eBay 1999 Annual Report Download - page 52

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eBAY INC.
CONSOLIDATED BALANCE SHEET
(in thousands, except per share amounts)
December 31,
1998 1999
ASSETS
Current assets:
Cash and cash equivalents .......................................... $ 37,285 $219,679
Short-term investments ............................................ 40,401 181,086
Accounts receivable, net ........................................... 12,425 36,538
Other current assets ............................................... 7,479 22,531
Total current assets ............................................ 97,590 459,834
Long-term investments ................................................ — 373,988
Property and equipment, net ............................................ 44,062 111,806
Intangible assets, net .................................................. 3,728 8,812
Deferred tax assets ................................................... — 5,639
Other assets ........................................................ 4,156 3,863
$149,536 $963,942
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ................................................ $ 9,997 $ 31,538
Accrued expenses and other liabilities ................................. 6,577 32,550
Debt and leases, current ............................................ 4,047 12,285
Customer advances and deferred revenue ............................... 973 5,997
Income tax payable ............................................... 1,380 6,455
Deferred tax liabilities, current ....................................... 1,682 —
Total current liabilities ......................................... 24,656 88,825
Debt and leases, long-term ............................................. 18,361 15,018
Environmental accruals ................................................ 5,900 5,900
Other liabilities ...................................................... 81 1,732
48,998 111,475
Commitments and Contingencies (Notes 7 and 10)
Stockholders’ equity:
Preferred Stock, $0.001 par value; 5,000 and 10,000 shares authorized, no shares
issued or outstanding ............................................ — —
Common Stock, $0.001 par value; 195,000 and 900,000 shares authorized, 123,225
and 129,782 shares issued and outstanding ............................ 123 130
Additional paid-in capital ........................................... 87,779 823,750
Notes receivable from stockholders ................................... (1,130) (11)
Unearned compensation ............................................ (4,139) (4,124)
Retained earnings ................................................ 17,905 27,628
Accumulated other comprehensive income .............................. — 5,094
Total stockholders’ equity ....................................... 100,538 852,467
$149,536 $963,942
The accompanying notes are an integral part of these consolidated financial statements.
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