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This excerpt taken from the EBAY 10-K filed Feb 17, 2010. General and Administrative
General and administrative expenses consist primarily of employee compensation, contractor costs, facilities costs, depreciation of equipment, employer payroll taxes on employee stock-based compensation, legal settlement costs, insurance and professional fees. General and administrative expenses increased $419.5 million, or 42%, in 2009 compared to 2008. The increase during 2009 was due primarily to a charge of $343.2 million, related to the settlement of a lawsuit between Skype, Joltid and entities controlled by Joltid’s founders and $30.2 million related to costs associated with our acquisition and divestiture activities primarily related to the sale of Skype (sold November 2009) and the acquisition of Gmarket (acquired June 2009). General and administrative expenses also increased by $58.0 million due to the inclusion of costs attributable to Gmarket, Bill Me Later (acquired November 2008) and Den Blå Avis and BilBasen (acquired October 2008). The increases were partially offset by lower contractor costs and a reduction in certain international indirect taxes of $22.0 million. General and administrative expenses as a percentage of net revenue in 2009 increased due to the settlement charge noted above and the unfavorable impact of foreign currency exchange rates against the U.S. dollar. General and administrative costs are more weighted toward U.S. dollar costs. General and administrative expenses increased $94.2 million, or 10%, in 2008 compared to 2007. The increase was due primarily to an increase in professional services costs, employee-related costs and facilities costs. Professional services costs increased $54.5 million due primarily to costs incurred in connection with various ongoing legal proceedings, which can fluctuate substantially from period to period. Employee-related and facilities costs increased by approximately $40.2 million due to a net increase in headcount. General and administrative expenses as a percentage of net revenue decreased slightly from 2007 due to our continued leverage of our existing infrastructure. This excerpt taken from the EBAY 10-Q filed Apr 28, 2009. General and Administrative
General and administrative expenses consist primarily of employee compensation, contractor costs, facilities costs, depreciation of equipment, employer payroll taxes on employee stock-based compensation, insurance and professional fees. The decrease in general and administrative expenses in the first quarter of 2009 of $13.4 million, or 5%, compared to the same period of the prior year, was due primarily to decreases in employee-related and contractor costs partially offset by acquisition related costs and the impact of the change in foreign currency rates. General and administrative expenses as a percentage of net revenue in the first quarter of 2009 increased slightly due to a decline in net revenues year over year.
20
These excerpts taken from the EBAY 10-K filed Feb 20, 2009. General
and Administrative
General and administrative expenses consist primarily of
employee compensation, contractor costs, facilities costs,
depreciation of equipment, employer payroll taxes on employee
stock-based compensation, insurance and professional fees.
General and administrative expenses increased
$94.2 million, or 10%, in 2008 compared to 2007 due
primarily to an increase in professional services,
employee-related costs and facilities costs. Professional
services costs increased $54.5 million due primarily to
legal related costs incurred in connection with various ongoing
litigation that can fluctuate from period to period.
Employee-related costs and facilities costs increased by
approximately $40.2 million due to a net increase in
headcount. General and administrative expenses as a percentage
of net revenue decreased slightly from 2007 due to our continued
leverage of our existing infrastructure.
General and administrative expenses increased
$160.3 million, or 22%, in 2007 compared to 2006 due
primarily to an increase in employee-related costs, facilities
costs, and professional services. Employee-related costs and
facilities costs increased by approximately $111.6 million
due primarily to an increase in headcount. Professional services
costs increased $35.7 million. General and administrative
expenses as a percentage of net revenue decreased from 2006 due
to our continued leverage of our existing infrastructure.
General and Administrative
General and administrative expenses consist primarily of employee compensation, contractor costs, facilities costs, depreciation of equipment, employer payroll taxes on employee stock-based compensation, insurance and professional fees. General and administrative expenses increased $94.2 million, or 10%, in 2008 compared to 2007 due primarily to an increase in professional services, employee-related costs and facilities costs. Professional services costs increased $54.5 million due primarily to legal related costs incurred in connection with various ongoing litigation that can fluctuate from period to period. Employee-related costs and facilities costs increased by approximately $40.2 million due to a net increase in headcount. General and administrative expenses as a percentage of net revenue decreased slightly from 2007 due to our continued leverage of our existing infrastructure. General and administrative expenses increased $160.3 million, or 22%, in 2007 compared to 2006 due primarily to an increase in employee-related costs, facilities costs, and professional services. Employee-related costs and facilities costs increased by approximately $111.6 million due primarily to an increase in headcount. Professional services costs increased $35.7 million. General and administrative expenses as a percentage of net revenue decreased from 2006 due to our continued leverage of our existing infrastructure. This excerpt taken from the EBAY 10-Q filed Oct 23, 2008. General
and Administrative
General and administrative expense consists primarily of
employee compensation, contractor costs, provisions for
transaction losses associated with PayPal, facilities costs,
depreciation of equipment, provision for doubtful accounts,
payroll taxes on employee stock options, insurance, professional
fees and legal related costs.
