eBay 2010 Annual Report Download - page 61

ITEM 6: SELECTED FINANCIAL DATA
The following selected consolidated financial data should be read in conjunction with the consolidated
financial statements and notes thereto and “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” appearing elsewhere in this Annual Report on Form 10-K. The consolidated statement of
income data and the consolidated balance sheet data for the years ended, and as of, December 31, 2006, 2007,
2008, 2009 and 2010 are derived from our audited consolidated financial statements.
Year Ended December 31,
2006 2007 (2) 2008 2009 (3) 2010
(In thousands, except per share amounts)
Consolidated Statement of Income Data (1):
Net revenues ............................. $ 5,969,741 $ 7,672,329 $ 8,541,261 $ 8,727,362 $ 9,156,274
Gross profit .............................. 4,712,949 5,909,357 6,313,192 6,247,600 6,591,607
Income from operations .................... 1,422,956 613,180 2,075,682 1,456,766 2,053,571
Income before income taxes ................. 1,547,057 750,851 2,183,564 2,879,151 2,098,447
Net income .............................. 1,125,639 348,251 1,779,474 2,389,097 1,800,961
Net income per share:
Basic ............................... $ 0.80 $ 0.26 $ 1.37 $ 1.85 $ 1.38
Diluted ............................. $ 0.79 $ 0.25 $ 1.36 $ 1.83 $ 1.36
Weighted average shares:
Basic ............................... 1,399,251 1,358,797 1,303,454 1,289,848 1,305,593
Diluted ............................. 1,425,472 1,376,174 1,312,608 1,304,981 1,327,417
As of December 31,
2006 2007 2008 2009 2010
(In thousands)
Consolidated Balance Sheet Data: (1)
Cash and cash equivalents .................. $ 2,662,792 $ 4,221,191 $ 3,188,928 $ 3,999,818 $ 5,577,411
Short-term investments ..................... 554,841 676,264 163,734 943,986 1,045,403
Long-term investments ..................... 277,853 138,237 106,178 1,381,765 2,492,012
Working capital (4) ........................ 2,452,191 4,022,926 2,581,503 4,818,240 6,548,824
Total assets .............................. 13,494,011 15,366,037 15,592,439 18,408,320 22,003,762
Short-term debt ........................... — 200,000 1,000,000 — 300,000
Long-term debt ........................... ————1,494,227
Total stockholders’ equity .................. 10,904,632 11,704,602 11,083,858 13,787,648 15,302,179
(1) Includes the impact of acquisitions as well as the impact from the disposition of Skype on November 19,
2009, except to the extent that our retained equity stake of approximately 30% in Skype’s results of
operations is included in interest and other income (expense), net in our Consolidated Statement of Income
and long-term investments in our Consolidated Balance Sheet for periods and as of dates subsequent to the
date of sale. For a summary of recent significant acquisitions and the sale of Skype, please see “Note 3 —
Business Combinations” and “Note 4 — Skype Related Transactions” to the consolidated financial
statements included in this report.
(2) The Consolidated Statement of Income for the year ended December 31, 2007 includes a goodwill
impairment charge of $1.4 billion.
(3) The Consolidated Statement of Income for the year ended December 31, 2009 includes a $343.2 million
charge related to the settlement of a lawsuit between Skype, Joltid and entities controlled by Joltid’s
founders and a $1.4 billion gain on the sale of Skype. See “Note 4 — Skype Related Transactions” to the
consolidated financial statements included in this report.
(4) Working capital is calculated as the difference between total current assets and total current liabilities.
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