Mercadolibre, inc. (MELI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Net revenues

2,296,314

1,439,653

1,216,542

844,396

651,790

556,536

472,595

373,601

298,931

216,715

172,843

137,022

Cost of net revenues

1,194,191

742,645

496,942

307,538

214,994

158,978

130,077

98,085

72,055

46,549

35,958

27,536

Gross profit

1,102,123

697,008

719,600

536,858

436,796

397,558

342,518

275,515

226,875

170,165

136,885

109,486

Operating expenses:
Product and technology development

223,807

146,273

127,160

98,479

76,423

53,600

40,888

28,626

23,349

15,855

12,140

7,307

Sales and marketing

834,022

482,447

325,375

156,296

128,609

111,627

90,484

72,002

64,968

48,883

42,861

39,975

General and administrative

197,455

137,770

122,194

87,310

76,342

62,364

57,607

45,228

38,785

30,828

25,849

22,759

Impairment of Long-Lived Assets

-

-

2,837

13,717

16,226

49,496

-

-

-

-

-

-

Loss on deconsolidation of Venezuelan subsidiaries

-

-

-85,761

-

-

-

-

-

-

-

-

-

Compensation cost related to acquisitions (Note 6)

-

-

-

-

-

-

-

-

-

-

-

1,919

Total operating expenses

1,255,284

766,490

663,327

355,802

297,600

277,087

188,979

145,857

127,103

95,567

80,851

71,962

(Loss) income from operations

-153,161

-69,482

56,273

181,056

139,196

120,471

153,539

129,657

99,772

74,598

56,033

37,523

Other income (expenses):
Interest income and other financial gains

113,523

42,039

45,901

35,442

20,561

15,336

10,668

11,877

9,905

4,931

2,695

1,822

Interest expense and other financial losses

65,876

56,249

26,469

25,605

20,391

11,659

2,356

1,138

3,648

7,601

13,357

8,442

Foreign currency losses

-1,732

18,240

-21,635

-5,565

11,125

-2,352

1,258

11

2,353

-62

-2,658

-1,531

Other losses net

-

-

-

-

-

-

-

-190

73

-

-

73

Net (loss) income before income tax expense

-107,246

-65,452

54,070

185,328

150,491

121,796

163,109

140,217

108,456

71,865

42,712

29,445

Income tax expense

64,753

-28,867

40,290

48,962

44,702

49,143

45,583

38,871

31,659

15,840

9,504

10,634

Net (loss) income

-

-

-

136,366

105,789

72,653

117,526

101,346

76,796

-

-

-

Less: Net Income attributable to Redeemable Noncontrolling Interest

-

-

-

-

-

72

19

98

16

-

-

-

Net (loss) income

-171,999

-36,585

13,780

-

-

72,581

117,507

101,247

-

56,025

33,208

18,811

Net income attributable to MercadoLibre, Inc. shareholders

-

-

-

-

-

-

-

-

76,780

56,025

33,208

-

Basic EPS: Basic net (loss) income
Available to shareholders per common share

-3.71

-0.82

0.31

3.09

2.40

1.63

2.66

2.30

1.73

1.27

0.75

0.43

Weighted average of outstanding common shares

48,692

44,529

44,157

44,157

44,155

44,153

44,152

44,147

44,138

44,124

44,086

44,239

Diluted EPS: Diluted net (loss) income
Available to shareholders per common share

-3.71

-0.82

0.31

3.09

2.40

1.63

2.66

2.30

1.73

1.27

0.75

0.42

Weighted average of outstanding common shares

48,692

44,529

44,157

44,157

44,155

44,153

44,152

44,149

44,151

44,146

44,144

44,348

Cash Dividends declared (per share)

-

-

0.60

0.60

0.41

0.66

0.57

0.43

-

-

-

-