eBay 2004 Annual Report Download - page 128

Download and view the complete annual report

Please find page 128 of the 2004 eBay annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 134

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134

eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
In January 2005, our Board of Directors approved a two-for-one split of our shares of common stock to be
issued in the form of a stock dividend. As a result of the stock split, our stockholders received one additional
share of our common stock for each share of common stock held of record on January 31, 2005. The
additional shares of our common stock were distributed on February 16, 2005. All share and per share
amounts in these consolidated Ñnancial statements and related notes have been adjusted to reÖect the stock
split for all periods presented.
Supplementary Data Ì Quarterly Financial Data-Unaudited:
The following tables present certain unaudited consolidated quarterly Ñnancial information for each of the
12 quarters ended December 31, 2004. This quarterly information has been prepared on the same basis as the
Consolidated Financial Statements and includes all adjustments necessary to state fairly the information for
the periods presented. The results of operations for any quarter are not necessarily indicative of results for the
full year or for any future period. All share and per share amounts included in the following consolidated
Ñnancial data have been adjusted to reÖect all previous stock splits, including our two-for-one stock split,
eÅective February 16, 2005.
Quarterly Financial Data
(Unaudited, in thousands, except per share amounts)
Quarter Ended
March 31 June 30 September 30 December 31
2002
Net revenues ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 245,106 $ 266,287 $ 288,779 $ 413,928
Gross proÑt ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 203,829 $ 221,726 $ 243,405 $ 331,264
Net income ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 47,584 $ 54,308 $ 61,003 $ 86,996
Net income per share-basic ÏÏÏÏÏÏÏÏÏÏÏÏ $ 0.04 $ 0.05 $ 0.05 $ 0.07
Net income per share-diluted ÏÏÏÏÏÏÏÏÏÏ $ 0.04 $ 0.05 $ 0.05 $ 0.07
Weighted-average shares:
Basic ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,113,328 1,122,828 1,129,068 1,234,576
Diluted ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,139,564 1,141,664 1,146,364 1,257,580
126