eBay 1999 Annual Report Download - page 51

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REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and
Stockholders of eBay Inc.
In our opinion, the accompanying consolidated balance sheet and the related consolidated statements of
income, comprehensive income, stockholders’ equity and of cash flows present fairly, in all material respects,
the financial position of eBay Inc. and its subsidiaries at December 31, 1998 and 1999, and the results of their
operations and their cash flows for each of the three years in the period ended December 31, 1999, in conformity
with accounting principles generally accepted in the United States. These financial statements are the
responsibility of the Company’s management; our responsibility is to express an opinion on these financial
statements based on our audits. We conducted our audits of these statements in accordance with auditing
standards generally accepted in the United States, which require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing
the accounting principles used and significant estimates made by management, and evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed
above.
P
RICEWATERHOUSE
C
OOPERS
LLP
San Jose, California
January 25, 2000, except for Note 16,
which is as of March 6, 2000
46