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This excerpt taken from the EBAY 10-Q filed Oct 23, 2008. Off-Balance
Sheet Arrangements and Customer Accounts
As of September 30, 2008, we had no off-balance sheet
arrangements that have, or are reasonably likely to have, a
current or future material effect on our condensed consolidated
financial condition, results of operations, liquidity, capital
expenditures or capital resources. As of September 30,
2008, we had a total of $1.8 billion in cash withdrawals
offsetting our $1.9 billion in cash deposits held within
the same financial institution under our cash pooling
arrangement. See Note 5 — “Fair Value
Measurement of Assets and Liabilities” for further
discussion.
Customer balances held as direct claims against us, primarily
PayPal, are included on our condensed consolidated balance sheet
in funds receivable and customer accounts with an offsetting
current liability in funds payable and amounts due to customers,
and totaled approximately $1.1 billion as of
December 31, 2007 and $1.0 billion as of
September 30, 2008. Customer funds held by PayPal as an
agent or custodian on behalf of our customers are not reflected
in our condensed consolidated balance sheets. These funds
include funds held on behalf of U.S. customers that are
deposited in bank accounts insured up to certain limits by the
FDIC and funds that U.S. customers choose to invest in the
PayPal Money Market Fund, and totaled approximately
$1.8 billion and $2.0 billion as of December 31,
2007 and September 30, 2008, respectively. The assets of
the PayPal Money Market Fund are invested in a portfolio managed
by Barclays Global Fund Advisors.
This excerpt taken from the EBAY 10-Q filed Jul 24, 2008. Off-Balance
Sheet Arrangements and Customer Accounts
As of June 30, 2008, we had no off-balance sheet
arrangements that have, or are reasonably likely to have, a
current or future material effect on our condensed consolidated
financial condition, results of operations, liquidity, capital
expenditures or capital resources. As of June 30, 2008, we
had a total of $1.5 billion in cash withdrawals offsetting
our $1.5 billion in cash deposits held within the same
financial institution under our cash pooling arrangement. See
Note 5 — “Fair Value Measurement of Assets
and Liabilities” for further discussion.
Customer balances held as direct claims against us, primarily
PayPal, are included on our condensed consolidated balance sheet
in funds receivable and customer accounts with an offsetting
current liability in funds payable and amounts due to customers,
and totaled approximately $1.1 billion as of
December 31, 2007 and June 30, 2008. Customer funds
held by PayPal as an agent or custodian on behalf of our
customers are not reflected in our condensed consolidated
balance sheets. These funds include funds held on behalf of
U.S. customers that are deposited in bank accounts insured
by the Federal Deposit Insurance Corporation and funds that
U.S. customers choose to invest in the PayPal Money Market
Fund, and totaled approximately $1.8 billion and
$1.9 billion as of December 31, 2007 and June 30,
2008, respectively. The assets of the PayPal Money Market Fund
are invested in a portfolio managed by Barclays Global
Fund Advisors.
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. Off-Balance
Sheet Arrangements and Customer Accounts
As of March 31, 2008, we had no off-balance sheet
arrangements that have, or are reasonably likely to have, a
current or future material effect on our consolidated financial
condition, results of operations, liquidity, capital
expenditures or capital resources.
Customer balances held as direct claims against PayPal are
included on our consolidated balance sheet in funds receivable
and customer accounts with an offsetting current liability in
funds payable and amounts due to customers, which, as of
December 31, 2007 and March 31, 2008 totaled
approximately $1.1 billion and $1.2 billion,
respectively. Customer funds held by PayPal as an agent or
custodian on behalf of our customers are not reflected in our
consolidated balance sheets. These funds include funds held on
behalf of U.S. customers that are deposited in bank
accounts insured by the Federal Deposit Insurance Corporation
and funds that U.S. customers choose to invest in the
PayPal Money Market Fund, both of which totaled approximately
$2.0 billion and $1.8 billion as of March 31,
Table of Contents
2008 and December 31, 2007, respectively. The majority of
the PayPal Money Market Fund is invested in a portfolio managed
by Barclays Global Fund Advisors.
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. Off-Balance
Sheet Arrangements and Customer Accounts
As of March 31, 2008, we had no off-balance sheet
arrangements that have, or are reasonably likely to have, a
current or future material effect on our consolidated financial
condition, results of operations, liquidity, capital
expenditures or capital resources.
Customer balances held as direct claims against PayPal are
included on our consolidated balance sheet in funds receivable
and customer accounts with an offsetting current liability in
funds payable and amounts due to customers, which, as of
December 31, 2007 and March 31, 2008 totaled
approximately $1.1 billion and $1.2 billion,
respectively. Customer funds held by PayPal as an agent or
custodian on behalf of our customers are not reflected in our
consolidated balance sheets. These funds include funds held on
behalf of U.S. customers that are deposited in bank
accounts insured by the Federal Deposit Insurance Corporation
and funds that U.S. customers choose to invest in the
PayPal Money Market Fund, both of which totaled approximately
$2.0 billion and $1.8 billion as of March 31,
Table of Contents
2008 and December 31, 2007, respectively. The majority of
the PayPal Money Market Fund is invested in a portfolio managed
by Barclays Global Fund Advisors.
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