eBay Inc.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) of up to an additional $2.0 billion of our common stock, with no expiration from the date of authorization, for the purpose of offsetting the impact of dilution from our equity compensation programs.
The stock repurchase activity, under these stock repurchase programs during 2010 is summarized as follows (in thousands, except per share amounts):
## Table 0 ##
(1) The stock repurchase activity excludes broker commissions.
These repurchased shares are recorded as treasury stock and are accounted for under the cost method.
No repurchased shares have been retired or reissued.
From time to time, we enter into structured equity hedging transactions.
We typically enter into and settle these transactions within the same fiscal quarter.
The structured hedging transactions are accounted for as equity instruments.
According to the terms of these transactions, if the market price of our common stock exceeds a pre-determined price on the maturity date, we have the option to settle these transactions in cash or by repurchasing shares of our common stock.
If the market price of our common stock is below that pre-determined price on the maturity date, we are required to settle these transactions by repurchasing shares of our common stock.
The number of shares repurchased through the use of structured equity hedging transactions are included in the table above.
The structured equity hedging transactions that settled in cash during 2010 resulted in aggregate premiums of approximately $2.3 million, which were recorded as additional paid-in capital.
Our stock repurchase programs may be limited or terminated at any time without prior notice.
Stock repurchases under these programs may be made through a variety of open market and privately negotiated transactions, including structured stock repurchase transactions or other derivative transactions, at times and in such amounts as management deems appropriate and will be funded from our working capital or other financing alternatives.
The timing and actual number of shares repurchased will depend on a variety of factors including corporate and regulatory requirements, price, other market conditions and management’s determination as to the appropriate use of our cash.
The programs are intended to comply with the volume, timing and other limitations set forth in Rule 10b-18 under the Securities Exchange Act of 1934.
In addition to the above, we withhold shares from employees to satisfy minimum statutory tax obligations in conjunction with nonvested shares under our equity incentive plans, which are included in treasury stock.
Note 17 — Stock-Based and Employee Savings Plans: Equity Incentive Plans We have equity incentive plans under which we grant equity awards, including stock options, restricted stock units, nonvested shares and performance-based restricted stock units, to our directors, officers and employees.
At December 31, 2010, 626.4 million shares were authorized under our equity incentive plans and 77.0 million shares were available for future grant.
ITEM 6: SELECTED FINANCIAL DATA The following selected consolidated financial data should be read in conjunction with the consolidated financial statements and notes thereto and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this Annual Report on Form 10-K.
The consolidated statement of income data and the consolidated balance sheet data for the years ended, and as of, December 31, 2006, 2007, 2008, 2009 and 2010 are derived from our audited consolidated financial statements.
## Table 1 ##
As of December 31,
## Table 2 ##
(1) Includes the impact of acquisitions as well as the impact from the disposition of Skype on November 19, 2009, except to the extent that our retained equity stake of approximately 30% in Skype’s results of operations is included in interest and other income (expense), net in our Consolidated Statement of Income and long-term investments in our Consolidated Balance Sheet for periods and as of dates subsequent to the date of sale.
For a summary of recent significant acquisitions and the sale of Skype, please see “Note 3 — Business Combinations” and “Note 4 — Skype Related Transactions” to the consolidated financial statements included in this report.
(2) The Consolidated Statement of Income for the year ended December 31, 2007 includes a goodwill impairment charge of $1.4 billion.
(3) The Consolidated Statement of Income for the year ended December 31, 2009 includes a $343.2 million charge related to the settlement of a lawsuit between Skype, Joltid and entities controlled by Joltid’s founders and a $1.4 billion gain on the sale of Skype.
See “Note 4 — Skype Related Transactions” to the consolidated financial statements included in this report.
(4) Working capital is calculated as the difference between total current assets and total current liabilities.
transactions, including the alignment of our corporate structure with our organizational objectives, the operational and tax efficiency of our corporate structure, as well as the long-term cash flows and cash needs of our different businesses.
These transactions may impact our overall tax rate and/or result in additional cash tax payments.
The impact in any period may be significant.
These transactions may be complex and the impact of such transactions on future periods may be difficult to estimate.
Commitments and Contingencies We have certain fixed contractual obligations and commitments that include future estimated payments for general operating purposes.
Changes in our business needs, contractual cancellation provisions, fluctuating interest rates, and other factors may result in actual payments differing from the estimates.
We cannot provide certainty regarding the timing and amounts of these payments.
We have presented below a summary of the most significant assumptions used in our determination of amounts presented in the tables, in order to assist in the review of this information within the context of our consolidated financial position, results of operations, and cash flows.
The following table summarizes our fixed contractual obligations and commitments (in thousands):
## Table 3 ##
details related to our debt, please see “Note 12 — Debt” to the consolidated financial statements included in this report.
Operating lease amounts include minimum rental payments under our non-cancelable operating leases for office facilities, as well as limited computer and office equipment that we utilize under lease arrangements.
