10-Q Filing

MERCADOLIBRE INC CIK: 1099590 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001562762-19-000123`
Period End Date	20190331
Filing Date	20190503
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	meli-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 97 Income Statement 36 Cash Flow Statement 69 Stockholders Equity 17 Comprehensive Income 12

Balance Sheet 97 line items

Line Item	Tag	Value	Unit	Period
Held in guarantee	`ShortTermInvestmentsHeldInGuarantee`	$238.03M	USD	Point-in-time
Held in guarantee	`ShortTermInvestmentsHeldInGuarantee`	$284.32M	USD	Point-in-time
Redeemable convertible preferred stock, Par Value	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Redeemable convertible preferred stock, Par Value	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Redeemable convertible preferred stock, Shares Authorized	`TemporaryEquitySharesAuthorized`	40.00M	shares	Point-in-time
Redeemable convertible preferred stock, Shares Authorized	`TemporaryEquitySharesAuthorized`	40.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$440.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Redeemable convertible preferred stock, Shares Issued	`TemporaryEquitySharesIssued`	100,000.00	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$24.36M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$10.38M	USD	Point-in-time
Short-term investments (238,029 and 284,317 held in guarantee)	`ShortTermInvestments`	$1.65B	USD	Point-in-time
Redeemable convertible preferred stock, Shares Outstanding	`TemporaryEquitySharesOutstanding`	100,000.00	shares	Point-in-time
Short-term investments (238,029 and 284,317 held in guarantee)	`ShortTermInvestments`	$461.54M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$35.15M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$34.52M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Credit cards receivable, net	`ReceivablesFromCustomers`	$308.47M	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
Credit cards receivable, net	`ReceivablesFromCustomers`	$360.30M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.32M	shares	Point-in-time
Loans receivable, net	`NotesAndLoansReceivableNetCurrent`	$95.78M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	45.20M	shares	Point-in-time
Loans receivable, net	`NotesAndLoansReceivableNetCurrent`	$134.64M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.32M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	45.20M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$27.48M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$24.13M	USD	Point-in-time
Inventory	`InventoryNet`	$4.61M	USD	Point-in-time
Inventory	`InventoryNet`	$3.00M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$61.57M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$60.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.51B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.52B	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$275.43M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$276.14M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$188.96M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$165.61M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$153.50M	USD	Point-in-time
Goodwill	`Goodwill`	$89.83M	USD	Point-in-time
Goodwill	`Goodwill`	$92.28M	USD	Point-in-time
Goodwill	`Goodwill`	$88.88M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$17.68M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$18.58M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$160.85M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$141.44M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$37.74M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$41.46M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$728.40M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$927.71M	USD	Point-in-time
Total assets	`Assets`	$2.24B	USD	Point-in-time
Total assets	`Assets`	$4.45B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$246.77M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$266.76M	USD	Point-in-time
Funds payable to customers	`PayablesToCustomers`	$640.95M	USD	Point-in-time
Funds payable to customers	`PayablesToCustomers`	$680.75M	USD	Point-in-time
Salaries and social security payable	`EmployeeRelatedLiabilitiesCurrent`	$60.41M	USD	Point-in-time
Salaries and social security payable	`EmployeeRelatedLiabilitiesCurrent`	$76.12M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$34.41M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$31.06M	USD	Point-in-time
Loans payable and other financial liabilities	`LoansPayableCurrent`	$132.95M	USD	Point-in-time
Loans payable and other financial liabilities	`LoansPayableCurrent`	$141.16M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$12.59M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$34.10M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$56.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.25B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.17B	USD	Point-in-time
Salaries and social security payable	`EmployeeRelatedLiabilitiesNoncurrent`	$31.83M	USD	Point-in-time
Salaries and social security payable	`EmployeeRelatedLiabilitiesNoncurrent`	$23.16M	USD	Point-in-time
