20190331Q1

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

0001562762-19-000123.txt : 20190503 0001562762-19-000123.hdr.sgml : 20190503 20190503160352 ACCESSION NUMBER: 0001562762-19-000123 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 81 CONFORMED PERIOD OF REPORT: 20190331 FILED AS OF DATE: 20190503 DATE AS OF CHANGE: 20190503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MERCADOLIBRE INC CENTRAL INDEX KEY: 0001099590 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 980212790 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33647 FILM NUMBER: 19796082 BUSINESS ADDRESS: STREET 1: ARIAS 3751, 7TH FLOOR CITY: BUENOS AIRES STATE: C1 ZIP: C1430CRG BUSINESS PHONE: 000-000-0000 MAIL ADDRESS: STREET 1: ARIAS 3751, 7TH FLOOR CITY: BUENOS AIRES STATE: C1 ZIP: C1430CRG 10-Q 1 meli-20190331x10q.htm 10-Q 20190331Q1

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)


☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2019

-OR-


☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 001-33647

MercadoLibre, Inc.

(Exact name of Registrant as specified in its Charter)



Delaware		98-0212790
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)

Arias 3751, 7th Floor

Buenos Aires, Argentina, C1430CRG

(Address of registrant’s principal executive offices)

(+5411) 4640-8000

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files. Yes ☒ No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definition of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒



8
Securities registered pursuant to Section 12(b) of the Act:
Title of Class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value per share	MELI	Nasdaq Global Select Market

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

49,318,513 shares of the issuer’s common stock, $0.001 par value, outstanding as of May 1, 2019.

Table of Contents

MERCADOLIBRE, INC.

INDEX TO FORM 10-Q


PART I. FINANCIAL INFORMATION
Item 1 — Unaudited Interim Condensed Consolidated Financial Statements
Interim Condensed Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018	1
Interim Condensed Consolidated Statements of Income for the three-month periods ended March 31, 2019 and 2018	2
Interim Condensed Consolidated Statements of Comprehensive Income for the three-month periods ended March 31, 2019 and 2018	3
Interim Condensed Consolidated Statements of Equity for the three-month periods ended March 31, 2019 and 2018	4
Interim Condensed Consolidated Statements of Cash Flows for the three-month periods ended March 31, 2019 and 2018	5
Notes to Interim Condensed Consolidated Financial Statements (unaudited)	6
Item 2 — Management’s Discussion and Analysis of Financial Condition and Results of Operations	27
Item 3 — Qualitative and Quantitative Disclosures About Market Risk	46
Item 4 — Controls and Procedures	49
PART II. OTHER INFORMATION	50
Item 1 — Legal Proceedings	50
Item 1A — Risk Factors	50
Item 6 — Exhibits	50
INDEX TO EXHIBITS	50

Table of Contents

MercadoLibre, Inc.

Interim Condensed Consolidated Financial Statements

as of March 31, 2019 and December 31, 2018

and for the three-month periods

ended March 31, 2019 and 2018

Table of Contents

MercadoLibre, Inc.

Interim Condensed Consolidated Balance Sheets

As of March 31, 2019 and December 31, 2018

(In thousands of U.S. dollars, except par value)

(Unaudited)


	March 31,	December 31,
	2019	2018
Assets
Current assets:
Cash and cash equivalents	$ 1,295,886	$ 440,332
Restricted cash and cash equivalents	10,375	24,363
Short-term investments (238,029 and 284,317 held in guarantee)	1,648,457	461,541
Accounts receivable, net	34,524	35,153
Credit cards receivable, net	308,468	360,298
Loans receivable, net	134,640	95,778
Prepaid expenses	24,132	27,477
Inventory	3,003	4,612
Other assets	60,968	61,569
Total current assets	3,520,453	1,511,123
Non-current assets:
Long-term investments	275,432	276,136
Property and equipment, net	188,956	165,614
Operating lease right-of-use assets	153,499	—
Goodwill	89,827	88,883
Intangible assets, net	17,683	18,581
Deferred tax assets	160,846	141,438
Other assets	41,464	37,744
Total non-current assets	927,707	728,396
Total assets	$ 4,448,160	$ 2,239,519
Liabilities
Current liabilities:
Accounts payable and accrued expenses	$ 246,767	$ 266,759
Funds payable to customers	680,746	640,954
Salaries and social security payable	76,123	60,406
Taxes payable	34,414	31,058
Loans payable and other financial liabilities	141,162	132,949
Operating lease liabilities	12,585	—
Other liabilities	56,418	34,098
Total current liabilities	1,248,215	1,166,224
Non-current liabilities:
Salaries and social security payable	31,827	23,161
Loans payable and other financial liabilities	602,061	602,228
Operating lease liabilities	143,047	—
Deferred tax liabilities	97,006	91,698
Other liabilities	13,258	19,508
Total non-current liabilities	887,199	736,595
Total liabilities	$ 2,135,414	$ 1,902,819

Redeemable convertible preferred stock, $0.001 par value, 40,000,000 shares
authorized, 100,000 shares issued and outstanding at March 31, 2019 (Note 10)	$ 98,688	$ —

Equity

Common stock, $0.001 par value, 110,000,000 shares authorized,
49,318,498 and 45,202,859 shares issued and outstanding at March 31,
2019 and December 31, 2018	$ 49	$ 45
Additional paid-in capital	2,097,142	224,800
Retained earnings	509,455	503,432
Accumulated other comprehensive loss	(392,588)	(391,577)
Total Equity	2,214,058	336,700
Total Liabilities, Redeemable convertible preferred stock and Equity	$ 4,448,160	$ 2,239,519

The accompanying notes are an integral part of these interim condensed consolidated financial statements.

Table of Contents

MercadoLibre, Inc.

Interim Condensed Consolidated Statements of Income

For the three-month periods ended March 31, 2019 and 2018

(In thousands of U.S. dollars, except for share data)

(Unaudited)


	Three Months Ended March 31,
	2019	2018
Net revenues	$ 473,770	$ 320,976
Cost of net revenues	(236,766)	(158,218)
Gross profit	237,004	162,758
Operating expenses:
Product and technology development	(52,369)	(38,396)
Sales and marketing	(130,676)	(110,723)
General and administrative	(43,820)	(43,058)
Total operating expenses	(226,865)	(192,177)
Income (loss) from operations	10,139	(29,419)

Other income (expenses):
Interest income and other financial gains	24,444	9,195
Interest expense and other financial losses	(15,559)	(10,734)
Foreign currency (losses) gains	(3,669)	5,601
Net income (loss) before income tax (expense) gain	15,355	(25,357)

Income tax (expense) gain	(3,491)	12,438
Net income (loss)	$ 11,864	$ (12,919)


	Three Months Ended March 31,
	2019	2018
Basic EPS
Basic net income (loss)
Available to shareholders per common share	$ 0.13	$ (0.29)
Weighted average of outstanding common shares	45,980,255	44,157,364
Diluted EPS
Diluted net income (loss)
Available to shareholders per common share	$ 0.13	$ (0.29)
Weighted average of outstanding common shares	45,980,255	44,157,364

The accompanying notes are an integral part of these interim condensed consolidated financial statements.

Table of Contents

MercadoLibre, Inc.

Interim Condensed Consolidated Statements of Comprehensive Income

For the three-month periods ended March 31, 2019 and 2018

(In thousands of U.S. dollars)

(Unaudited)


	Three Months Ended March 31,
	2019	2018
Net income (loss)	$ 11,864	$ (12,919)
Other comprehensive income (loss), net of income tax:
Currency translation adjustment	(294)	(15,573)
Unrealized net gains (losses) on available for sale investments	2,012	(24)
Less: Reclassification adjustment for gains from accumulated other comprehensive income	2,729	796
Net change in accumulated other comprehensive loss, net of income tax	(1,011)	(16,393)
Total Comprehensive income (loss)	$ 10,853	$ (29,312)

The accompanying notes are an integral part of these interim condensed consolidated financial statements.

Table of Contents

MercadoLibre, Inc.

Interim Condensed Consolidated Statements of Equity

For the three-month periods ended March 31, 2019 and 2018

(In thousands of U.S. dollars)

(Unaudited)


									Accumulated
					Additional				other
	Common stock				paid-in		Retained		comprehensive		Total
	Shares		Amount		capital		Earnings		loss		Equity
Balance as of December 31, 2018	45,203	$	45	$	224,800	$	503,432	$	(391,577)	$	336,700

Common Stock issued	4,116		4		1,866,496		—		—		1,866,500
Exercise of convertible notes	—		—		2		—		—		2
Unwind Capped Call	—		—		3		—		—		3
Net income	—		—		—		11,864		—		11,864
Amortization of Preferred Stock discount	—		—		5,841		(5,841)		—		—
Other comprehensive loss	—		—		—		—		(1,011)		(1,011)
Balance as of March 31, 2019	49,319	$	49	$	2,097,142	$	509,455	$	(392,588)	$	2,214,058


									Accumulated
					Additional				other
	Common stock				paid-in		Retained		comprehensive		Total
	Shares		Amount		capital		Earnings		loss		Equity
Balance as of December 31, 2017	44,157	$	44	$	70,661	$	537,925	$	(282,851)	$	325,779

Capped Call	—		—		(45,692)		—		—		(45,692)
Changes in accounting Standards	—		—		—		2,092		—		2,092
Net loss	—		—		—		(12,919)		—		(12,919)
Other comprehensive loss	—		—		—		—		(16,393)		(16,393)
Balance as of March 31, 2018	44,157	$	44	$	24,969	$	527,098	$	(299,244)	$	252,867

The accompanying notes are an integral part of these interim condensed consolidated financial statements.

Table of Contents

MercadoLibre, Inc.

