Income Statement
Quarterly Data
Difficulty: Beginner
The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
eBay Inc., Consolidated Income Statement (quarterly data)
USD $ in millions
| 3 months ended | 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 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net revenues | 2,649 | 2,640 | 2,580 | 2,613 | 2,409 | 2,328 | 2,217 | 2,395 | 2,217 | 2,230 | 2,137 | 2,322 | 2,099 | 2,110 | 2,061 | 4,921 | 4,353 | 4,366 | 4,262 | 4,530 | 3,892 | 3,877 | 3,748 | ||||||||||||||||||||||||
| Cost of net revenues | (608) | (597) | (559) | (590) | (556) | (561) | (515) | (539) | (498) | (493) | (477) | (493) | (433) | (434) | (411) | (1,600) | (1,389) | (1,392) | (1,351) | (1,449) | (1,224) | (1,211) | (1,152) | ||||||||||||||||||||||||
| Gross profit | 2,041 | 2,043 | 2,021 | 2,023 | 1,853 | 1,767 | 1,702 | 1,856 | 1,719 | 1,737 | 1,660 | 1,829 | 1,666 | 1,676 | 1,650 | 3,321 | 2,964 | 2,974 | 2,911 | 3,081 | 2,668 | 2,666 | 2,596 | ||||||||||||||||||||||||
| Sales and marketing | (852) | (838) | (756) | (689) | (627) | (637) | (562) | (608) | (600) | (622) | (538) | (595) | (565) | (588) | (519) | (945) | (923) | (914) | (805) | (837) | (755) | (771) | (697) | ||||||||||||||||||||||||
| Product development | (307) | (352) | (334) | (317) | (316) | (313) | (278) | (292) | (288) | (295) | (239) | (229) | (241) | (232) | (221) | (509) | (511) | (500) | (480) | (450) | (433) | (451) | (434) | ||||||||||||||||||||||||
| General and administrative | (248) | (368) | (270) | (265) | (254) | (267) | (245) | (249) | (224) | (218) | (209) | (260) | (207) | (353) | (302) | (475) | (442) | (461) | (465) | (461) | (415) | (419) | (408) | ||||||||||||||||||||||||
| Provision for transaction losses | (65) | (66) | (72) | (79) | (68) | (63) | (62) | (59) | (56) | (64) | (52) | (72) | (65) | (65) | (69) | (273) | (249) | (232) | (204) | (238) | (185) | (193) | (175) | ||||||||||||||||||||||||
| Amortization of acquired intangible assets | (13) | (13) | (10) | (10) | (10) | (9) | (9) | (10) | (9) | (7) | (8) | (11) | (10) | (10) | (10) | (58) | (58) | (73) | (79) | (73) | (81) | (82) | (82) | ||||||||||||||||||||||||
| Operating expenses | (1,485) | (1,637) | (1,442) | (1,360) | (1,275) | (1,289) | (1,156) | (1,218) | (1,177) | (1,206) | (1,046) | (1,167) | (1,088) | (1,248) | (1,121) | (2,260) | (2,183) | (2,180) | (2,033) | (2,059) | (1,869) | (1,916) | (1,796) | ||||||||||||||||||||||||
| Income from operations | 556 | 406 | 579 | 663 | 578 | 478 | 546 | 638 | 542 | 531 | 614 | 662 | 578 | 428 | 529 | 1,061 | 781 | 794 | 878 | 1,022 | 799 | 750 | 800 | ||||||||||||||||||||||||
| Interest and other, net | 392 | 301 | (32) | (102) | 119 | (18) | 12 | 1,366 | (9) | (8) | (23) | (12) | 87 | 124 | 10 | (7) | 20 | 9 | (5) | 6 | 74 | 6 | 9 | ||||||||||||||||||||||||
| Income before income taxes | 948 | 707 | 547 | 561 | 697 | 460 | 558 | 2,004 | 533 | 523 | 591 | 650 | 665 | 552 | 539 | 1,054 | 801 | 803 | 873 | 1,028 | 873 | 756 | 809 | ||||||||||||||||||||||||
| Income tax (provision) benefit | (228) | (69) | (140) | (3,158) | (174) | (433) | 477 | 3,944 | (115) | (86) | (109) | (127) | (120) | (122) | (90) | (31) | (128) | (127) | (3,199) | (178) | (184) | (116) | (132) | ||||||||||||||||||||||||
| Income (loss) from continuing operations | 720 | 638 | 407 | (2,597) | 523 | 27 | 1,035 | 5,948 | 418 | 437 | 482 | 523 | 545 | 430 | 449 | 1,023 | 673 | 676 | (2,326) | 850 | 689 | 640 | 677 | ||||||||||||||||||||||||
| Income (loss) from discontinued operations, net of income taxes | 1 | 4 | – | (4) | – | – | – | (12) | (5) | (2) | – | (46) | (6) | (347) | 177 | – | – | – | – | – | – | – | – | ||||||||||||||||||||||||
| Net income (loss) | 721 | 642 | 407 | (2,601) | 523 | 27 | 1,035 | 5,936 | 413 | 435 | 482 | 477 | 539 | 83 | 626 | 1,023 | 673 | 676 | (2,326) | 850 | 689 | 640 | 677 |
Based on: 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-07-19), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-05), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-01), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-21), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-06), 10-Q (filing date: 2014-10-16), 10-Q (filing date: 2014-07-18), 10-Q (filing date: 2014-05-01), 10-K (filing date: 2014-01-31), 10-Q (filing date: 2013-10-18), 10-Q (filing date: 2013-07-19), 10-Q (filing date: 2013-04-19).
| Item | Description | The company |
|---|---|---|
| Net revenues | Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. | eBay Inc.'s net revenues increased from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018. |
| Income from operations | The net result for the period of deducting operating expenses from operating revenues. | eBay Inc.'s income from operations declined from Q1 2018 to Q2 2018 but then increased from Q2 2018 to Q3 2018 not reaching Q1 2018 level. |
| Income before income taxes | Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. | eBay Inc.'s income before income taxes increased from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018. |
| Net income (loss) | The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. | eBay Inc.'s net income (loss) increased from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018. |