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10-Q Filing

MERCADOLIBRE INC CIK: 1099590 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001562762-17-000054
Period End Date 20170331
Filing Date 20170505
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance meli-20170331.xml
Filing Contents
Balance Sheet 85 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $144.88M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $234.14M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $301.39M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $166.88M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 44.16M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 44.16M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 44.16M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 44.16M shares Point-in-time
Short-term investments ShortTermInvestments $253.32M USD Point-in-time
Short-term investments ShortTermInvestments $265.17M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $25.43M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $24.10M USD Point-in-time
Credit cards receivable, net ReceivablesFromCustomers $300.61M USD Point-in-time
Credit cards receivable, net ReceivablesFromCustomers $307.90M USD Point-in-time
Loans receivable, net NotesAndLoansReceivableNetCurrent $11.38M USD Point-in-time
Loans receivable, net NotesAndLoansReceivableNetCurrent $6.28M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $14.85M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $15.06M USD Point-in-time
Inventory InventoryNet $432.00K USD Point-in-time
Inventory InventoryNet $1.10M USD Point-in-time
Other assets OtherAssetsCurrent $26.21M USD Point-in-time
Other assets OtherAssetsCurrent $28.47M USD Point-in-time
Total current assets AssetsCurrent $946.39M USD Point-in-time
Total current assets AssetsCurrent $869.46M USD Point-in-time
Long-term investments LongTermInvestments $170.35M USD Point-in-time
Long-term investments LongTermInvestments $153.80M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $124.26M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $131.97M USD Point-in-time
Goodwill Goodwill $91.80M USD Point-in-time
Goodwill Goodwill $86.55M USD Point-in-time
Goodwill Goodwill $95.85M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $26.28M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $26.23M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $51.44M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $45.02M USD Point-in-time
Other assets OtherAssetsNoncurrent $56.82M USD Point-in-time
Other assets OtherAssetsNoncurrent $61.42M USD Point-in-time
Total non-current assets AssetsNoncurrent $537.25M USD Point-in-time
Total non-current assets AssetsNoncurrent $497.97M USD Point-in-time
Total assets Assets $1.37B USD Point-in-time
Total assets Assets $1.48B USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $108.51M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $105.11M USD Point-in-time
Funds payable to customers PayablesToCustomers $370.69M USD Point-in-time
Funds payable to customers PayablesToCustomers $396.49M USD Point-in-time
Salaries and social security payable EmployeeRelatedLiabilitiesCurrent $48.90M USD Point-in-time
Salaries and social security payable EmployeeRelatedLiabilitiesCurrent $73.34M USD Point-in-time
Taxes payable TaxesPayableCurrent $27.34M USD Point-in-time
Taxes payable TaxesPayableCurrent $30.67M USD Point-in-time
Loans payable and other financial liabilities LoansPayableCurrent $11.58M USD Point-in-time
Loans payable and other financial liabilities LoansPayableCurrent $16.43M USD Point-in-time
Other liabilities OtherLiabilitiesCurrent $6.36M USD Point-in-time
Other liabilities OtherLiabilitiesCurrent $5.61M USD Point-in-time
Dividends payable DividendsPayableCurrent $6.62M USD Point-in-time
Dividends payable DividendsPayableCurrent $6.62M USD Point-in-time
Total current liabilities LiabilitiesCurrent $637.66M USD Point-in-time
Total current liabilities LiabilitiesCurrent $576.60M USD Point-in-time
Salaries and social security payable EmployeeRelatedLiabilitiesNoncurrent $16.17M USD Point-in-time
Salaries and social security payable EmployeeRelatedLiabilitiesNoncurrent $12.50M USD Point-in-time
Loans payable and other financial liabilities LongTermLoansPayable $301.94M USD Point-in-time
Loans payable and other financial liabilities LongTermLoansPayable $304.53M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $34.06M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $36.83M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $9.81M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $9.88M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $361.98M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $363.74M USD Point-in-time
Total liabilities Liabilities $938.58M USD Point-in-time
Total liabilities Liabilities $1.00B USD Point-in-time
Common stock, $0.001 par value, 110,000,000 shares authorized, 44,157,364 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively CommonStockValue $44.00K USD Point-in-time
