2013 Form 10-K Financial Statement

#000119312514078151 Filed on March 03, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012
Revenue $472.6M $103.8M $373.6M
YoY Change 26.5% 20.0% 24.98%
Cost Of Revenue $130.1M $27.40M $98.09M
YoY Change 32.62% 32.37% 36.12%
Gross Profit $342.5M $76.35M $275.5M
YoY Change 24.32% 16.14% 21.44%
Gross Profit Margin 72.48% 73.59% 73.75%
Selling, General & Admin $148.1M $30.30M $117.2M
YoY Change 26.32% 1.0% 12.99%
% of Gross Profit 43.24% 39.68% 42.55%
Research & Development $32.30M $6.900M $28.60M
YoY Change 12.94% 2.99% 22.75%
% of Gross Profit 9.43% 9.04% 10.38%
Depreciation & Amortization $11.90M $2.600M $9.000M
YoY Change 32.22% 23.81% 23.29%
% of Gross Profit 3.47% 3.41% 3.27%
Operating Expenses $189.0M $37.20M $145.9M
YoY Change 29.56% 1.09% 14.76%
Operating Profit $153.5M $39.15M $129.7M
YoY Change 18.42% 35.28% 29.95%
Interest Expense $9.600M $3.100M $10.80M
YoY Change -11.11% 47.62% 25.58%
% of Operating Profit 6.25% 7.92% 8.33%
Other Income/Expense, Net -$751.00 $0.00 -$190.9K
YoY Change -99.61% -100.0% -358.39%
Pretax Income $163.1M $42.20M $140.2M
YoY Change 16.33% 37.01% 29.28%
Income Tax $45.58M $12.00M $38.87M
% Of Pretax Income 27.95% 28.44% 27.72%
Net Earnings $117.5M $30.25M $101.2M
YoY Change 16.06% 39.89% 31.84%
Net Earnings / Revenue 24.86% 29.15% 27.1%
Basic Earnings Per Share $2.66 $0.69 $2.30
Diluted Earnings Per Share $2.66 $0.69 $2.30
COMMON SHARES
Basic Shares Outstanding 44.15M shares 44.15M shares 44.15M shares
Diluted Shares Outstanding 44.15M shares 44.15M shares 44.15M shares

Balance Sheet

Concept 2013 2012 Q4 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $216.9M $195.2M $195.2M
YoY Change 11.12% 37.17% 37.17%
Cash & Equivalents $140.3M $101.5M $101.5M
Short-Term Investments $76.60M $93.70M $93.70M
Other Short-Term Assets $31.30M $11.40M $24.50M
YoY Change 27.76% 66.15% 41.62%
Inventory
Prepaid Expenses $2.080M
Receivables $77.90M $19.84M $55.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $326.2M $275.4M $275.4M
YoY Change 18.45% 37.51% 37.56%
LONG-TERM ASSETS
Property, Plant & Equipment $131.4M $37.73M $37.70M
YoY Change 248.54% 22.18% 22.01%
Goodwill $60.37M
YoY Change -2.78%
Intangibles $7.280M
YoY Change 12.09%
Long-Term Investments $45.70M $86.00M $86.00M
YoY Change -46.86% 95.9% 95.9%
Other Assets $27.40M $6.118M $12.00M
YoY Change 128.33% 5.59% -2.44%
Total Long-Term Assets $266.2M $203.3M $203.3M
YoY Change 30.94% 30.59% 30.57%
TOTAL ASSETS
Total Short-Term Assets $326.2M $275.4M $275.4M
Total Long-Term Assets $266.2M $203.3M $203.3M
Total Assets $592.4M $478.7M $478.7M
YoY Change 23.75% 34.48% 34.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.70M $14.82M $14.80M
YoY Change 80.41% 21.94% 21.31%
Accrued Expenses $30.90M $20.00M $29.10M
YoY Change 6.19% 48.15% 263.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.40M $100.0K $100.0K
YoY Change 13300.0% 0.0% 0.0%
Total Short-Term Liabilities $224.2M $169.5M $169.5M
YoY Change 32.27% 43.3% 43.28%
LONG-TERM LIABILITIES
Long-Term Debt $2.500M $100.0K $100.0K
YoY Change 2400.0% 0.0% 0.0%
Other Long-Term Liabilities $12.90M $2.837M $6.300M
YoY Change 104.76% 57.8% 12.5%
Total Long-Term Liabilities $15.40M $15.32M $6.400M
YoY Change 140.63% 6.06% 12.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $224.2M $169.5M $169.5M
Total Long-Term Liabilities $15.40M $15.32M $6.400M
Total Liabilities $248.9M $184.9M $188.9M
YoY Change 31.76% 39.25% 38.08%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $44.15K
YoY Change 0.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $343.5M $289.8M $289.8M
YoY Change
Total Liabilities & Shareholders Equity $592.4M $478.7M $478.7M
YoY Change 23.75% 34.48% 34.5%

Cashflow Statement

Concept 2013 2012 Q4 2012
OPERATING ACTIVITIES
Net Income $117.5M $30.25M $101.2M
YoY Change 16.06% 39.89% 31.84%
Depreciation, Depletion And Amortization $11.90M $2.600M $9.000M
YoY Change 32.22% 23.81% 23.29%
Cash From Operating Activities $142.5M $56.20M $139.9M
YoY Change 1.87% 107.38% 56.43%
INVESTING ACTIVITIES
Capital Expenditures $113.8M -$5.100M $16.75M
YoY Change 579.23% 155.0% -11.5%
Acquisitions $3.423M
YoY Change
Other Investing Activities $35.40M -$42.20M -$66.50M
YoY Change -153.23% 219.7% 39.41%
Cash From Investing Activities -$78.79M -$47.30M -$84.62M
YoY Change -6.89% 211.18% 26.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.012M
YoY Change
Debt Paid & Issued, Net $15.94M
YoY Change
Cash From Financing Activities -9.246M -4.900M -17.96M
YoY Change -48.52% 40.0% 69.74%
NET CHANGE
Cash From Operating Activities 142.5M 56.20M 139.9M
Cash From Investing Activities -78.79M -47.30M -84.62M
Cash From Financing Activities -9.246M -4.900M -17.96M
Net Change In Cash 54.48M 4.000M 37.31M
YoY Change 46.03% -52.38% 211.9%
FREE CASH FLOW
Cash From Operating Activities $142.5M $56.20M $139.9M
Capital Expenditures $113.8M -$5.100M $16.75M
Free Cash Flow $28.76M $61.30M $123.1M
YoY Change -76.65% 110.65% 74.67%

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CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
688379
CY2013Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
10767
CY2013Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
11237
CY2013Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
6313869
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
30679220
CY2013Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
13348861
