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This excerpt taken from the EBAY 10-Q filed Apr 28, 2009. Valuation Assumptions We calculated the fair value of each stock option award on the date of grant using the Black-Scholes option pricing model. The following weighted average assumptions were used for the three months ended March 31, 2008 and 2009:
Our computation of expected volatility is based on a combination of historical and market-based implied volatility from traded options on our common stock. Our computation of expected life was determined based on historical experience of similar awards, giving consideration to the contractual terms of the stock-based awards, vesting schedules and expectations of future employee behavior. The interest rate for periods within the contractual life of the award is based on the U.S. Treasury yield curve in effect at the time of grant. This excerpt taken from the EBAY 10-Q filed Oct 23, 2008. Valuation
Assumptions
We calculated the fair value of each option award on the date of
grant using the Black-Scholes option pricing model. The
following weighted average assumptions were used for the three
and nine months ended September 30, 2007 and 2008:
Our computation of expected volatility is based on a combination
of historical and market-based implied volatility from traded
options on our common stock. Our computation of expected life
was determined based on historical experience of similar awards,
giving consideration to the contractual terms of the stock-based
awards, vesting schedules and expectations of future employee
behavior. The interest rate for periods within the contractual
life of the award is based on the U.S. Treasury yield curve
in effect at the time of grant.
The following table reflects changes in unrecognized tax
benefits for the nine-month period ended September 30, 2008
(in thousands):
As of September 30, 2008, our liabilities for unrecognized
tax benefits were included in deferred and other tax
liabilities, net. The total liabilities for unrecognized tax
benefits and the increase for the current period of these
liabilities relate primarily to the allocations of revenue and
costs among our global operations. Over the next twelve months,
our existing tax positions will continue to generate an increase
in liabilities for unrecognized tax benefits. We recognize
interest
and/or
penalties related to uncertain tax positions in income tax
expense. The amount of interest and penalties accrued at
September 30, 2008 was approximately $29.6 million.
We are subject to taxation in the U.S. and various states
and foreign jurisdictions. We are under examination by certain
tax authorities for the 2003 tax year. The material
jurisdictions that are subject to potential examination by tax
authorities for tax years after 2002 include, among others, the
U.S., California, France, Germany, Italy, Switzerland and
Singapore.
On October 3, 2008 we entered into a definitive agreement
to acquire all of the equity securities of Bill Me Later for
approximately $820 million in cash and $125 million
worth of outstanding options, net of option exercise proceeds.
Bill Me Later has expertise in deferred payments and promotional
financing services. The transaction is expected to close in the
fourth quarter of 2008.
On October 6, 2008 we completed the acquisition of all of
the equity securities of Den Blå Avis and Bilbasen, and
certain other related companies, for a purchase price of
approximately $390 million in cash. Den Blå Avis and
Bilbasen are two leading online classifieds sites in Denmark.
The total purchase price will be allocated to the
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
tangible and identifiable intangible assets acquired and
liabilities assumed based on their estimated fair values as of
the acquisition date.
On October 6, 2008, we announced an initiative to simplify
and streamline our organization, improve our cost structure and
strengthen the overall competitiveness of our existing
businesses through a reduction in our global workforce. As a
result of this initiative, we expect to incur aggregate costs of
approximately $70-$80 million, with the charges
predominantly recorded in the fourth quarter of 2008.
On October 16, 2008, we drew down an aggregate amount of
$1.0 billion under our revolving credit facility pursuant
to the Credit Agreement. We expect that the funds will be used
for general corporate purposes, including financing the
acquisition of Bill Me Later, Inc. and its associated
receivables. See Note 6 — “Commitments and
Contingencies” for further information on the Credit
Agreement.
Table of Contents
This excerpt taken from the EBAY 10-Q filed Jul 24, 2008. Valuation
Assumptions
We calculated the fair value of each option award on the date of
grant using the Black-Scholes option pricing model. The
following weighted average assumptions were used for the three
and six months ended June 30, 2007 and 2008:
Our computation of expected volatility is based on a combination
of historical and market-based implied volatility from traded
options on our common stock. Our computation of expected life
was determined based on historical experience of similar awards,
giving consideration to the contractual terms of the stock-based
awards, vesting schedules and expectations of future employee
behavior. The interest rate for periods within the contractual
life of the award is based on the U.S. Treasury yield curve
in effect at the time of grant.
The following table reflects changes in unrecognized tax
benefits for the six-month period ended June 30, 2008 (in
thousands):
As of June 30, 2008, our liabilities for unrecognized tax
benefits were included in deferred and other tax liabilities,
net. The total liabilities for unrecognized tax benefits and the
increase for the current period of these liabilities relate
primarily to the allocations of revenue and costs among our
global operations. Over the next twelve months, our existing tax
positions will continue to generate an increase in liabilities
for unrecognized tax benefits. We recognize interest
and/or
penalties related to uncertain tax positions in income tax
expense. The amount of interest and penalties accrued at
June 30, 2008 was approximately $26.9 million.
We are subject to taxation in the U.S. and various states
and foreign jurisdictions. We are under examination by certain
tax authorities for the 2003 tax year. The material
jurisdictions that are subject to potential examination by tax
authorities for tax years after 2002 include, among others, the
U.S., California, France, Germany, Italy, Switzerland and
Singapore.
Table of Contents
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. Valuation
Assumptions
We calculated the fair value of each option award on the date of
grant using the Black-Scholes option pricing model. The
following weighted average assumptions were used for the three
months ended March 31, 2007 and 2008:
Our computation of expected volatility is based on a combination
of historical and market-based implied volatility from traded
options on our common stock. Our computation of expected life
was determined based on historical experience of similar awards,
giving consideration to the contractual terms of the stock-based
awards, vesting schedules and expectations of future employee
behavior. The interest rate for periods within the contractual
life of the award is based on the U.S. Treasury yield curve
in effect at the time of grant.
The following table reflects changes in the unrecognized tax
benefits since December 31, 2007 (in thousands):
As of March 31, 2008, our liabilities for unrecognized tax
benefits were included in deferred and other tax liabilities,
net. The total liabilities for unrecognized tax benefits and the
increase for the current period of these liabilities relate
primarily to the allocations of revenue and costs among our
global operations. Over the next twelve months, our existing tax
positions will continue to generate an increase in liabilities
for unrecognized tax benefits. We recognize interest
and/or
penalties related to uncertain tax positions in income tax
expense. The amount of interest and penalties accrued at
March 31, 2008 was approximately $22.5 million.
We are subject to taxation in the U.S. and various states
and foreign jurisdictions. We are under examination by certain
tax authorities for the 2003 tax year. The material
jurisdictions that are subject to potential examination by tax
authorities for tax years after 2002 primarily include the U.S.,
California, France, Germany, Switzerland and Singapore.
Table of Contents
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. Valuation
Assumptions
We calculated the fair value of each option award on the date of
grant using the Black-Scholes option pricing model. The
following weighted average assumptions were used for the three
months ended March 31, 2007 and 2008:
Our computation of expected volatility is based on a combination
of historical and market-based implied volatility from traded
options on our common stock. Our computation of expected life
was determined based on historical experience of similar awards,
giving consideration to the contractual terms of the stock-based
awards, vesting schedules and expectations of future employee
behavior. The interest rate for periods within the contractual
life of the award is based on the U.S. Treasury yield curve
in effect at the time of grant.
The following table reflects changes in the unrecognized tax
benefits since December 31, 2007 (in thousands):
As of March 31, 2008, our liabilities for unrecognized tax
benefits were included in deferred and other tax liabilities,
net. The total liabilities for unrecognized tax benefits and the
increase for the current period of these liabilities relate
primarily to the allocations of revenue and costs among our
global operations. Over the next twelve months, our existing tax
positions will continue to generate an increase in liabilities
for unrecognized tax benefits. We recognize interest
and/or
penalties related to uncertain tax positions in income tax
expense. The amount of interest and penalties accrued at
March 31, 2008 was approximately $22.5 million.
We are subject to taxation in the U.S. and various states
and foreign jurisdictions. We are under examination by certain
tax authorities for the 2003 tax year. The material
jurisdictions that are subject to potential examination by tax
authorities for tax years after 2002 primarily include the U.S.,
California, France, Germany, Switzerland and Singapore.