The amounts presented are consistent with contractual terms and are not expected to differ significantly from actual results under our existing leases, unless a substantial change in our headcount needs requires us to expand our occupied space or exit an office facility early.
Purchase obligation amounts include minimum purchase commitments for advertising, capital expenditures (computer equipment, software applications, engineering development services, construction contracts) and other goods and services that were entered into through our ordinary course of business.
As we are unable to reasonably predict the timing of settlement of liabilities related to unrecognized tax benefits, net, the table does not include $312.1 million of such non-current liabilities included in deferred and other tax liabilities recorded on our consolidated balance sheet as of December 31, 2010.
Off-Balance Sheet Arrangements As of December 31, 2010, we had no off-balance sheet arrangements that have, or are reasonably likely to have, a current or future material effect on our consolidated financial condition, results of operations, liquidity, capital expenditures or capital resources.
In Europe, we have two cash pooling arrangements with a financial institution for cash management purposes.
These arrangements allow for cash withdrawals from this financial institution based upon our aggregate operating cash balances held in Europe within the same financial institution (“Aggregate Cash Deposits”).
These arrangements also allow us to withdraw amounts exceeding the Aggregate
We calculated the fair value of each restricted stock award based on our stock price on the date of grant.
We calculated the fair value of each stock option award on the date of grant using the Black-Scholes option pricing model.
The determination of fair value of stock option awards on the date of grant using an option-pricing model is affected by our stock price as well as assumptions regarding a number of additional variables described below.
The use of a Black-Scholes model requires extensive actual employee exercise behavior data and a number of assumptions, including expected life, expected volatility, risk-free interest rate and dividend yield.
As a result, future stock-based compensation expense may differ from our historical amounts.
The weighted-average grantdate fair value of stock options granted during 2008, 2009 and 2010 was $7.46, $4.59, and $6.77 per share, respectively, using the Black-Scholes model with the following weighted-average assumptions:
## Table 4 ##
Our computation of expected volatility for 2008, 2009 and 2010 was based on a combination of historical and market-based implied volatility from traded options on our stock.
Our computation of expected life was determined based on historical experience of similar awards, giving consideration to the contractual terms of the stock-based awards, vesting schedules and expectations of future employee behavior.
The interest rate for periods within the contractual life of the award was based on the U. S.  Treasury yield curve in effect at the time of grant.
The estimation of awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from our current estimates, such amounts will be recorded as a cumulative adjustment in the period estimates are revised.
We consider many factors when estimating forfeitures, including employee class and historical experience.
Recent Accounting Pronouncements See “Note 1 — The Company and Summary of Significant Accounting Policies” to the consolidated financial statements included in this report, regarding the impact of certain recent accounting pronouncements on our consolidated financial statements.
ITEM 7A: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Foreign Currency Exposure An increasing proportion of our operations are conducted outside the U. S.  Our foreign currency exposure continues to grow as we grow internationally.
The objective of our foreign exchange exposure management program is to identify material foreign currency exposures and to manage these exposures to minimize the potential effects of currency fluctuations on our reported consolidated cash flow and results of operations.
In our view, our primary foreign currency exposures are transaction, economic and translation.
Transaction Exposure Around the world, we have various assets and liabilities, primarily receivables, investments and accounts payable (including inter-company transactions) that are denominated in currencies other than the relevant entity’s functional currency.
In certain circumstances, changes in the functional currency value of these assets and liabilities create fluctuations in our reported consolidated financial position, cash flows and results of operations.
We may enter into foreign exchange contracts or other instruments to minimize the short-term foreign currency fluctuations on such assets and liabilities.
The gains and losses on the foreign exchange contracts economically offset the transaction gains and losses on certain foreign currency receivables, investments and payables recognized in earnings.
Transaction gains and losses on these foreign exchange contracts are recognized each period in interest
MARATHON OIL CORPORATION Notes to Consolidated Financial Statements Assumed health care cost trend rates have a significant effect on the amounts reported for defined benefit retiree health care plans.
