01—Abstract
Summary
Summary of the 10-K filed February 26, 2010. Cited figures are marked; the original filing is the authoritative source.
MercadoLibre Inc. (MELI) filed its 2009 annual report on February 25, 2010, detailing its business operations and financial performance for the year ending December 30, 2009.
As a leading e-commerce platform in Latin America, the company experienced growth in its core marketplace and payment solutions segments during this period. Investors should note the company's focus on expanding its user base, enhancing its technology infrastructure, and navigating the dynamic economic and regulatory landscape of the regions it operates in. The filing provides critical insights into MELI's competitive positioning, risk factors, and financial health.
Management's Discussion and Analysis (MD&A) offers a deeper look into the operational drivers of revenue and profitability, as well as the company's liquidity and capital resources. While the report does not contain specific financial figures here, it signifies the period leading up to a potentially significant growth phase for the company, highlighting its strategic initiatives and the challenges it faced in emerging markets.
02—Key points
Key Highlights
- Focus on growth in Latin America's e-commerce market.
- Detailed business overview including marketplace and payment solutions.
- Discussion of risk factors inherent in operating in emerging markets.
- Management's analysis of financial condition and results of operations.
- Information on corporate governance, executive compensation, and security ownership.
- Disclosure of legal proceedings and regulatory matters.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2009, Mercadolibre Inc kept $0.19.
- Revenue$172.8M100.0%
- Cost of revenue−$36.0M20.8%
- Gross profit$136.9M79.2%
- Operating costs−$80.9M46.8%
- Operating income$56.0M32.4%
- Interest, other & tax−$22.8M13.2%
- Net income$33.2M19.2%
Where FY2009 revenue went
$172.8M- Operating costs: $80.9M, 47% of revenue
- Cost of revenue: $36.0M, 21% of revenue
- Net income: $33.2M, 19% of revenue
- Interest, other & tax: $22.8M, 13% of revenue
Kept 19% as net income
Full revenue history →04—Financials
Financial Highlights
Figures from 10-KFY2009filed February 26, 2010Financial Statements
FY2009 against FY2008
| Line item | FY2009FY2008 | Change |
|---|---|---|
| Revenue | $172.84M$137.02M | +26.1% |
| Cost of Revenue | $35.96M$27.54M | +30.6% |
| Gross Profit | $136.89M$109.49M | +25.0% |
| Operating Expenses | $80.85M$71.96M | +12.4% |
| Operating Income | $56.03M$37.52M | +49.3% |
| Interest Expense | $214K$300K | −28.8% |
| Net Income | $33.21M$18.81M | +76.5% |
| EPS (Basic) | $0.75$0.43 | +74.4% |
| EPS (Diluted) | $0.75$0.42 | +78.6% |
| Shares Outstanding (Basic) | 44.09M44.24M | −0.3% |
| Shares Outstanding (Diluted) | 44.14M44.35M | −0.5% |
05—Questions
Frequently Asked Questions
What are the primary business segments of MercadoLibre Inc. as of the 2009 filing?
The primary business segments for MercadoLibre Inc. include its e-commerce marketplace, where users can buy and sell goods, and its payment solutions segment, which facilitates online transactions.
What key risks does MercadoLibre Inc. identify in its 2009 10-K?
The company likely identified risks associated with operating in diverse Latin American markets, including economic instability, currency fluctuations, evolving regulatory environments, competition, and the need to maintain and grow its technology infrastructure and user base.
Where can investors find detailed financial performance information for 2009?
Detailed financial performance for the year ended December 30, 2009, would be found within Item 6 (Selected Financial Data) and Item 7 (Management's Discussion and Analysis of Financial Condition and Results of Operations) of the 10-K filing.
What is the significance of the filing date (February 25, 2010) for the 2009 annual report?
The filing date indicates the report covers the full fiscal year 2009 and was filed shortly after the year-end, providing investors with timely information about the company's performance and strategic positioning as it entered 2010.
06—Continue