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10-Q Filing

MERCADOLIBRE INC CIK: 1099590 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001193125-14-192809
Period End Date 20140331
Filing Date 20140509
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance meli-20140331.xml
Filing Contents
Balance Sheet 87 line items
Line Item Tag Value Unit Period
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 110.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 110.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 44.15M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $131.14M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 44.15M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $140.29M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $101.49M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $122.17M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 44.15M shares Point-in-time
Short-term investments ShortTermInvestments $87.39M USD Point-in-time
Short-term investments ShortTermInvestments $76.59M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 44.15M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $30.33M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $25.88M USD Point-in-time
Credit cards receivables, net ReceivablesFromCustomers $52.05M USD Point-in-time
Credit cards receivables, net ReceivablesFromCustomers $54.32M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $4.55M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $3.84M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetCurrent $16.03M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetCurrent $20.81M USD Point-in-time
Other assets OtherAssetsCurrent $11.49M USD Point-in-time
Other assets OtherAssetsCurrent $8.66M USD Point-in-time
Total current assets AssetsCurrent $337.21M USD Point-in-time
Total current assets AssetsCurrent $326.16M USD Point-in-time
Long-term investments LongTermInvestments $45.00M USD Point-in-time
Long-term investments LongTermInvestments $45.72M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $129.46M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $131.37M USD Point-in-time
Goodwill Goodwill $2.67M USD Point-in-time
Goodwill Goodwill $60.37M USD Point-in-time
Goodwill Goodwill $51.96M USD Point-in-time
Goodwill Goodwill $55.10M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $6.39M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $6.59M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $3.01M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $2.91M USD Point-in-time
Other assets OtherAssetsNoncurrent $24.40M USD Point-in-time
Other assets OtherAssetsNoncurrent $24.92M USD Point-in-time
Total non-current assets AssetsNoncurrent $260.65M USD Point-in-time
Total non-current assets AssetsNoncurrent $266.20M USD Point-in-time
Total assets Assets $597.86M USD Point-in-time
Total assets Assets $592.36M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $36.58M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $34.41M USD Point-in-time
Funds payable to customers PayablesToCustomers $132.37M USD Point-in-time
Funds payable to customers PayablesToCustomers $129.04M USD Point-in-time
Salaries and social security payable EmployeeRelatedLiabilitiesCurrent $23.18M USD Point-in-time
Salaries and social security payable EmployeeRelatedLiabilitiesCurrent $26.09M USD Point-in-time
Taxes payable TaxesPayableCurrent $17.85M USD Point-in-time
Taxes payable TaxesPayableCurrent $16.79M USD Point-in-time
Loans payable and other financial liabilities LoansPayableCurrent $7.68M USD Point-in-time
Loans payable and other financial liabilities LoansPayableCurrent $13.37M USD Point-in-time
Dividends payable DividendsPayableCurrent $6.31M USD Point-in-time
Dividends payable DividendsPayableCurrent $7.33M USD Point-in-time
Total current liabilities LiabilitiesCurrent $226.84M USD Point-in-time
Total current liabilities LiabilitiesCurrent $224.17M USD Point-in-time
Salaries and social security payable EmployeeRelatedLiabilitiesNoncurrent $6.05M USD Point-in-time
Salaries and social security payable EmployeeRelatedLiabilitiesNoncurrent $9.19M USD Point-in-time
Loans payable and other financial liabilities LongTermLoansPayable $2.49M USD Point-in-time
Loans payable and other financial liabilities LongTermLoansPayable $1.81M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $5.51M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $5.34M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $3.78M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $3.70M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $20.71M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $17.15M USD Point-in-time
Total liabilities Liabilities $243.99M USD Point-in-time
Total liabilities Liabilities $244.88M USD Point-in-time
Commitments and contingencies (Note 7) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 7) CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $4.00M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $4.00M USD Point-in-time
Common stock, $0.001 par value, 110,000,000 shares authorized, 44,153,892 and 44,153,473 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively CommonStockValue $44.15K USD Point-in-time
Common stock, $0.001 par value, 110,000,000 shares authorized, 44,153,892 and 44,153,473 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively CommonStockValue $44.15K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $121.56M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $120.60M USD Point-in-time
