eBay Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>eBay Inc. has filed its Q1 2024 10-Q report detailing financial performance and asset information.</b>

AI Summary

EBAY INC (EBAY) filed a Quarterly Report (10-Q) with the SEC on May 2, 2024. eBay Inc. filed its quarterly report (10-Q) for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. The report includes financial data for the periods January 1, 2024 to March 31, 2024, and January 1, 2023 to March 31, 2023. Key financial statement components such as Common Stock, Additional Paid In Capital, Treasury Stock, Retained Earnings, and Accumulated Other Comprehensive Income are detailed for various dates. Intangible assets including Software, Customer Lists, Marketing Related Intangible Assets, Developed Technology Rights, and Other Intangible Assets are reported as of March 31, 2024 and December 31, 2023.

Why It Matters

For investors and stakeholders tracking EBAY INC, this filing contains several important signals. This filing provides investors with the latest financial snapshot of eBay Inc., crucial for understanding the company's performance and financial health in the first quarter of 2024. The detailed breakdown of assets and equity components allows for a deeper analysis of the company's balance sheet and its changes over the reporting periods.

Risk Assessment

Risk Level: low — EBAY INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain new or unexpected information that would significantly alter the risk profile.

Analyst Insight

Review the detailed balance sheet and intangible asset disclosures to assess changes in eBay's financial structure and asset valuation.

Key Numbers

• 2024-03-31 — Period of Report (Conformed period of report)
• 2024-05-02 — Filing Date (Filed as of date)
• 2024-01-01 — Quarter Start Date (Reporting period start date)
• 2023-01-01 — Prior Year Quarter Start Date (Prior year reporting period start date)

Key Players & Entities

• EBAY INC (company) — Filer name
• 2024-03-31 (date) — Conformed period of report
• 2024-05-02 (date) — Filed as of date
• 2025 HAMILTON AVENUE (address) — Business address street 1
• SAN JOSE (city) — Business address city
• CA (state) — Business address state
• 95125 (zip) — Business address zip
• 408-376-7400 (phone) — Business phone

FAQ

Industry Context

eBay Inc. operates as an e-commerce platform, facilitating online auctions and sales. This filing is a standard quarterly report for a publicly traded company in the e-commerce sector.

Regulatory Implications

This filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to submit quarterly reports (10-Q) to the SEC.

What Investors Should Do

1. Analyze the balance sheet for changes in equity and liabilities.
2. Examine the details of intangible assets and their amortization.
3. Compare the reported financial data with previous periods for trend analysis.

Key Dates

• 2024-03-31: Quarter End Date — End of the reporting period for the 10-Q filing.
• 2024-05-02: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the fiscal year 2024, following the 10-K annual report.

Key Financial Figures

• $0.001 — hares of the registrant's common stock, $0.001 par value, outstanding, which is the on

Filing Documents

• ebay-20240331.htm (10-Q) — 1530KB
• ebay033124ex3101.htm (EX-31.01) — 11KB
• ebay033124ex3102.htm (EX-31.02) — 11KB
• ebay033124ex3201.htm (EX-32.01) — 5KB
• ebay033124ex3202.htm (EX-32.02) — 5KB
• ebay-20240331_g1.jpg (GRAPHIC) — 25KB
• 0001065088-24-000076.txt (&nbsp;) — 9758KB
• ebay-20240331.xsd (EX-101.SCH) — 65KB
• ebay-20240331_cal.xml (EX-101.CAL) — 100KB
• ebay-20240331_def.xml (EX-101.DEF) — 357KB
• ebay-20240331_lab.xml (EX-101.LAB) — 772KB
• ebay-20240331_pre.xml (EX-101.PRE) — 609KB
• ebay-20240331_htm.xml (XML) — 1661KB

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION Item 1

Financial Statements (unaudited)

Financial Statements (unaudited) 4 Item 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 40 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 51 Item 4

Controls and Procedures

Controls and Procedures 54

: OTHER INFORMATION

PART II: OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 55 Item 1A

Risk Factors

Risk Factors 55 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 55 Item 3 Defaults Upon Senior Securities 55 Item 4 Mine Safety Disclosures 55 Item 5 Other Information 56 Item 6 Exhibits 57

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements that involve expectations, plans or intentions (including but not limited to, those relating to future business, future results of operations or financial condition, inflationary pressure, foreign exchange rate volatility and geopolitical events, new or planned features or services, or management strategies). You can generally identify these forward-looking statements by words such as "anticipate," "believe," "commit," "continue," "could," "design," "develop," "estimate," "expect," "forecast," "future," "goal," "intend," "likely," "may," "ongoing," "opportunity," "plan," "possible," "potential," "seek," "should," "strategy," "target," "will," "would" and other similar expressions. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Such risks and uncertainties include, among others: fluctuations in, and our ability to predict, our results of operations and cash flows; our ability to convert visits into sales for our sellers, attract and retain sellers and buyers, and execute on our business strategy; our ability to compete in the markets in which we participate; our ability to generate revenue from our foreign operations and expand in international markets; the impact of inflationary pressure, fluctuations in foreign currency exchange rates, increasing interest rates and geopolitical events such as the ongoing wars in Ukraine and in Israel and Gaza, including the related disruptions to international shipping in the Red Sea; our ability to keep pace with rapid technological developments or continue to innovate and create new initiatives to provide new programs, products and services; our

: Financial Statements (unaudited)

Item 1: Financial Statements (unaudited) Index Page Condensed Consolidated Balance Sheet as of March 31, 2024 and December 31, 202 3 5 Condensed Consolidated Statement of Income for the three months ended March 31, 2024 and 202 3 6 Condensed Consolidated Statement of Comprehensive Income for the three months ended March 31, 2024 and 2023 7 Condensed Consolidated Statement of Stockholders' Equity for the three months ended March 31, 2024 and 202 3 8 Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2024 and 202 3 9 Notes to Condensed Consolidated Financial Statements 11 Note 1 — The Company and Summary of Significant Accounting Policies 11 Note 2 — Net Income Per Share 14 Note 3 — Goodwill and Intangible Assets 15 Note 4 — Segments 16 Note 5 — Investments 17 Note 6 — Derivative Instruments 21 Note 7 — Fair Value Measurement of Assets and Liabilities 25 Note 8 — Debt 29 Note 9 — Supplemental Consolidated Financial Information 31 Note 10 — Commitments and Contingencies 33 Note 11 — Stockholders' Equity 35 Note 12 — Employee Benefit Plans 36 Note 13 — Income Taxes 37 Note 14 — Accumulated Other Comprehensive Income 38 Note 15 — Restructuring 39 4 Table of Contents eBay Inc. CONDENSED CONSOLIDATED BALANCE SHEET March 31, 2024 December 31, 2023 (In millions, except par value) (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 2,130 $ 1,985 Short-term investments 1,743 2,533 Equity investment in Adevinta 4,240 4,474 Customer accounts and funds receivable 1,108 1,013 Other current assets 1,185 1,011 Total current assets 10,406 11,016 Long-term investments 1,546 1,129 Property and equipment, net 1,281 1,243 Goodwill 4,235 4,267 Operating lease right-of-use assets 469 493 Deferred tax assets 3,052 3,089 Other assets 429 383 Total assets $ 21,418 $ 21,620 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt $ 1,551

View Full Filing

View this 10-Q filing on SEC EDGAR