eBay 2006 Annual Report Download - page 79

Download and view the complete annual report

Please find page 79 of the 2006 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 114

  • 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

eBay Inc.
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
2004 2005 2006
Year Ended December 31,
(In thousands)
Common stock:
Balance, beginning of year ........................... $ 1,307 $ 1,347 $ 1,412
Common stock issued ............................... 40 65 19
Balance, end of year .............................. 1,347 1,412 1,431
Additional paid-in-capital:
Balance, beginning of year ........................... 3,936,776 4,855,983 7,272,742
Common stock issued ............................... 650,985 1,862,199 331,899
Stock-based compensation ............................ 6,239 107,981 326,616
Stock option income tax benefit ........................ 261,983 446,579 148,565
Reclassification to additional paid-in-capital on adoption of
FAS 123(R) . . . .................................. — — (45,540)
Balance, end of year .............................. 4,855,983 7,272,742 8,034,282
Unearned stock-based compensation:
Balance, beginning of year ........................... (2,008) (4,825) (45,540)
Unearned stock-based compensation, net ................. (4,068) (64,726) —
Amortization of unearned stock-based compensation ........ 1,251 24,011 —
Reclassification to additional paid-in-capital on adoption of
FAS 123(R) . . . .................................. — — 45,540
Balance, end of year .............................. (4,825) (45,540) —
Treasury stock at cost:
Balance, beginning of year ........................... (274) (274) (274)
Common stock repurchased ........................... — — (1,669,154)
Balance, end of year .............................. (274) (274) (1,669,428)
Retained earnings:
Balance, beginning of year ........................... 856,245 1,634,468 2,716,511
Net income ....................................... 778,223 1,082,043 1,125,639
Balance, end of year .............................. 1,634,468 2,716,511 3,842,150
Accumulated other comprehensive income:
Balance, beginning of year ........................... 104,196 241,642 103,130
Change in unrealized gain (loss) on investments, net of tax . . . (5,392) 1,169 5,033
Change in unrealized gain (loss) on cash flow hedges, net of
tax ........................................... 3,315 778 (116)
Foreign currency translation adjustment .................. 139,523 (140,459) 588,150
Balance, end of year .............................. 241,642 103,130 696,197
Total stockholders’ equity .............................. $6,728,341 $10,047,981 $10,904,632
Number of Shares
Common stock:
Balance, beginning of year ............................. 1,298,586 1,338,608 1,404,183
Common stock issued ................................. 40,022 65,575 19,048
Common stock repurchased ............................. — — (54,719)
Balance, end of year .................................. 1,338,608 1,404,183 1,368,512
The accompanying notes are an integral part of these consolidated financial statements.
75