Interim Condensed Consolidated Statements of Cash Flow

For the three-month periods ended March 31, 2019 and 2018

(In thousands of U.S. dollars)

(Unaudited)


	Three Months Ended March 31,
	2019	2018

Cash flows from operations:
Net income (loss)	$ 11,864	$ (12,919)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Unrealized devaluation loss, net	1,886	—
Depreciation and amortization	15,694	11,084
Accrued interest	(8,699)	(4,447)
Non cash interest and convertible notes amortization of debt discount and amortization of debt issuance costs	3,018	7,063
LTRP accrued compensation	13,441	15,737
Deferred income taxes	(14,456)	(30,601)
Changes in assets and liabilities:
Accounts receivable	337	(9,347)
Credit card receivables	35,893	(33,870)
Prepaid expenses	3,316	(16,164)
Inventory	1,652	(872)
Other assets	(5,085)	(13,009)
Accounts payable and accrued expenses	(491)	22,773
Funds payable to customers	63,730	20,613
Other liabilities	12,735	3,041
Interest received from investments	3,536	3,912
Net cash provided by (used in) operating activities	138,371	(37,006)
Cash flows from investing activities:
Purchase of investments	(1,624,226)	(632,734)
Proceeds from sale and maturity of investments	439,712	683,909
Purchases of intangible assets	(34)	(97)
Advance for property and equipment	—	(3,390)
Changes in principal of loans receivable, net	(42,609)	(52,243)
Purchases of property and equipment	(32,928)	(19,542)
Net cash used in investing activities	(1,260,085)	(24,097)
Cash flows from financing activities:
Purchase of convertible note capped call	—	(45,692)
Proceeds from loans payable and other financial liabilities	33,977	80,925
Payments on loans payable and other financing liabilities	(23,816)	(4,583)
Payment of finance lease obligations	(662)	—
Dividends paid	—	(6,624)
Proceeds from issuance of convertible redeemable preferred stock, net	98,688	—
Proceeds from issuance of common stock, net	1,866,500	—
Net cash provided by financing activities	1,974,687	24,026
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents	(11,407)	(772)
Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents	841,566	(37,849)
Cash, cash equivalents, restricted cash and cash equivalents, beginning of the period	$ 464,695	$ 388,260
Cash, cash equivalents, restricted cash and cash equivalents, end of the period	$ 1,306,261	$ 350,411

The accompanying notes are an integral part of these interim condensed consolidated financial statements.

Table of Contents

1. Nature of Business

MercadoLibre, Inc. (“MercadoLibre” or the “Company”) was incorporated in the state of Delaware, in the United States of America in October 1999. MercadoLibre is the largest online commerce ecosystem in Latin America, serving as an integrated regional platform and as a provider of the necessary online and technology-based tools that allow businesses and individuals to trade products and services in the region. The Company enables commerce through its marketplace platform (including online classifieds for motor vehicles, vessels, aircraft, services and real estate), which allows users to buy and sell in most of Latin America.

Through Mercado Pago, the Company’s FinTech solution, MercadoLibre enables individuals and businesses to send and receive online payments; through Mercado Envios, MercadoLibre facilitates the shipping of goods from sellers to buyers; through our advertising products, MercadoLibre facilitates advertising services for large retailers and brands to promote their product and services on the web; through MercadoShops, MercadoLibre allows users to set-up, manage, and promote their own on-line web-stores under a subscription-based business model; through MercadoCredito, MercadoLibre extends loans to certain merchants and consumers; and through MercadoFondo, MercadoLibre allows users to invest funds deposited in their Mercado Pago accounts. In addition, MercadoLibre develops and sells software enterprise solutions to e-commerce business clients in Brazil.

As of March 31, 2019, MercadoLibre, through its wholly-owned subsidiaries, operated online ecommerce platforms directed towards Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Peru, Mexico, Panama, Honduras, Nicaragua, El Salvador, Uruguay, Bolivia, Guatemala, Paraguay and Venezuela. Additionally, MercadoLibre operates an online payments solution in Argentina, Brazil, Mexico, Colombia, Chile, Peru and Uruguay. It also offers a shipping solution directed towards Argentina, Brazil, Mexico, Colombia, Chile and Uruguay. In addition, the Company operates a real estate classified platform that covers some areas of State of Florida, in the United States of America.

2. Summary of significant accounting policies

Basis of presentation

The accompanying unaudited interim condensed consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) and include the accounts of the Company, its wholly-owned subsidiaries and consolidated Variable Interest Entities (“VIE”). These interim condensed consolidated financial statements are stated in U.S. dollars, except where otherwise indicated. Intercompany transactions and balances with subsidiaries have been eliminated for consolidation purposes.

Substantially all net revenues, cost of net revenues and operating expenses are generated in the Company’s foreign operations. Long-lived assets, intangible assets and goodwill located in the foreign jurisdictions totaled $294,120 thousands and $270,073 thousands as of March 31, 2019 and December 31, 2018, respectively.

These interim condensed consolidated financial statements reflect the Company’s consolidated financial position as of March 31, 2019 and December 31, 2018. These financial statements include the Company’s consolidated statements of income, comprehensive income, equity and of cash flows for the three-month periods ended March 31, 2019 and 2018. These interim condensed consolidated financial statements include all normal recurring adjustments that Management believes are necessary to fairly state the Company’s financial position, operating results and cash flows.

Because all of the disclosures required by U.S. GAAP for annual consolidated financial statements are not included herein, these unaudited interim condensed financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto for the year ended December 31, 2018, contained in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”). The condensed consolidated statements of income, comprehensive income, equity and cash flows for the periods presented herein are not necessarily indicative of results expected for any future period. For a more detailed discussion of the Company’s significant accounting policies, see note 2 to the financial statements in the Company’s Form 10-K for the year ended December 31, 2018. During the three-month period ended March 31, 2019, there were no material updates made to the Company’s significant accounting policies, except for the adoption of ASC 842 and the investments fair value option as of January 1, 2019. See Note 2 to these interim condensed consolidated financial statements for more details.

Table of Contents

Cash and cash equivalents

Cash, cash equivalents and restricted cash and cash equivalents of $1,306,261 thousands and $464,695 thousands as reported in the consolidated statements of cash flow as of March 31, 2019 and December 31, 2018, respectively, is the sum of $1,295,886 thousands and $10,375 thousands as of March 31, 2019 and the sum of $440,332 thousands and $24,363 thousands as of December 31, 2018 shown in lines Cash and cash equivalents and Restricted cash and cash equivalents of the consolidated balance sheet.

Revenue recognition

Revenue recognition criteria for the services mentioned above are described in note 2 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.

Contract Balances

Timing of revenue recognition may differ from the timing of invoicing to customers. Receivables represent amounts invoiced and revenue recognized prior to invoicing when the Company has satisfied the performance obligation and has the unconditional right to payment. The allowance for doubtful accounts, loans receivable and chargebacks is estimated based upon our assessment of various factors including historical experience, the age of the accounts receivable balances, current economic conditions and other factors that may affect our customers’ ability to pay. The allowance for doubtful accounts, loans receivable and chargebacks was $26,783 thousands and $23,411 thousands as of March 31, 2019 and December 31, 2018, respectively.

Deferred revenue consists of fees received related to unsatisfied performance obligations at the end of the period in accordance with ASC 606. Due to the generally short-term duration of contracts, the majority of the performance obligations are satisfied in the following reporting period. Deferred revenue as of December 31, 2018 and 2017 was $5,918 thousands and $6,116 thousands, respectively, of which $3,188 thousands and $4,316 thousands were recognized as revenue during the three-month periods ended March 31, 2019 and 2018, respectively.

As of March 31, 2019, total deferred revenue was $5,958 thousands, mainly due to fees related to listing and optional feature services billed and loyalty programs that are expected to be recognized as revenue in the coming months.

Leases

The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities in the consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term, which is a non-monetary asset, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease, which is a monetary liability. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the leases do not provide an implicit rate, the Company uses incremental borrowing rates based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU asset also includes any lease prepaid payments made. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term.

According to transition guidance, finance leases that existed at December 31, 2018 are included in property and equipment, and loans payable and other financial liabilities in the consolidated balance sheets.

Foreign currency translation

All of the Company’s consolidated foreign operations use the local currency as their functional currency, except for Argentina, which has used the U.S. dollar as its functional currency since July 1, 2018, as described below. Accordingly, the foreign subsidiaries with local currency as functional currency translate assets and liabilities from their local currencies into U.S. dollars by using year-end exchange rates while income and expense accounts are translated at the average monthly rates in effect during the year, unless exchange rates fluctuate significantly during the period, in which case the exchange rates at the date of the transaction are used. The resulting translation adjustment is recorded as a component of other comprehensive income (loss).

Argentine currency status

As of July 1, 2018, the Company transitioned its Argentinian operations to highly inflationary status in accordance with U.S. GAAP, and changed the functional currency for Argentine subsidiaries from Argentine Pesos to U.S. dollars, which is the functional currency of their immediate parent company.

Table of Contents

Pursuant to the change in the functional currency, monetary assets and liabilities are remeasured at closing exchange rate, and non-monetary assets, revenues and expenses are remeasured at the rate prevailing on the date of the respective transaction. The effect of the re measurement is recognized as foreign currency (losses) gains.

Argentina is the second largest principal market of the Company’s business, as measured by net revenue (see Note 5 – Segment Reporting). The economic environment in Argentina has been volatile with weak economic conditions, devaluation of local currency, high interest rates, high level of inflation and a large public deficit which led Argentina to request financial assistance from the International Monetary Fund.

Income tax

The Company is subject to U.S. and foreign income taxes. The Company accounts for income taxes following the liability method of accounting which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. Deferred tax assets are also recognized for tax loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets or liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recorded when, based on the available evidence, it is more likely than not that all or a portion of the Company’s deferred tax assets will not be realized. The Company’s income tax expense consists of taxes currently payable, if any, plus the change during the period in the Company’s deferred tax assets and liabilities.

On August 17, 2011, the Argentine government issued a new software development law and on September 9, 2013 the Argentine government issued a regulatory decree establishing the requirements to become a beneficiary of the new software development law, including a requirement to comply with annual incremental ratios related to exports of services and research and development. The new law will expire on December 31, 2019.

The Argentine Industry Secretary approved the Company’s application for eligibility under the law for the Company’s Argentine subsidiary, Mercadolibre S.R.L. As a result, the Company’s Argentine subsidiary has been granted a tax holiday retroactive from September 18, 2014. A portion of the benefits obtained is a 60% relief of total income tax related to software development activities and a 70% relief of payroll taxes related to software development activities.

As a result of the Company’s eligibility under the new law, it recorded an income tax benefit of $3,319 thousands and $7,299 thousands during the three-month periods ended March 31, 2019 and 2018, respectively. Aggregate per share effect of the Argentine tax holiday amounted to $0.07 and $0.17 for the three-month periods ended March 31, 2019 and 2018, respectively. Furthermore, the Company recorded a labor cost benefit of $2,396 thousands and $2,016 thousands during the three-month periods ended March 31, 2019 and 2018, respectively. Additionally, $400 thousands and $652 thousands were accrued to pay software development law audit fees during the first quarter of 2019 and 2018, respectively.

