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EBAY » Topics » Business Outlook

This excerpt taken from the EBAY 8-K filed Jan 20, 2010.

Business Outlook

(In Millions, Except Per Share Amounts)

The guidance figures provided below and elsewhere in this press release are forward-looking statements, reflect a number of estimates, assumptions and other uncertainties, and are approximate in nature because eBay’s future performance is difficult to predict. Such guidance is based on information available on the date of this press release, and eBay assumes no obligation to update it.

eBay’s future performance involves risks and uncertainties, and the company’s actual results could differ materially from the information below and elsewhere in this press release. Some of the factors that could affect the company’s operating results are set forth under the caption “Forward-Looking Statements” above in this press release. More information about factors that could affect eBay’s operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in its most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company’s investor relations web site at http://investor.ebayinc.com or the SEC’s web site at www.sec.gov.

 

     Three Months Ending March 31, 2010
(in millions, except per share amounts)    GAAP    Non-GAAP (a)

Revenues

    $2,100 - $2,200    $2,100 - $2,200

Diluted EPS

    $0.29 - $0.31    $0.39 - $ 0.41
     Twelve Months Ending December 31, 2010
(in millions, except per share amounts)    GAAP    Non-GAAP (b)

Revenues

    $8,800 - $9,100    $8,800 - $9,100

Diluted EPS

    $1.29 - $1.34    $1.63 - $ 1.68
 
  (a) Estimated non-GAAP amounts above for the three months ending March 31, 2010, reflect the quarterly adjustments that exclude the estimated amortization of acquired intangible assets of approximately $65-$75 million, estimated stock-based compensation expense and employer payroll taxes on stock-based compensation expense of approximately $90-$110 million and estimated restructuring charges of approximately $20-$25 million.
  (b) Estimated non-GAAP amounts above for the twelve months ending December 31, 2010, reflect the annual adjustments that exclude the estimated amortization of acquired intangible assets of approximately $230-$245 million, estimated stock-based compensation expense and employer payroll taxes on stock-based compensation expense of approximately $410-$440 million and estimated restructuring charges of approximately $20-$25 million.

 

12

eBay Inc.

This excerpt taken from the EBAY 8-K filed Oct 21, 2009.

Business Outlook

(In Millions, Except per Share Amounts)

The guidance figures provided below and elsewhere in this press release are forward-looking statements and are approximate in nature because eBay’s future performance is difficult to predict. Such guidance is based on information available on the date of this press release, and eBay assumes no obligation to update it.

eBay’s future performance involves risks and uncertainties, and the company’s actual results could differ materially from the information below. Some of the factors that could affect the company’s operating results are set forth under the caption “Forward-Looking Statements” above in this press release. More information about factors that could affect eBay’s operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in its most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company’s investor relations web site at http://investor.ebayinc.com or the SEC’s web site at www.sec.gov.

 

     Three Months Ending December 31, 2009
     GAAP    Non-GAAP (a)

Revenues (b)

    $2,200 - $2,300    $2,200 - $2,300

Diluted EPS (b)

    $0.28 - $0.30    $0.38 - $0.40
 
  (a) Estimated non-GAAP amounts above for the three months ending December 31, 2009, reflect the estimated quarterly adjustments that exclude the amortization of acquired intangible assets of approximately $65-$75 million, stock-based compensation expense and employer payroll taxes on stock-based compensation expense of approximately $90-$105 million, and restructuring charges of approximately $20-$25 million.
  (b) The GAAP and non-GAAP amounts above assume a mid-quarter close date for the pending sale of Skype and do not reflect the gain on the pending sale of Skype of approximately $1.0 billion.

 

12

eBay Inc.

This excerpt taken from the EBAY 8-K filed Jul 22, 2009.

Business Outlook

(In Millions, Except per Share Amounts)

The guidance figures provided below and elsewhere in this press release are forward-looking statements and are approximate in nature because eBay’s future performance is difficult to predict. Such guidance is based on information available on the date of this press release, and eBay assumes no obligation to update it.

eBay’s future performance involves risks and uncertainties, and the company’s actual results could differ materially from the information below. Some of the factors that could affect the company’s operating results are set forth under the caption “Forward-Looking Statements” above in this press release. More information about factors that could affect eBay’s operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in its most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company’s investor relations web site at http://investor.ebay.com or the SEC’s web site at www.sec.gov.

