Adjustments to Financial Statements
Difficulty: Advanced
Adjustments to Current Assets
eBay Inc., adjusted current assets
USD $ in millions
|
|
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
Dec 31, 2013 |
|
As Reported |
|
|
Current assets |
7,743 |
8,875 |
7,904 |
26,531 |
23,283 |
|
Adjustments |
|
|
Add: Allowance for doubtful accounts and authorized credits |
102 |
81 |
84 |
102 |
106 |
|
After Adjustment |
|
|
Adjusted current assets |
7,845 |
8,956 |
7,988 |
26,633 |
23,389 |
Based on:
10-K (filing date: 2018-02-05),
10-K (filing date: 2017-02-06),
10-K (filing date: 2016-02-01),
10-K (filing date: 2015-02-06),
10-K (filing date: 2014-01-31).
Adjustments to Total Assets
eBay Inc., adjusted total assets
USD $ in millions
|
|
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
Dec 31, 2013 |
|
As Reported |
|
|
Total assets |
25,981 |
23,847 |
17,785 |
45,132 |
41,488 |
|
Adjustments |
|
|
Add: Operating leased assets1 |
281 |
212 |
206 |
419 |
408 |
|
|
Add: Allowance for doubtful accounts and authorized credits |
102 |
81 |
84 |
102 |
106 |
|
|
Less: Deferred tax assets2 |
5,195 |
4,608 |
– |
– |
– |
|
After Adjustment |
|
|
Adjusted total assets |
21,169 |
19,532 |
18,075 |
45,653 |
42,002 |
Based on:
10-K (filing date: 2018-02-05),
10-K (filing date: 2017-02-06),
10-K (filing date: 2016-02-01),
10-K (filing date: 2015-02-06),
10-K (filing date: 2014-01-31).
Adjustments to Current Liabilities
eBay Inc., adjusted current liabilities
USD $ in millions
|
|
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
Dec 31, 2013 |
|
As Reported |
|
|
Current liabilities |
3,539 |
3,847 |
2,263 |
17,531 |
12,639 |
|
Adjustments |
|
|
Less: Current deferred revenue |
117 |
110 |
106 |
188 |
158 |
|
After Adjustment |
|
|
Adjusted current liabilities |
3,422 |
3,737 |
2,157 |
17,343 |
12,481 |
Based on:
10-K (filing date: 2018-02-05),
10-K (filing date: 2017-02-06),
10-K (filing date: 2016-02-01),
10-K (filing date: 2015-02-06),
10-K (filing date: 2014-01-31).
Adjustments to Total Liabilities
eBay Inc., adjusted total liabilities
USD $ in millions
|
|
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
Dec 31, 2013 |
|
As Reported |
|
|
Total liabilities |
17,918 |
13,308 |
11,209 |
25,226 |
17,841 |
|
Adjustments |
|
|
Add: Operating lease obligations1 |
281 |
212 |
206 |
419 |
408 |
|
|
Less: Deferred revenue |
117 |
110 |
106 |
188 |
158 |
|
After Adjustment |
|
|
Adjusted total liabilities |
18,082 |
13,410 |
11,309 |
25,457 |
18,091 |
Based on:
10-K (filing date: 2018-02-05),
10-K (filing date: 2017-02-06),
10-K (filing date: 2016-02-01),
10-K (filing date: 2015-02-06),
10-K (filing date: 2014-01-31).
Adjustments to Stockholders' Equity
eBay Inc., adjusted stockholders' equity
USD $ in millions
|
|
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
Dec 31, 2013 |
|
As Reported |
|
|
Stockholders' equity |
8,063 |
10,539 |
6,576 |
19,906 |
23,647 |
|
Adjustments |
|
|
Less: Net deferred tax assets and liabilities1 |
1,769 |
3,155 |
(1,669) |
(3,188) |
(638) |
|
|
Add: Allowance for doubtful accounts and authorized credits |
102 |
81 |
84 |
102 |
106 |
|
|
Add: Deferred revenue |
117 |
110 |
106 |
188 |
158 |
|
After Adjustment |
|
|
Adjusted stockholders' equity |
6,513 |
7,575 |
8,435 |
23,384 |
24,549 |
Based on:
10-K (filing date: 2018-02-05),
10-K (filing date: 2017-02-06),
10-K (filing date: 2016-02-01),
10-K (filing date: 2015-02-06),
10-K (filing date: 2014-01-31).