Loans payable and other financial liabilities	`LongTermLoansPayable`	$602.06M	USD	Point-in-time
Loans payable and other financial liabilities	`LongTermLoansPayable`	$602.23M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$143.05M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$91.70M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$97.01M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$19.51M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.26M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$736.60M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$887.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.90B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.14B	USD	Point-in-time
Redeemable convertible preferred stock, $0.001 par value, 40,000,000 shares authorized, 100,000 shares issued and outstanding at March 31, 2019 (Note 10)	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$98.69M	USD	Point-in-time
Common stock, $0.001 par value, 110,000,000 shares authorized, 49,318,498 and 45,202,859 shares issued and outstanding at March 31, 2019 and December 31, 2018	`CommonStockValue`	$49.00K	USD	Point-in-time
Common stock, $0.001 par value, 110,000,000 shares authorized, 49,318,498 and 45,202,859 shares issued and outstanding at March 31, 2019 and December 31, 2018	`CommonStockValue`	$45.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$224.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.10B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$503.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$509.45M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-392.59M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-391.58M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$252.87M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$336.70M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$325.78M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$2.21B	USD	Point-in-time
Total Liabilities, Redeemable convertible preferred stock and Equity	`LiabilitiesAndStockholdersEquity`	$2.24B	USD	Point-in-time
Total Liabilities, Redeemable convertible preferred stock and Equity	`LiabilitiesAndStockholdersEquity`	$4.45B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	$473.77M	USD	1 Quarter
Net revenues	`Revenues`	$320.98M	USD	1 Quarter
Cost of net revenues	`CostOfRevenue`	$236.77M	USD	1 Quarter
Cost of net revenues	`CostOfRevenue`	$158.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$237.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$162.76M	USD	1 Quarter
Product and technology development	`ResearchAndDevelopmentExpense`	$38.40M	USD	1 Quarter
Product and technology development	`ResearchAndDevelopmentExpense`	$52.37M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$130.68M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$110.72M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$43.82M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$43.06M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$226.87M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$192.18M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$10.14M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-29.42M	USD	1 Quarter
Interest income and other financial gains	`InvestmentIncomeInterest`	$24.44M	USD	1 Quarter
Interest income and other financial gains	`InvestmentIncomeInterest`	$9.20M	USD	1 Quarter
Interest expense and other financial losses	`InterestExpenseAndOtherFinancialCharges`	$15.56M	USD	1 Quarter
Interest expense and other financial losses	`InterestExpenseAndOtherFinancialCharges`	$10.73M	USD	1 Quarter
Foreign currency (losses) gains	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.67M	USD	1 Quarter
Foreign currency (losses) gains	`ForeignCurrencyTransactionGainLossBeforeTax`	$5.60M	USD	1 Quarter
Net income (loss) before income tax expense (gain)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-25.36M	USD	1 Quarter
Net income (loss) before income tax expense (gain)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.36M	USD	1 Quarter
Income tax (expense) gain	`IncomeTaxExpenseBenefit`	$3.49M	USD	1 Quarter
Income tax (expense) gain	`IncomeTaxExpenseBenefit`	$-12.44M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$11.86M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-12.92M	USD	1 Quarter
Available to shareholders per common share	`EarningsPerShareBasic`	$-0.29	USD	1 Quarter
Available to shareholders per common share	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Weighted average of outstanding common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	44.16M	shares	1 Quarter
Weighted average of outstanding common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	45.98M	shares	1 Quarter
Available to shareholders per common share	`EarningsPerShareDiluted`	$-0.29	USD	1 Quarter
Available to shareholders per common share	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Weighted average of outstanding common shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.16M	shares	1 Quarter
Weighted average of outstanding common shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.98M	shares	1 Quarter

