eBay (EBAY) 10-K 17 Feb 10 2009 FY Annual report Financial data

Statement Of Financial Position

Statement Of Financial Position Classified (USD $)
In Thousands	Dec. 31, 2009	Dec. 31, 2008
Current assets:
Cash and cash equivalents	$3,999,818	$3,188,928
Short-term investments	943,986	163,734
Accounts receivable, net	407,507	435,197
Loans and interest receivable, net	622,846	570,071
Funds receivable and customer accounts	2,157,945	1,467,962
Other current assets	328,106	460,698
Total current assets	8,460,208	6,286,590
Long-term investments	1,381,765	106,178
Property and equipment, net	1,314,328	1,198,714
Goodwill	6,143,086	7,025,398
Intangible assets, net	767,812	736,134
Other assets	341,121	239,425
Total assets	18,408,320	15,592,439
Current liabilities:
Accounts payable	192,412	170,332
Funds payable and amounts due to customers	2,157,945	1,467,962
Accrued expenses and other current liabilities	981,784	784,774
Deferred revenue and customer advances	99,305	181,596
Income taxes payable	210,522	100,423
Borrowings from credit agreement	0	1,000,000
Total current liabilities	3,641,968	3,705,087
Deferred and other tax liabilities, net	929,143	753,965
Other liabilities	49,561	49,529
Total liabilities	4,620,672	4,508,581
Stockholders' equity:
Common stock, $0.001 par value; 3,580,000 shares authorized; 1,282,025 and 1,297,799 shares outstanding	1,486	1,470
Additional paid-in capital	9,986,199	9,585,853
Treasury stock at cost, 188,200 and 188,251 shares	(5,377,258)	(5,376,970)
Retained earnings	8,359,117	5,970,020
Accumulated other comprehensive income	818,104	903,485
Total stockholders' equity	13,787,648	11,083,858
Total liabilities and stockholders' equity	$18,408,320	$15,592,439

1_Statement Of Financial Positi

Statement Of Financial Position Classified (Parenthetical) (USD $)
Share data in Thousands	Dec. 31, 2009	Dec. 31, 2008
Common stock, par value	0.001	0.001
Common stock, shares authorized	3,580,000	3,580,000
Common stock, shares outstanding	1,297,799	1,282,025
Treasury stock at cost, shares	188,251	188,200

Statement Of Income

Statement Of Income (USD $)
In Thousands, except Per Share data	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Net revenues	$8,727,362	$8,541,261	$7,672,329
Cost of net revenues	2,479,762	2,228,069	1,762,972
Gross profit	6,247,600	6,313,192	5,909,357
Operating expenses:
Sales and marketing	1,885,677	1,881,551	1,882,810
Product development	803,070	725,600	619,727
General and administrative	1,418,389	998,871	904,681
Provision for transaction and loan losses	382,825	347,453	293,917
Amortization of acquired intangible assets	262,686	234,916	204,104
Restructuring	38,187	49,119	0
Impairment of goodwill	0	0	1,390,938
Total operating expenses	4,790,834	4,237,510	5,296,177
Income from operations	1,456,766	2,075,682	613,180
Interest and other income, net	1,422,385	107,882	137,671
Income before income taxes	2,879,151	2,183,564	750,851
Provision for income taxes	(490,054)	(404,090)	(402,600)
Net income	$2,389,097	$1,779,474	$348,251
Net income per share:
Basic	1.85	1.37	0.26
Diluted	1.83	1.36	0.25
Weighted average shares:
Basic	1,289,848	1,303,454	1,358,797
Diluted	1,304,981	1,312,608	1,376,174

Statement Of Other Comprehensiv

Statement Of Other Comprehensive Income (USD $)
In Thousands	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Net income	$2,389,097	$1,779,474	$348,251
Other comprehensive income:
Foreign currency translation	(217,724)	(553,490)	645,202
Unrealized gains (losses) on investments	288,880	(464,171)	589,566
Unrealized (losses) gains on cash flow hedges	(45,173)	40,522	(175)
Estimated tax (provision) benefit on above items	(111,364)	179,348	(229,514)
Net change in accumulated other comprehensive income	(85,381)	(797,791)	1,005,079
Other comprehensive income	$2,303,716	$981,683	$1,353,330

Statement Of Shareholders Equit

Statement Of Shareholders Equity And Other Comprehensive Income (USD $)
In Thousands	Common stock [Member]					[Member]	Total
Balance, beginning of year at Dec. 31, 2006						1,368,512
Balance, beginning of year at Dec. 31, 2006	$1,431	$8,034,282	($1,669,428)	$3,842,150	$696,197
Common stock and stock-based awards issued and assumed		517,288
Change in unrealized gains (losses) on investments, net of tax					360,047
Cumulative effect of in accounting principle				145
Common stock repurchased			(1,515,553)
Common stock issued	27
Stock-based compensation		306,453
Change in unrealized gains (losses) on cash flow hedges, net of tax					(170)
Net income				348,251			348,251
Stock-based awards tax impact		130,667
Foreign currency translation adjustment					645,202
Structured stock repurchases		7,613
Noncontrolling interests		0
Number of Shares:
Common stock issued						26,979
Common stock repurchased/forfeited						(45,272)
Balance, end of year at Dec. 31, 2007	1,458	8,996,303	(3,184,981)	4,190,546	1,701,276		11,704,602
Balance, end of year at Dec. 31, 2007						1,350,219
Common stock and stock-based awards issued and assumed		227,222
Change in unrealized gains (losses) on investments, net of tax					(283,611)
Cumulative effect of in accounting principle				0
Common stock repurchased			(2,191,989)
Common stock issued	12
Stock-based compensation		358,354
Change in unrealized gains (losses) on cash flow hedges, net of tax					39,310
Net income				1,779,474			1,779,474
Stock-based awards tax impact		(8,303)
Foreign currency translation adjustment					(553,490)
Structured stock repurchases		12,277
Noncontrolling interests		0
Number of Shares:
Common stock issued						12,484
Common stock repurchased/forfeited						(80,678)
Balance, end of year at Dec. 31, 2008	1,470	9,585,853	(5,376,970)	5,970,020	903,485		11,083,858
Balance, end of year at Dec. 31, 2008						1,282,025
Common stock and stock-based awards issued and assumed		67,934
Change in unrealized gains (losses) on investments, net of tax					176,160
Cumulative effect of in accounting principle				0
Common stock repurchased			(288)
Common stock issued	16
Stock-based compensation		394,807
Change in unrealized gains (losses) on cash flow hedges, net of tax					(43,817)
Net income				2,389,097			2,389,097
Stock-based awards tax impact		(64,136)
Foreign currency translation adjustment					(217,724)
Structured stock repurchases		0
Noncontrolling interests		1,741
Number of Shares:
Common stock issued						15,825
Common stock repurchased/forfeited						(51)
Balance, end of year at Dec. 31, 2009	$1,486	$9,986,199	($5,377,258)	$8,359,117	$818,104		$13,787,648
Balance, end of year at Dec. 31, 2009						1,297,799

