MercadoLibre Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	2,077	1,911	987	482	83	-1
Depreciation & Amortization	732	617	524	403	204	105
Loss (Gain) on Equity Investments	-	-	-3	-	9	-
Stock-Based Compensation	303	261	167	84	89	131
Provision & Write-off of Bad Debts	2,635	1,858	1,050	1,073	435	133
Other Operating Activities	120	80	620	487	146	42
Change in Accounts Receivable	-107	-157	-92	-71	-26	12
Change in Inventory	-190	-113	-69	114	-142	-107
Change in Accounts Payable	1,356	1,595	1,225	449	380	584
Change in Other Net Operating Assets	2,905	1,866	731	-81	-213	283
Operating Cash Flow	9,831	7,918	5,140	2,940	965	1,182
Operating Cash Flow Growth	42.02%	54.05%	74.83%	204.66%	-18.36%	162.03%
Capital Expenditures	-1,221	-860	-509	-455	-573	-247
Cash Acquisitions	-6	-6	-	-	-51	-7
Sale (Purchase) of Intangibles	-	-	-	-	-36	-
Investment in Securities	905	-2,748	-836	-1,671	425	333
Other Investing Activities	-26	15	-58	-44	-14	14
Investing Cash Flow	-6,306	-8,287	-3,450	-3,871	-1,597	-252
Long-Term Debt Issued	-	19,472	24,963	17,017	9,262	2,396
Long-Term Debt Repaid	-	-17,512	-24,874	-15,953	-8,667	-1,790
Net Debt Issued (Repaid)	2,280	1,960	89	1,064	595	606
Issuance of Common Stock	-	-	-	-	1,520	-
Repurchase of Common Stock	-1	-1	-356	-148	-486	-54
Preferred Dividends Paid	-	-	-	-	-	-3
Dividends Paid	-	-	-	-	-	-3
Other Financing Activities	-	-	-	-	296	-307
Financing Cash Flow	2,279	1,959	-267	916	1,925	242
Foreign Exchange Rate Adjustments	-83	-739	-938	-270	-153	-115
Net Cash Flow	5,721	851	485	-285	1,140	1,057
Free Cash Flow	8,610	7,058	4,631	2,485	392	935
Free Cash Flow Growth	39.16%	52.41%	86.36%	533.93%	-58.07%	197.49%
Free Cash Flow Margin	32.87%	33.97%	30.65%	23.05%	5.54%	23.53%
Free Cash Flow Per Share	169.83	139.22	90.79	48.41	7.87	18.80
Cash Interest Paid	456	456	608	247	58	54
Cash Income Tax Paid	1,052	1,052	651	437	282	140
Levered Free Cash Flow	-4,066	346.25	1,381	-97.75	-1,204	-64.94
Unlevered Free Cash Flow	-3,968	449.38	1,489	-13.38	-1,103	1.94
Change in Working Capital	3,964	3,191	1,795	411	-1	772

Source: S&P Global Market Intelligence. Standard template. Financial Sources.