XML 34 R23.htm IDEA: XBRL DOCUMENT v3.4.0.3

Fair Value Measurement of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Measurement of Assets and Liabilities [Abstract]

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis



				Quoted Prices in						Quoted Prices in
		Balances as of		active markets for		Significant other		Balances as of		active markets for		Significant other
		March 31,		identical Assets		observable inputs		December 31,		identical Assets		observable inputs
Description		2016		(Level 1)		(Level 2)		2015		(Level 1)		(Level 2)
		(In thousands)
Assets
Cash and Cash Equivalents:
Money Market Funds		$              47,669		$               47,669		$                     —		$            46,423		$                46,423		$                   —
Corporate Debt Securities		8,864		—		8,864		15,785		—		15,785
Investments:
Sovereign Debt Securities		$              65,981		$               63,076		$                2,905		$            69,302		$                64,264		$              5,038
Corporate Debt Securities		248,099		153,683		94,416		232,257		51,974		180,283
Certificates of deposit		12,524		—		12,524		11,516		—		11,516
Total Financial Assets		$           383,137		$             264,428		$            118,709		$          375,283		$              162,661		$          212,622
Liabilities:
Contingent considerations		$              11,048		$                      —		$              11,048		$              9,007		$                       —		$              9,007
Long-term retention plan		$              13,060		—		13,060		17,159		—		17,159
Total Financial Liabilities		$              24,108		$                      —		$              24,108		$            26,166		$                       —		$            26,166



Fair Value of Financial Assets and Liabilities Measured at Amortized Cost



		Balances as of		Significant other		Balances as of		Significant other
		March 31,		observable inputs		December 31,		observable inputs
		2016		(Level 2)		2015		(Level 2)
		(In thousands)
Assets
Time Deposits		$              56,854		56,854		$               76,658		76,658
Accounts receivable		47,118		47,118		28,428		28,428
Credit Cards receivable		193,666		193,666		131,946		131,946
Other assets		63,605		63,605		53,532		53,532
Total Assets		$           361,243		$             361,243		$             290,564		$          290,564
Liabilities
Accounts payable and accrued expenses		$              77,180		$               77,180		$               62,038		$            62,038
Funds payable to customers		230,000		230,000		203,247		203,247
Salaries and social security payable		29,979		29,979		26,181		26,181
Tax payable		25,139		25,139		10,092		10,092
Dividends payable		6,624		6,624		4,548		4,548
Loans payable and other financial liabilities		298,960		298,960		296,307		296,307
Other liabilities		10,093		10,093		8,520		8,520
Total Liabilities		$           677,975		$             677,975		$             610,933		$          610,933



Fair Value of Money Market Funds, Short and Long-Term Investments Classified as Available for Sale Securities





		March 31, 2016
		Cost		Gross Unrealized Gains		Gross Unrealized Losses (1)		Estimated Fair Value

		(In thousands)
Cash and cash equivalents
Money Market Funds		$            47,669		$                   —		$                   —		$                47,669
Corporate Debt Securities		8,868		—		(4)		8,864
Total Cash and cash equivalents		$            56,537		$                   —		$                    (4)		$                56,533

Short-term investments
Sovereign Debt Securities		$              8,973		$                     3		$                   —		$                  8,976
Corporate Debt Securities		118,250		41		(73)		118,218
 Certificates of deposit		11,521		3		(3)		11,521
Total Short-term investments		$          138,744		$                   47		$                  (76)		$              138,715

Long-term investments
Sovereign Debt Securities		$            56,783		$                 222		$                   —		$                57,005
Corporate Debt Securities		129,386		610		(115)		129,881
 Certificates of deposit		1,002		1		—		1,003
Total Long-term investments		$          187,171		$                 833		$                (115)		$              187,889

Total		$          382,452		$                 880		$                (195)		$              383,137








	December 31, 2015
	Cost		Gross Unrealized Gains		Gross Unrealized Losses (1)		Estimated Fair Value

	(In thousands)
Cash and cash equivalents
Money Market Funds	$             46,423		$                —		$                —		$             46,423
Corporate Debt Securities	15,796		—		(11)		15,785
Total Cash and cash equivalents	$             62,219		$                —		$                (11)		$             62,208

Short-term investments
Sovereign Debt Securities	$             13,981		$                —		$                (19)		$             13,962
Corporate Debt Securities	103,130		4		(157)		102,977
 Certificates of deposit	8,516		1		(2)		8,515
Total Short-term investments	$           125,627		$                  5		$              (178)		$           125,454

Long-term investments
Sovereign Debt Securities	$             55,536		$                53		$              (249)		$             55,340
Corporate Debt Securities	129,921		18		(659)		129,280
 Certificates of deposit	3,003		—		(2)		3,001
Total Long-term investments	$           188,460		$                71		$              (910)		$           187,621

Total	$           376,306		$                76		$           (1,099)		$           375,283









(1) Unrealized losses from securities are primarily attributable to market price movements. Management does not believe any remaining significant unrealized losses represent other-than-temporary impairments based on the evaluation of available evidence including the credit rating of the investments, as of March 31, 2016 and December 31, 2015.

Estimated Fair Values of Money Market Funds, Short-Term and Long-Term Investments


One year or less		195,248
One year to two years		102,721
Two years to three years		60,613
Three years to four years		11,444
Four years to five years		13,005
More than five years		106
Total		$            383,137



X

- Definition

Available for sale securities debt maturities fair value.

+ References

No definition available.

+ Details

Name:	meli_AvailableForSaleSecuritiesDebtMaturitiesFairValueTableTextBlock
Namespace Prefix:	meli_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of company's financial assets and liabilities.

+ References

No definition available.

+ Details

Name:	meli_ScheduleOfCompanysFinancialAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	meli_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27337-111563

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27198-111563

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563

+ Details

Name:	us-gaap_AvailableForSaleSecuritiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a),(b)
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration