$MELI
MERCADOLIBRE INC

2022 Q3 Form 10-Q Financial Statement

#000156276222000334 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $2.690B $2.597B $2.248B
YoY Change 44.82% 52.5% 63.13%
Cost Of Revenue $1.342B $1.313B $1.175B
YoY Change 27.7% 38.36% 49.3%
Gross Profit $1.348B $1.284B $1.073B
YoY Change 67.12% 70.29% 81.56%
Gross Profit Margin 50.11% 49.44% 47.73%
Selling, General & Admin $486.0M $469.0M $700.0M
YoY Change -4.43% 30.64% 87.17%
% of Gross Profit 36.05% 36.53% 65.24%
Research & Development $278.0M $262.0M $234.0M
YoY Change 101.93% 78.23% 85.71%
% of Gross Profit 20.62% 20.4% 21.81%
Depreciation & Amortization $97.00M $100.0M $84.00M
YoY Change 85.7% 116.8% 118.75%
% of Gross Profit 7.2% 7.79% 7.83%
Operating Expenses $1.052B $1.034B $934.0M
YoY Change 62.79% 75.85% 86.8%
Operating Profit $296.0M $250.0M $139.0M
YoY Change 84.56% 50.6% 52.75%
Interest Expense -$98.00M -$87.00M $21.00M
YoY Change 186.17% 219.06% -125.83%
% of Operating Profit -33.11% -34.8% 15.11%
Other Income/Expense, Net
YoY Change
Pretax Income $198.0M $163.0M $111.0M
YoY Change 56.98% 18.12% 1010.0%
Income Tax $69.00M $39.00M $46.00M
% Of Pretax Income 34.85% 23.93% 41.44%
Net Earnings $129.0M $123.0M $65.00M
YoY Change 35.47% 80.88% -291.18%
Net Earnings / Revenue 4.8% 4.74% 2.89%
Basic Earnings Per Share $2.57 $2.43 $1.30
Diluted Earnings Per Share $2.56 $2.43 $1.30
COMMON SHARES
Basic Shares Outstanding 50.34M 50.36M 50.41M
Diluted Shares Outstanding 51.32M 50.36M 50.41M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.398B $2.974B $2.985B
YoY Change 67.46% 51.1% 61.98%
Cash & Equivalents $1.455B $1.329B $1.573B
Short-Term Investments $1.943B $1.645B $1.412B
Other Short-Term Assets $261.0M $312.0M $294.0M
YoY Change -2.58% 53.11% 53.19%
Inventory $160.0M $183.0M $239.0M
Prepaid Expenses $62.00M $77.00M $79.00M
Receivables $108.0M $102.0M $98.00M
Other Receivables $1.724B $1.790B $1.657B
Total Short-Term Assets $9.351B $8.863B $8.705B
YoY Change 77.0% 94.04% 123.19%
LONG-TERM ASSETS
Property, Plant & Equipment $945.0M $932.0M $967.0M
YoY Change 34.51% 50.57% 110.84%
Goodwill $147.0M $149.0M $162.0M
YoY Change 81.6% 74.95% 95.58%
Intangibles $29.00M $31.00M $43.00M
YoY Change -5.57% 29.74% 112.13%
Long-Term Investments $375.0M $456.0M $121.0M
YoY Change 886.14% 151.36% -31.09%
Other Assets $217.0M $188.0M $168.0M
YoY Change 86.77% 65.73% 133.7%
Total Long-Term Assets $2.611B $2.584B $2.318B
YoY Change 72.13% 64.06% 78.63%
TOTAL ASSETS
Total Short-Term Assets $9.351B $8.863B $8.705B
Total Long-Term Assets $2.611B $2.584B $2.318B
Total Assets $11.96B $11.45B $11.02B
YoY Change 75.91% 86.35% 112.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $418.0M $433.0M $420.0M
YoY Change -53.88% -49.51% -31.39%
Accrued Expenses $466.0M $381.0M $428.0M
YoY Change 29.03% 33.79% 64.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.946B $1.925B $1.459B
YoY Change 154.33% 232.02% 183.58%
Total Short-Term Liabilities $7.002B $6.823B $6.228B
YoY Change 63.35% 76.34% 94.32%
LONG-TERM LIABILITIES
Long-Term Debt $2.743B $2.515B $2.638B
YoY Change 39.21% 40.62% 58.93%
Other Long-Term Liabilities $76.00M $49.00M $55.00M
YoY Change 116.27% 113.45% 127.09%
Total Long-Term Liabilities $3.329B $3.044B $3.206B
YoY Change 39.26% 38.84% 58.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.002B $6.823B $6.228B
Total Long-Term Liabilities $3.329B $3.044B $3.206B
Total Liabilities $10.33B $9.867B $9.434B
YoY Change 54.72% 62.78% 80.44%
SHAREHOLDERS EQUITY
Retained Earnings $748.0M $619.0M $496.0M
YoY Change 68.65% 77.72% 77.08%
Common Stock $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $898.0M $858.0M $829.0M
YoY Change 20.68% 210.62% 934.62%
Treasury Stock Shares $626.8K $208.6K
Shareholders Equity $1.631B $1.580B $1.589B
YoY Change
Total Liabilities & Shareholders Equity $11.96B $11.45B $11.02B
YoY Change 75.91% 86.35% 112.07%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $129.0M $123.0M $65.00M
YoY Change 35.47% 80.88% -291.18%
Depreciation, Depletion And Amortization $97.00M $100.0M $84.00M
YoY Change 85.7% 116.8% 118.75%
Cash From Operating Activities $724.0M $907.0M -$233.0M
YoY Change 172.89% 246.13% -12.08%
INVESTING ACTIVITIES
Capital Expenditures -$106.0M -$100.0M $137.0M
YoY Change -38.2% -38.2% 21.24%
Acquisitions
YoY Change
Other Investing Activities -$558.0M -$1.237B -$1.087B
YoY Change 21.48% -37998.28% -4931.11%
Cash From Investing Activities -$664.0M -$1.337B -$1.224B
YoY Change 5.25% 742.69% 1148.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $39.00M
YoY Change 56.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 342.0M 434.0M 152.0M
YoY Change -18.83% 315.92% -117.69%
NET CHANGE
Cash From Operating Activities 724.0M 907.0M -233.0M
Cash From Investing Activities -664.0M -1.337B -1.224B
Cash From Financing Activities 342.0M 434.0M 152.0M
Net Change In Cash 402.0M 4.000M -1.234B
YoY Change 620.62% -98.07% -6.52%
FREE CASH FLOW
Cash From Operating Activities $724.0M $907.0M -$233.0M
Capital Expenditures -$106.0M -$100.0M $137.0M
Free Cash Flow $830.0M $1.007B -$370.0M
YoY Change 90.0% 137.58% -2.12%

