Ebay (EBAY) FY2015 results: revenue $8.6 billion, down 2.3% on the year
Ebay Inc. (EBAY) reported revenue of $8.6 billion for fiscal 2015, the year ended 31 December 2015, down 2.3% on the year before. Net income was $1.7 billion, up 3650.0%, and diluted earnings per share $1.42. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2016.
Revenue
$8.6 billion
-2.3% on the year
FY2008FY2015
Operating margin
25.6%
28.2% a year earlier
FY2008FY2015
Net income
$1.7 billion
+3,650.0% on the year
FY2008FY2015
Diluted EPS
$1.42
+3,450.0% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
8,592
8,790
8,257
-2.3%
Cost of revenue
1,771
1,663
1,492
+6.5%
Gross profit
6,821
7,127
6,765
-4.3%
Gross margin
79.4%
81.1%
81.9%
Research and development
923
983
915
-6.1%
Operating income
2,197
2,476
2,454
-11.3%
Operating margin
25.6%
28.2%
29.7%
Interest expense
144
109
95.0
+32.1%
Pre-tax income
2,406
2,515
2,571
-4.3%
Income tax
459
3,380
504
-86.4%
Effective tax rate
19.1%
134.4%
19.6%
Net income
1,725
46.0
2,856
+3,650.0%
Net margin
20.1%
0.5%
34.6%
Diluted EPS
$1.42
$0.04
$2.18
+3,450.0%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
4,033
5,677
4,995
-29.0%
Capital expenditure
668
622
678
+7.4%
Free cash flow
3,365
5,055
4,317
-33.4%
Free cash flow margin
39.2%
57.5%
52.3%
Cash from investing
-3,611
-2,673
-6,012
Cash from financing
-4,554
-1,022
-1,354
Depreciation and amortisation
614
559
495
+9.8%
Share-based compensation
379
344
298
+10.2%
Buybacks
2,149
4,658
1,343
-53.9%
Diluted shares, weighted
1,220m
1,262m
1,313m
-3.3%
Shares outstanding at period end
1,184m
1,224m
1,294m
-3.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
6,576
19,906
23,647
-67.0%
Debt
6,749
7,627
4,123
-11.5%
Other liabilities
4,460
17,599
13,718
-74.7%
Total liabilities and equity
17,785
45,132
41,488
-60.6%
Fixed assets
1,554
1,486
2,760
+4.6%
Goodwill
4,451
4,671
4,855
-4.7%
Intangible assets
90.0
133
941
-32.3%
Investments
7,690
9,466
9,502
-18.8%
Cash and equivalents
1,832
4,105
2,848
-55.4%
Receivables
619
600
899
+3.2%
Other assets
1,549
24,671
19,683
-93.7%
Total assets
17,785
45,132
41,488
-60.6%
10-K for the year ended 31 December 2015, filed 1 February 2016: the filing.