Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

eBay Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Net revenues	10,746)	9,567)	8,979)	8,592)	17,902)
Cost of net revenues	(2,382)	(2,222)	(2,007)	(1,771)	(5,732)
Gross profit	8,364)	7,345)	6,972)	6,821)	12,170)
Sales and marketing	(3,391)	(2,515)	(2,368)	(2,267)	(3,587)
Product development	(1,285)	(1,224)	(1,114)	(923)	(2,000)
General and administrative	(1,131)	(1,031)	(900)	(1,122)	(1,843)
Provision for transaction losses	(286)	(272)	(231)	(271)	(958)
Amortization of acquired intangible assets	(49)	(38)	(34)	(41)	(268)
Operating expenses	(6,142)	(5,080)	(4,647)	(4,624)	(8,656)
Income from operations	2,222)	2,265)	2,325)	2,197)	3,514)
Interest income	176)	177)	125)	97)	133)
Interest expense	(326)	(292)	(225)	(144)	(123)
Gains on investments and sale of business	663)	115)	1,343)	268)	—)
Other	(17)	11)	83)	(12)	7)
Interest and other, net	496)	11)	1,326)	209)	17)
Income from continuing operations before income taxes	2,718)	2,276)	3,651)	2,406)	3,531)
Income tax (provision) benefit	(190)	(3,288)	3,634)	(459)	(3,485)
Income (loss) from continuing operations	2,528)	(1,012)	7,285)	1,947)	46)
Income (loss) from discontinued operations, net of income taxes	2)	(4)	(19)	(222)	—)
Net income (loss)	2,530)	(1,016)	7,266)	1,725)	46)

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

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Income statement item	Description	The company
Net revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	eBay Inc. net revenues increased from 2016 to 2017 and from 2017 to 2018.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	eBay Inc. income from operations decreased from 2016 to 2017 and from 2017 to 2018.
Income from continuing operations before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	eBay Inc. income from continuing operations before income taxes decreased from 2016 to 2017 but then slightly increased from 2017 to 2018.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	eBay Inc. net income (loss) decreased from 2016 to 2017 but then slightly increased from 2017 to 2018.

eBay Inc. (NASDAQ:EBAY)

Income Statement