← MERCADOLIBRE INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $482.0m | $987.0m | $1.9b | $2.0b | |
| Net Income (Loss) Attributable to Parent | $136.4m | $13.8m | ($36.6m) | ($172.0m) | ($707k) | $83.3m | $482.0m | $987.0m | $1.9b | $2.0b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $136.4m | $13.8m | ($36.6m) | ($180.8m) | ($3.9m) | $83.3m | $482.0m | $987.0m | $1.9b | $2.0b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $136.4m | $13.8m | ($36.6m) | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $1.3m | $1.5m | $11.4m | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $4.0m | $4.4m | $6.1m | $3.9m | $5.3m | $5.6m | $9.0m | $6.0m | $5.0m | $9.0m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $403.0m | $524.0m | $617.0m | $818.0m | |
| Depreciation and amortization | $29.0m | $40.9m | $45.8m | $59.4m | $81.3m | $144.9m | $309.0m | $404.0m | $466.0m | $562.0m | |
| Non cash interest expense and amortization of debt issuance costs and other charges | $9.8m | $10.9m | $11.4m | $86.7m | $148.0m | $86.0m | $137.0m | $124.0m | $114.0m | $396.0m | |
| Deferred Income Tax | — | — | — | — | — | — | ($97.0m) | ($284.0m) | ($243.0m) | ($469.0m) | |
| Deferred Income Tax Expense (Benefit) | ($6.2m) | ($24.6m) | ($92.9m) | $16.5m | ($70.3m) | ($29.5m) | ($97.0m) | ($284.0m) | ($243.0m) | ($469.0m) | |
| Deferred Tax | — | — | — | — | — | — | ($97.0m) | ($284.0m) | ($243.0m) | ($469.0m) | |
| Deferred income taxes | ($6.2m) | ($24.6m) | ($92.6m) | $16.5m | ($70.3m) | ($29.5m) | ($97.0m) | ($284.0m) | ($243.0m) | ($469.0m) | |
| Asset Impairment Charge | — | — | — | — | — | — | $12.0m | $0 | $0 | $19.0m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | $0 | $0 | $19.0m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $0 | $0 | $0 | $8.6m | $12.0m | $0 | $0 | — | |
| Impairment of equity securities held at cost | — | — | — | — | — | — | — | $0 | $0 | $19.0m | |
| Share-based Payment Arrangement, Noncash Expense | $23.0m | $35.7m | $27.5m | — | — | — | — | — | — | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $0 | ($3.0m) | $0 | $0 | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | ($3.8m) | — | $0 | — | — | — | |
| Income Tax Expense (Benefit) | $49.0m | $40.3m | ($28.9m) | $64.8m | $82.0m | $148.8m | $298.0m | $569.0m | $521.0m | $845.0m | |
| Operating lease liabilities | — | — | — | — | — | — | — | ($168.0m) | ($189.0m) | ($408.0m) | |
| Right-of-use assets obtained under operating leases | — | — | — | — | $138.0m | $229.0m | $317.0m | $314.0m | $516.0m | $1.2b | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accrued interest, financial income and other revenues | — | — | — | — | — | — | — | ($311.0m) | ($415.0m) | ($1.2b) | |
| Amounts payable due to credit and debit card transactions | — | — | — | — | $37.1m | $309.1m | $128.0m | $693.0m | $1.2b | $1.6b | |
| Beginning Cash Position | — | — | — | — | — | — | $3.6b | $3.4b | $3.8b | $4.7b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $916.0m | ($267.0m) | $2.0b | $2.9b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($3.9b) | ($3.5b) | ($8.3b) | ($6.2b) | |
| Change In Account Payable | — | — | — | — | — | — | $449.0m | $1.2b | $1.6b | $1.5b | |
