8-K/AEarnings & ResultsExhibits & Filings

EBAY INC 8-K/A Report, Financial Results (Jan 20, 2011)

Filed January 20, 2011For Securities:EBAY

Summary

This Form 8-K/A filing by eBay Inc. serves as an amendment to a prior report filed on January 19, 2011. The primary purpose of this amendment is to correct a typographical error within the previously issued press release regarding the company's fourth quarter and full year 2010 financial highlights. Specifically, the "Marketplaces - Gross merchandise volume (excl. vehicles) - International" for the full year 2010 has been corrected to $33,116 million, an increase from the initially reported $31,116 million. This correction also adjusts the year-over-year change figures to $4,382 million and 15% from the initially stated $2,382 million and 8%. Investors should note that the original press release announced eBay's financial results for the period ended December 31, 2010. The filing emphasizes the use of non-GAAP financial measures, providing reconciliations and explanations for their inclusion. While this amendment focuses on a specific data correction, the underlying financial results and forward-looking statements from the January 19th release remain relevant, subject to the risks and disclosures outlined in eBay's SEC filings.

Key Highlights

  • 1Amendment to Form 8-K filed on January 19, 2011, to correct a financial reporting error.
  • 2Typographical error corrected in the 'Marketplaces - Gross merchandise volume (excl. vehicles) - International' for the full year 2010.
  • 3Full year 2010 International GMV (excl. vehicles) corrected from $31,116 million to $33,116 million.
  • 4Year-over-year change for International GMV (excl. vehicles) corrected to $4,382 million (15%) from $2,382 million (8%).
  • 5The amendment does not alter other information previously reported, including the announcement of Q4 and full year 2010 financial results.
  • 6The filing reiterates the use of non-GAAP financial measures and directs readers to reconciliations and disclosures in the original press release and SEC filings.

Frequently Asked Questions

This amended 8-K filing (8-K/A) is primarily to correct a specific typographical error in the press release that announced eBay's fourth quarter and full year 2010 financial results on January 19, 2011. The correction pertains to the reported Gross Merchandise Volume (GMV) for international markets, excluding vehicles.

The correction was made to the 'Marketplaces - Gross merchandise volume (excl. vehicles) - International' figure for the full year 2010. It was corrected to $33,116 million, from the previously reported $31,116 million. The year-over-year change figures were also adjusted accordingly.

No, this amendment is limited to correcting a single data point within the press release regarding international GMV. The overall financial results for the fourth quarter and full year 2010, as announced on January 19, 2011, remain as originally stated, with this specific correction.

The original press release, and by extension this filing, presented several non-GAAP financial measures. The filing acknowledges these measures, which may differ from those used by other companies, and directs investors to the provided reconciliations within the press release and eBay's other SEC filings for a full understanding of how these measures are calculated and why they are used by the company.