Send us Feedback

EBay (EBAY)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

EBAY » Topics » Stock-based Compensation Expense

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

Stock-Based Compensation Expense

The following table presents details of total stock-based compensation expense that is included in each line item on our consolidated statement of income (in thousands):

 

     Year Ended December 31,
     2007    2008    2009

Cost of net revenues

    $ 37,009    $ 43,417    $ 49,275

Sales and marketing

      81,299      94,314      121,724

Product development

      76,002      95,396      98,609

General and administrative

      107,503      118,915      125,199

Restructuring

      —        1,281      —  
                    

Total stock-based compensation expense

    $ 301,813    $ 353,323    $ 394,807
                    

In general, the stock-based compensation expense for our equity incentive awards is recognized over their respective vesting period. As of December 31, 2009, there was approximately $580.9 million of unearned stock-based compensation estimated to be expensed from 2010 through 2013. If there are any modifications or cancellations of the underlying unvested awards, we may be required to accelerate, increase or cancel all or a portion of the remaining unearned stock-based compensation expense. Future unearned stock-based compensation will increase to the extent we grant additional equity awards or change the mix of grants between stock options and restricted stock units or assume unvested equity awards in connection with acquisitions.

This excerpt taken from the EBAY 10-Q filed Apr 28, 2009.

Stock-based Compensation Expense

The impact on our results of operations of recording stock-based compensation expense for the three months ended March 31, 2008 and 2009 was as follows (in thousands):

 

     Three Months Ended March 31,
     2008    2009

Cost of net revenues

    $ 10,525    $ 14,784

Sales and marketing

      23,791      33,686

Product development

      23,493      30,679

General and administrative

      29,572      34,697
             

Total stock-based compensation expense

    $ 87,381    $ 113,846
             

Total stock-based compensation expense included in capitalized development costs was $2.2 million and $2.3 million for the three months ended March 31, 2008 and 2009, respectively.

 

13

These excerpts taken from the EBAY 10-K filed Feb 20, 2009.
Stock-Based Compensation Expense
 
The following table presents details of total stock-based compensation expense that is included in each line item on our consolidated statement of income (in thousands):
 
                         
    Year Ended December 31,  
    2006     2007     2008  
 
Cost of net revenues
  $ 32,981     $ 37,009     $ 43,417  
Sales and marketing
    96,547       81,299       94,314  
Product development
    81,489       76,002       95,396  
General and administrative
    106,393       107,503       118,915  
Restructuring
    —       —       1,281  
                         
Total stock-based compensation expense
  $ 317,410     $ 301,813     $ 353,323  
                         
 
In general, the stock-based compensation expense for our equity incentive awards is recognized over their respective vesting period. As of December 31, 2008, there was approximately $749.9 million of unearned stock-based compensation estimated to be expensed from 2009 through 2012. If there are any modifications or cancellations of the underlying unvested awards, we may be required to accelerate, increase or cancel any remaining unearned stock-based compensation expense. Future unearned stock-based compensation will increase to the extent we grant additional equity awards or change the mix of grants between stock options and restricted stock units or assume unvested equity awards in connection with acquisitions.
 
Prior to the adoption of FAS 123(R), the intrinsic value of Skype’s and Shopping.com’s unvested common stock options assumed in the acquisition was recorded as unearned stock-based compensation. Upon the adoption of FAS 123(R) in January 2006, the unearned stock-based compensation balance of $45.5 million was reclassified to additional paid-in capital.


105

Table of Contents

 
eBay Inc.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
Stock-Based
Compensation Expense


 



The following table presents details of total stock-based
compensation expense that is included in each line item on our
consolidated statement of income (in thousands):


 

































































































































































                         

 

 

Year Ended December 31,

 

 

 

2006

 

 

2007

 

 

2008

 
 


Cost of net revenues


 

$

32,981

 

 

$

37,009

 

 

$

43,417

 


Sales and marketing


 

 

96,547

 

 

 

81,299

 

 

 

94,314

 


Product development


 

 

81,489

 

 

 

76,002

 

 

 

95,396

 


