MercadoLibre, Inc.

NasdaqGS-MELI

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Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	2,077	1,911	987	482	83	-1	-172	-36.6	13.8	136.4	105.8
Net Income
Depreciation & Amortization	732	617	524	403	204	105	73.3	45.8	40.9	29	23.2
Depreciation and Amortization
Stock Based Compensation	303	261	167	84	89	131	52.1	27.5	35.7	23	10.2
Stock-Based Compensation Expense
Stock-Based Compensation Expense - Restricted Shares
Long Term Retention Program Accrued Compensation
Other Adjustments	2,276	1,709	1,412	1,437	555	123	93.2	-87.9	83.1	4.5	39.8
Net Income Attributable to Redeemable Noncontrolling Interest
Net Income Attributable to Redeemable Non-Controlling Interest
Equity in Earnings of Unconsolidated Entity
Unrealized Foreign Currency Losses, Net
Impairment of Long-Lived Assets
Loss on Deconsolidation of Venezuelan Subsidiaries
Impairment of Digital Assets
Accretion of Discount
Accrued Interest and Financial Income
Non Cash Interest Expense and Amortization of Debt Issuance Costs and Other Charges
Realized Gains on Investments
Unrealized Gains on Investments
Provision for Doubtful Accounts
Provision for Contingencies
Results on Derivative Instruments
Cumulative Effect of Change in Accounting Principle
Sale of Fixed Assets and Intangible Assets
Results on Digital Assets at Fair Value
Change in Fair Value of Warrants
Deferred Income Taxes
Changes in Trade Receivables	-2,275	-2,687	-1,413	-1,155	-1,089	-510	-29.8	15.6	-279.1	-196	-145.6
Accounts Receivable
Funds Receivable from Customers
Change in Credit Card Receivables and Other Means of Payments
Changes in Inventories	-190	-113	-69	114	-142	-107	-4.1	-3	-1.5	-0.8	-0.2
Inventories
Changes in Accounts Payable	6,906	6,413	3,420	1,621	1,497	1,522	410.8	265.5	392.3	212	183
Payables and Accrued Expenses
Funds Payable to Customers
Amounts Payable Due to Credit and Debit Card Transactions
Changes in Other Operating Activities	147	-193	112	-46	-232	-81	27.7	4	-15.9	-17.9	5.2
Change in Prepaid Expenses
Other Assets
Provisions
Other Liabilities
Accrued Interest
Interest Received from Investments
Cash from Operating Activities	9,831	7,918	5,140	2,940	965	1,182	451.1	230.9	269	190.3	221.4
Net Cash Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-1,221	-860	-509	-455	-573	-247	-136.8	-97.6	-74.9	-76.9	-62.5
Purchases of Property and Equipment
Advance for Property and Equipment
Investments in Property and Equipment, Intangible Assets and Intangible Assets at Fair Value
Purchases of Intangible Assets	—	—	—	—	-36	—	-0.1	-0.2	-0	-0.4	-1.7
Purchase of Intangible Assets
Purchases of Intangible Assets
Purchases of Investments	-14,210	-16,710	-18,936	-12,694	-7,371	-5,200	-4,490.7	-3,176.1	-4,553.6	-3,501.3	-1,949.8
Purchases of Investments
Proceeds from Sale of Investments	15,115	13,962	18,100	11,023	7,801	5,533	3,353.6	2,662.8	4,713.9	3,508.3	1,875.5
Proceeds from Sale and Maturity of Investments
Payments for Business Acquisitions	—	-6	—	—	-51	-7	—	-4.2	-8.6	-7.3	-45
Payments for Acquired Businesses, Net of Cash Acquired
Payment of Remaining Amount from Business Acquisition
Other Investing Activities	-5,983	-4,673	-2,105	-1,745	-1,367	-331	-173.8	-57.2	-99.5	-6.6	—
Reduction of Cash Due to Venezuela Deconsolidation
Capital Contributions in Joint Ventures
Receipts from Settlements of Derivative Instruments
Payments from Settlements of Derivative Instruments
Changes in Loans Receivable, Net
Cash from Investing Activities	-6,306	-8,287	-3,450	-3,871	-1,597	-252	-1,447.8	-672.5	-22.6	-84.2	-183.5
Net Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Issuance / (Repayments) of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Change in Short Term Debt
Change in Short Term Debt
Issuance of Long-Term Debt	37,600	19,472	24,963	17,017	9,262	2,396	629.9	1,116.9	47.9	11.4	5
Funds Received from the Issuance of Convertible Notes
Proceeds from Loans Payable and Other Financial Liabilities
Repayments of Long-Term Debt	-35,267	-17,461	-24,841	-15,933	-8,650	-1,785	-472.9	-488.2	-5	-6.7	-9.1
Transaction Costs from the Issuance of Convertible Notes
Payments on Convertible Note
Payments on Loans Payable and Other Financing Liabilities
Exercise of Convertible Notes
Payments on Repurchase of the 2028 Notes
Net Issuance / (Repayments) of Long-Term Debt	2,333	2,011	122	1,084	612	611	157	628.7	42.9	4.8	-4
Issuance of Common Shares	—	—	—	—	1,917	—	1,867.2	136.1	—	—	—
Stock Options Exercised
Exercise of Warrants
Proceeds from Issuance of Common Stock, Net
Unwind of Convertible Note Capped Calls
Repurchases of Common Shares	—	-1	-356	-148	-486	-54	-0.7	—	—	—	-2.7
Common Stock Repurchased
Net Issuance / (Repurchases) of Common Shares	—	-1	-356	-148	1,431	-54	1,866.5	136.1	—	—	-2.7
Issuance of Preferred Shares	—	—	—	—	—	—	98.7	—	—	—	—
Proceeds from Issuance of Convertible Redeemable Preferred Stock, Net
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—	—	98.7	—	—	—	—
Common Share Dividends Paid	—	—	—	—	—	—	—	-6.6	-26.5	-24.4	-21
Dividends Paid
Preferred Share Dividends Paid	—	—	—	—	—	-3	-2.8	—	—	—	—
Dividends Paid of Preferred Stock
Other Financing Activities	-53	-51	-33	-20	-118	-312	-98.3	-149.3	-67.3	—	—
Payments of Finance Lease Liabilities
Purchase of Convertible Note Capped Calls
Cash from Financing Activities	2,279	1,959	-267	916	1,925	242	2,021	608.9	-50.9	-19.7	-27.7
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	8,610	7,058	4,631	2,485	392	935	314.3	133.3	194.2	113.3	158.8
NOPAT	2,306	2,067.4	1,398.4	660.6	168.3	-1.6	-245.6	-38.8	14.3	133.2	97.8
Levered Free Cash Flow	10,784	9,786	4,587	3,203	1,449	1,802	355.9	806.8	397.6	286.6	250.4
Unlevered Free Cash Flow	8,680	7,931.4	4,876.4	2,297.6	922.3	1,190.4	125.3	175.9	355.2	278.7	246.5
Net Change in Cash	5,804	1,590	1,423	-15	1,293	1,172	1,024.3	167.3	195.5	86.3	10.1