2012 Q3 Form 10-Q Financial Statement

#000106508812000143 Filed on October 19, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3
Revenue $3.404B $2.966B
YoY Change 14.78% 31.84%
Cost Of Revenue $1.022B $920.0M
YoY Change 11.09% 43.69%
Gross Profit $2.382B $2.046B
YoY Change 16.42% 27.14%
Gross Profit Margin 69.98% 68.99%
Selling, General & Admin $1.095B $959.0M
YoY Change 14.18% 28.67%
% of Gross Profit 45.97% 46.87%
Research & Development $389.0M $319.0M
YoY Change 21.94% 40.65%
% of Gross Profit 16.33% 15.59%
Depreciation & Amortization $311.0M $266.7M
YoY Change 16.61% 37.19%
% of Gross Profit 13.06% 13.04%
Operating Expenses $1.715B $1.509B
YoY Change 13.65% 34.85%
Operating Profit $667.0M $537.0M
YoY Change 24.21% 9.55%
Interest Expense $5.000M $78.70M
YoY Change -93.65% 193.66%
% of Operating Profit 0.75% 14.66%
Other Income/Expense, Net
YoY Change
Pretax Income $672.0M $616.0M
YoY Change 9.09% 19.15%
Income Tax $75.00M $125.0M
% Of Pretax Income 11.16% 20.29%
Net Earnings $597.0M $491.0M
YoY Change 21.59% 13.68%
Net Earnings / Revenue 17.54% 16.56%
Basic Earnings Per Share $0.46 $0.38
Diluted Earnings Per Share $0.45 $0.37
COMMON SHARES
Basic Shares Outstanding 1.292B shares 1.290B shares
Diluted Shares Outstanding 1.314B shares 1.309B shares

Balance Sheet

Concept 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.119B $4.013B
YoY Change 127.24% -25.17%
Cash & Equivalents $7.331B $2.999B
Short-Term Investments $1.788B $1.014B
Other Short-Term Assets $982.0M $671.8M
YoY Change 46.18% 44.85%
Inventory
Prepaid Expenses
Receivables $694.0M $595.7M
Other Receivables $6.599B $4.482B
Total Short-Term Assets $17.41B $9.762B
YoY Change 78.34% 3.26%
LONG-TERM ASSETS
Property, Plant & Equipment $2.393B $1.859B
YoY Change 28.71% 26.82%
Goodwill $8.492B $8.342B
YoY Change 1.8% 36.27%
Intangibles
YoY Change
Long-Term Investments $2.500B $3.019B
YoY Change -17.19% 43.69%
Other Assets $473.0M $465.8M
YoY Change 1.55% 113.59%
Total Long-Term Assets $15.09B $15.14B
YoY Change -0.31% 44.26%
TOTAL ASSETS
Total Short-Term Assets $17.41B $9.762B
Total Long-Term Assets $15.09B $15.14B
Total Assets $32.50B $24.90B
YoY Change 30.53% 24.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $271.0M $269.0M
YoY Change 0.73% 131.7%
Accrued Expenses $1.776B $1.428B
YoY Change 24.37% 35.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.016B
YoY Change -100.0%
Long-Term Debt Due $12.00M $1.016B
YoY Change -98.82%
Total Short-Term Liabilities $7.061B $6.145B
YoY Change 14.9% 61.34%
LONG-TERM LIABILITIES
Long-Term Debt $4.506B $1.528B
YoY Change 194.86%
Other Long-Term Liabilities $77.00M $56.17M
YoY Change 37.09% 11.89%
Total Long-Term Liabilities $77.00M $1.584B
YoY Change -95.14% 3055.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.061B $6.145B
Total Long-Term Liabilities $77.00M $1.584B
Total Liabilities $12.59B $8.735B
YoY Change 44.12% 77.76%
SHAREHOLDERS EQUITY
Retained Earnings $15.25B $11.41B
YoY Change 33.64% 18.84%
Common Stock $2.000M $1.531M
YoY Change 30.63% 1.73%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.797B $6.906B
YoY Change 12.91% 21.62%
Treasury Stock Shares 266.0M shares 240.7M shares
Shareholders Equity $19.91B $16.17B
YoY Change
Total Liabilities & Shareholders Equity $32.50B $24.90B
YoY Change 30.53% 24.83%