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect (USD $)
In Thousands	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Cash flows from operating activities:
Net income	$2,389,097	$1,779,474	$348,251
Adjustments:
Provision for transaction and loan losses	382,825	347,453	293,917
Depreciation and amortization	810,946	719,814	601,621
Impairment of goodwill	0	0	1,390,938
Stock-based compensation	394,807	353,323	301,813
Deferred income taxes	(178,813)	(206,636)	(123,371)
Excess tax benefits from stock-based compensation	(4,750)	(4,701)	(84,830)
Gain on sale of Skype	(1,449,800)	0	0
Joltid legal settlement	343,199	0	0
Changes in assets and liabilities, net of acquisition and disposition effects:
Accounts receivable	(97,494)	(66,853)	(185,516)
Other current assets	126,270	(91,188)	(105,186)
Other non-current assets	(31,292)	8,158	(89,866)
Accounts payable	(27,235)	14,946	36,954
Accrued expenses and other liabilities	(86,504)	(220,591)	(75,668)
Deferred revenue and customer advances	56,855	10,350	37,807
Income taxes	279,975	238,446	294,465
Net cash provided by operating activities	2,908,086	2,881,995	2,641,329
Cash flows from investing activities:
Purchases of property and equipment, net	(567,094)	(565,890)	(453,967)
Principal loans receivable, net of collections	(121,138)	(106,508)	0
Purchases of investments	(1,142,098)	(108,128)	(270,676)
Maturities and sales of investments	103,572	136,200	888,757
Acquisitions, net of cash acquired	(1,209,433)	(1,360,293)	(863,565)
Proceeds from the sale of Skype, net of cash disposed	1,780,321	0	0
Other	6,487	(52,727)	6,305
Net cash used in investing activities	(1,149,383)	(2,057,346)	(693,146)
Cash flows from financing activities:
Proceeds from issuance of common stock	102,526	152,799	506,955
Repurchases of common stock, net	0	(2,177,942)	(1,485,397)
Excess tax benefits from stock-based compensation	4,750	4,701	84,830
Tax withholdings related to net share settlements of restricted stock awards and units	(37,670)	(19,428)	0
Repayment of acquired line of credit	0	(433,981)	0
Net borrowings (repayments) under credit agreement	(1,000,000)	800,000	200,000
Funds receivable and customer accounts	(561,709)	45,617	(336,875)
Funds payable and amounts due to customers	561,709	(45,617)	336,875
Other	(15,262)	0	0
Net cash used in financing activities	(945,656)	(1,673,851)	(693,612)
Effect of exchange rate changes on cash and cash equivalents	(2,157)	(183,061)	303,828
Net increase (decrease) in cash and cash equivalents	810,890	(1,032,263)	1,558,399
Cash and cash equivalents at beginning of period	3,188,928	4,221,191	2,662,792
Cash and cash equivalents at end of period	3,999,818	3,188,928	4,221,191
Supplemental cash flow disclosures:
Cash paid for interest	6,050	7,759	10,474
Cash paid for income taxes	342,173	366,824	363,047
Non-cash investing and financing activities:
Common stock options assumed pursuant to acquisition	$5,361	$92,092	$10,361

The Company and Summary of Sign

The Company and Summary of Significant Accounting Policies:
	12 Months Ended Dec. 31, 2009 USD / shares
The Company and Summary of Significant Accounting Policies:	Note1 The Company and Summary of Significant Accounting Policies: The Company eBay Inc. (eBay) was incorporated in California in May 1996, and reincorporated in Delaware in April 1998. eBays purpose is to pioneer new communities around the world, built on commerce, sustained by trust, and inspired by opportunity. eBay brings together millions of buyers and sellers every day on a local, national and international basis through an array of websites. eBay provides online marketplaces for the sale of goods and services and online payment services. For the majority of the year ended December31, 2009, we operated three primary business segments: Marketplaces, Payments and Communications. Our Marketplaces segment provides the infrastructure to enable global online commerce on a variety of platforms, including the traditional eBay.com platform, and our other online platforms, such as our online classifieds businesses, our secondary tickets marketplace, StubHub, our online shopping comparison website, Shopping.com, and our apartment listing service platform, Rent.com, as well as our fixed price media marketplace (Half.com). Our Payments segment is comprised of payment solutions PayPal (which enables individuals or businesses to securely, easily and quickly send and receive payments online) and Bill Me Later (which we acquired in November 2008 and which enables online U.S.merchants to offer, and U.S.consumers to obtain, transactional credit at the point of sale). Our Communications segment, which consisted of Skype, enabled Internet communications between Skype users and provided low-cost connectivity to traditional fixed-line and mobile telephones. On November19, 2009, we completed the sale of Skype to an investor group (please see further discussion under the heading Note 4 Sale of Skype below). Following the completion of the sale of Skype, we operated and continue to operate two primary business segments: Marketplaces and Payments. When we refer to we, our, us or eBay in this document, we mean the current Delaware corporation (eBay Inc.) and its California predecessor, as well as all of our consolidated subsidiaries. Use of estimates The preparation of consolidated financial statements in conformity with U.S.generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, we evaluate our estimates, including those related to provisions for transaction and loan losses, legal contingencies, income taxes, revenue recognition, stock-based compensation and the recoverability of goodwill and intangible assets. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results could differ from those estimates. Principles of consolidation and basis of presentation The accompanying financial statements are consolidated and include the financial statements o

Net Income Per Share:

