Ebay (EBAY) FY2012 results: revenue $14.1 billion, up 20.8% on the year
Ebay Inc. (EBAY) reported revenue of $14.1 billion for fiscal 2012, the year ended 31 December 2012, up 20.8% on the year before. Net income was $2.6 billion, down 19.2%, and diluted earnings per share $1.99. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2013.
Revenue
$14.1 billion
+20.8% on the year
FY2008FY2012
Operating margin
20.5%
20.4% a year earlier
FY2008FY2012
Net income
$2.6 billion
-19.2% on the year
FY2008FY2012
Diluted EPS
$1.99
-19.1% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
14,072
11,652
9,156
+20.8%
Cost of revenue
4,216
3,460
2,565
+21.8%
Gross profit
9,856
8,191
6,592
+20.3%
Gross margin
70.0%
70.3%
72.0%
Research and development
1,573
1,235
908
+27.4%
Operating income
2,888
2,373
2,054
+21.7%
Operating margin
20.5%
20.4%
22.4%
Interest expense
63.0
25.0
n/a
+152.0%
Pre-tax income
3,084
3,910
2,098
-21.1%
Income tax
475
681
297
-30.2%
Effective tax rate
15.4%
17.4%
14.2%
Net income
2,609
3,229
1,801
-19.2%
Net margin
18.5%
27.7%
19.7%
Diluted EPS
$1.99
$2.46
$1.36
-19.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
3,838
3,274
2,746
+17.2%
Capital expenditure
1,257
963
724
+30.5%
Free cash flow
2,581
2,310
2,022
+11.7%
Free cash flow margin
18.3%
19.8%
22.1%
Cash from investing
-3,763
-3,307
-2,282
Cash from financing
1,951
-838
1,234
Depreciation and amortisation
767
603
508
+27.2%
Share-based compensation
488
457
381
+6.7%
Buybacks
898
1,064
711
-15.6%
Diluted shares, weighted
1,313m
1,313m
1,327m
+0.0%
Shares outstanding at period end
1,294m
1,286m
1,298m
+0.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
20,865
17,930
15,302
+16.4%
Debt
4,519
2,090
1,794
+116.3%
Other liabilities
11,690
7,301
4,907
+60.1%
Total liabilities and equity
37,074
27,320
22,004
+35.7%
Fixed assets
2,491
1,986
1,523
+25.4%
Goodwill
8,537
8,365
6,193
+2.1%
Intangible assets
1,128
1,406
541
-19.8%
Investments
5,635
3,691
3,537
+52.7%
Cash and equivalents
6,817
4,691
5,577
+45.3%
Receivables
822
682
454
+20.6%
Other assets
11,644
6,499
4,177
+79.2%
Total assets
37,074
27,320
22,004
+35.7%
10-K for the year ended 31 December 2012, filed 1 February 2013: the filing.