Mercadolibre, inc. (MELI)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Current assets:
Cash and cash equivalents

1,071,217

1,384,740

1,419,934

1,118,662

1,295,886

440,332

1,028,579

489,157

350,411

388,260

461,198

382,791

301,388

234,140

187,995

144,016

144,885

166,881

173,024

170,391

219,768

223,144

237,503

385,520

131,139

140,285

128,096

131,191

122,167

101,489

98,171

87,595

75,874

67,381

59,083

44,250

50,968

56,830

44,451

31,568

49,803

Restricted cash and cash equivalents

194,166

66,684

37,031

9,660

10,375

24,363

49,151

34,854

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments (353,162 and 522,798 held in guarantee)

1,558,325

1,597,241

1,726,189

1,789,354

1,648,457

461,541

67,041

69,432

159,446

209,432

175,165

206,165

265,165

253,321

283,650

251,416

195,569

202,112

168,015

167,161

148,052

148,810

169,843

105,228

87,390

76,593

91,330

71,299

75,545

93,694

79,390

83,016

82,722

74,928

67,578

72,384

3,179

5,342

6,584

11,279

14,580

Accounts receivable, net

34,060

35,446

35,791

40,175

34,524

35,153

27,141

27,470

29,914

28,168

28,564

24,733

24,097

25,435

31,086

40,055

47,118

28,428

54,551

46,123

54,054

46,672

39,243

34,690

30,331

25,884

26,621

21,323

20,438

19,837

16,447

16,559

16,338

16,815

15,429

14,984

13,446

12,618

11,132

8,996

4,868

Credit cards receivable, net

366,803

379,969

288,588

433,046

308,468

360,298

266,461

307,614

530,185

521,130

406,883

265,212

300,612

307,904

226,818

215,437

193,666

131,946

187,566

130,971

133,644

85,162

86,469

59,432

54,322

52,045

37,867

61,619

40,679

35,816

39,799

28,021

23,964

23,855

13,244

7,910

5,633

6,151

4,688

3,406

3,785

Loans receivable, net

141,419

182,105

176,074

192,881

134,640

95,778

90,827

112,066

122,328

73,409

51,843

25,290

11,380

6,283

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

35,294

45,309

17,898

18,618

24,132

27,477

11,013

14,410

21,862

5,864

8,199

9,570

14,846

15,060

6,299

6,004

7,319

6,007

7,614

5,332

6,433

3,458

5,878

4,982

4,554

3,836

4,158

3,522

3,082

2,080

2,232

1,940

1,955

1,269

1,140

1,331

843

913

681

506

547

Inventory

12,114

8,626

10,132

5,950

3,003

4,612

7,395

7,938

3,362

2,549

2,309

1,034

432

1,103

1,388

990

420

222

135

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,443

10,927

11,222

11,520

15,525

14,958

20,809

16,030

14,323

12,650

11,585

11,040

10,655

9,366

9,949

9,131

11,922

12,396

12,956

12,911

12,152

6,606

5,481

Other assets

96,876

88,736

68,993

68,086

60,968

61,569

54,071

62,213

68,052

58,107

47,995

43,390

28,472

26,215

21,871

15,349

16,072

9,577

23,866

16,449

15,002

13,984

15,427

9,403

8,663

11,488

15,351

11,393

15,065

11,403

8,215

7,043

6,394

6,863

6,093

5,964

7,196

6,867

5,742

4,919

3,068

Total current assets

3,510,274

3,788,856

3,780,630

3,676,432

3,520,453

1,511,123

1,601,679

1,125,154

1,285,560

1,286,919

1,182,156

958,185

946,392

869,461

759,107

673,267

605,049

545,173

625,214

547,354

588,175

532,750

569,891

614,216

337,211

326,164

317,749

312,999

288,565

275,361

254,911

233,544

217,199

200,245

174,490

159,221

94,224

101,635

85,435

67,284

82,135

Non-current assets:
Long-term investments

269,955

263,983

3,595

207,047

275,432

276,136

2,823

11,394

33,410

34,720

45,550

186,322

170,352

153,803

155,178

157,832

187,889

187,621

185,733

209,324

190,152

205,265

158,839

52,145

45,001

45,719

69,806

59,437

94,956

85,955

59,418

49,571

43,084

43,933

41,002

50,201

101,824

78,846

65,852

66,112

26,627

Loans receivable, net

6,879

6,439

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advance for fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

