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.