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This excerpt taken from the EBAY 10-Q filed Apr 28, 2009. Goodwill The following table presents goodwill balances and the movements for each of our reportable segments during the three months ended March 31, 2009 (in thousands):
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Investments accounted for under the equity method of accounting are classified on our balance sheet as long-term investments. Such investments include identifiable intangible assets, deferred tax liabilities and goodwill. As of December 31, 2008 and March 31, 2009, the goodwill related to our equity investments, included above, was approximately $27.4 million. The adjustments to goodwill during the three months ended March 31, 2009 were due primarily to foreign currency translation. These excerpts taken from the EBAY 10-K filed Feb 20, 2009. Goodwill
Goodwill information for each reportable segment is as follows
(in thousands):
Investments accounted for under the equity method of accounting
are classified on our balance sheet as long-term investments.
Such investments include any related identifiable intangible
assets, deferred tax liabilities and goodwill. Goodwill related
to our equity method investments, included in the table above,
was approximately $27.4 million as of December 31,
2007 and 2008.
The changes in goodwill during the year ended December 31,
2008 were primarily due to the recording of goodwill for new
acquisitions and foreign currency translation adjustments.
We conducted our annual impairment test of goodwill as of
August 31, 2008 and determined that no adjustment to the
carrying value of goodwill for any reportable units was
necessary. As of December 31, 2008, we determined that no
events or circumstances from August 31, 2008 through
December 31, 2008 indicate that a further assessment was
necessary.
We conducted our annual impairment test of goodwill as of
August 31, 2007 and concluded that the carrying amount of
our Communications reporting unit exceeded its fair value and
recorded an impairment charge of approximately $1.4 billion
during the year ended December 31, 2007. The impairment
charge included the impact
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eBay
Inc.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
of the Skype earn out settlement payment and was determined by
comparing the carrying value of goodwill in our Communications
reporting unit with the implied fair value of the goodwill. We
determined the fair value of the Communications reporting unit
using the income approach, which requires estimates of future
operating results and cash flows discounted using an estimated
discount rate. Our estimates resulted from an updated long-term
financial outlook developed as part of our strategic planning
cycle conducted annually during our third quarter. Our estimates
of future operating results for our Communications reporting
unit are for an early stage business with limited financial
history, as well as developing revenue models. These factors
increase the risk of differences between projected and actual
performance that could impact future estimates of fair value of
the Communications reporting unit.
Goodwill Goodwill information for each reportable segment is as follows (in thousands):
Investments accounted for under the equity method of accounting are classified on our balance sheet as long-term investments. Such investments include any related identifiable intangible assets, deferred tax liabilities and goodwill. Goodwill related to our equity method investments, included in the table above, was approximately $27.4 million as of December 31, 2007 and 2008. The changes in goodwill during the year ended December 31, 2008 were primarily due to the recording of goodwill for new acquisitions and foreign currency translation adjustments. We conducted our annual impairment test of goodwill as of August 31, 2008 and determined that no adjustment to the carrying value of goodwill for any reportable units was necessary. As of December 31, 2008, we determined that no events or circumstances from August 31, 2008 through December 31, 2008 indicate that a further assessment was necessary. We conducted our annual impairment test of goodwill as of August 31, 2007 and concluded that the carrying amount of our Communications reporting unit exceeded its fair value and recorded an impairment charge of approximately $1.4 billion during the year ended December 31, 2007. The impairment charge included the impact
Table of ContentseBay Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) of the Skype earn out settlement payment and was determined by comparing the carrying value of goodwill in our Communications reporting unit with the implied fair value of the goodwill. We determined the fair value of the Communications reporting unit using the income approach, which requires estimates of future operating results and cash flows discounted using an estimated discount rate. Our estimates resulted from an updated long-term financial outlook developed as part of our strategic planning cycle conducted annually during our third quarter. Our estimates of future operating results for our Communications reporting unit are for an early stage business with limited financial history, as well as developing revenue models. These factors increase the risk of differences between projected and actual performance that could impact future estimates of fair value of the Communications reporting unit. This excerpt taken from the EBAY 10-Q filed Oct 23, 2008. Goodwill
The following table presents goodwill balances and the movements
for each of our reportable segments during the nine months ended
September 30, 2008 (in thousands):
Investments accounted for under the equity method of accounting
are classified on our balance sheet as long-term investments.
Such investments include identifiable intangible assets,
deferred tax liabilities and goodwill. As
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eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
of December 31, 2007 and September 30, 2008, the
goodwill related to our equity investments, included above, was
approximately $27.4 million.