General and administrative


 

 

106,393

 

 

 

107,503

 

 

 

118,915

 


Restructuring


 

 

—

 

 

 

—

 

 

 

1,281

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Total stock-based compensation expense


 

$

317,410

 

 

$

301,813

 

 

$

353,323

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 



In general, the stock-based compensation expense for our equity
incentive awards is recognized over their respective vesting
period. As of December 31, 2008, there was approximately
$749.9 million of unearned stock-based compensation
estimated to be expensed from 2009 through 2012. If there are
any modifications or cancellations of the underlying unvested
awards, we may be required to accelerate, increase or cancel any
remaining unearned stock-based compensation expense. Future
unearned stock-based compensation will increase to the extent we
grant additional equity awards or change the mix of grants
between stock options and restricted stock units or assume
unvested equity awards in connection with acquisitions.


 



Prior to the adoption of FAS 123(R), the intrinsic value of
Skype’s and Shopping.com’s unvested common stock
options assumed in the acquisition was recorded as unearned
stock-based compensation. Upon the adoption of FAS 123(R)
in January 2006, the unearned stock-based compensation balance
of $45.5 million was reclassified to additional paid-in
capital.





105




Table of Contents





 




eBay
Inc.




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)

 




This excerpt taken from the EBAY 10-Q filed Oct 23, 2008.
Stock-based Compensation Expense
 
The impact on our results of operations of recording stock-based compensation expense for the three and nine months ended September 30, 2007 and 2008 was as follows (in thousands):
 
                                 
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2007     2008     2007     2008  
 
Cost of net revenues
  $ 9,132     $ 10,395     $ 27,543     $ 31,908  
Sales and marketing
    22,192       23,745       64,501       72,096  
Product development
    21,374       23,458       56,751       71,627  
General and administrative
    27,891       32,653       83,365       93,850  
                                 
Total stock-based compensation expense
  $ 80,589     $ 90,251     $ 232,160     $ 269,481  
                                 
 
Total stock-based compensation expense included in capitalized development costs was $2.2 million and $3.4 million for the three months ended September 30, 2007 and 2008, respectively. Total stock-based compensation expense included in capitalized development costs was $6.4 million and $8.2 million for the nine months ended September 30, 2007 and 2008, respectively.


17

Table of Contents

 
eBay Inc.
 
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
This excerpt taken from the EBAY 10-Q filed Jul 24, 2008.
Stock-based Compensation Expense
 
The impact on our results of operations of recording stock-based compensation expense for the three and six months ended June 30, 2007 and 2008 was as follows (in thousands):
 
                                 
    Three Months Ended
 		    Six Months Ended
 		 
    June 30,     June 30,  
    2007     2008     2007     2008  
 
Cost of net revenues
  $ 9,638     $ 10,988     $ 18,411     $ 21,513  
Sales and marketing
    23,086       24,560       42,309       48,351  
Product development
    19,420       24,676       35,377       48,169  
General and administrative
    27,477       31,625       55,474       61,197  
                                 
Total stock-based compensation expense
  $ 79,621     $ 91,849     $ 151,571     $ 179,230  
                                 
 
Total stock-based compensation expense included in capitalized development costs was $2.1 million and $2.7 million for the three months ended June 30, 2007 and 2008, respectively. Total stock-based compensation expense included in capitalized development costs was $4.2 million and $4.9 million for the six months ended June 30, 2007 and 2008, respectively.


17

Table of Contents

 
eBay Inc.
 
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008.
Stock-based Compensation Expense
 
The impact on our results of operations of recording stock-based compensation expense for the three months ended March 31, 2007 and 2008 was as follows (in thousands):
 
                 
    Three Months Ended March 31,  
    2007     2008  
 
Cost of net revenues
  $ 8,773     $ 10,525  
Sales and marketing
    19,223       23,791  
Product development
    15,957       23,493  
General and administrative
    27,997       29,572  
                 
Total stock-based compensation expense
  $ 71,950     $ 87,381  
                 
 
Total stock-based compensation expense included in capitalized development costs was $2.1 million and $2.2 million for the three months ended March 31, 2007 and 2008, respectively.