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
121562193
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
3769045
CY2013Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
2489819
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3089113
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
224165609
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-87455970
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
CY2013Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
4000000
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
23182811
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-87481437
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3699109
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
343483608
CY2013Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
5339359
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4670303
CY2013Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
17854110
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
44153
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
592362773
CY2013Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
3330108
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
5339359
CY2013Q4 us-gaap Liabilities
Liabilities
244879165
CY2013Q4 us-gaap Payables To Customers
PayablesToCustomers
129038663
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
268740
CY2013Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
20713556
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2811926
CY2013Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
29634815
CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
19045785
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
162051129
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1353495
CY2013Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
266198538
CY2013Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7666353
CY2013Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
3500000
CY2013Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
668659
CY2013Q4 us-gaap Long Term Investments
LongTermInvestments
45719737
CY2013Q4 us-gaap Assets Current
AssetsCurrent
326164235
CY2013Q4 us-gaap Goodwill
Goodwill
55101218
CY2013Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
75317926
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6591585
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
24399184
CY2013Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3836081
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2451524
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
634836
CY2013Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
DeferredTaxAssetsUnrealizedCurrencyLosses
22714
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
22134898
CY2013Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
66677156
CY2013Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
3014905
CY2013Q4 us-gaap Assets
Assets
592362773
CY2013Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
225534
CY2013Q4 us-gaap Noncurrent Assets
NoncurrentAssets
122240132
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
140285104
CY2013Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
44879064
CY2013Q4 us-gaap Short Term Investments
ShortTermInvestments
76593214
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
13706426
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
25884260
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
540833
CY2013Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
147263
CY2013Q4 us-gaap Credit And Debit Card Receivables At Carrying Value
CreditAndDebitCardReceivablesAtCarryingValue
0
CY2013Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
52045851
CY2013Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
61692803
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
11488845
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
177826
CY2013Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
75354552
CY2013Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
16030880
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1012216
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
8210283
CY2013Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
2451524
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
131371909
CY2013Q4 meli Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
9185269
CY2013Q4 meli Income Tax Loss Carry Forward In Three Year
IncomeTaxLossCarryForwardInThreeYear
373710
CY2013Q4 meli Estimated Tax Loss On Unrealized Gains On Investments
EstimatedTaxLossOnUnrealizedGainsOnInvestments
11159
CY2013Q4 meli Income Tax Loss Carry Forward In Four Year
IncomeTaxLossCarryForwardInFourYear
CY2013Q4 meli Deferred Tax Liabilities Outside Basis Dividends
DeferredTaxLiabilitiesOutsideBasisDividends
668659
CY2013Q4 meli Cash Cash Equivalents And Short And Long Term Investments
CashCashEquivalentsAndShortAndLongTermInvestments
262598055
CY2013Q4 meli Minimum Purchase Price For Sale Bonus And Stay Bonus
MinimumPurchasePriceForSaleBonusAndStayBonus
20000000
CY2013Q4 meli Liability Related To Lease Contracts
LiabilityRelatedToLeaseContracts
21962
CY2013Q4 meli Percentage Increase In Cumulative Inflation Rate
PercentageIncreaseInCumulativeInflationRate
1.00 pure
CY2013Q4 meli Available For Sale Securities Debt Maturities One To Two Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesOneToTwoYearsFairValue
18959159
