EXHIBIT 99.1
eBay Inc.
Guidance Summary
(U.S. Dollars in Millions, Except Per Share Amounts)
| Three months ending June 30, 2003 | ||||||||||||||||
| GAAP | Adjustments | Pro Forma | ||||||||||||||
Net revenue | $ | 500 | — | $ | 500 | |||||||||||
Operating margin | 27 | % | 4 | % | (a | ) | 31 | % | ||||||||
Diluted EPS | $ | 0.30 | $ | 0.03 | (b | ) | $ | 0.33 | ||||||||
| Three months ending September 30, 2003 | ||||||||||||||||
| GAAP | Adjustments | Pro Forma | ||||||||||||||
Net revenue | $ | 510 | — | $ | 510 | |||||||||||
Operating margin | 28 | % | 3 | % | (a | ) | 31 | % | ||||||||
Diluted EPS | $ | 0.30 | $ | 0.03 | (b | ) | $ | 0.33 | ||||||||
| Three months ending December 31, 2003 | ||||||||||||||||
| GAAP | Adjustments | Pro Forma | ||||||||||||||
Net revenue | $ | 564 | — | $ | 564 | |||||||||||
Operating margin | 30 | % | 2 | % | (a | ) | 32 | % | ||||||||
Diluted EPS | $ | 0.35 | $ | 0.04 | (b | ) | $ | 0.39 | ||||||||
| (a) | Pro forma guidance reflects estimated adjustments for amortization of acquired intangible assets of approximately $12 million, payroll taxes on employee stock options of approximately $4 million, stock based compensation of approximately $1million, and other adjustments estimated to result in an operating margin adjustment of 4% for the three months ending June 30, 2003, 3% for the three months ending September 30, 2003, and 2% for the three months ending December 31, 2003. | |
| (b) | Net of tax, the above pro forma items resulted in a $0.03 per diluted share adjustment for the three months ending June 30, 2003 and September 30, 2003 and a $0.04 per diluted share adjustment for the three months ending December 31, 2003. |