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$11.86M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-12.92M	USD	1 Quarter
Unrealized devaluation loss, net	`ForeignCurrencyTransactionLossBeforeTax`	$1.89M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.69M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.08M	USD	1 Quarter
Accrued interest	`AccruedInterestFromInvestments`	$8.70M	USD	1 Quarter
Accrued interest	`AccruedInterestFromInvestments`	$4.45M	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`	$3.02M	USD	1 Quarter
LTRP accrued compensation	`ShareBasedCompensation`	$13.44M	USD	1 Quarter
LTRP accrued compensation	`ShareBasedCompensation`	$15.74M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-14.46M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-30.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-337.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.35M	USD	1 Quarter
Credit card receivables	`IncreaseDecreaseInFundsReceivableFromCustomers`	$33.87M	USD	1 Quarter
Credit card receivables	`IncreaseDecreaseInFundsReceivableFromCustomers`	$-35.89M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$16.16M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.32M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-1.65M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$872.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.08M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$13.01M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$22.77M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-491.00K	USD	1 Quarter
Funds payable to customers	`IncreaseDecreaseInFundsPayableToCustomers`	$63.73M	USD	1 Quarter
Funds payable to customers	`IncreaseDecreaseInFundsPayableToCustomers`	$20.61M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$3.04M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$12.73M	USD	1 Quarter
Interest received from investments	`ProceedsFromOtherOperatingActivities`	$3.91M	USD	1 Quarter
Interest received from investments	`ProceedsFromOtherOperatingActivities`	$3.54M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$138.37M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-37.01M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$632.73M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$1.62B	USD	1 Quarter
Proceeds from sale and maturity of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$439.71M	USD	1 Quarter
Proceeds from sale and maturity of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$683.91M	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$97.00K	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$34.00K	USD	1 Quarter
Advance for property and equipment	`IncreaseDecreaseInAdvancedForFixedAssets`	$3.39M	USD	1 Quarter
Changes in principal of loans receivable, net	`IncreaseDecreaseInPrincipalLoansReceivableNet`	$52.24M	USD	1 Quarter
Changes in principal of loans receivable, net	`IncreaseDecreaseInPrincipalLoansReceivableNet`	$42.61M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$32.93M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.54M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-24.10M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.26B	USD	1 Quarter
Purchase of convertible note capped call	`PaymentsForHedgeFinancingActivities`	$45.69M	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`	$33.98M	USD	1 Quarter
Payments on loans payable and other financing liabilities	`RepaymentsOfLongTermDebt`	$23.82M	USD	1 Quarter
Payments on loans payable and other financing liabilities	`RepaymentsOfLongTermDebt`	$4.58M	USD	1 Quarter
Payment of finance lease obligations	`FinanceLeasePrincipalPayments`	$662.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.62M	USD	1 Quarter
Proceeds from issuance of convertible redeemable preferred stock	`ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock`	$98.69M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.87B	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.03M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.97B	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-772.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-11.41M	USD	1 Quarter
Net increase in cash, cash equivalents, restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$841.57M	USD	1 Quarter
Net increase in cash, cash equivalents, restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-37.85M	USD	1 Quarter
cash, cash equivalents, restricted cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$388.26M	USD	Point-in-time
cash, cash equivalents, restricted cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$350.41M	USD	Point-in-time
cash, cash equivalents, restricted cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$464.69M	USD	Point-in-time
cash, cash equivalents, restricted cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.31B	USD	Point-in-time
cash, cash equivalents, restricted cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$388.26M	USD	Point-in-time
cash, cash equivalents, restricted cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$350.41M	USD	Point-in-time
cash, cash equivalents, restricted cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$464.69M	USD	Point-in-time
cash, cash equivalents, restricted cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.31B	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$252.87M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$336.70M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$325.78M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.21B	USD	Point-in-time
Common Stock issued	`StockIssuedDuringPeriodValueNewIssues`	$1.87B	USD	1 Quarter
Exercise of convertible notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$2.00K	USD	1 Quarter
Unwind Capped Call	`UnwindCappedCallTransactionCost`	$3.00K	USD	1 Quarter
Capped Call	`CappedCallTransactionCost`	$-45.69M	USD	1 Quarter
Changes in accounting Standards	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$2.09M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$11.86M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-12.92M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-16.39M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.01M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$252.87M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$336.70M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$325.78M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.21B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$11.86M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-12.92M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-294.00K	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-15.57M	USD	1 Quarter
Unrealized net gains (losses) on available for sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-24.00K	USD	1 Quarter
Unrealized net gains (losses) on available for sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.01M	USD	1 Quarter
Less: Reclassification adjustment for gains from accumulated other comprehensive income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociNetOfTax`	$-796.00K	USD	1 Quarter
Less: Reclassification adjustment for gains from accumulated other comprehensive income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociNetOfTax`	$-2.73M	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`	$-16.39M	USD	1 Quarter
Total Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-29.31M	USD	1 Quarter
Total Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$10.85M	USD	1 Quarter

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