CY2013Q4 meli Provision Recognized
ProvisionRecognized
0
CY2013Q4 meli Minimum Purchase Price For Stay Bonus
MinimumPurchasePriceForStayBonus
20000000
CY2013Q4 meli Deferred Tax Assets Accounts Payable And Accrued Expenses
DeferredTaxAssetsAccountsPayableAndAccruedExpenses
2014026
CY2013Q4 meli Deferred Tax Assets Tax Deferred Expense Provisions
DeferredTaxAssetsTaxDeferredExpenseProvisions
3553360
CY2013Q4 meli Income Tax Loss Carry Forwards Current
IncomeTaxLossCarryForwardsCurrent
3622
CY2013Q4 meli Fine Against Companys Subsidiaries
FineAgainstCompanysSubsidiaries
3500000
CY2013Q4 meli Net Assets Of Subsidiaries As Percentage Of Consolidated Net Assets
NetAssetsOfSubsidiariesAsPercentageOfConsolidatedNetAssets
0.188 pure
CY2013Q4 meli Maximum Amount Paid By Purchaser
MaximumAmountPaidByPurchaser
78335000
CY2013Q4 meli Retained Earnings Accumulated
RetainedEarningsAccumulated
310345448
CY2013Q4 meli Available For Sale Securities Debt Maturities Three To Four Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesThreeToFourYearsFairValue
9266503
CY2013Q4 meli Income Tax Loss Carry Forward In Two Year
IncomeTaxLossCarryForwardInTwoYear
843246
CY2013Q4 meli Loss Contingency Pending Cases Related To Consumer Courts
LossContingencyPendingCasesRelatedToConsumerCourts
3149 LegalMatter
CY2013Q4 meli Deferred Tax Assets Payroll And Social Security Payable
DeferredTaxAssetsPayrollAndSocialSecurityPayable
3960481
CY2013Q4 meli Available For Sale Securities Debt Maturities Four To Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesFourToFiveYearsFairValue
4367250
CY2013Q4 meli Other Countries Long Lived Tangible And Intangible Assets
OtherCountriesLongLivedTangibleAndIntangibleAssets
183922432
CY2013Q4 meli Accumulated Other Comprehensive Income Loss Tax
AccumulatedOtherComprehensiveIncomeLossTax
-11159
CY2013Q4 meli Available For Sale Securities Debt Maturities Two To Three Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesTwoToThreeYearsFairValue
13126825
CY2013Q4 meli Foreign Currency Exchange Rate Remeasuring Transactions
ForeignCurrencyExchangeRateRemeasuringTransactions
6.30 ExchangeRate
CY2013Q4 meli Aggregate Amount For Legal Actions For Which No Loss Amount Has Been Accrued
AggregateAmountForLegalActionsForWhichNoLossAmountHasBeenAccrued
4013435
CY2013Q4 meli Income Tax Loss Carryforwards Thereafter
IncomeTaxLossCarryforwardsThereafter
1859185
CY2013Q4 meli Deferred Tax Assets Taxes Payable
DeferredTaxAssetsTaxesPayable
1058659
CY2013Q4 meli Intangible Assets And Goodwill Gross
IntangibleAssetsAndGoodwillGross
11261888
CY2013Q4 meli Net Cash And Investments Of Subsidiaries As Percentage Of Cash And Investments
NetCashAndInvestmentsOfSubsidiariesAsPercentageOfCashAndInvestments
0.098 pure
CY2013Q4 meli Entity Wide Disclosure On Geographic Areas Goodwill And Intangible Assets In Foreign Countries
EntityWideDisclosureOnGeographicAreasGoodwillAndIntangibleAssetsInForeignCountries
61682300
CY2013Q4 meli Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
29808
CY2013Q4 meli Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
66434
CY2013Q4 meli Finite Lived Intangible Assets Amortization Expense After Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearThree
CY2013Q4 meli Income Tax Loss Carryforward Without Due Dates
IncomeTaxLossCarryforwardWithoutDueDates
4586590
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
44153892 shares
CY2011Q3 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
0.60 pure
CY2011Q3 meli Right To Acquire Remaining Percentage Of Acquisition
RightToAcquireRemainingPercentageOfAcquisition
0.40 pure
CY2013Q2 dei Entity Public Float
EntityPublicFloat
3470000342
CY2012Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2013-01-15
CY2012Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.109
CY2012Q4 meli Cash Dividend Distribution
CashDividendDistribution
4800000
CY2010Q3 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
6000
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44151437 shares
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.33 pure
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.73
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
8089 shares
CY2011 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
4951 shares
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
89425631
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44138397 shares
CY2011 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.14
CY2011Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2012-01-17
CY2011Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
CY2011Q4 meli Cash Dividend Distribution
CashDividendDistribution
3500000
CY2013Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2014-01-15
CY2013Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.143
CY2013Q4 meli Cash Dividend Distribution
CashDividendDistribution
6300000
CY2011Q3 meli Business Acquisition Purchase Price Consideration Description
BusinessAcquisitionPurchasePriceConsiderationDescription
According to the signed agreement, the price for the remaining 40% interest call or put options will be determined by the greater of (i) $4,000,000 and (ii) the amount resulting from multiplying (A) the percentage of the seller's interests as of the exercise date of the call/put option by (B) an amount equal to 3.5 times the amount of invoiced sales of such company for the twelve months period ending on the exercise date.
