eBay Inc. Reports Fourth Quarter and Full Year 2007 Results

[The Tavern Wench]

From:  Newsobserver.com


SAN JOSE, Calif. - eBay Inc. (Nasdaq:EBAY) (www.ebay.com) today reported financial results for its fourth quarter and year ended December 31, 2007. The ecommerce company posted fourth quarter revenue of $2.18 billion, representing a $461 million year-over-year increase. Revenue grew across all businesses highlighted by more robust growth from PayPal, StubHub, Skype, classifieds and advertising. The company recorded net income on a GAAP basis of $531 million or $0.39 per diluted share, and non-GAAP net income of $611 million or $0.45 per diluted share.
For the full year, eBay Inc. posted $7.67 billion in revenue, net income on a GAAP basis of $348 million or $0.25 per diluted share, and non-GAAP net income of $2.11 billion or $1.53 per diluted share.

GAAP operating margin increased to 28.7% for the quarter, compared to 26.2% for the same period last year. Non-GAAP operating margin increased to 34.6% for the quarter, from 33.4% for the same period last year. For the full year GAAP operating margin came in at 8.0%, with non-GAAP operating margin at 33.1%.

eBay Inc. generated $793 million of operating cash flow and $665 million of free cash flow during the fourth quarter. The company's full year operating cash flow was $2.64 billion and free cash flow was $2.19 billion.

"We're very pleased with the results for the quarter which were strengthened by a solid holiday shopping season," said eBay Inc. President and CEO, Meg Whitman. "We had a remarkably strong year from a financial perspective. We enter 2008 with our most diverse portfolio of ecommerce offerings ever -- positioning us to drive long-term growth in the global ecommerce market."


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[The Bar Keep]

eBay Inc.
Unaudited Condensed Consolidated Balance Sheet
(U.S. Dollars In Thousands)

                                                                    December 31, 2006 December 31, 2007

ASSETS
     
Current assets:     
Cash and cash equivalents                                   $  2,662,792   $  4,221,191 
Short-term investments                                             554,841    676,264 
Accounts receivable, net                                            393,195    480,557 
Funds receivable                                                        399,297    427,337 
Other current assets                                                 960,461    1,317,156 
Total current assets                                                4,970,586    7,122,505 
     
Long-term investments                                               277,853    138,237 
Property and equipment, net                                        998,196    1,120,452 
Goodwill                                                                 6,544,278    6,257,153 
Intangible assets, net                                                  682,977    596,038 
Other assets                                                                20,121    131,652 
                                                                        $  13,494,011   $  15,366,037

 


LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:     
Accounts payable                                                       $  83,392   $  156,613 
Funds payable and amounts due to customers                 1,159,952    1,513,578 
Accrued expenses and other current liabilities                     681,669    1,151,139 
Deferred revenue and customer advances                          128,964   166,495 
Income taxes payable                                                    464,418    111,754 
Total current liabilities                                                 2,518,395    3,099,579 
     
Deferred and other tax liabilities, net                                  31,784    510,557 
Other liabilities                                                                39,200    51,299 
Total liabilities                                                          2,589,379    3,661,435 
Total stockholders’ equity                                       10,904,632    11,704,602 
                                                                      $  13,494,011   $  15,366,037

Just thought all alternatives who have visions of grander should know the facts. Will there ever be an alternative?

[The Tavern Wench]

Those figures really do throw a bucket of cold ice water on things don't they?

[The Bar Keep]

Those figures really do throw a bucket of cold ice water on things don't they?

You know what is the funniest thing about? Take a look at some of the statements being made by some alternative sites claiming to be an alternative to eBay.  The fact is any one of the so called alternative site is nothing more then dumpster divers at the eBay headquarters in San Jose.

I look at it this way. My main site takes in more money in a months time then over 90% of the alternatives and that doesn't exclude some big names (none mentioned) either. You can combine most of them together and it still doesn't beat my main website.

I think back to some of the statements I have heard of one particular site owner claiming their plan is to be 10% of eBay within 5 years.  If you know the site I am talking about the above numbers  well need I say anymore other then it is a pipe dream?

There is only one alternative to eBay that will ever work for online sellers. GET YOUR OWN WEBSITE!!!!! Invest in yourself before you invest in a fantasy of an alternative auction venue!!!