Adjustments to Capitalization Table
eBay Inc., adjusted capitalization table
USD $ in millions
|
|
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
Dec 31, 2013 |
|
As Reported |
|
|
Short-term debt |
781 |
1,451 |
– |
850 |
6 |
|
|
Long-term debt |
9,234 |
7,509 |
6,779 |
6,777 |
4,117 |
|
|
Total reported debt |
10,015 |
8,960 |
6,779 |
7,627 |
4,123 |
|
|
Stockholders' equity |
8,063 |
10,539 |
6,576 |
19,906 |
23,647 |
|
|
Total reported capital |
18,078 |
19,499 |
13,355 |
27,533 |
27,770 |
|
Adjustments to Debt |
|
|
Add: Operating lease obligations1 |
281 |
212 |
206 |
419 |
408 |
|
|
Adjusted total debt |
10,296 |
9,172 |
6,985 |
8,046 |
4,531 |
|
Adjustments to Equity |
|
|
Less: Net deferred tax assets and liabilities2 |
1,769 |
3,155 |
(1,669) |
(3,188) |
(638) |
|
|
Add: Allowance for doubtful accounts and authorized credits |
102 |
81 |
84 |
102 |
106 |
|
|
Add: Deferred revenue |
117 |
110 |
106 |
188 |
158 |
|
|
Adjusted stockholders' equity |
6,513 |
7,575 |
8,435 |
23,384 |
24,549 |
|
After Adjustment |
|
|
Adjusted total capital |
16,809 |
16,747 |
15,420 |
31,430 |
29,080 |
Based on:
10-K (filing date: 2018-02-05),
10-K (filing date: 2017-02-06),
10-K (filing date: 2016-02-01),
10-K (filing date: 2015-02-06),
10-K (filing date: 2014-01-31).
Adjustments to Revenues
eBay Inc., adjusted net revenues
USD $ in millions
|
12 months ended |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
Dec 31, 2013 |
|
As Reported |
|
|
Net revenues |
9,567 |
8,979 |
8,592 |
17,902 |
16,047 |
|
Adjustments |
|
|
Add: Increase (decrease) in deferred revenue |
7 |
4 |
(2) |
30 |
21 |
|
After Adjustment |
|
|
Adjusted net revenues |
9,574 |
8,983 |
8,590 |
17,932 |
16,068 |
Based on:
10-K (filing date: 2018-02-05),
10-K (filing date: 2017-02-06),
10-K (filing date: 2016-02-01),
10-K (filing date: 2015-02-06),
10-K (filing date: 2014-01-31).
Adjustments to Reported Income
eBay Inc., adjusted net income (loss)
USD $ in millions
|
12 months ended |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
Dec 31, 2013 |
|
As Reported |
|
|
Net income (loss) |
(1,016) |
7,266 |
1,725 |
46 |
2,856 |
|
Adjustments |
|
|
Add: Deferred income tax expense (benefit)1 |
1,729 |
(4,556) |
(32) |
2,808 |
(31) |
|
|
Add: Increase (decrease) in allowance for doubtful accounts and authorized credits |
21 |
(3) |
(2) |
(4) |
17 |
|
|
Add: Increase (decrease) in deferred revenue |
7 |
4 |
(2) |
30 |
21 |
|
|
Less: Loss from discontinued operations, net of income taxes |
(4) |
(19) |
(222) |
– |
– |
|
|
Add: Other comprehensive income (loss), net tax |
841 |
(650) |
(633) |
15 |
300 |
|
After Adjustment |
|
|
Adjusted net income (loss) |
1,586 |
2,080 |
1,278 |
2,895 |
3,163 |
Based on:
10-K (filing date: 2018-02-05),
10-K (filing date: 2017-02-06),
10-K (filing date: 2016-02-01),
10-K (filing date: 2015-02-06),
10-K (filing date: 2014-01-31).
