What are 'non-GAAP financial measures' and why are they included?

Non-GAAP financial measures are metrics that are not prepared in accordance with Generally Accepted Accounting Principles (GAAP). eBay includes these measures (like non-GAAP net income and free cash flow) to provide investors with additional insights into the company's performance, often excluding certain items they believe are not indicative of ongoing operational results. However, investors should review the provided reconciliations to understand how these differ from GAAP figures.

Where can I find more detailed financial information and risks for eBay?

The filing directs investors to eBay's most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q for a more thorough discussion of financial condition, results of operations, and risk factors. These can be found on eBay's investor relations website or the SEC's website.

Is the information in this 8-K considered 'filed' with the SEC?

No, the information furnished in this report, including the press release, is being furnished and is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means it generally does not carry the same legal implications as a formally filed document unless specifically incorporated by reference into another filing.

EBAY 8-K: Earnings & Results

Q: What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to announce eBay Inc.'s financial results for the first quarter ended March 31, 2015, by attaching the company's press release as Exhibit 99.1.

Summary

This 8-K filing from eBay Inc. on April 22, 2015, primarily serves to announce the company's financial results for the first quarter ended March 31, 2015. The report highlights that the furnished information, including a press release as Exhibit 99.1, contains both GAAP and non-GAAP financial measures. Investors should pay close attention to the definitions and reconciliations of these non-GAAP measures, such as non-GAAP net income, earnings per diluted share, operating margin, effective tax rate, and free cash flow, as they may differ from those presented by other companies and are not prepared under comprehensive GAAP principles. The filing also includes forward-looking statements regarding the company's future performance, with a caution against undue reliance. Investors are directed to eBay's 10-K and 10-Q filings for a more detailed discussion of risk factors and operational performance. The purpose of this 8-K is to inform stakeholders about the Q1 2015 results and provide access to the detailed press release containing this information and further financial disclosures.

Key Highlights

1eBay Inc. announced its Q1 2015 financial results on April 22, 2015.
2The report is furnished, not filed, and is primarily an announcement of results via press release.
3Key financial measures presented include both GAAP and non-GAAP figures.
4Non-GAAP financial measures disclosed are: non-GAAP net income, non-GAAP earnings per diluted share, non-GAAP operating margin, non-GAAP effective tax rate, and free cash flow.
5Investors are directed to the accompanying press release (Exhibit 99.1) for detailed financial information and reconciliations of non-GAAP measures.
6The filing includes forward-looking statements, with a disclaimer advising against undue reliance.
7Reference is made to 10-K and 10-Q filings for comprehensive risk factors and operational discussions.

EBAY INC 8-K Report, Financial Results (Apr 22, 2015)

Summary

Key Highlights

Frequently Asked Questions