eBay 2007 Annual Report Download - page 107

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2006 2007
December 31,
(in thousands)
Property and equipment, net:
Computer equipment and software ........................... $1,274,282 $ 1,651,134
Land and buildings, including building improvements ............ 355,222 399,948
Leasehold improvements .................................. 197,835 237,822
Furniture and fixtures .................................... 77,915 90,800
Aviation equipment and other .............................. 40,836 52,202
1,946,090 2,431,906
Accumulated depreciation ................................. (947,894) (1,311,454)
$ 998,196 $ 1,120,452
During the years ended December 31, 2006 and 2007, we capitalized $79.6 million and $110.6 million of
software development costs, respectively, the majority of which relates to site and other product development
efforts. Total depreciation expense on our property and equipment was $240.6 million in 2005, $324.6 million in
2006 and $372.5 million in 2007.
2006 2007
December 31,
(in thousands)
Accrued expenses and other current liabilities:
Acquisition related accrued expenses ........................... $ 11,092 $ 10,219
Compensation and related benefits............................. 162,889 221,514
Advertising.............................................. 97,416 104,817
Contractors and consultants .................................. 59,371 77,401
Professional fees .......................................... 62,940 70,507
PayPal transaction loss accrual ............................... 32,140 28,506
VAT accrual ............................................. 61,653 68,542
Borrowings from credit agreement ............................. 200,220
Deferred tax liabilities, net .................................. 150,080
Other current liabilities ..................................... 194,168 219,333
$681,669 $1,151,139
97
eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)