CY2013Q2 meli Area Of Office Buildings Acquired
AreaOfOfficeBuildingsAcquired
3918 sqm
CY2007Q4 us-gaap Income Tax Examination Estimate Of Possible Loss
IncomeTaxExaminationEstimateOfPossibleLoss
5900000
CY2013Q2 meli Area Of Office Buildings Acquired
AreaOfOfficeBuildingsAcquired
1158 sqm
CY2013Q2 meli Acquisition Agreement Amount
AcquisitionAgreementAmount
20002357
CY2013Q2 meli Acquisition Agreement Amount
AcquisitionAgreementAmount
126014852
CY2013Q4 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P50Y
CY2009 meli Average Closing Stock Price
AverageClosingStockPrice
13.81
CY2010 meli Payments For Non Adjustable Board Service Award
PaymentsForNonAdjustableBoardServiceAward
32436
CY2010 meli Average Closing Stock Price
AverageClosingStockPrice
45.75
CY2010 meli Fixed Cash Amount Used For Calculating Adjustable Award
FixedCashAmountUsedForCalculatingAdjustableAward
43248
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
4218 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
21591 shares
CY2011 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
-610853
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.73
CY2011 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.32
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
12273 shares
CY2011 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2353005
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
62135746
CY2011 us-gaap Gross Profit
GrossProfit
226875790
CY2011 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
61877872
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10593206
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
76780053
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5468180
CY2011 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
6497097
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
73894
CY2011 us-gaap Gains Losses On Sales Of Credit Card Portfolio
GainsLossesOnSalesOfCreditCardPortfolio
32566802
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11175
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
31050206
CY2011 us-gaap Investment Income Interest
InvestmentIncomeInterest
9905829
CY2011 us-gaap Profit Loss
ProfitLoss
76796339
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
6532978
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-14644307
CY2011 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
76169200
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
99772165
CY2011 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
280706
CY2011 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
436310
CY2011 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
6140713
CY2011 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
379044395
CY2011 us-gaap Interest Paid
InterestPaid
58559
CY2011 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
298931625
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
108456160
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-15797597
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9274653
CY2011 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
-2132063
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-14918467
CY2011 us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
1955723
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
49246
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18924161
CY2011 us-gaap Availableforsale Securities Gross Unrealized Gain Loss1
AvailableforsaleSecuritiesGrossUnrealizedGainLoss1
924657
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
924657
CY2011 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
99522
CY2011 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16286
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
10808788
CY2011 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2011 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-257874
CY2011 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
153349
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
38785083
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10582031
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1604230
CY2011 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
336835026
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1022797
CY2011 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
14124568
CY2011 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2011 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
3876
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
4079265
CY2011 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
570580
CY2011 us-gaap Depreciation And Amortization
DepreciationAndAmortization
7268075
CY2011 us-gaap Technology Services Costs
TechnologyServicesCosts
23349787
CY2011 meli Operating Expenses And Indirect Costs Of Net Revenues
OperatingExpensesAndIndirectCostsOfNetRevenues
42963350
CY2011 meli Payments For Non Adjustable Board Service Award
PaymentsForNonAdjustableBoardServiceAward
37703
CY2011 meli Average Closing Stock Price
AverageClosingStockPrice
65.41
CY2011 meli Number Of Trading Day Consider For Average Closing Price Of Stock
NumberOfTradingDayConsiderForAverageClosingPriceOfStock
P30D
CY2011 meli Income Tax Reconciliation Currency Translation
IncomeTaxReconciliationCurrencyTranslation
-916166
CY2011 meli Income Tax Reconciliation True Up
IncomeTaxReconciliationTrueUp
250888
CY2011 meli Deferred Income Tax Expense
DeferredIncomeTaxExpense
1773536
CY2011 meli Fixed Cash Amount Used For Calculating Adjustable Award
FixedCashAmountUsedForCalculatingAdjustableAward
50271
CY2011 meli Interest Expense And Other Financial Charges
InterestExpenseAndOtherFinancialCharges
3648733
CY2011 meli Net Income Attributable To Common Stock Holders Basic
NetIncomeAttributableToCommonStockHoldersBasic
76169200
CY2011 meli Increase Decrease In Funds Payable To Customers
IncreaseDecreaseInFundsPayableToCustomers
27875755
CY2011 meli Current And Deferred Tax Expense Benefit
CurrentAndDeferredTaxExpenseBenefit
31621729
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
10551211
CY2011 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
64968755
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
35727808
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2114486
CY2011 us-gaap Cost Of Revenue
CostOfRevenue
72055835
CY2011 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4406287
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-66882416
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
45527
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2528463
CY2011 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
490838
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11175
CY2011 us-gaap Proceeds From Other Operating Activities
ProceedsFromOtherOperatingActivities
4177168
CY2011 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1038096
CY2011 us-gaap Direct Operating Costs
DirectOperatingCosts
156196110
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
29848193
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-340950
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2275171
CY2011 us-gaap Advertising Expense
AdvertisingExpense
19914755
CY2011 us-gaap Operating Expenses
OperatingExpenses
127103625
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31659821
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1409973
CY2011 meli Direct Contribution
DirectContribution
142735515
CY2011 meli Diluted Weighted Average Number Of Shares Outstanding
DilutedWeightedAverageNumberOfSharesOutstanding
44138397 shares
CY2011 meli Cash Dividend Distribution
CashDividendDistribution
14100000
CY2011 meli Total Purchase Price Of Acquisitions
TotalPurchasePriceOfAcquisitions
5472056
CY2011 meli Increase Decrease In Funds Receivable From Customers
IncreaseDecreaseInFundsReceivableFromCustomers
19494707
CY2011 meli Revenues And Operating Costs Generated In Foreign Operations
RevenuesAndOperatingCostsGeneratedInForeignOperations
0.997 pure
CY2011 meli Taxes On Revenues Net
TaxesOnRevenuesNet
21387561
CY2011 meli Income Tax Reconciliation Business Combination
IncomeTaxReconciliationBusinessCombination
CY2011 meli Noncash Or Part Noncash Acquisition Noncontrolling Interests Assumed
NoncashOrPartNoncashAcquisitionNoncontrollingInterestsAssumed
3648037
CY2011 meli Noncash Or Part Noncash Acquisition Net Assets Acquired