Redeemable Convertible Preferred Stock

On March 29, 2019 an affiliate of Dragoneer Investment Group purchased, in a private placement, 100,000 shares of perpetual convertible preferred stock designated as Series A Preferred Stock, par value $0.001 per share (the “Preferred Stock”), of the Company for $100 million in the aggregate.

The Company determined that the shares of Preferred Stock should be classified as mezzanine equity upon their issuance since they are contingently redeemable as explained in Note 10. The Company also determined that there is a beneficial conversion feature of $5,841 thousands attributable to the Preferred Stock because the initial conversion price was lower than the fair value of MercadoLibre’s common stock on March 29, 2019 (the commitment date). The beneficial conversion feature was fully amortized at issuance, increasing the Preferred Stock’s carrying amount, since the shares of Preferred Stock are perpetual and the holders of Preferred Stock have the right to convert immediately.

In addition, the Company determined that there were no embedded derivatives requiring bifurcation.

Fair value option applied to certain financial instruments

Under ASC 825, U.S. GAAP provides an option to elect fair value with impact on the statement of income as an alternative measurement for certain financial instruments and other items on the balance sheet.

The Company has elected to measure certain financial assets at fair value with impact on the statement of income from January 1, 2019 for several reasons including to avoid the mismatch generated by the recognition of certain linked instruments / transactions, separately, in consolidated statement of income and consolidated statement of other comprehensive income and to better reflect the financial model applied for selected instruments.

Table of Contents

The Company’s election of the fair value option applies to the: i) Brazilian federal government bonds and ii) U.S. treasury notes. As result of the election of the fair value option, the Company recognized gains in interest income and other financial gains of $3,048 thousands for the period ended March 31, 2019.

Accumulated other comprehensive loss

The following table sets forth the Company’s accumulated other comprehensive loss as of March 31, 2019 and December 31, 2018:


	March 31,	December 31,
	2019	2018
	(In thousands)
Accumulated other comprehensive loss:
Foreign currency translation	$ (394,600)	$ (394,306)
Unrealized gains on investments	2,025	3,345
Estimated tax loss on unrealized gains on investments	(13)	(616)
	$ (392,588)	$ (391,577)

The following tables summarize the changes in accumulated balances of other comprehensive loss for the three-month period ended March 31, 2019:



	Unrealized	Foreign	Estimated tax
	(Losses) Gains on	Currency	(expense)
	Investments	Translation	benefit	Total
	(In thousands)
Balances as of December 31, 2018	$ 3,345	$ (394,306)	$ (616)	$ (391,577)
Other comprehensive income (loss) before reclassifications	2,025	(294)	(13)	1,718
Amount of loss (gain) reclassified from accumulated other comprehensive loss	(3,345)	—	616	(2,729)
Net current period other comprehensive income (loss)	(1,320)	(294)	603	(1,011)
Ending balance	$ 2,025	$ (394,600)	$ (13)	$ (392,588)



	Amount of (Loss) Gain
	Reclassified from
Details about Accumulated	Accumulated Other
Other Comprehensive Loss	Comprehensive	Affected Line Item
Components	Loss	in the Statement of Income
	(In thousands)
Unrealized gains on investments	$ 3,345	Interest income and other financial gains
Estimated tax gain on unrealized losses on investments	(616)	Income tax loss
Total reclassifications for the period	$ 2,729	Total, net of income taxes

Use of estimates

The preparation of interim condensed consolidated financial statements in conformity with U.S. GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are used for, but not limited to, accounting for allowances for doubtful accounts and chargeback provisions, allowance for loans receivables, recoverability of goodwill, intangible assets with indefinite useful lives and tax loss carryforwards, impairment of short-term and long-term investments, impairment of long-lived assets, compensation costs relating to the Company’s long term retention plan, fair value of convertible debt, fair value of investments, recognition of income taxes and contingencies and determination of the incremental borrowing rate at commencement date of lease operating agreements. Actual results could differ from those estimates.

Table of Contents

Recently Adopted Accounting Standards

In February 2016, the FASB issued a new standard related to leases to increase transparency and comparability among organizations by requiring the recognition of right-of-use (ROU) assets and lease liabilities on the balance sheet. Most prominent among the changes in the standard is the recognition of ROU assets and lease liabilities by lessees for those leases classified as operating leases under current U.S. GAAP. Leases are classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. Under the new standard, disclosures are required to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases.

The guidance permits the use of a modified retrospective approach, which requires an entity to recognize and measure leases existing at, or entered into after, the beginning of the earliest comparative period presented. Alternatively, the guidance permits a “Comparatives Under 840 Option” that changes the date of initial application to the beginning of the period of adoption. The Company elected the Comparatives Under 840 Option in which it must apply ASC 840 to all comparative periods, including disclosures, and there were no effects of applying ASC 842 as a cumulative-effect adjustment to retained earnings as of January 1, 2019. The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allows to carryforward the historical lease classification. In addition, the Company elected certain practical expedients and accounting policies including the lessee practical expedient to not separate lease components. The Company also made an accounting policy election to keep leases with an initial term of 12 months or less off of the balance sheet. The Company recognizes those lease payments in the Consolidated Statements of Income on a straight-line basis over the lease term.

The standard had a material impact on the Company’s consolidated balance sheets. The most significant impact was the recognition of ROU assets and lease liabilities for operating leases, while the accounting for existing finance leases remains substantially unchanged.

Recently issued accounting pronouncements not yet adopted

On June 16, 2016 the FASB issued the ASU 2016-13 “Financial Instruments-Credit Losses (Topic 326): Measurement of credit losses on financial instruments”. This update amends guidance on reporting credit losses for assets held at amortized cost basis and available for sale debt securities. For assets held at amortized cost basis, this update eliminates the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. For available for sale debt securities, credit losses should be measured in a manner similar to current GAAP, however this topic will require that credit losses be presented as an allowance rather than as a write-down. The new standard is effective for fiscal years beginning after December 15, 2019. The Company is assessing the effects that the adoption of this accounting pronouncement may have on its financial statements.

On August 28, 2018 the FASB issued the ASU 2018-13 “Fair value measurement (Topic 820): Disclosure Framework—Changes to the disclosure requirements for fair value measurement”. This update modified the disclosure requirements on fair value measurements based on concepts in the FASB Concepts Statement. The amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The adoption of this standard is not expected to have a material impact on the Company’s financial statements.

On August 29, 2018 the FASB issued the ASU 2018-15 “Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40)”. The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The amendments require an entity (customer) in a hosting arrangement that is a service contract to follow the guidance in Subtopic 350-40 to determine which implementation costs to capitalize as an asset related to the service contract and which costs to expense. The amendments in this update are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is assessing the effects that the adoption of this accounting pronouncement may have on its financial statements.

Table of Contents

3. Net income (loss) per share

Basic earnings per share for the Company’s common stock is computed by dividing, net income (loss) available to common shareholders attributable to common stock for the period by the weighted average number of common shares outstanding during the period.

On June 30, 2014, the Company issued $330 million of 2.25% Convertible Senior Notes due 2019 and on August 24, 2018 and August 31, 2018 the Company issued an aggregate principal amount of $880 million of 2.00% Convertible Senior Notes due 2028 (see Note 9 to these interim condensed consolidated financial statements). Additionally, on March 29, 2019 the Company issued Preferred Stock (see Note 2 and Note 10 to these interim condensed consolidated financial statements). The conversion of these notes and the Preferred Stock are included in the calculation for diluted earnings per share utilizing the “if converted” method. Accordingly, conversion of these Notes and the redeemable convertible preferred stock are not assumed for purposes of computing diluted earnings per share if the effect is antidilutive.

The denominator for diluted net income (loss) per share for the three-month periods ended March 31, 2019 and 2018 does not include any effect from the 2019 Notes Capped Call Transactions (as defined in Note 9) or the 2028 Notes Capped Call Transactions because it would be antidilutive. In the event of conversion of any or all of the 2019 Notes or the 2028 Notes, the shares that would be delivered to the Company under the Capped Call Transactions (as defined in Note 9) are designed to partially neutralize the dilutive effect of the shares that the Company would issue under the Notes. See Note 9 to these interim condensed consolidated financial statements and Note 17 of the financial statements as of December 31, 2018 on Form 10-K for more details. For the three-month periods ended March 31, 2019 and 2018, the effects of the Capped Call Transactions would have been antidilutive and, as a consequence, they were not factored into the calculation of diluted earnings per share.

Net income (loss) per share of common stock is as follows for the three-month periods ended March 31, 2019 and 2018:


	Three Months Ended March 2019,
	2019		2018
	(In thousands)
	Basic	Diluted	Basic	Diluted
Net income (loss) per common share	$ 0.13	$ 0.13	$ (0.29)	$ (0.29)

Numerator:
Net income (loss)	$ 11,864	$ 11,864	$ (12,919)	$ (12,919)
Amortization of redeemable convertible preferred stock	(5,841)	(5,841)	—	—
Net income (loss) corresponding to common stock	$ 6,023	$ 6,023	$ (12,919)	$ (12,919)

Denominator:
Weighted average of common stock outstanding for Basic earnings per share	45,980,255	—	44,157,364	—
Adjusted weighted average of common stock outstanding for Diluted earnings per share	—	45,980,255	—	44,157,364

Table of Contents

4. Goodwill and intangible assets

The composition of goodwill and intangible assets is as follows:


	March 31,	December 31,
	2019	2018
	(In thousands)
Goodwill	$ 89,827	$ 88,883
Intangible assets with indefinite lives
- Trademarks	8,733	8,584
Amortizable intangible assets
- Licenses and others	5,445	5,406
- Non-compete agreement	2,786	3,028
- Customer list	14,844	14,897
- Trademarks	4,676	4,565
Total intangible assets	$ 36,484	$ 36,480
Accumulated amortization	(18,801)	(17,899)
Total intangible assets, net	$ 17,683	$ 18,581

Goodwill

The changes in the carrying amount of goodwill for the three-month period ended March 31, 2019 and the year ended December 31, 2018 are as follows:


	Period ended March 31, 2019
	Brazil	Argentina	Mexico	Chile	Colombia	Other Countries	Total
	(In thousands)
Balance, beginning of the period	$ 30,069	$ 6,946	$ 31,340	$ 16,014	$ 3,339	$ 1,175	$ 88,883
Purchase price allocation adjustments	—	45	—	—	—	—	45
Effect of exchange rates changes	(145)	—	567	392	76	9	899
Balance, end of the period	$ 29,924	$ 6,991	$ 31,907	$ 16,406	$ 3,415	$ 1,184	$ 89,827



	Year ended December 31, 2018
	Brazil	Argentina	Mexico	Chile	Colombia	Other Countries	Total
	(In thousands)
Balance, beginning of the year	$ 32,492	$ 5,761	$ 30,396	$ 18,805	$ 3,632	$ 1,193	$ 92,279
- Business acquisitions	3,110	3,175	543	61	80	53	7,022
- Effect of exchange rates changes	(5,533)	(1,990)	401	(2,852)	(373)	(71)	(10,418)
Balance, end of the year	$ 30,069	$ 6,946	$ 31,340	$ 16,014	$ 3,339	$ 1,175	$ 88,883

Table of Contents

Intangible assets with definite useful life

Intangible assets with definite useful life are comprised of customer lists, non-compete and non-solicitation agreements, acquired software licenses, and other acquired intangible assets including developed technologies and trademarks. Aggregate amortization expense for intangible assets totaled $1,230 thousands and $1,672 thousands for the three-month periods ended March 31, 2019 and 2018, respectively.