Net Income Per Share:
	12 Months Ended Dec. 31, 2009 USD / shares
Net Income Per Share:	Note2 Net Income Per Share: Basic net income per share is computed by dividing the net income for the period by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing the net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and restricted stock units is reflected in diluted earnings per share by application of the treasury stock method. The calculation of diluted net income per share excludes all anti-dilutive shares. The following table sets forth the computation of basic and diluted net income per share for the periods indicated (in thousands, except per share amounts): Year Ended December31, 2007 2008 2009 Numerator: Net income $ 348,251 $ 1,779,474 $ 2,389,097 Denominator: Weighted average common shares basic 1,358,797 1,303,454 1,289,848 Dilutive effect of equity incentive plans 17,377 9,154 15,133 Weighted average common shares diluted 1,376,174 1,312,608 1,304,981 Net income per share: Basic $ 0.26 $ 1.37 $ 1.85 Diluted $ 0.25 $ 1.36 $ 1.83 Common stock equivalents excluded from income perdiluted share because their effect would have been anti-dilutive 83,422 102,642 53,026

Business Combinations:

Business Combinations:
	12 Months Ended Dec. 31, 2009 USD / shares
Business Combinations:	Note3 Business Combinations: Our acquisitions in 2009, 2008 and 2007 with aggregate purchase prices in excess of $100million were as follows: Gmarket Inc. On June15, 2009, we acquired 99.0% of the outstanding securities of Gmarket Inc. (Gmarket), a company organized under the laws of the Republic of Korea. We paid $24 per security, net to the holders in cash, through a cash tender offer resulting in a total cash purchase price of approximately $1.2 billion and assumed Gmarket outstanding stock options. Subsequent to the acquisition date, we acquired additional securities related to the noncontrolling interest. As of December31, 2009, we owned approximately 99.99% of the outstanding securities of Gmarket. Gmarket is a retail ecommerce marketplace in Korea, and is included in our Marketplaces segment. The rationale for acquiring Gmarket was to strengthen our ecommerce business in Korea and provide a platform for expansion throughout Asia. The fair value of Gmarkets stock options assumed was determined using the Black-Scholes model. The fair value of the non-controlling interest was determined based on the number of shares held by minority securityholders multiplied by the offer price of $24 per security. The following table summarizes the consideration paid for Gmarket (in thousands): Cash $ 1,209,433 Assumed stock options 5,361 Fair value of total consideration 1,214,794 Fair value of non-controlling interest 12,174 Total $ 1,226,968 The purchase price was allocated to the tangible assets and intangible assets acquired and liabilities assumed based on their estimated fair values on the acquisition date, with the remaining unallocated purchase price recorded as goodwill. The fair value assigned to identifiable intangible assets acquired has been determined primarily by using the income approach and variation of the income approach known as the profit allocation method, which discounts expected future cash flows to present value using estimates and assumptions determined by management. Purchased identifiable intangible assets are amortized on a straight-line basis over their respective useful lives. Our preliminary allocation of the purchase price is summarized in the table below (in thousands): Net tangible assets acquired $ 50,526 Goodwill 797,946 Trade name 264,604 User base 76,512 Developed technology 33,076 Other intangible assets 4,304 Total $ 1,226,968 Our estimated useful life of the identifiable intangible assets acquired is three years for developed technology, five years for the trade name and user base and one year for other intangibles. The allocation of the purchase price for the acquisition has been prepared on a preliminary basis and changes to that allocation may occur as additional information becomes available. Gmarkets financial results have been included in our consolidated statement of income as of June16, 2009. The amount of Gmarket revenue and earnings included in our consolidated income statement for 2009 was not material. The noncontrolling ownership

Sale of Skype:

Sale of Skype:
	12 Months Ended Dec. 31, 2009 USD / shares
Sale of Skype:	Note4 Sale of Skype: On November19, 2009, we sold all of the share capital of Skype Luxembourg Holdings S.a.r.l., Skype Inc. and Sonorit Holdings, A.S. (collectively with their respective subsidiaries, the Skype Companies) to Springboard Group S..r.l. (the Buyer), an entity organized and owned by an investor group led by Silver Lake and including Joltid Limited and certain of its affiliated parties, the Canada Pension Plan Investment Board and Andreessen Horowitz. We received cash proceeds of approximately $1.9 billion, a subordinated note issued by a subsidiary of the Buyer in the principal amount of $125.0 million and an equity stake of approximately 30 percent in the outstanding capital stock of the Buyer. We determined the fair value of our retained 30 percent equity interest to be approximately $620.0 million. Our investment is accounted for under the equity method of accounting, and our proportionate share of the income or loss of Skype will be recognized on a quarter lag as a component of interest and other income, net in our consolidated statement of income. Additional terms of our investment include the following: We purchased senior debt securities with a face value of $50.0 million as part of a Skype debt financing. We entered into certain ancillary agreements, including agreements relating to intellectual property cross-licenses, management services, transitional services and office space, and tax cooperation. Skype entered into a new commercial agreement with an affiliate of PayPal. The sale resulted in the removal of all Skype related assets and liabilities, which offset the proceeds noted above resulting in a net gain of $1.4billion recorded in interest and other income, net in our consolidated statement of income. Approximately $110.3 million of the gain is related to the remeasurement of our 30 percent retained interest to its fair value. Furthermore, $528.4 million of the gain is related to realized foreign currency translation reclassified from other comprehensive income. In conjunction with the sale of Skype, we reached a legal settlement of a lawsuit between Skype, Joltid and entities controlled by Joltids founders resulting in a $343.2 million charge to general and administrative expense. The liability reduced our basis in Skype. As a part of the settlement agreement the parties agreed, among other things, to transfer to the Skype Companies all software previously licensed from Joltid and to end all currently pending litigation by Joltid against eBay and the members of the investor group upon completion of the sale of Skype. As of December31, 2009, approximately $153.9 million was recorded in other assets for amounts due from Skype related to the subordinated note and the senior debt security noted above. Mr.MarcL. Andreessen, a member of the board of directors of eBay, is a general partner of Andreessen Horowitz, which owns less than 5% of the Buyer

Goodwill and Intangible Assets:

Goodwill and Intangible Assets:
	12 Months Ended Dec. 31, 2009 USD / shares
Goodwill and Intangible Assets:	Note5Goodwill and Intangible Assets: Goodwill Goodwill information for each reportable segment is as follows (in thousands): Marketplaces Payments Communications Total Goodwill at January1, 2009 $ 3,053,139 $ 2,163,057 $ 3,227,500 $ 8,443,696 Accumulated impairment losses (1,390,938 ) (1,390,938 ) 3,053,139 2,163,057 1,836,562 7,052,758 Goodwill acquired 797,946 797,946 Adjustments 162,821 (6,516 ) 124,991 281,296 Goodwill disposed (1,961,553 ) (1,961,553 ) 4,013,906 2,156,541 6,170,447 Accumulated impairment losses Goodwill at December31, 2009 $ 4,013,906 $ 2,156,541 $ $ 6,170,447 Investments accounted for under the equity method of accounting are classified on our balance sheet as long-term investments. Such investments include any related identifiable intangible assets, deferred tax liabilities and goodwill. Goodwill related to our equity method investments, included in the table above, was approximately $27.4million as of December31, 2008 and 2009. The changes in goodwill during the year ended December31, 2009 were primarily due to the sale of Skype, the recording of goodwill for the acquisition of Gmarket and foreign currency translation adjustments. We conducted our annual impairment test of goodwill as of August31, 2009 and determined that no adjustment to the carrying value of goodwill for any reportable units was necessary. As of December31, 2009, we determined that no events or circumstances from August31, 2009 through December31, 2009 indicate that a further assessment was necessary. We conducted our annual impairment test of goodwill as of August31, 2007 and concluded that the carrying amount of our Communications reporting unit exceeded its fair value and recorded an impairment charge of approximately $1.4billion during the year ended December31, 2007. The impairment charge was determined by comparing the carrying value of goodwill in our Communications reporting unit to the implied fair value of goodwill. Intangible Assets The components of identifiable intangible assets are as follows (in thousands): December31, 2008 December31, 2009 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life (years) (years) Intangible assets: Customer lists and user base $ 756,829 $ (415,238 ) $ 341,591 6 $ 819,653 $ (524,667 ) $ 294,986 6 Trademarks and trade names 638,930 (393,353 ) 245,577 5 634,387 (300,046 ) 334,341 5 Developed technologies 199,893 (111,973 ) 87,920 3 225,614 (152,982 ) 72,632 3

Segments:

Segments:
	12 Months Ended Dec. 31, 2009 USD / shares
Segments:	Note6 Segments: Operating segments are based upon our internal organization structure, the manner in which our operations are managed, the criteria used by our Chief Operating Decision Maker (CODM) to evaluate segment performance and the availability of separate financial information. We had three operating segments: Marketplaces, Payments and Communications. On November19, 2009, we sold a controlling interest in Skype. For the year ended December31, 2009, the financial performance of our Communications segment reflects Skype operations from January1, 2009 to November19, 2009. The following table summarizes the financial performance of our operating segments (in thousands): Year Ended December31, 2007 Marketplaces Payments Communications Consolidated Net transaction revenues $ 4,680,835 $ 1,838,539 $ 364,564 $ 6,883,938 Marketing services and other revenues 683,056 88,077 17,258 788,391 Net revenues from external customers 5,363,891 1,926,616 381,822 7,672,329 Direct costs 3,017,895 1,534,627 337,338 4,889,860 Direct contribution 2,345,996 391,989 44,484 2,782,469 Operating expenses and indirect costs of net revenues 2,169,289 Income from operations 613,180 Interest and other income, net 137,671 Income before income taxes $ 750,851 Year Ended December31, 2008 Marketplaces Payments Communications Consolidated Net transaction revenues $ 4,711,057 $ 2,320,495 $ 525,803 $ 7,557,355 Marketing services and other revenues 875,694 83,174 25,038 983,906 Net revenues from external customers 5,586,751 2,403,669 550,841 8,541,261 Direct costs 3,135,611 1,922,897 434,588 5,493,096 Direct contribution 2,451,140 480,772 116,253 3,048,165 Operating expenses and indirect costs of net revenues 972,483 Income from operations 2,075,682 Interest and other income, net 107,882 Income before income taxes $ 2,183,564 Year Ended December31, 2009 Marketplaces Payments Communications Consolidated Net transaction revenues $ 4,461,845 $ 2,641,194 $ 575,096 $ 7,678,135 Marketing services and other revenues 849,169 154,751 45,307 1,049,227 Net revenues from external customers 5,311,014 2,795,945 620,403 8,727,362 Direct costs 3,059,094 2,332,563 462,701 5,854,358 Direct contribution 2,251,920 463,382 157,702 2,873,004 Operating expenses and

Investments:

Investments:
	12 Months Ended Dec. 31, 2009 USD / shares
Investments:	Note7 Investments: At December31, 2008 and 2009, the fair value of short and long-term investments classified as available for sale are as follows (in thousands): December31, 2008 Gross Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Short-term investments: Restricted cash $ 21,258 $ $ $ 21,258 Corporate debt securities 5,000 (2 ) 4,998 Time deposits and other 4,129 4,129 Equity instruments 8,507 124,842 133,349 $ 38,894 $ 124,842 $ (2 ) $ 163,734 Long-term investments: Restricted cash $ 5,461 $ $ $ 5,461 Time deposits and other 52 52 $ 5,513 $ $ $ 5,513 December31, 2009 Gross Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Short-term investments: Restricted cash $ 29,123 $ $ $ 29,123 Corporate debt securities 73,256 10 (126 ) 73,140 Government and agency securities 109,808 18 (19 ) 109,807 Time deposits and other 310,418 310,418 Equity instruments 8,507 412,991 421,498 $ 531,112 $ 413,019 $ (145 ) $ 943,986 Long-term investments: Restricted cash $ 985 $ $ $ 985 Corporate debt securities 455,638 1,982 (437 ) 457,183 Government and agency securities 250,025 108 (773 ) 249,360 Time deposits and other 1,583 1,583 $ 708,231 $ 2,090 $ (1,210 ) $ 709,111 The following table summarizes the fair value and gross unrealized losses of our short-term and long-term investments, aggregated by type of investment instrument and length of time that individual securities have been in a continuous unrealized loss position, at December31, 2009 (in thousands): Less than 12 Months 12MonthsorGreater Total Fair Value Gross Unrealized Losses FairValue Gross Unrealized Losses Fair Value Gross Unrealized Losses Corporate debt securities $ 530,323 $ (563 ) $ $ $ 530,323 $ (563 ) Government and agency securities 359,167 (792 ) 359,167 (792 ) $ 889,490 $ (1,355 ) $ $ $ 889,490 $ (1,355 ) Our fixed-income investment portfolio consists of corporate debt securities, government securities and time deposits that have a maximum maturity of five years. The corporate debt and government securities that we invest in are generally deemed to be low risk, based on their credit rating from the major rating agencies. The longer the d