Common stock, $0.001 par value, 110,000,000 shares authorized, 44,157,364 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively CommonStockValue $44.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $137.98M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $137.98M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $592.53M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $550.64M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-248.32M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-259.81M USD Point-in-time
Total Equity StockholdersEquity $428.85M USD Point-in-time
Total Equity StockholdersEquity $482.24M USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $1.48B USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $1.37B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Net revenues SalesRevenueServicesNet $273.93M USD 1 Quarter
Net revenues SalesRevenueServicesNet $157.63M USD 1 Quarter
Cost of net revenues CostOfRevenue $105.07M USD 1 Quarter
Cost of net revenues CostOfRevenue $55.45M USD 1 Quarter
Gross profit GrossProfit $102.18M USD 1 Quarter
Gross profit GrossProfit $168.86M USD 1 Quarter
Product and technology development TechnologyServicesCosts $30.30M USD 1 Quarter
Product and technology development TechnologyServicesCosts $21.94M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $32.68M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $46.93M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $28.31M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $17.07M USD 1 Quarter
Total operating expenses OperatingExpenses $105.54M USD 1 Quarter
Total operating expenses OperatingExpenses $71.69M USD 1 Quarter
Income from operations OperatingIncomeLoss $30.49M USD 1 Quarter
Income from operations OperatingIncomeLoss $63.31M USD 1 Quarter
Interest income and other financial gains InvestmentIncomeInterest $12.16M USD 1 Quarter
Interest income and other financial gains InvestmentIncomeInterest $7.25M USD 1 Quarter
Interest expense and other financial losses InterestExpenseAndOtherFinancialCharges $5.68M USD 1 Quarter
Interest expense and other financial losses InterestExpenseAndOtherFinancialCharges $6.47M USD 1 Quarter
Foreign currency gains ForeignCurrencyTransactionGainLossBeforeTax $5.15M USD 1 Quarter
Foreign currency gains ForeignCurrencyTransactionGainLossBeforeTax $663.00K USD 1 Quarter
Net income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $37.20M USD 1 Quarter
Net income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $69.66M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $6.96M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $21.14M USD 1 Quarter
Net income ProfitLoss $30.25M USD 1 Quarter
Net income ProfitLoss $48.52M USD 1 Quarter
Available to shareholders per common share EarningsPerShareBasic $1.10 USD 1 Quarter
Available to shareholders per common share EarningsPerShareBasic $0.68 USD 1 Quarter
Weighted average of outstanding common shares WeightedAverageNumberOfSharesOutstandingBasic 44.16M shares 1 Quarter
Weighted average of outstanding common shares WeightedAverageNumberOfSharesOutstandingBasic 44.16M shares 1 Quarter
Available to shareholders per common share EarningsPerShareDiluted $1.10 USD 1 Quarter
Available to shareholders per common share EarningsPerShareDiluted $0.68 USD 1 Quarter
Weighted average of outstanding common shares WeightedAverageNumberOfDilutedSharesOutstanding 44.16M shares 1 Quarter
Weighted average of outstanding common shares WeightedAverageNumberOfDilutedSharesOutstanding 44.16M shares 1 Quarter
Cash Dividends declared (per share) CommonStockDividendsPerShareDeclared $0.15 USD 1 Quarter
Cash Dividends declared (per share) CommonStockDividendsPerShareDeclared $0.15 USD 1 Quarter
Cash Flow Statement 65 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $30.25M USD 1 Quarter
Net income ProfitLoss $48.52M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $9.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $6.25M USD 1 Quarter
Accrued interest AccruedInterestFromInvestments $5.68M USD 1 Quarter
Accrued interest AccruedInterestFromInvestments $3.88M USD 1 Quarter
Non cash interest and convertible bonds amortization of debt discount and amortization of debt issuance costs ConvertibleBondsAccruedInterestAndAmortizationOfDebtDiscount $4.43M USD 1 Quarter
Non cash interest and convertible bonds amortization of debt discount and amortization of debt issuance costs ConvertibleBondsAccruedInterestAndAmortizationOfDebtDiscount $4.23M USD 1 Quarter
LTRP accrued compensation ShareBasedCompensation $9.18M USD 1 Quarter
LTRP accrued compensation ShareBasedCompensation $3.19M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-2.80M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-1.90M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $1.30M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $22.92M USD 1 Quarter
Credit Cards Receivables IncreaseDecreaseInFundsReceivableFromCustomers $62.54M USD 1 Quarter
