MercadoLibre, Inc. (MELI) Financial Statements (2024 and earlier)

Company Profile

Business Address DR. LUIS BONAVITA 1294 OF. 1733 TOWER II
MONTEVIDEO, 11300
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,6994,6224,2493,3982,9742,985
Cash and cash equivalents1,8602,1431,9101,4551,3291,573
Short-term investments2,8392,4792,3391,9431,6451,412
Restricted cash and investments1,9641,3811,4531,073924841
Receivables2,2112,0091,8341,8321,8921,755
Inventory, net of allowances, customer advances and progress billings236199152160183239
Inventory236199152160183239
Prepaid expense554538627779
Other current assets269262266261312294
Other undisclosed current assets2,8562,8182,9612,5652,5012,512
Total current assets:12,29011,33610,9539,3518,8638,705
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization64     
Operating lease, right-of-use asset779697656587525542
Property, plant and equipment  1,036993945932967
Long-term investments and receivables225309354417511201
Long-term investments149278322375456121
Accounts and financing receivable, after allowance for credit loss763132425580
Intangible assets, net (including goodwill)188184178176180205
Goodwill166160153147149162
Intangible assets, net (excluding goodwill)222425293143
Deferred income tax assets348357346269248235
Other noncurrent assets323282256217188168
Other undisclosed noncurrent assets1,026     
Total noncurrent assets:2,9532,8652,7832,6112,5842,318
TOTAL ASSETS:15,24314,20113,73611,96211,44711,023
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,8311,5971,3931,1551,1311,027
Taxes payable277
Employee-related liabilities319
Accrued liabilities841788815   
Other undisclosed accounts payable and accrued liabilities9908095781,1551,131431
Debt2,2862,3322,1311,9461,9251,459
Other liabilities15213212910698134
Other undisclosed current liabilities5,3474,7664,9093,7953,6693,608
Total current liabilities:9,6168,8278,5627,0026,8236,228
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,4812,5002,6272,7432,5152,638
Long-term debt, excluding current maturities149162169179  
Finance lease, liability404337383739
Other undisclosed long-term debt and lease obligation2,2922,2952,4212,5262,4782,599
Liabilities, other than long-term debt838827715112101125
Accounts payable and accrued liabilities     2028
Deferred income tax liabilities112117106363242
Other liabilities13118195764955
Operating lease, liability595529514   
Other undisclosed noncurrent liabilities5675474428443
Total noncurrent liabilities:3,3753,3343,3473,3293,0443,206
Total liabilities:12,99112,16111,90910,3319,8679,434
Equity
Equity, attributable to parent2,2522,0401,8271,6311,5801,589
Treasury stock, value(1,138)(992)(931)(898)(858)(829)
Additional paid in capital2,3092,3092,3092,3082,3082,308
Accumulated other comprehensive loss(295)(391)(464)(527)(489)(386)
Retained earnings1,3761,114913748619496
Total equity:2,2522,0401,8271,6311,5801,589
TOTAL LIABILITIES AND EQUITY:15,24314,20113,73611,96211,44711,023

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues3,4153,0373,0022,6902,5972,248
Cost of revenue
(Cost of Goods and Services Sold)
(1,695)(1,501)(1,544)(1,342)(1,313)(1,175)
Gross profit:1,7201,5361,4581,3481,2841,073
Operating expenses(1,162)(1,196)(1,109)(1,052)(1,034)(934)
Operating income:558340349296250139
Nonoperating income (expense)67459(6)(14)28
Investment income, nonoperating188161123654631
Loss, foreign currency transaction, before tax(182)(87)(64)(71)(60)(3)
Interest and debt expense 8(2)(2)  (2)
Income from continuing operations before equity method investments, income taxes:572412406290236165
Other undisclosed loss from continuing operations before income taxes(100)(92)(98)(92)(73)(54)
Income from continuing operations before income taxes:472320308198163111
Income tax expense(210)(122)(144)(69)(39)(46)
Income from continuing operations:26219816412912465
Income before gain (loss) on sale of properties:12912465
Net income:26219816412912465
Other undisclosed net income (loss) attributable to parent  31 (1) 
Net income available to common stockholders, basic:26220116512912365
Other undisclosed net income available to common stockholders, diluted 2212  
Net income available to common stockholders, diluted:26420316613112365

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:26219816412912465
Other comprehensive income (loss)  7363(38)(103)129
Comprehensive income:2622712279121194
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9631 (1) 
Comprehensive income, net of tax, attributable to parent:3582742289120194

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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