Fair Value Measurement of Asset

Fair Value Measurement of Assets and Liabilities
	12 Months Ended Dec. 31, 2009 USD / shares
Fair Value Measurement of Assets and Liabilities	Note8Fair Value Measurement of Assets and Liabilities The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of December31, 2008 (in thousands): Description Balance as of December31, 2008 QuotedPricesin Active Markets for Identical Assets(Level1) Significant Other ObservableInputs (Level 2) Assets: Cash and cash equivalents: Bank deposits and money market funds $ 3,188,928 $ 3,188,928 $ Total cash and cash equivalents 3,188,928 3,188,928 Short-term investments: Restricted cash 21,258 21,258 Equity instruments 133,349 133,349 Time deposits 4,129 4,129 Corporate debt securities 4,998 4,998 Total short-term investments 163,734 154,607 9,127 Derivatives 71,149 71,149 Long-term restricted cash 5,461 5,461 Long-term time deposits 52 52 Total financial assets $ 3,429,324 $ 3,348,996 $ 80,328 Liabilities: Derivatives $ 13,154 $ $ 13,154 The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of December31, 2009 (in thousands): Description Balance as of December31, 2009 QuotedPricesin Active Markets for Identical Assets (Level1) Significant Other Observable Inputs(Level2) Assets: Cash and cash equivalents: Bank deposits and money market funds $ 3,999,818 $ 3,999,818 $ Total cash and cash equivalents 3,999,818 3,999,818 Short-term investments: Restricted cash 29,123 29,123 Corporate debt securities 73,140 73,140 Government and agency securities 109,807 109,807 Time deposits 310,418 310,418 Equity instruments 421,498 421,498 Total short-term investments 943,986 450,621 493,365 Derivatives 362 362 Long-term assets: Restricted cash 985 985 Corporate debt securities 457,183 457,183 Government and agency securities 249,360 249,360 Time deposits and other 1,583 1,583 Total long-term assets 709,111 985 708,126 Total financial assets $ 5,653,277 $ 4,451,424 $ 1,201,853 Liabilities: Derivatives $ 5,710 $ $ 5,710 Our financial assets and liabilities are valued using market prices on both active markets (level1)and less active markets (level2). Level1 instrument valuations are obtained from real-time quotes for transactions in active exchange markets involving identical assets. Level2 instrument valuations are obtained from readily availa

Derivative Instruments:

Derivative Instruments:
	12 Months Ended Dec. 31, 2009 USD / shares
Derivative Instruments:	Note9 Derivative Instruments: Fair Value of Derivative Contracts: Derivative instruments are reported at fair value as follows (in thousands): DerivativeAssets ReportedinOther Current Assets DerivativeLiabilities Reported in Other Current Liabilities December31, 2009 December31, 2009 Foreign exchange contracts designated as cash flow hedges $ 27 $ 4,848 Foreign exchange contracts not designated as hedging instruments 335 862 Total fair value of derivative instruments $ 362 $ 5,710 Effect of Derivative Contracts on Accumulated Other Comprehensive Income (Loss): The following table represents the activity of derivative contracts which qualify for hedge accounting as of December31, 2008 and December31, 2009, and the impact of designated derivative contracts on accumulated other comprehensive income for year ended December31, 2009 (in thousands): December31, 2008 Gain(loss) recognizedinother comprehensive income Gain(loss) reclassified from accumulatedother comprehensive incometo income December31, 2009 Foreign exchange contracts designated as cash flow hedges $ 40,352 $ (60,603 ) $ 15,430 $ (4,821 ) Effect of Derivative Contracts on the Consolidated Statement of Income: The following table provides the location in our financial statements of the recognized gains or losses related to our derivative instruments (in thousands): Year Ended December31,2009 Foreign exchange contracts designated as cash flow hedges recognized in net revenues $ 15,430 Foreign exchanges contracts not designated as hedging instruments recognized in interest and other income, net (28,933 ) Total gain recognized from derivative contracts in the consolidated statement of income $ (13,503 )

Balance Sheet Components:

Balance Sheet Components:
	12 Months Ended Dec. 31, 2009 USD / shares
Balance Sheet Components:	Note10 Balance Sheet Components: December31, 2008 2009 (in thousands) Other current assets: Prepaid expenses $ 99,735 $ 102,711 Deferred tax assets, net 130,908 154,932 Prepaid income taxes 60,135 Derivatives 71,149 362 Other 98,771 70,101 $ 460,698 $ 328,106 December31, 2008 2009 (in thousands) Property and equipment, net: Computer equipment and software $ 1,876,370 $ 2,185,165 Land and buildings, including building improvements 430,495 431,456 Leasehold improvements 278,399 263,156 Furniture and fixtures 100,717 105,000 Construction in progress, aviation equipment and other 126,028 331,556 2,812,009 3,316,333 Accumulated depreciation (1,613,295 ) (2,002,005 ) $ 1,198,714 $ 1,314,328 Total depreciation expense on our property and equipment was $372.5million in 2007, $438.2million in 2008 and $473.4 million in 2009. December31, 2008 2009 (in thousands) Accrued expenses and other current liabilities: Acquisition related accrued expenses $ 23,056 $ 9,126 Compensation and related benefits 174,784 280,446 Restructuring 15,146 10,909 Advertising 116,705 118,801 Contractors and consultants 49,188 60,736 Professional fees 51,899 111,835 Transaction loss accrual 32,115 48,575 VAT accrual 75,723 111,765 Other current liabilities 246,158 229,591 $ 784,774 $ 981,784 Certain transactions that result in overdrafts of customer accounts are included in the provision for transaction and loan losses and are recorded as an offset to other current assets. As of December31, 2008 and December31, 2009, these balances were $58.3million and $49.1 million, respectively. December31, 2008 2009 (in thousands) Accumulated other comprehensive income: Foreign currency translation $ 788,164 $ 570,440 Unrealized gains on investments 124,874 413,754 Unrealized gains (losses) on cash flow hedges 40,352 (4,821 ) Estimated tax provision on above items (49,905 ) (161,269 ) $ 903,485 $ 818,104