239,249

244,257

220,854

216,005

188,956

165,614

138,417

113,170

122,859

114,837

136,101

130,594

131,968

124,261

121,006

104,808

89,932

81,633

82,510

82,735

75,945

91,545

83,926

83,780

129,464

131,371

80,000

80,081

38,017

37,726

35,217

35,103

33,117

30,877

31,351

31,316

22,672

20,817

19,062

7,689

5,948

Operating lease right-of-use assets

183,534

200,449

175,022

157,843

153,499

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

82,283

87,609

86,114

90,375

89,827

88,883

88,650

83,637

93,714

92,279

95,249

94,118

95,849

91,797

94,493

96,150

91,379

86,545

91,857

101,840

65,577

68,829

67,068

70,267

51,959

55,101

57,855

59,558

62,818

60,366

61,357

61,112

63,935

62,093

62,861

61,356

60,480

60,496

-

-

59,822

Intangible assets, net

17,133

14,275

15,114

16,808

17,683

18,581

18,719

19,256

22,392

23,174

24,642

25,359

26,227

26,277

27,725

29,126

29,056

28,991

30,509

34,265

22,801

23,171

23,304

25,683

6,393

6,591

6,438

6,717

7,167

7,279

7,535

7,622

6,626

6,494

6,710

3,819

3,978

4,141

-

-

4,515

Deferred tax assets

102,296

117,582

108,551

184,926

160,846

141,438

125,521

106,330

93,708

57,324

66,163

58,065

51,441

45,017

44,066

36,417

32,631

29,688

16,004

13,343

13,817

21,554

12,122

15,617

2,906

3,014

5,293

4,827

5,367

5,862

6,137

5,965

6,537

6,491

3,495

1,939

2,841

2,975

4,887

4,053

2,897

Goodwill and intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64,790

62,932

-

Other assets

46,477

58,241

49,461

46,056

41,464

37,744

42,542

60,500

68,044

63,934

68,431

58,795

61,417

56,819

54,482

42,549

47,533

43,955

37,001

31,774

20,316

23,734

24,045

26,253

24,921

24,399

6,009

5,959

6,328

6,118

6,046

5,631

6,068

5,794

5,430

671

710

771

705

569

667

Total non-current assets

947,806

992,835

658,711

919,060

927,707

728,396

416,672

394,287

434,127

386,268

436,136

553,253

537,254

497,974

496,950

466,882

478,420

458,433

443,614

473,281

388,608

434,098

369,306

273,748

260,647

266,198

251,572

216,582

214,655

203,308

175,712

165,007

159,370

155,685

150,852

149,304

192,508

168,047

155,297

141,357

100,479

Total assets

4,458,080

4,781,691

4,439,341

4,595,492

4,448,160

2,239,519

2,018,351

1,519,441

1,719,687

1,673,187

1,618,292

1,511,438

1,483,646

1,367,435

1,256,057

1,140,149

1,083,469

1,003,606

1,068,828

1,020,635

976,783

966,848

939,198

887,964

597,858

592,362

569,321

529,582

503,220

478,669

430,624

398,551

376,569

355,931

325,343

308,525

286,733

269,683

240,732

208,641

182,614

Liabilities and Equity
Current liabilities:
Accounts payable and accrued expenses

