eBay 1999 Annual Report Download - page 48

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attempt to reduce or eliminate its market exposure in these equity investments. As of December 31, 1999, the
position in equity investments included unrealized gains of $13.3 million.
eBay did not hold derivative financial instruments as of December 31, 1999, and has never held such
instruments in the past. In addition, eBay had outstanding debt as of December 31, 1999 of $27.3 million.
Foreign Currency Risk
Currently the majority of eBay’s sales and expenses are denominated in U.S. dollars and as a result the
foreign exchange gains and losses to date have not been significant. While the Company is effecting some
transactions in foreign currencies during 1999, it does not expect that foreign exchange gains or losses will be
significant. As the Company expands internationally, foreign currency risks will become more important.
Item 8: Financial Statements and Supplementary Data
Annual Financial Statements: See Part IV, Item 14 of this Form 10-K.
Selected Quarterly Data: See Part II, Item 7 of this Form 10-K.
Item 9: Changes In and Disagreements with Accountants on Accounting and Financial Disclosure
None.
PART III
Item 10: Directors and Executive Officers of the Registrant
Incorporated by reference to the Company’s Proxy Statement to be filed on or before May 1, 2000.
Item 11: Executive Compensation
Incorporated by reference to the Company’s Proxy Statement to be filed on or before May 1, 2000.
Item 12: Security Ownership of Certain Beneficial Owners and Management
Incorporated by reference to the Company’s Proxy Statement to be filed on or before May 1, 2000.
Item 13: Certain Relationships and Related Transactions
Incorporated by reference to the Company’s Proxy Statement to be filed on or before May 1, 2000.
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