The following table summarizes the remaining amortization of intangible assets (in thousands of U.S. dollars) with definite useful life as of March 31, 2019:


For year ended 12/31/2019						$ 2,720
For year ended 12/31/2020						2,383
For year ended 12/31/2021						1,815
For year ended 12/31/2022						1,083
Thereafter						949
						$ 8,950

5. Segment reporting

Reporting segments are based upon the Company’s internal organizational structure, the manner in which the Company’s operations are managed and resources are assigned, the criteria used by Management to evaluate the Company’s performance, the availability of separate financial information and overall materiality considerations.

Segment reporting is based on geography as the main basis of segment breakdown in accordance with the criteria used for evaluation of the Company’s performance as determined by Management. The Company’s segments include Brazil, Argentina, Mexico and other countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Honduras, Nicaragua, El Salvador, Bolivia, Guatemala, Panama, Paraguay, Peru, Uruguay and the United States of America).

Direct contribution consists of net revenues from external customers less direct costs, which include costs of net revenues, product and technology development expenses, sales and marketing expenses and general and administrative expenses over which segment managers have direct discretionary control, such as advertising and marketing programs, customer support expenses, allowances for doubtful accounts, payroll and third-party fees. All corporate related costs have been excluded from the Company’s direct contribution.

Expenses over which segment managers do not currently have discretionary control, such as certain technology and general and administrative costs are monitored by Management through shared cost centers and are not evaluated in the measurement of segment performance.

The following tables summarize the financial performance of the Company’s reporting segments:


	Three Months Ended March 31, 2019
	Brazil	Argentina	Mexico	Other Countries	Total
	(In thousands)
Net revenues	$ 302,384	$ 93,776	$ 54,561	$ 23,049	$ 473,770
Direct costs	(225,343)	(67,492)	(65,585)	(20,447)	(378,867)
Direct contribution	77,041	26,284	(11,024)	2,602	94,903

Operating expenses and indirect costs of net revenues					(84,764)
Income from operations					10,139

Other income (expenses):
Interest income and other financial gains					24,444
Interest expense and other financial losses					(15,559)
Foreign currency losses					(3,669)
Net income before income tax expense					$ 15,355

Table of Contents



	Three Months Ended March 31, 2018
	Brazil	Argentina	Mexico	Other Countries	Total
	(In thousands)
Net revenues	$ 184,155	$ 101,939	$ 17,065	$ 17,817	$ 320,976
Direct costs	(176,980)	(57,295)	(26,323)	(17,272)	(277,870)
Direct contribution	7,175	44,644	(9,258)	545	43,106

Operating expenses and indirect costs of net revenues					(72,525)
Loss from operations					(29,419)

Other income (expenses):
Interest income and other financial gains					9,195
Interest expense and other financial losses					(10,734)
Foreign currency gains					5,601
Net loss before income tax gains					$ (25,357)

The following table summarizes the allocation of property and equipment, net based on geography:


	March 31,	December 31,
	2019	2018
	(In thousands)
US property and equipment, net	$ 2,313	$ 2,959
Other countries
Argentina	74,070	58,358
Brazil	83,717	78,227
Mexico	19,372	16,497
Other countries	9,484	9,573
	$ 186,643	$ 162,655
Total property and equipment, net	$ 188,956	$ 165,614

The following table summarizes the allocation of the goodwill and intangible assets based on geography:


	March 31,	December 31,
	2019	2018
	(In thousands)
US intangible assets	$ 33	$ 46
Other countries goodwill and intangible assets
Argentina	8,607	9,050
Brazil	31,746	32,955
Mexico	36,222	35,993
Chile	25,678	24,638
Other countries	5,224	4,782
	$ 107,477	$ 107,418
Total goodwill and intangible assets	$ 107,510	$ 107,464

Consolidated net revenues by similar products and services for the three-month periods ended March 31, 2019 and 2018 were as follows:


	Three months Ended March 31,

Consolidated Net Revenues	2019	2018
	(In thousands)
Enhanced Marketplace (*)	$ 253,035	$ 140,695
Non-marketplace () (*)	220,735	180,281
Total	$ 473,770	$ 320,976

(*) Includes Final Value Fees and Shipping fees.

(**) Includes, among other things, Ad Sales, Classified Fees, Payment Fees and other ancillary services.

(***) Includes $186,965 thousands and $144,763 thousands of Payment Fees for the three-month periods ended March 31, 2019 and 2018, respectively.

Table of Contents

6. Fair value measurement of assets and liabilities

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018:


		Quoted Prices in				Quoted Prices in
	Balances as of	active markets for	Significant other	Unobservable	Balances as of	active markets for	Significant other	Unobservable
	March 31,	identical Assets	observable inputs	inputs	December 31,	identical Assets	observable inputs	inputs
Description	2019	(Level 1)	(Level 2)	(Level 3)	2018	(Level 1)	(Level 2)	(Level 3)
	(In thousands)
Assets
Cash and Cash Equivalents:
Money Market Funds	$ 239,269	$ 239,269	$ —	$ —	$ 179,252	$ 179,252	$ —	$ —
Restricted Cash and cash equivalents:
Money Market Funds	9,556	9,556	—		24,363	24,363	—	—
Investments:
Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee)	238,029	238,029	—	—	284,317	284,317	—	—
Sovereign Debt Securities	1,344,778	1,344,778	—	—	429,602	429,602	—	—
Corporate Debt Securities	255	245	10	—	262	237	25	—
Total Financial Assets	$ 1,831,887	$ 1,831,877	$ 10	$ —	$ 917,796	$ 917,771	$ 25	$ —
Liabilities:
Contingent considerations	$ 2,170	$ —	$ —	$ 2,170	$ 2,097	$ —	$ —	$ 2,097
Long-term retention plan	53,422	—	53,422	—	42,625	—	42,625	—
Total Financial Liabilities	$ 55,592	$ —	$ 53,422	$ 2,170	$ 44,722	$ —	$ 42,625	$ 2,097

As of March 31, 2019 and December 31, 2018, the Company’s financial assets valued at fair value consisted of assets valued using i) Level 1 inputs: unadjusted quoted prices in active markets (Level 1 instrument valuations are obtained from observable inputs that reflect quoted prices (unadjusted) for identical assets in active markets); and ii) Level 2 inputs: obtained from readily-available pricing sources for comparable instruments as well as instruments with inactive markets at the measurement date.

Table of Contents

As of March 31, 2019 and December 31, 2018, the Company’s liabilities were valued at fair value using Level 2 inputs and level 3 inputs (valuations based on unobservable inputs reflecting Company assumptions). Fair value of contingent considerations are determined based on the probability of achievement of the performance targets arising from each acquisition, as well as the Company’s historical experience with similar arrangements. During the three-month period ended March 31, 2019, the Company assumed contingent considerations for an amount of $2,170 thousands.

The unrealized net gains or losses on short-term and long-term investments are reported as a component of other comprehensive income. The Company does not anticipate any significant realized losses associated with those investments in excess of the Company’s historical cost.

As of March 31, 2019 and December 31, 2018, the carrying value of the Company’s financial assets and liabilities measured at amortized cost approximated their fair value mainly because of their short-term maturity. These assets and liabilities included cash, cash equivalents, restricted cash and cash equivalents and short-term investments (excluding money markets funds and corporate debt security), accounts receivable, credit cards receivable, loans receivable, funds payable to customers, other assets, accounts payable, 2019 Notes (liability component), salaries and social security payable (excluding variable LTRP), taxes payable, provisions and other liabilities (excluding contingent considerations). The estimated fair value of the 2028 Notes (liability component), which is based on Level 2 inputs, is $593,905 thousands and was determined based on market interest rates. The rest of the loans payable and other financial liabilities and operating lease liabilities approximate their fair value because the effective interest rates are not materially different from market interest rates.

The following table summarizes the fair value level for those financial assets and liabilities of the Company measured at amortized cost as of March 31, 2019 and December 31, 2018:



	Balances as of	Significant other	Balances as of	Significant other
	March 31,	observable inputs	December 31,	observable inputs
	2019	(Level 2)	2018	(Level 2)
	(In thousands)
Assets
Time Deposits	$ 337,637	$ 337,637	$ 20,056	$ 20,056
Accounts receivable	34,524	34,524	35,153	35,153
Credit Cards receivable	308,468	308,468	360,298	360,298
Loans receivable, net	134,640	134,640	95,778	95,778
Other assets	105,622	105,622	102,753	102,753
Total Assets	$ 920,891	$ 920,891	$ 614,038	$ 614,038
Liabilities
Accounts payable and accrued expenses	$ 246,767	$ 246,767	$ 266,759	$ 266,759
Funds payable to customers	680,746	680,746	640,954	640,954
Salaries and social security payable	54,528	54,528	40,942	40,942
Taxes payable	34,414	34,414	31,058	31,058
Operating lease liabilities	155,632	155,632	—	—
Loans payable and other financial liabilities (*)	743,223	784,182	735,177	735,177
Other liabilities	67,506	67,506	51,509	51,509
Total Liabilities	$ 1,982,816	$ 2,023,775	$ 1,766,399	$ 1,766,399

(*) The fair value of the 2019 Notes and the 2028 Notes (including the equity component) are disclosed in Note 9.