| Change In Inventory | — | — | — | — | — | — | $114.0m | ($69.0m) | ($113.0m) | ($235.0m) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($87.0m) | ($55.0m) | ($308.0m) | ($491.0m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($82.0m) | ($88.0m) | ($114.0m) | ($263.0m) | |
| Change In Payable | — | — | — | — | — | — | $1.6b | $3.4b | $6.4b | $8.4b | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $1.6b | $3.4b | $6.4b | $8.4b | |
| Change In Prepaid Assets | — | — | — | — | — | ($12.7m) | $3.0m | — | — | — | |
| Change In Receivables | — | — | — | — | — | — | ($1.2b) | ($1.4b) | ($2.7b) | ($1.5b) | |
| Change In Working Capital | — | — | — | — | — | — | $411.0m | $1.8b | $3.2b | $5.9b | |
| Changes In Account Receivables | — | — | — | — | — | ($26.0m) | ($71.0m) | ($92.0m) | ($157.0m) | — | |
| Changes In Cash | — | — | — | — | — | — | ($15.0m) | $1.4b | $1.6b | $8.8b | |
| Changes in loans receivable, net | ($6.6m) | ($72.2m) | ($57.2m) | ($173.8m) | ($344.6m) | ($1.3b) | ($1.7b) | ($2.0b) | ($4.7b) | ($6.7b) | |
| Convertible Senior Notes Due 2028 | — | — | — | — | — | $0 | $0 | $437.0m | $0 | $0 | |
| Deconsolidation, Gain (Loss), Amount | — | ($85.8m) | — | — | — | — | — | — | — | — | |
| End Cash Position | — | — | — | — | — | — | $3.4b | $3.8b | $4.7b | $13.5b | |
| Equity in earnings of unconsolidated entity | — | — | — | — | $0 | $8.5m | $0 | ($3.0m) | $0 | $0 | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | — | $2.3m | $8.4m | $9.2m | $29.0m | $268.0m | — | — | |
| Finance lease liabilities | — | — | $7.1m | $2.6m | $12.2m | $20.1m | $18.0m | $99.0m | $52.0m | $40.0m | |
| Financing Cash Flow | — | — | — | — | — | — | $916.0m | ($267.0m) | $2.0b | $2.9b | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | — | $89.0m | $91.0m | $411.0m | $487.0m | $286.0m | ($457.0m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($5.6m) | ($21.6m) | $18.2m | ($1.7m) | ($42.5m) | ($109.3m) | ($198.0m) | ($615.0m) | ($182.0m) | ($337.0m) | |
| Free Cash Flow | — | — | — | — | — | — | $2.5b | $4.6b | $7.1b | $10.8b | |
| Funds payable to customers | $164.1m | $242.0m | $175.4m | $267.3m | $937.6m | $808.8m | $1.0b | $1.5b | $3.6b | $5.3b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $66.0m | $39.0m | ($42.0m) | $117.0m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | $0 | $0 | ($14.0m) | — | — | |
| Gains (Losses) on Sales of Credit Card Portfolio | $119.8m | $185.5m | $258.6m | $359.0m | $452.9m | $575.2m | — | — | — | — | |
| General and Administrative Expense | $87.3m | $122.2m | $137.8m | $197.5m | $326.5m | $464.5m | $661.0m | $766.0m | $963.0m | $1.1b | |
| Goodwill | $91.8m | $92.3m | $88.9m | $87.6m | $85.2m | $148.2m | $153.0m | $163.0m | $149.0m | $163.0m | |
| Increase (Decrease) in Accounts Receivable | $15.4m | $21.8m | $27.1m | $507k | ($12.1m) | $26.3m | $71.0m | $92.0m | $157.0m | $1.5b | |
| Increase (Decrease) in Inventories | $787k | $1.5m | $3.0m | $4.1m | $107.0m | $142.4m | ($114.0m) | $69.0m | $113.0m | $235.0m | |
| Interest Received CFO | — | — | — | — | — | — | $123.0m | $255.0m | $229.0m | $584.0m | |
