Mercadolibre, inc. (MELI)
Income statement / 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'10Mar'10Sep'09Jun'09
Net revenues

652,091

674,271

603,031

545,242

473,770

428,019

355,281

335,377

320,976

358,064

304,921

283,882

269,675

256,275

230,847

199,644

157,630

180,732

168,641

154,314

148,103

161,370

147,935

131,849

115,382

134,630

123,055

112,183

102,725

103,754

97,266

88,844

83,736

86,465

81,628

69,378

61,459

62,316

55,951

52,510

45,937

50,599

40,901

Cost of net revenues

339,277

365,924

318,689

272,812

236,766

223,235

185,563

175,629

158,218

154,701

129,094

112,328

100,819

93,545

85,199

73,346

55,448

63,162

56,813

50,311

44,708

47,664

43,402

36,372

31,540

36,205

34,144

31,077

28,649

27,402

25,693

23,892

21,096

20,724

20,060

16,939

14,331

13,794

11,450

11,411

9,893

10,390

8,595

Gross profit

312,814

308,347

284,342

272,430

237,004

204,784

169,718

159,748

162,758

203,363

175,827

171,554

168,856

162,730

145,648

126,298

102,182

117,570

111,828

104,003

103,395

113,706

104,533

95,477

83,842

98,424

88,910

81,106

74,076

76,351

71,573

64,951

62,639

65,741

61,567

52,439

47,127

48,521

44,500

41,098

36,044

40,208

32,306

Operating expenses:
Product and technology development

73,435

58,020

59,495

53,923

52,369

38,962

35,478

33,437

38,396

34,140

32,380

30,338

30,302

26,256

26,066

24,216

21,941

22,497

17,042

19,639

17,245

16,028

13,574

11,741

12,257

9,670

12,074

9,760

9,382

6,923

7,983

6,133

7,586

6,748

5,925

5,518

5,156

4,430

4,224

3,976

3,224

3,295

3,087

Sales and marketing

206,507

269,751

252,903

180,692

130,676

140,065

110,443

121,216

110,723

117,449

84,139

76,856

46,931

48,553

39,723

35,337

32,683

42,167

31,125

29,115

26,202

33,400

29,406

26,469

22,352

23,147

24,175

20,823

22,337

19,182

18,587

16,805

17,427

19,401

16,701

15,636

13,228

14,019

12,281

11,473

11,108

11,048

10,077

General and administrative

62,566

49,463

53,869

50,303

43,820

26,575

34,800

33,337

43,058

30,621

31,766

31,498

28,309

23,250

26,150

20,841

17,069

19,215

18,381

20,612

18,134

19,042

14,406

13,684

15,232

13,487

15,261

15,073

13,785

11,117

11,288

10,127

12,695

10,624

8,976

9,732

9,450

9,103

8,683

6,834

6,206

6,882

6,729

Impairment of Long-Lived Assets

-

-

-

-

-

-

-

-

-

-

-

2,837

-

-

-

13,717

-

0

0

0

16,226

-

-

49,496

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

342,508

377,234

366,267

284,918

226,865

205,602

180,721

187,990

192,177

267,971

148,285

141,529

105,542

98,059

91,939

94,111

71,693

83,879

66,548

69,366

77,807

68,470

57,386

101,390

49,841

46,305

51,511

45,656

45,505

37,223

37,859

33,066

37,708

36,775

31,603

30,887

27,836

27,552

25,189

22,284

20,540

21,226

19,894

(Loss) income from operations

-29,694

-68,887

-81,925

-12,488

10,139

-818

-11,003

-28,242

-29,419

-64,608

27,542

30,025

63,314

64,671

53,709

32,187

30,489

33,691

45,280

34,637

25,588

45,236

47,147

-5,913

34,001

52,119

37,399

35,449

28,571

39,128

33,713

31,884

24,930

28,965

29,963

21,551

19,291

20,969

19,310

18,814

15,504

18,982

12,412

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

36,784

26,933

28,462

33,684

24,444

14,293

8,636

9,915

9,195

8,881

14,200

10,663

12,157

10,250

9,892

8,049

7,251

5,793

5,777

4,683

4,308

4,367

4,360

3,573

3,036

2,294

2,776

2,202

3,394

2,880

2,925

2,982

3,088

2,868

2,913

2,249

1,873

1,857

1,361

917

794

580

602

Interest expense and other financial losses

23,584

21,187

14,451

14,679

15,559

16,444

15,869

13,202

10,734

6,783

6,709

6,506

6,471

6,798

6,492

6,631

5,684

4,229

6,011

5,201

