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10-Q Filing

MERCADOLIBRE INC CIK: 1099590 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001562762-18-000158
Period End Date 20180331
Filing Date 20180510
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance meli-20180331.xml
Filing Contents
Balance Sheet 84 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 $388.26M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $234.14M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 44.16M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $301.39M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 44.16M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $350.41M USD Point-in-time
Short-term investments ShortTermInvestments $159.45M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 44.16M shares Point-in-time
Short-term investments ShortTermInvestments $209.43M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 44.16M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $29.91M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $28.17M USD Point-in-time
Credit cards receivable, net ReceivablesFromCustomers $530.18M USD Point-in-time
Credit cards receivable, net ReceivablesFromCustomers $521.13M USD Point-in-time
Loans receivable, net NotesAndLoansReceivableNetCurrent $122.33M USD Point-in-time
Loans receivable, net NotesAndLoansReceivableNetCurrent $73.41M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $21.86M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $5.86M USD Point-in-time
Inventory InventoryNet $2.55M USD Point-in-time
Inventory InventoryNet $3.36M USD Point-in-time
Other assets OtherAssetsCurrent $68.05M USD Point-in-time
Other assets OtherAssetsCurrent $58.11M USD Point-in-time
Total current assets AssetsCurrent $1.29B USD Point-in-time
Total current assets AssetsCurrent $1.29B USD Point-in-time
Long-term investments LongTermInvestments $34.72M USD Point-in-time
Long-term investments LongTermInvestments $33.41M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $114.84M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $122.86M USD Point-in-time
Goodwill Goodwill $92.28M USD Point-in-time
Goodwill Goodwill $93.71M USD Point-in-time
Goodwill Goodwill $91.80M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $22.39M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $23.17M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $57.32M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $93.71M USD Point-in-time
Other assets OtherAssetsNoncurrent $63.93M USD Point-in-time
Other assets OtherAssetsNoncurrent $68.04M USD Point-in-time
Total non-current assets AssetsNoncurrent $434.13M USD Point-in-time
Total non-current assets AssetsNoncurrent $386.27M USD Point-in-time
Total assets Assets $1.72B USD Point-in-time
Total assets Assets $1.67B USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $221.09M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $228.32M USD Point-in-time
Funds payable to customers PayablesToCustomers $592.92M USD Point-in-time
Funds payable to customers PayablesToCustomers $583.11M USD Point-in-time
Salaries and social security payable EmployeeRelatedLiabilitiesCurrent $97.77M USD Point-in-time
Salaries and social security payable EmployeeRelatedLiabilitiesCurrent $65.05M USD Point-in-time
Taxes payable TaxesPayableCurrent $28.31M USD Point-in-time
Taxes payable TaxesPayableCurrent $32.15M USD Point-in-time
Loans payable and other financial liabilities LoansPayableCurrent $56.33M USD Point-in-time
Loans payable and other financial liabilities LoansPayableCurrent $134.47M USD Point-in-time
Other liabilities OtherLiabilitiesCurrent $3.68M USD Point-in-time
Other liabilities OtherLiabilitiesCurrent $4.07M USD Point-in-time
Dividends payable DividendsPayableCurrent $6.62M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.09B USD Point-in-time
Total current liabilities LiabilitiesCurrent $968.03M USD Point-in-time
Salaries and social security payable EmployeeRelatedLiabilitiesNoncurrent $25.00M USD Point-in-time
Salaries and social security payable EmployeeRelatedLiabilitiesNoncurrent $19.50M USD Point-in-time
Loans payable and other financial liabilities LongTermLoansPayable $312.09M USD Point-in-time
Loans payable and other financial liabilities LongTermLoansPayable $314.95M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $23.82M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $25.54M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $20.97M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $18.47M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $380.97M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $379.38M USD Point-in-time
Total liabilities Liabilities $1.35B USD Point-in-time
Total liabilities Liabilities $1.47B 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, 2018 and December 31, 2017 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, 2018 and December 31, 2017 CommonStockValue $44.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $24.97M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $70.66M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $537.92M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $527.10M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-282.85M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-299.24M USD Point-in-time
Total Equity StockholdersEquity $325.78M USD Point-in-time
Total Equity StockholdersEquity $252.87M USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $1.67B USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $1.72B USD Point-in-time
Income Statement 37 line items
Line Item Tag Value Unit Period
Net revenues Revenues $269.68M USD 1 Quarter
Net revenues Revenues $320.98M USD 1 Quarter
Cost of net revenues CostOfRevenue $100.82M USD 1 Quarter
Cost of net revenues CostOfRevenue $158.22M USD 1 Quarter
Gross profit GrossProfit $162.76M 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 $38.40M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $46.93M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $110.72M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $28.31M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $43.06M USD 1 Quarter
Total operating expenses OperatingExpenses $105.54M USD 1 Quarter
Total operating expenses OperatingExpenses $192.18M USD 1 Quarter
(Loss) income from operations OperatingIncomeLoss $-29.42M USD 1 Quarter
(Loss) income from operations OperatingIncomeLoss $63.31M USD 1 Quarter
Interest income and other financial gains InvestmentIncomeInterest $9.20M USD 1 Quarter
Interest income and other financial gains InvestmentIncomeInterest $12.16M USD 1 Quarter
Interest expense and other financial losses InterestExpenseAndOtherFinancialCharges $6.47M USD 1 Quarter
Interest expense and other financial losses InterestExpenseAndOtherFinancialCharges $10.73M USD 1 Quarter
