eBay 2011 Annual Report Download - page 118

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Effect of Derivative Contracts on Consolidated Statement of Income
The following table provides the location in our financial statements of the recognized gains or losses related to our derivative instruments:
Note 10 - Balance Sheet Components
Total depreciation expense on our property and equipment in the years ended December 31, 2011 , 2010 and 2009 totaled $602.8 million ,
$508.4 million and $473.4 million , respectively.
F-26
Year Ended December 31,
2011
2010
2009
(In thousands)
Foreign exchange contracts designated as cash flow hedges recognized in net revenues
$
(25,863
)
$
11,135
$
15,430
Foreign exchange contracts designated as cash flow hedges recognized in operating expenses
(7,062
)
—
—
Foreign exchange contracts not designated as hedging instruments recognized in interest and
other, net
(5,365
)
(9,345
)
(28,933
)
Other contracts not designated as hedging instruments recognized in interest and other, net
(569
)
—
—
Total gain (loss) recognized from derivative contracts in the consolidated statement of
income
$
(38,859
)
$
1,790
$
(13,503
)
As of December 31,
2011
2010
(In thousands)
Other current assets:
Prepaid expenses
$
169,491
$
115,476
Income tax receivable
2,603
172,869
Deferred tax assets, net
47,968
39,338
Interest receivables
42,061
23,182
Derivatives
111,628
37,196
Other
207,685
93,177
$
581,436
$
481,238
As of December 31,
2011
2010
(In thousands)
Property and equipment, net:
Computer equipment and software
$
3,369,012
$
2,729,736
Land and buildings, including building improvements
783,891
688,282
Leasehold improvements
338,501
288,912
Furniture and fixtures
149,633
115,588
Construction in progress and other
235,745
140,263
4,876,782
3,962,781
Accumulated depreciation
(2,890,566
)
(2,439,448
)
$
1,986,216
$
1,523,333