EBay Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2016
January 28, 2016 at 02:31 am IST
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eBay Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net revenues were $2,322 million against $2,323 million a year ago. Income from operations was $662 million against $731 million a year ago. Income from continuing operations before income taxes was $650 million against $738 million a year ago. Income from continuing operations was $523 million or $0.43 per diluted share against $729 million or $0.59 per diluted share a year ago. Net income was $477 million or $0.39 per diluted share against $1,023 million or $0.82 per diluted share a year ago. Net cash provided by operating activities was $1,040 million against $1,641 million a year ago. Purchases of property and equipment were $129 million against $200 million a year ago. A purchase of investments was $2,292 million against $944 million a year ago. Non-GAAP operating income was $799 million against $852 million a year ago. Non-GAAP operating income from continuing operations was $137 million against $121 million a year ago. Non-GAAP net income from continuing operations was $600 million or $0.50 per diluted share against $685 million or $0.55 per diluted share a year ago.
For the year, the company reported net revenues were $8,592 million against $8,790 million a year ago. Income from operations was $2,197 million against $2,476 million a year ago. Income from continuing operations before income taxes was $2,406 million against $2,515 million a year ago. Income from continuing operations was $1,947 million or $1.60 per diluted share against loss of $865 million or $0.69 per diluted share a year ago. Net income was $1,725 million or $1.42 per diluted share against $46 million or $0.04 per diluted share a year ago. Net cash provided by operating activities was $4,033 million against $5,677 million a year ago. Purchases of property and equipment were $668 million against $622 million a year ago. Purchases of investments were $6,744 million against $8,752 million a year ago. Non-GAAP operating income was $2,881 million against $2,965 million a year ago. Non-GAAP operating income from continuing operations was $684 million against $489 million a year ago. Non-GAAP net income from continuing operations was $2,232 million or $1.83 per diluted share against $2,386 million or $1.89 per diluted share a year ago.
For the first quarter of 2016, the company expects net revenue between $2.05 billion and $2.10 billion, representing FX-Neutral growth of 3% - 5%, with non-GAAP earnings per diluted share from continuing operations in the range of $0.43 - $0.45 and GAAP earnings per diluted share from continuing operations in the range of $0.37 - $0.39.
Full year 2016, the company expects net revenue between $8.5 billion and $8.8 billion, representing FX-Neutral growth of 2% - 5%, with non-GAAP earnings per diluted share from continuing operations in the range of $1.82 - $1.87 and GAAP earnings per diluted share from continuing operations in the range of $1.55 - $1.60. The company expects non-GAAP effective tax rate of 19.5% to 20.5%, CapEx of 7% to 9% of revenue and free cash flow of $2.2 billion to $2.4 billion.
eBay Inc. is the leading online marketplace. The group operates a computer platform that allows individuals and professionals to conduct their purchasing and selling transactions for goods and services. The activity is ensured through many Internet sites (ebay.com available in several languages, half.com, rent.com, shopping.com, kijiji.com, mobile.de and marktplaats.nl).
Net sales are distributed geographically as follows: the United States (49.4%), the United Kingdom (16.1%), Germany (10.5%) and other (24%).
EBay Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2016