Facts In Submission

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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 digital 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. </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;">The Company enables commerce through its marketplace platform, which allows users to buy and sell in most of Latin America. Through Mercado Pago, the fintech solution, MercadoLibre enables individuals and businesses to send and receive digital payments; through Mercado Envios, MercadoLibre facilitates the shipping of goods from the Company and 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, 2022, MercadoLibre, through its wholly-owned subsidiaries, operated online e-commerce 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, and extends loans through Mercado Credito in Argentina, Brazil, Mexico and Chile. It also offers a shipping solution directed towards Argentina, Brazil, Mexico, Colombia, Chile, Uruguay and Peru.</span></p>
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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, inventories valuation reserves, 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 plan, fair value of convertible debt, fair value of investments, fair value of loans receivables, fair value of derivative instruments, 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><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"><br/>‎</span></p>
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CY2022Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss Available To Common Stockholders Basic
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188000000
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q2 us-gaap Short Term Investments
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CY2021Q4 us-gaap Short Term Investments
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CY2022Q2 us-gaap Long Term Investments
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CY2022Q2 us-gaap Loans And Leases Receivable Allowance
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CY2022Q2 us-gaap Loans And Leases Receivable Net Reported Amount
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CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
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1695000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
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435000
CY2021Q4 us-gaap Loans And Leases Receivable Net Reported Amount
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CY2021Q4 us-gaap Notes Receivable Gross
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CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
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meli Financing Receivable Allowance For Credit Loss Charged Credit To Net Loss Income
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557000
meli Financing Receivable Allowance For Credit Losses Charges Utilized Currency Translation Adjustments And Writeoffs
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CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
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CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
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meli Financing Receivable Allowance For Credit Loss Charged Credit To Net Loss Income
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167000
meli Financing Receivable Allowance For Credit Losses Charges Utilized Currency Translation Adjustments And Writeoffs
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CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
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CY2022Q2 us-gaap Goodwill
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CY2021Q4 us-gaap Goodwill
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CY2021Q4 meli Intangible Assets And Goodwill Gross
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CY2022Q2 us-gaap Goodwill
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CY2020Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Goodwill
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CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2021Q4 us-gaap Goodwill
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CY2021Q2 us-gaap Amortization Of Intangible Assets
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CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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5000
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CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2022Q2 meli Finite Lived Intangible Assets Amortization Expense After Year Four
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3000
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CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2050000000
CY2022Q2 meli Direct Contribution
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CY2022Q2 meli Operating Expenses And Indirect Costs Of Net Revenues
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297000000
CY2022Q2 us-gaap Operating Income Loss
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250000000
CY2022Q2 us-gaap Investment Income Interest
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CY2022Q2 meli Interest Expense And Other Financial Charges
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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q2 meli Direct Contribution
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CY2021Q2 meli Operating Expenses And Indirect Costs Of Net Revenues
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CY2021Q2 meli Interest Expense And Other Financial Charges
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180000000
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
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meli Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Foreign Currency Translation
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
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CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
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meli Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Foreign Currency Translation
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationForeignCurrencyTranslation
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
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CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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20000000
CY2022Q2 us-gaap Loss Contingency Accrual At Carrying Value
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CY2022Q2 meli Aggregate Amount For Legal Actions For Which No Loss Amount Has Been Accrued
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219000000
us-gaap Loss Contingency Accrual Provision
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CY2022Q1 meli Number Of Federation Units Where Writs Of Mandamus Where Filed
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27
CY2022Q2 meli Number Of Federation Units Where Writs Of Mandamus Where Filed
NumberOfFederationUnitsWhereWritsOfMandamusWhereFiled
3
meli Number Of Purchase Commitments Entered
NumberOfPurchaseCommitmentsEntered
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CY2022Q2 meli Air Logistics Services Agreement Term
AirLogisticsServicesAgreementTerm
P10Y
CY2022Q2 meli Committed Contract Minimum Annual Cost
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CY2022Q2 meli Number Of Dedicated Aircrafts
