$MELI
MERCADOLIBRE INC

2020 Q2 Form 10-Q Financial Statement

#000156276220000324 Filed on August 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $878.4M $545.2M
YoY Change 61.1% 62.58%
Cost Of Revenue $451.2M $272.8M
YoY Change 65.39% 55.33%
Gross Profit $427.2M $272.4M
YoY Change 56.8% 70.54%
Gross Profit Margin 48.63% 49.96%
Selling, General & Admin $254.5M $231.0M
YoY Change 10.17% 49.46%
% of Gross Profit 59.57% 84.79%
Research & Development $73.25M $53.92M
YoY Change 35.85% 61.27%
% of Gross Profit 17.15% 19.79%
Depreciation & Amortization $22.60M $17.30M
YoY Change 30.64% 50.43%
% of Gross Profit 5.29% 6.35%
Operating Expenses $327.7M $284.9M
YoY Change 15.03% 51.56%
Operating Profit $99.44M -$12.49M
YoY Change -896.27% -55.78%
Interest Expense -$10.10M $19.80M
YoY Change -151.01% 112.9%
% of Operating Profit -10.16%
Other Income/Expense, Net
YoY Change
Pretax Income $89.34M $7.300M
YoY Change 1123.84% -138.52%
Income Tax $33.39M -$8.917M
% Of Pretax Income 37.38% -122.15%
Net Earnings $55.95M $16.22M
YoY Change 244.99% -244.14%
Net Earnings / Revenue 6.37% 2.97%
Basic Earnings Per Share $1.11 $0.31
Diluted Earnings Per Share $1.11 $0.31
COMMON SHARES
Basic Shares Outstanding 49.71M 49.32M
Diluted Shares Outstanding 49.71M 49.32M

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.294B $2.908B
YoY Change 13.29% 420.59%
Cash & Equivalents $1.170B $1.119B
Short-Term Investments $2.125B $1.789B
Other Short-Term Assets $94.04M $68.09M
YoY Change 38.12% -38.94%
Inventory $20.83M $5.950M
Prepaid Expenses $23.14M $18.62M
Receivables $42.42M $40.18M
Other Receivables $139.1M $192.9M
Total Short-Term Assets $4.755B $3.676B
YoY Change 29.33% 226.74%
LONG-TERM ASSETS
Property, Plant & Equipment $263.0M $216.0M
YoY Change 21.78% 90.82%
Goodwill $81.80M $90.38M
YoY Change -9.49%
Intangibles $15.94M $16.81M
YoY Change -5.15%
Long-Term Investments $5.800M $207.0M
YoY Change -97.2% 1715.79%
Other Assets $45.81M $46.06M
YoY Change -0.54% -72.39%
Total Long-Term Assets $698.2M $919.1M
YoY Change -24.03% 133.15%
TOTAL ASSETS
Total Short-Term Assets $4.755B $3.676B
Total Long-Term Assets $698.2M $919.1M
Total Assets $5.453B $4.595B
YoY Change 18.65% 202.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $417.8M $314.7M
YoY Change 32.76% 39.19%
Accrued Expenses $140.1M $92.00M
YoY Change 52.28% 84.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $591.7M $163.0M
YoY Change 263.01% 11.11%
Total Short-Term Liabilities $2.660B $1.450B
YoY Change 83.5% 48.65%
LONG-TERM LIABILITIES
Long-Term Debt $610.9M $619.7M
YoY Change -1.42% 85.87%
Other Long-Term Liabilities $15.83M $11.50M
YoY Change 37.6% -65.25%
Total Long-Term Liabilities $885.9M $901.4M
YoY Change -1.72% 145.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.660B $1.450B
Total Long-Term Liabilities $885.9M $901.4M
Total Liabilities $3.546B $2.351B
YoY Change 50.82% 72.26%
SHAREHOLDERS EQUITY
Retained Earnings $350.9M $524.7M
YoY Change -33.13%
Common Stock $50.00K $49.00K
YoY Change 2.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.440M
YoY Change
Treasury Stock Shares
Shareholders Equity $1.808B $2.146B
YoY Change
Total Liabilities & Shareholders Equity $5.453B $4.595B
YoY Change 18.65% 202.45%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $55.95M $16.22M
YoY Change 244.99% -244.14%
Depreciation, Depletion And Amortization $22.60M $17.30M
YoY Change 30.64% 50.43%
Cash From Operating Activities $650.4M $27.50M
YoY Change 2265.09% -80.93%
INVESTING ACTIVITIES
Capital Expenditures -$49.60M -$38.40M
YoY Change 29.17% 61.34%
Acquisitions
YoY Change
Other Investing Activities -$348.3M -$116.5M
YoY Change 198.97% -251.89%
Cash From Investing Activities -$397.9M -$154.8M
YoY Change 157.04% -392.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 164.9M -58.50M
YoY Change -381.88% -205.41%
NET CHANGE
Cash From Operating Activities 650.4M 27.50M
Cash From Investing Activities -397.9M -154.8M
Cash From Financing Activities 164.9M -58.50M
Net Change In Cash 417.4M -185.8M
YoY Change -324.65% -173.53%
FREE CASH FLOW
Cash From Operating Activities $650.4M $27.50M
Capital Expenditures -$49.60M -$38.40M
Free Cash Flow $700.0M $65.90M
YoY Change 962.22% -60.77%

Facts In Submission

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MercadoLibre, Inc.