As of March 31, 2019 and December 31, 2018, the Company held no direct investments in auction rate securities and does not have any non-financial assets or liabilities measured at fair value.

Table of Contents

As of March 31, 2019 and December 31, 2018, the fair value of money market funds, short and long-term investments classified as available for sale securities are as follows:



	March 31, 2019
	Cost	Gross Unrealized Gains (1)	Gross Unrealized Losses (1)	Financial Gains	Estimated Fair Value

	(In thousands)
Cash and cash equivalents
Money Market Funds	$ 239,269	$ —	$ —	$ —	$ 239,269
Total Cash and cash equivalents	$ 239,269	$ —	$ —	$ —	$ 239,269

Restricted cash and cash equivalents
Money Market Funds	$ 9,556	$ —	$ —	$ —	$ 9,556
Total Restricted cash and cash equivalents	$ 9,556	$ —	$ —	$ —	$ 9,556

Short-term investments
Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee) (*)	$ 236,309	$ —	$ —	$ 1,720	$ 238,029
Sovereign Debt Securities (**)	1,071,309	98	—	1,327	1,072,734
Corporate Debt Securities	57	—	—	—	57
Total Short-term investments	$ 1,307,675	$ 98	$ —	$ 3,047	$ 1,310,820

Long-term investments
Sovereign Debt Securities	$ 270,206	$ 1,837	$ —	$ 1	$ 272,044
Corporate Debt Securities	197	2	(1)	—	198
Total Long-term investments	$ 270,403	$ 1,839	$ (1)	$ 1	$ 272,242


Total	$ 1,826,903	$ 1,937	$ (1)	$ 3,048	$ 1,831,887

(1) Unrealized gains (losses) from securities are attributable to market price movements, net foreign exchange losses and foreign currency translation. Management does not believe any remaining significant unrealized losses represent other-than-temporary impairments based on the evaluation of available evidence including the credit rating of the investments, as of March 31, 2019 and December 31, 2018.

(*) Brazilian government bonds measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 – Investments fair value option)

(**) Includes $806,087 thousands of U.S treasury notes measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 – Investments fair value option)

Table of Contents


	December 31, 2018
	Cost	Gross Unrealized Gains (1)	Gross Unrealized Losses (1)	Estimated Fair Value

	(In thousands)
Cash and cash equivalents
Money Market Funds	$ 179,252	$ —	$ —	$ 179,252
Total Cash and cash equivalents	$ 179,252	$ —	$ —	$ 179,252

Restricted Cash and cash equivalents
Money Market Funds	$ 24,363	$ —	$ —	$ 24,363
Total Restricted Cash and cash equivalents	$ 24,363	$ —	$ —	$ 24,363

Short-term investments
Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee)	$ 282,752	$ 1,565	$ —	$ 284,317
Sovereign Debt Securities	156,910	237	—	157,147
Corporate Debt Securities	21	—	—	21
Total Short-term investments	$ 439,683	$ 1,802	$ —	$ 441,485

Long-term investments
Sovereign Debt Securities	$ 271,024	$ 1,431	$ —	$ 272,455
Corporate Debt Securities	244	—	(3)	241
Total Long-term investments	$ 271,268	$ 1,431	$ (3)	$ 272,696

Total	$ 914,566	$ 3,233	$ (3)	$ 917,796

(1)

Unrealized gains (losses) from securities are attributable to market price movements, net foreign exchange losses and foreign currency translation. Management does not believe any remaining significant unrealized losses represent other-than-temporary impairments based on the evaluation of available evidence including the credit rating of the investments, as of March 31, 2019 and December 31, 2018.

The material portion of the Sovereign Debt Securities consists of U.S. Treasury Notes, which carry no significant risk.

Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee)

On November 1, 2018, the Company obtained the approval from the Central Bank of Brazil to operate as an authorized payment institution. With the authorization, MercadoPago in Brazil is subject to the supervision of the Central Bank of Brazil and must fully comply with all the obligations established in the current regulation. Among other obligations, the regulation requires authorized payment institutions to hold the balance available in the payment institution account in either in a specific account of Central Bank of Brazil that does not pay interest or in Brazilian federal government bonds registered with the “Sistema Especial de Liquidacao e Custodia”. The percentage of the electronic currency that must be deposited was 100% and 80% as of March 31, 2019 and December 31, 2018, respectively. As of March 31, 2019 and December 31, 2018 and in accordance with the regulation, the Company held $238,029 thousands and $284,317 thousands deposited in Brazilian federal government bonds, respectively, as mandatory guarantee.

As of March 31, 2019, the estimated fair values (in thousands of U.S. dollars) of money market funds and short-term and long-term investments classified by their effective maturities are as follows:


One year or less		1,559,645
One year to two years		272,020
Two years to three years		133
Three years to four years		43
Four years to five years		46
Total		$ 1,831,887

Table of Contents

7. Commitments and Contingencies

Litigation and Other Legal Matters

The Company is subject to certain contingent liabilities with respect to existing or potential claims, lawsuits and other proceedings. The Company accrues liabilities when it considers probable that future costs will be incurred and such costs can be reasonably estimated. Proceeding-related liabilities are based on developments to date and historical information related to actions filed against the Company. As of March 31, 2019, the Company had accounted for estimated liabilities involving proceeding-related contingencies and other estimated contingencies of $4,782 thousands to cover legal actions against the Company in which its Management has assessed the likelihood of a final adverse outcome as probable. Expected legal costs related to litigations are accrued when the legal service is actually provided.

In addition, as of March 31, 2019 the Company and its subsidiaries are subject to certain legal actions considered by the Company’s Management and its legal counsels to be reasonably possible for an estimated aggregate amount up to $12,561 thousands. No loss amounts have been accrued for such reasonably possible legal actions.

Other third parties have from time to time claimed, and others may claim in the future, that the Company was responsible for fraud committed against them, or that the Company has infringed their intellectual property rights. The underlying laws with respect to the potential liability of online intermediaries like the Company are unclear in the jurisdictions where the Company operates. Management believes that additional lawsuits alleging that the Company has violated copyright or trademark laws will be filed against the Company in the future.

Intellectual property and regulatory claims, whether meritorious or not, are time consuming and costly to resolve, require significant amounts of management time, could require expensive changes in the Company’s methods of doing business, or could require the Company to enter into costly royalty or licensing agreements. The Company may be subject to patent disputes, and be subject to patent infringement claims as the Company’s services expand in scope and complexity. In particular, the Company may face additional patent infringement claims involving various aspects of the payments businesses.

From time to time, the Company is involved in other disputes or regulatory inquiries that arise in the ordinary course of business. The number and significance of these disputes and inquiries are increasing as the Company’s business expands and the Company grows larger.

Buyer protection program

The Company provides consumers with a buyer protection program (“BPP”) for all transactions completed through the Company’s online payment solution (“Mercado Pago”). This program is designed to protect buyers in the Marketplace from losses due primarily to fraud or counterparty non-performance. The Company’s BPP provides protection to consumers by reimbursing them for the total value of a purchased item and the value of any shipping service paid if it does not arrive or does not match the seller’s description. The Company is entitled to recover from the third-party carrier companies performing the shipping service certain amounts paid under the BPP. Furthermore, in some specific circumstances (i.e. Black Friday, Hot Sale), the Company enters into insurance contracts with third-party insurance companies in order to cover contingencies that may arise from the BPP.

The maximum potential exposure under this program is estimated to be the volume of payments on the Marketplace, for which claims may be made under the terms and conditions of the Company’s BPP. Based on historical losses to date, the Company does not believe that the maximum potential exposure is representative of the actual potential exposure. The Company records a liability with respect to losses under this program when they are probable and the amount can be reasonably estimated.

As of March 31, 2019 and December 31, 2018, Management’s estimate of the maximum potential exposure related to the Company’s buyer protection program is $993,500 thousands and $988,664 thousands, respectively, for which the Company recorded an allowance of $4,670 thousands and $4,146 thousands, respectively.

Loans payable and other financial liabilities

During the last quarter of 2018, the Company, through its Chilean subsidiary, obtained two lines of credit from Scotiabank Chile denominated in Chilean Pesos, to be applied to working capital needs. As of March 31, 2019, the amount outstanding under these lines of credit is $4,424 thousands and $2,949 thousands with maturity in April 2019 (renewed upon maturity) and both bear interest at a fixed rate of 3.72%. In addition, the Chilean subsidiary, obtained two lines of credit from Banco de Chile denominated in Chilean pesos, to be applied to working capital needs. As of March 31, 2019, the amount outstanding under these lines of credit is $8,869 thousands and $7,376 thousands with maturity in April 2019 (renewed upon maturity) and both bear interest at a fixed rate of 3.60% per annum. Lastly, the Chilean subsidiary obtained an unsecured line of credit from Banco de Chile denominated in local currency for an amount of $1,494 thousands which bears interest at a fixed rate of 3.65% per annum.

Table of Contents

During the first quarter of 2019, the Company, through its Argentine subsidiary obtained two lines of credit from Citibank, N.A, denominated in local currency, to be applied to working capital needs. As of March 31, 2019, the amount outstanding under these lines of credit is $12,066 thousands and $12,053 thousands with maturity in April 2019 and bears interest at a fixed rate of 37.75% and 40.50% per annum, respectively. These lines of credit were fully paid off upon maturity. In addition, the Argentine subsidiary obtained an unsecured line of credit denominated in local currency for an amount of $3,121 thousands which bears interest at a fixed rate of 55.50% per annum. This line of credit was fully paid off as of May 3, 2019.

As of March 31, 2019 the Company, through its Mexican subsidiary, had three finance leases contracts related to facilities for its fulfillment center. The outstanding amount is $5,458 thousands which bears interest at a fixed rate of 6.39% per annum with maturity within the next 5.25 years, $1,089 thousands which bears interest at a fixed rate of 9.00% per annum with maturity within the next 4.0 years and $177 thousands which bears interest at a fixed rate of 9.90% per annum with maturity within the next year.