Cashflow Statement

Concept 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $597.0M $491.0M
YoY Change 21.59% 13.68%
Depreciation, Depletion And Amortization $311.0M $266.7M
YoY Change 16.61% 37.19%
Cash From Operating Activities $1.154B $809.1M
YoY Change 42.63% 8.28%
INVESTING ACTIVITIES
Capital Expenditures -$362.0M -$283.5M
YoY Change 27.69% 69.86%
Acquisitions
YoY Change
Other Investing Activities -$68.00M -$679.7M
YoY Change -90.0% 75.14%
Cash From Investing Activities -$430.0M -$963.3M
YoY Change -55.36% 73.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.516B -24.20M
YoY Change -10496.69% -92.18%
NET CHANGE
Cash From Operating Activities 1.154B 809.1M
Cash From Investing Activities -430.0M -963.3M
Cash From Financing Activities 2.516B -24.20M
Net Change In Cash 3.240B -178.4M
YoY Change -1916.14% 51.96%
FREE CASH FLOW
Cash From Operating Activities $1.154B $809.1M
Capital Expenditures -$362.0M -$283.5M
Free Cash Flow $1.516B $1.093B
YoY Change 38.75% 19.53%

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us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Repayments Of Assumed Debt
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us-gaap Repayments Of Assumed Debt
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us-gaap Research And Development Expense
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us-gaap Research And Development Expense
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us-gaap Sales Revenue Net
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us-gaap Sales Revenue Net
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us-gaap Selling And Marketing Expense
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CY2011Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.000
CY2011Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.38
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.38
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.40
CY2011Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.39
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0048
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0071
CY2011Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0100
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0122
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P4Y
CY2011Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P3Y8M12D
CY2012Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y9M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y9M18D
CY2011Q4 us-gaap Short Term Investments
ShortTermInvestments
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CY2012Q3 us-gaap Short Term Investments
ShortTermInvestments
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us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
2240000000 USD
CY2011 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
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CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
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StockholdersEquity
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CY2012Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
63000000 USD
CY2011Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
298000000 USD
CY2011 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
31.55
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
33.55
CY2012Q3 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
52000000 shares
CY2011Q4 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
35000000 shares
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2012Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
7155000000 USD
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TreasuryStockValue
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CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
286000000 USD
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UnrecognizedTaxBenefits
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us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
8000000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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1000000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2012Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
12000000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
44000000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of estimates </font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of condensed consolidated financial statements in conformity with U.S.&#160;generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, we evaluate our estimates, including those related to provisions for transaction and loan losses, legal contingencies, income taxes, revenue recognition, stock-based compensation, goodwill and the recoverability intangible assets. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results could differ from those estimates.</font></div></div>
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
20000000 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
22000000 shares
CY2011Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
19000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
20000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1311000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1311000000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1314000000 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1309000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1291000000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1292000000 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1290000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1291000000 shares
ebay Common Stock Options Assumed Pursuant To Acquisition
CommonStockOptionsAssumedPursuantToAcquisition
25000000 USD