NoncashOrPartNoncashAcquisitionNetAssetsAcquired
153349
CY2011 meli Noncash Or Part Noncash Acquisition Goodwill Identifiable Intangible Assets And Deferred Tax Liabilities
NoncashOrPartNoncashAcquisitionGoodwillIdentifiableIntangibleAssetsAndDeferredTaxLiabilities
8966744
CY2011 meli Accrued Interest From Investments
AccruedInterestFromInvestments
7354746
CY2013 dei Entity Registrant Name
EntityRegistrantName
MERCADOLIBRE INC
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001099590
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
9644
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.66
CY2013 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2014-04-15
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44152600 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.66
CY2013 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 6pt"> </p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left"><b>1.</b></td> <td valign="top" align="left"><b>Nature of Business</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 6pt"> MercadoLibre, Inc. (&#x201C;MercadoLibre&#x201D; or the &#x201C;Company&#x201D;) was incorporated in Delaware in October 1999. MercadoLibre is a Latin American e-commerce and payments-platform. MercadoLibre is an e-commerce enabler whose mission is to build the necessary online and technology tools to allow practically anyone to trade almost anything in Latin America. MercadoLibre enables commerce through its marketplace platform (including online classifieds for motor vehicles, vessels, aircraft, services and real estate), a Latin American online marketplace, which allows users to buy and sell in most of the Latin America country&#x2019;s; through MercadoPago, which enables individuals and businesses to send and receive online payments; through MercadoClics, which facilitates the advertising service to large retailers and brands to promote their product and services on the web; and through MercadoShops which facilitates users to set-up, manage promote their own on-line web-stores. Additionally, during 2013 the Company launched the MercadoEnvios service, to facilitate the shipping of goods from sellers to buyers.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 6pt"> As of December&#xA0;31, 2013, the Company, through its wholly-owned subsidiaries, operated online commerce platforms directed towards Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Panama, Peru, Portugal, Uruguay and Venezuela, and online payments solutions directed towards Argentina, Brazil, Mexico, Venezuela, Chile and Colombia. In addition, the Company operates a real estate classified platform that covers some areas of State of Florida, U.S.A.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 6pt"> MercadoPago is currently available to users in each of Argentina, Brazil, Chile, Colombia, Mexico and Venezuela.</p> </div>
CY2013 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 18pt"> <b>Provision for chargebacks</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 6pt"> The Company is exposed to losses due to credit card fraud and other payment misuse. Provisions for these items represent our estimate of actual losses based on our historical experience, as well as economic conditions.</p> </div>
CY2013 us-gaap Common Stock Voting Rights
CommonStockVotingRights
The board of directors (the "Board") may declare that any shares of stock above such 20% do not have voting rights
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
142513361
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.50
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44152600 shares
CY2013 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.26
CY2013 us-gaap Income Tax Holiday Description
IncomeTaxHolidayDescription
From fiscal year 2008 through fiscal year 2014, the Company’s Argentine subsidiary has been a beneficiary of a software development law. Part of the benefits obtained from being a beneficiary of the aforementioned law is a relief of 60% of total income tax determined in each year, thus resulting in an effective tax rate in Argentina lower than the income tax law statutory rate. The law expires during 2014.
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2013 shares
CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 0pt"> <b>Concentration of credit risk</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 6pt"> Cash and cash equivalents, short-term and long-term investments, credit card receivables and accounts receivable are potentially subject to concentration of credit risk. Cash and cash equivalents and investments are placed with financial institutions that management believes are of high credit quality. Accounts receivable are derived from revenue earned from customers located internationally. Accounts receivable balances are settled through customer credit cards, debit cards, and MercadoPago accounts, with the majority of accounts receivable collected upon processing of credit card transactions. The Company maintains an allowance for doubtful accounts and credit cards receivables based upon its historical experience and current aging of customers. Historically, such charges have been within management expectations. However, unexpected or significant future changes in trends could result in a material impact to future statements of income or cash flows. Due to the relatively small dollar amount of individual accounts receivable, the Company generally does not require collateral on these balances. The allowance for doubtful accounts is recorded as a charge to operating expense.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 6pt"> During the years ended December&#xA0;31, 2013, 2012 and 2011, no single customer accounted for more than 5% of net revenues. As of December&#xA0;31, 2013 and 2012, no single customer accounted for more than 5% of accounts receivables.</p> </div>
CY2013 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1258476
CY2013 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.572
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 0pt"> <b>Use of estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 6pt"> The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are used for, but not limited to accounting for allowance for doubtful accounts and chargeback provisions, depreciation, amortization, recoverability of goodwill and intangible assets with indefinite useful lives, useful lives of long-lived assets, impairment of short-term and long-term investments, compensation costs relating to the Company&#x2019;s long term retention plan, recognition of income taxes and contingencies. Actual results could differ from those estimates.</p> </div>
CY2013 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2014-03-31
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
78834596
CY2013 us-gaap Gross Profit
GrossProfit
342517830
CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
78820551
CY2013 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
23754005
CY2013 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
143071
CY2013 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
2191781
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
117507438
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3423439
CY2013 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
12321790
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-751
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
15936551
CY2013 us-gaap Gains Losses On Sales Of Credit Card Portfolio
GainsLossesOnSalesOfCreditCardPortfolio
49735842
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3020
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
55995590
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
10668593
CY2013 us-gaap Profit Loss
ProfitLoss
117526263
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
23127493
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-38672842
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
117517082
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
153539055
CY2013 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
458804
CY2013 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
2074543
CY2013 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
11592825
