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EBAY » Topics » Note 2 - Net Income Per Share:

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

Note 2 — Net Income Per Share:

Basic net income per share is computed by dividing the net income for the period by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing the net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and restricted stock units is reflected in diluted earnings per share by application of the treasury stock method. The calculation of diluted net income per share excludes all anti-dilutive shares. The following table sets forth the computation of basic and diluted net income per share for the periods indicated (in thousands, except per share amounts):

 

     Year Ended December 31,
     2007    2008    2009

Numerator:

         

Net income

    $ 348,251    $ 1,779,474    $ 2,389,097
                    

Denominator:

         

Weighted average common shares — basic

      1,358,797      1,303,454      1,289,848

Dilutive effect of equity incentive plans

      17,377      9,154      15,133
                    

Weighted average common shares — diluted

      1,376,174      1,312,608      1,304,981
                    

Net income per share:

         

Basic

    $ 0.26    $ 1.37    $ 1.85
                    

Diluted

    $ 0.25    $ 1.36    $ 1.83
                    

Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive

      83,422      102,642      53,026
                    
This excerpt taken from the EBAY 10-Q filed Apr 28, 2009.

Note 2 — Net Income Per Share

Basic net income per share is computed by dividing the net income for the period by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing the net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and restricted stock is reflected in diluted earnings per share by application of the treasury stock method. The calculation of diluted net income per share excludes all anti-dilutive shares. The following table sets forth the computation of basic and diluted net income per share for the periods indicated (in thousands, except per share amounts):

 

     Three Months Ended March 31,
     2008    2009

Numerator:

      

Net income

    $ 459,718    $ 357,113
             

Denominator:

      

Weighted average common shares—basic

      1,333,791      1,283,810

Dilutive effect of equity incentive plans

      10,198      4,004
             

Weighted average common shares—diluted

      1,343,989      1,287,814
             

Net income per share:

      

Basic

    $ 0.34    $ 0.28
             

Diluted

    $ 0.34    $ 0.28
             

Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive

      94,884      128,097
             
These excerpts taken from the EBAY 10-K filed Feb 20, 2009.
Note 2 — Net Income Per Share:
 
Basic net income per share is computed by dividing the net income for the period by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing the net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and restricted stock is reflected in diluted earnings per share by application of the treasury stock method. The calculation of diluted net income per share excludes all anti-dilutive shares. The following table sets forth the computation of basic and diluted net income per share for the periods indicated (in thousands, except per share amounts):
 
                         
    Year Ended December 31,  
    2006     2007     2008  
 
Numerator:
                       
Net income
  $ 1,125,639     $ 348,251     $ 1,779,474  
                         
Denominator:
                       
Weighted average common shares — basic
    1,399,251       1,358,797       1,303,454  
Dilutive effect of equity incentive plans
    26,221       17,377       9,154  
                         
Weighted average common shares — diluted
    1,425,472       1,376,174       1,312,608  
                         
Net income per share:
                       
Basic
  $ 0.80     $ 0.26     $ 1.37  
                         
Diluted
  $ 0.79     $ 0.25     $ 1.36  
                         
Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive
    73,651       83,422       102,642  
                         


87

Table of Contents

 
eBay Inc.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
Note 2 —
Net Income Per Share:


 



Basic net income per share is computed by dividing the net
income for the period by the weighted average number of common
shares outstanding during the period. Diluted net income per
share is computed by dividing the net income for the period by
the weighted average number of shares of common stock and
potentially dilutive common stock outstanding during the period.
The dilutive effect of outstanding options and restricted stock
is reflected in diluted earnings per share by application of the
treasury stock method. The calculation of diluted net income per
share excludes all anti-dilutive shares. The following table
sets forth the computation of basic and diluted net income per
share for the periods indicated (in thousands, except per share
amounts):


 

























































































































































































































































































                         

 

 

Year Ended December 31,

 

 

 

2006

 

 

2007

 

 

2008

 
 


Numerator:


 

 

 

 

 

 

 

 

 

 

 

 


Net income


 

$

1,125,639

 

 

$

348,251

 

 

$

1,779,474

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Denominator:


 

 

 

 

 

 

 

 

 

 

 

 


Weighted average common shares — basic


 

 

1,399,251

 

 

 

