Summary
This 10-K filing from eBay Inc. (EBAY), filed on May 10, 2022, primarily focuses on the supplementary materials and exhibits related to the annual report. A significant aspect highlighted is the inclusion of the audited consolidated financial statements of Adevinta ASA as Exhibit 99.01. Adevinta was deemed a significant equity investee, necessitating the provision of its financial statements under Rule 3-09 of Regulation S-X. Investors should note that this filing primarily serves as an amendment or supplement to the core 10-K, providing essential supporting documentation rather than the complete primary financial disclosures. The filing also includes standard certifications from eBay's CEO and CFO, as well as the Interactive Data File.
Financial Highlights
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Financial Statements
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| Revenue | $10.42B |
| Cost of Revenue | $2.65B |
| Gross Profit | $7.77B |
| R&D Expenses | $1.32B |
| Operating Expenses | $4.85B |
| Operating Income | $2.92B |
| Interest Expense | $269.00M |
| Net Income | $13.61B |
| EPS (Basic) | $20.87 |
| EPS (Diluted) | $20.54 |
| Shares Outstanding (Basic) | 652.00M |
| Shares Outstanding (Diluted) | 663.00M |
Key Highlights
- 1Inclusion of Adevinta ASA's audited consolidated financial statements for the years ended December 31, 2021, and 2020, as Exhibit 99.01.
- 2Adevinta ASA is identified as a significant equity investee requiring financial statement disclosure under Rule 3-09 of Regulation S-X.
- 3Filing includes CEO and CFO certifications under Section 302 of the Sarbanes-Oxley Act, dated May 10, 2022.
- 4Filing includes CEO and CFO certifications under Section 906 of the Sarbanes-Oxley Act, dated May 10, 2022.
- 5Consent of Ernst & Young AS related to Exhibit 99.01 is provided.
- 6The filing contains the Cover Page Interactive Data File, formatted as Inline XBRL.
Frequently Asked Questions
This filing amendment's primary purpose is to provide supplementary information, most notably the audited consolidated financial statements of Adevinta ASA, a significant equity investee, as required by SEC regulations. It also includes various certifications and the Interactive Data File.
Adevinta ASA is considered a significant equity investee of eBay Inc. As such, SEC Rule 3-09 of Regulation S-X requires the company to file the financial statements of this investee when it meets certain significance thresholds.
This filing is largely an exhibit and amendment. For eBay's comprehensive financial performance, management's discussion and analysis, and a full overview of the business, investors should refer to the initial Form 10-K filing for the fiscal year ended December 31, 2021, and any subsequent amendments that contain the primary financial statements and narrative disclosures.