A one-percentage-point change in assumed health care cost trend rates would have the following effects:

<table><tr><td></td><td>Shares Repurchased</td><td>Average Price per Share-1</td><td>Value of Shares Repurchased</td><td>Remaining Amount Authorized</td></tr><tr><td>Balance at January 1, 2010</td><td>49,805</td><td>$26.98</td><td>$1,343,500</td><td>$656,500</td></tr><tr><td>Authorization of new plan in September 2010</td><td></td><td></td><td></td><td>2,000,000</td></tr><tr><td>Repurchase of common stock</td><td>26,793</td><td>26.60</td><td>712,793</td><td>-712,793</td></tr><tr><td>Balance at December 31, 2010</td><td>76,598</td><td>$26.85</td><td>$2,056,293</td><td>$1,943,707</td></tr></table>
<table><tr><td></td><td colspan="5">Year Ended December 31,</td></tr><tr><td></td><td>2006</td><td>2007 -2</td><td>2008</td><td>2009 -3</td><td>2010</td></tr><tr><td></td><td colspan="5">(In thousands, except per share amounts)</td></tr><tr><td>Consolidated Statement of Income Data -1:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net revenues</td><td>$5,969,741</td><td>$7,672,329</td><td>$8,541,261</td><td>$8,727,362</td><td>$9,156,274</td></tr><tr><td>Gross profit</td><td>4,712,949</td><td>5,909,357</td><td>6,313,192</td><td>6,247,600</td><td>6,591,607</td></tr><tr><td>Income from operations</td><td>1,422,956</td><td>613,180</td><td>2,075,682</td><td>1,456,766</td><td>2,053,571</td></tr><tr><td>Income before income taxes</td><td>1,547,057</td><td>750,851</td><td>2,183,564</td><td>2,879,151</td><td>2,098,447</td></tr><tr><td>Net income</td><td>1,125,639</td><td>348,251</td><td>1,779,474</td><td>2,389,097</td><td>1,800,961</td></tr><tr><td>Net income per share:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>$0.80</td><td>$0.26</td><td>$1.37</td><td>$1.85</td><td>$1.38</td></tr><tr><td>Diluted</td><td>$0.79</td><td>$0.25</td><td>$1.36</td><td>$1.83</td><td>$1.36</td></tr><tr><td>Weighted average shares:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>1,399,251</td><td>1,358,797</td><td>1,303,454</td><td>1,289,848</td><td>1,305,593</td></tr><tr><td>Diluted</td><td>1,425,472</td><td>1,376,174</td><td>1,312,608</td><td>1,304,981</td><td>1,327,417</td></tr></table>
<table><tr><td></td><td colspan="5">As of December 31,</td></tr><tr><td></td><td>2006</td><td>2007</td><td>2008</td><td>2009</td><td>2010</td></tr><tr><td></td><td colspan="5">(In thousands)</td></tr><tr><td>Consolidated Balance Sheet Data: -1</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td>$2,662,792</td><td>$4,221,191</td><td>$3,188,928</td><td>$3,999,818</td><td>$5,577,411</td></tr><tr><td>Short-term investments</td><td>554,841</td><td>676,264</td><td>163,734</td><td>943,986</td><td>1,045,403</td></tr><tr><td>Long-term investments</td><td>277,853</td><td>138,237</td><td>106,178</td><td>1,381,765</td><td>2,492,012</td></tr><tr><td>Working capital -4</td><td>2,452,191</td><td>4,022,926</td><td>2,581,503</td><td>4,818,240</td><td>6,548,824</td></tr><tr><td>Total assets</td><td>13,494,011</td><td>15,366,037</td><td>15,592,439</td><td>18,408,320</td><td>22,003,762</td></tr><tr><td>Short-term debt</td><td>—</td><td>200,000</td><td>1,000,000</td><td>—</td><td>300,000</td></tr><tr><td>Long-term debt</td><td>—</td><td>—</td><td>—</td><td>—</td><td>1,494,227</td></tr><tr><td>Total stockholders' equity</td><td>10,904,632</td><td>11,704,602</td><td>11,083,858</td><td>13,787,648</td><td>15,302,179</td></tr></table>
<table><tr><td>Payments Due During the Year Ending December 31,</td><td>Debt</td><td>Operating Leases</td><td>Purchase Obligations</td><td>Total</td></tr><tr><td>2011</td><td>$316,374</td><td>$117,795</td><td>$604,691</td><td>$1,038,860</td></tr><tr><td>2012</td><td>21,375</td><td>56,249</td><td>68,307</td><td>145,931</td></tr><tr><td>2013</td><td>429,500</td><td>26,472</td><td>10,800</td><td>466,772</td></tr><tr><td>2014</td><td>26,000</td><td>18,705</td><td>4,200</td><td>48,905</td></tr><tr><td>2015</td><td>626,000</td><td>13,977</td><td>4,200</td><td>644,177</td></tr><tr><td>Thereafter</td><td>581,250</td><td>16,004</td><td>—</td><td>597,254</td></tr><tr><td></td><td>$2,000,499</td><td>$249,202</td><td>$692,198</td><td>$2,941,899</td></tr></table>
<table><tr><td></td><td colspan="3">Year Ended December 31,</td></tr><tr><td></td><td>2008</td><td>2009</td><td>2010</td></tr><tr><td>Risk-free interest rate</td><td>2.3%</td><td>1.7%</td><td>1.4%</td></tr><tr><td>Expected life (in years)</td><td>3.8</td><td>3.8</td><td>3.4</td></tr><tr><td>Dividend yield</td><td>—%</td><td>—%</td><td>—%</td></tr><tr><td>Expected volatility</td><td>34%</td><td>47%</td><td>37%</td></tr></table>

Question: What's the growth rate of gross profit in 2010? (in %)
Answer: 0.05506