General and administrative expense increased by
$44.3 million and $171.4 million in the third quarter
and first nine months of 2008, respectively, compared to the
same periods of the prior year due to higher employee related
costs, legal costs, provision for doubtful accounts and
authorized credits, and provision for transaction losses.
Employee-related costs, including the cost of using contractors,
facilities and equipment, increased by $14.3 million and
$67.2 million in the third quarter and first nine months of
2008, respectively, to support our global growth. Legal-related
costs increased by $9.1 million and $53.1 million in
the third quarter and first nine months of 2008, respectively,
relating primarily to various ongoing litigation. These costs
may fluctuate from period to period. Provision for doubtful
accounts and authorized credits increased by $10.0 million
and $25.4 million in the third quarter and first nine
months of 2008, respectively, due to higher revenue and the
current market conditions.
PayPal’s provision for transaction losses increased by
$12.6 million and $17.3 million for the third quarter
and first nine months of 2008, respectively, compared to the
same periods of the prior year, due primarily to higher TPV.
PayPal’s transaction loss rate, which is the transaction
loss expense as a percentage of PayPal’s TPV, was 0.29% and
0.26% during the third quarter and first nine months of 2008,
respectively, compared to 0.27% and 0.30% during the third
quarter and first nine months of 2007, respectively. The
increase in the transaction loss rate for the third quarter
compared to the same period in the prior year is due primarily
to a reduction in transaction losses in the third quarter of
2007 as a result of a refinement in our estimate. The decrease
in our transaction loss rate for the first nine months compared
to the same period in the prior year is due to our continued
enhancement of our fraud detection models based on our
historical experiences.
For the remainder of 2008, compared to the same period in 2007,
we expect general and administrative expense to increase in
total and as a percentage of net revenues due to our continued
investment across all areas of our business and related
corporate functions. In addition, we expect our transaction loss
rate to fluctuate depending on many factors such as the increase
in protection coverage, product and credit policy changes,
historical loss experience, TPV, macroeconomic factors and
proportion of payments made with credit cards.
Table of Contents
This excerpt taken from the EBAY 10-Q filed Jul 24, 2008. General
and Administrative
General and administrative expense consists primarily of
employee compensation, contractor costs, provisions for
transaction losses associated with PayPal, facilities costs,
depreciation of equipment, provision for doubtful accounts,
payroll taxes on employee stock options, insurance, professional
fees and legal related costs.
General and administrative expense increased by
$50.2 million and $127.1 million in the second quarter
and first six months of 2008, respectively, compared to the same
periods of the prior year due to higher employee related costs,
legal costs, and provision for transaction losses.
Employee-related costs, including the cost of using contractors,
facilities and equipment, increased by $21.3 million and
$52.9 million in the second quarter and first six months of
2008, respectively, to support our global growth. Legal-related
costs increased by $17.4 million and $44.0 million in
the second quarter and first six months of 2008, respectively,
and were incurred in connection with various ongoing litigation
that we face and may fluctuate from period to period.
PayPal’s provision for transaction losses increased by
$6.8 million and $4.8 million for the second quarter
and first six months of 2008, respectively, compared to the same
periods of the prior year due primarily to higher TPV.
PayPal’s transaction loss rate, which is the transaction
loss expense as a percentage of PayPal’s TPV, decreased to
0.27% and 0.25% during the second quarter and first six months
of 2008, respectively, compared to 0.31% and 0.32% during the
second quarter and first six months of 2007, respectively. The
decrease in the transaction loss rate is due to our continued
enhancement of our fraud detection models based on our
historical experiences.
We expect general and administrative expense in 2008, compared
to 2007, to increase in total and remain relatively consistent
as a percentage of net revenues due to our continued investment
across all areas of our business and related corporate
functions. In addition, we expect our transaction loss rate to
fluctuate depending on many factors such as product and credit
policy changes, historical loss experience, TPV, macroeconomic
factors and proportion of payments made with credit cards.
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. General
and Administrative
General and administrative expense consists primarily of
employee compensation, contractor costs, provisions for
transaction losses associated with PayPal, facilities costs,
depreciation of equipment, provision for doubtful accounts,
payroll taxes on employee stock options, insurance and
professional fees.
The increase in general and administrative expense in the first
quarter of 2008 of $76.9 million, compared to the same
period of the prior year, was due primarily to an increase of
legal-related costs of $26.6 million, incurred in
connection with various ongoing litigation we have and can
fluctuate from period to period, an increase in employee related
costs, including the cost of using contractors, of
$21.6 million to support our global growth, an increase in
bad debt expense of $11.3 million, and an increase in
certain international indirect taxes of $9.6 million.
PayPal’s transaction loss expense is included in general
and administrative expenses. PayPal’s transaction loss
rate, which is the transaction loss expense as a percentage of
PayPal’s TPV, decreased to 0.24% during the first
Table of Contents
quarter of 2008, compared to 0.33% during the first quarter of
2007. The decrease in the transaction loss rate is due to
improved fraud detection models, which continue to be refined.
As a result of the lower transaction loss rate, general and
administrative costs decreased by $2.0 million compared to
the same period last year. We continue to expect our transaction
loss rate to fluctuate depending on many factors such as product
and credit policy changes, historical loss experience, total
payment volume and proportion of payments made with credit cards.
For the remainder of 2008, we expect general and administrative
expense to increase in total and remain relatively consistent as
a percentage of net revenues, due to our continued investment
across all areas of our business and related corporate
functions, particularly in our consumer protection programs, as
well as customer support costs offset by leverage in our
traditional general and administrative functions.
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. General
and Administrative
General and administrative expense consists primarily of
employee compensation, contractor costs, provisions for
transaction losses associated with PayPal, facilities costs,
depreciation of equipment, provision for doubtful accounts,
payroll taxes on employee stock options, insurance and
professional fees.
The increase in general and administrative expense in the first
quarter of 2008 of $76.9 million, compared to the same
period of the prior year, was due primarily to an increase of
legal-related costs of $26.6 million, incurred in
connection with various ongoing litigation we have and can
fluctuate from period to period, an increase in employee related
costs, including the cost of using contractors, of
$21.6 million to support our global growth, an increase in
bad debt expense of $11.3 million, and an increase in
certain international indirect taxes of $9.6 million.
PayPal’s transaction loss expense is included in general
and administrative expenses. PayPal’s transaction loss
rate, which is the transaction loss expense as a percentage of
PayPal’s TPV, decreased to 0.24% during the first
Table of Contents
quarter of 2008, compared to 0.33% during the first quarter of
2007. The decrease in the transaction loss rate is due to
improved fraud detection models, which continue to be refined.
As a result of the lower transaction loss rate, general and
administrative costs decreased by $2.0 million compared to
the same period last year. We continue to expect our transaction
loss rate to fluctuate depending on many factors such as product
and credit policy changes, historical loss experience, total
payment volume and proportion of payments made with credit cards.
For the remainder of 2008, we expect general and administrative
expense to increase in total and remain relatively consistent as
a percentage of net revenues, due to our continued investment
across all areas of our business and related corporate
functions, particularly in our consumer protection programs, as
well as customer support costs offset by leverage in our
traditional general and administrative functions.
These excerpts taken from the EBAY 10-K filed Feb 29, 2008. General
and Administrative
General and administrative expenses consist primarily of
employee compensation, contractor costs, provisions for
transaction losses associated with PayPal, facilities costs,
depreciation of equipment, provision for doubtful accounts,
employer payroll taxes on employee stock-based compensation,
insurance and professional fees.
The increase in general and administrative expenses of
$177.7 million during 2007 was due primarily to an increase
in employee-related costs, facilities costs, professional
services, and transaction loss expense. Employee-related costs,
consultant costs and facilities costs increased by approximately
$111.6 million during 2007 as compared to the prior year
due primarily to our continued focus on consumer protection
programs. Professional services costs increased
$35.7 million during 2007 compared to the prior year.
PayPal’s transaction loss rate, which is the transaction
loss expense as a percentage of PayPal’s net TPV,
decreased to 0.29% during 2007, compared to 0.35% during 2006;
however, transaction loss expense still increased by
approximately $12.8 million because of the increase in
net TPV. We continue to expect our transaction loss rate to
fluctuate depending on many factors, including historical
experience of losses, protection programs, funding mix and
net TPV. The funding mix reflects how senders fund their
payment transactions (through credit cards, electronic funds
transfers, buyer credit, or existing PayPal account balances).
General and administrative expense as a percentage of net
revenue decreased from 2006 due to our continued leverage of our
existing infrastructure.
The increase in general and administrative expenses of
$328.8 million during 2006 was due primarily to increased
employee-related costs, consultant costs, higher Payments
transaction loss expenses, and the effect of stock-based
compensation expense related to equity awards and employee stock
purchases under FAS 123(R). Employee-related costs and
consultant costs increased by approximately $112.6 million
during 2006 as compared to the prior year due to our continued
focus on user protection programs. The transaction loss rate in
our Payments segment increased to 0.35% in 2006 compared to
0.28% in 2005, causing an increase in expense of approximately
$52.7 million. The increase in the transaction loss rate
were due primarily to higher levels of credit card chargebacks
from unauthorized credit card transactions, which resulted from
our decision to strategically enter into new customer segments
(new countries and direct card processing) having higher loss
rates.
For 2008, we expect general and administrative expense to
increase in total due to our continued investment across all
areas of our business and related corporate functions,
particularly in our consumer protection programs, as well as
costs associated with transaction losses. However, general and
administrative expenses are expected to decrease as a percentage
of net revenues due to increased efficiency in our general and
administrative functions, which we expect will be partially
offset by investments in our consumer protection programs.
General and Administrative
General and administrative expenses consist primarily of employee compensation, contractor costs, provisions for transaction losses associated with PayPal, facilities costs, depreciation of equipment, provision for doubtful accounts, employer payroll taxes on employee stock-based compensation, insurance and professional fees. The increase in general and administrative expenses of $177.7 million during 2007 was due primarily to an increase in employee-related costs, facilities costs, professional services, and transaction loss expense. Employee-related costs, consultant costs and facilities costs increased by approximately $111.6 million during 2007 as compared to the prior year due primarily to our continued focus on consumer protection programs. Professional services costs increased $35.7 million during 2007 compared to the prior year. PayPal’s transaction loss rate, which is the transaction loss expense as a percentage of PayPal’s net TPV, decreased to 0.29% during 2007, compared to 0.35% during 2006; however, transaction loss expense still increased by approximately $12.8 million because of the increase in net TPV. We continue to expect our transaction loss rate to fluctuate depending on many factors, including historical experience of losses, protection programs, funding mix and net TPV. The funding mix reflects how senders fund their payment transactions (through credit cards, electronic funds transfers, buyer credit, or existing PayPal account balances). General and administrative expense as a percentage of net revenue decreased from 2006 due to our continued leverage of our existing infrastructure. The increase in general and administrative expenses of $328.8 million during 2006 was due primarily to increased employee-related costs, consultant costs, higher Payments transaction loss expenses, and the effect of stock-based compensation expense related to equity awards and employee stock purchases under FAS 123(R). Employee-related costs and consultant costs increased by approximately $112.6 million during 2006 as compared to the prior year due to our continued focus on user protection programs. The transaction loss rate in our Payments segment increased to 0.35% in 2006 compared to 0.28% in 2005, causing an increase in expense of approximately $52.7 million. The increase in the transaction loss rate were due primarily to higher levels of credit card chargebacks from unauthorized credit card transactions, which resulted from our decision to strategically enter into new customer segments (new countries and direct card processing) having higher loss rates. For 2008, we expect general and administrative expense to increase in total due to our continued investment across all areas of our business and related corporate functions, particularly in our consumer protection programs, as well as costs associated with transaction losses. However, general and administrative expenses are expected to decrease as a percentage of net revenues due to increased efficiency in our general and administrative functions, which we expect will be partially offset by investments in our consumer protection programs. This excerpt taken from the EBAY 10-Q filed Oct 29, 2007. General
and Administrative
General and administrative expense consists primarily of
employee compensation, contractor costs, provisions for
transaction losses associated with PayPal, facilities costs,
depreciation of equipment, provision for doubtful accounts,
payroll taxes on employee stock options, insurance and
professional fees.
The increase in general and administrative expense in the third
quarter of 2007 of $50.9 million, compared to the same
period of the prior year, was primarily due to an increase in
employee related costs, facilities costs and professional
services, partially offset by a slight decrease in the provision
for transaction losses associated with PayPal. Employee related
and facilities costs increased $34.4 million during the
third quarter of 2007, compared to the same period in the prior
year due to an increase in staff. Professional services costs
increased $10.7 million during the third quarter of 2007,
compared to the same period in the prior year. PayPal’s
transaction loss expense decreased $0.7 million during the
third quarter of 2007, compared to the same period in the prior
year. During the third quarter of 2007, we refined our estimate
for chargeback losses, which resulted in a $10.9 million
reduction in transaction loss expense. The benefit from our
refined estimate was offset by loss increases in chargebacks and
protection programs. As such, PayPal’s transaction loss
rate, which is the transaction loss expense as a percentage of
PayPal’s total payment volume, decreased to 0.25% during
the third quarter of 2007, compared to 0.35% during the third
quarter of 2006. We continue to expect our transaction loss rate
to fluctuate depending on many factors, such as historical
experience of losses, funding mix and total payment volume. The
funding mix reflects how senders fund their payment transactions
(credit cards, electronic funds transfers, or existing PayPal
account balances).
The increase in general and administrative expense in the first
nine months of 2007 of $146.6 million, compared to the same
period of the prior year, was primarily due to an increase in
employee-related costs, facilities costs, professional services
and an increase in the provision for transaction losses
associated with PayPal. Employee-related and facilities costs
increased $85.9 million during the first nine months of
2007, compared to the same period in the prior year due to an
increase in staff. Professional services costs increased
$22.2 million during the first nine months of 2007,
compared to the same period in the prior year. Transaction loss
expense increased $19.2 million during the first nine
months of 2007, compared to the same period in the prior year.
Our transaction loss rate decreased to 0.29% during the first
nine months of 2007, compared to 0.31% during the first nine
months of 2006. Our transaction loss rate for the first nine
months ended 2007 was positively impacted by the refined
estimate mentioned above.
Table of Contents
For the remainder of 2007, we expect general and administrative
expense to increase due to our continued investment across all
areas of our business and related corporate functions,
particularly in our consumer protection programs, as well as
costs associated with transaction losses. However, general and
administrative expense is expected to decrease as a percentage
of net revenues due to leverage in our traditional general and
administrative functions, which we expect will be partially
offset by investments in our consumer protection programs.
This excerpt taken from the EBAY 10-Q filed Jul 27, 2007. General
and Administrative
General and administrative expenses consist primarily of
employee compensation, contractor costs, provisions for
transaction losses associated with PayPal, facilities costs,
depreciation of equipment, provision for doubtful accounts,
payroll taxes on employee stock options, insurance and
professional fees.
The increase in general and administrative expenses in the
second quarter and the first six months of 2007 of
$46.9 million and $95.7 million, respectively,
compared to the same periods of the prior year, was primarily
due to the provision for transaction losses associated with
PayPal, employee related costs, facilities costs and
professional services. PayPal’s payment transaction loss
rate, which is the transaction loss expense as a percentage of
PayPal’s total payment volume, increased to 0.29% and 0.30%
during the second quarter and the first six months of 2007,
respectively, compared to 0.27% and 0.28% during the second
quarter and the first six months of 2006, respectively. Our
transaction loss rate can fluctuate widely depending on many
factors, such as historical experience of losses, funding mix
and total payment volume. The funding mix reflects how senders
fund their payment transactions (credit cards, electronic funds
transfers, or existing PayPal account balances). Transaction
loss expense increased $9.6 million and $19.9 million
during the second quarter and the first six months of 2007,
respectively, compared to the same periods in the prior year.
Employee related costs and facilities costs increased
$26.1 million and $51.5 million during the second
quarter and the first six months of 2007, respectively, compared
to the same periods in the prior year due to an increase in
staff. Professional services costs increased $8.5 million
and $11.5 million during the second quarter and the first
six months of 2007, respectively, compared to the same periods
in the prior year.
For the remainder of 2007, we expect general and administrative
expenses to increase due to our continued investment across all
areas of our business and related corporate functions,
particularly in our consumer protection programs. General and
administrative expenses are expected to decrease as a percentage
of net revenues due to leverage in our traditional general and
administrative functions, which we expect will be partially
offset by investments in our consumer protection programs.
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