| Interest received from investments | $15.7m | $22.5m | $16.7m | $49.6m | $51.9m | $35.1m | $123.0m | $255.0m | $229.0m | $584.0m | |
| Inventories | ($787k) | ($1.5m) | ($3.0m) | ($4.1m) | ($107.0m) | ($142.4m) | $114.0m | ($69.0m) | ($113.0m) | ($235.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($3.9b) | ($3.5b) | ($8.3b) | ($6.2b) | |
| Investment Income, Interest | $35.4m | $45.9m | $42.0m | $113.5m | $102.8m | $138.0m | $265.0m | $723.0m | $148.0m | $138.0m | |
| Investments in intangible assets not paid | — | — | — | — | — | — | — | $0 | $0 | $20.0m | |
| Investments in property and equipment, intangible assets and intangible assets at fair value | ($8.4m) | ($19.7m) | ($4.4m) | — | ($247.0m) | ($573.0m) | ($454.0m) | ($509.0m) | $52.0m | $40.0m | |
| Issuance Of Capital Stock | — | — | — | — | — | $1.5b | $0 | $0 | — | — | |
| Long term retention program (“LTRP”) accrued compensation | — | $35.7m | $27.5m | $51.7m | $129.6m | $88.7m | $84.0m | $167.0m | $261.0m | $303.0m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($6.0m) | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $411.0m | $487.0m | $286.0m | $457.0m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($1.0m) | $0 | $0 | $75.0m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($455.0m) | ($509.0m) | ($860.0m) | ($1.3b) | |
| Operating Expenses | $355.8m | $663.3m | $766.5m | $1.3b | $1.6b | $2.6b | $4.1b | $5.4b | $6.9b | $9.7b | |
| Operating Gains Losses | — | — | — | — | — | — | $561.0m | $690.0m | $505.0m | $877.0m | |
| Other Non Cash Items | — | — | — | — | — | — | ($44.0m) | ($198.0m) | ($301.0m) | ($820.0m) | |
| Other assets | ($24.4m) | ($54.8m) | ($17.6m) | ($49.4m) | ($113.8m) | ($174.7m) | ($90.0m) | ($55.0m) | ($308.0m) | ($491.0m) | |
| Other liabilities | $389k | $429k | $1.3m | $45.5m | $6.4m | $6.6m | $0 | $0 | ($114.0m) | $145.0m | |
| Payables and accrued expenses | $48.0m | $150.2m | $90.1m | $143.5m | $584.3m | $379.8m | $449.0m | $1.2b | $1.6b | $1.5b | |
| Payments from settlements of derivative instruments | — | — | — | — | ($4.1m) | ($19.7m) | ($45.0m) | ($58.0m) | ($14.0m) | ($91.0m) | |
| Payments of Financing Costs | — | — | $16.3m | — | — | — | — | — | — | — | |
| Payments of finance lease liabilities | — | — | ($323k) | ($1.9m) | ($4.9m) | ($16.5m) | ($20.0m) | ($33.0m) | ($51.0m) | ($57.0m) | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | $84.0m | $167.0m | $261.0m | $303.0m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | ($3.0m) | $0 | $0 | — | — | |
| Proceeds from loans payable and other financial liabilities | $11.4m | $47.9m | $236.9m | $629.9m | $2.4b | $9.3b | $17.0b | $25.0b | $19.5b | $44.0b | |
| Proceeds from sales of intangible assets at fair value | — | — | — | — | — | — | — | $0 | $0 | $75.0m | |
| Proceeds from settlements of derivative instruments | — | — | — | — | $17.8m | $6.3m | $1.0m | $0 | $29.0m | $3.0m | |
| Provision for contingencies | — | — | — | — | — | $0 | $0 | $324.0m | $176.0m | $106.0m | |
| Provision for doubtful accounts | — | — | — | $69.9m | $132.9m | $435.3m | $1.1b | $1.1b | $1.9b | $3.1b | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $1.1b | $1.4b | $2.0b | $3.2b | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | ($6.0m) | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | ($36.0m) | ($1.0m) | $0 | — | — | |
