Stock Analysis on Net
Stock Analysis on Net

eBay Inc. (NASDAQ:EBAY)

This company has been moved to the archive! The financial data has not been updated since October 24, 2019.

Common-Size Balance Sheet: Assets

eBay Inc., common-size consolidated balance sheet: assets

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Cash and cash equivalents 9.65 8.16 7.62 10.30 14.02
Short-term investments 11.89 14.41 22.36 24.17 8.35
Accounts receivable, net 3.12 2.68 2.48 3.48 1.77
Loans and interest receivable, net 0.00 0.00 0.00 0.00 7.98
Funds receivable and customer accounts 0.00 0.00 0.00 0.00 23.36
Customer accounts and funds receivable 2.94 2.55 2.47 2.94 0.00
Other 3.63 2.01 2.28 3.55 3.30
Other current assets 6.57% 4.56% 4.76% 6.49% 3.30%
Current assets 31.23% 29.80% 37.22% 44.44% 58.79%
Long-term investments 16.56 24.37 16.64 19.07 12.80
Property and equipment, net 7.00 6.15 6.36 8.74 6.43
Goodwill 22.61 18.37 18.87 25.03 20.15
Intangible assets, net 0.40 0.27 0.43 0.51 1.25
Deferred tax assets 21.00 20.00 19.32 0.00 0.00
Other assets 1.20 1.05 1.16 2.22 0.58
Non-current assets 68.77% 70.20% 62.78% 55.56% 41.21%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

Between 2014 and 2018, a fundamental shift occurred in the composition of the asset base, moving from a predominantly liquid position to one characterized by a higher concentration of non-current assets.

Current Asset Trends
The proportion of total assets held as current assets experienced a significant contraction, falling from 58.79% in 2014 to 31.23% in 2018. This downward trend was heavily influenced by the removal of large receivable categories present in 2014—specifically loans, interest, and customer funds receivables—which collectively accounted for approximately 31.34% of total assets in the initial year. Subsequent years show a stabilized but much lower percentage for customer accounts and funds receivable, remaining below 3%.
Liquidity and Short-term Investments
Cash and cash equivalents decreased from 14.02% in 2014 to 9.65% in 2018, reflecting a general decline in immediate liquidity. Short-term investments exhibited significant volatility, peaking at 24.17% in 2015 before trending downward to 11.89% by 2018. The combined weight of cash and short-term investments shifted from 22.37% in 2014 to 21.54% in 2018, with a notable peak in 2015-2016.
Non-current Asset Expansion
Non-current assets grew from 41.21% in 2014 to 68.77% in 2018. A primary driver of this expansion was the introduction of deferred tax assets, which appeared in 2016 at 19.32% and grew steadily to 21.00% by 2018. Long-term investments also showed variability, peaking at 24.37% in 2017 before receding to 16.56% in 2018.
Fixed and Intangible Asset Stability
Goodwill remained a substantial element of the balance sheet, fluctuating between a high of 25.03% in 2015 and a low of 18.37% in 2017, ending the period at 22.61%. Net intangible assets showed a consistent decline, falling from 1.25% in 2014 to 0.40% in 2018. Property and equipment, net, remained relatively stable, consistently representing between 6% and 9% of total assets.

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