eBay 2007 Annual Report Download - page 103

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technology and facilities expenses, transaction expenses, provisions for doubtful accounts, authorized credits and
transaction losses. Segment managers do not have discretionary control over expenses such as our corporate center
costs (consisting of certain costs such as corporate management, human resources, finance and legal), amortization
of intangible assets, stock-based compensation expenses and impairment of goodwill, as they are not evaluated in
the measurement of segment performance.
The following tables summarize the allocation of net revenues and the long-lived assets based on geography
(in thousands):
2005 2006 2007
December 31,
U.S......................................... $2,471,273 $3,108,986 $3,742,674
Germany ..................................... 718,137 895,993 1,030,165
United Kingdom ............................... 593,423 778,185 1,074,486
Rest of world.................................. 769,568 1,186,577 1,825,004
Total net revenues ............................ $4,552,401 $5,969,741 $7,672,329
2006 2007
December 31,
U.S.................................................... $ 917,887 $1,018,645
International ............................................. 100,430 142,537
Total long-lived tangible assets .............................. $1,018,317 $1,161,182
Net revenues attributed to the U.S. and international geographies are based upon the country in which the
seller, payment recipient, advertiser or end-to-end service provider is located, as the case may be. Long-lived assets
attributed to the U.S. and international geographies are based upon the country in which the asset is located or
owned.
Note 5 — Investments:
At December 31, 2006 and 2007, short and long-term investments were classified as available-for-sale
securities, except for restricted cash, and are reported at fair value as follows (in thousands):
Gross
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
December 31, 2006
Short-term investments:
Restricted cash ......................... $ 12,684 $ 54 $ — $ 12,738
Corporate debt securities .................. 433,192 36 (640) 432,588
Government and agency securities ........... 109,652 1 (138) 109,515
$555,528 $ 91 $(778) $554,841
Long-term investments:
Restricted cash ......................... $ 2,045 $ — $ — $ 2,045
Corporate debt securities .................. 210,159 158 — 210,317
$212,204 $158 $ — $212,362
93
eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)