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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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51000
CY2022Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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5000
CY2021Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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28000
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
12000000
CY2021Q4 us-gaap Finance Lease Liability Current
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10000000
CY2022Q2 meli Collateralized Financing Current
CollateralizedFinancingCurrent
336000000
CY2021Q4 meli Collateralized Financing Current
CollateralizedFinancingCurrent
77000000
CY2022Q2 meli Other Lines Of Credit Current
OtherLinesOfCreditCurrent
4000000
CY2021Q4 meli Other Lines Of Credit Current
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CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
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1925000000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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1285000000
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
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CY2021Q4 us-gaap Finance Lease Liability Noncurrent
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CY2022Q2 meli Collateralized Financing Noncurrent
CollateralizedFinancingNoncurrent
765000000
CY2021Q4 meli Collateralized Financing Noncurrent
CollateralizedFinancingNoncurrent
674000000
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations
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2515000000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
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2233000000
CY2022Q2 us-gaap Collateralized Financings
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CY2022Q2 us-gaap Operating Lease Right Of Use Asset
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525000000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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461000000
CY2022Q2 us-gaap Operating Lease Liability
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528000000
CY2021Q4 us-gaap Operating Lease Liability
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464000000
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
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79000000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
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68000000
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
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21000000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
14000000
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
58000000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
54000000
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
49000000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
46000000
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.09
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.16
us-gaap Lease Cost
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59000000
us-gaap Lease Cost
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34000000
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8000000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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us-gaap Finance Lease Interest Expense
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4000000
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meli Finance Lease Cost
FinanceLeaseCost
12000000
meli Finance Lease Cost
FinanceLeaseCost
6000000
us-gaap Operating Lease Payments
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54000000
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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110000000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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7000000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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17000000
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Net
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-7000000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
121000000
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
19000000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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117000000
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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19000000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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110000000
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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63000000
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
183000000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
686000000
CY2022Q2 us-gaap Finance Lease Liability Payments Due
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65000000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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158000000
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
16000000
CY2022Q2 us-gaap Operating Lease Liability
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CY2022Q2 us-gaap Finance Lease Liability
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49000000
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Net
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8000000
us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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9000000
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
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CY2022Q2 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
5000000
CY2021Q2 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
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us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
-22000000
CY2022Q2 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
10000000
CY2022Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
208577
CY2022Q2 meli Funds In Payment Accounts Of Customers
FundsInPaymentAccountsOfCustomers
415000000
CY2021Q4 meli Percent Of Reserve Of Customer Funds Deposited
PercentOfReserveOfCustomerFundsDeposited
1
meli Percent Of Reserve Of Customer Funds Deposited
PercentOfReserveOfCustomerFundsDeposited
1
meli Term Of Days Followings Requested Preliminary Injunction With Courts
TermOfDaysFollowingsRequestedPreliminaryInjunctionWithCourts
P90D
meli Percent Of Reserve Of Customer Funds Deposited
PercentOfReserveOfCustomerFundsDeposited
1
CY2022Q2 meli Deposited In Brazilian Federal Government Bonds
DepositedInBrazilianFederalGovernmentBonds
883000000
CY2022Q2 meli Restricted Cash Related To Liquidity Reserves
RestrictedCashRelatedToLiquidityReserves
40000000

Files In Submission

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0001562762-22-000334-index-headers.html Edgar Link pending
0001562762-22-000334-index.html Edgar Link pending
0001562762-22-000334.txt Edgar Link pending
0001562762-22-000334-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
meli-20220630.xsd Edgar Link pending
meli-20220630x10q.htm Edgar Link pending
meli-20220630x10q_htm.xml Edgar Link completed
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meli-20220630_cal.xml Edgar Link unprocessable
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meli-20220630_lab.xml Edgar Link unprocessable
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