Table of Contents
These excerpts taken from the EBAY 10-K filed Feb 29, 2008. Valuation
Assumptions
We calculated the fair value of each option award on the date of
grant using the Black-Scholes option pricing model. The
following weighted-average assumptions were used for each
respective period:
Our computation of expected volatility for 2006 and 2007 was
based on a combination of historical and market-based implied
volatility from traded options on our stock. Prior to 2006, our
computation of expected volatility was based on historical
volatility. Our computation of expected life was determined
based on historical experience of similar awards, giving
consideration to the contractual terms of the stock-based
awards, vesting schedules and expectations of future employee
behavior. The interest rate for periods within the contractual
life of the award is based on the U.S. Treasury yield curve
in effect at the time of grant.
Table of Contents
eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Valuation Assumptions We calculated the fair value of each option award on the date of grant using the Black-Scholes option pricing model. The following weighted-average assumptions were used for each respective period:
Our computation of expected volatility for 2006 and 2007 was based on a combination of historical and market-based implied volatility from traded options on our stock. Prior to 2006, our computation of expected volatility was based on historical volatility. Our computation of expected life was determined based on historical experience of similar awards, giving consideration to the contractual terms of the stock-based awards, vesting schedules and expectations of future employee behavior. The interest rate for periods within the contractual life of the award is based on the U.S. Treasury yield curve in effect at the time of grant.
Table of ContentseBay Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) This excerpt taken from the EBAY 10-Q filed Oct 29, 2007. Valuation
Assumptions
We calculated the fair value of each option award on the date of
grant using the Black-Scholes option pricing model. The
following weighted average assumptions were used for each
respective period:
Our computation of expected volatility is based on a combination
of historical and market-based implied volatility from traded
options on our common stock. Our computation of expected life
was determined based on historical experience of similar awards,
giving consideration to the contractual terms of the stock-based
awards, vesting schedules and expectations of future employee
behavior. The interest rate for periods within the contractual
life of the award is based on the U.S. Treasury yield curve
in effect at the time of grant.
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
This excerpt taken from the EBAY 10-Q filed Jul 27, 2007. Valuation
Assumptions
We calculated the fair value of each option award on the date of
grant using the Black-Scholes option pricing model. The
following weighted average assumptions were used for each
respective period:
Our computation of expected volatility is based on a combination
of historical and market-based implied volatility from traded
options on our common stock. Our computation of expected life
was determined based on historical experience of similar awards,
giving consideration to the contractual terms of the stock-based
awards, vesting schedules and expectations of future employee
behavior. The interest rate for periods within the contractual
life of the award is based on the U.S. Treasury yield curve
in effect at the time of grant.
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
This excerpt taken from the EBAY 10-Q filed Apr 25, 2007. Valuation
Assumptions
We calculated the fair value of each option award on the date of
grant using the Black-Scholes option pricing model. The
following weighted average assumptions were used for the three
months ended March 31, 2007:
Our computation of expected volatility is based on a combination
of historical and market-based implied volatility from traded
options on our common stock. Our computation of expected life
was determined based on historical experience of similar awards,
giving consideration to the contractual terms of the stock-based
awards, vesting schedules and expectations of future employee
behavior. The interest rate for periods within the contractual
life of the award is based on the U.S. Treasury yield curve
in effect at the time of grant.
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
This excerpt taken from the EBAY 10-K filed Feb 28, 2007. Valuation
Assumptions
We calculated the fair value of each option award on the date of
grant using the Black-Scholes option pricing model. The
following weighted-average assumptions were used for each
respective period:
Our computation of expected volatility for 2006 was based on a
combination of historical and market-based implied volatility
from traded options on our stock. Prior to 2006, our computation
of expected volatility was based on historical volatility. Our
computation of expected life was determined based on historical
experience of similar awards, giving consideration to the
contractual terms of the stock-based awards, vesting schedules
and expectations of future employee behavior. The interest rate
for periods within the contractual life of the award is based on
the U.S. Treasury yield curve in effect at the time of
grant.
Table of Contents
eBay
Inc.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
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