XML 38 R27.htm IDEA: XBRL DOCUMENT v3.19.2

Fair Value Measurement of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2019

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		Unobservable		Balances as of		active markets for		Significant other		Unobservable
		June 30,		identical Assets		observable inputs		inputs		December 31,		identical Assets		observable inputs		inputs
Description		2019		(Level 1)		(Level 2)		(Level 3)		2018		(Level 1)		(Level 2)		(Level 3)
		(In thousands)
Assets
Cash and Cash Equivalents:
Money Market Funds		$                        168,741		$                        168,741		$                                 —		$                                 —		$                        179,252		$                        179,252		$                                 —		$                                 —
Restricted Cash and cash equivalents:
Money Market Funds		9,591		9,591		—				24,363		24,363		—		—
Investments:
Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee)		339,299		339,299		—		—		284,317		284,317		—		—
Sovereign Debt Securities		1,238,880		1,238,880		—		—		429,602		429,602		—		—
Corporate Debt Securities		255		250		5		—		262		237		25		—
Other Assets:
Firm commitments		1,030		—		—		1,030		—		—		—		—
Derivative Instruments		69		—		—		69		—		—		—		—
Total Financial Assets		$                     1,757,865		$                     1,756,761		$                                   5		$                            1,099		$                        917,796		$                        917,771		$                                 25		$                                 —
Liabilities:
Contingent considerations		$                            2,135		$                                 —		$                                 —		$                            2,135		$                            2,097		$                                 —		$                                 —		$                            2,097
Long-term retention plan		49,207		—		49,207		—		42,625		—		42,625		—
Derivative Instruments		1,030		—		—		1,030		—		—		—		—
Total Financial Liabilities		$                          52,372		$                                 —		$                          49,207		$                            3,165		$                          44,722		$                                 —		$                          42,625		$                            2,097

Fair Value of Financial Assets and Liabilities Measured at Amortized Cost

		Balances as of		Significant other		Balances as of		Significant other
		June 30,		observable inputs		December 31,		observable inputs
		2019		(Level 2)		2018		(Level 2)
		(In thousands)
Assets
Time Deposits		$                  414,777		$                  414,777		$                    20,056		$                    20,056
Accounts receivable		40,175		40,175		35,153		35,153
Credit Cards receivable		433,046		433,046		360,298		360,298
Loans receivable, net		192,881		192,881		95,778		95,778
Other assets		116,233		116,233		102,753		102,753
Total Assets		$               1,197,112		$               1,197,112		$                  614,038		$                  614,038
Liabilities
Accounts payable and accrued expenses		$                  314,703		$                  314,703		$                  266,759		$                  266,759
Funds payable to customers		778,128		778,128		640,954		640,954
Salaries and social security payable		52,448		52,448		40,942		40,942
Taxes payable		45,672		45,672		31,058		31,058
Operating lease liabilities		161,512		161,512		—		—
Loans payable and other financial liabilities (*)		782,653		846,875		735,177		735,177
Other liabilities		64,395		64,395		51,509		51,509
Total Liabilities		$               2,199,511		$               2,263,733		$               1,766,399		$               1,766,399

(*) The fair value of the 2019 Notes and the 2028 Notes (including the equity component) are disclosed in Note 9.

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

	June 30, 2019
	Cost		Gross Unrealized Gains (1)		Gross Unrealized Losses (1)		Financial Gains		Estimated Fair Value
	(In thousands)
Cash and cash equivalents
Money Market Funds	$                  168,741		$                           —		$                           —		$                           —		$                  168,741
Total Cash and cash equivalents	$                  168,741		$                           —		$                           —		$                           —		$                  168,741
Restricted cash and cash equivalents
Money Market Funds	$                      9,591		$                           —		$                           —		$                           —		$                      9,591
Total Restricted cash and cash equivalents	$                      9,591		$                           —		$                           —		$                           —		$                      9,591
Short-term investments
Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee) (*)	$                  337,301		$                           —		$                           —		$                      1,998		$                  339,299
Sovereign Debt Securities (**)	1,032,882		599		—		1,723		1,035,204
Corporate Debt Securities	74		—		—		—		74
Total Short-term investments	$               1,370,257		$                         599		$                           —		$                      3,721		$               1,374,577
Long-term investments
Sovereign Debt Securities	$                  201,250		$                      2,425		$                           —		$                             1		$                  203,676
Corporate Debt Securities	179		2		—		—		181
Total Long-term investments	$                  201,429		$                      2,427		$                           —		$                             1		$                  203,857
Total	$               1,750,018		$                      3,026		$                           —		$                      3,722		$               1,756,766

(1) Unrealized gains (losses) from securities are attributable to market price movements, net foreign exchange losses and foreign currency translation. 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 June 30, 2019.

(*) Brazilian government bonds measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 – Fair value option applied to certain financial instruments)

(**) Includes $809,380 thousands of U.S treasury notes measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 – Fair value option applied to certain financial instruments)

‎

	December 31, 2018
	Cost		Gross Unrealized Gains (1)		Gross Unrealized Losses (1)		Estimated Fair Value
	(In thousands)
Cash and cash equivalents
Money Market Funds	$                  179,252		$                           —		$                           —		$                  179,252
Total Cash and cash equivalents	$                  179,252		$                           —		$                           —		$                  179,252
Restricted Cash and cash equivalents
Money Market Funds	$                    24,363		$                           —		$                           —		$                    24,363
Total Restricted Cash and cash equivalents	$                    24,363		$                           —		$                           —		$                    24,363
Short-term investments
Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee)	$                  282,752		$                      1,565		$                           —		$                  284,317
Sovereign Debt Securities	156,910		237		—		157,147
Corporate Debt Securities	21		—		—		21
Total Short-term investments	$                  439,683		$                      1,802		$                           —		$                  441,485
Long-term investments
Sovereign Debt Securities	$                  271,024		$                      1,431		$                           —		$                  272,455
Corporate Debt Securities	244		—		(3)		241
Total Long-term investments	$                  271,268		$                      1,431		$                           (3)		$                  272,696
Total	$                  914,566		$                      3,233		$                           (3)		$                  917,796

(1)Unrealized gains (losses) from securities are attributable to market price movements, net foreign exchange losses and foreign currency translation. 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 December 31, 2018.

Estimated Fair Values of Cash Equivalents, Short-Term and Long-Term Investments, Effective Maturities

One year or less		1,552,909
One year to two years		203,672
Two years to three years		52
Three years to four years		54
Four years to five years		79
Total		$                1,756,766

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

No definition available.

+ 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

+ 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