8-KOther Events

EBAY INC 8-K Report (Apr 22, 2003)

Filed April 22, 2003For Securities:EBAY

Summary

This 8-K filing from eBay Inc. on April 22, 2003, primarily serves to disclose the company's financial results for the first quarter ended March 31, 2003. The filing attaches a press release that includes both GAAP and non-GAAP financial measures, offering investors a detailed look at the company's performance during the period. eBay emphasizes the importance of these non-GAAP measures for a clearer understanding of core operating results and historical consistency. The press release also contains forward-looking statements regarding eBay's anticipated performance throughout 2003. Investors are directed to refer to eBay's previous SEC filings, including its 2002 10-K and the upcoming 2003 Q1 10-Q, for a more comprehensive discussion of risk factors and management's analysis of financial condition and results of operations.

Key Highlights

  • 1eBay Inc. announced its financial results for the fiscal quarter ended March 31, 2003.
  • 2The filing includes a press release (Exhibit 99.1) containing detailed financial information for Q1 2003.
  • 3Both GAAP and non-GAAP financial measures are provided to enhance investor understanding of performance.
  • 4Non-GAAP measures are used to exclude certain expenses, gains, and losses to better reflect core operating results.
  • 5The press release contains forward-looking statements related to eBay's performance expectations for the full year 2003.
  • 6Investors are advised to consult previous and upcoming SEC filings for a more in-depth analysis of financial condition and risks.
  • 7This report is furnished under Regulation FD Disclosure (Item 9) and is not considered 'filed' for purposes of the Securities Exchange Act of 1934.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly announce and disclose eBay Inc.'s financial results for the first fiscal quarter ended March 31, 2003, as required by Regulation FD.

The attached press release (Exhibit 99.1) provides financial information for the quarter ended March 31, 2003, including both measures calculated in accordance with Generally Accepted Accounting Principles (GAAP) and non-GAAP measures. Non-GAAP measures are adjusted to exclude certain items to provide a clearer view of core operating performance.

Investors are directed to refer to eBay's Annual Report on Form 10-K for the fiscal year ended December 31, 2002, and eBay's upcoming Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2003, for a more thorough discussion of risk factors and management's analysis of financial condition and results of operations.

No, eBay states that these non-GAAP measures should be considered in addition to, but not as a substitute for or superior to, results prepared in accordance with GAAP. They are provided to enhance the user's overall understanding of current financial performance and future prospects.