Treasury stock TreasuryStockValue $1.01M USD Point-in-time
Retained earnings RetainedEarningsAccumulated $310.35M USD Point-in-time
Retained earnings RetainedEarningsAccumulated $333.40M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-87.46M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-104.18M USD Point-in-time
Total Equity StockholdersEquity $343.48M USD Point-in-time
Total Equity StockholdersEquity $349.87M USD Point-in-time
Total Liabilities, Redeemable Noncontrolling Interest and Equity LiabilitiesAndStockholdersEquity $597.86M USD Point-in-time
Total Liabilities, Redeemable Noncontrolling Interest and Equity LiabilitiesAndStockholdersEquity $592.36M USD Point-in-time
Income Statement 41 line items
Line Item Tag Value Unit Period
Net revenues SalesRevenueServicesNet $115.38M USD 1 Quarter
Net revenues SalesRevenueServicesNet $102.73M USD 1 Quarter
Cost of net revenues CostOfRevenue $28.65M USD 1 Quarter
Cost of net revenues CostOfRevenue $31.54M USD 1 Quarter
Gross profit GrossProfit $83.84M USD 1 Quarter
Gross profit GrossProfit $74.08M USD 1 Quarter
Product and technology development TechnologyServicesCosts $9.38M USD 1 Quarter
Product and technology development TechnologyServicesCosts $12.26M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $22.35M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $22.34M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $15.23M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $13.79M USD 1 Quarter
Total operating expenses OperatingExpenses $45.51M USD 1 Quarter
Total operating expenses OperatingExpenses $49.84M USD 1 Quarter
Income from operations OperatingIncomeLoss $34.00M USD 1 Quarter
Income from operations OperatingIncomeLoss $28.57M USD 1 Quarter
Interest income and other financial gains InvestmentIncomeInterest $3.39M USD 1 Quarter
Interest income and other financial gains InvestmentIncomeInterest $3.04M USD 1 Quarter
Interest expense and other financial losses InterestExpenseAndOtherFinancialCharges $1.03M USD 1 Quarter
Interest expense and other financial losses InterestExpenseAndOtherFinancialCharges $360.35K USD 1 Quarter
Foreign currency gains (losses) ForeignCurrencyTransactionGainLossBeforeTax $-6.25M USD 1 Quarter
Foreign currency gains (losses) ForeignCurrencyTransactionGainLossBeforeTax $3.09M USD 1 Quarter
Other losses, net OtherNonoperatingIncomeExpense $-3.73K USD 1 Quarter
Net income before income / asset tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $39.10M USD 1 Quarter
Net income before income / asset tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $25.35M USD 1 Quarter
Income / asset tax expense IncomeTaxExpenseBenefit $8.78M USD 1 Quarter
Income / asset tax expense IncomeTaxExpenseBenefit $7.83M USD 1 Quarter
Net income ProfitLoss $30.33M USD 1 Quarter
Net income ProfitLoss $17.52M USD 1 Quarter
Less: Net Income attributable to Redeemable Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest $42.34K USD 1 Quarter
Less: Net Income attributable to Redeemable Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest $63.98K USD 1 Quarter
Net income attributable to MercadoLibre, Inc. shareholders NetIncomeLossAvailableToCommonStockholdersBasic $17.48M USD 1 Quarter
Net income attributable to MercadoLibre, Inc. shareholders NetIncomeLossAvailableToCommonStockholdersBasic $30.26M USD 1 Quarter
Basic net income attributable to MercadoLibre, Inc. Shareholders per common share EarningsPerShareBasic $0.40 USD 1 Quarter
Basic net income attributable to MercadoLibre, Inc. Shareholders per common share EarningsPerShareBasic $0.69 USD 1 Quarter
Weighted average of outstanding common shares WeightedAverageNumberOfSharesOutstandingBasic 44.15M shares 1 Quarter
Weighted average of outstanding common shares WeightedAverageNumberOfSharesOutstandingBasic 44.15M shares 1 Quarter
Diluted net income attributable to MercadoLibre, Inc. Shareholders per common share EarningsPerShareDiluted $0.40 USD 1 Quarter
Diluted net income attributable to MercadoLibre, Inc. Shareholders per common share EarningsPerShareDiluted $0.69 USD 1 Quarter
Weighted average of outstanding common shares WeightedAverageNumberOfDilutedSharesOutstanding 44.15M shares 1 Quarter
Weighted average of outstanding common shares WeightedAverageNumberOfDilutedSharesOutstanding 44.15M shares 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net income attributable to MercadoLibre, Inc. Shareholders NetIncomeLossAvailableToCommonStockholdersBasic $17.48M USD 1 Quarter
Net income attributable to MercadoLibre, Inc. Shareholders NetIncomeLossAvailableToCommonStockholdersBasic $30.26M USD 1 Quarter
Net income attributable to Redeemable Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest $42.34K USD 1 Quarter
Net income attributable to Redeemable Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest $63.98K USD 1 Quarter
Net Devaluation (Gain) Loss in Venezuela and Argentina ForeignCurrencyTransactionLossBeforeTax $-2.66M USD 1 Quarter
Net Devaluation (Gain) Loss in Venezuela and Argentina ForeignCurrencyTransactionLossBeforeTax $6.42M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $2.62M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $3.52M USD 1 Quarter
Accrued interest AccruedInterestFromInvestments $2.02M USD 1 Quarter
Accrued interest AccruedInterestFromInvestments $2.53M USD 1 Quarter