| Purchase Of PPE | — | — | — | — | — | — | ($455.0m) | ($509.0m) | ($860.0m) | ($1.3b) | |
| Receivables | ($15.4m) | ($21.8m) | ($27.1m) | ($507k) | $12.1m | ($26.3m) | ($71.0m) | ($92.0m) | ($157.0m) | ($1.5b) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($148.0m) | ($356.0m) | ($1.0m) | ($1.0m) | |
| Results on derivative instruments | — | — | — | ($301k) | ($1.9m) | $429k | $66.0m | $39.0m | ($42.0m) | $117.0m | |
| Results on digital assets at fair value | — | — | — | — | — | $0 | $0 | ($14.0m) | ($25.0m) | ($10.0m) | |
| Sale Of Intangibles | — | — | — | — | — | — | — | $0 | $0 | $75.0m | |
| Stock Based Compensation | — | — | — | — | — | $755k | $1.0m | $167.0m | — | — | |
| Stock or Unit Option Plan Expense | — | — | — | $51.7m | $129.6m | $88.7m | $84.0m | $167.0m | $261.0m | $303.0m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $0 | ($14.0m) | ($25.0m) | ($10.0m) | |
| Unrealized foreign currency losses, net | — | — | — | — | $89.0m | $91.0m | $411.0m | $487.0m | $286.0m | $457.0m | |
| Net Cash Provided by (Used in) Operating Activities | $190.3m | $269.0m | $230.9m | $451.1m | $1.2b | $965.0m | $2.9b | $5.1b | $7.9b | $12.1b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $68.5m | $55.2m | $93.1m | $136.8m | $247.0m | $572.9m | $454.0m | $509.0m | ($860.0m) | ($1.3b) | |
| Contingent considerations and escrows from acquired business | $1.2m | — | $5.2m | — | $2.4m | $11.9m | $0 | $0 | $4.0m | $0 | |
| Payments for acquired businesses, net of cash acquired | ($7.3m) | ($8.6m) | ($4.2m) | — | ($6.9m) | ($50.6m) | $0 | $0 | ($6.0m) | $0 | |
| Payments to Acquire Businesses, Net of Cash Acquired | $7.3m | $8.6m | $4.2m | — | $6.9m | $50.6m | $0 | $0 | $6.0m | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($1.7b) | ($894.0m) | ($2.7b) | $1.7b | |
| Payments to Acquire Investments | $3.5b | $4.6b | $3.2b | $4.5b | $5.2b | $7.4b | $12.7b | $18.9b | $16.7b | $14.8b | |
| Purchase Of Investment | — | — | — | — | — | — | ($12.7b) | ($19.0b) | ($16.7b) | ($14.8b) | |
| Purchases of investments | ($3.5b) | ($4.6b) | ($3.2b) | ($4.5b) | ($5.2b) | ($7.4b) | ($12.7b) | ($18.9b) | ($16.7b) | ($14.8b) | |
| Proceeds from sale and maturity of investments | $3.5b | $4.7b | $2.7b | $3.4b | $5.5b | $7.8b | $11.0b | $18.1b | $14.0b | $16.6b | |
| Sale Of Investment | — | — | — | — | — | — | $11.0b | $18.1b | $14.0b | $16.6b | |
| Net Other Investing Changes | — | — | — | — | — | — | ($1.7b) | ($2.0b) | ($4.7b) | ($6.7b) | |
| Net Cash Provided by (Used in) Investing Activities | ($84.2m) | ($22.6m) | ($672.5m) | ($1.4b) | ($252.2m) | ($1.6b) | ($3.9b) | ($3.5b) | ($8.3b) | ($6.2b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $17.0b | $25.0b | $19.5b | $44.0b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $17.0b | $25.0b | $19.5b | $44.0b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $1.1b | $89.0m | $2.0b | $2.9b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $1.1b | $89.0m | $2.0b | $2.9b | |
