Financial Performance of Company's Reporting Segments |
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Year Ended December 31, 2016
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Brazil
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Argentina
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Mexico
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Venezuela
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Other Countries
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Total
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(In thousands)
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Net revenues
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$ 455,024
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$ 262,252
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$ 46,332
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$ 37,185
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$ 43,603
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$ 844,396
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Direct costs
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(270,922)
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(152,103)
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(40,951)
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(17,732)
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(31,549)
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(513,257)
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Impairment of Long-lived Assets
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-
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-
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-
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(13,717)
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-
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(13,717)
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Direct contribution
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184,102
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110,149
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5,381
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5,736
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12,054
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317,422
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Operating expenses and indirect costs of net revenues
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(136,366)
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Income from operations
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181,056
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Other income (expenses):
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Interest income and other financial gains
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35,442
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Interest expense and other financial losses
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(25,605)
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Foreign currency losses
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(5,565)
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Net income before income tax expense
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$ 185,328
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Year Ended December 31, 2015
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Brazil
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Argentina
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Mexico
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Venezuela
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Other Countries
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Total
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(In thousands)
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Net revenues
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$ 290,602
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$ 245,011
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$ 40,338
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$ 40,475
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$ 35,364
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$ 651,790
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Direct costs
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(180,394)
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(134,750)
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(31,282)
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(15,287)
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(24,605)
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(386,318)
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Impairment of Long-lived Assets
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-
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-
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-
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(16,226)
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-
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(16,226)
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Direct contribution
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110,208
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110,261
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9,056
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8,962
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10,759
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249,246
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Operating expenses and indirect costs of net revenues
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(110,050)
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Income from operations
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139,196
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Other income (expenses):
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Interest income and other financial gains
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20,561
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Interest expense and other financial losses
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(20,391)
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Foreign currency gains
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11,125
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Net income before income tax expense
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$ 150,491
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7.
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Segments (continued)
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Year Ended December 31, 2014
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Brazil
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Argentina
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Mexico
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Venezuela
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Other Countries
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Total
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(In thousands)
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Net revenues
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$ 273,638
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$ 150,668
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$ 37,669
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$ 58,026
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$ 36,535
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$ 556,536
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Direct costs
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(158,412)
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(81,273)
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(24,068)
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(16,584)
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(20,163)
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(300,500)
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Impairment of Long-lived Assets
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-
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-
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-
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(49,496)
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-
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(49,496)
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Direct contribution
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115,226
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69,395
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13,601
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(8,054)
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16,372
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206,540
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Operating expenses and indirect costs of net revenues
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(86,069)
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Income from operations
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120,471
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Other income (expenses):
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Interest income and other financial gains
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15,336
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Interest expense and other financial losses
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(11,659)
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Foreign currency losses
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(2,352)
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Net income before income tax expense
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$ 121,796
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Allocation of Long-Lived Tangible Assets Based on Geography |
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December 31,
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December 31,
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2016
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2015
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(In thousands)
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US property and equipment, net
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$ 9,771
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$ 12,756
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Other countries
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Argentina
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25,071
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22,379
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Brazil
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55,706
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17,150
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Mexico
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2,307
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2,475
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Venezuela
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21,615
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21,556
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Other countries
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9,791
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5,317
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$ 114,490
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$ 68,877
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Total property and equipment, net
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$ 124,261
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$ 81,633
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Allocation of Goodwill and Intangible Assets Based on Geography |
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December 31,
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December 31,
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2016
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2015
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(In thousands)
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US intangible assets
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$ 250
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$ 235
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Other countries goodwill and intangible assets
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Argentina
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7,717
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8,763
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Brazil
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31,170
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21,338
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Mexico
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38,860
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46,186
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Venezuela
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7,366
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7,217
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Other countries
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32,711
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31,797
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$ 117,824
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$ 115,301
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Total goodwill and intangible assets
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$ 118,074
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$ 115,536
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Consolidated Net Revenues by Similar Products and Services |
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Consolidated Net Revenues
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2016
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2015
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2014
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(In thousands)
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Marketplace
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$ 491,628
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$ 393,014
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$ 376,156
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Non-marketplace (*)
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$ 352,768
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$ 258,776
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$ 180,380
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Total
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$ 844,396
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$ 651,790
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$ 556,536
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(*)
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Includes, among other things, Ad Sales, Real Estate, Motors, Financing Fees, Off-platform Payment Fees, Shipping and other ancillary services.
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