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
Quarterly Data

eBay Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Cash and cash equivalents 4.79 7.12 7.59 9.65 8.82 6.75 10.29 8.16 6.78 9.59 7.98 7.62 8.55 10.01 13.70 10.30 13.02 10.89 12.21 14.02 10.77 9.21 10.89
Short-term investments 11.70 14.03 12.30 11.89 11.64 9.95 9.28 14.41 16.46 23.22 19.25 22.36 30.69 30.44 27.17 24.17 15.89 12.23 9.38 8.35 12.59 8.49 8.46
Accounts receivable, net 3.82 3.76 3.21 3.12 3.22 3.11 2.78 2.68 2.41 2.25 2.39 2.48 3.05 3.14 3.05 3.48 3.24 1.45 1.57 1.77 1.70 1.84 2.00
Loans and interest receivable, net 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.90 7.98 7.98 7.11 7.06 6.77
Funds receivable and customer accounts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24.86 24.29 23.36 22.40 24.10 23.80
Other current assets 7.53 7.42 6.75 6.57 5.77 5.97 5.19 4.56 4.63 4.62 4.62 4.76 5.42 6.00 5.56 6.49 6.28 3.60 3.71 3.30 3.11 3.05 3.24
Current assets held for sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.72 2.60 0.00 0.00 0.00 0.00 0.00
Current assets 27.83% 32.33% 29.85% 31.23% 29.44% 25.78% 27.54% 29.80% 30.29% 39.68% 34.23% 37.22% 47.72% 49.59% 49.48% 44.44% 45.15% 62.53% 59.13% 58.79% 57.68% 53.74% 55.15%
Long-term investments 7.73 9.15 13.30 16.56 18.08 22.59 24.11 24.37 24.29 17.30 18.30 16.64 19.12 17.71 17.19 19.07 19.48 12.88 12.59 12.80 13.21 14.93 12.85
Property and equipment, net 8.10 7.43 7.08 7.00 6.68 6.57 6.30 6.15 5.96 5.60 6.03 6.36 7.44 7.51 7.63 8.74 8.37 6.09 6.57 6.43 6.35 6.45 6.62
Goodwill 27.24 24.49 23.32 22.61 21.86 21.67 19.61 18.37 18.00 16.97 18.74 18.87 23.06 22.44 23.05 25.03 24.22 17.31 19.99 20.15 20.73 22.50 22.83
Intangible assets, net 0.42 0.44 0.48 0.40 0.45 0.51 0.22 0.27 0.30 0.33 0.35 0.43 0.57 0.37 0.42 0.51 0.49 0.62 1.07 1.25 1.44 1.71 1.99
Operating lease right-of-use assets 3.39 3.17 3.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred tax assets 23.37 21.11 21.09 21.00 21.11 21.06 21.04 20.00 20.10 19.07 21.21 19.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other assets 1.92 1.88 1.75 1.20 2.39 1.82 1.19 1.05 1.06 1.04 1.14 1.16 2.09 2.38 2.23 2.22 2.28 0.57 0.64 0.58 0.58 0.67 0.56
Non-current assets 72.17% 67.67% 70.15% 68.77% 70.56% 74.22% 72.46% 70.20% 69.71% 60.32% 65.77% 62.78% 52.28% 50.41% 50.52% 55.56% 54.85% 37.47% 40.87% 41.21% 42.32% 46.26% 44.85%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

A fundamental shift in the composition of the balance sheet occurred between March 2014 and September 2019, characterized by a significant migration from current to non-current assets. Current assets, which initially represented 55.15% of total assets, experienced a consistent long-term decline to 27.83% by the end of the period. In inverse correlation, non-current assets grew from 44.85% to 72.17%, indicating a structural change in how the company manages its asset base.

Liquidity and Short-Term Asset Trends
Cash and cash equivalents remained relatively volatile, generally fluctuating between 6% and 14% before trending downward to a period low of 4.79% in September 2019. Short-term investments showed a dramatic increase during 2015 and 2016, peaking at 30.69% in September 2016, before normalizing to approximately 11.70% by late 2019. A critical driver of the overall decline in current assets was the complete removal of "Funds receivable and customer accounts" from the reporting after June 2015, where they had previously accounted for approximately 23% to 24% of total assets.
Non-Current Asset Expansion
The growth in non-current assets was primarily driven by the emergence of deferred tax assets, which first appeared in December 2016 at 19.32% and remained a stable, significant component of the balance sheet, ending at 23.37%. Goodwill also exhibited an upward trend in the latter half of the period, rising from 18.87% in December 2016 to 27.24% in September 2019. Long-term investments were highly variable, peaking at 24.37% in December 2017 before declining sharply to 7.73% by September 2019.
Fixed and Intangible Assets
Property and equipment, net, remained a stable portion of the asset mix, oscillating within a narrow range between 5.60% and 8.10%. In contrast, net intangible assets saw a steady and significant erosion, dropping from 1.99% in March 2014 to 0.42% by September 2019. Additionally, the introduction of operating lease right-of-use assets starting in March 2019 added a new component to the non-current asset base, contributing approximately 3.39% by the end of the period.

AI Ask an analyst for more

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.

How can I help you?