During the first quarter of 2019, the Company, through its Uruguayan subsidiary obtained a line of credit from Citibank, N.A, denominated in local currency, to be applied to working capital needs. As of March 31, 2019, the amount outstanding under this line of credit is $898 thousands with maturity in April, 2019 and bears interest at a fixed rate of 9.11% per annum. In addition, the Uruguayan subsidiary obtained an unsecured line of credit denominated in local currency for an amount of $10,195 thousands which bears interest at a fixed rate of 9.11% per annum.

See Notes 9 and 11 to these interim condensed consolidated financial statements for details regarding the Company’s 2019 Notes and 2028 Notes and collateralized debt securitization transactions, respectively.

8. Long term retention plan (“LTRP”)

The following table summarizes the 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018 and 2019 long term retention plan accrued compensation expense for the three-month periods ended March 31, 2019 and 2018, which are payable in cash according to the decisions made by the Board of Directors:


		Three Months Ended March 31,
		2019		2018
		(In thousands)
LTRP 2010		—		53
LTRP 2011		55		663
LTRP 2012		559		1,125
LTRP 2013		193		1,749
LTRP 2014		1,220		2,084
LTRP 2015		1,982		2,815
LTRP 2016		3,038		3,908
LTRP 2017		2,813		3,340
LTRP 2018		1,455		—
LTRP 2019		2,126		—
Total LTRP	$	13,441	$	15,737

Table of Contents

9. Convertible Senior Notes

2.00% Convertible Senior Notes Due 2028

On August 24, 2018, the Company issued $800,000 thousands of 2.00% Convertible Senior Notes due 2028 and issued an additional $80,000 thousand of notes on August 31, 2018 pursuant to the partial exercise of the initial purchasers’ option to purchase such additional notes, for an aggregate principal amount of $880,000 thousands of 2.00% Convertible Senior Notes due 2028 (collectively, the “2028 Notes”). The 2028 Notes are unsecured, unsubordinated obligations of the Company, which pay interest in cash semi-annually, on February 15 and August 15 of each year, at a rate of 2.00% per annum. The 2028 Notes will mature on August 15, 2028 unless earlier redeemed, repurchased or converted in accordance with their terms prior to such date. The 2028 Notes may be converted, under specific conditions, based on an initial conversion rate of 2.2553 shares of common stock per $1,000 principal amount of the 2028 Notes (equivalent to an initial conversion price of $443.40 per share of common stock), subject to adjustment as described in the indenture governing the 2028 Notes. For additional information regarding the 2028 Notes please refer to Note 2 and Note 17 to the audited consolidated financial statements for the year ended December 31, 2018, contained in the Company’s Annual Report on Form 10-K filed with the SEC.

In connection with the issuance of the 2028 Notes, the Company paid $91,784 thousands and $11,472 thousands (including transaction expenses) in August 2018 and November 2018, respectively, to enter into the 2028 Notes Capped Call Transactions with certain financial institutions. The 2028 Notes Capped Call Transactions are expected generally to reduce the potential dilution upon conversion of the 2028 Notes in the event that the market price of the Company’s common stock is greater than the strike price of the 2028 Notes Capped Call Transactions. The cost of the 2028 Notes Capped Call Transactions is included as a net reduction to additional paid-in capital in the stockholders’ equity section of the consolidated balance sheets.

The total estimated fair value of the 2028 Notes was $1,181,391 thousands and $787,266 thousands as of March 31, 2019 and December 31, 2018, respectively. The fair value was determined based on the closing trading price per $100 principal amount of the 2028 Notes as of the last day of trading for the period. The Company considered the fair value of the 2028 Notes as of March 31, 2019 and December 31, 2018 to be a Level 2 measurement. The fair value of the 2028 Notes is primarily affected by the trading price of our common stock and market interest rates. Based on the $507.7 closing price of the Company’s common stock on March 31, 2019, the if-converted value of the 2028 Notes exceeded their principal amount by $127,673 thousands.

The following table presents the carrying amounts of the liability and equity components related to the 2028 Notes as of March 31, 2019:


	March 31, 2019		December 31, 2018
	(In thousands)
Amount of the equity component (1)	$	327,305	$	327,305

2.00% Convertible Senior Notes due 2028	$	880,000	$	880,000
Unamortized debt discount (2)		(319,466)		(325,783)
Unamortized transaction costs related to the debt component		(9,837)		(9,958)
Contractual coupon interest accrual		10,609		5,867
Contractual coupon interest payment		(8,360)		—
Net carrying amount	$	552,946	$	550,126

(1)

Net of $6,163 thousands of transaction costs related to the equity component of the 2028 Notes.

(2)

As of March 31, 2019, the remaining period over which the unamortized debt discount will be amortized is 9.5 years.

The following table presents the interest expense for the contractual interest, the accretion of debt discount and the amortization of debt issuance costs:


	Three month periods ended March 31,
	2019
	(In thousands)
Contractual coupon interest expense	$	4,742
Amortization of debt discount		6,317
Amortization of debt issuance costs		121
Total interest expense related to the 2028 Notes	$	11,180

Table of Contents

2.25% Convertible Senior Notes Due 2019

On June 30, 2014, the Company issued $330,000 thousands of 2.25% Convertible Senior Notes due 2019 (the “2019 Notes”). The 2019 Notes are unsecured, unsubordinated obligations of the Company, which pay interest in cash semi-annually, on January 1 and July 1, at a rate of 2.25% per annum. The 2019 Notes will mature on July 1, 2019 unless earlier repurchased or converted in accordance with their terms prior to such date. The 2019 Notes may be converted, under specific conditions, based on an initial conversion rate of 7.9353 shares of common stock per $1,000 principal amount of the 2019 Notes (equivalent to an initial conversion price of $126.02 per share of common stock), subject to adjustment as described in the indenture governing the 2019 Notes. For additional information regarding the 2019 Notes please refer to Note 2 and Note 17 to the audited consolidated financial statements for the year ended December 31, 2018, contained in the Company’s Annual Report on Form 10-K filed with the SEC.

In connection with the issuance of the 2019 Notes, the Company paid $19,668 thousands, $67,308 thousands and $45,692 thousands (including transaction expenses) in June 2014, September 2017 and March 2018, respectively, to enter into capped call transactions with respect to shares of the common stock (the “2019 Notes Capped Call Transactions” and together with the 2028 Notes Capped Call Transactions, the “Capped Call Transactions”), with certain financial institutions. The 2019 Notes Capped Call Transactions are expected generally to reduce the potential dilution upon conversion of the 2019 Notes in the event that the market price of the common stock is greater than the strike price of the 2019 Notes Capped Call Transactions. The cost of the 2019 Notes Capped Call Transactions is included as a net reduction to additional paid-in capital in the stockholders’ equity section of the consolidated balance sheets.

On August 24, 2018, the Company used a portion of the net proceeds from the 2028 Notes to repurchase or exchange and retire $263,724 thousands principal amount of its outstanding 2019 Notes. The consideration paid included $348,123 thousands in cash and 1,044,298 shares of the Company’s common stock. Additionally, the Company entered into agreements with certain financial institutions who were counterparties to the existing 2019 Notes Capped Call Transactions entered into in June 2014 and September 2017 to terminate a portion of those transactions, in each case, in a notional amount corresponding to the amount of 2019 Notes repurchased or exchanged and retired. In connection with the termination of existing 2019 Capped Call Transactions and the related unwinding of the existing hedge position, the Company received from certain financial institutions the amount of $121,703 thousands and $14,405 thousands in August 2018 and November 2018, respectively.

During the period from October 1, 2016 through March 31, 2019, 291 Notes were converted for a total amount of $291 thousands. Upon conversion, the Company will pay or deliver, as the case may be, cash, shares of the Company’s common stock or a combination of cash and shares of the Company’s common stock, at the Company’s election. The intention of the Company is to share-settle the excess conversion value due upon conversion of the 2019 Notes.

From April 1, 2019 to the date of issuance of these interim condensed consolidated financial statements, additional conversion requests for 2 Notes were made.

The total estimated fair value of the 2019 Notes was $264,992 thousands and $150,572 thousands as of March 31, 2019 and December 31, 2018, respectively. The fair value was determined based on the closing trading price per $100 principal amount of the 2019 Notes as of the last day of trading for the period. The Company considered the fair value of the 2019 Notes as of March 31, 2019 and December 31, 2018 to be a Level 2 measurement. The fair value of the 2019 Notes is primarily affected by the trading price of our common stock and market interest rates. Based on the $507.7 closing price of the Company’s common stock on March 31, 2019, the if-converted value of the 2019 Notes exceeded their principal amount by $199,868 thousands.

The following table presents the carrying amounts of the liability and equity components related to the 2019 Notes as of March 31, 2019 and December 31, 2018:


	March 31, 2019		December 31, 2018
	(In thousands)
Amount of the equity component (1)	$	9,196	$	9,196

2.25% Convertible Senior Notes due 2019	$	65,985	$	65,987
Unamortized debt discount (2)		(532)		(1,063)
Unamortized transaction costs related to the debt component		(88)		(176)
Contractual coupon interest accrual		373		5,447
Contractual coupon interest payment		—		(5,447)
Net carrying amount	$	65,738	$	64,748

(1)

Net of $236 thousands of transaction costs related to the equity component of the 2019 Notes.

(2)

As of March 31, 2019, the remaining period over which the unamortized debt discount will be amortized is 0.25 years.

Table of Contents

The following table presents the interest expense for the contractual interest, the accretion of debt discount and the amortization of debt issuance costs:


	Three month periods ended March 31,
	2019		2018

	(In thousands)		(In thousands)
Contractual coupon interest expense	$	373	$	1,856
Amortization of debt discount		531		2,508
Amortization of debt issuance costs		88		399
Total interest expense related to the 2019 Notes	$	992	$	4,763

10. Equity Offerings

On March 15, 2019, the Company closed a public equity offering of approximately $1,150,000 thousands of common stock at a public offering price of $480 per share (the “Offering”). Pursuant to the Offering, the Company issued 2,395,834 shares of common stock, par value $0.001 per share (the “Common Stock”) which includes the exercise in full of the underwriters’ option to purchase $150 million of additional shares of common stock.

In addition, on March 15, 2019 the Company closed its $750,000 thousands concurrent private placement of common stock to PayPal, Inc (“PayPal”). PayPal purchased 1,719,790 shares of Common Stock at a price of $436.10 per share.

