Ebay (EBAY) FY2017 results: revenue $9.9 billion, up 6.8% on the year
Ebay Inc. (EBAY) reported revenue of $9.9 billion for fiscal 2017, the year ended 31 December 2017, up 6.8% on the year before. Net income was -$1.0 billion, and diluted earnings per share $-0.95. The figures are the company's own, from the 10-K it filed with the SEC on 30 January 2019.
Revenue
$9.9 billion
+6.8% on the year
FY2010FY2017
Operating margin
22.8%
25.0% a year earlier
FY2010FY2017
Net income
-$1.0 billion
FY2010FY2017
Diluted EPS
-$0.95
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
9,927
9,298
8,592
+6.8%
Cost of revenue
2,222
2,007
1,771
+10.7%
Gross profit
7,706
7,294
6,821
+5.6%
Gross margin
77.6%
78.4%
79.4%
Research and development
1,224
1,114
923
+9.9%
Operating income
2,265
2,325
2,197
-2.6%
Operating margin
22.8%
25.0%
25.6%
Interest expense
292
225
144
+29.8%
Pre-tax income
2,276
3,651
2,406
-37.7%
Income tax
3,288
-3,634
459
Effective tax rate
144.5%
-99.5%
19.1%
Net income
-1,016
7,266
1,725
Net margin
-10.2%
78.1%
20.1%
Diluted EPS
-$0.95
$6.35
$1.42
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
3,146
2,826
4,033
+11.3%
Capital expenditure
666
626
668
+6.4%
Free cash flow
2,480
2,200
3,365
+12.7%
Free cash flow margin
25.0%
23.7%
39.2%
Cash from investing
-1,296
-2,017
-3,611
Cash from financing
-1,784
-744
-4,554
Depreciation and amortisation
612
605
614
+1.2%
Share-based compensation
483
416
379
+16.1%
Buybacks
2,746
2,943
2,149
-6.7%
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
1,064m
1,144m
1,220m
-7.0%
Shares outstanding at period end
1,029m
1,087m
1,184m
-5.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
8,063
10,539
6,576
-23.5%
Debt
10,015
8,960
6,749
+11.8%
Other liabilities
7,903
4,348
4,460
+81.8%
Total liabilities and equity
25,981
23,847
17,785
+8.9%
Fixed assets
1,597
1,516
1,554
+5.3%
Goodwill
4,773
4,501
4,451
+6.0%
Intangible assets
69.0
102
90.0
-32.4%
Investments
10,074
9,302
7,690
+8.3%
Cash and equivalents
2,120
1,816
1,832
+16.7%
Receivables
695
592
619
+17.4%
Other assets
6,653
6,018
1,549
+10.6%
Total assets
25,981
23,847
17,785
+8.9%
10-K for the year ended 31 December 2017, filed 30 January 2019: the filing.