CY2013 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1135940553
CY2013 us-gaap Interest Paid
InterestPaid
657776
CY2013 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
472594709
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
163109444
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-37971615
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
22764177
CY2013 us-gaap Noncash Or Part Noncash Acquisition Employee Benefit Liabilities Assumed1
NoncashOrPartNoncashAcquisitionEmployeeBenefitLiabilitiesAssumed1
123098
CY2013 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
-1414915
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-38705712
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
58492
CY2013 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-37913278
CY2013 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
445714
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1012225
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
113755566
CY2013 us-gaap Availableforsale Securities Gross Unrealized Gain Loss1
AvailableforsaleSecuritiesGrossUnrealizedGainLoss1
25467
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
25467
CY2013 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
94367
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18825
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
26037488
CY2013 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2013 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
5800
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2668661
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-14045
CY2013 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
683605
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
57606340
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9246148
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
736910
CY2013 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
759564
CY2013 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
6420929
CY2013 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
1174789615
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7847513
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
25255478
CY2013 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2013 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
31058
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
11645077
CY2013 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
953638
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1012225
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
11878565
CY2013 us-gaap Technology Services Costs
TechnologyServicesCosts
40888139
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
38796102
CY2013 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
90484296
CY2013 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-7933506
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
55241195
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
799166
CY2013 us-gaap Cost Of Revenue
CostOfRevenue
130076879
CY2013 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
11645077
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-78788747
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
759564
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1777180
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2986452
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3020
CY2013 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
375939
CY2013 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
5300
CY2013 us-gaap Proceeds From Other Operating Activities
ProceedsFromOtherOperatingActivities
11473203
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
31453613
CY2013 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
781074
CY2013 us-gaap Direct Operating Costs
DirectOperatingCosts
246391578
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
49488472
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-4913379
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3043604
CY2013 us-gaap Advertising Expense
AdvertisingExpense
31594894
CY2013 us-gaap Operating Expenses
OperatingExpenses
188978775
CY2013 us-gaap Noncash Or Part Noncash Acquisition Accounts Receivable Acquired1
NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1
537706
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45583181
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-15682364
CY2013 meli Percentage Of Share Having No Voting Right
PercentageOfShareHavingNoVotingRight
0.20 pure
CY2013 meli Estimated Officers Compensation
EstimatedOfficersCompensation
1650000
CY2013 meli Business Acquisition Purchase Price Consideration Description
BusinessAcquisitionPurchasePriceConsiderationDescription
The total consideration to be paid shall be the greater of (i) $4,000,000 and (ii) the amount resulting from multiplying (A) the percentage of the membership interest held by Hasteny as of the date of the Call Notice by (B) an amount equal to 3.5 times the amount of invoiced sales of the Acquired Business for the twelve months period ending on the date of Call Notice.
CY2013 meli Direct Contribution
DirectContribution
226203131
CY2013 meli Period Of Non Compete Agreements
PeriodOfNonCompeteAgreements
P5Y
CY2013 meli Long Term Retention Plan Additional Compensation Payable In Cash And Shares Year Three
LongTermRetentionPlanAdditionalCompensationPayableInCashAndSharesYearThree
0.27 pure
CY2013 meli Capitalized Website Development Additions
CapitalizedWebsiteDevelopmentAdditions
5387385
CY2013 meli Period Of Consideration For Involuntary Termination Of Employee
PeriodOfConsiderationForInvoluntaryTerminationOfEmployee
12 months
CY2013 meli Diluted Weighted Average Number Of Shares Outstanding
DilutedWeightedAverageNumberOfSharesOutstanding
44152600 shares
CY2013 meli Net Income From Acquired Companies
NetIncomeFromAcquiredCompanies
7562
CY2013 meli Business Acquisition Rights Of Buyer Description
BusinessAcquisitionRightsOfBuyerDescription
On such same date, the Buyer paid and agreed to pay the purchase price as follows i) $2,191,781 in cash; ii) set an escrow amounting to $489,237 for a 24-months period, aiming to cover unexpected liabilities and negative working capital; iii) set an escrow amounting to $547,945 for a 36-months period, aiming to continue the employment relationship of certain key employees; and iv) on June 24, 2013 the Company paid the remaining $225,534 net of certain negative working capital adjustments.
CY2013 meli Cash Dividend Distribution
CashDividendDistribution
25200000
CY2013 meli Total Purchase Price Of Acquisitions
TotalPurchasePriceOfAcquisitions
3454497
CY2013 meli Number Of Quotas For Payment Under Long Term Retention Plan
NumberOfQuotasForPaymentUnderLongTermRetentionPlan
6 Quotas
CY2013 meli Percentage On Relief Of Income Tax
PercentageOnReliefOfIncomeTax
0.60 pure
CY2013 meli Long Term Retention Plan Additional Compensation Payable In Cash And Shares Year One
LongTermRetentionPlanAdditionalCompensationPayableInCashAndSharesYearOne
0.17 pure
CY2013 meli Long Term Retention Plan Additional Compensation Payable In Cash And Shares Year Two
LongTermRetentionPlanAdditionalCompensationPayableInCashAndSharesYearTwo
0.22 pure
CY2013 meli Average Discount Rate Current Year
AverageDiscountRateCurrentYear
0.136 pure
CY2013 meli Estimated Performance Based Bonus
EstimatedPerformanceBasedBonus
1400000
CY2013 meli Ltrp Shares Issued
LtrpSharesIssued
1031933
CY2013 meli Increase Decrease In Funds Receivable From Customers
IncreaseDecreaseInFundsReceivableFromCustomers
27315403
CY2013 meli Revenues And Operating Costs Generated In Foreign Operations
RevenuesAndOperatingCostsGeneratedInForeignOperations
0.996 pure
CY2013 meli Operating Expenses And Indirect Costs Of Net Revenues
OperatingExpensesAndIndirectCostsOfNetRevenues
72664076
CY2013 meli Payments For Non Adjustable Board Service Award
PaymentsForNonAdjustableBoardServiceAward
50000
CY2013 meli Average Closing Stock Price
AverageClosingStockPrice
79.57
CY2013 meli Number Of Trading Day Consider For Average Closing Price Of Stock
NumberOfTradingDayConsiderForAverageClosingPriceOfStock
P30D
CY2013 meli Long Term Retention Plan Additional Compensation Payable In Cash And Shares Year Four
LongTermRetentionPlanAdditionalCompensationPayableInCashAndSharesYearFour
