Ebay (EBAY) FY2016 results: revenue $9.3 billion, up 8.2% on the year
Ebay Inc. (EBAY) reported revenue of $9.3 billion for fiscal 2016, the year ended 31 December 2016, up 8.2% on the year before. Net income was $7.3 billion, up 321.2%, and diluted earnings per share $6.35. The figures are the company's own, from the 10-K it filed with the SEC on 30 January 2019.
Revenue
$9.3 billion
+8.2% on the year
FY2009FY2016
Operating margin
25.0%
25.6% a year earlier
FY2009FY2016
Net income
$7.3 billion
+321.2% on the year
FY2009FY2016
Diluted EPS
$6.35
+347.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
9,298
8,592
8,790
+8.2%
Cost of revenue
2,007
1,771
1,663
+13.3%
Gross profit
7,294
6,821
7,127
+6.9%
Gross margin
78.4%
79.4%
81.1%
Research and development
1,114
923
983
+20.7%
Operating income
2,325
2,197
2,476
+5.8%
Operating margin
25.0%
25.6%
28.2%
Interest expense
225
144
109
+56.2%
Pre-tax income
3,651
2,406
2,515
+51.7%
Income tax
-3,634
459
3,380
Effective tax rate
-99.5%
19.1%
134.4%
Net income
7,266
1,725
46.0
+321.2%
Net margin
78.1%
20.1%
0.5%
Diluted EPS
$6.35
$1.42
$0.04
+347.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
2,826
4,033
5,677
-29.9%
Capital expenditure
626
668
622
-6.3%
Free cash flow
2,200
3,365
5,055
-34.6%
Free cash flow margin
23.7%
39.2%
57.5%
Cash from investing
-2,017
-3,611
-2,673
Cash from financing
-744
-4,554
-1,022
Depreciation and amortisation
605
614
559
-1.5%
Share-based compensation
416
379
344
+9.8%
Buybacks
2,943
2,149
4,658
+36.9%
Diluted shares, weighted
1,144m
1,220m
1,262m
-6.2%
Shares outstanding at period end
1,087m
1,184m
1,224m
-8.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
10,539
6,576
19,906
+60.3%
Debt
8,960
6,749
7,627
+32.8%
Other liabilities
4,348
4,460
17,599
-2.5%
Total liabilities and equity
23,847
17,785
45,132
+34.1%
Fixed assets
1,516
1,554
1,486
-2.4%
Goodwill
4,501
4,451
4,671
+1.1%
Intangible assets
102
90.0
133
+13.3%
Investments
9,302
7,690
9,466
+21.0%
Cash and equivalents
1,816
1,832
4,105
-0.9%
Receivables
592
619
600
-4.4%
Other assets
6,018
1,549
24,671
+288.5%
Total assets
23,847
17,785
45,132
+34.1%
10-K for the year ended 31 December 2016, filed 30 January 2019: the filing.