eBay 2015 Annual Report Download - page 93

Download and view the complete annual report

Please find page 93 of the 2015 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 136

  • 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
  • 135
  • 136

eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Enterprise
The financial results of Enterprise are presented as income (loss) from discontinued operations, net of
income taxes on our consolidated statement of income. The following table presents financial results of
Enterprise:
Year Ended December 31,
2015 (1) 2014 2013
Net revenues $ 904 $1,217 $1,150
Cost of net revenues 654 929 848
Gross profit 250 288 302
Operating expenses:
Sales and marketing 95 118 122
Product development 91 138 141
General and administrative 118 62 99
Provision for transaction losses 12 8 4
Amortization of acquired intangible assets 70 140 141
Goodwill impairment 786 — —
Total operating expenses 1,172 466 507
Loss from operations of discontinued operations (922) (178) (205)
Interest and other, net 1 (15) (15)
Pretax loss on disposal of the discontinued operation (35) — —
Loss from discontinued operations before income taxes (956) (193) (220)
Income tax benefit 218 80 83
Loss from discontinued operations, net of income taxes $ (738) $ (113) $ (137)
(1) Includes Enterprise financial results from January 1, 2015 to November 2, 2015.
F-19