Income Statement
Quarterly Data
The income statement presents information on the financial results of a company 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.
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- Cash Flow Statement
- Analysis of Short-term (Operating) Activity Ratios
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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eBay Inc., consolidated income statement (quarterly data)
US$ in millions
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).
- Net Revenues
- Net revenues show a seasonal pattern with peaks typically occurring in the fourth quarter of each year, reflecting strong end-of-year sales. Over the six-year period, net revenues generally increased but with some fluctuations; the early 2015 figures are approximately half of the other quarters, suggesting a possible change in reporting or business structure. From 2016 onwards, revenues largely stabilized in the 2100 to 2900 million USD range per quarter.
- Cost of Net Revenues
- The cost of net revenues follows a similar seasonal pattern as revenues but remains consistently lower, leading to positive gross profits. There is an increasing trend in the magnitude of these costs over time, reflecting either inflationary effects or increased operational scale. The cost increased steadily from below 1400 million USD in 2014 first quarter to around 600 million USD by 2019, also exhibiting regular quarterly fluctuations.
- Gross Profit
- Gross profit tends to move in line with net revenues, with consistent seasonal increases during the fourth quarter of each year. Despite rising costs, gross profits remain relatively stable, frequently exceeding 2000 million USD in later years, indicating maintained profitability at the gross margin level across the periods.
- Operating Expenses
- Operating expenses exhibit growth over the period, increasing from approximately 2000 million USD in the early quarters up to around 1500 million USD in later years, with some fluctuations. Sales and marketing expenses are the largest component and show a clear upward trend, especially in later years, possibly indicating increased investment in growth or customer acquisition. Product development and general administrative expenses remain relatively steady but tend to increase slightly over time.
- Income From Operations
- Operating income fluctuates between approximately 500 and 1000 million USD, peaking during fourth quarters. These variations mirror revenue seasonality and controlled operating expenses. Despite some volatility, income from operations remains positive throughout the period, showing sustained operational profitability.
- Interest and Other, Net
- This category exhibits irregular and volatile values, ranging from significant negative values to very large positive spikes such as the 1366 million USD in the fourth quarter of 2016. This volatility significantly affects income before taxes during certain periods, indicating that non-operating income components have substantial, inconsistent impact on earnings.
- Income Before Income Taxes
- Income before taxes generally follows the trend of operating income but is affected by the volatile interest and other net figures, especially noticeable with the large spike in late 2016. Overall, income before taxes remains positive but with notable fluctuations tied to the non-operating income components.
- Income Tax Provision (Benefit)
- Income tax provisions demonstrate considerable variability, with some quarters showing significant benefits (negative tax provision values) and others normal tax expenses. For example, there is a notable tax benefit in the fourth quarter of 2016 far exceeding prior periods, and large tax expenses in early and late periods. This inconsistency suggests episodic tax adjustments or reclassifications affecting reported income.
- Income (Loss) from Continuing Operations
- This measure reflects marked volatility, with some significant losses such as in the first quarter of 2014 and the fourth quarter of 2017, contrasted with substantial gains like in the fourth quarter of 2016. The fluctuations correspond to the combined effects of operating income, volatile non-operating items, and large swings in tax provisions. In general, continuing operations produce profit in most quarters, but seasonal and extraordinary items cause substantial income swings.
- Income (Loss) from Discontinued Operations
- Discontinued operations contribute sporadically and erratically, with small occasional positive or negative impacts recorded in several quarters between 2015 and 2019. These amounts are relatively minor compared to continuing operations and operating results, indicating they have limited influence on overall profitability.
- Net Income (Loss)
- Net income closely follows the pattern of income from continuing operations, including the same significant swings. Notably, large negative net income in the first quarter of 2014 and the fourth quarter of 2017 contrast with very large positive spikes in late 2016, mirroring the extraordinary impacts of non-operating income and tax benefits. Despite volatility, most quarters show positive net income, with increasing stability towards the later years recorded.