Restructuring:

Restructuring:
	12 Months Ended Dec. 31, 2009 USD / shares
Restructuring:	Note11 Restructuring: 2009 Customer Service Consolidation In 2009, we began the consolidation of certain customer service facilities in North America and Europe to streamline our operations and deliver better and more efficient customer support to our users. As previously announced, the consolidation will potentially impact approximately 1,100 employees. In connection with this consolidation, we estimate that we will incur aggregate costs of $45.0 million to $55.0 million. During 2009, we incurred restructuring charges of $26.0 million in connection with this consolidation. We expect to complete this consolidation by mid-2010. 2008 Restructuring Plan In 2008, we implemented a strategic reduction of our existing global workforce by approximately 800employees worldwide to simplify and streamline our organization and strengthen the overall competitiveness of our existing businesses. During 2008 and 2009 we incurred $49.1 million and $12.2 million, respectively, in restructuring charges related to this plan. The restructuring activities in connection with this plan are substantially complete. A summary of the restructuring and other costs by segment recognized for the years ended December31, 2008 and 2009 are as follows (in thousands): Year Ended December31, 2008 Year Ended December31, 2009 Employee Severanceand Benefits Facilities Total Employee Severanceand Benefits Facilities Total Marketplaces $ 29,117 $ 4,165 $ 33,282 $ 30,123 $ 7,866 $ 37,989 Payments 15,837 15,837 188 10 198 $ 44,954 $ 4,165 $ 49,119 $ 30,311 $ 7,876 $ 38,187 The following table summarizes the restructuring activity for the year ended December31, 2009 (in thousands): Employee Severanceand Benefits Facilities Total Accrued liability as of January 1, 2009 $ 14,200 $ 946 $ 15,146 Charges 30,311 7,876 38,187 Payments (35,627 ) (2,423 ) (38,050 ) Non-cash items (3,696 ) (3,696 ) Adjustment (57 ) (621 ) (678 ) Accrued liability as of December 31, 2009 $ 8,827 $ 2,082 $ 10,909 In the table, above non-cash items pertain to the write-down of assets to their estimated fair value. Adjustments reflect the impact of foreign currency translation.

Borrowings:

Borrowings:
	12 Months Ended Dec. 31, 2009 USD / shares
Borrowings:	Note12 Borrowings: Credit Agreement We have entered into a credit agreement that provides for an unsecured $1.8billion revolving credit facility which matures on November7, 2012. Loans under the credit agreement will bear interest at LIBOR plus a margin ranging from 0.20percent to 0.50percent. Subject to certain conditions stated in the credit agreement, we may borrow, prepay and reborrow amounts under the credit agreement at any time during the term of the credit agreement. Funds borrowed under the credit agreement may be used for working capital, capital expenditures, acquisitions and other general corporate purposes. The credit agreement contains customary representations, warranties, affirmative and negative covenants, including a financial covenant and events of default. The negative covenants include restrictions regarding the incurrence of additional indebtedness and liens, and the entry into certain agreements that restrict the ability of our subsidiaries to provide credit support. The financial covenant requires us to meet a quarterly financial test with respect to a maximum consolidated leverage ratio. As of December31, 2009, there were no amounts outstanding under the credit agreement and we were in compliance with the financial covenants in the credit agreement. Shelf Registration Statement At December31, 2009, we had an effective shelf registration statement on file with the Securities and Exchange Commission that allows us to issue various types of debt securities, such as fixed or floating rate notes, U.S.dollar or foreign currency denominated notes, redeemable notes, global notes, and dual currency or other indexed notes. Issuances under the shelf registration will require the filing of a prospectus supplement identifying the amount and terms of the securities to be issued. The registration statement does not limit the amount of debt securities that may be issued thereunder. Our ability to issue debt securities is subject to market conditions and other factors impacting our borrowing capacity, including compliance with the covenants in our credit agreement.

Commitments and Contingencies:

Commitments and Contingencies:
	12 Months Ended Dec. 31, 2009 USD / shares
Commitments and Contingencies:	Note13 Commitments and Contingencies: Lease Arrangements We have lease obligations under certain non-cancelable operating leases. Future minimum rental payments under our non-cancelable operating leases, at December31, 2009, are as follows (in thousands): Year Ending December 31, Operating Leases 2010 $ 75,340 2011 43,073 2012 34,297 2013 13,211 2014 9,037 Thereafter 5,973 Total minimum lease payments $ 180,931 Rent expense in the years ended December31, 2007, 2008 and 2009 totaled $51.4million, $78.6million and $92.3 million respectively. There were no material capital leases at December31, 2007 and 2008. Litigation and Other Legal Matters In August 2006, Louis Vuitton Malletier and Christian Dior Couture filed two lawsuits in the Paris Court of Commerce against eBay Inc. and eBay International AG. Among other things, the complaint alleges that we violated French tort law by negligently broadcasting listings posted by third parties offering counterfeit items bearing plaintiffs trademarks, and by purchasing certain advertising keywords. Around September 2006, Parfums Christian Dior, Kenzo Parfums, Parfums Givenchy, and Guerlain Socit also filed a lawsuit in the Paris Court of Commerce against eBay Inc. and eBay International AG. The complaint alleged that we had interfered with the selective distribution network the plaintiffs established in France and the European Union by allowing third parties to post listings offering genuine perfumes and cosmetics for sale on our websites. In June 2008, the Paris Court of Commerce ruled that eBay and eBay International AG were liable for failing to prevent the sale of counterfeit items on its websites that traded on plaintiffs brand names and for interfering with the plaintiffs selective distribution network. The court awarded plaintiffs approximately EUR38.6million in damages and issued an injunction (enforceable by daily fines of up to EUR 100,000) prohibiting all sales of perfumes and cosmetics bearing the Dior, Guerlain, Givenchy and Kenzo brands over all worldwide eBay sites to the extent that they are accessible from France. A hearing took place in September 2009 regarding our compliance with the injunction and in November 2009, the court awarded the plaintiffs EUR1.7 million (the equivalent of EUR2,500 per day) and indicated that as a large Internet company we could do a better job of enforcing the injunction. We have taken measures to comply with the injunction and have appealed these rulings. However, these and similar suits may force us to modify our business practices, which could lower our revenue, increase our costs, or make our websites less convenient to our customers. Any such results could materially harm our business. Other luxury brand owners have also filed suit against us or have threatened to do so in numerous different jurisdictions, seeking to hold us liable for, among other things, alleged counterfeit items listed on our websites by third parties, for tester and other not for resale consumer products listed on our websites by third parties, for the alleged misuse of trademarks

