation programs.
During the year ended December 31, 2010, we repurchased approximately $712.8 million of our common
stock under these stock repurchase programs. As of December 31, 2010, $1.9 billion remained for further
repurchases of our common stock under our $2.0 billion stock repurchase program approved in September
2010. Our stock repurchase program may be limited or terminated at any time without prior notice, and the
timing and actual number of shares repurchased depends on a variety of factors, including corporate and
regulatory requirements, price, other market conditions and management’s determination as to the
appropriate use of our cash.
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