| Proceeds from Issuance of Long-term Debt | $11.4m | $47.9m | $236.9m | — | — | — | — | — | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($16.0b) | ($24.9b) | ($17.5b) | ($41.1b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($16.0b) | ($24.9b) | ($17.5b) | ($41.1b) | |
| Repayments of Long-term Debt | $6.7m | $5.0m | $123.8m | — | — | — | — | — | — | — | |
| Common Stock Issuance | — | — | — | — | — | $1.5b | $0 | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($148.0m) | ($356.0m) | ($1.0m) | ($1.0m) | |
| Proceeds from Issuance of Common Stock | — | — | — | $1.9b | — | $1.5b | $0 | $0 | — | — | |
| Common Stock Payments | — | — | — | — | — | — | ($148.0m) | ($356.0m) | ($1.0m) | ($1.0m) | |
| Common Stock repurchased | — | — | — | ($720k) | ($54.1m) | ($485.9m) | ($148.0m) | ($356.0m) | ($1.0m) | ($1.0m) | |
| Payments for Repurchase of Common Stock | — | — | — | $720k | $54.1m | $485.9m | $148.0m | $356.0m | $1.0m | $1.0m | |
| Payments of Ordinary Dividends, Common Stock | $24.4m | $26.5m | $6.6m | — | — | — | — | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | $0 | $0 | — | — | — | |
| Dividends Payable | — | $26.5m | — | — | — | — | — | — | — | — | |
| Dividends Payable, Current | $6.6m | $6.6m | — | — | — | — | — | — | — | — | |
| Preferred Stock Dividend Paid | — | — | — | — | — | $0 | $0 | — | — | — | |
| Payments on loans payable and other financing liabilities | — | ($5.0m) | ($123.8m) | ($472.9m) | ($1.8b) | ($6.8b) | ($15.9b) | ($24.8b) | ($17.5b) | ($41.1b) | |
| Net Cash Provided by (Used in) Financing Activities | ($19.7m) | ($50.9m) | $608.9m | $2.0b | $242.3m | $1.9b | $916.0m | ($267.0m) | $2.0b | $2.9b | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($270.0m) | ($938.0m) | ($739.0m) | ($3.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($19.1m) | ($41.3m) | ($90.9m) | ($37.6m) | ($115.8m) | ($153.8m) | ($270.0m) | ($938.0m) | ($739.0m) | ($3.0m) | |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents | ($19.1m) | ($41.3m) | ($90.9m) | ($37.6m) | ($115.8m) | ($153.8m) | ($270.0m) | ($938.0m) | ($739.0m) | ($3.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($19.1m) | ($41.3m) | $76.4m | $986.7m | $1.1b | $1.1b | ($285.0m) | $485.0m | $851.0m | $8.8b | |
| Net increase in cash, cash equivalents, restricted cash and cash equivalents | $67.3m | $154.1m | $76.4m | $986.7m | $1.1b | $1.1b | ($285.0m) | $485.0m | $851.0m | $8.8b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($19.1m) | ($41.3m) | $464.7m | $1.5b | $2.5b | $3.6b | $3.4b | $3.8b | $4.7b | $13.5b | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | — | — | $2.5b | — | — | — | — | — | |
| Cash, cash equivalents, restricted cash and cash equivalents, beginning of the year | $234.1m | $388.3m | $464.7m | $1.5b | $2.5b | $3.6b | $3.4b | $3.8b | $4.7b | $13.5b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($285.0m) | $485.0m | $851.0m | $8.8b | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $8.1m | $7.7m | $19.5m | $40.5m | $53.8m | $57.6m | $247.0m | $608.0m | $456.0m | $611.0m | |
| Income Taxes Paid, Net | $74.0m | $110.9m | $99.5m | $95.0m | $139.9m | $282.1m | $437.0m | $651.0m | $1.1b | $1.0b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.