Related Party Transactions:

Related Party Transactions:
	12 Months Ended Dec. 31, 2009 USD / shares
Related Party Transactions:	Note14 Related Party Transactions: We have entered into indemnification agreements with each of our directors, executive officers and certain other officers. These agreements require us to indemnify such individuals, to the fullest extent permitted by Delaware law, for certain liabilities to which they may become subject as a result of their affiliation with us. All contracts with related parties are at rates and terms that we believe are comparable with those that could be entered into with independent third parties. There were no material related party transactions in 2007 and 2008. On November19, 2009 we completed the sale of Skype to an investor group. We received approximately $1.9 billion in cash, a subordinated note issued by a subsidiary of the Buyer in the principal amount of $125.0 million and an equity stake of approximately 30 percent in the outstanding capital stock of the Buyer. Based on the terms of the agreement, Skype meets the definition of a related party. For details related to our related party transaction with Skype, please see Note 4 Sale of Skype. Other than our transaction with Skype as of December31, 2009, there were no significant amounts payable to or amounts receivable from related parties.

Preferred Stock:

Preferred Stock:
	12 Months Ended Dec. 31, 2009 USD / shares
Preferred Stock:	Note15 Preferred Stock: We are authorized, subject to limitations prescribed by Delaware law, to issue preferred stock in one or more series; to establish the number of shares included within each series; to fix the rights, preferences and privileges of the shares of each wholly unissued series and any related qualifications, limitations or restrictions; and to increase or decrease the number of shares of any series (but not below the number of shares of a series then outstanding) without any further vote or action by the stockholders. At December31, 2008 and 2009, there were 10.0million shares of $0.001par value preferred stock authorized for issuance, and no shares issued or outstanding.

Common Stock:

Common Stock:
	12 Months Ended Dec. 31, 2009 USD / shares
Common Stock:	Note16 Common Stock: Our Certificate of Incorporation, as amended, authorizes us to issue 3.6billion shares of common stock. A portion of the shares issued and outstanding were issued to our employees and are subject to repurchase or forfeiture over a four-year period from the earlier of the issuance date or employee hire date, as applicable. Treasury Stock In January 2008, our Board of Directors authorized a stock repurchase program for $2.0billion of our common stock, excluding broker commissions. During the year ended December31, 2009, we did not repurchase any shares of our common stock. As of December31, 2009, we have the ability to repurchase up to $656.5million under our stock repurchase program. Repurchased shares are recorded as treasury stock and are accounted for under the cost method. No repurchased shares have been retired or reissued. Our stock repurchase programs may be limited or terminated at any time without prior notice. Stock repurchases under these programs may be made through a variety of open market and privately negotiated transactions, including structured stock repurchase transactions or other derivative transactions, at times and in such amounts as management deems appropriate and will be funded from our working capital or other financing alternatives. The timing and actual number of shares repurchased will depend on a variety of factors including corporate and regulatory requirements, price, other market conditions and managements determination as to the appropriate use of our cash. The programs are intended to comply with the volume, timing and other limitations set forth in Rule10b-18 under the Securities Exchange Act of 1934. In addition to the above, we have withheld shares from employees to satisfy tax obligations in conjunction with share-based compensation plans.

Benefit Plans:

Benefit Plans:
	12 Months Ended Dec. 31, 2009 USD / shares
Benefit Plans:	Note17 Benefit Plans: Equity Incentive Plans We have equity incentive plans for directors, officers and employees that consist of stock options, restricted stock units, nonvested shares and performance based restricted stock units. At December31, 2009, 661.5million shares were authorized under our equity incentive plans and 89.7million shares were available for future grant. All stock options granted under these plans generally vest 25% one year from the date of grant (or 12.5% six months from the date of grant for grants to existing employees) and the remainder vest at a rate of 2.08%per month thereafter, and generally expire seven to 10years from the date of grant. The cost of stock options is determined using the Black-Scholes option pricing model on the date of grant. Restricted stock units and nonvested shares are granted to eligible employees under our equity incentive plans. In general, restricted stock units and nonvested shares cliff vest over one to five years, are subject to the employees continuing service to the company and do not have an expiration date. The cost of restricted stock units and nonvested shares is determined using the fair value of our common stock on the date of grant. In 2007, 2008 and 2009, certain executives were eligible for performance based restricted stock units. The number of restricted stock units ultimately received depends on our business performance against specified performance targets set by the Compensation Committee. If the performance criteria are satisfied, the performance based restricted stock units will be granted and one-half of the grant will vest in March following the end of the performance period and the remaining half will vest one year later. Stock Option Exchange Program On August10, 2009, the Company launched a one-time stock option exchange program (the Program) pursuant to which eligible employees were able to exchange certain outstanding stock options with an exercise price greater than or equal to $27.01 per share, a grant date on or before August10, 2008 and an expiration date after September11, 2010, for a lesser amount of new restricted stock units (RSUs) or, under certain circumstances, for new stock options or a cash payment. Our named executive officers and members of our Board of Directors were not eligible to participate in the Program. The Program expired on September11, 2009. As a result of the Program, options to purchase 42.6million shares of our common stock were accepted for exchange (representing approximately 75% of the total options eligible for exchange). All surrendered options were cancelled effective as of the expiration of the Program, and in exchange for those options, we issued a total of approximately 5.0million new RSUs. The number of new stock options granted, and the amount of cash payments issued, in exchange for outstanding stock options were insignificant. In general, the new RSUs have a vesting period that is at least one year longer than the original vesting period for the corresponding exchanged option grant. The Program did not result in any significant incremental stock-based compensation expense. Employee Stock Purcha

Income Taxes:

