EBAY INC Annual Report, Year Ended Dec 31, 2013

eBay Inc.'s 2013 Form 10-K filing showcases a year of robust growth, with net revenues reaching $16.0 billion, a 14% increase over the prior year. This growth was propelled by strong performance across all three reportable segments: Marketplaces, Payments (driven by PayPal), and Enterprise. The company achieved an operating margin of 21% for both 2013 and 2012, demonstrating consistent profitability. Diluted earnings per share saw an increase to $2.18, up from $1.99 in 2012, primarily attributed to revenue growth, though partially offset by a higher effective tax rate. Cash flow from operations was particularly strong, generating approximately $5.0 billion in 2013, a significant increase from $3.8 billion in 2012, indicating healthy operational cash generation. The company also actively managed its capital structure, repurchasing approximately $1.3 billion of its common stock during 2013 and authorizing an additional $5 billion repurchase program in January 2014, signaling confidence in its financial position and a commitment to returning value to shareholders. Investors should note the continued expansion of mobile commerce, with over $22 billion transacted across eBay's platforms in 2013, representing over 70% growth year-over-year.