EBay Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015
For the year, the company reported net revenues of $17,902 million against $16,047 million a year ago. Income from operations was $3,514 million against $3,371 million a year ago. Income before income taxes was $3,531 million against $3,466 million a year ago. Net loss was $41 million against net income of $2,856 million a year ago. Diluted loss per share was $0.03 against diluted earnings per share of $2.18 a year ago. Net cash provided by operating activities was $5,677 million against $4,995 million a year ago. Purchases of property and equipment were $1,271 million against $1,250 million a year ago. Non-GAAP net income was $3,729 million against $3,556 million a year ago. Non-GAAP diluted net income per share was $2.95 against $2.71 a year ago.
For the first quarter of 2015, the company expects net revenues in the range of $4,350 million - $4,450 million with GAAP earnings per diluted share in the range of $0.37 - $0.43 and non-GAAP earnings per diluted share in the range of $0.68 - $0.71.
For the full year 2015, the company expects net revenues in the range of $18,600 million - $19,100 million with GAAP earnings per diluted share in the range of $2.17 - $2.32 and non-GAAP earnings per diluted share in the range of $3.05 - $3.15. Capex expected to be in the range of 8% to 10%. Non-GAAP Effective tax rate expected to be in the range of 19% to 20%.