0.34 pure
CY2013 meli Income Tax Reconciliation Currency Translation
IncomeTaxReconciliationCurrencyTranslation
-1552169
CY2013 meli Income Tax Reconciliation True Up
IncomeTaxReconciliationTrueUp
43312
CY2013 meli Percentage Quotas In Each Installment Under Long Term Retention Plan
PercentageQuotasInEachInstallmentUnderLongTermRetentionPlan
0.1667 pure
CY2013 meli Deferred Income Tax Expense
DeferredIncomeTaxExpense
-4114213
CY2013 meli Net Revenue From Acquired Companies
NetRevenueFromAcquiredCompanies
524965
CY2013 meli Fixed Cash Amount Used For Calculating Adjustable Award
FixedCashAmountUsedForCalculatingAdjustableAward
70000
CY2013 meli Interest Expense And Other Financial Charges
InterestExpenseAndOtherFinancialCharges
2355929
CY2013 meli Undistributed Earnings Foreign Subsidiaries
UndistributedEarningsForeignSubsidiaries
155300000
CY2013 meli Decrease In Valuation Allowance
DecreaseInValuationAllowance
156851
CY2013 meli Percentage Of Sale Bonus As Per Purchase Price
PercentageOfSaleBonusAsPerPurchasePrice
0.055 pure
CY2013 meli Percentage Base For Calculation Of Quotas Under Long Term Retention Plan
PercentageBaseForCalculationOfQuotasUnderLongTermRetentionPlan
0.08333 pure
CY2013 meli Stock Based Compensation
StockBasedCompensation
58492
CY2013 meli Number Of Trading Days Consider For Average Closing Price
NumberOfTradingDaysConsiderForAverageClosingPrice
P60D
CY2013 meli Percentage Of Stay Bonus As Per Purchase Price
PercentageOfStayBonusAsPerPurchasePrice
0.071 pure
CY2013 meli Net Income Attributable To Common Stock Holders Basic
NetIncomeAttributableToCommonStockHoldersBasic
117517082
CY2013 meli Common Stock Voting Entitlement Rights
CommonStockVotingEntitlementRights
1 Vote
CY2013 meli Increase Decrease In Funds Payable To Customers
IncreaseDecreaseInFundsPayableToCustomers
47557504
CY2013 meli Current And Deferred Tax Expense Benefit
CurrentAndDeferredTaxExpenseBenefit
45374259
CY2013 meli Per Defendant Per Day Of Alleged Noncompliance
PerDefendantPerDayOfAllegedNoncompliance
5300
CY2013 meli Long Term Retention Plan Each Quota Calculation Term
LongTermRetentionPlanEachQuotaCalculationTerm
8.333% is adjusted by multiplying the nominal amount by the average closing stock price for the last 60 trading days of the year previous to the payment date and divided by the average closing stock price for the last 60 trading days of 2012. The average closing stock price for the 2013 LTRP amounted to $79.57 ("the variable share").
CY2013 meli Taxes On Revenues Net
TaxesOnRevenuesNet
28388734
CY2013 meli Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
11159
CY2013 meli Reclassification From Accumulated Other Comprehensive Income Current Period Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodTax
387098
CY2013 meli Finite Lived Intangible Asset Remaining Amortization Period
FiniteLivedIntangibleAssetRemainingAmortizationPeriod
Five year
CY2013 meli Increase In Deferred Tax Valuation Allowance
IncreaseInDeferredTaxValuationAllowance
290561
CY2013 meli Income Tax Reconciliation Business Combination
IncomeTaxReconciliationBusinessCombination
34706
CY2013 meli Noncash Or Part Noncash Acquisition Other Current Assets Acquired
NoncashOrPartNoncashAcquisitionOtherCurrentAssetsAcquired
14674
CY2013 meli Noncash Or Part Noncash Acquisition Taxes Payable
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179545
CY2013 meli Noncash Or Part Noncash Acquisition Net Assets Acquired
NoncashOrPartNoncashAcquisitionNetAssetsAcquired
237891
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HighlyLiquidInvestmentsMaturityPeriodDescription
Three months or less
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P180D
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547945
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P1Y6M
CY2012 us-gaap Minority Interest Period Increase Decrease
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359398
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2.30
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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44149838 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.33 pure
CY2012 us-gaap Earnings Per Share Basic
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2.30
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1977 shares
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139891389
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.50
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44147861 shares
CY2012 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.21
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3800 shares
CY2012 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.436
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
17373 shares
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
11597
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
89507516
CY2012 us-gaap Gross Profit
GrossProfit
275515850
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
89861843
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17968004
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
101247298
CY2012 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
9852468
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-190938
CY2012 us-gaap Gains Losses On Sales Of Credit Card Portfolio
GainsLossesOnSalesOfCreditCardPortfolio
39502228
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5700
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
38837721
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
11877375
CY2012 us-gaap Profit Loss
ProfitLoss
101346147
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5809218
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-11739782
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
101606696
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
129657871
CY2012 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1390654
CY2012 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
898959
CY2012 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
9204773
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PaymentsToAcquireInvestments
539355434
CY2012 us-gaap Interest Paid
InterestPaid
68916
CY2012 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
373601494
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
140217526
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-11319211
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8651951
CY2012 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
-847798
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-11484304
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11036
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16747746
CY2012 us-gaap Availableforsale Securities Gross Unrealized Gain Loss1
AvailableforsaleSecuritiesGrossUnrealizedGainLoss1
759564
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
759564
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
98849
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
18061683
CY2012 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
354327
CY2012 meli Capitalized Website Development Additions
CapitalizedWebsiteDevelopmentAdditions
3970717
CY2012 meli Diluted Weighted Average Number Of Shares Outstanding
DilutedWeightedAverageNumberOfSharesOutstanding
44147861 shares
CY2012 meli Cash Dividend Distribution
CashDividendDistribution
19200000
CY2012 meli Number Of Quotas For Payment Under Long Term Retention Plan
NumberOfQuotasForPaymentUnderLongTermRetentionPlan
8 Quotas
CY2012 meli Increase Decrease In Funds Receivable From Customers
IncreaseDecreaseInFundsReceivableFromCustomers
15570142
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
45228145
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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-17962304
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
572790
CY2012 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
472871652
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-492362
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
19249040
CY2012 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
4442822
CY2012 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
582562
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
8959293
CY2012 us-gaap Technology Services Costs