The changes in goodwill during the nine months ended
September 30, 2008 were due primarily to the acquisition of
Fraud Sciences and foreign currency translation adjustments.
In accordance with Statement of FAS No. 142,
“Goodwill and Other Intangible Assets,” goodwill is
subject to at least an annual assessment for impairment,
applying a fair-value based test. We conducted our annual
impairment test as of August 31, 2008 and determined there
was no impairment. There were no events or circumstances from
that date through September 30, 2008 indicating that a
further assessment was necessary.
This excerpt taken from the EBAY 10-Q filed Jul 24, 2008. Goodwill
The following table presents goodwill balances and the movements
for each of our reportable segments during the six months ended
June 30, 2008 (in thousands):
Investments accounted for under the equity method of accounting
are classified on our balance sheet as long-term investments.
Such investments include identifiable intangible assets,
deferred tax liabilities and goodwill. As of December 31,
2007 and June 30, 2008, the goodwill related to our equity
investments, included above, was approximately
$27.4 million.
The changes in goodwill during the six months ended
June 30, 2008 were due primarily to the acquisition of
Fraud Sciences and foreign currency translation adjustments.
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eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. Goodwill
The following table presents goodwill balances and the movements
for each of our reportable segments during the three months
ended March 31, 2008 (in thousands):
Investments accounted for under the equity method of accounting
are classified on our balance sheet as long-term investments.
Such investments include identifiable intangible assets,
deferred tax liabilities and goodwill. As of December 31,
2007 and March 31, 2008, the goodwill related to our equity
investments, included above, was approximately
$27.4 million.
The changes in goodwill during the three months ended
March 31, 2008 were due primarily to the acquisition of
Fraud Sciences and foreign currency translation adjustments.
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eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. Goodwill
The following table presents goodwill balances and the movements
for each of our reportable segments during the three months
ended March 31, 2008 (in thousands):
Investments accounted for under the equity method of accounting
are classified on our balance sheet as long-term investments.
Such investments include identifiable intangible assets,
deferred tax liabilities and goodwill. As of December 31,
2007 and March 31, 2008, the goodwill related to our equity
investments, included above, was approximately
$27.4 million.
The changes in goodwill during the three months ended
March 31, 2008 were due primarily to the acquisition of
Fraud Sciences and foreign currency translation adjustments.
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eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
This excerpt taken from the EBAY 10-K filed Feb 29, 2008. Goodwill
Goodwill information for each segment is as follows (in
thousands):
Investments accounted for under the equity method of accounting
are classified on our balance sheet as long-term investments.
Such investments include identifiable intangible assets,
deferred tax liabilities and goodwill. Goodwill related to our
equity method investments, included above, was approximately
$27.4 million as of December 31, 2006 and 2007.
The changes in goodwill during the year ended December 31,
2007 were substantially due to the recording of goodwill for
completed acquisitions, the earn out settlement with certain
former shareholders of Skype, impairment charges related to
Skype and foreign currency translation adjustments.
We conducted our annual impairment test of goodwill as of
August 31, 2007 in accordance with SFAS No. 142,
“Goodwill and Other Intangible Assets.” As a result of
this test, we concluded that the carrying amount of our
Communications reporting unit exceeded its fair value and
recorded an impairment charge of approximately $1.4 billion
during the year ended December 31, 2007. The impairment
charge includes the impact of the earn out settlement payment
described below and was determined by comparing the carrying
value of goodwill in our Communications reporting unit with the
implied fair value of the goodwill. We determined the fair value
of the Communications reporting unit using the income approach,
which requires estimates of future operating results and cash
flows discounted using an estimated discount rate. Our estimates
resulted from an updated long-term financial outlook developed
as part of our strategic planning cycle conducted annually
during our third quarter. Our estimates of future operating
results for our Communications reporting unit are for an early
stage business with limited financial history, as well as
developing revenue models. These factors increase the risk of
differences between projected and actual performance that could
impact future estimates of fair value of the Communications
reporting unit.
In conjunction with our acquisition of Skype in 2005, we agreed
to certain performance-based earn out payments. During the year
ended December 31, 2007, we entered into an earn out
settlement agreement with each of the former shareholders of
Skype who had elected the earn out alternative at the time of
the acquisition, under which we were relieved of all obligations
under the original earn out agreement in exchange for an
aggregate cash payment of €375.1 million, or
approximately $530.3 million. Goodwill was recorded because
the earn out settlement amount was considered additional
purchase price.
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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
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