EBAY » Topics » Fair value of financial instruments

This excerpt taken from the EBAY 10-K filed Feb 17, 2010.

Fair value of financial instruments

Our financial instruments, including cash, cash equivalents, accounts receivable, loans and interest receivable, funds receivable, customer accounts, accounts payable, funds payable and amounts due to customers are carried at cost, which approximates their fair value because of the short-term maturity of these instruments.

 

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

These excerpts taken from the EBAY 10-K filed Feb 29, 2008.
Fair value of financial instruments
 
Cash and cash equivalents are short-term, highly liquid investments with original or remaining maturities of three months or less when purchased. Our financial instruments, including cash, cash equivalents, accounts


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eBay Inc.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
receivable, funds receivable, accounts payable, funds payable and amounts due to customers are carried at cost, which approximates their fair value because of the short-term maturity of these instruments.
 
Short and long-term investments, which include marketable equity securities and government and corporate bonds, are classified as available-for-sale and reported at fair value using the specific identification method. Unrealized gains and losses are excluded from earnings and reported as a component of other comprehensive income (loss), net of related estimated tax provisions or benefits. Additionally, we assess whether an other-than-temporary impairment loss on our investments has occurred due to declines in fair value or other market conditions. Declines in fair value that are considered other than temporary are recorded as an impairment of investments in the consolidated statement of income.
 
Fair
value of financial instruments



 



Cash and cash equivalents are short-term, highly liquid
investments with original or remaining maturities of three
months or less when purchased. Our financial instruments,
including cash, cash equivalents, accounts





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NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 



receivable, funds receivable, accounts payable, funds payable
and amounts due to customers are carried at cost, which
approximates their fair value because of the short-term maturity
of these instruments.


 



Short and long-term investments, which include marketable equity
securities and government and corporate bonds, are classified as
available-for-sale and reported at fair value using the specific
identification method. Unrealized gains and losses are excluded
from earnings and reported as a component of other comprehensive
income (loss), net of related estimated tax provisions or
benefits. Additionally, we assess whether an
other-than-temporary impairment loss on our investments has
occurred due to declines in fair value or other market
conditions. Declines in fair value that are considered other
than temporary are recorded as an impairment of investments in
the consolidated statement of income.


 




This excerpt taken from the EBAY 10-K filed Feb 28, 2007.
Fair value of financial instruments
 
Cash and cash equivalents are short-term, highly liquid investments with original or remaining maturities of three months or less when purchased. Our financial instruments, including cash, cash equivalents, accounts


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Table of Contents

 
eBay Inc.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

receivable, funds receivable, accounts payable, and funds payable are carried at cost, which approximates their fair value because of the short-term maturity of these instruments.
 
Short and long-term investments, which include marketable equity securities and government and corporate bonds, are classified as available-for-sale and reported at fair value using the specific identification method. Unrealized gains and losses are excluded from earnings and reported as a component of other comprehensive income (loss), net of related estimated tax provisions or benefits. Additionally, we assess whether an other-than-temporary impairment loss on our investments has occurred due to declines in fair value or other market conditions. Declines in fair value that are considered other than temporary are recorded as an impairment of investments in the consolidated statement of income.
 
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