10-KPeriod: FY2014

EBAY INC Annual Report, Year Ended Dec 31, 2014

Filed February 6, 2015For Securities:EBAY

Summary

In its 2014 10-K filing, eBay Inc. reported net revenues of $17.9 billion, a 12% increase year-over-year, and operating income of $3.5 billion. A significant development highlighted is the announced plan to separate PayPal into an independent publicly traded company in the second half of 2015. This strategic move aims to unlock value for both businesses by allowing them to focus on their respective growth opportunities and strategies. The company also faced a cyberattack in the second quarter of 2014, impacting its Marketplaces segment, leading to an expense of approximately $46 million and requiring password resets for users.

Financial Statements
Beta
Revenue$8.79B
Cost of Revenue$1.66B
Gross Profit$7.13B
R&D Expenses$983.00M
Operating Expenses$4.65B
Operating Income$2.48B
Interest Expense$109.00M
Net Income$46.00M
EPS (Basic)$0.04
EPS (Diluted)$0.04
Shares Outstanding (Basic)1.25B
Shares Outstanding (Diluted)1.25B

Key Highlights

  • 1Announced plan to separate PayPal into an independent publicly traded company in the second half of 2015.
  • 2Reported net revenues of $17.9 billion for fiscal year 2014, a 12% increase from 2013.
  • 3Experienced a cyberattack in Q2 2014 affecting the Marketplaces segment, resulting in approximately $46 million in expenses and customer credits.
  • 4Marketplaces segment GMV grew by 9% to $82.95 billion, while Payments segment Net TPV increased by 27% to $227.9 billion.
  • 5Operating margin for 2014 was 20%, a slight decrease from 21% in 2013.
  • 6Generated $5.7 billion in cash flow from operations in 2014, an increase from $5.0 billion in 2013.
  • 7Authorized additional stock repurchase programs totaling approximately $3.0 billion as of January 2015.

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