4,950

4,941

4,913

778

1,027

976

487

531

360

273

312

474

77

1,086

1,052

880

628

682

567

3,355

2,995

3,873

3,334

Foreign currency losses

-186

167

987

783

-3,669

-3,862

3,924

12,577

5,601

-2,160

1,622

-21,760

663

-502

-4,823

-5,387

5,147

17,773

2,570

-648

-8,570

5,300

5,220

-15,965

3,093

2,331

1,575

3,600

-6,249

489

-193

749

-1,032

272

3,284

-702

-500

-69

-354

-35

396

-3,299

-1,346

Other losses net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-42

1

-3

0

-179

-7

-4

-179

-7

240

20

-

-

-

-

-

-

Net (loss) income before income tax expense

-16,680

-62,974

-66,927

7,300

15,355

-6,831

-14,312

-18,952

-25,357

-64,670

36,655

12,422

69,663

67,621

52,286

28,218

37,203

53,028

47,616

33,471

16,376

49,962

51,814

-19,083

39,103

55,813

41,221

40,722

25,351

42,224

35,953

35,134

26,904

30,841

35,101

22,457

20,055

22,074

19,750

16,340

13,699

12,389

8,333

Income tax expense

4,429

-8,976

79,155

-8,917

3,491

-4,495

-4,234

-7,700

-12,438

3,050

8,989

7,106

21,145

16,272

13,374

12,360

6,956

14,063

1,976

14,008

14,655

15,800

18,062

6,506

8,775

14,977

12,075

10,701

7,828

11,977

9,885

9,740

7,267

9,219

8,804

7,637

5,998

6,135

959

4,666

4,079

2,537

1,653

Net (loss) income

-

-

-

-

-

-

-

-

-

-

27,666

5,316

48,518

51,349

38,912

15,858

30,247

-

-

-

-

34,162

33,752

-25,589

30,328

40,836

29,146

30,021

17,522

-

26,067

-

-

-

-

-

-

-

-

-

-

-

-

Less: Net Income attributable to Redeemable Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

-14

6

64

72

-137

42

42

55

24

15

2

-

0

-

0

-

-

-

-

-

-

Net (loss) income

-21,109

-53,998

-146,082

16,217

11,864

-2,336

-10,078

-11,252

-12,919

-

-

-

-

-

-

-

-

-

45,640

19,463

1,721

34,146

33,766

-25,595

30,264

-

29,284

29,978

-

-

-

25,394

19,637

-

26,296

14,820

14,057

15,939

18,790

11,673

9,620

9,852

6,679

Net income attributable to MercadoLibre, Inc. shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,480

-

26,043

25,379

19,634

21,605

26,295

14,820

14,057

-

18,790

-

-

-

-

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

-0.44

-1.19

-2.96

0.31

0.13

-0.05

-0.23

-0.25

-0.29

-1.54

0.63

0.12

1.10

1.17

0.88

0.36

0.68

0.89

1.03

0.44

0.04

0.76

0.76

-0.58

0.69

0.93

0.66

0.67

0.40

0.69

0.59

0.57

0.45

0.47

0.60

0.34

0.32

0.36

0.43

0.26

0.22

0.22

0.15

Weighted average of outstanding common shares

49,709

49,762

49,710

49,318

45,980

45,215

44,588

44,157

44,157

44,157

44,157

44,157

44,157

44,157

44,157

44,157

44,156

44,156

44,155

44,155

44,154

44,153

44,153

44,153

44,153

44,153

44,152

44,152

44,151

44,150

44,150

44,147

44,142

44,142

44,141

44,138

44,131

44,131

44,129

44,121

44,113

44,088

44,078

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

-0.44

-1.19

-2.96

0.31

0.13

-0.05

-0.23

-0.25

-0.29

-1.54

0.63

0.12

1.10

1.17

0.88

0.36

0.68

0.89

1.03

0.44

0.04

0.76

0.76

-0.58

0.69

0.93

0.66

0.67

0.40

0.69

0.59

0.57

0.45

0.47

0.60

0.34

0.32

0.36

0.43

0.26

0.22

0.22

0.15

Weighted average of outstanding common shares

49,709

49,762

49,710

49,318

45,980

45,215

44,588

44,157

44,157

44,157

44,157

44,157

44,157

44,157

44,157

44,157

44,156

44,156

44,155

44,155

44,154

44,125

44,153

44,182

44,153

44,153

44,152

44,152

44,151

44,142

44,157

44,152

44,147

44,154

44,151

44,152

44,147

44,141

44,151

44,145

44,149

44,138

44,132

Cash Dividends declared (per share)

-

-

-

-

-

-

-

-

-

0.15

0.15

0.15

0.15

0.15

0.15

0.15

0.15

0.10

0.10

0.10

0.10

0.16

0.16

0.16

0.16

-

0.14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-