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meli Other Comprehensive Income Loss Reclassification Adjustment From Aoci Net Of Tax
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meli Other Comprehensive Income Loss Reclassification Adjustment From Aoci Net Of Tax
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CY2019Q1 us-gaap Net Income Loss
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CY2019Q1 us-gaap Stockholders Equity
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CY2019Q2 us-gaap Preferred Stock Redemption Price Per Share
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us-gaap Net Income Loss
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34838000
us-gaap Net Income Loss
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28081000
us-gaap Foreign Currency Transaction Loss Before Tax
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29348000
us-gaap Foreign Currency Transaction Loss Before Tax
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us-gaap Depreciation And Amortization
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meli Accrued Interest From Investments
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meli Accrued Interest From Investments
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meli Convertible Bonds Accrued Interest And Amortization Of Debt Discount
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75568000
meli Convertible Bonds Accrued Interest And Amortization Of Debt Discount
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21826000
us-gaap Increase Decrease In Derivative Assets And Liabilities
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us-gaap Restricted Stock Expense
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366000
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us-gaap Stock Option Plan Expense
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Proceeds From Derivative Instrument Investing Activities
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
34000
meli Increase Decrease In Principal Loans Receivable Net
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39092000
meli Increase Decrease In Principal Loans Receivable Net
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Other Long Term Debt
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us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
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us-gaap Finance Lease Principal Payments
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1064000
us-gaap Finance Lease Principal Payments
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us-gaap Payments For Hedge Financing Activities
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us-gaap Payments For Hedge Financing Activities
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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CY2019Q4 us-gaap Deferred Revenue
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16590000
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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211934000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
663627000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1451424000
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
464695000
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1663358000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1128322000
us-gaap Nature Of Operations
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<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">1. </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">Nature of</span><span id="Notes" style="text-decoration: none;"/><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;"> Business</span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0.32in;margin-right: 0;margin-top: 10pt;text-align: justify;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">MercadoLibre, Inc. (“MercadoLibre” or the “Company”) was incorporated in the state of Delaware, in the United States of America in October 1999. MercadoLibre </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">is the largest online commerce ecosystem in Latin America</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">, serving as an integrated regional platform and as a provider of</span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> necessary online and</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> technology tools that allow businesses and individuals to trade products and services in the region. The Company enables commerce through its marketplace platform (including online classifieds for vehicles, services and real estate), which allows users to buy and sell in most of Latin America. </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0.32in;margin-right: 0;margin-top: 10pt;text-align: justify;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Through Mercado Pago, the FinTech solution, MercadoLibre enables individuals and businesses to send and receive online payments; through Mercado Envios, MercadoLibre facilitates the shipping of goods from sellers to buyers; through the advertising products, MercadoLibre facilitates advertising services for large retailers and brands to promote their product and services on the web; through Mercado Shops, MercadoLibre allows users to set-up, manage, and promote their own on-line web-stores under a subscription-based business model; through Mercado Credito, MercadoLibre extends loans to certain merchants and consumers; and through Mercado Fondo, MercadoLibre allows users to invest funds deposited in their Mercado Pago accounts. </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0.32in;margin-right: 0;margin-top: 10pt;text-align: justify;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">As of June 30, 2020, MercadoLibre, through its wholly-owned subsidiaries, operated online ecommerce platforms directed towards Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Peru, Mexico, Panama, Honduras, Nicaragua, El Salvador, Uruguay, Bolivia, Guatemala, Paraguay and Venezuela. Additionally, MercadoLibre operates its FinTech solution in Argentina, Brazil, Mexico, Colombia, Chile, Peru and Uruguay. It also offers a shipping solution directed towards Argentina, Brazil, Mexico, Colombia, Chile and Uruguay.</span></p>
CY2020Q2 meli Other Countries Long Lived Tangible And Intangible Assets
OtherCountriesLongLivedTangibleAndIntangibleAssets
360133000
CY2019Q4 meli Other Countries Long Lived Tangible And Intangible Assets
OtherCountriesLongLivedTangibleAndIntangibleAssets
345204000
CY2020Q2 meli Allowance For Doubtful Accounts Loan Receivables And Chargebacks
AllowanceForDoubtfulAccountsLoanReceivablesAndChargebacks
70790000
CY2019Q4 meli Allowance For Doubtful Accounts Loan Receivables And Chargebacks
AllowanceForDoubtfulAccountsLoanReceivablesAndChargebacks
38079000
CY2018Q4 us-gaap Deferred Revenue
DeferredRevenue
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us-gaap Deferred Revenue Revenue Recognized1
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8475000
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
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CY2020Q2 us-gaap Deferred Revenue
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meli Percentage On Relief Of Income Tax
PercentageOnReliefOfIncomeTax
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meli Percentage On Relief Of Payroll Tax
PercentageOnReliefOfPayrollTax
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us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.09
CY2019Q2 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.02
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
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11047000