16

Table of Contents

 
eBay Inc.
 
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008.
Stock-based Compensation Expense
 
The impact on our results of operations of recording stock-based compensation expense for the three months ended March 31, 2007 and 2008 was as follows (in thousands):
 
                 
    Three Months Ended March 31,  
    2007     2008  
 
Cost of net revenues
  $ 8,773     $ 10,525  
Sales and marketing
    19,223       23,791  
Product development
    15,957       23,493  
General and administrative
    27,997       29,572  
                 
Total stock-based compensation expense
  $ 71,950     $ 87,381  
                 
 
Total stock-based compensation expense included in capitalized development costs was $2.1 million and $2.2 million for the three months ended March 31, 2007 and 2008, respectively.


16

Table of Contents

 
eBay Inc.
 
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
This excerpt taken from the EBAY 10-Q filed Oct 29, 2007.
Stock-Based Compensation Expense
 
The impact on our results of operations of recording stock-based compensation for the three and nine months ended September 30, 2006 and 2007 was as follows (in thousands):
 
                                 
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2006     2007     2006     2007  
 
Cost of net revenues
  $ 8,001     $ 9,132     $ 25,108     $ 27,543  
Sales and marketing
    23,149       22,192       74,933       64,501  
Product development
    19,010       21,374       62,702       56,751  
General and administrative
    23,359       27,891       80,002       83,365  
                                 
Total stock-based compensation expense
    73,519       80,589       242,745       232,160  
Tax benefit
    (22,600 )     (24,922 )     (73,139 )     (70,524 )
                                 
Stock-based compensation expense, net of tax
  $ 50,919     $ 55,667     $ 169,606     $ 161,636  
                                 
 
Total stock-based compensation included in capitalized development costs was $2.3 million and $2.2 million for the three months ended September 30, 2006 and 2007, respectively. Total stock-based compensation included in capitalized development costs was $6.8 million and $6.4 million for the nine months ended September 30, 2006 and 2007, respectively.
 
This excerpt taken from the EBAY 10-Q filed Jul 27, 2007.
Stock-Based Compensation Expense
 
The impact on our results of operations of recording stock-based compensation for the three and six-month periods ended June 30, 2006 and 2007 was as follows (in thousands):
 
                                 
    Three Months Ended
 		    Six Months Ended
 		 
    June 30,     June 30,  
    2006     2007     2006     2007  
 
Cost of net revenues
  $ 7,631     $ 9,638     $ 17,107     $ 18,411  
Sales and marketing
    27,063       23,086       51,784       42,309  
Product development
    22,991       19,420       43,692       35,377  
General and administrative
    27,723       27,477       56,643       55,474  
                                 
Total stock-based compensation expense
    85,408       79,621       169,226       151,571  
Tax benefit
    (25,088 )     (24,239 )     (50,539 )     (45,602 )
                                 
Stock-based compensation expense, net of tax
  $ 60,320     $ 55,382     $ 118,687     $ 105,969  
                                 
 
Total stock-based compensation included in capitalized development costs was $2.3 million and $2.1 million for the three-month periods ended June 30, 2006 and 2007, respectively. Total stock-based compensation included in capitalized development costs was $4.5 million and $4.2 million for the six-month periods ended June 30, 2006 and 2007, respectively.
 

EXCERPTS ON THIS PAGE:

10-K
Feb 17, 2010
10-Q
Apr 28, 2009
10-K (2 sections)
Feb 20, 2009
10-Q
Oct 23, 2008
10-Q
Jul 24, 2008
10-Q
Apr 24, 2008
10-Q
Apr 24, 2008
10-Q
Oct 29, 2007
10-Q
Jul 27, 2007

RELATED TOPICS for EBAY:

"Stock-based Compensation Expense" elsewhere:

Cisco Systems (CSCO)
Digital River (DRIV)
Finisar (FNSR)
Netease.com (NTES)
Riverbed Technology (RVBD)
Qwest Communications International (Q)
Symantec (SYMC)
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