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This excerpt taken from the EBAY 10-K filed Feb 17, 2010. Interest and Other Income, Net
Interest and other income, net, consists of interest earned on cash, cash equivalents and investments, as well as foreign exchange transaction gains and losses, our portion of operating results from investments accounted for under the equity method of accounting, interest expense consisting of interest charges on the amount drawn under our credit agreement and certain accrued contingencies. Included in cost of net revenues, and income from other miscellaneous transactions not related to our primary operations such as the gain on sale of Skype in 2009. Interest and other income, net excludes interest related to Bill Me later, which is included in cost of net revenues. Interest and other income, net increased $1.3 billion during 2009 as compared to 2008. The increase was primarily due to the gain on sale of Skype of $1.4 billion (please see “Note 4 — Sale of Skype” for additional information). The gain on the sale of Skype was partially offset by a decrease in interest income of $86.5 million due to lower interest rates that were earned on lower average cash, cash equivalents and investments balances. The weighted-average interest rate of our cash and interest bearing investments portfolio decreased to 1.13% in 2009 from 3.5% in 2008. Interest and other income, net decreased $29.8 million, or 22%, in 2008 as compared to 2007 due primarily to lower cash, cash equivalents and investments balances and lower interest rates, fewer borrowings and lower interest rates on our credit agreement as well as losses from our portion of unconsolidated joint ventures and investments accounted for under the equity method of accounting, offset in part by foreign currency exchange gains. 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 weighted-average interest rate of our cash and interest bearing investments portfolio decreased to 3.5% in 2008 from 4.2% in 2007. This excerpt taken from the EBAY 10-Q filed Apr 28, 2009. Interest and Other Income, Net
Interest and other income, net, consists of interest earned on cash, cash equivalents and investments, as well as foreign exchange transaction gains and losses, our portion of unconsolidated joint venture and equity investment results, interest expense consisting of interest charges on the amount drawn under our credit agreement and certain accrued contingencies, excluding interest related to Bill Me Later, which is included in cost of net revenues, and other miscellaneous transactions not related to our primary operations. The decrease in interest and other income, net, during the first quarter of 2009, as compared to the same period of the prior year, was due primarily to lower interest income generated by lower interest rates that were earned on lower average cash, cash equivalents and investments balances during the first quarter of 2009.
21
These excerpts taken from the EBAY 10-K filed Feb 20, 2009. Interest
and Other Income, Net
Interest and other income, net consists primarily of interest
earned on cash, cash equivalents and investments as well as
foreign currency exchange transaction gains and losses, our
portion of unconsolidated joint venture and equity investment
results and other miscellaneous transactions not related to our
primary operations.
Interest and other income, net decreased $38.4 million, or
25%, in 2008 as compared to 2007 due primarily to lower cash,
cash equivalents, and investments balances and lower interest
rates, as well as losses from our portion of unconsolidated
joint ventures and equity investments, offset by foreign
currency exchange gains. The weighted-average interest rate of
our cash and interest bearing investments portfolio decreased to
3.5% in 2008 from 4.2% in 2007.
Interest and other income, net increased $24.3 million, or
19%, in 2007 as compared to 2006 due primarily to higher cash,
cash equivalents, and investments balances and higher interest
rates, partially offset by losses from our portion of
unconsolidated joint ventures and equity investments. The
weighted-average interest rate of our cash and interest bearing
investments portfolio increased to 4.2% in 2007 from 3.8% in
2006.
Interest and Other Income, Net
Interest and other income, net consists primarily of interest earned on cash, cash equivalents and investments as well as foreign currency exchange transaction gains and losses, our portion of unconsolidated joint venture and equity investment results and other miscellaneous transactions not related to our primary operations. Interest and other income, net decreased $38.4 million, or 25%, in 2008 as compared to 2007 due primarily to lower cash, cash equivalents, and investments balances and lower interest rates, as well as losses from our portion of unconsolidated joint ventures and equity investments, offset by foreign currency exchange gains. The weighted-average interest rate of our cash and interest bearing investments portfolio decreased to 3.5% in 2008 from 4.2% in 2007. Interest and other income, net increased $24.3 million, or 19%, in 2007 as compared to 2006 due primarily to higher cash, cash equivalents, and investments balances and higher interest rates, partially offset by losses from our portion of unconsolidated joint ventures and equity investments. The weighted-average interest rate of our cash and interest bearing investments portfolio increased to 4.2% in 2007 from 3.8% in 2006. This excerpt taken from the EBAY 10-Q filed Oct 23, 2008. Interest
and Other Income, Net
Interest and other income, net, consists of interest earned on
cash, cash equivalents and investments, as well as foreign
exchange transaction gains and losses, our portion of
unconsolidated joint venture and minority equity investment
results and other miscellaneous transactions not related to our
primary operations.
