8-KEarnings & ResultsExhibits & Filings

EBAY INC 8-K Report, Financial Results (Apr 19, 2006)

Filed April 19, 2006For Securities:EBAY

Summary

eBay Inc. (EBAY) filed an 8-K on April 19, 2006, to announce its financial results for the first quarter ended March 31, 2006. The report primarily serves as a vehicle to attach a press release containing these results, which includes both GAAP and non-GAAP financial measures. The company emphasized the use of non-GAAP measures, such as non-GAAP net income and earnings per diluted share, to provide a clearer comparison to prior periods, particularly in light of the adoption of FAS 123(R) impacting stock-based compensation expenses. Investors should note that this filing is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act, meaning it has a limited impact on SEC liability. The press release attached as Exhibit 99.1 contains forward-looking statements regarding the remainder of fiscal year 2006, and investors are directed to eBay's Form 10-K and upcoming 10-Q filings for a more comprehensive discussion of risks and financial condition.

Key Highlights

  • 1eBay Inc. announced its Q1 2006 financial results on April 19, 2006, via an 8-K filing.
  • 2The filing primarily serves to furnish a press release (Exhibit 99.1) detailing the company's performance.
  • 3eBay is presenting both GAAP and non-GAAP financial measures, including non-GAAP net income and EPS.
  • 4Non-GAAP measures are used to allow for better comparison to prior periods, especially due to the adoption of FAS 123(R) concerning stock-based compensation.
  • 5The company believes non-GAAP measures offer enhanced understanding of core operating results and future outlook.
  • 6The report contains forward-looking statements for the remainder of fiscal year 2006.
  • 7Investors are advised to refer to eBay's 10-K and upcoming 10-Q for detailed risk factors and financial analysis.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce eBay Inc.'s financial results for the first quarter ended March 31, 2006, by attaching a press release (Exhibit 99.1) that contains these results and related information.

eBay is providing non-GAAP financial measures, such as non-GAAP net income and earnings per diluted share, to offer investors a better understanding of its core operating performance and to allow for more consistent comparisons with prior periods. This is particularly relevant due to the recent adoption of the FAS 123(R) accounting standard, which impacts stock-based compensation expenses.

No, the information in this report is being furnished and is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means it carries less legal weight regarding liability for misstatements or omissions compared to information that is formally filed.

Investors are directed to eBay's Annual Report on Form 10-K for the fiscal year ended December 31, 2005, and the upcoming Quarterly Report on Form 10-Q for the quarter ended March 31, 2006, for a more thorough discussion of risk factors and management's analysis of financial condition and results of operations.