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).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets exhibited a declining trend from 14.02% in 2014 to a low of 7.62% in 2016, followed by a slight recovery to 9.65% in 2018. This indicates a reduced allocation of highly liquid assets over the period, with a modest increase in the final year.
Short-term investments
Short-term investments as a percentage of total assets rose sharply from 8.35% in 2014 to a peak of 24.17% in 2015, then steadily decreased to 11.89% by 2018. This pattern suggests an initial aggressive increase in short-term investment holdings, which were gradually reduced over subsequent years.
Accounts receivable, net
Net accounts receivable fluctuated moderately, increasing from 1.77% in 2014 to 3.48% in 2015, then dipping to 2.48% in 2016 before gradually rising again to 3.12% in 2018. Overall, receivables maintained a relatively low but somewhat inconsistent share of total assets.
Loans and interest receivable, net
Data for loans and interest receivable are reported only in 2014 at 7.98%; no subsequent data is available, signifying either a discontinuation or reclassification of this asset category in the succeeding years.
Funds receivable and customer accounts / Customer accounts and funds receivable
Initially reported as 23.36% in 2014 under "Funds receivable and customer accounts," this category shows data from 2015 onwards as "Customer accounts and funds receivable," with values fluctuating slightly around the 2.5% to 3% range. This significant reduction after 2014 suggests possible redefinitions or disposals of these assets.
Other / Other current assets
"Other" items as a percentage of total assets were relatively low, around 3%, but showed inconsistency with a low point at 2.01% in 2017 and an increase to 3.63% in 2018. When considering "Other current assets," a different trend emerged with a peak at 6.49% in 2015, a dip in 2017, and a return to 6.57% in 2018, indicating variability in miscellaneous asset components.
Current assets
The share of current assets in total assets consistently declined from 58.79% in 2014 to a low of 29.8% in 2017, with a slight upward adjustment to 31.23% in 2018. The overall decrease suggests a strategic shift away from current assets toward longer-term investments or fixed assets.
Long-term investments
Long-term investments demonstrated an uneven pattern, rising from 12.8% in 2014 to 24.37% in 2017, before decreasing to 16.56% in 2018. This indicates fluctuating commitment to long-term investment assets, peaking in 2017 before being reduced.
Property and equipment, net
Property and equipment as a percentage of total assets experienced modest variation, starting at 6.43% in 2014, increasing to 8.74% in 2015, then stabilizing around 6%-7% through 2018. This stability suggests a consistent level of investment in physical assets.
Goodwill
Goodwill showed notable volatility, increasing from 20.15% in 2014 to 25.03% in 2015, then declining sharply to 18.37% in 2017 before rising again to 22.61% in 2018. This pattern may reflect acquisition activity and subsequent impairments or revaluations.
Intangible assets, net
Intangible assets decreased steadily as a proportion of total assets from 1.25% in 2014 to a low of 0.27% in 2017, with a slight increase to 0.4% in 2018. Overall, intangible assets represent a small and declining portion of the asset base.
Deferred tax assets
Deferred tax assets are reported from 2016 onward, growing from 19.32% in 2016 to 21% in 2018. The absence of data prior to 2016 indicates either a change in accounting presentation or asset recognition. The increasing proportion suggests rising deferred tax benefit recognition.
Other assets
"Other assets" remained a minor component, fluctuating between 0.58% in 2014 and around 1.2% by 2018, suggesting a stable but small share of total assets.
Non-current assets
Non-current assets showed a clear upward trend, increasing from 41.21% of total assets in 2014 to a peak of 70.2% in 2017, then slightly declining to 68.77% in 2018. This indicates a strategic orientation towards long-term asset holdings over the period examined.
Total assets
Total assets remain consistently represented by 100% across all years, confirming the use of percentages to total assets as a basis for analysis.

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