Foreign currency gains ForeignCurrencyTransactionGainLossBeforeTax $5.60M USD 1 Quarter
Foreign currency gains ForeignCurrencyTransactionGainLossBeforeTax $663.00K USD 1 Quarter
Net (loss) income before income tax gain (expense) IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-25.36M USD 1 Quarter
Net (loss) income before income tax gain (expense) IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $69.66M USD 1 Quarter
Income tax gain (expense) IncomeTaxExpenseBenefit $-12.44M USD 1 Quarter
Income tax gain (expense) IncomeTaxExpenseBenefit $21.14M USD 1 Quarter
Net (loss) income ProfitLoss $48.52M USD 1 Quarter
Net (loss) income ProfitLoss $-12.92M USD 1 Quarter
Available to shareholders per common share EarningsPerShareBasic $-0.29 USD 1 Quarter
Available to shareholders per common share EarningsPerShareBasic $1.10 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 $-0.29 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 Flow Statement 67 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $48.52M USD 1 Quarter
Net (loss) income ProfitLoss $-12.92M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $11.08M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $9.00M USD 1 Quarter
Accrued interest AccruedInterestFromInvestments $4.45M USD 1 Quarter
Accrued interest AccruedInterestFromInvestments $5.68M USD 1 Quarter
Non cash interest and convertible notes amortization of debt discount and amortization of debt issuance costs ConvertibleBondsAccruedInterestAndAmortizationOfDebtDiscount $7.06M USD 1 Quarter
Non cash interest and convertible notes 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 $15.74M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-2.80M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-30.60M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $1.30M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $9.35M USD 1 Quarter
Credit cards receivables IncreaseDecreaseInFundsReceivableFromCustomers $33.87M USD 1 Quarter
Credit cards receivables IncreaseDecreaseInFundsReceivableFromCustomers $-15.58M USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-347.00K USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $16.16M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $872.00K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-727.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $13.01M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $4.47M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $22.77M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $13.36M USD 1 Quarter
Funds payable to customers IncreaseDecreaseInFundsPayableToCustomers $20.61M USD 1 Quarter
Funds payable to customers IncreaseDecreaseInFundsPayableToCustomers $13.93M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $123.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $3.04M USD 1 Quarter
Interest received from investments ProceedsFromOtherOperatingActivities $4.01M USD 1 Quarter
Interest received from investments ProceedsFromOtherOperatingActivities $3.91M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-37.01M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $104.76M USD 1 Quarter
Purchase of investments PaymentsToAcquireInvestments $897.59M USD 1 Quarter
Purchase of investments PaymentsToAcquireInvestments $632.73M USD 1 Quarter
Proceeds from sale and maturity of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $683.91M USD 1 Quarter
Proceeds from sale and maturity of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $876.04M USD 1 Quarter
Purchases of intangible assets PaymentsToAcquireIntangibleAssets $17.00K USD 1 Quarter
Purchases of intangible assets PaymentsToAcquireIntangibleAssets $97.00K USD 1 Quarter
Advance for property and equipment IncreaseDecreaseInAdvancedForFixedAssets $3.39M USD 1 Quarter
Advance for property and equipment IncreaseDecreaseInAdvancedForFixedAssets $2.50M USD 1 Quarter
Changes in principal loans receivable, net IncreaseDecreaseInPrincipalLoansReceivableNet $52.24M USD 1 Quarter
Changes in principal 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 $19.54M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-39.15M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-24.10M USD 1 Quarter
Proceeds from loans payable and other financial liabilities ProceedsFromIssuanceOfLongTermDebt $80.92M USD 1 Quarter
Proceeds from loans payable and other financial liabilities ProceedsFromIssuanceOfLongTermDebt $4.29M USD 1 Quarter
Payments on loans payable and other financing liabilities RepaymentsOfLongTermDebt $4.58M USD 1 Quarter
Payments on loans payable and other financing liabilities RepaymentsOfLongTermDebt $2.88M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $6.62M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $6.62M USD 1 Quarter
Purchase of convertible note capped call PaymentsForHedgeFinancingActivities $45.69M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-5.21M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $24.03M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $6.85M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-772.00K USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-37.85M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $67.25M USD 1 Quarter
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $388.26M 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 $350.41M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $388.26M 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 $350.41M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $48.52M USD 1 Quarter
Net (loss) income ProfitLoss $-12.92M USD 1 Quarter
Currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-15.57M USD 1 Quarter
Currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $9.66M USD 1 Quarter
Unrealized net losses (gains) on available for sale investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $1.24M USD 1 Quarter
Unrealized net losses (gains) on available for sale investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-24.00K USD 1 Quarter
Less: Reclassification adjustment for gains (losses) on available for sale investments OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $796.00K USD 1 Quarter
Less: Reclassification adjustment for gains (losses) on available for sale investments OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $-587.00K USD 1 Quarter
Net change in accumulated other comprehensive (loss) income, net of income tax OtherComprehensiveIncomeLossNetOfTax $11.50M USD 1 Quarter
Net change in accumulated other comprehensive (loss) income, net of income tax OtherComprehensiveIncomeLossNetOfTax $-16.39M USD 1 Quarter
Total Comprehensive (loss) income ComprehensiveIncomeNetOfTax $60.01M USD 1 Quarter
Total Comprehensive (loss) income ComprehensiveIncomeNetOfTax $-29.31M USD 1 Quarter

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

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