Summary
EBAY INC's (EBAY) 10-K filing, specifically Amendment No. 1 filed on May 29, 2024, primarily serves to provide crucial financial statements for its significant equity investee, Adevinta ASA. Investors should note that Adevinta's audited financial statements for the year ended December 31, 2023, along with prior year data, are included as Exhibit 99.01. This is a regulatory requirement due to Adevinta being a significant equity investee under Rule 3-09 of Regulation S-X, a status it held for fiscal years 2023 and 2021, but not 2022. The filing also includes standard certifications from EBAY's CEO and CFO regarding the accuracy and completeness of its financial reporting under the Sarbanes-Oxley Act. While this amendment focuses on the Adevinta disclosures, it's important for investors to recognize that these are the financial statements of an unconsolidated entity that EBAY has a significant stake in, rather than EBAY's primary operating results or financial condition, which would typically be found in the main 10-K filing.
Financial Highlights
56 data points| Revenue | $10.11B |
| Cost of Revenue | $2.83B |
| Gross Profit | $7.28B |
| R&D Expenses | $1.54B |
| Operating Expenses | $5.34B |
| Operating Income | $1.94B |
| Interest Expense | $263.00M |
| Net Income | $2.77B |
| EPS (Basic) | $5.22 |
| EPS (Diluted) | $5.19 |
| Shares Outstanding (Basic) | 530.00M |
| Shares Outstanding (Diluted) | 533.00M |
Key Highlights
- 1EBAY is filing an amendment to its 10-K to include audited financial statements for Adevinta ASA for the fiscal year ended December 31, 2023.
- 2Adevinta is considered a significant equity investee under Rule 3-09 of Regulation S-X for fiscal years 2023 and 2021.
- 3The filing incorporates Adevinta's financial statements for fiscal years 2023 (audited), 2022 (unaudited), and 2021 (audited).
- 4Standard Sarbanes-Oxley certifications (Section 302 and 906) from EBAY's CEO and CFO are included, dated May 28, 2024.
- 5The consent of Ernst & Young AS, the auditor for Adevinta, is filed as Exhibit 23.02.
- 6The filing includes the Cover Page Interactive Data File in Inline XBRL format.
- 7This amendment primarily addresses regulatory disclosure requirements for significant equity investees and does not represent a restatement or primary reporting of EBAY's core operational performance.