 

     Three months ending September 30, 2009
     GAAP    Non-GAAP(a)

Net revenues

    $2,050 - $2,150    $2,050 - $2,150

Diluted EPS

    $0.22 - $0.24    $0.34 - $0.36
 
  (a) Estimated non-GAAP amounts above for the three months ending September 30, 2009, reflects the estimated quarterly adjustments that exclude the amortization of acquired intangible assets of approximately $90.0-$100.0 million, stock-based compensation expense and employer payroll taxes on stock-based compensation of approximately $95.0-$115.0 million and restructuring charges of approximately $5.0-$10.0 million. See further discussion regarding non-GAAP measures of financial performance on the following pages.

 

12

eBay Inc.

This excerpt taken from the EBAY 8-K filed Apr 22, 2009.

Business Outlook

(In Millions, Except per Share Amounts and Percentages)

The guidance figures provided below and elsewhere in this press release are forward-looking statements and are approximate in nature because eBay’s future performance is difficult to predict. Such guidance is based on information available on the date of this press release, and eBay assumes no obligation to update it.

eBay’s future performance involves risks and uncertainties, and the company’s actual results could differ materially from the information below. Some of the factors that could affect the company’s operating results are set forth under the caption “Forward-Looking Statements” above in this press release. More information about factors that could affect eBay’s operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in its most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company’s investor relations web site at http://investor.ebay.com or the SEC’s web site at www.sec.gov.

 

     Three months ending June 30, 2009
     GAAP    Non-GAAP(a)

Net revenues

    $1,850 - $2,050    $1,850 - $2,050

Diluted EPS

    $0.23 - $0.26    $0.34 - $0.36

 

(a) Estimated non-GAAP amounts and percentages above for the three months ending June 30, 2009, reflects the estimated quarterly adjustments that exclude the amortization of acquired intangible assets of approximately $80.0-$90.0 million, stock-based compensation expense and employer payroll taxes on stock-based compensation of approximately $95.0-$110.0 million and restructuring charges of approximately $3.0-$7.0 million. See further discussion regarding non-GAAP measures of financial performance on the following pages.

 

13

eBay Inc.

This excerpt taken from the EBAY 8-K filed Jan 22, 2009.
Business Outlook
(In Millions, Except per Share Amounts and Percentages)
 
The guidance figures provided below and elsewhere in this press release are forward-looking statements and are approximate in nature because eBay’s future performance is difficult to predict. Such guidance is based on information available on the date of this press release, and eBay assumes no obligation to update it.
 
eBay’s future performance involves risks and uncertainties, and the company’s actual results could differ materially from the information below. Some of the factors that could affect the company’s operating results are set forth under the caption “Forward-Looking Statements” above in this press release. More information about factors that could affect eBay’s operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in its most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company’s investor relations web site at http://investor.ebay.com or the SEC’s web site at www.sec.gov.
 
                 
    Three Months Ending March 31, 2009
    GAAP   Non-GAAP(a)
 
Net revenues
  $ 1,800 - $2,050   $ 1,800 - $2,050
Diluted EPS
  $  0.21 - $  0.23   $   0.32 - $  0.34
 
 
(a) Estimated non-GAAP amounts and percentages above for the three months ending March 31, 2009, reflects the estimated quarterly adjustments that exclude the amortization of acquired intangible assets of approximately $70-$80 million, stock-based compensation expense and employer payroll taxes on stock-based compensation of approximately $90-$105 million and restructuring charges of approximately $10-$15 million. See further discussion regarding non-GAAP measures of financial performance on the following pages.


14

 

 
eBay Inc.
 
This excerpt taken from the EBAY 8-K filed Jan 21, 2009.
Business Outlook
(In Millions, Except per Share Amounts and Percentages)
 
The guidance figures provided below and elsewhere in this press release are forward-looking statements and are approximate in nature because eBay’s future performance is difficult to predict. Such guidance is based on information available on the date of this press release, and eBay assumes no obligation to update it.
 
eBay’s future performance involves risks and uncertainties, and the company’s actual results could differ materially from the information below. Some of the factors that could affect the company’s operating results are set forth under the caption “Forward-Looking Statements” above in this press release. More information about factors that could affect eBay’s operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in its most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company’s investor relations web site at http://investor.ebay.com or the SEC’s web site at www.sec.gov.
 
                 
    Three Months Ending March 31, 2009
    GAAP   Non-GAAP(a)
 
Net revenues
  $ 1,800 - $2,050   $ 1,800 - $2,050
Diluted EPS
  $  0.21 - $  0.23   $   0.32 - $  0.34
 
 
(a) Estimated non-GAAP amounts and percentages above for the three months ending March 31, 2009, reflects the estimated quarterly adjustments that exclude the amortization of acquired intangible assets of approximately $70-$80 million, stock-based compensation expense and employer payroll taxes on stock-based compensation of approximately $90-$105 million and restructuring charges of approximately $10-$15 million. See further discussion regarding non-GAAP measures of financial performance on the following pages.

 

 
eBay Inc.
 
This excerpt taken from the EBAY 8-K filed Oct 15, 2008.
Business Outlook
(In Millions, Except Per Share Amounts and Percentages)
 
The guidance figures provided below and elsewhere in this press release are forward-looking statements and are approximate in nature because eBay’s future performance is difficult to predict. Such guidance is based on information available on the date of this press release, and eBay assumes no obligation to update it.
 
eBay’s future performance involves risks and uncertainties, and the company’s actual results could differ materially from the information below. Some of the factors that could affect the company’s operating results are set forth under the caption “Forward-Looking Statements” above in this press release. More information about factors that could affect eBay’s operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in its most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company’s investor relations web site at http://investor.ebay.com or the SEC’s web site at www.sec.gov.
 
                 
    Three Months Ending December 31, 2008
    GAAP   Non-GAAP(a)
 
Net revenues
  $ 2,020 - $2,170     $ 2,020 - $2,170  
Diluted EPS
  $ 0.25 - $ 0.27     $ 0.39 - $ 0.41  
 
         
    Year Ending December 31, 2008
    GAAP   Non-GAAP(a)
 
Net revenues
  $8,525 - $8,675   $8,525 - $8,675
Operating margin
  ~24%   ~32%
Diluted EPS
  $ 1.32 - $ 1.34   $ 1.69 - $ 1.71
Effective tax rate
  18.0% - 19.0%   21.0% - 22.0%
 
 
(a) Estimated non-GAAP amounts and percentages above for the three months and year ending December 31, 2008 reflect estimated quarterly adjustments that exclude the amortization of acquired intangible assets of approximately $85-$95 million per quarter, stock-based compensation expense and employer payroll taxes on stock-based compensation of approximately $90-$105 million per quarter and restructuring-related charges of approximately $60-$70 million. See further discussion regarding non-GAAP measures of financial performance on the following pages.


13

 

eBay Inc.
 
This excerpt taken from the EBAY 8-K filed Jul 16, 2008.
Business Outlook
(In Millions, Except Per Share Amounts And Percentages)
 
The guidance figures provided below and elsewhere in this press release are forward-looking statements and are approximate in nature because eBay’s future performance is difficult to predict. Such guidance is based on information available on the date of this earnings release, and eBay assumes no obligation to update it.
 
eBay’s future performance involves risks and uncertainties, and the company’s actual results could differ materially from the information below. Some of the factors that could affect the company’s operating results are set forth under the caption “Forward-Looking Statements” above in this press release. More information about factors that could affect eBay’s operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in its most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company’s investor relations web site at http://investor.ebay.com or the SEC’s web site at www.sec.gov.
 
                 
    Three Months Ending September 30, 2008  
    GAAP     Non-GAAP(a)  
 
Net revenues
    $2,100 - $2,150       $2,100 - $2,150  
Diluted EPS
    $0.30 - $ 0.32       $0.39 - $0.41  
 
         
    Year Ending December 31, 2008
    GAAP   Non-GAAP(a)
 
Net revenues
  $8,800 - $9,050   $8,800 - $9,050
Operating margin
  ~25%   ~32%
Diluted EPS
  $1.37 - $1.42   $1.72 - $1.77
Effective tax rate
  21.0% - 22.0%   22.0% - 23.0%
 
 
(a) Estimated non-GAAP amounts and percentages above reflect estimated quarterly adjustments that exclude the amortization of acquired intangible assets and developed technology of approximately $60-$65 million per quarter and stock-based compensation expense and employer payroll taxes on stock-based compensation of approximately $90-$100 million per quarter. See further discussion regarding non-GAAP measures of financial performance on the following pages.


13

 

 
eBay Inc.
 
This excerpt taken from the EBAY 8-K filed Apr 16, 2008.
Business Outlook
(In Millions, Except Per Share Amounts And Percentages)
 
The guidance figures provided below and elsewhere in this press release are forward-looking statements and are approximate in nature because eBay’s future performance is difficult to predict. Such guidance is based on information available on the date of this earnings release, and eBay assumes no obligation to update it.
 
eBay’s future performance involves risks and uncertainties, and the company’s actual results could differ materially from the information below. Some of the factors that could affect the company’s operating results are set forth under the caption “Forward-Looking Statements” above in this press release. More information about factors that could affect eBay’s operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in its most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company’s investor relations web site at http://investor.ebay.com or the SEC’s web site at www.sec.gov.
 
                 
    Three months ending June 30, 2008  
    GAAP     Non-GAAP(a)  
 
Net revenues
  $ 2,100-$2,150     $ 2,100-$2,150  
Diluted EPS
  $ 0.30-$0.32     $ 0.39-$0.41  
 
                 
    Year ending December 31, 2008  
    GAAP     Non-GAAP(a)  
 
Net revenues
  $ 8,700-$9,000     $ 8,700-$9,000  
Operating margin
    ~25 %     ~32 %
Diluted EPS
  $ 1.35-$1.40     $ 1.70-$1.75  
Effective tax rate
    21.0%-22.0 %     22.0%-23.0 %
 
 
(a) Non-GAAP amounts and percentages reflect estimated quarterly adjustments to exclude the amortization of acquired intangible assets and developed technology of approximately $60-$65 million and stock-based compensation expense and employer payroll taxes on stock-based compensation of approximately $95-$105 million. See further discussion regarding non-GAAP measures of financial performance on the following pages.

 

eBay Inc.
 
This excerpt taken from the EBAY 8-K filed Jan 23, 2008.
Business Outlook
 
•  Full year 2008 — eBay expects net revenues in the range of $8.500 to $8.750 billion with GAAP earnings per diluted share in the range of $1.27 to $1.31 and non-GAAP earnings per diluted share in the range of $1.63 to $1.67.
 
•  First quarter 2008 — eBay expects net revenues in the range of $2.000 to $2.050 billion with GAAP earnings per diluted share in the range of $0.28 to $0.30 and non-GAAP earnings per diluted share in the range of $0.37 to $0.39.
 
This excerpt taken from the EBAY 8-K filed Oct 17, 2007.
Business Outlook
(In Millions, Except Per Share Amounts And Percentages)
 
The guidance figures provided below and elsewhere in this press release are approximate in nature because eBay’s future performance is difficult to predict. Such guidance is based on information available on the date hereof, and eBay assumes no obligation to update it.
 
eBay’s future performance involves risks and uncertainties, and the company’s actual results could differ materially from the information below. Some of the factors that could affect the company’s operating results are set forth under the caption “Forward-Looking Statements” above in this press release. More information about factors that could affect eBay’s operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company’s investor relations website at http://investor.ebay.com or the SEC’s website at www.sec.gov.
 
                 
    Three months ending December 31, 2007
    GAAP   Non-GAAP(a)
 
Net revenues
  $ 2,100-$2,150     $ 2,100-$2,150  
Diluted EPS
  $ 0.32-$0.34     $ 0.39-$0.41  
                 
    Year ending December 31, 2007
    GAAP   Non-GAAP(a)
 
Net revenues
  $ 7,600-$7,650     $ 7,600-$7,650  
Operating margin
    ~7 %     ~33 %
Diluted EPS
  $ 0.19-$0.21     $ 1.47-$1.49  
Effective tax rate
    58.0%-60.0 %     21.0%-21.5 %
 
 
(a) Non-GAAP amounts and percentages reflect estimated quarterly adjustments to exclude the amortization of acquired intangible assets of approximately $55-$60 million and stock-based compensation and payroll taxes on employee stock options of approximately $75-$90 million. See further discussion regarding non-GAAP measures of financial performance on the following pages.


12

 

eBay Inc.
 
This excerpt taken from the EBAY 8-K filed Jul 18, 2007.
Business Outlook
 
Third Quarter 2007 — eBay expects consolidated net revenues for Q3-07 to be in the range of $1.775 billion to $1.825 billion. Non-GAAP earnings per diluted share for Q3-07 are expected to be in the range of $0.31 to $0.33. These amounts assume a US dollar to Euro exchange rate of $1.30.
 
Full Year 2007 — eBay now expects consolidated net revenues for 2007 to be in the range of $7.300 billion to $7.450 billion. Non-GAAP operating margin for 2007 is expected to be approximately 33%. Non-GAAP earnings per diluted share for 2007 are now expected to be in the range of $1.34 to $1.38. These amounts assume a US dollar to Euro exchange rate of $1.30.
 