On March 29, 2019, in a separate private placement, an affiliate of Dragoneer Investment Group purchased 100,000 shares of perpetual convertible preferred stock designated as Series A Perpetual Preferred Stock, par value $0.001 per share of the Company for $100,000 thousands in the aggregate. The Preferred Stock is a class of equity security that ranks senior to the Common Stock with respect to dividend rights or rights upon liquidation.

Each share of Preferred Stock has a stated value of $1,000, is entitled to a cash dividend of 4% per annum, and is convertible into shares of the Company’s Common Stock at an initial conversion price of $479.71 (subject to adjustment). The Company may require the conversion of any or all of the Preferred Stock beginning on March 29, 2023 if certain conditions set forth in the Certificate of Designation are met. The Company may redeem any or all of the Preferred Stock for cash, shares of its Common Stock or a combination thereof (at its election, subject to certain conditions) at any time beginning on March 29, 2026 for a percentage of the stated value of each share of Preferred Stock, plus any accrued and unpaid dividends at such time. On March 15, 2026, September 15, 2026 and March 15, 2027, the holders of the Preferred Stock shall have the right to redeem all of the outstanding shares of Preferred Stock for cash, shares of the Company’s Common Stock or a combination thereof (at the Company’s election, subject to certain conditions) to be determined by the formula set forth in the Certificate of Designation. Upon the occurrence of a change of control, the holders will have the right to redeem their shares of Preferred Stock for cash at a price set forth in the Certificate of Designation. The holders of the Preferred Stock have the right to vote on matters submitted to a vote of the holders of Common Stock on an as-converted basis unless required by applicable law.

In the aggregate, the Company raised funds in the amount of $1,965,188 thousands net of issuance costs paid in the amount of $34,812 thousands.

11. Securitization Transactions

The process of securitization consists of the issuance of securities collateralized by a pool of assets through a special purpose entity, often under a VIE.

The Company securitizes financial assets associated with its loan receivables portfolio. The Company’s securitization transactions typically involve the legal transfer of financial assets to bankruptcy remote special purpose entities (“SPEs”) or the acquisition of loans receivable portfolios through SPEs. The Company generally retains economic interests in the collateralized securitization transactions, which are retained in the form of subordinated interests. For accounting purposes, the Company is precluded from recording the transfers of assets in securitization transactions as sales or is required to consolidate the SPE.

Table of Contents

The Company securitizes certain loan receivables through Brazilian and Argentine SPEs, formed to securitize loan receivables provided by the Company to its users or purchased from financial institutions that grant loans to the Company’s users through Mercado Pago. According to the SPE contracts, the Company has determined that it has both the power to direct the activities of the entity that most significantly impact the entity’s performance and the obligation to absorb losses or the right to receive benefits of the entity that could be significant because it retains the equity certificates of participation, and would therefore also be consolidated. When the Company controls the vehicle, it accounts the securitization transactions as if they were secured financing and therefore the assets, liabilities, and related results are consolidated in its financial statements.

As of March 31, 2019, the carrying value of the Brazilian collateralized debt was $46,687 thousands, composed of: 1) $15,568 thousands, which bears interest at a rate of Brazilian DI plus 3.5% per annum for a term of 36 months, due in June 2021 and 2) $31,119 thousands, which bears interest at a rate of Brazilian DI plus 3.25% per annum for a term of 30 months, due in May 2021. The carrying value of the Argentine collateralized debt was $7,582 thousands, composed of: 1) $5,593 thousands bearing interest at a variable rate equivalent to the BADLAR rate plus 200 basis points with a minimum 33% and a maximum 48% nominal rate per annum for a term of 8 months, due in October 2019 and 2) $1,989 thousands bearing interest at a variable rate equivalent to the BADLAR rate plus 200 basis points with a minimum 30% and a maximum 45% nominal rate per annum for a term of 12 months, due in July 2019. This secured debt is issued by the SPEs and includes collateralized securities used to fund MercadoCredito business. The third-party investors in the securitization transactions have legal recourse only to the assets securing the debt and do not have recourse to the Company. Additionally, the cash flows generated by the SPEs are restricted to the payment of amounts due to third-party investors, but the Company retains the right to residual cash flows.

The assets and liabilities of the SPEs are included in the Company’s interim condensed consolidated financial statements as of March 31, 2019 as follows:



	March 31,		December 31,
	2019		2018
Assets		(in thousands)		(in thousands)
Current assets:
Restricted cash and cash equivalents	$	10,375	$	24,363
Loans receivable, net		70,757		51,471
Total current assets		81,132		75,834
Total assets	$	81,132	$	75,834
Liabilities
Current liabilities:
Accounts payable and accrued expenses	$	103	$	113
Loans payable and other financial liabilities		8,089		7,539
Total current liabilities		8,192		7,652
Non-current liabilities:
Loans payable and other financial liabilities		46,180		46,441
Total non-current liabilities		46,180		46,441
Total liabilities	$	54,372	$	54,093

Table of Contents

12. Leases

The Company leases certain fulfillment centers and office space in the various countries in which it operates. The lease agreements do not contain any residual value guarantees or material restrictive covenants.

Supplemental balance sheet information related to leases was as follows (in thousands):


		March 31,
		2019
Operating Leases
Operating lease right-of-use assets	$	153,499

Operating lease liabilities	$	155,632

Finance Leases
Property and equipment, at cost		9,119
Accumulated depreciation		(284)
Property and equipment, net	$	8,835

Loans payable and other financial liabilities	$	6,724

The following table summarizes the weighted average remaining lease term and the weighted average incremental borrowing rate for operating and finance leases at March 31, 2019:


Weighted average remaining lease term
Operating leases	9	Years
Finance leases	5	Years


Weighted average discount rate
Operating leases	10.44	%
Finance leases	6.91	%

The components of lease expense were as follows (in thousands):


		March 31,
		2019

Operating lease cost	$	6,477

Finance lease cost:
Depreciation of property and equipment		235
Interest on lease liabilities		152
Total finance lease cost	$	387

Table of Contents

Supplemental cash flow information related to leases was as follows (in thousands):


		Three months ended
		March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,124
Financing cash flows from finance leases		662


Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	35,926
Finance leases		177

The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted by the Company’s incremental borrowing rates to calculate the lease liabilities for the operating and finance leases (in thousands):


Year Ending March 31,		Operating Leases		Finance Leases
One year or less	$	26,507	$	1,905
One year to two years		27,364		1,719
Two years to three years		26,469		1,719
Three years to four years		25,383		1,719
Four years to five years		23,826		1,399
Thereafter		112,956		359
Total lease payments	$	242,505	$	8,820
Less imputed interest		(86,873)		(2,096)
Total	$	155,632	$	6,724

Table of Contents

Item 2 — Management’s Discussion and Analysis of Financial Condition and Results of Operations

Cautionary Statement Regarding Forward-Looking Statements

Any statements made or implied in this report that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements within the meaning of Section 27 A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and should be evaluated as such. The words “anticipate,” “believe,” “expect,” “intend,” “plan,” “estimate,” “target,” “project,” “should,” “may,” “could,” “will” and similar words and expressions are intended to identify forward-looking statements. Forward-looking statements generally relate to information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, future economic, political and social conditions in the countries in which we operate and their possible impact on our business, and the effects of future regulation and the effects of competition. Such forward-looking statements reflect, among other things, our current expectations, plans, projections and strategies, anticipated financial results, future events and financial trends affecting our business, all of which are subject to known and unknown risks, uncertainties and other important factors (in addition to those discussed elsewhere in this report) that may cause our actual results to differ materially from those expressed or implied by these forward-looking statements. These risks and uncertainties include, among other things:

our expectations regarding the continued growth of online commerce and Internet usage in Latin America;

our ability to expand our operations and adapt to rapidly changing technologies;

our ability to attract new customers, retain existing customers and increase revenues;

the impact of government and central bank regulations on our business;

litigation and legal liability;

systems interruptions or failures;

our ability to attract and retain qualified personnel;

consumer trends;

security breaches and illegal uses of our services;

competition;

reliance on third-party service providers;

enforcement of intellectual property rights;

seasonal fluctuations; and

political, social and economic conditions in Latin America.

Many of these risks are beyond our ability to control or predict. New risk factors emerge from time to time and it is not possible for Management to predict all such risk factors, nor can it assess the impact of all such risk factors on our company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

These statements are based on currently available information and our current assumptions, expectations and projections about future events. While we believe that our assumptions, expectations and projections are reasonable in view of the currently available information, you are cautioned not to place undue reliance on our forward-looking statements. These statements are not guarantees of future performance. They are subject to future events, risks and uncertainties–many of which are beyond our control– as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. Some of the material risks and uncertainties that could cause actual results to differ materially from our expectations and projections are described in “Item 1A — Risk Factors” in Part I of our Annual Report on Form 10-K for the fiscal year ended December 31, 2018 filed with the Securities and Exchange Commission (“SEC”) on February 28, 2019, as updated by those in other reports we file from time to time with the SEC.

You should read that information in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 2 of Part I of this report, our unaudited interim condensed consolidated financial statements and related notes in Item 1 of Part I of this report and our audited consolidated financial statements and related notes in Item 8 of Part II of our Annual Report on Form 10-K for the year ended December 31, 2018. We note such information for investors as permitted by the Private Securities Litigation Reform Act of 1995. There also may be other factors that we cannot anticipate or that are not described in this report, generally because they are unknown to us or we do not perceive them to be material that could cause results to differ materially from our expectations.

Table of Contents

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these forward-looking statements except as may be required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the SEC.

The discussion and analysis of our financial condition and results of operations has been organized to present the following:

a brief overview of our company;

a discussion of our principal trends and results of operations for the three-month periods ended March 31, 2019 and 2018;

a review of our financial presentation and accounting policies, including our critical accounting policies;

a discussion of the principal factors that influence our results of operations, financial condition and liquidity;

a discussion of our liquidity and capital resources and a discussion of our capital expenditures;

a description of our non-GAAP financial measures; and

a discussion of the market risks that we face.

Other Information

We routinely post important information for investors on our Investor Relations website, http://investor.mercadolibre.com. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under SEC Regulation FD (Fair Disclosure). Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this report.