Interest and other income, net, increased slightly during the
third quarter of 2008 as compared to the same periods of the
prior year. Interest and other income, net, decreased 11% during
the first nine months of 2008 due to lower interest income
generated by lower interest rates earned on lower average cash,
cash equivalents and investments balances.
For the remainder of 2008, compared to the same period in 2007,
we expect interest and other income, net, to decrease based
primarily on lower interest rates and level of invested assets.
Table of Contents
This excerpt taken from the EBAY 10-Q filed Jul 24, 2008. Interest
and Other Income, Net
Interest and other income, net, consists of interest earned on
cash, cash equivalents and investments, as well as foreign
exchange transaction gains and losses, our portion of
unconsolidated joint venture and minority equity investment
results and other miscellaneous transactions not related to our
primary operations.
Interest and other income, net, decreased during the second
quarter and first six months of 2008 as compared to the same
periods of the prior year due to lower interest income generated
by lower interest rates earned on lower average cash, cash
equivalents and investments balances.
We expect interest and other income, net, in 2008, compared to
2007, to vary based primarily on future interest rates and the
level of invested assets, volatility in foreign exchange rates,
the results of our portion of unconsolidated joint ventures and
minority equity investments.
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. Interest
and Other Income, Net
Interest and other income, net, consists of interest earned on
cash, cash equivalents and investments as well as foreign
exchange transaction gains and losses, our portion of
unconsolidated joint venture and minority equity investment
results and other miscellaneous transactions not related to our
primary operations.
Interest and other income, net, remained consistent during the
first quarter of 2008 as compared to the same period of the
prior year due to losses from our portion of unconsolidated
joint ventures and minority equity investment results, offset by
higher foreign exchange transaction losses and higher interest
income. The higher interest income was due primarily to higher
cash, cash equivalents, and investments balances.
For the remainder of 2008, interest and other income, net, will
vary based primarily on future interest rates and the level of
invested assets, volatility in foreign exchange rates, the
results of our portion of unconsolidated joint ventures and
minority equity investments.
Table of Contents
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. Interest
and Other Income, Net
Interest and other income, net, consists of interest earned on
cash, cash equivalents and investments as well as foreign
exchange transaction gains and losses, our portion of
unconsolidated joint venture and minority equity investment
results and other miscellaneous transactions not related to our
primary operations.
Interest and other income, net, remained consistent during the
first quarter of 2008 as compared to the same period of the
prior year due to losses from our portion of unconsolidated
joint ventures and minority equity investment results, offset by
higher foreign exchange transaction losses and higher interest
income. The higher interest income was due primarily to higher
cash, cash equivalents, and investments balances.
For the remainder of 2008, interest and other income, net, will
vary based primarily on future interest rates and the level of
invested assets, volatility in foreign exchange rates, the
results of our portion of unconsolidated joint ventures and
minority equity investments.
Table of Contents
These excerpts taken from the EBAY 10-K filed Feb 29, 2008. Interest
and Other Income, Net
Interest and other income, net consists primarily of interest
earned on cash, cash equivalents and investments as well as
foreign exchange transaction gains and losses, our portion of
unconsolidated joint venture and minority equity investment
results and other miscellaneous transactions not related to our
primary operations.
Interest and other income, net increased in 2007 as compared to
the prior year due primarily to higher cash, cash equivalents,
and investments balances and higher interest rates, partially
offset by losses from our portion of unconsolidated joint
ventures and minority equity investments. The weighted-average
interest rate of our cash and interest bearing investments
portfolio increased to 4.2% in 2007 from 3.8% in 2006.
Our interest and other income, net increased in total and
remained relatively constant as a percentage of net revenues
during 2006 as compared to the prior year, primarily as a result
of increased interest income due to increased cash, cash
equivalents and investments balances and higher interest rates,
offset by the lower cash balances due to our stock repurchase
activity in 2006. The weighted-average interest rate of our cash
and interest bearing investments portfolio increased to 3.8% in
2006 from 2.9% in 2005.
We expect that interest and other income, net, in 2008 will vary
primarily based on future interest rates and the level of
invested assets, which will be impacted by the extent of our
stock repurchase activity, as well as the results of our portion
of unconsolidated joint ventures and our minority equity
investments.
