EBAY » Topics » Interest Expense

These excerpts taken from the EBAY 10-K filed Feb 20, 2009.
Interest Expense
 
                         
    2006     2007     2008  
    (in thousands, except percentages)  
 
Interest expense
  $ 5,916     $ 16,600     $ 8,037  
As a percentage of net revenues
    0.1 %     0.2 %     0.1 %
 
Interest expense consists of interest charges on the amount drawn under our credit agreement and certain accrued contingencies. The decrease in interest expense during 2008 compared to the prior year is due primarily to less borrowing and lower interest rates. In addition, as a result of the acquisition of Bill Me Later, we include a portion of interest expense within cost of net revenues which represents our estimated cost of funds associated with Bill Me Later loan activity. The increase in interest expense in 2007 compared to 2006 was due primarily to more borrowing under our credit agreement.
 
Interest
Expense



 







































































                         

 

 

2006

 

 

2007

 

 

2008

 

 

 

(in thousands, except percentages)

 
 


Interest expense


 

$

5,916

 

 

$

16,600

 

 

$

8,037

 


As a percentage of net revenues


 

 

0.1

%

 

 

0.2

%

 

 

0.1

%






 



Interest expense consists of interest charges on the amount
drawn under our credit agreement and certain accrued
contingencies. The decrease in interest expense during 2008
compared to the prior year is due primarily to less borrowing
and lower interest rates. In addition, as a result of the
acquisition of Bill Me Later, we include a portion of interest
expense within cost of net revenues which represents our
estimated cost of funds associated with Bill Me Later loan
activity. The increase in interest expense in 2007 compared to
2006 was due primarily to more borrowing under our credit
agreement.


 




This excerpt taken from the EBAY 10-Q filed Oct 23, 2008.
Interest Expense
 
                                                 
    Three Months Ended           Nine Months Ended        
    September 30,
    September 30,
    Percent
    September 30,
    September 30,
    Percent
 
    2007     2008     Change     2007     2008     Change  
    (In thousands, except percentages)  
 
Interest expense
  $ 2,728     $ (11 )     (100 )%   $ 10,004     $ 3,474       (65 )%
As a percentage of net revenues
    0.1 %     0.0 %             0.2 %     0.1 %        
 
Interest expense consists primarily of interest charges on the amount drawn under our existing credit agreement and certain accrued contingencies. The decrease in interest expense in the third quarter and first nine months of 2008 compared to the same periods of the prior year is due primarily to decreased interest charges associated with lower outstanding balances under our credit agreement and certain accrued contingencies.
 
For the remainder of 2008, compared to the same period in 2007, we expect interest expense to increase as we borrowed against our line of credit in October 2008.
 
This excerpt taken from the EBAY 10-Q filed Jul 24, 2008.
Interest Expense
 
                                                 
    Three Months Ended       Six Months Ended    
    June 30,
  June 30,
  Percent
  June 30,
  June 30,
  Percent
    2007   2008   Change   2007   2008   Change
    (In thousands, except percentages)
 
Interest expense
  $ 2,734     $ 619       (77 )%   $ 7,276     $ 3,485       (52 )%
As a percentage of net revenues
    0.1 %     0.0 %             0.2 %     0.1 %        
 
Interest expense consists primarily of interest charges on the amount drawn under our existing credit agreement and certain accrued contingencies. The decrease in interest expense in the second quarter and first six months of 2008 compared to the same periods of the prior year is due primarily to decreased interest charges associated with lower outstanding balances under our credit agreement.
 
We expect interest expense in 2008, compared to 2007, to be driven primarily by the extent to which we use our credit agreement, which in turn will depend on working capital needs and other factors.
 
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008.
Interest Expense
 
                 
    Three Months Ended
    March 31,
  March 31,
    2007   2008
    (In thousands, except percentages)
 
Interest expense
  $ 4,542     $ 2,866  
As a percentage of net revenues
    0.3 %     0.1 %
 
Interest expense consists primarily of interest charges on the amount drawn under our existing credit agreement, bank finance charges and certain accrued contingencies. The decrease in interest expense in the first quarter of 2008, compared to the same period of the prior year, is due primarily to higher interest charges associated with the outstanding amount borrowed under our credit agreement that we incurred in the first quarter of 2007. For the remainder of 2008, interest charges primarily will be driven by the extent to which we use our credit agreement, which in turn will depend on working capital needs and other factors.
 
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008.
Interest Expense
 
                 
    Three Months Ended
    March 31,
  March 31,
    2007   2008
    (In thousands, except percentages)
 
Interest expense
  $ 4,542     $ 2,866  
As a percentage of net revenues
    0.3 %     0.1 %
 
Interest expense consists primarily of interest charges on the amount drawn under our existing credit agreement, bank finance charges and certain accrued contingencies. The decrease in interest expense in the first quarter of 2008, compared to the same period of the prior year, is due primarily to higher interest charges associated with the outstanding amount borrowed under our credit agreement that we incurred in the first quarter of 2007. For the remainder of 2008, interest charges primarily will be driven by the extent to which we use our credit agreement, which in turn will depend on working capital needs and other factors.
 
