MercadoLibre Files Q2 2024 10-Q Report

TL;DR

MELI Q2 10-Q filed. Financials out.

AI Summary

MercadoLibre Inc. filed its 10-Q for the period ending June 30, 2024, reporting on its financial performance. The company's fiscal year ends on December 31st, and this filing covers the second quarter of 2024. Key financial data and operational details are provided within this report.

Why It Matters

This filing provides investors and analysts with the latest financial performance data for MercadoLibre, a major e-commerce and fintech player in Latin America, allowing for informed investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing and does not inherently present new risks.

Key Numbers

• 3,049 — Number of Documents (Total documents in the filing)
• 413 — Number of Pages (Total pages in the filing)

Key Players & Entities

• MERCADOLIBRE INC (company) — Filer
• 0001099590-24-000026 (other) — Accession Number
• 20240630 (date) — Period of Report
• 20240802 (date) — Filing Date
• MONTEVIDEO (location) — Business Address City

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value per share MELI Nasdaq Global

Filing Documents

• meli-20240630.htm (10-Q) — 3270KB
• meli-20240630xexx311.htm (EX-31.1) — 10KB
• meli-20240630xexx312.htm (EX-31.2) — 10KB
• meli-20240630xexx321.htm (EX-32.1) — 6KB
• meli-20240630xexx322.htm (EX-32.2) — 6KB
• 0001099590-24-000026.txt ( ) — 16837KB
• meli-20240630.xsd (EX-101.SCH) — 98KB
• meli-20240630_cal.xml (EX-101.CAL) — 129KB
• meli-20240630_def.xml (EX-101.DEF) — 460KB
• meli-20240630_lab.xml (EX-101.LAB) — 963KB
• meli-20240630_pre.xml (EX-101.PRE) — 710KB
• meli-20240630_htm.xml (XML) — 3747KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

— UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1

ITEM 1 — UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1 Interim Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 1 Interim Condensed Consolidated Statements of Income for the six and three-month periods ended June 30, 2024 and 2023 2 Interim Condensed Consolidated Statements of Comprehensive Income for the six and three-month periods ended June 30, 2024 and 2023 3 Interim Condensed Consolidated Statements of Equity for the six and three-month periods ended June 30, 2024 and 2023 4 Interim Condensed Consolidated Statements of Cash Flows for the six-month periods ended June 30, 2024 and 2023 5 Notes to Interim Condensed Consolidated Financial Statements (unaudited) 7

— MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2 — MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 41

— QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3 — QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 63

— CONTROLS AND PROCEDURES

ITEM 4 — CONTROLS AND PROCEDURES 66

OTHER INFORMATION

PART II. OTHER INFORMATION 66

— LEGAL PROCEEDINGS

ITEM 1 — LEGAL PROCEEDINGS 66

— RISK FACTORS

ITEM 1A — RISK FACTORS 66

— UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2 — UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 67

— OTHER INFORMATION

ITEM 5 — OTHER INFORMATION 67

— EXHIBITS

ITEM 6 — EXHIBITS 67 INDEX TO EXHIBITS 68

SIGNATURES

SIGNATURES 69 Table of Contents MercadoLibre, Inc. - Interim Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 (In millions of U.S. dollars, except par value) (Unaudited) June 30, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents $ 2,818 $ 2,556 Restricted cash and cash equivalents 1,005 1,292 Short-term investments 4,073 3,480 Accounts receivable, net 190 156 Credit card receivables and other means of payments, net 4,168 3,632 Loans receivable, net of allowances of $ 1,312 and $ 1,042 3,440 2,629 Inventories 257 238 Customer crypto-assets safeguarding assets 67 34 Other assets 461 277 Total current assets 16,479 14,294 Non-current assets: Long-term investments 416 162 Loans receivable, net of allowances of $ 41 and $ 42 111 65 Property and equipment, net 1,218 1,250 Operating lease right-of-use assets 775 899 Goodwill 149 163 Intangible assets, net 13 11 Intangible assets at fair value 36 24 Deferred tax assets 767 710 Other assets 66 68 Total non-current assets 3,551 3,352 Total assets $ 20,030 $ 17,646 Liabilities Current liabilities: Accounts payable and accrued expenses $ 2,556 $ 2,117 Funds payable to customers 5,402 4,475 Amounts payable due to credit and debit card transactions 1,480 1,072 Salaries and social security payable 482 545 Taxes payable 419 477 Loans payable and other financial liabilities 2,203 2,292 Operating lease liabilities 138 166 Customer crypto-assets safeguarding liabilities 67 34 Other liabilities 167 119 Total current liabilities 12,914 11,297 Non-current liabilities: Amounts payable due to credit and debit card transactions 26 20 Loans payable and other financial liabilities 2,439 2,203 Operating lease liabilities 623 672 Deferred tax liabilities 159 183 Other liabilities 213 200 Total non-current liabilities 3,460 3,278 Total liabilities $ 16,374 $ 14,575 Commitments and contingencies (Note 11) Equity Common stock, $ 0.001 par

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View this 10-Q filing on SEC EDGAR