Interest and Other Income, Net
Interest and other income, net consists primarily of interest earned on cash, cash equivalents and investments as well as foreign exchange transaction gains and losses, our portion of unconsolidated joint venture and minority equity investment results and other miscellaneous transactions not related to our primary operations. Interest and other income, net increased in 2007 as compared to the prior year due primarily to higher cash, cash equivalents, and investments balances and higher interest rates, partially offset by losses from our portion of unconsolidated joint ventures and minority equity investments. The weighted-average interest rate of our cash and interest bearing investments portfolio increased to 4.2% in 2007 from 3.8% in 2006. Our interest and other income, net increased in total and remained relatively constant as a percentage of net revenues during 2006 as compared to the prior year, primarily as a result of increased interest income due to increased cash, cash equivalents and investments balances and higher interest rates, offset by the lower cash balances due to our stock repurchase activity in 2006. The weighted-average interest rate of our cash and interest bearing investments portfolio increased to 3.8% in 2006 from 2.9% in 2005. We expect that interest and other income, net, in 2008 will vary primarily based on future interest rates and the level of invested assets, which will be impacted by the extent of our stock repurchase activity, as well as the results of our portion of unconsolidated joint ventures and our minority equity investments. This excerpt taken from the EBAY 10-Q filed Oct 29, 2007. Interest
and Other Income, Net
Interest and other income, net, consists of interest earned on
cash, cash equivalents and investments as well as foreign
exchange transaction gains and losses, our portion of
unconsolidated joint venture results and other miscellaneous
transactions not related to our primary operations.
Interest and other income, net, decreased during the third
quarter of 2007 as compared to the same period of the prior year
due to losses from our portion of unconsolidated joint ventures,
partially offset by higher cash, cash equivalents, and
investments balances and higher interest rates. The
weighted-average interest rate of our portfolio was
approximately 4.3% in the third quarter of 2007 as compared to
4.1% in the same period of the prior year.
Interest and other income, net, increased during the first nine
months of 2007 as compared to the same periods of the prior
year, due primarily to higher cash, cash equivalents and
investments balances and higher interest rates. The
weighted-average interest rate of our portfolio was
approximately 4.1% in the first nine months of 2007, compared to
3.8% in the same period of the prior year.
For the remainder of 2007, interest and other income, net, will
vary primarily based on future interest rates and the level of
invested assets, and our portion of the results of investments
in unconsolidated joint ventures.
This excerpt taken from the EBAY 10-Q filed Jul 27, 2007. Interest
and Other Income, Net
Interest and other income, net, consists of interest earned on
cash, cash equivalents and investments as well as foreign
exchange transaction gains and losses, our portion of
unconsolidated joint venture results and other miscellaneous
transactions not related to our primary operations.
Our interest and other income, net, increased during the second
quarter and the first six months of 2007 as compared to the same
periods of the prior year, due to higher cash, cash equivalents
and investments balances. The weighted-average interest rate of
our portfolio was approximately 4.2% and 4.0% in the second
quarter and the first six months of 2007, respectively, compared
to 3.7% and 3.6% in the second quarter and the first six months
of the prior year, respectively.
For the remainder of 2007, interest and other income, net, will
vary primarily based on future interest rates and the level of
invested assets, and our portion of the results of investments
in unconsolidated entities.
This excerpt taken from the EBAY 10-Q filed Apr 25, 2007. Interest
and Other Income, Net
Interest and other income, net, consists of interest earned on
cash, cash equivalents and investments as well as foreign
exchange transaction gains and losses, our portion of
unconsolidated joint venture results and other miscellaneous
non-operating transactions.
Our interest and other income, net, increased during the first
quarter of 2007 as compared to the same period of the prior
year, due to higher cash, cash equivalents and investments
balances. The weighted-average interest rate of our portfolio
was approximately 3.8% in the first quarter of 2007, compared to
3.5% in the same period of the prior year.
For the remainder of 2007, interest and other income, net, will
vary primarily based on future interest rates and the level of
invested assets, and our portion of unconsolidated joint venture
results.
This excerpt taken from the EBAY 10-K filed Feb 28, 2007. Interest
and Other Income, Net
Interest and other income, net consists primarily of interest
earned on cash, cash equivalents and investments as well as
foreign exchange transaction gains and losses and other
non-operating transactions.
Our interest and other income, net increased in total and
remained relatively constant as a percentage of net revenues
during 2006 as compared to the prior year, primarily as a result
of increased interest income due to increased cash, cash
equivalents and investments balances and higher interest rates
offset by the lower cash balances
Table of Contents
due to our stock repurchase activity in 2006. The
weighted-average interest rate of our portfolio increased to
3.8% in 2006 from 2.9% in 2005.
Our interest and other income, net increased in total and
remained consistent as a percentage of net revenues during 2005
as compared to the prior year, primarily as a result of
increased interest income due to increased cash, cash
equivalents and investments balances and higher interest rates.
The weighted-average interest rate of our portfolio increased to
2.9% in 2005 from 1.7% in 2004.
We expect that interest and other income, net, will decline
slightly during 2007 compared to 2006, as a result of lower cash
balances due to our stock repurchase program. Our expectation
for interest and other income, net, for 2007 excludes the
potential effects from any future acquisitions we may make.
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