This excerpt taken from the EBAY 8-K filed Apr 18, 2007.
Business Outlook
 
Second Quarter 2007 — eBay expects consolidated net revenues for Q2 2007 to be in the range of $1.750 billion to $1.800 billion. Non-GAAP earnings per diluted share for Q2 2007 are expected to be in the range of $0.31 to $0.33. These amounts assume a US dollar to Euro exchange rate of $1.30.
 
Full Year 2007 — eBay now expects consolidated net revenues for 2007 to be in the range of $7.200 billion to $7.450 billion. Non-GAAP operating margin for 2007 is expected to be 33%. Non-GAAP earnings per diluted share for 2007 are now expected to be in the range of $1.30 to $1.34. These amounts assume a US dollar to Euro exchange rate of $1.30.
 
This excerpt taken from the EBAY 8-K filed Jan 24, 2007.
Business Outlook
 
First Quarter 2007 — eBay expects consolidated net revenues for Q1 2007 to be in the range of $1.670 billion to $1.720 billion. Non-GAAP earnings per diluted share for Q1 2007 are expected to be in the range of $0.28 to $0.30. These amounts assume a US dollar to Euro exchange rate of $1.25.
 
Full Year 2007 — eBay expects consolidated net revenues for 2007 to be in the range of $7.050 billion to $7.300 billion. Non-GAAP operating margin for 2007 is expected to be 33%. Non-GAAP earnings per diluted share for 2007 are expected to be in the range of $1.25 to $1.29. These amounts assume a US dollar to Euro exchange rate of $1.25.
 
This excerpt taken from the EBAY 8-K filed Oct 18, 2006.
Business Outlook
 
The following guidance includes the estimated impact of expensing stock options from the adoption of FAS 123(R), which has been reflected in eBay’s operating results beginning in Q1-06.
 
Fourth Quarter 2006 — eBay expects consolidated net revenues for Q4 2006 to be in the range of $1.615 billion to $1.675 billion. GAAP earnings per diluted share for Q4 2006 are expected to be in the range of $0.21 to $0.22. GAAP earnings per diluted share for Q4 2006 includes the estimated impact of stock-based compensation from the adoption of FAS 123(R) of approximately $0.03-$0.04. Non-GAAP earnings per diluted share for Q4 2006 are expected to be in the range of $0.27 to $0.28. This guidance assumes a US dollar to Euro exchange rate of $1.25.
 
Full Year 2006 — eBay expects consolidated net revenues 2006 to be in the range of $5.865 billion to $5.925 billion. GAAP earnings per diluted share for 2006 are expected to be in the range of $0.75 to $0.76. GAAP earnings per diluted share for 2006 includes the estimated impact of stock-based compensation from the adoption of FAS 123(R) of approximately $0.15 to $0.16 per diluted share. Non-GAAP earnings per diluted share for 2006 are expected to


2

 

be in the range of $1.01 to $1.02. This guidance assumes a Q4 2006 US dollar to Euro exchange rate of $1.25, and actual rates through the first three quarters of 2006.
 
Full Year 2007 — eBay expects organic consolidated net revenue growth for 2007 in the range of 17% to 21% over 2006 revenues. GAAP and non-GAAP operating margins are expected to improve by at least 0.5 percentage points over 2006 GAAP and non-GAAP operating margins. GAAP and non-GAAP diluted earnings per share are expected to grow by at least 20% over 2006 GAAP and non-GAAP earnings per share. This guidance assumes a US dollar to Euro exchange rate of $1.25 and does not reflect the potential impact of the adoption of FASB Interpretation No. 48 Accounting for Uncertainty in Income Taxes (FIN 48). We are currently evaluating the impact of adopting FIN 48 (which will be effective January 1, 2007) on our consolidated financial position and results of operations.
 

EXCERPTS ON THIS PAGE:

8-K
Jan 20, 2010
8-K
Oct 21, 2009
8-K
Jul 22, 2009
8-K
Apr 22, 2009
8-K
Jan 22, 2009
8-K
Jan 21, 2009
8-K
Oct 15, 2008
8-K
Jul 16, 2008
8-K
Apr 16, 2008
8-K
Jan 23, 2008
8-K
Oct 17, 2007
8-K
Jul 18, 2007
8-K
Apr 18, 2007
8-K
Jan 24, 2007
8-K
Oct 18, 2006

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