Mercadolibre, inc. (MELI)
Income statement / TTM
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

2,474,635

2,296,314

2,050,062

1,802,312

1,592,447

1,439,653

1,369,698

1,319,338

1,267,843

1,216,542

1,114,753

1,040,679

956,441

844,396

768,853

706,647

661,317

651,790

632,428

611,722

589,257

556,536

529,796

504,916

485,251

472,595

441,719

415,930

392,591

373,601

356,312

340,673

321,207

298,931

274,782

249,105

232,237

216,715

204,998

189,949

0

0

0

Cost of net revenues

1,296,702

1,194,191

1,051,502

918,376

821,193

742,645

674,111

617,642

554,341

496,942

435,786

391,891

352,909

307,538

277,155

248,769

225,734

214,994

199,496

186,085

172,146

158,978

147,519

138,262

132,967

130,077

121,274

112,822

105,638

98,085

91,407

85,774

78,820

72,055

65,125

56,516

50,988

46,549

43,146

40,290

0

0

0

Gross profit

1,177,933

1,102,123

998,560

883,936

771,254

697,008

695,587

701,696

713,502

719,600

678,967

648,788

603,532

536,858

491,698

457,878

435,583

436,796

432,932

425,637

417,111

397,558

382,276

366,654

352,283

342,518

320,444

303,107

286,952

275,515

264,905

254,899

242,387

226,875

209,656

192,589

181,249

170,165

161,852

149,658

0

0

0

Operating expenses:
Product and technology development

244,873

223,807

204,749

180,732

160,246

146,273

141,451

138,353

135,254

127,160

119,276

112,962

106,840

98,479

94,720

85,696

81,119

76,423

69,954

66,486

58,588

53,600

47,242

45,743

43,762

40,888

38,140

34,049

30,423

28,626

28,452

26,393

25,778

23,349

21,031

19,330

17,788

15,855

14,721

13,583

0

0

0

Sales and marketing

909,853

834,022

704,336

561,876

502,400

482,447

459,831

433,527

389,167

325,375

256,479

212,063

170,544

156,296

149,910

141,312

135,090

128,609

119,842

118,123

115,477

111,627

101,374

96,143

90,498

90,484

86,519

80,931

76,913

72,002

72,221

70,336

69,167

64,968

59,586

55,166

51,003

48,883

45,912

43,708

0

0

0

General and administrative

216,201

197,455

174,567

155,498

138,532

137,770

141,816

138,782

136,943

122,194

114,823

109,207

98,550

87,310

83,275

75,506

75,277

76,342

76,169

72,194

65,266

62,364

56,809

57,664

59,053

57,607

55,236

51,264

46,318

45,228

44,735

42,424

42,029

38,785

37,263

36,969

34,072

30,828

28,607

26,653

0

0

0

Impairment of Long-Lived Assets

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

16,226

65,722

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

1,370,927

1,255,284

1,083,652

898,106

801,178

766,490

828,859

796,423

749,962

663,327

493,415

437,069

389,651

355,802

341,622

316,231

291,486

297,600

282,191

273,029

305,053

277,087

254,922

249,047

193,314

188,979

179,896

166,245

153,654

145,857

145,409

139,154

136,975

127,103

117,881

111,467

102,863

95,567

89,240

83,945

0

0

0

(Loss) income from operations

-192,994

-153,161

-85,092

-14,170

-29,924

-69,482

-133,272

-94,727

-36,460

56,273

185,552

211,719

213,881

181,056

150,076

141,647

144,097

139,196

150,741

152,608

112,058

120,471

127,354

117,606

158,968

153,539

140,548

136,862

133,298

129,657

119,495

115,745

105,411

99,772

91,775

81,122

78,385

74,598

72,611

65,713

0

0

0

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

125,863

113,523

100,883

81,057

57,288

42,039

36,627

42,191

42,939

45,901

47,270

42,962

40,348

35,442

30,985

26,870

23,504

20,561

19,135

17,718

16,608

15,336

13,263

11,680

10,309

10,668

11,253

11,402

12,182

11,877

11,865

11,853

11,120

9,905

8,895

7,343

6,010

4,931

3,653

2,894

0

0

0

Interest expense and other financial losses

73,901

65,876

61,133

62,551

61,074

56,249

46,588

37,428

30,732

26,469

26,484

26,267

26,392

25,605

23,036

22,555

21,125

20,391

21,103

20,005

15,582

11,659

7,694

3,268

3,022

2,356

1,653

1,478

1,421

1,138

1,950

2,690

3,097

3,648

3,244

2,760

5,235

7,601

10,792

13,559

0

0

0

Foreign currency losses

1,751

-1,732

-5,761

-2,824

8,970

18,240

19,942

17,640

-16,697

-21,635

-19,977

-26,422

-10,049

-5,565

12,710

20,103

24,842

11,125

-1,348

1,302

-14,015

-2,352

-5,320

-8,965

10,600

1,258

-584

-2,353

-5,205

11

-205

3,272

1,820

2,353

2,011

-1,627

-960

-62

-3,292

-4,284

0

0

0

Other losses net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-44

-182

-190

-190

-370

-197

49

73

0

0

0

-

-

-

-

-

-

Net (loss) income before income tax expense

-139,281

-107,246

-51,103

1,512

-24,740

-65,452

-123,291

-72,324

-40,950

54,070

186,361

201,992

217,788

185,328

170,735

166,065

171,318

150,491

147,425

151,623

99,069

121,796

127,647

117,055

176,860

163,109

149,519

144,251

138,664

140,217

128,834

127,982

115,305

108,456

99,689

84,338

78,221

71,865

62,180

50,763

0

0

0

Income tax expense

65,691

64,753

69,234

-14,155

-12,938

-28,867

-21,322

-8,099

6,707

40,290

53,512

57,897

63,151

48,962

46,753

35,355

37,003

44,702

46,439

62,525

55,023

49,143

48,320

42,334

46,529

45,583

42,583

40,393

39,432

38,871

36,113

35,032

32,929

31,659

28,575

20,729

17,759

15,840

12,242

12,936

0

0

0

Net (loss) income

-

-

-

-

-

-

-

-

-

-

132,849

144,095

154,637

136,366

0

0

0

-

-

-

-

72,653

79,327

74,721

130,331

117,526

102,757

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Less: Net Income attributable to Redeemable Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

128

4

40

19

2

165

138

98

43

0

0

-

0

-

0

-

-

-

-

-

-

Net (loss) income

-204,972

-171,999

-120,337

15,667

-11,802

-36,585

0

0

0

-

-

-

-

-

-

-

-

-

100,970

89,096

44,038

72,581

67,719

63,931

0

-

0

0

-

-

-

0

0

-

71,114

63,608

60,462

56,025

49,937

37,826

0

0

0

Net income attributable to MercadoLibre, Inc. shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

92,662

92,915

82,357

76,780

73,965

0

0

-

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-