eBay 2012 Annual Report Download - page 118

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Effect of Derivative Contracts on Consolidated Statement of Income
The following table provides the location in our financial statements of the recognized gains or losses related to our derivative
instruments:
Note 9 – Balance Sheet Components
Total depreciation expense on our property and equipment in the years ended December 31, 2012 , 2011 and 2010 totaled $767 million ,
$603 million and $508 million , respectively.
F-25
Year Ended December 31,
2012
2011
2010
(In millions)
Foreign exchange contracts designated as cash flow hedges recognized in net revenues
$
44
$
(26
)
$
11
Foreign exchange contracts designated as cash flow hedges recognized in operating expenses
16
(7
)
—
Foreign exchange contracts not designated as hedging instruments recognized in interest and
other, net
—
(
5
)
(9
)
Other contracts not designated as hedging instruments recognized in interest and other, net
3
(1
)
—
Total gain (loss) recognized from derivative contracts in the consolidated statement of
income
$
63
$
(39
)
$
2
As of December 31,
2012
2011
(In millions)
Other current assets:
Prepaid expenses
$
181
$
169
Income tax receivable
296
3
Deferred tax assets, net
13
48
Interest receivables
66
42
Derivatives
55
112
Other
303
207
$
914
$
581
As of December 31,
2012
2011
(In millions)
Property and equipment, net:
Computer equipment and software
$
4,170
$
3,369
Land and buildings, including building improvements
807
784
Leasehold improvements
413
338
Furniture and fixtures
220
150
Construction in progress and other
347
236
5,957
4,877
Accumulated depreciation
(3,466
)
(2,891
)
$
2,491
$
1,986