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This excerpt taken from the EBAY 10-K filed Feb 17, 2010. Concentrations of credit risk Our cash, cash equivalents, accounts receivable, loans receivable, funds receivable and customer accounts are potentially subject to concentration of credit risk. In addition funds receivable are generated with banks or credit card companies that management believes are of high credit quality. Cash and cash equivalents and customer accounts are placed with financial institutions that management believes are of high credit quality. Our accounts receivable are derived from revenue earned from customers located in the U.S. and internationally. Our loans receivable are derived from consumer financing activities for customers located in the U.S. We maintain an allowance for doubtful accounts receivable, authorized credits and loans receivable based upon our historical experience, the age and delinquency rates of receivables and the credit quality of the relevant loan, as well as economic and regulatory conditions. Determining appropriate allowances for these losses is an inherently uncertain process, and ultimate losses may vary from the current estimates, resulting in a material impact to future statements of income or cash flows. Due to the relatively small dollar amount of individual accounts receivable and loans and interest receivable, we generally do not require collateral on these balances. The
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Table of ContentseBay Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
allowance for doubtful accounts and authorized credits was $104.9 million and $102.8 million at December 31, 2008 and 2009, respectively. The allowance for loans and interest receivable was $48.1 million and $50.3 million at December 31, 2008 and 2009, respectively. During the years ended December 31, 2007, 2008, and 2009, no customers accounted for more than 10% of net revenues. As of December 31, 2008 and 2009, no customers accounted for more than 10% of net accounts receivable or net loans receivable. These excerpts taken from the EBAY 10-K filed Feb 20, 2009. Concentrations
of credit risk
Our cash, cash equivalents, accounts receivable, loans
receivable and funds receivable are potentially subject to
concentration of credit risk. Cash and cash equivalents and
funds receivable are placed with financial institutions that
management believes are of high credit quality. Our accounts
receivable are derived from revenue earned from customers
located in the U.S. and internationally. Our loans
receivable are derived from consumer financing activities for
customers located in the U.S. We maintain an allowance for
doubtful accounts receivable, authorized credits and loans
receivable based upon our historical experience, the age and
delinquency rates of receivables and the credit quality of the
relevant loan, as well as economic and regulatory conditions.
Determining appropriate allowances for these losses is an
inherently uncertain process, and ultimate losses may vary from
the current estimates, resulting in a material impact to future
statements of income or cash flows. Due to the relatively small
dollar amount of individual accounts receivable and loans
receivable, we generally do not require collateral on these
balances. The allowance for doubtful accounts and authorized
credits was $96.2 million and $104.9 million at
December 31, 2007 and 2008, respectively. The allowance for
loans receivable was $48.1 million at December 31,
2008.
During the years ended December 31, 2006, 2007, and 2008,
no customers accounted for more than 10% of net revenues. As of
December 31, 2007 and 2008, no customers accounted for more
than 10% of net accounts receivable or net loans receivable.
Concentrations of credit risk Our cash, cash equivalents, accounts receivable, loans receivable and funds receivable are potentially subject to concentration of credit risk. Cash and cash equivalents and funds receivable are placed with financial institutions that management believes are of high credit quality. Our accounts receivable are derived from revenue earned from customers located in the U.S. and internationally. Our loans receivable are derived from consumer financing activities for customers located in the U.S. We maintain an allowance for doubtful accounts receivable, authorized credits and loans receivable based upon our historical experience, the age and delinquency rates of receivables and the credit quality of the relevant loan, as well as economic and regulatory conditions. Determining appropriate allowances for these losses is an inherently uncertain process, and ultimate losses may vary from the current estimates, resulting in a material impact to future statements of income or cash flows. Due to the relatively small dollar amount of individual accounts receivable and loans receivable, we generally do not require collateral on these balances. The allowance for doubtful accounts and authorized credits was $96.2 million and $104.9 million at December 31, 2007 and 2008, respectively. The allowance for loans receivable was $48.1 million at December 31, 2008. During the years ended December 31, 2006, 2007, and 2008, no customers accounted for more than 10% of net revenues. As of December 31, 2007 and 2008, no customers accounted for more than 10% of net accounts receivable or net loans receivable. These excerpts taken from the EBAY 10-K filed Feb 29, 2008. Concentrations
of credit risk
Our cash, cash equivalents, accounts receivable and funds
receivable are potentially subject to concentration of credit
risk. Cash and cash equivalents are placed with financial
institutions that management believes are of high credit
quality. Our accounts receivable are derived from revenue earned
from customers located in the U.S. and internationally.
Accounts receivable balances are settled through customer credit
cards, debit cards, and PayPal accounts, with the majority of
accounts receivable collected upon processing of credit card
transactions. We maintain an allowance for doubtful accounts
receivable and authorized credits based upon our historical
experience. Historically, such losses have been within our
expectations. However, unexpected or significant future changes
in trends could result in a material impact to future statements
of income or cash flows. Due to the relatively small dollar
amount of individual accounts receivable, we generally do not
require collateral on these balances. The provision for doubtful
accounts is recorded as a charge to general and administrative
expense, while the provision for authorized credits is
recognized as a reduction of net revenues.
During the years ended December 31, 2005, 2006, and 2007,
no customers accounted for more than 10% of net revenues. As of
December 31, 2006 and 2007, no customers accounted for more
than 10% of net accounts receivable.
Concentrations of credit risk Our cash, cash equivalents, accounts receivable and funds receivable are potentially subject to concentration of credit risk. Cash and cash equivalents are placed with financial institutions that management believes are of high credit quality. Our accounts receivable are derived from revenue earned from customers located in the U.S. and internationally. Accounts receivable balances are settled through customer credit cards, debit cards, and PayPal accounts, with the majority of accounts receivable collected upon processing of credit card transactions. We maintain an allowance for doubtful accounts receivable and authorized credits based upon our historical experience. Historically, such losses have been within our expectations. However, unexpected or significant future changes in trends could result in a material impact to future statements of income or cash flows. Due to the relatively small dollar amount of individual accounts receivable, we generally do not require collateral on these balances. The provision for doubtful accounts is recorded as a charge to general and administrative expense, while the provision for authorized credits is recognized as a reduction of net revenues. During the years ended December 31, 2005, 2006, and 2007, no customers accounted for more than 10% of net revenues. As of December 31, 2006 and 2007, no customers accounted for more than 10% of net accounts receivable. This excerpt taken from the EBAY 10-K filed Feb 28, 2007. Concentrations
of credit risk
Our cash, cash equivalents, accounts receivable and funds
receivable are potentially subject to concentration of credit
risk. Cash and cash equivalents are placed with financial
institutions that management believes are of high credit
quality. Our accounts receivable are derived from revenue earned
from customers located in the U.S. and internationally. Accounts
receivable balances are settled through customer credit cards,
debit cards, and PayPal accounts, with the majority of accounts
receivable collected upon processing of credit card
transactions. We maintain an allowance for doubtful accounts
receivable and authorized credits based upon our historical
experience. Historically, such losses have been within our
expectations. However, unexpected or significant future changes
in trends could result in a material impact to future statements
of income or cash flows. Due to the relatively small dollar
amount of individual accounts receivable, we generally do not
require collateral on these balances. The provision for doubtful
accounts is recorded as a charge to general and administrative
expense, while the provision for authorized credits is
recognized as a reduction of net revenues.
During the years ended December 31, 2004, 2005, and 2006,
no customers accounted for more than 10% of net revenues. As of
December 31, 2005 and 2006, no customers accounted for more
than 10% of net accounts receivable.
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