MercadoLibre, Inc. (MELI) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:3,3942,4612,982902598487
Cash and cash equivalents2,5851,8561,385440388234
Short-term investments8101,2411,597462209253
Other undisclosed cash, cash equivalents, and short-term investments (637)    
Restricted cash and investments1,0636526724  
Receivables1,29743521813110232
Inventory, net of allowances, customer advances and progress billings2531189531
Inventory2531189531
Prepaid expense40284527615
Other current assets28715389625826
Other undisclosed current assets1,8391,500380360521308
Total current assets:8,1755,3473,7891,5111,287869
Noncurrent Assets
Operating lease, right-of-use asset461303200
Property, plant and equipment807392244166115124
Long-term investments and receivables15018327027635154
Long-term investments8916626427635154
Accounts and financing receivable, after allowance for credit loss61176   
Intangible assets, net (including goodwill)19399102107115118
Goodwill1488588899292
Intangible assets, net (excluding goodwill)451414192326
Deferred income tax assets181135118
Other noncurrent assets1346858386457
Other undisclosed noncurrent assets   1415745
Total noncurrent assets:1,9261,180993728386498
TOTAL ASSETS:10,1016,5264,7822,2401,6731,367
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,036767372267221105
Employee-related liabilities313207102606549
Taxes payable29121660313227
Interest and dividends payable    77
Other undisclosed accounts payable and accrued liabilities43134421017511722
Debt1,2855481861335623
Other liabilities881091143446
Other undisclosed current liabilities3,4272,2121,079732687442
Total current liabilities:5,8373,6361,7521,166968577
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,233861631602312302
Long-term debt, excluding current maturities 596569602312302
Finance lease, liability36167
Other undisclosed long-term debt and lease obligation2,19824955   
Liabilities, other than long-term debt104851131114244
Deferred tax liabilities, net922434
Deferred income tax liabilities6264100
Other liabilities412013201810
Other undisclosed noncurrent liabilities396293203232516
Total noncurrent liabilities:2,7331,239947737379362
Total liabilities:8,5694,8752,7001,9031,347939
Temporary equity, carrying amount  99   
Stockholders' equity
Stockholders' equity attributable to parent1,5321,6521,983337326429
Common stock000000
Treasury stock, value(790)(55)(1)   
Additional paid in capital2,4391,8612,06822571138
Accumulated other comprehensive loss(515)(468)(407)(392)(283)(260)
Retained earnings397314323503538551
Total stockholders' equity:1,5321,6521,983337326429
TOTAL LIABILITIES AND EQUITY:10,1016,5264,7822,2401,6731,367

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues7,0693,9732,2961,4401,398844
Revenue, net1,398844
Gain on disposition of assets for financial service operations575453359259
Cost of revenue(4,064)(2,264)(1,194)(743)(678)(308)
Cost of goods and services sold(4,064)(2,264)(1,194)(425)(1,179)(612)
Gross profit:3,0051,7091,102697720537
Operating expenses(2,564)(1,582)(1,255)(766)(663)(356)
Operating income (loss):441128(153)(69)56181
Nonoperating income2960112602430
Investment income, nonoperating138103114424635
Foreign currency transaction gain (loss), before tax(109)(42)(2)18(22)(6)
Interest and debt expense(5)(3)(2) (19)(18)
Other undisclosed loss from continuing operations before equity method investments, income taxes (104)(64)(56)(8)(8)
Income (loss) from continuing operations before equity method investments, income taxes:46481(107)(65)54185
Other undisclosed loss from continuing operations before income taxes(224)     
Income (loss) from continuing operations before income taxes:24181(107)(65)54185
Income tax expense (benefit)(149)(82)(65)29(40)(49)
Net income (loss):92(1)(172)(37)14136
Other undisclosed net loss attributable to parent(9)     
Net income (loss) attributable to parent:83(1)(172)(37)14136
Preferred stock dividends and other adjustments (3)3   
Other undisclosed net loss available to common stockholders, basic  (12)   
Net income (loss) available to common stockholders, diluted:83(4)(181)(37)14136

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):92(1)(172)(37)14136
Other comprehensive loss(47)(62)(15)(109)(23)(21)
Comprehensive income (loss):45(62)(187)(145)(9)116
Other undisclosed comprehensive loss, net of tax, attributable to parent(9)     
Comprehensive income (loss), net of tax, attributable to parent:36(62)(187)(145)(9)116

Statements sources

The financial statements are based on the company's filings with the 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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