ebay Common Stock Options Assumed Pursuant To Acquisition
CommonStockOptionsAssumedPursuantToAcquisition
0 USD
CY2012Q3 ebay Consumer Fico Credit Score At Prime
ConsumerFicoCreditScoreAtPrime
680 Credit_score
CY2011Q4 ebay Consumer Fico Credit Score At Prime
ConsumerFicoCreditScoreAtPrime
680 Credit_score
CY2011Q3 ebay Consumer Loans Receivable Purchased Gross
ConsumerLoansReceivablePurchasedGross
566000000 USD
ebay Consumer Loans Receivable Purchased Gross
ConsumerLoansReceivablePurchasedGross
1500000000 USD
ebay Consumer Loans Receivable Purchased Gross
ConsumerLoansReceivablePurchasedGross
2100000000 USD
CY2012Q3 ebay Consumer Loans Receivable Purchased Gross
ConsumerLoansReceivablePurchasedGross
775000000 USD
CY2012Q3 ebay Equity Method Investment Goodwill
EquityMethodInvestmentGoodwill
27000000 USD
CY2011Q4 ebay Equity Method Investment Goodwill
EquityMethodInvestmentGoodwill
27000000 USD
CY2012Q3 ebay Funds Payable And Amounts Due To Customers
FundsPayableAndAmountsDueToCustomers
4807000000 USD
CY2011Q4 ebay Funds Payable And Amounts Due To Customers
FundsPayableAndAmountsDueToCustomers
3968000000 USD
CY2012Q3 ebay Funds Receivable And Customer Accounts
FundsReceivableAndCustomerAccounts
4807000000 USD
CY2011Q4 ebay Funds Receivable And Customer Accounts
FundsReceivableAndCustomerAccounts
3968000000 USD
CY2011Q3 ebay Gain Loss On Divestitures
GainLossOnDivestitures
0 USD
CY2012Q3 ebay Gain Loss On Divestitures
GainLossOnDivestitures
0 USD
ebay Gain Loss On Divestitures
GainLossOnDivestitures
-256000000 USD
ebay Gain Loss On Divestitures
GainLossOnDivestitures
118000000 USD
CY2011Q4 ebay Goodwill Including Equity Investments
GoodwillIncludingEquityInvestments
8392000000 USD
CY2012Q3 ebay Goodwill Including Equity Investments
GoodwillIncludingEquityInvestments
8519000000 USD
ebay Interest And Other Net
InterestAndOtherNet
74000000 USD
CY2011Q3 ebay Interest And Other Net
InterestAndOtherNet
79000000 USD
ebay Interest And Other Net
InterestAndOtherNet
111000000 USD
CY2012Q3 ebay Interest And Other Net
InterestAndOtherNet
5000000 USD
ebay Net Change In Funds Payable
NetChangeInFundsPayable
696000000 USD
ebay Net Change In Funds Payable
NetChangeInFundsPayable
839000000 USD
ebay Net Change In Funds Receivable
NetChangeInFundsReceivable
839000000 USD
ebay Net Change In Funds Receivable
NetChangeInFundsReceivable
696000000 USD
CY2011Q4 ebay Noncurrent Deferred And Uncertain Tax Liabilities
NoncurrentDeferredAndUncertainTaxLiabilities
1073000000 USD
CY2012Q3 ebay Noncurrent Deferred And Uncertain Tax Liabilities
NoncurrentDeferredAndUncertainTaxLiabilities
945000000 USD
ebay Number Of Cash Pooling Arrangements
NumberOfCashPoolingArrangements
2 arrangements
ebay Number Of Cities In Which Company Has Presence Approximate
NumberOfCitiesInWhichCompanyHasPresenceApproximate
1000 cities
ebay Payment For Tax Withholding Related To Vested And Released Restricted Stock Units
PaymentForTaxWithholdingRelatedToVestedAndReleasedRestrictedStockUnits
152000000 USD
ebay Payment For Tax Withholding Related To Vested And Released Restricted Stock Units
PaymentForTaxWithholdingRelatedToVestedAndReleasedRestrictedStockUnits
130000000 USD
CY2012Q3 ebay Percentage Of Loans And Interest Receivable Current
PercentageOfLoansAndInterestReceivableCurrent
0.89
CY2011Q4 ebay Percentage Of Loans And Interest Receivable Prime
PercentageOfLoansAndInterestReceivablePrime
0.593
CY2012Q3 ebay Percentage Of Loans And Interest Receivable Prime
PercentageOfLoansAndInterestReceivablePrime
0.566
ebay Percentage Of Non Us Subsidiaries Undistributed Earnings Subjected To Us Income And Foreign Taxes
PercentageOfNonUsSubsidiariesUndistributedEarningsSubjectedToUsIncomeAndForeignTaxes
0.15
CY2012Q3 ebay Percentage Of Non Us Subsidiaries Undistributed Earnings Subjected To Us Income And Foreign Taxes
PercentageOfNonUsSubsidiariesUndistributedEarningsSubjectedToUsIncomeAndForeignTaxes
0.15
CY2012Q3 ebay Pooling Arrangement Deposits
PoolingArrangementDeposits
5000000000 USD
CY2012Q3 ebay Pooling Arrangement Withdrawals
PoolingArrangementWithdrawals
5000000000 USD
CY2011Q3 ebay Provision For Transaction And Loan Losses
ProvisionForTransactionAndLoanLosses
146000000 USD
ebay Provision For Transaction And Loan Losses
ProvisionForTransactionAndLoanLosses
413000000 USD
CY2012Q3 ebay Provision For Transaction And Loan Losses
ProvisionForTransactionAndLoanLosses
148000000 USD
ebay Provision For Transaction And Loan Losses
ProvisionForTransactionAndLoanLosses
372000000 USD
CY2011Q4 ebay Treasury Stock Value Of Shares Repurchased
TreasuryStockValueOfSharesRepurchased
1119000000 USD
CY2012Q3 ebay Treasury Stock Value Of Shares Repurchased
TreasuryStockValueOfSharesRepurchased
1760000000 USD
CY2011Q4 ebay Weighted Average Consumer Fico Score
WeightedAverageConsumerFicoScore
692 Credit_score
CY2012Q3 ebay Weighted Average Consumer Fico Score
WeightedAverageConsumerFicoScore
691 Credit_score
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001065088
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
1293985406 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
EBAY INC
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
dei Trading Symbol
TradingSymbol
EBAY

Files In Submission

Name View Source Status
0001065088-12-000143-index-headers.html Edgar Link pending
0001065088-12-000143-index.html Edgar Link pending
0001065088-12-000143.txt Edgar Link pending
0001065088-12-000143-xbrl.zip Edgar Link pending
ebay-20120930.xml Edgar Link completed
ebay-20120930.xsd Edgar Link pending
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ebay-20120930_def.xml Edgar Link unprocessable
ebay-20120930_lab.xml Edgar Link unprocessable
ebay-20120930_pre.xml Edgar Link unprocessable
ebay2012q3_10q.htm Edgar Link pending
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