295,500

372,309

342,433

314,703

246,767

266,759

230,999

226,101

228,318

221,095

181,557

154,423

108,507

105,106

95,970

86,068

77,180

62,038

75,820

67,371

58,160

58,006

59,144

40,677

36,582

34,405

33,211

31,467

26,744

23,976

24,298

24,303

21,727

20,251

19,998

20,333

17,945

17,232

14,689

13,779

11,599

Funds payable to customers

718,454

894,057

708,716

778,128

680,746

640,954

525,089

498,623

592,923

583,107

519,420

425,609

396,487

370,693

313,837

277,528

230,000

203,247

219,751

197,793

193,188

165,034

161,300

147,908

132,368

129,038

122,286

114,370

110,349

101,472

83,559

77,697

70,486

69,216

58,874

58,176

52,771

48,788

40,240

36,017

31,453

Salaries and social security payable

100,059

101,841

92,452

78,007

76,123

60,406

57,372

50,043

97,769

65,053

61,168

47,512

73,342

48,898

43,676

32,786

36,021

32,918

32,778

27,626

36,212

28,777

26,377

20,504

26,094

23,182

23,313

19,395

23,147

19,974

18,022

14,723

13,145

13,525

11,722

10,545

9,775

10,786

9,007

7,110

7,428

Taxes payable

46,394

60,247

39,230

45,672

34,414

31,058

22,740

28,300

28,306

32,150

27,923

22,084

30,668

27,338

27,810

16,419

25,139

10,092

21,593

37,092

23,733

26,013

22,351

18,440

16,788

17,854

16,187

15,371

16,057

19,210

12,598

10,346

9,888

11,633

9,997

8,061

9,777

11,487

9,927

8,560

6,797

Loans payable and other financial liabilities

316,508

186,138

108,908

162,983

141,162

132,949

141,502

146,655

134,466

56,325

24,701

18,240

16,430

11,583

6,077

782

3,277

1,965

4,294

1,499

1,565

1,642

1,548

2,258

7,677

13,370

18,909

11,870

115

84

124

146

142

146

140

105

92

100

30

56

3,213

Operating lease liabilities

23,025

23,259

17,441

13,957

12,585

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,731

1,702

1,673

1,645

1,617

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

76,560

114,469

75,630

56,059

56,418

34,098

11,830

25,342

4,069

3,678

1,400

1,545

5,606

6,359

2,319

2,148

8,087

7,667

6,796

8,048

4,081

4,176

3,246

3,330

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

6,624

6,624

6,624

6,624

6,624

6,624

6,624

6,624

4,548

4,548

4,548

4,548

7,330

7,329

7,329

7,329

6,313

6,313

6,313

6,313

4,812

4,812

4,812

4,812

3,531

3,531

3,531

3,530

0

-

-

-

Total current liabilities

1,576,500

1,752,320

1,384,810

1,449,509

1,248,215

1,166,224

989,532

975,064

1,085,851

968,032

822,793

676,037

637,664

576,601

496,313

422,355

386,328

322,475

367,311

345,679

323,160

292,623

282,915

240,449

226,839

224,165

220,222

198,789

182,728

169,531

143,416

132,030

120,203

118,303

104,264

100,753

93,892

88,394

73,895

65,524

60,492

Non-current liabilities:
Salaries and social security payable

16,165

26,803

27,393

23,648

31,827

23,161

23,389

19,123

19,500

25,002

22,124

19,179

12,498

16,173

14,801

10,239

7,018

10,422

9,867

10,913

12,193

11,326

7,669

6,188

6,054

9,185

8,555

6,324

4,130

3,452

4,139

3,818

3,950

3,844

3,056

3,106

2,513

2,562

2,629

1,730

1,355

Loans payable and other financial liabilities

616,295

631,353

623,114

619,670

602,061

602,228

554,830

333,364

314,953

312,089

309,444

306,706

304,534

301,940

299,472

296,691

295,683

294,342

292,726

286,525

286,180

282,184

282,945

278,362

1,812

2,489

23

33

46

59

74

94

101

136

178

125

166

188

280

161

0

Operating lease liabilities

169,147

176,673

159,001

147,555

143,047

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

98,048

99,952

96,925

98,997

97,006

91,698

92,322

23,166

25,542

23,819

40,435

37,696

36,830

34,059

36,070

32,099

28,320

27,049

23,834

21,620

18,774

18,746

15,575

18,294

5,511

5,339

8,535

8,134

8,731

8,975

8,367

8,554

8,481

8,670

8,219

4,726

5,149

5,167

6,439

6,413

5,170

Other liabilities

16,515

12,627

11,081

11,501

13,258

19,508

16,526

13,987

20,974

18,466

