This excerpt taken from the EBAY 8-K filed Jan 23, 2008.
eBAY INC. REPORTS FOURTH QUARTER AND FULL YEAR 2007 RESULTS
Major businesses and robust growth in newer lines of business drive revenue
San Jose, Calif, January 23, 2008 eBay Inc. (Nasdaq: EBAY; www.ebay.com) today reported financial results for its fourth quarter and year ended December 31, 2007. The ecommerce company posted fourth quarter revenue of $2.18 billion, representing a $461 million year-over-year increase. Revenue grew across all businesses highlighted by more robust growth from PayPal, StubHub, Skype, classifieds and advertising. The company recorded net income on a GAAP basis of $531 million or $0.39 per diluted share, and non-GAAP net income of $611 million or $0.45 per diluted share.
For the full year, eBay Inc. posted $7.67 billion in revenue, net income on a GAAP basis of $348 million or $0.25 per diluted share, and non-GAAP net income of $2.11 billion or $1.53 per diluted share.
GAAP operating margin increased to 28.7% for the quarter, compared to 26.2% for the same period last year. Non-GAAP operating margin increased to 34.6% for the quarter, from 33.4% for the same period last year. For the full year GAAP operating margin came in at 8.0%, with non-GAAP operating margin at 33.1%.
eBay Inc. generated $793 million of operating cash flow and $665 million of free cash flow during the fourth quarter. The companys full year operating cash flow was $2.64 billion and free cash flow was $2.19 billion.
Were very pleased with the results for the quarter which were strengthened by a solid holiday shopping season, said eBay Inc. President and CEO, Meg Whitman. We had a remarkably strong year from a financial perspective. We enter 2008 with our most diverse portfolio of ecommerce offerings ever positioning us to drive long-term growth in the global ecommerce market.