eBay Inc. (NASDAQ:EBAY) Files An 8-K Results of Operations and Financial ConditionItem 2.02.Results of Operations and Financial Condition
The information in this report is being furnished and shall not be deemed “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, or the Exchange Act, and is not to be incorporated by reference into any filing by eBay Inc., or the company, under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language contained in such filing, unless otherwise expressly stated in such filing.
On October18, 2017, the company announced its financial results for the quarter ended September30, 2017. A copy of the company's press release announcing its financial results and certain other information is attached as Exhibit99.1 to this report.
The attached press release includes the following financial measures defined as “non-GAAP financial measures” by the Securities and Exchange Commission, or the SEC: non-GAAP net income, non-GAAP earnings per diluted share, non-GAAP operating margin, non-GAAP effective tax rate, and free cash flow. These non-GAAP measures are presented on a continuing operations basis. These measures may be different from non-GAAP financial measures used by other companies. The presentation of this financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation of, or as a substitute for, the financial information prepared and presented in accordance with generally accepted accounting principles. See “Business Outlook,” “Non-GAAPMeasures of Financial Performance,” “Reconciliation of GAAP Operating Margin to Non-GAAPOperating Margin,” “Reconciliation of GAAP Net Income to Non-GAAPNet Income and GAAP Effective Tax Rate to Non-GAAPEffective Tax Rate,” and “Reconciliation of Operating Cash Flow to Free Cash Flow” included in the attached press release for further information regarding these non-GAAP financial measures, including a reconciliation of these measures to the nearest comparable GAAP measures and an explanation of why the company includes these non-GAAP measures.
The attached press release also contains forward-looking statements relating to, among other things, the company's future performance. A more thorough discussion of certain factors that may affect the company's actual results is included under the captions “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” in the company's most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company's investor relations web site at https://investors.ebayinc.com or the SEC's web site at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in the attached press release, which are based on information available to the company on the date hereof. The company assumes no obligation to update such statements.
Item 2.02.Financial Statements and Exhibits
(d)Exhibits.
The following exhibit is furnished with this report:
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99.1 |
Press release dated October18, 2017 |
INDEX TO EXHIBITS
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Exhibit Number |
Description |
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Press release dated October18, 2017 |
EBAY INC ExhibitEX-99.1 2 exhibit991erebayq32017.htm EXHIBIT 99.1 Exhibit Exhibit 99.1eBay Inc. Reports Third Quarter 2017 Results•Gross Merchandise Volume of $21.7 billion •Revenue of $2.4 billion•Both GAAP and Non-GAAP EPS per diluted share of $0.48 on a continuing operations basis•Repurchased $907 million of common stockSan Jose,…To view the full exhibit click here
About eBay Inc. (NASDAQ:EBAY)
eBay Inc. (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce. Its Marketplace platforms include its online marketplace located at www.ebay.com, localized counterparts and the eBay mobile applications. Its StubHub platforms include its online ticket platform located at www.stubhub.com and the StubHub mobile applications. Its StubHub platforms provide customers with a place to purchase tickets to the games, concerts and theater shows and also enable owners to sell the tickets. Its Classifieds platforms offer online classifieds with a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Classifieds and others.