17,340

12,805

9,876

9,808

14,414

14,198

13,054

9,860

11,638

11,455

5,358

6,181

5,242

6,154

3,775

3,699

3,783

3,395

3,575

2,837

2,520

2,213

2,153

1,797

1,770

2,184

1,905

1,651

1,327

1,090

1,402

Total non-current liabilities

916,170

947,408

917,514

901,371

887,199

736,595

687,067

389,640

380,969

379,376

389,343

376,386

363,738

361,980

364,757

353,227

344,075

341,673

338,065

330,513

322,505

318,437

311,433

309,000

17,153

20,713

20,897

17,889

16,483

15,324

15,102

14,680

14,686

14,448

13,225

10,143

9,735

9,570

10,677

9,396

7,928

Total liabilities

2,492,670

2,699,728

2,302,324

2,350,880

2,135,414

1,902,819

1,676,599

1,364,704

1,466,820

1,347,408

1,212,136

1,052,423

1,001,402

938,581

861,070

775,582

730,403

664,148

705,376

676,192

645,665

611,060

594,349

549,449

243,993

244,879

241,120

216,678

199,212

184,855

158,518

146,710

134,889

132,752

117,489

110,896

103,628

97,964

84,572

74,920

68,421

Commitments and Contingencies (Note 9)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

-

-

-

Redeemable convertible preferred stock, $0.001 par value, 40,000,000 shares authorized, 100,000 shares issued and outstanding at March 31, 2020 and December 31, 2019

98,843

98,843

98,843

98,843

98,688

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,000

4,000

4,000

4,000

4,000

4,000

4,000

4,000

4,000

4,000

4,000

4,000

-

-

-

0

-

-

-

Equity
Common stock, $0.001 par value, 110,000,000 shares authorized, 49,709,955 shares issued and outstanding at March 31, 2020 and December 31, 2019

50

50

50

49

49

45

45

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

Additional paid-in capital

2,068,048

2,067,869

2,075,693

2,009,497

2,097,142

224,800

221,719

24,969

24,969

70,661

70,674

137,982

137,982

137,982

137,979

137,979

137,979

137,923

137,842

137,787

137,692

137,645

137,572

137,572

120,595

121,562

120,491

120,491

120,471

120,468

120,468

120,465

120,463

120,452

120,440

120,429

120,426

120,391

120,366

120,375

120,257

Treasury stock

720

720

720

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retained earnings

295,913

322,592

377,590

524,672

509,455

503,432

505,768

515,846

527,098

537,925

612,269

591,227

592,535

550,641

505,915

473,627

464,393

440,770

406,353

365,261

350,346

353,173

326,684

300,359

333,404

310,345

275,583

252,781

229,466

218,083

192,668

171,253

150,867

135,726

118,262

95,498

84,208

73,681

57,742

38,951

17,656

Accumulated other comprehensive loss

-496,724

-406,671

-414,439

-388,449

-392,588

-391,577

-385,780

-386,122

-299,244

-282,851

-276,831

-270,238

-248,317

-259,813

-248,951

-247,083

-249,350

-239,279

-180,787

-158,649

-156,964

-135,074

-123,451

-103,461

-104,178

-87,455

-71,918

-64,412

-49,973

-48,783

-45,075

-43,921

-33,694

-37,043

-34,304

-18,342

-21,573

-22,399

-21,992

-25,648

-23,765

Total Equity of MercadoLibre, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

204,443

-

-

-

-

-

-

Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,410

-

-

-

-

-

-

Total Equity

1,866,567

1,983,120

2,038,174

2,145,769

2,214,058

336,700

341,752

154,737

252,867

325,779

406,156

459,015

482,244

428,854

394,987

364,567

353,066

339,458

363,452

344,443

331,118

355,788

340,849

334,515

349,865

343,483

324,200

308,904

300,008

289,813

268,105

247,841

237,679

219,179

207,854

197,629

183,105

171,718

156,159

133,721

114,193

Total Liabilities, Redeemable convertible preferred stock and Equity

4,458,080

4,781,691

4,439,341

4,595,492

4,448,160

2,239,519

2,018,351

1,519,441

1,719,687

1,673,187

1,618,292

1,511,438

1,483,646

1,367,435

1,256,057

1,140,149

1,083,469

1,003,606

1,068,828

1,020,635

976,783

966,848

939,198

887,964

597,858

592,362

569,321

529,582

503,220

478,669

430,624

398,551

376,569

355,931

325,343

308,525

286,733

269,683

240,732

208,641

182,614