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This excerpt taken from the EBAY 10-K filed Feb 17, 2010. Transaction Exposure Around the world, we have various assets and liabilities, primarily receivables, investments and accounts payable (including inter-company transactions) that are denominated in currencies other than the relevant entity’s functional currency. In certain circumstances, changes in the functional currency value of these assets and liabilities create fluctuations in our reported consolidated financial position, results of operations and cash flows. We may enter into foreign exchange contracts or other instruments to minimize the short-term foreign currency fluctuations on such assets and liabilities. The gains and losses on the foreign exchange contracts offset the
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Table of Contentstransaction gains and losses on certain foreign currency receivables, investments and payables recognized in earnings. Transaction gains and losses on the contracts and the assets and liabilities are recognized each period in interest and other income, net included in our consolidated statement of income. During the year ended December 31, 2009, we realized losses related to these hedges of approximately $27.9 million. As of December 31, 2009, we had outstanding foreign exchange hedge contracts with notional values equivalent to approximately $114.1 million with maturity dates within 29 days. At December 31, 2009, the fair value of these contracts resulted in a net liability position of approximately $0.5 million. These excerpts taken from the EBAY 10-K filed Feb 20, 2009. Transaction
Exposure
Around the world, we have various assets and liabilities,
primarily receivables, investments and accounts payable
(including inter-company transactions) that are denominated in
currencies other than the relevant entity’s functional
currency. In certain circumstances, changes in the functional
currency value of these assets and liabilities create
fluctuations in our reported consolidated financial position,
results of operations and cash flows. We may enter into foreign
exchange contracts or other instruments to minimize the
short-term foreign currency fluctuations on such assets and
liabilities. The gains and losses on the foreign exchange
contracts offset the transaction gains and losses on certain
foreign currency receivables, investments and payables
recognized in earnings. As of December 31, 2008, we had
outstanding foreign exchange hedge contracts with notional
values equivalent to approximately $132.4 million with
maturity dates within 34 days. Transaction gains and losses
on the contracts and the assets and liabilities are recognized
each period in interest and other income, net included in our
consolidated statement of income.
Transaction Exposure Around the world, we have various assets and liabilities, primarily receivables, investments and accounts payable (including inter-company transactions) that are denominated in currencies other than the relevant entity’s functional currency. In certain circumstances, changes in the functional currency value of these assets and liabilities create fluctuations in our reported consolidated financial position, results of operations and cash flows. We may enter into foreign exchange contracts or other instruments to minimize the short-term foreign currency fluctuations on such assets and liabilities. The gains and losses on the foreign exchange contracts offset the transaction gains and losses on certain foreign currency receivables, investments and payables recognized in earnings. As of December 31, 2008, we had outstanding foreign exchange hedge contracts with notional values equivalent to approximately $132.4 million with maturity dates within 34 days. Transaction gains and losses on the contracts and the assets and liabilities are recognized each period in interest and other income, net included in our consolidated statement of income. Transaction
Exposure
As of December 31, 2008, we had outstanding foreign
exchange hedge contracts with notional values equivalent to
approximately $132.4 million with maturity dates within
34 days. The hedge contracts are used to offset changes in
the value of assets and liabilities denominated in foreign
currencies which differ from the functional currency of the
entity. Transaction gains and losses on the contracts and the
assets and liabilities are recognized each period in interest
and other income, net.
Transaction Exposure As of December 31, 2008, we had outstanding foreign exchange hedge contracts with notional values equivalent to approximately $132.4 million with maturity dates within 34 days. The hedge contracts are used to offset changes in the value of assets and liabilities denominated in foreign currencies which differ from the functional currency of the entity. Transaction gains and losses on the contracts and the assets and liabilities are recognized each period in interest and other income, net. These excerpts taken from the EBAY 10-K filed Feb 29, 2008. Transaction
Exposure
As of December 31, 2007, we had outstanding foreign
exchange hedge contracts with notional values equivalent to
approximately $171.8 million with maturity dates within
31 days. The hedge contracts are used to offset changes in
non-US dollar denominated functional currency value of assets
and liabilities as a result of foreign exchange rate
fluctuations. Transaction gains and losses on the contracts and
the assets and liabilities are recognized each period in
interest and other income, net.
Transaction Exposure As of December 31, 2007, we had outstanding foreign exchange hedge contracts with notional values equivalent to approximately $171.8 million with maturity dates within 31 days. The hedge contracts are used to offset changes in non-US dollar denominated functional currency value of assets and liabilities as a result of foreign exchange rate fluctuations. Transaction gains and losses on the contracts and the assets and liabilities are recognized each period in interest and other income, net. This excerpt taken from the EBAY 10-Q filed Oct 29, 2007. Transaction
Exposure
As of September 30, 2007, we had outstanding foreign
exchange hedge contracts with notional values equivalent to
approximately $175.4 million with maturity dates within
31 days. The hedge contracts are used to offset changes in
the functional currency value of assets and liabilities
denominated in foreign currencies as a result of currency
fluctuations. Transaction gains and losses on the contracts and
the assets and liabilities are recognized each period in our
consolidated statement of income (loss).
This excerpt taken from the EBAY 10-Q filed Jul 27, 2007. Transaction
Exposure
As of June 30, 2007, we had outstanding foreign exchange
hedge contracts with notional values equivalent to approximately
$131.8 million with maturity dates within 31 days. The
hedge contracts are used to offset changes in the functional
currency value of assets and liabilities denominated in foreign
currencies as a result of currency fluctuations. Transaction
gains and losses on the contracts and the assets and liabilities
are recognized each period in our consolidated statement of
income.
This excerpt taken from the EBAY 10-Q filed Apr 25, 2007. Transaction
Exposure
As of March 31, 2007, we had outstanding foreign exchange
hedge contracts with notional values equivalent to approximately
$227.0 million with maturity dates within 31 days. The
hedge contracts are used to offset changes in the functional
currency value of assets and liabilities denominated in foreign
currencies as a result of currency fluctuations. Transaction
gains and losses on the contracts and the assets and liabilities
are recognized each period in our consolidated statement of
income.
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This excerpt taken from the EBAY 10-K filed Feb 28, 2007. Transaction
Exposure
As of December 31, 2006, we had outstanding forward foreign
exchange hedge contracts with notional values equivalent to
approximately $188.4 million with maturity dates within
31 days. The hedge contracts are used to offset changes in
non-US dollar denominated functional currency value of assets
and liabilities as a result of foreign exchange rate
fluctuations. Transaction gains and losses on the contracts and
the assets and liabilities are recognized each period in
interest and other income, net.
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eBay
Inc.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
This excerpt taken from the EBAY 10-Q filed Jul 28, 2006. Transaction
Exposure:
As of June 30, 2006, we had outstanding forward foreign
exchange hedge contracts with notional values equivalent to
approximately $134.0 million. The hedge contracts are used
to offset changes in the functional currency value of assets and
liabilities denominated in foreign currencies as a result of
currency fluctuations.
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Transaction gains and losses on the contracts and the assets and
liabilities are recognized each period in our condensed
consolidated statement of income.
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