These excerpts taken from the EBAY 10-K filed Feb 29, 2008.
Interest Expense
 
                         
    2005     2006     2007  
    (in thousands, except percentages)  
 
Interest expense
  $ 3,478     $ 5,916     $ 16,600  
As a percentage of net revenues
    0.1 %     0.1 %     0.2 %
 
Interest expense consists of interest charges on the amount drawn under our credit agreement and certain accrued contingencies. The increase in interest expense during 2007 compared to the prior year is due primarily to interest charges associated with our borrowings under our credit agreement. In 2008, interest expense may be


60


Table of Contents

impacted by our decision to access the available credit under our credit agreement. See additional discussion of our credit agreement in “Note 8 — Commitments and Contingencies” to our consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
 
Interest
Expense



 







































































                         

 

 

2005

 

 

2006

 

 

2007

 

 

 

(in thousands, except percentages)

 
 


Interest expense


 

$

3,478

 

 

$

5,916

 

 

$

16,600

 


As a percentage of net revenues


 

 

0.1

%

 

 

0.1

%

 

 

0.2

%






 



Interest expense consists of interest charges on the amount
drawn under our credit agreement and certain accrued
contingencies. The increase in interest expense during 2007
compared to the prior year is due primarily to interest charges
associated with our borrowings under our credit agreement. In
2008, interest expense may be





60





Table of Contents






impacted by our decision to access the available credit under
our credit agreement. See additional discussion of our credit
agreement in “Note 8 — Commitments and
Contingencies” to our consolidated financial statements
included elsewhere in this Annual Report on
Form 10-K.


 




This excerpt taken from the EBAY 10-Q filed Oct 29, 2007.
Interest Expense
 
                                                         
    Three Months Ended           Nine Months Ended              
    September 30,
    September 30,
    Percent
    September 30,
    September 30,
    Percent
       
    2006     2007     Change     2006     2007     Change        
    (In thousands, except percentages)        
 
Interest expense
  $ 553     $ 2,728       393 %   $ 2,229     $ 10,004       349 %        
As a percentage of net revenues
    0.0 %     0.1 %             0.1 %     0.2 %                
 
Interest expense consists of interest charges on the amount drawn under our line of credit and certain accrued contingencies. The increase in interest expense in the third quarter and the first nine months of 2007, compared to the same periods of the prior year, is primarily due to interest charges associated with our line of credit and certain accrued contingencies. For the remainder of 2007, our use of the line of credit to fund our working capital needs will result in interest charges during the fourth quarter of 2007.
 
This excerpt taken from the EBAY 10-Q filed Jul 27, 2007.
Interest Expense
 
                                                 
    Three Months Ended       Six Months Ended    
    June 30,
  June 30,
  Percent
  June 30,
  June 30,
  Percent
    2006   2007   Change   2006   2007   Change
    (In thousands, except percentages)
 
Interest expense
  $ 929     $ 2,734       194 %   $ 1,676     $ 7,276       334 %
As a percentage of net revenues
    0.1 %     0.1 %             0.1 %     0.2 %        
 
Interest expense consists of interest charges on the amount drawn under our line of credit and certain accrued contingencies. The increase in interest expense in the second quarter and the first six months of 2007, compared to the same period of the prior year, is primarily due to interest charges associated with our line of credit and certain accrued contingencies. During the three months ended June 30, 2007, we borrowed and repaid $200 million under our line of credit. During the six months ended June 30, 2007, we borrowed and repaid $360 million under our line of credit.
 
This excerpt taken from the EBAY 10-Q filed Apr 25, 2007.
Interest Expense
 
                         
    Three Months Ended
    Percent
    Three Months Ended
 
    March 31, 2006     Change     March 31, 2007  
    (In thousands, except percentages)  
 
Interest expense
  $ 747       508 %   $ 4,542  
As a percentage of net revenues
    0.1 %             0.3 %
 
Interest expense consists of interest charges on the amount drawn under our line of credit and certain accrued contingencies. The increase in interest expense in the first quarter of 2007, compared to the same period of the prior year, is primarily due to interest charges associated with our line of credit and certain accrued contingencies. During the three months ended March 31, 2007, we borrowed and repaid $160 million under our line of credit.


25


Table of Contents

 
This excerpt taken from the EBAY 10-K filed Feb 28, 2007.
Interest Expense
 
                         
    2004     2005     2006  
    (In thousands, except percentages)  
 
Interest expense
  $ 8,879     $ 3,478     $ 5,916  
As a percentage of net revenues
    0.3 %     0.1 %     0.1 %
 
Interest expense consists of interest charges on tax contingencies, legal accruals, capital leases and our consolidated lease arrangement related to our San Jose headquarters office facilities. In 2007, interest expense may be impacted by our decision to utilize our line of credit. See additional discussion of our line of credit in “Note 8 — Commitments and Contingencies” to our consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
 
This excerpt taken from the EBAY 10-Q filed Jul 28, 2006.
Interest Expense
 
                                                 
    Three Months
      Three Months
  Six Months
      Six Months
    Ended
      Ended
  Ended
      Ended
    June 30,
  Percent
  June 30,
  June 30,
  Percent
  June 30,
    2005   Change   2006   2005   Change   2006
    (In thousands, except percentages)
 
Interest expense
  $ 405       129 %   $ 929     $ 2,125       (21 )%   $ 1,676  
As a percentage of net revenues
    0.0 %             0.1 %     0.1 %             0.1 %
 
Interest expense in 2005 consisted of interest charges related to our San Jose headquarters lease facilities, capital leases, and mortgage notes.
 
Interest expense increased during the second quarter of 2006 as compared to the same period of the prior year due to the continued interest on certain tax and legal accruals. Interest expense decreased during the first six months of 2006 as compared to the same period of the prior year primarily due to the payment of the lease obligation for our San Jose headquarters facility on March 1, 2005. We expect our interest expense will decrease both in total and as a percentage of net revenue during 2006 compared to 2005.
 
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki