01—Abstract
Summary
Summary of the 10-K filed February 28, 2013. Cited figures are marked; the original filing is the authoritative source.
MercadoLibre, Inc. (MELI) filed its 2012 Form 10-K on February 27, 2013, reporting on its operations for the fiscal year ended December 31, 2012.
As a prominent player in Latin American e-commerce and digital payments, the company's filing provides investors with key insights into its performance and strategic positioning. The report confirms MELI's status as a large accelerated filer, underscoring its significant market capitalization and regulatory compliance. Investors will find crucial information regarding the company's business model, its expansive geographic reach within Latin America, and the inherent risks associated with operating in this dynamic region.
The filing details MELI's core operations, which encompass an online marketplace and a suite of financial services, including its payment solution, MercadoPago. Investors should pay close attention to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" (MD&A) section for a comprehensive understanding of the company's financial health, revenue drivers, cost structures, and forward-looking statements. The report also highlights the company's ongoing efforts to expand its services and user base, which are critical for its long-term growth trajectory in the rapidly evolving digital economy of Latin America.
02—Key points
Key Highlights
- MercadoLibre, Inc. is a large accelerated filer, indicating a substantial market presence and financial scale.
- The company operates primarily in the e-commerce and digital payments sectors across Latin America.
- Key business segments include the online marketplace and the MercadoPago payment platform.
- The filing includes "Management's Discussion and Analysis" providing insights into financial performance and future outlook.
- Risk factors, detailed in the filing, are crucial for understanding the operational and economic challenges in the Latin American markets.
- The report references the company's common stock being traded on the Nasdaq Global Market.
- The company has submitted and posted required Interactive Data Files electronically, demonstrating adherence to modern reporting standards.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2012, Mercadolibre Inc kept $0.27.
- Revenue$373.6M100.0%
- Cost of revenue−$98.1M26.3%
- Gross profit$275.5M73.7%
- Operating costs−$145.9M39.0%
- Operating income$129.7M34.7%
- Interest, other & tax−$28.4M7.6%
- Net income$101.2M27.1%
Where FY2012 revenue went
$373.6M- Operating costs: $145.9M, 39% of revenue
- Net income: $101.2M, 27% of revenue
- Cost of revenue: $98.1M, 26% of revenue
- Interest, other & tax: $28.4M, 7.6% of revenue
Kept 27% as net income
Full revenue history →04—Financials
Financial Highlights
Figures from 10-KFY2012filed February 28, 2013Financial Statements
FY2012 against FY2011
| Line item | FY2012FY2011 | Change |
|---|---|---|
| Revenue | $373.60M$298.93M | +25.0% |
| Cost of Revenue | $98.09M$72.06M | +36.1% |
| Gross Profit | $275.52M$226.88M | +21.4% |
| Operating Expenses | $145.86M$127.10M | +14.8% |
| Operating Income | $129.66M$99.77M | +30.0% |
| Net Income | $101.25M$76.80M | +31.8% |
| EPS (Basic) | $2.30$1.73 | +32.9% |
| EPS (Diluted) | $2.30$1.73 | +32.9% |
| Shares Outstanding (Basic) | 44.15M44.14M | 0.0% |
| Shares Outstanding (Diluted) | 44.15M44.15M | 0.0% |
05—Questions
Frequently Asked Questions
What are MercadoLibre's main business segments?
MercadoLibre's main business segments are its online marketplace, where buyers and sellers connect, and its digital payments platform, MercadoPago, which facilitates transactions.
What is the significance of MELI being a 'large accelerated filer'?
Being a 'large accelerated filer' means MercadoLibre meets specific thresholds for market value of its stock, public float, and filing history, indicating it is a well-established company with significant public trading volume and financial reporting standards.
Where does MercadoLibre primarily operate?
MercadoLibre primarily operates across various countries in Latin America, serving as a key e-commerce and payment platform in the region.
Where can I find information about the company's financial performance and future outlook?
Detailed information regarding MercadoLibre's financial condition, results of operations, and outlook can be found in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" (MD&A) section of the Form 10-K.
06—Continue