1,358,797

 

 

 

1,303,454

 


Dilutive effect of equity incentive plans


 

 

26,221

 

 

 

17,377

 

 

 

9,154

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Weighted average common shares — diluted


 

 

1,425,472

 

 

 

1,376,174

 

 

 

1,312,608

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Net income per share:


 

 

 

 

 

 

 

 

 

 

 

 


Basic


 

$

0.80

 

 

$

0.26

 

 

$

1.37

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Diluted


 

$

0.79

 

 

$

0.25

 

 

$

1.36

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Common stock equivalents excluded from income per diluted share
because their effect would have been
anti-dilutive


 

 

73,651

 

 

 

83,422

 

 

 

102,642

 

 

 

 

 

 

 

 

 

 

 

 

 

 









87




Table of Contents





 




eBay
Inc.




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)

 




This excerpt taken from the EBAY 10-Q filed Apr 25, 2007.
Note 2 — Net Income Per Share
 
Basic net income per share is computed by dividing the net income for the period by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing the net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and restricted stock is reflected in diluted earnings per share by application of the treasury stock method. The following table sets forth the


7

Table of Contents

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

computation of basic and diluted net income per share for the periods indicated (in thousands, except per share amounts):
 
                 
    Three Months Ended March 31,  
    2006     2007  
 
Numerator:
               
Net income
  $ 248,282     $ 377,176  
                 
Denominator:
               
Weighted average common shares
    1,406,449       1,367,460  
Weighted average unvested restricted common stock subject to repurchase
    (140 )     (545 )
                 
Denominator for basic calculation
    1,406,309       1,366,915  
Weighted average effect of dilutive securities:
               
Weighted average unvested restricted common stock subject to repurchase
    140       545  
Common stock equivalent from equity-based compensation
    31,132       16,827  
                 
Denominator for diluted calculation
    1,437,581       1,384,287  
                 
Net income per share:
               
Basic
  $ 0.18     $ 0.28  
                 
Diluted
  $ 0.17     $ 0.27  
                 
 
The calculation of diluted net income per share excludes all anti-dilutive shares. For the three months ended March 31, 2006 and 2007, the number of anti-dilutive shares, as calculated based on the weighted average closing price of our common stock for the periods, amounted to approximately 36.8 million and 91.0 million shares, respectively.
 
This excerpt taken from the EBAY 10-K filed Feb 28, 2007.
Note 2 — Net Income Per Share:
 
Basic net income per share is computed by dividing the net income for the period by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing the net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options, restricted stock units and nonvested stock is reflected in diluted earnings per share by application of the treasury stock method, which in 2006 includes consideration of stock-based compensation required by FAS 123(R). The following table sets forth the computation of basic and diluted net income per share for the periods indicated (in thousands, except per share amounts):
 
                         
    Year Ended December 31,  
    2004     2005     2006  
 
Numerator:
                       
Net income
  $ 778,223     $ 1,082,043     $ 1,125,639  
                         
Denominator:
                       
Weighted average common shares
    1,319,548       1,361,748       1,403,455  
Weighted average unvested common stock subject to repurchase
    (90 )     (40 )     (4,204 )
                         
Denominator for basic calculation
    1,319,458       1,361,708       1,399,251  
Weighted average effect of dilutive securities:
                       
Weighted average unvested common stock subject to repurchase
    90       40       4,204  
Employee stock options
    48,172       32,127       22,017  
                         
Denominator for diluted calculation
    1,367,720       1,393,875       1,425,472  
                         
Net income per share:
                       
Basic
  $ 0.59     $ 0.79     $ 0.80  
                         
Diluted
  $ 0.57     $ 0.78     $ 0.79  
                         
 
The calculation of diluted income per share excludes all anti-dilutive shares. For the years ended December 31, 2004, 2005 and 2006, the number of anti-dilutive shares, as calculated based on the weighted average closing price of our common stock for the period, amounted to approximately 3.4 million, 26.7 million and 73.7 million shares, respectively.


83

Table of Contents

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

 

EXCERPTS ON THIS PAGE:

10-K
Feb 17, 2010
10-Q
Apr 28, 2009
10-K (2 sections)
Feb 20, 2009
10-Q
Apr 25, 2007
10-K
Feb 28, 2007

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