eBay 2000 Annual Report Download - page 57

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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 sheets and the related consolidated statements of
income, comprehensive income, stockholders' equity and of cash Öows present fairly, in all material respects,
the Ñnancial position of eBay Inc. and its subsidiaries (""the Company'') at December 31, 1999 and 2000, and
the results of their operations and their cash Öows for each of the three years in the period ended
December 31, 2000, in conformity with accounting principles generally accepted in the United States of
America. These Ñnancial statements are the responsibility of the Company's management; our responsibility is
to express an opinion on these Ñnancial statements based on our audits. We conducted our audits of these
statements in accordance with auditing standards generally accepted in the United States of America, which
require that we plan and perform the audit to obtain reasonable assurance about whether the Ñnancial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the Ñnancial statements, assessing the accounting principles used
and signiÑcant estimates made by management and evaluating the overall Ñnancial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
San Jose, California
January 18, 2001
52