XML 37 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement of Cash Flows (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operations:    
Net income attributable to MercadoLibre, Inc. Shareholders $ 30,263,973 $ 17,480,253
Adjustments to reconcile net income to net cash provided by operating activities:    
Net income attributable to Redeemable Noncontrolling Interest 63,980 42,338
Net Devaluation (Gain) Loss in Venezuela and Argentina (2,657,792) 6,420,929
Depreciation and amortization 3,519,100 2,621,339
Accrued interest (2,019,040) (2,531,301)
LTRP accrued compensation 765,775 1,710,752
Deferred income taxes (4,675,345) (140,238)
Changes in assets and liabilities:    
Accounts receivable (9,409,832) (994,003)
Credit Card Receivables (9,870,986) (5,734,899)
Prepaid expenses (961,907) (1,069,904)
Other assets 924,587 (4,595,498)
Accounts payable and accrued expenses 11,754,682 2,243,694
Funds payable to customers 7,365,588 8,854,986
Other liabilities 318,251 2,297,188
Interest received from investments 2,245,543 3,485,861
Net cash provided by operating activities 27,626,577 30,091,497
Cash flows from investing activities:    
Purchase of investments (386,755,370) (136,522,055)
Proceeds from sale and maturity of investments 379,720,253 146,413,859
Payment for acquired businesses, net of cash acquired   (3,224,162)
Purchases of intangible assets (144,479)  
Purchases of property and equipment (6,966,127) (2,861,295)
Net cash (used in) provided by investing activities (14,145,723) 3,806,347
Cash flows from financing activities:    
Payments on loans payable and other financial liabilities (582,157)  
Dividends paid (6,313,869) (4,812,396)
Stock options exercised   3,020
Net cash used in financing activities (6,896,026) (4,809,376)
Effect of exchange rate changes on cash and cash equivalents (15,730,383) (8,410,089)
Net (decrease) increase in cash and cash equivalents (9,145,555) 20,678,379
Cash and cash equivalents, beginning of the period 140,285,104 101,489,002
Cash and cash equivalents, end of the period $ 131,139,549 $ 122,167,381