TechnologyServicesCosts
28626880
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
34107325
CY2012 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
72002954
CY2012 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-1727885
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
46593938
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
998536
CY2012 us-gaap Cost Of Revenue
CostOfRevenue
98085644
CY2012 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4453858
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-84622182
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
924657
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1657662
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1153610
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5700
CY2012 us-gaap Proceeds From Other Operating Activities
ProceedsFromOtherOperatingActivities
5091468
CY2012 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
891661
CY2012 us-gaap Direct Operating Costs
DirectOperatingCosts
190483230
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
39371170
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1586024
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2441866
CY2012 us-gaap Advertising Expense
AdvertisingExpense
18764629
CY2012 us-gaap Operating Expenses
OperatingExpenses
145857979
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
38871379
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-3199578
CY2012 meli Direct Contribution
DirectContribution
183118264
CY2012 meli Revenues And Operating Costs Generated In Foreign Operations
RevenuesAndOperatingCostsGeneratedInForeignOperations
0.995 pure
CY2012 meli Operating Expenses And Indirect Costs Of Net Revenues
OperatingExpensesAndIndirectCostsOfNetRevenues
53460393
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44142076 shares
CY2012Q1 us-gaap Gross Profit
GrossProfit
62639709
CY2012 meli Payments For Non Adjustable Board Service Award
PaymentsForNonAdjustableBoardServiceAward
43826
CY2012 meli Average Closing Stock Price
AverageClosingStockPrice
77.77
CY2012 meli Income Tax Reconciliation Currency Translation
IncomeTaxReconciliationCurrencyTranslation
-1213340
CY2012 meli Income Tax Reconciliation True Up
IncomeTaxReconciliationTrueUp
177302
CY2012 meli Percentage Quotas In Each Installment Under Long Term Retention Plan
PercentageQuotasInEachInstallmentUnderLongTermRetentionPlan
0.1250 pure
CY2012 meli Deferred Income Tax Expense
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-587488
CY2012 meli Fixed Cash Amount Used For Calculating Adjustable Award
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58435
CY2012 meli Interest Expense And Other Financial Charges
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1138379
CY2012 meli Decrease In Valuation Allowance
DecreaseInValuationAllowance
240653
CY2012 meli Percentage Base For Calculation Of Quotas Under Long Term Retention Plan
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0.06250 pure
CY2012 meli Number Of Trading Days Consider For Average Closing Price
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P60D
CY2012 meli Net Income Attributable To Common Stock Holders Basic
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101606696
CY2012 meli Increase Decrease In Funds Payable To Customers
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39889201
CY2012 meli Current And Deferred Tax Expense Benefit
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38783682
CY2012 meli Taxes On Revenues Net
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22529191
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581233
CY2012 meli Income Tax Reconciliation Business Combination
IncomeTaxReconciliationBusinessCombination
CY2012 meli Accrued Interest From Investments
AccruedInterestFromInvestments
7630203
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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44147667 shares
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44131383 shares
CY2011Q1 us-gaap Gross Profit
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47127964
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SalesRevenueServicesNet
61459668
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NetIncomeLoss
14057634
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44151357 shares
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44151323 shares
CY2013Q1 us-gaap Gross Profit
GrossProfit
74076580
CY2013Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
102725747
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
17522591
CY2013Q1 meli Loss Related To Venezuela Currency Devaluation
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6400000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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44152296 shares
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44138105 shares
CY2011Q2 us-gaap Gross Profit
GrossProfit
52439042
CY2011Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
69378160
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14820826
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0.45
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44147796 shares
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EarningsPerShareDiluted
0.57
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WeightedAverageNumberOfDilutedSharesOutstanding
44152133 shares
CY2012Q2 us-gaap Earnings Per Share Basic
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0.57
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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44147999 shares
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64951178
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SalesRevenueServicesNet
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25394824
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44152933 shares
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44152933 shares
CY2013Q2 us-gaap Gross Profit
GrossProfit
81106149
CY2013Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
112183360
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
30021018
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2011Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2011Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44142020 shares
CY2011Q4 us-gaap Gross Profit
GrossProfit
65741114
CY2011Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
86465653
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
21621431
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44152895 shares
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44150920 shares
CY2012Q4 us-gaap Gross Profit
GrossProfit
76351784
CY2012Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
103754645
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
30246388
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44153185 shares
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44153185 shares
CY2013Q4 us-gaap Gross Profit
GrossProfit
98424659
CY2013Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
134630171
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
40836407
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44151218 shares
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
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61567671
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26296449
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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44157321 shares
CY2012Q3 us-gaap Earnings Per Share Basic
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0.59
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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44150387 shares
CY2012Q3 us-gaap Gross Profit
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71573179
CY2012Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
97266784
CY2012Q3 us-gaap Net Income Loss
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26067897
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44152933 shares
CY2013Q3 us-gaap Gross Profit
GrossProfit
88910442
CY2013Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
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NetIncomeLoss
29146247

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