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
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-508749000
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CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1343000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
2029000
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
3245000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
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-250000
CY2020Q2 us-gaap Aoci Including Portion Attributable To Noncontrolling Interest Tax
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1200000
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351000
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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AccumulatedOtherComprehensiveIncomeLossNetOfTax
-406671000
CY2019Q4 us-gaap Aoci Including Portion Attributable To Noncontrolling Interest Tax
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351000
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meli Other Comprehensive Income Loss Before Reclassification Adjustment Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-1590000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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4079000
us-gaap Other Comprehensive Income Loss Tax
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849000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-98690000
CY2020Q2 us-gaap Aoci Including Portion Attributable To Noncontrolling Interest Tax
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CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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us-gaap Use Of Estimates
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<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">Use of estimates</span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0.32in;margin-right: 0;margin-top: 10pt;text-align: justify;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The preparation of interim condensed 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 allowances for doubtful accounts and chargeback provisions, allowance for loans receivables, recoverability of goodwill, intangible assets with indefinite useful lives and deferred tax assets, impairment of short-term and long-term investments, impairment of long-lived assets, compensation costs relating to the Company’s long term retention program, fair value of convertible debt, fair value of investments, fair value of derivative instruments, recognition of income taxes and contingencies and determination of the incremental borrowing rate at commencement date of lease operating agreements. Actual results could differ from those estimates.</span></p>
us-gaap Earnings Per Share Basic
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0.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2020Q2 us-gaap Earnings Per Share Basic
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1.11
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EarningsPerShareDiluted
1.11
CY2019Q2 us-gaap Earnings Per Share Basic
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0.31
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us-gaap Net Income Loss
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34838000
us-gaap Net Income Loss
NetIncomeLoss
34838000
us-gaap Net Income Loss
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28081000
us-gaap Net Income Loss
NetIncomeLoss
28081000
CY2020Q2 us-gaap Net Income Loss
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55947000
CY2020Q2 us-gaap Net Income Loss
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55947000
CY2019Q2 us-gaap Net Income Loss
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16217000
CY2019Q2 us-gaap Net Income Loss
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us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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-5841000
us-gaap Redeemable Preferred Stock Dividends
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2000000
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
2000000
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
1000000
us-gaap Redeemable Preferred Stock Dividends
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RedeemablePreferredStockDividends
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RedeemablePreferredStockDividends
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CY2019Q2 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
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NetIncomeLossAvailableToCommonStockholdersBasic
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NetIncomeLossAvailableToCommonStockholdersDiluted
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NetIncomeLossAvailableToCommonStockholdersBasic
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WeightedAverageNumberOfSharesOutstandingBasic
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FinancingReceivableAllowanceForCreditLosses
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FinancingReceivableAllowanceForCreditLosses
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FinancingReceivableAllowanceForCreditLossesWriteOffs
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FinancingReceivableAllowanceForCreditLossesWriteOffs
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FinancingReceivableAllowanceForCreditLosses
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Goodwill
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Goodwill
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IntangibleAssetsAndGoodwillGross
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IntangibleAssetsAndGoodwillGross
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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Goodwill
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us-gaap Goodwill Acquired During Period
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Goodwill
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Goodwill
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GoodwillPurchaseAccountingAdjustments
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Goodwill
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AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2344000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
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FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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359000
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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DirectOperatingCosts
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Investment Income Interest
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InterestExpenseAndOtherFinancialCharges
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CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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InterestExpenseAndOtherFinancialCharges
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CY2019Q2 us-gaap Direct Operating Costs
DirectOperatingCosts
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CY2019Q2 meli Direct Contribution
DirectContribution
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CY2019Q2 meli Operating Expenses And Indirect Costs Of Net Revenues
OperatingExpensesAndIndirectCostsOfNetRevenues
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InvestmentIncomeInterest
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InterestExpenseAndOtherFinancialCharges
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CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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263041000
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IntangibleAssetsNetIncludingGoodwill
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IntangibleAssetsNetIncludingGoodwill
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1530460000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1385410000
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AssetsFairValueDisclosure
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LiabilitiesFairValueDisclosure
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LiabilitiesFairValueDisclosure
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AvailableForSaleSecuritiesAmortizedCost
2269151000
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AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1343000
CY2020Q2 meli Available For Sale Securities Debt Securities Financial Gains
AvailableForSaleSecuritiesDebtSecuritiesFinancialGains
11047000
CY2020Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2281541000
CY2019Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
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2085000
CY2019Q4 meli Available For Sale Securities Debt Securities Financial Gains
AvailableForSaleSecuritiesDebtSecuritiesFinancialGains
2437000
CY2019Q4 meli Available For Sale Securities Debt Securities Financial Losses
AvailableForSaleSecuritiesDebtSecuritiesFinancialLosses
142000
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2451797000
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AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
2281541000
CY2020Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2281541000
CY2020Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
7485000
CY2020Q2 meli Aggregate Amount For Legal Actions For Which No Loss Amount Has Been Accrued
AggregateAmountForLegalActionsForWhichNoLossAmountHasBeenAccrued
18944000
us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
0
meli Loss Contingency Deposits With Court Of Law
LossContingencyDepositsWithCourtOfLaw
42935000
CY2020Q2 meli Loss Contingency Interest Accrued On Settlement
LossContingencyInterestAccruedOnSettlement
4249000
meli Number Of Purchase Commitments Entered
NumberOfPurchaseCommitmentsEntered
2
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
51907000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
32208000
CY2020Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
36243000
CY2019Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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18767000
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ConvertibleDebtCurrent
6649000
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ConvertibleDebtCurrent
6649000
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FinanceLeaseLiabilityCurrent
1832000
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FinanceLeaseLiabilityCurrent
2008000
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CreditCardCollateralizedDebtCurrent
20028000
CY2019Q4 meli Credit Card Collateralized Debt Current
CreditCardCollateralizedDebtCurrent
17309000
CY2020Q2 meli Collateralized Financing Current
CollateralizedFinancingCurrent
45875000
CY2019Q4 meli Collateralized Financing Current
CollateralizedFinancingCurrent
43862000
CY2020Q2 meli Other Lines Of Credit Current
OtherLinesOfCreditCurrent
670000
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
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591683000
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186138000
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582306000
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569305000
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FinanceLeaseLiabilityNoncurrent
5804000
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CollateralizedFinancingNoncurrent
22789000
CY2019Q4 meli Collateralized Financing Noncurrent
CollateralizedFinancingNoncurrent
54680000
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
610899000
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
631353000
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PreferredStockParOrStatedValuePerShare
1000
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.04
meli Common Stock Convertible Conversion Price
CommonStockConvertibleConversionPrice
479.71
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
1965903000
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PaymentsOfStockIssuanceCosts
34097000
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OperatingLeaseRightOfUseAsset
186851000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
200449000
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OperatingLeaseLiability
193702000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
199932000
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P8Y
CY2020Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.13
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.17
us-gaap Lease Cost
LeaseCost
18721000
us-gaap Lease Cost
LeaseCost
13874000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1030000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
584000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
896000
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FinanceLeaseInterestExpense
489000
meli Finance Lease Cost
FinanceLeaseCost
1926000
meli Finance Lease Cost
FinanceLeaseCost
1073000
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2925000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
33951000
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1564000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
30656000
us-gaap Operating Lease Payments
OperatingLeasePayments
17540000
us-gaap Operating Lease Payments
OperatingLeasePayments
10219000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1064000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
889000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
28823000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
43018000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
790000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
3355000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
39493000
CY2020Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
3037000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
38056000
CY2020Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3037000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
35417000
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
283000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
106594000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
284167000
CY2020Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
10846000
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
90465000
CY2020Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3210000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
193702000
CY2019Q2 us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet
-1030000
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
7636000
CY2019Q2 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
69000
us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet
-1030000
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
21826000
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
69000
CY2020Q2 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
5059000
us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
1030000
CY2019Q2 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
1030000
meli Percent Of Revenue Increase From Prior Year
PercentOfRevenueIncreaseFromPriorYear
0.611
CY2020Q2 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
2763762000

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