XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.19.2

Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Segment Reporting [Abstract] |
Financial Performance of Company's Reporting Segments |
|  |  | Three Months Ended June 30, 2019
|  |  | Brazil |  | Argentina |  | Mexico |  |  | Other Countries |  | Total
|  |  | (In thousands)
Net revenues |  | $ 340,858 |  | $ 113,913 |  | $ 64,383 |  |  | $ 26,088 |  | $ 545,242
Direct costs |  | (275,917) |  | (83,909) |  | (85,216) |  |  | (24,441) |  | (469,483)
Direct contribution |  | 64,941 |  | 30,004 |  | (20,833) |  |  | 1,647 |  | 75,759
Operating expenses and indirect costs of net revenues |  |  |  |  |  |  |  |  |  |  | (88,247)
Loss from operations |  |  |  |  |  |  |  |  |  |  | (12,488)
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |
| Interest income and other financial gains |  |  |  |  |  |  |  |  |  |  | 33,684
| Interest expense and other financial losses |  |  |  |  |  |  |  |  |  |  | (14,679)
| Foreign currency gains |  |  |  |  |  |  |  |  |  |  | 783
Net income before income tax gain |  |  |  |  |  |  |  |  |  |  | $ 7,300
|  |  | Three Months Ended June 30, 2018
|  |  | Brazil |  | Argentina |  | Mexico |  |  | Other Countries |  | Total
|  |  | (In thousands)
Net revenues |  | $ 195,839 |  | $ 100,110 |  | $ 17,540 |  |  | $ 21,888 |  | $ 335,377
Direct costs |  | (176,987) |  | (68,051) |  | (39,534) |  |  | (21,088) |  | (305,660)
Direct contribution |  | 18,852 |  | 32,059 |  | (21,994) |  |  | 800 |  | 29,717
Operating expenses and indirect costs of net revenues |  |  |  |  |  |  |  |  |  |  | (57,959)
Loss from operations |  |  |  |  |  |  |  |  |  |  | (28,242)
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |
| Interest income and other financial gains |  |  |  |  |  |  |  |  |  |  | 9,915
| Interest expense and other financial losses |  |  |  |  |  |  |  |  |  |  | (13,202)
| Foreign currency gains |  |  |  |  |  |  |  |  |  |  | 12,577
Net loss before income tax gain |  |  |  |  |  |  |  |  |  |  | $ (18,952)
|  | Six Months Ended June 30, 2019
|  | Brazil |  | Argentina |  | Mexico |  |  | Other Countries |  | Total
|  | (In thousands)
Net revenues |  | $ 643,242 |  | $ 207,689 |  | $ 118,944 |  |  | $ 49,137 |  | $ 1,019,012
Direct costs |  | (501,260) |  | (151,401) |  | (150,801) |  |  | (44,888) |  | (848,350)
Direct contribution |  | 141,982 |  | 56,288 |  | (31,857) |  |  | 4,249 |  | 170,662
Operating expenses and indirect costs of net revenues |  |  |  |  |  |  |  |  |  |  | (173,011)
Loss from operations |  |  |  |  |  |  |  |  |  |  | (2,349)
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |
Interest income and other financial gains |  |  |  |  |  |  |  |  |  |  | 58,128
Interest expense and other financial losses |  |  |  |  |  |  |  |  |  |  | (30,238)
Foreign currency losses |  |  |  |  |  |  |  |  |  |  | (2,886)
Net income before income tax gain |  |  |  |  |  |  |  |  |  |  | $ 22,655
|  | Six Months Ended June 30, 2018
|  | Brazil |  | Argentina |  | Mexico |  |  | Other Countries |  | Total
|  | (In thousands)
Net revenues |  | $ 379,994 |  | $ 202,049 |  | $ 34,605 |  |  | $ 39,705 |  | $ 656,353
Direct costs |  | (353,967) |  | (125,346) |  | (65,857) |  |  | (38,361) |  | (583,531)
Direct contribution |  | 26,027 |  | 76,703 |  | (31,252) |  |  | 1,344 |  | 72,822
Operating expenses and indirect costs of net revenues |  |  |  |  |  |  |  |  |  |  | (130,483)
Loss from operations |  |  |  |  |  |  |  |  |  |  | (57,661)
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |
Interest income and other financial gains |  |  |  |  |  |  |  |  |  |  | 19,110
Interest expense and other financial losses |  |  |  |  |  |  |  |  |  |  | (23,936)
Foreign currency gains |  |  |  |  |  |  |  |  |  |  | 18,178
Net loss before income tax gain |  |  |  |  |  |  |  |  |  |  | $ (44,309)
Allocation of Long-Lived Tangible Assets Based on Geography |
|  | June 30, |  | December 31,
|  | 2019 |  | 2018
|  | (In thousands)
US property and equipment, net |  | $ 1,758 |  | $ 2,959
Other countries |  |  |  |
Argentina |  | 90,560 |  | 58,358
Brazil |  | 92,143 |  | 78,227
Mexico |  | 22,503 |  | 16,497
Other countries |  | 9,041 |  | 9,573
|  | $ 214,247 |  | $ 162,655
Total property and equipment, net |  | $ 216,005 |  | $ 165,614
Allocation of Goodwill and Intangible Assets Based on Geography |
|  | June 30, |  | December 31,
|  | 2019 |  | 2018
|  | (In thousands)
US intangible assets |  | $ 21 |  | $ 46
Other countries goodwill and intangible assets |  |  |  |
Argentina |  | 8,417 |  | 9,050
Brazil |  | 32,147 |  | 32,955
Mexico |  | 36,222 |  | 35,993
Chile |  | 25,371 |  | 24,638
Other countries |  | 5,005 |  | 4,782
|  | $ 107,162 |  | $ 107,418
Total goodwill and intangible assets |  | $ 107,183 |  | $ 107,464
Consolidated Net Revenues by Similar Products and Services |
|  | Six months Ended June 30, |  | Three months Ended June 30,
Consolidated Net Revenues |  | 2019 |  | 2018 |  | 2019 |  | 2018
|  | (In thousands) |  | (In thousands)
Enhanced Marketplace (*) |  | $ 541,333 |  | $ 296,897 |  | $ 288,298 |  | $ 156,202
Non-marketplace (**) (***) |  | 477,679 |  | 359,456 |  | 256,944 |  | 179,175
Total |  | $ 1,019,012 |  | $ 656,353 |  | $ 545,242 |  | $ 335,377
(*) Includes Final Value Fees and Shipping fees. (**) Includes, among other things, Ad Sales, Classified Fees, Payment Fees and other ancillary services. (***) Includes $408,191 thousands and $288,678 thousands of Payment Fees for the six-month periods ended June 30, 2019 and 2018, respectively.

X
- Definition Entity wide disclosure on geographic areas goodwill and intangible assets. + References No definition available. + Details
Name: | meli_EntityWideDisclosureOnGeographicAreasGoodwillAndIntangibleAssetsTableTextBlock
Namespace Prefix: | meli_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration