Ebay (EBAY) FY2014 results: revenue $8.8 billion, up 6.5% on the year
Ebay Inc. (EBAY) reported revenue of $8.8 billion for fiscal 2014, the year ended 31 December 2014, up 6.5% on the year before. Net income was $46 million, down 98.4%, and diluted earnings per share $0.04. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2015.
Revenue
$8.8 billion
+6.5% on the year
FY2008FY2014
Operating margin
28.2%
29.7% a year earlier
FY2008FY2014
Net income
$46 million
-98.4% on the year
FY2008FY2014
Diluted EPS
$0.04
-98.2% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
8,790
8,257
14,072
+6.5%
Cost of revenue
1,663
1,492
4,216
+11.5%
Gross profit
7,127
6,765
9,856
+5.4%
Gross margin
81.1%
81.9%
70.0%
Research and development
983
915
1,573
+7.4%
Operating income
2,476
2,454
2,888
+0.9%
Operating margin
28.2%
29.7%
20.5%
Interest expense
109
95.0
63.0
+14.7%
Pre-tax income
2,515
2,571
3,084
-2.2%
Income tax
3,380
504
475
+570.6%
Effective tax rate
134.4%
19.6%
15.4%
Net income
46.0
2,856
2,609
-98.4%
Net margin
0.5%
34.6%
18.5%
Diluted EPS
$0.04
$2.18
$1.99
-98.2%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
5,677
4,995
3,838
+13.7%
Capital expenditure
622
678
1,257
-8.3%
Free cash flow
5,055
4,317
2,581
+17.1%
Free cash flow margin
57.5%
52.3%
18.3%
Cash from investing
-2,673
-6,012
-3,763
Cash from financing
-1,022
-1,354
1,951
Depreciation and amortisation
559
495
767
+12.9%
Share-based compensation
344
298
488
+15.4%
Buybacks
4,658
1,343
898
+246.8%
Diluted shares, weighted
1,262m
1,313m
1,313m
-3.9%
Shares outstanding at period end
1,224m
1,294m
1,294m
-5.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
19,906
23,647
20,865
-15.8%
Debt
7,627
4,123
4,519
+85.0%
Other liabilities
17,599
13,718
11,690
+28.3%
Total liabilities and equity
45,132
41,488
37,074
+8.8%
Fixed assets
1,486
2,760
2,491
-46.2%
Goodwill
4,671
4,855
8,537
-3.8%
Intangible assets
133
941
1,128
-85.9%
Investments
9,466
9,502
5,635
-0.4%
Cash and equivalents
4,105
2,848
6,817
+44.1%
Receivables
600
899
822
-33.3%
Other assets
24,671
19,683
11,644
+25.3%
Total assets
45,132
41,488
37,074
+8.8%
10-K for the year ended 31 December 2014, filed 6 February 2015: the filing.