"We delivered a strong first quarter, with enabled commerce volume up 24 percent and revenue up 14 percent," said eBay Inc. President and CEO John Donahoe in a release statement. "We are committed to delivering sustainable shareholder value and focusing on what matters most to our investors. We are executing our growth plans, capitalizing on the synergies in our portfolio and aggressively executing our $5.0 billion share buyback program. Today, we also announced a non-cash tax charge to facilitate repatriation of $6.0 billion net in foreign earnings, increasing our available U.S. cash and enhancing our financial flexibility."