Adjustments to Financial Statements
Difficulty: Advanced
Adjustments to Current Assets
eBay Inc., adjusted current assets
US$ in millions
|
|
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Current assets |
7,126 |
7,743 |
8,875 |
7,904 |
26,531 |
|
Adjustments |
|
|
Add: Allowance for doubtful accounts and authorized credits |
106 |
102 |
81 |
84 |
102 |
|
After Adjustment |
|
|
Adjusted current assets |
7,232 |
7,845 |
8,956 |
7,988 |
26,633 |
Based on:
10-K (filing date: 2019-01-30),
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).
Adjustments to Total Assets
eBay Inc., adjusted total assets
US$ in millions
|
|
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Total assets |
22,819 |
25,981 |
23,847 |
17,785 |
45,132 |
|
Adjustments |
|
|
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 |
515 |
281 |
212 |
206 |
419 |
|
|
Add: Allowance for doubtful accounts and authorized credits |
106 |
102 |
81 |
84 |
102 |
|
|
Less: Deferred tax assets2 |
4,792 |
5,195 |
4,608 |
— |
— |
|
After Adjustment |
|
|
Adjusted total assets |
18,648 |
21,169 |
19,532 |
18,075 |
45,653 |
Based on:
10-K (filing date: 2019-01-30),
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).
Adjustments to Current Liabilities
eBay Inc., adjusted current liabilities
US$ in millions
|
|
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Current liabilities |
4,454 |
3,539 |
3,847 |
2,263 |
17,531 |
|
Adjustments |
|
|
Less: Current deferred revenue |
170 |
117 |
110 |
106 |
188 |
|
After Adjustment |
|
|
Adjusted current liabilities |
4,284 |
3,422 |
3,737 |
2,157 |
17,343 |
Based on:
10-K (filing date: 2019-01-30),
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).
Adjustments to Total Liabilities
eBay Inc., adjusted total liabilities
US$ in millions
|
|
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Total liabilities |
16,538 |
17,918 |
13,308 |
11,209 |
25,226 |
|
Adjustments |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
515 |
281 |
212 |
206 |
419 |
|
|
Less: Deferred tax liabilities2 |
2,925 |
3,425 |
1,888 |
2,092 |
792 |
|
|
Less: Deferred revenue |
170 |
117 |
110 |
106 |
188 |
|
|
Less: Restructuring reserve |
8 |
— |
— |
— |
— |
|
After Adjustment |
|
|
Adjusted total liabilities |
13,950 |
14,657 |
11,522 |
9,217 |
24,665 |
Based on:
10-K (filing date: 2019-01-30),
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).
Adjustments to Stockholders’ Equity
eBay Inc., adjusted stockholders’ equity
US$ in millions
|
|
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Stockholders’ equity |
6,281 |
8,063 |
10,539 |
6,576 |
19,906 |
|
Adjustments |
|
|
Less: Net deferred tax assets and liabilities1 |
1,868 |
1,769 |
3,155 |
(1,669) |
(3,188) |
|
|
Add: Allowance for doubtful accounts and authorized credits |
106 |
102 |
81 |
84 |
102 |
|
|
Add: Deferred revenue |
170 |
117 |
110 |
106 |
188 |
|
|
Add: Restructuring reserve |
8 |
— |
— |
— |
— |
|
After Adjustment |
|
|
Adjusted stockholders’ equity |
4,697 |
6,513 |
7,575 |
8,435 |
23,384 |
Based on:
10-K (filing date: 2019-01-30),
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).
Adjustments to Capitalization Table
eBay Inc., adjusted capitalization table
US$ in millions
|
|
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Short-term debt |
1,546 |
781 |
1,451 |
— |
850 |
|
|
Long-term debt |
7,685 |
9,234 |
7,509 |
6,779 |
6,777 |
|
|
Total reported debt |
9,231 |
10,015 |
8,960 |
6,779 |
7,627 |
|
|
Stockholders’ equity |
6,281 |
8,063 |
10,539 |
6,576 |
19,906 |
|
|
Total reported capital |
15,512 |
18,078 |
19,499 |
13,355 |
27,533 |
|
Adjustments to Debt |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
515 |
281 |
212 |
206 |
419 |
|
|
Adjusted total debt |
9,746 |
10,296 |
9,172 |
6,985 |
8,046 |
|
Adjustments to Equity |
|
|
Less: Net deferred tax assets and liabilities2 |
1,868 |
1,769 |
3,155 |
(1,669) |
(3,188) |
|
|
Add: Allowance for doubtful accounts and authorized credits |
106 |
102 |
81 |
84 |
102 |
|
|
Add: Deferred revenue |
170 |
117 |
110 |
106 |
188 |
|
|
Add: Restructuring reserve |
8 |
— |
— |
— |
— |
|
|
Adjusted stockholders’ equity |
4,697 |
6,513 |
7,575 |
8,435 |
23,384 |
|
After Adjustment |
|
|
Adjusted total capital |
14,443 |
16,809 |
16,747 |
15,420 |
31,430 |
Based on:
10-K (filing date: 2019-01-30),
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).
1 Operating lease liability (before adoption of FASB Topic 842). See Details »
2 Net deferred tax assets and liabilities. See Details »
Adjustments to Revenues
eBay Inc., adjusted net revenues
US$ in millions
|
12 months ended |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Net revenues |
10,746 |
9,567 |
8,979 |
8,592 |
17,902 |
|
Adjustments |
|
|
Add: Increase (decrease) in deferred revenue |
33 |
7 |
4 |
(2) |
30 |
|
After Adjustment |
|
|
Adjusted net revenues |
10,779 |
9,574 |
8,983 |
8,590 |
17,932 |
Based on:
10-K (filing date: 2019-01-30),
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).
Adjustments to Reported Income
eBay Inc., adjusted net income (loss)
US$ in millions
|
12 months ended |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
Dec 31, 2014 |
|
As Reported |
|
|
Net income (loss) |
2,530 |
(1,016) |
7,266 |
1,725 |
46 |
|
Adjustments |
|
|
Add: Deferred income tax expense (benefit)1 |
(153) |
1,729 |
(4,556) |
(32) |
2,808 |
|
|
Add: Increase (decrease) in allowance for doubtful accounts and authorized credits |
4 |
21 |
(3) |
(2) |
(4) |
|
|
Add: Increase (decrease) in deferred revenue |
33 |
7 |
4 |
(2) |
30 |
|
|
Add: Increase (decrease) in restructuring reserve |
8 |
— |
— |
— |
— |
|
|
Less: Income (loss) from discontinued operations, net of income taxes |
2 |
(4) |
(19) |
(222) |
— |
|
|
Add: Other comprehensive income (loss), net tax |
(219) |
841 |
(650) |
(633) |
15 |
|
After Adjustment |
|
|
Adjusted net income (loss) |
2,201 |
1,586 |
2,080 |
1,278 |
2,895 |
Based on:
10-K (filing date: 2019-01-30),
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).