LTRP accrued compensation ShareBasedCompensation $1.71M USD 1 Quarter
LTRP accrued compensation ShareBasedCompensation $765.77K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-4.68M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-140.24K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $9.41M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $994.00K USD 1 Quarter
Credit Card Receivables IncreaseDecreaseInFundsReceivableFromCustomers $5.73M USD 1 Quarter
Credit Card Receivables IncreaseDecreaseInFundsReceivableFromCustomers $9.87M USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $1.07M USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $961.91K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-924.59K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $4.60M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $2.24M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $11.75M USD 1 Quarter
Funds payable to customers IncreaseDecreaseInFundsPayableToCustomers $8.85M USD 1 Quarter
Funds payable to customers IncreaseDecreaseInFundsPayableToCustomers $7.37M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $318.25K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $2.30M USD 1 Quarter
Interest received from investments ProceedsFromOtherOperatingActivities $2.25M USD 1 Quarter
Interest received from investments ProceedsFromOtherOperatingActivities $3.49M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $30.09M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $27.63M USD 1 Quarter
Purchase of investments PaymentsToAcquireInvestments $386.76M USD 1 Quarter
Purchase of investments PaymentsToAcquireInvestments $136.52M USD 1 Quarter
Proceeds from sale and maturity of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $146.41M USD 1 Quarter
Proceeds from sale and maturity of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $379.72M USD 1 Quarter
Payment for acquired businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $3.22M USD 1 Quarter
Purchases of intangible assets PaymentsToAcquireIntangibleAssets $144.48K USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $6.97M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.86M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $3.81M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-14.15M USD 1 Quarter
Payments on loans payable and other financial liabilities RepaymentsOfLongTermDebt $582.16K USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $6.31M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $4.81M USD 1 Quarter
Stock options exercised ProceedsFromStockOptionsExercised $3.02K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-6.90M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-4.81M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-8.41M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-15.73M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $20.68M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-9.15M USD 1 Quarter
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $131.14M USD Point-in-time
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $140.29M USD Point-in-time
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $101.49M USD Point-in-time
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $122.17M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $131.14M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $140.29M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $101.49M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $122.17M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $30.33M USD 1 Quarter
Net income ProfitLoss $17.52M USD 1 Quarter
Currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-781.83K USD 1 Quarter
Currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-16.61M USD 1 Quarter
Unrealized net gains on available for sale investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $38.33K USD 1 Quarter
Unrealized net gains on available for sale investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $528.34K USD 1 Quarter
Less: reclassification adjustment for gains on available for sale investments included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $759.57K USD 1 Quarter
Less: reclassification adjustment for gains on available for sale investments included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $25.47K USD 1 Quarter
Net change in accumulated other comprehensive loss, net of income tax OtherComprehensiveIncomeLossNetOfTax $-1.01M USD 1 Quarter
Net change in accumulated other comprehensive loss, net of income tax OtherComprehensiveIncomeLossNetOfTax $-16.60M USD 1 Quarter
Total Comprehensive Income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $13.73M USD 1 Quarter
Total Comprehensive Income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $16.51M USD 1 Quarter
Less: Comprehensive (loss) income attributable to Redeemable Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $219.85K USD 1 Quarter
Less: Comprehensive (loss) income attributable to Redeemable Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $72.08K USD 1 Quarter
Comprehensive Income attributable to MercadoLibre, Inc. Shareholders ComprehensiveIncomeNetOfTax $16.29M USD 1 Quarter
Comprehensive Income attributable to MercadoLibre, Inc. Shareholders ComprehensiveIncomeNetOfTax $13.66M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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