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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:4,2493,3942,4612,982902598
Cash and cash equivalents1,9102,5851,8561,385440388
Short-term investments2,3398101,2411,597462209
Other undisclosed cash, cash equivalents, and short-term investments   (637)   
Restricted cash and investments1,4531,0636526724 
Receivables1,8341,297435218131102
Inventory, net of allowances, customer advances and progress billings152253118953
Inventory152253118953
Prepaid expense38402845276
Other current assets266287153896258
Other undisclosed current assets2,9611,8391,500380360521
Total current assets:10,9538,1755,3473,7891,5111,287
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    
Operating lease, right-of-use asset656461303200
Property, plant and equipment 993807392244166115
Long-term investments and receivables35415018327027635
Long-term investments3228916626427635
Accounts and financing receivable, after allowance for credit loss3261176  
Intangible assets, net (including goodwill)17819399102107115
Goodwill15314885888992
Intangible assets, net (excluding goodwill)254514141923
Deferred income tax assets346181135118
Other noncurrent assets25613468583864
Other undisclosed noncurrent assets    14157
Total noncurrent assets:2,7831,9261,180993728386
TOTAL ASSETS:13,73610,1016,5264,7822,2401,673
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,3931,036767372267221
Interest and dividends payable    7
Taxes payable291216603132
Employee-related liabilities3132071026065
Accrued liabilities815     
Other undisclosed accounts payable and accrued liabilities578431344210175117
Debt2,1311,28554818613356
Other liabilities12988109114344
Other undisclosed current liabilities4,9093,4272,2121,079732687
Total current liabilities:8,5625,8373,6361,7521,166968
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,6272,233861631602312
Long-term debt, excluding current maturities169 596569602312
Finance lease, liability3736167
Other undisclosed long-term debt and lease obligation2,4212,19824955  
Liabilities, other than long-term debt7151048511311142
Deferred tax liabilities, net9224
Deferred income tax liabilities1066264100
Other liabilities954120132018
Operating lease, liability514   
Other undisclosed noncurrent liabilities53962932032325
Total noncurrent liabilities:3,3472,7331,239947737379
Total liabilities:11,9098,5694,8752,7001,9031,347
Temporary equity, carrying amount    99  
Equity
Equity, attributable to parent1,8271,5321,6521,983337326
Common stock  00000
Treasury stock, value(931)(790)(55)(1)  
Additional paid in capital2,3092,4391,8612,06822571
Accumulated other comprehensive loss(464)(515)(468)(407)(392)(283)
Retained earnings913397314323503538
Total equity:1,8271,5321,6521,983337326
TOTAL LIABILITIES AND EQUITY:13,73610,1016,5264,7822,2401,673

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues10,5377,0693,9732,2961,4401,398
Revenue, net1,398
Gain on disposition of assets for financial service operations  575453359259
Cost of revenue(5,374)(4,064)(2,264)(1,194)(743)(678)
Cost of goods and services sold(5,374)(4,064)(2,264)(1,194)(425)(1,179)
Gross profit:5,1633,0051,7091,102697720
Operating expenses(4,129)(2,564)(1,582)(1,255)(766)(663)
Operating income (loss):1,034441128(153)(69)56
Nonoperating income6729601126024
Investment income, nonoperating2651381031144246
Gain (loss), foreign currency transaction, before tax(198)(109)(42)(2)18(22)
Interest and debt expense(8)(5)(3)(2) (19)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (104)(64)(56)(8)
Income (loss) from continuing operations before equity method investments, income taxes:1,09346481(107)(65)54
Other undisclosed loss from continuing operations before income taxes(313)(224)    
Income (loss) from continuing operations before income taxes:78024181(107)(65)54
Income tax expense (benefit)(298)(149)(82)(65)29(40)
Income (loss) from continuing operations:48292(1)(172)(37)14
Income (loss) before gain (loss) on sale of properties:92(1)(172)(37)14
Net income (loss):48292(1)(172)(37)14
Other undisclosed net income (loss) attributable to parent (9)    
Net income (loss) attributable to parent:48283(1)(172)(37)14
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, basic:48283(4)(181)(37)14
Other undisclosed net income available to common stockholders, diluted7     
Net income (loss) available to common stockholders, diluted:48983(4)(181)(37)14

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):48292(1)(172)(37)14
Other comprehensive income (loss)51(47)(62)(15)(109)(23)
Comprehensive income (loss):53345(62)(187)(145)(9)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (9)    
Comprehensive income (loss), net of tax, attributable to parent:53336(62)(187)(145)(9)

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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