eBay Inc. Files Q2 2024 10-Q Financial Report

TL;DR

eBay's Q2 2024 10-Q is in: Revenue and financials detailed.

AI Summary

eBay Inc. filed its 10-Q for the period ending June 30, 2024, reporting on its financial performance. The filing details revenue from contracts with customers and net interest income, among other financial metrics. The company's fiscal year ends on December 31st, and this report covers the second quarter of 2024.

Why It Matters

This filing provides investors and analysts with eBay's official financial results for the second quarter of 2024, offering insights into the company's revenue streams and financial health.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• 2024 Q2 — Reporting Period (Covers the second quarter of 2024.)
• 12/31 — Fiscal Year End (Indicates the company's fiscal year concludes on December 31st.)

Key Players & Entities

• EBAY INC (company) — Filer
• 20240630 (date) — Period of Report
• 20240801 (date) — Filed as of Date
• 770430924 (dollar_amount) — IRS Number
• DE (company) — State of Incorporation
• 1231 (date) — Fiscal Year End
• 001-37713 (company) — SEC File Number
• 241166478 (dollar_amount) — Film Number
• 2025 HAMILTON AVENUE (company) — Business Address Street 1
• SAN JOSE (company) — Business Address City

FAQ

Key Financial Figures

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

Filing Documents

• ebay-20240630.htm (10-Q) — 1860KB
• ebay063024ex3101.htm (EX-31.01) — 11KB
• ebay063024ex3102.htm (EX-31.02) — 11KB
• ebay063024ex3201.htm (EX-32.01) — 5KB
• ebay063024ex3202.htm (EX-32.02) — 5KB
• ebay-20240630_g1.jpg (GRAPHIC) — 25KB
• 0001065088-24-000145.txt ( ) — 10972KB
• ebay-20240630.xsd (EX-101.SCH) — 66KB
• ebay-20240630_cal.xml (EX-101.CAL) — 110KB
• ebay-20240630_def.xml (EX-101.DEF) — 360KB
• ebay-20240630_lab.xml (EX-101.LAB) — 796KB
• ebay-20240630_pre.xml (EX-101.PRE) — 628KB
• ebay-20240630_htm.xml (XML) — 1973KB

: 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 42 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 55 Item 4

Controls and Procedures

Controls and Procedures 58

: OTHER INFORMATION

PART II: OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 59 Item 1A

Risk Factors

Risk Factors 59 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 59 Item 3 Defaults Upon Senior Securities 59 Item 4 Mine Safety Disclosures 59 Item 5 Other Information 59 Item 6 Exhibits 61

: 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," "probable," "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 ser

: Financial Statements (unaudited)

Item 1: Financial Statements (unaudited) Index Page Condensed Consolidated Balance Sheet as of June 30 , 2024 and December 31, 2023 5 Condensed Consolidated Statement of Income for the three and six months ended June 30 , 2024 and 2023 6 Condensed Consolidated Statement of Comprehensive Income for the three and six months ended June 30 , 2024 and 2023 7 Condensed Consolidated Statement of Stockholders' Equity for the three and six months ended June 30 , 2024 and 2023 8 Condensed Consolidated Statement of Cash Flows for the six months ended June 30 , 2024 and 2023 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 22 Note 7 — Fair Value Measurement of Assets and Liabilities 26 Note 8 — Debt 30 Note 9 — Supplemental Consolidated Financial Information 32 Note 10 — Commitments and Contingencies 34 Note 11 — Stockholders' Equity 36 Note 12 — Employee Benefit Plans 37 Note 13 — Income Taxes 38 Note 14 — Accumulated Other Comprehensive Income 39 Note 15 — Restructuring 41 4 Table of Contents eBay Inc. CONDENSED CONSOLIDATED BALANCE SHEET June 30, 2024 December 31, 2023 (In millions, except par value) (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 1,963 $ 1,985 Short-term investments 3,203 2,533 Equity investment in Adevinta — 4,474 Customer accounts and funds receivable 1,071 1,013 Other current assets 1,032 1,011 Total current assets 7,269 11,016 Long-term investments 1,722 1,129 Equity investment in Aurelia 1,910 — Property and equipment, net 1,285 1,243 Goodwill 4,285 4,267 Operating lease right-of-use assets 439 493 Deferred tax assets 3,011 3,089 Other assets 457 383 Total assets $ 20,378 $ 21,620 LIABILITIES AND STOCKHOLDERS' EQU

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View this 10-Q filing on SEC EDGAR