01—Abstract
Summary
Summary of the 10-K/A filed February 22, 2016. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment to eBay Inc.'s 2015 Annual Report (10-K) primarily to correct a numerical error in the computation of the ratio of earnings to fixed charges for the year ended December 31, 2015, and to re-file the exhibit containing this computation for the past five years.
The amendment does not update any other information from the original filing or reflect events post-December 31, 2015. Investors should note that the core financial and operational data presented in the original 10-K remains relevant, with this amendment focused solely on a specific financial ratio calculation. For investors reviewing this filing, the key takeaway is the confirmation of the previously reported financial performance for 2015, with the amendment serving a technical purpose.
The company's leadership, including CEO Devin N. Wenig and CFO Scott F.
Schenkel, have signed off on this amendment, reinforcing the accuracy of the reported figures. While this amendment is procedural, it highlights the company's commitment to accurate financial reporting.
02—Key points
Key Highlights
- Amendment to 2015 10-K filed on February 22, 2016, to correct a computational error in the ratio of earnings to fixed charges for the year ended December 31, 2015.
- The amendment re-files Exhibit 12.01, providing the computation of the ratio of earnings to fixed charges for the five years ended December 31, 2015.
- No other financial or operational information from the original 10-K is amended or updated; this filing pertains solely to the ratio calculation.
- The original 10-K filing date was February 1, 2016.
- eBay Inc. is classified as a large accelerated filer.
- The filing confirms the company's common stock is registered on The Nasdaq Global Select Market.
- CEO Devin N. Wenig and CFO Scott F. Schenkel signed the amendment, confirming their attestations.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2015, eBay Inc kept $0.20.
- Revenue$8.59B100.0%
- Cost of revenue−$1.77B20.6%
- Gross profit$6.82B79.4%
- Operating costs−$4.62B53.8%
- Operating income$2.20B25.6%
- Interest, other & tax−$472.0M5.5%
- Net income$1.73B20.1%
Where FY2015 revenue went
$8.59B- Other operating costs: $3.70B, 43% of revenue
- Cost of revenue: $1.77B, 21% of revenue
- Net income: $1.73B, 20% of revenue
- R&D: $923.0M, 11% of revenue
- Interest, other & tax: $472.0M, 5.5% of revenue
Kept 20% as net income
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2015filed February 22, 2016Financial Statements
FY2015 against FY2014
| Line item | FY2015FY2014 | Change |
|---|---|---|
| Revenue | $8.59B$8.79B | −2.3% |
| Cost of Revenue | $1.77B$1.66B | +6.5% |
| Gross Profit | $6.82B$7.13B | −4.3% |
| R&D Expenses | $923.00M$983.00M | −6.1% |
| Operating Expenses | $4.62B$4.65B | −0.6% |
| Operating Income | $2.20B$2.48B | −11.3% |
| Interest Expense | $144.00M$109.00M | +32.1% |
| Net Income | $1.73B$46.00M | +3650.0% |
| EPS (Basic) | $1.43$0.04 | +3475.0% |
| EPS (Diluted) | $1.42$0.04 | +3450.0% |
| Shares Outstanding (Basic) | 1.21B1.25B | −3.4% |
| Shares Outstanding (Diluted) | 1.22B1.25B | −2.5% |
05—Questions
Frequently Asked Questions
What is the primary reason for this Amendment No. 1 to the 10-K filing?
The primary reason for this amendment is to correct a numerical error in the computation of the ratio of earnings to fixed charges for the fiscal year ended December 31, 2015, and to re-file the exhibit that presents this computation for the past five years (ended December 31, 2015).
Does this amendment change eBay's financial results or business operations for 2015?
No, this amendment does not change any financial results or business operations. It is a technical correction solely related to the calculation of the ratio of earnings to fixed charges and does not update any other information from the original 10-K filing.
When was the original 10-K filed, and what period does it cover?
The original 10-K filing was on February 1, 2016, and it covered the fiscal year ended December 31, 2015. This amendment was filed on February 22, 2016.
What does the 'ratio of earnings to fixed charges' represent?
The ratio of earnings to fixed charges is a financial metric used to assess a company's ability to meet its fixed financing obligations, such as interest expenses and other fixed charges. A higher ratio generally indicates a stronger ability to cover these obligations.
06—Continue