eBay Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net revenues of $4,530 million against $3,992 million a year ago. Income from operations was $1,022 million against $874 million a year ago. Income before income taxes was $1,028 million against $877 million a year ago. Net income was $850 million against $751 million a year ago. Diluted earnings per share was $0.65 against $0.57 a year ago. Net cash provided by operating activities was $1,713 million against $1,386 million a year ago. Purchases of property and equipment, net was $281 million against $296 million a year ago. Non-GAAP operating income was $1,322 million against $1,136 million a year ago. Non-GAAP net income was $1,067 million against $927 million a year ago. Non-GAAP diluted net income per share was $0.81 against $0.70 a year ago. The company is reporting higher earnings and revenue for the last three months of 2013, driven by a strong holiday season for its e-commerce site and PayPal. Adjusted earnings were 81 cents per share.

For the year, the company reported net revenues of $16,047 million against $14,072 million a year ago. Income from operations was $3,371 million against $2,888 million a year ago. Income before income taxes was $3,466 million against $3,084 million a year ago. Net income was $2,856 million against $2,609 million a year ago. Diluted earnings per share was $2.18 against $1.99 a year ago. Net cash provided by operating activities was $4,995 million against $3,838 million a year ago. Purchases of property and equipment, net was $1,250 million against $1,257 million a year ago. Non-GAAP operating income was $4,407 million against $3,841 million a year ago. Non-GAAP net income was $3,556, million against $3,100 million a year ago. Non-GAAP diluted net income per share was $2.71 against $2.36 a year ago.

For the first quarter ending March 31, 2014, the company expects net revenues in the range of $4,150 million - $4,250 million or diluted EPS of $0.51 - $0.53 and non-GAAP diluted EPS in the range of $0.65 - $0.67.

For the full year ending December 31, 2014, the company expects net revenues in the range of $18,000 million - $18,500 million or diluted EPS of $2.40 - $2.45 and non-GAAP diluted EPS in the range of $2.95 - $3.00. For the full year 2014, the company expects free cash flow to be $3.7 billion to $4 billion, the non-GAAP effective tax rate to be 18.5% to 19.5% and CapEx to be 7% to 9% of revenue.

For the full year 2015, the company expects revenues of $20.5 billion to $21.5 billion, representing growth of 14% to 16%, non-GAAP EPS year-over-year growth of greater than 10% and free cash flow will be more than $11 billion from 2013 to 2015.