Credit Cards Receivables IncreaseDecreaseInFundsReceivableFromCustomers $-15.58M USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-347.00K USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $1.39M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-727.00K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $158.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $6.74M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $4.47M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $14.38M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $13.36M USD 1 Quarter
Funds payable to customers IncreaseDecreaseInFundsPayableToCustomers $13.93M USD 1 Quarter
Funds payable to customers IncreaseDecreaseInFundsPayableToCustomers $23.68M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $123.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $1.15M USD 1 Quarter
Interest received from investments InterestReceivedFromInvestments $4.39M USD 1 Quarter
Interest received from investments InterestReceivedFromInvestments $4.01M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $104.76M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-11.80M USD 1 Quarter
Purchase of investments PaymentsToAcquireInvestments $641.26M USD 1 Quarter
Purchase of investments PaymentsToAcquireInvestments $897.59M USD 1 Quarter
Proceeds from sale and maturity of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $876.04M USD 1 Quarter
Proceeds from sale and maturity of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $659.31M USD 1 Quarter
Payment for acquired businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $1.84M USD 1 Quarter
Purchases of intangible assets PaymentsToAcquireIntangibleAssets $17.00K USD 1 Quarter
Purchases of intangible assets PaymentsToAcquireIntangibleAssets $11.00K USD 1 Quarter
Advance for property and equipment IncreaseDecreaseInAdvancedForFixedAssets $872.00K USD 1 Quarter
Advance for property and equipment IncreaseDecreaseInAdvancedForFixedAssets $2.50M USD 1 Quarter
Changes in principal of loans receivable, net IncreaseDecreaseInPrincipalLoansReceivableNet $4.81M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $10.27M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $14.55M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-39.15M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $777.00K USD 1 Quarter
Proceeds from loans payable and other financial liabilities ProceedsFromIssuanceOfLongTermDebt $4.29M USD 1 Quarter
Payments on loans payable and other financing RepaymentsOfLongTermDebt $661.00K USD 1 Quarter
Payments on loans payable and other financing RepaymentsOfLongTermDebt $2.88M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $4.55M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $6.62M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-5.21M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-5.21M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-5.76M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $6.85M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-22.00M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $67.25M USD 1 Quarter
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $144.88M USD Point-in-time
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $234.14M USD Point-in-time
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $301.39M USD Point-in-time
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $166.88M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $144.88M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $234.14M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $301.39M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $166.88M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $30.25M USD 1 Quarter
Net income ProfitLoss $48.52M USD 1 Quarter
Currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-11.19M USD 1 Quarter
Currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $9.66M USD 1 Quarter
Unrealized net gain on available for sale investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $1.24M USD 1 Quarter
Unrealized net gain on available for sale investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $448.00K USD 1 Quarter
Less: Reclassification adjustment for losses on available for sale investments OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $-587.00K USD 1 Quarter
Less: Reclassification adjustment for losses on available for sale investments OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $-672.00K USD 1 Quarter
Net change in accumulated other comprehensive loss, net of income tax OtherComprehensiveIncomeLossNetOfTax $-10.07M USD 1 Quarter
Net change in accumulated other comprehensive loss, net of income tax OtherComprehensiveIncomeLossNetOfTax $11.50M USD 1 Quarter
Total Comprehensive Income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $60.01M USD 1 Quarter
Total Comprehensive Income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $20.18M USD 1 Quarter

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

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