Income Taxes:
	12 Months Ended Dec. 31, 2009 USD / shares
Income Taxes:	Note18 Income Taxes: The components of pretax income in consolidated companies for the years ended December31, 2007, 2008 and 2009 are as follows (in thousands): Year Ended December31, 2007 2008 2009 United States $ 717,614 $ 327,927 $ 148,773 International 33,237 1,855,637 2,730,378 $ 750,851 $ 2,183,564 $ 2,879,151 The provision for income taxes is composed of the following (in thousands): Year Ended December31, 2007 2008 2009 Current: Federal $ 402,235 $ 414,301 $ 507,411 State and local 38,087 94,763 96,496 Foreign 85,649 101,662 64,960 525,971 610,726 668,867 Deferred: Federal (81,745 ) (148,094 ) (160,811 ) State and local (13,976 ) (21,109 ) (20,179 ) Foreign (27,650 ) (37,433 ) 2,177 (123,371 ) (206,636 ) (178,813 ) $ 402,600 $ 404,090 $ 490,054 The following is a reconciliation of the difference between the actual provision for income taxes and the provision computed by applying the federal statutory rate of 35% for 2007, 2008 and 2009 to income before income taxes (in thousands): Year Ended December31, 2007 2008 2009 Provision at statutory rate $ 262,798 $ 764,248 $ 1,007,703 Permanent differences: Foreign income taxed at different rates (404,007 ) (519,203 ) (475,967 ) Goodwill impairment 486,828 Gain on sale of Skype (498,360 ) Joltid settlement 120,339 Legal entity restructuring 184,410 Change in valuation allowance 34,983 48,614 58,670 Stock-based compensation 24,516 26,730 41,436 State taxes, net of federal benefit 15,672 54,356 49,606 Tax credits (7,766 ) (9,251 ) (13,352 ) Other (10,424 ) 38,596 15,569 $ 402,600 $ 404,090 $ 490,054 In November 2009, we completed a legal entity restructuring to align our corporate structure with our organizational objectives. The tax impact of this restructuring resulted in U.S. federal income taxes of $184.4million and state income taxes of $23.0 million, which are included in the 2009 tax expense. Deferred tax assets and liabilities are recognized for the future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax bases using enacted tax rates in effect for the year in which the differences are expected to reverse. Significant deferred tax assets and liabilities consist of the following (in thousands): December31, 2008 2009 Deferred tax assets: Net operating loss

Supplementary Data - Quarterly

Supplementary Data - Quarterly Financial Data-Unaudited
	12 Months Ended Dec. 31, 2009 USD / shares
Supplementary Data - Quarterly Financial Data-Unaudited	Supplementary Data Quarterly Financial Data-Unaudited The following tables present certain unaudited consolidated quarterly financial information for each of the eight quarters ended December31, 2009. This quarterly information has been prepared on the same basis as the Consolidated Financial Statements and includes all adjustments necessary to state fairly the information for the periods presented. Quarterly Financial Data (Unaudited, in thousands, except per share amounts) Quarter Ended March31 June30 September30 December31 2008 Net revenues $ 2,192,223 $ 2,195,661 $ 2,117,531 $ 2,035,846 Gross profit $ 1,666,811 $ 1,633,558 $ 1,556,568 $ 1,456,255 Net income $ 459,718 $ 460,345 $ 492,219 $ 367,192 Net income per share-basic $ 0.34 $ 0.35 $ 0.38 $ 0.29 Net income per share-diluted $ 0.34 $ 0.35 $ 0.38 $ 0.29 Weighted-average shares: Basic 1,333,791 1,312,007 1,288,937 1,279,536 Diluted 1,343,989 1,325,136 1,297,484 1,284,279 Quarter Ended March31 June30 September30 December31(1) 2009 Net revenues $ 2,020,586 $ 2,097,992 $ 2,237,852 $ 2,370,932 Gross profit $ 1,447,200 $ 1,506,219 $ 1,593,944 $ 1,700,237 Net income $ 357,113 $ 327,342 $ 349,736 $ 1,354,906 Net income per share-basic $ 0.28 $ 0.25 $ 0.27 $ 1.05 Net income per share-diluted $ 0.28 $ 0.25 $ 0.27 $ 1.02 Weighted-average shares: Basic 1,283,810 1,288,815 1,293,511 1,295,541 Diluted 1,287,814 1,300,434 1,311,274 1,322,686 (1) The Consolidated Statement of Income for the year ended December31, 2009 includes a $1.4 billion gain on the sale of Skype. See Note 4 Sale of Skype to the consolidated financial statements included in this report.

VALUATION AND QUALIFYING ACCOUN

VALUATION AND QUALIFYING ACCOUNTS
	12 Months Ended Dec. 31, 2009 USD / shares
VALUATION AND QUALIFYING ACCOUNTS	eBay Inc. FINANCIAL STATEMENT SCHEDULE The Financial Statement ScheduleII VALUATION AND QUALIFYING ACCOUNTS is filed as part of this Annual Report on Form10-K. Balance at Beginningof Period Charged/ Creditedto NetIncome Charged to Other Account Charges Utilized/ Write-offs Balanceat End of Period (in thousands) Allowances for Doubtful Accounts and Authorized Credits Year ended December31, 2007 $ 82,865 $ 96,461 $ $ (83,109 ) $ 96,217 Year ended December31, 2008 96,217 117,864 (109,195 ) 104,886 Year ended December31, 2009 $ 104,886 $ 83,364 $ $ (85,421 ) $ 102,829 Allowance for Transaction, Loan and Interest Losses Year ended December31, 2007 $ 87,955 $ 196,318 $ $ (195,995 ) $ 88,278 Year ended December31, 2008(1) 133,824 231,207 (226,559 ) 138,472 Year ended December31, 2009 $ 138,472 $ 300,128 $ $ (290,672 ) $ 147,928 Tax Valuation Allowance Year ended December31, 2007 $ 69,777 $ 34,983 $ 14,393 $ $ 119,153 Year ended December31, 2008 119,153 48,614 167,767 Year ended December31, 2009 $ 167,767 $ 58,670 $ (157,691 ) $ $ 68,746 (1) Included in the beginning balance is $45.5 million related to the Bill Me Later acquisition (acquired November 2008).

Document Information

Document Information
	12 Months Ended Dec. 31, 2009 USD / shares
Document Type	10-K
Amendment Flag	false
Document Period End Date	2009-12-31

Entity Information

Entity Information (USD $)
	12 Months Ended Dec. 31, 2009	Feb. 12, 2010	Jun. 30, 2009
Trading Symbol	EBAY
Entity Registrant Name	EBAY INC
Entity Central Index Key	0001065088
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		1,299,006,884
Entity Public Float			$19,223,999,242