Discuss two key observations of PayPals income statement items.

C Get Homework Help VX Th Course: MRA 542 R3 x 3 X Case Report_Jan.2021 x HB Harvard Business Pub x PET-2007 X Google x | b - alt Bing X x + https://hbsp.harvard.edu/download?url=%2Fcourses%2F778716%2Fitems%2F721378 PDF ENG%2Fcontent&metadata=e30%3D Exhibit 1a PayPal Income Statements, 2014-2019 (U.S. $millions, except Basic Earnings per Share) ad 2014 2015 2016 2017 2018 2019 Total Revenue Cost of Goods Sold Gross Profit $8,025 3,807 $9,248 4,529 4,719 $10,842 5,701 5,141 $13,094 6,695 6,399 $15,451 8,262 7,189 $17,772 9.785 7,987 4,218 2,370 2,855 3,112 1,687 4 747 512 1,810 7 792 601 SG&A Stock-Based Compensation R & D Expense Depreciation & Amort. Other Operating Exp. (Income) Total Operating Expense 1,997 6 834 718 1,740 1,831 2,085 92 4,202 284 4,970 2,950 3,210 3,555 5,197 Operating Incomo 1,268 1,509 1,586 2,197 2,219 2,790 Interest Expense Interest and Investment Income Net Interest Expense (3) 59 56 (7) 85 78 (77) 168 91 (115) 197 82 Currency Exchange Gains (Loss) Other Non-Operating Inc. (Exp.) EBT* Excluding Unusual Items (2) (5) 1,261 17 (2) 1,524 76 (83) 1,635 (54) 49 2,270 38 98 2,446 24 16 2,912 (48) (40) (4) (25) (45) (78) 157 7 Restructuring Charges Gain (Loss) On Sale Of Invest. Gain (Loss) On Sale Of Assets Asset Writedown Other Unusual Items EBT* Including Unusual Items (30) 12 1,488 1,261 1,631 2,200 2,376 2,998 Income Tax Expense 842 260 230 405 319 539 Net Income $419 $1,228 $1,401 $1,795 $2,057 $2,459