eBay 2011 Annual Report Download - page 135

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The following table summarizes the activity in the allowance for loans and interest receivable for the years ended December 31, 2011 and
2010:
Note 20 – Interest and Other, Net
The components of interest and other, net for the years ended December 31, 2011 , 2010 and 2009 are as follows (in thousands):
As a result of previously held non-controlling interests in certain companies we acquired, we recognized a gain on the remeasurement of
our non-controlling interest to fair value upon our acquisition of a controlling interest (see "Note 3 - Business Combinations" included in this
report for additional information). See "Note 3 - Business Combinations" and "Note - 4 Skype Related Transactions" included in this report for
additional information on the loss on a divestiture of a business and gain on the sale of the Skype, respectively. For the years ended December 31,
2011 and 2010, interest expense on borrowings incurred to finance Bill Me Later's portfolio of loan receivables included in cost of net revenues
was $11.2 million and $4.5 million , respectively.
F-41
(In thousands)
Balance as of January 1, 2010
$
50,287
Charge-offs
(85,282
)
Recoveries
6,330
Provision
71,005
Balance as of January 1, 2011
42,340
Charge-offs
(78,420
)
Recoveries
6,747
Provision
87,839
Balance as of December 31, 2011
$
58,506
Year Ended December 31,
2011
2010
2009
Interest income
$
110,753
$
86,740
$
38,410
Interest expense
(25,030
)
(3,596
)
—
Gain on sale of Skype
1,664,079
—
1,449,800
Loss on divestiture of a business
(256,501
)
—
—
Gain on acquisitions
79,082
—
—
Other
(35,826
)
(38,268
)
(65,825
)
$
1,536,557
$
44,876
$
1,422,385