Business Overview

MercadoLibre, Inc. (together with its subsidiaries “us”, “we”, “our” or the “Company”) is the largest online commerce ecosystem in Latin America. Our platform is designed to provide users with a complete portfolio of services to facilitate commercial transactions. We are a market leader in e-commerce in each of Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Peru, Uruguay and Venezuela, based on the number of unique visitors and page views. We also operate online commerce platforms in the Dominican Republic, Honduras, Nicaragua, El Salvador, Panama, Bolivia, Guatemala and Paraguay.

Through our platform, we provide buyers and sellers with a robust environment that fosters the development of a large e-commerce community in Latin America, a region with a population of over 644 million people and with one of the fastest-growing Internet penetration rates in the world. We believe that we offer technological and commercial solutions that address the distinctive cultural and geographic challenges of operating an online commerce platform in Latin America.

We offer our users an ecosystem of six integrated e-commerce services: the MercadoLibre Marketplace, the Mercado Pago FinTech platform, the Mercado Envios logistics service, the MercadoLibre Classifieds service, the MercadoLibre advertising solution and the MercadoShops online webstores solution.

The MercadoLibre Marketplace, which we sometimes refer to as our marketplace, is a fully-automated, topically-arranged and user-friendly online commerce platform, which can be accessed through our website and mobile app. This platform enables both businesses and individuals to list merchandise and conduct sales and purchases online.

Mercado Pago is our financial technology (FinTech) solution, designed to facilitate transactions both on and off our marketplaces by providing a mechanism that allows our users to securely, easily and promptly send and receive payments online. Outside of our marketplaces, Mercado Pago allows merchants to process transactions via their websites and mobile apps, as well as in their brick-and-mortar stores through QR codes and mobile points of sale (“MPOS”) devices. It also enables users to easily transfer money to each other. Through MercadoFondo, our asset management product, our users are able to invest the stored balance from their Mercado Pago account at competitive rates and in a simple way. MercadoCredito, our lending solution, allows us to finance merchants’ working capital needs and consumers’ purchases.

To further enhance our suite of e-commerce services, we launched the Mercado Envios shipping program in Brazil, Argentina, Mexico, Colombia, Chile and Uruguay. Through Mercado Envios, we offer a cost-efficient way to utilize our existing distribution chain to fulfill sales on our platform. Sellers that opt into the program are able to offer a uniform and seamlessly integrated shipping experience to their buyers at competitive prices. As of March 31, 2019, we also offer free shipping to buyers in Brazil, Argentina, Mexico, Chile and Colombia.

Table of Contents

Through MercadoLibre Classifieds, our online classified listing service, our users can also list and purchase motor vehicles, real estate and services in the countries where we operate. Classifieds listings differ from Marketplace listings as they only charge optional placement fees and not final value fees. Our classifieds pages are also a major source of traffic to our platform, benefitting both the Enhanced Marketplace and non-Marketplace businesses.

Furthermore, we developed our MercadoLibre advertising platform to enable businesses to promote their products and services on the Internet. Through this platform, MercadoLibre’s sellers and large advertisers are able to display ads on our webpages.

Additionally, through MercadoShops, our online store solution, users can set-up, manage and promote their own online store. These stores are hosted by MercadoLibre and offer integration with the marketplace, and payment and advertising services we offer. Users can pay monthly subscriptions for enhanced functionality and value added services on their store.

Reporting Segments and Geographic Information

Our segment reporting is based on geography, which is the current criterion our Management uses to evaluate our segment performance. Our geographic segments are Brazil, Argentina, Mexico and Other Countries (including Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Bolivia, Honduras, Nicaragua, El Salvador, Guatemala, Paraguay, Uruguay and the United States of America (through real estate classifieds in the State of Florida only)). Although we discuss long-term trends in our business, it is our policy not to provide earnings guidance in the traditional sense. We believe that uncertain conditions make the forecasting of near-term results difficult. Further, we seek to make decisions focused primarily on the long-term welfare of our company and believe focusing on short-term earnings does not best serve the interests of our stockholders. We believe that execution of key strategic initiatives as well as our expectations for long-term growth in our markets will best create stockholder value. A long-term focus may make it more difficult for industry analysts and the market to evaluate the value of our company, which could reduce the value of our common stock or permit competitors with short-term tactics to grow more rapidly than us. We, therefore, encourage potential investors to consider this strategy before making an investment in our common stock.

The following table sets forth the percentage of our consolidated net revenues by segment for the three-month periods ended March 31, 2019 and 2018:


	Three-month Periods Ended
	March 31,
(% of total consolidated net revenues) () (*)	2019		2018
Brazil	63.8	%	57.4	%
Argentina	19.8		31.8
Mexico	11.5		5.3
Other Countries	4.9		5.6

(*) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table. The table above may not total due to rounding.

(**) The amount incurred in shipping subsidies are netted from revenues, when we act as an agent, was $74.0 million and $112.5 million for the three-month periods ended March 31, 2019 and 2018, respectively.

The following table summarizes the changes in our net revenues by segment for the three-month periods ended March 31, 2019 and 2018:


	Three-month Periods Ended		Change from 2018
	March 31,		to 2019 () (*)
	2019	2018	in Dollars	in %
	(in millions, except percentages)
Net Revenues:
Brazil	$ 302.4	$ 184.2	$ 118.2	64.2	%
Argentina	93.8	101.9	(8.2)	(8.0)
Mexico	54.6	17.1	37.5	219.7
Other Countries	23.0	17.8	5.2	29.4
Total Net Revenues	$ 473.8	$ 321.0	$ 152.8	47.6	%

(*) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table. The table above may not total due to rounding.

Table of Contents

Recent Developments

Equity offering

On March 15, 2019, we closed a public equity offering of approximately $1,150 million of common stock at a public offering price of $480 per share (the “Offering”). Pursuant to the Offering, we issued 2,395,834 shares of common stock, par value $0.001 per share (the “Common Stock”) which includes the exercise in full of the underwriters’ option to purchase $150 million of additional shares of Common Stock.

In addition, on March 15, 2019 we closed our $750 million concurrent private placement of common stock to PayPal, Inc. (PayPal). Based on the securities purchase agreement, PayPal purchased 1,719,790 shares of Common Stock at a price of $436.10 per share.

In the aggregate, we raised funds in the amount of $1,965.2 million net of issuance costs paid in the amount of $34.8 million.

Please see note 10 to our unaudited condensed consolidated financial statements for additional information regarding our equity offering.

Description of Line Items

Net revenues

We recognize revenues in each of our four geographical reporting segments. Within each of our segments, the services we provide generally fall into two distinct revenue streams: “Enhanced Marketplace” and “Non-Marketplace”.

The following table summarizes our consolidated net revenues by revenue stream for the three-month periods ended March 31, 2019 and 2018:



		Three-month Periods Ended
		March 31, (*)
Consolidated net revenues by revenue stream		2019		2018
		(in millions)
Enhanced Marketplace (**)	$	253.0	$	140.7
Non-Marketplace (*) (**)		220.7		180.3
Total	$	473.8	$	321.0

(*) The table above may not total due to rounding.

(**) Includes final value fees and shipping fees. The amount incurred in shipping subsidies are netted from revenues when we act as an agent, was $74.0 million and $112.5 million for the three-month periods ended March 31, 2019 and 2018, respectively.

(***) Includes, among other things, ad sales, classified fees, payment fees and other ancillary services.

(****) Includes $187.0 million and $144.8 million of Payment Fees for the three-month periods ended March 31, 2019 and 2018, respectively.

Revenues from Enhanced Marketplace transactions are mainly generated from final value fees and shipping fees net of the third-party carrier costs.

Final value fees represent a percentage of the sale value that is charged to the seller once an item is successfully sold. Shipping revenues are generated when a buyer elects to receive an item through our shipping service net of the third-party carrier costs.

Revenues for Non-Marketplace services are generated from:

payments fees;

classifieds fees;

ad sales up-front fees; and

fees from other ancillary businesses.

Table of Contents

Non-Marketplace revenues also come from our Mercado Pago FinTech solution, where we generate payment fees attributable to:

commissions representing a percentage of the payment volume processed that are charged to sellers in connection with off Marketplace-platform transactions;

commissions from additional fees we charge when a buyer elects to pay in installments through our Mercado Pago platform, for transactions that occur either on or off our Marketplace platform;

commissions from additional fees we charge when our sellers elect to withdraw cash;

interest, cash advances and fees from merchant and consumer credits granted under our MercadoCredito solution; and

revenues from the sale of mobile points of sale products.

Through our classifieds offerings of motor vehicles, vessels, aircraft, real estate and services, we generate revenues from up-front fees for all classifieds offerings. We charge additional fees to sellers who opt to give their listings greater exposure throughout our websites.

Our Advertising revenues are generated by selling either display product and/or text link ads throughout our websites.

When more than one service is included in one single arrangement with the same customer, we recognize revenue according to multiple element arrangements accounting, distinguishing between each of the services provided and allocating revenues based on their respective estimated selling prices.

We have a highly fragmented customer revenue base given the large numbers of sellers and buyers who use our platforms. For the three-month periods ended March 31, 2019 and 2018, no single customer accounted for more than 5.0% of our net revenues.

Our MercadoLibre Marketplace is available in 18 countries (Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Panama, Peru, Uruguay, Venezuela (deconsolidated as of December 1, 2017), Bolivia, Honduras, Nicaragua, Salvador, Guatemala and Paraguay), and Mercado Pago is available in 7 countries (Argentina, Brazil, Chile, Peru, Colombia, Mexico and Uruguay). Additionally, Mercado Envios is available in 6 countries (Argentina, Brazil, Mexico, Colombia, Chile and Uruguay). The functional currency for each country’s operations is the country’s local currency, except for Argentina where the functional currency was the U.S. dollar due to Argentina’s status as highly inflationary economy. See—“Critical accounting policies and estimates—Foreign Currency Translation” included below and Note 2 to our unaudited interim condensed consolidated financial statements for highly inflationary economy details. Our net revenues are generated in multiple foreign currencies and then translated into U.S. dollars at the average monthly exchange rate.

Our subsidiaries in Brazil, Argentina and Colombia are subject to certain taxes on revenues which are classified as a cost of net revenues. These taxes represented 8.5% of net revenues for the three-month period ended March 31, 2019, as compared to 9.3% for the same period in 2018.

Cost of net revenues

Cost of net revenues primarily represents bank and credit card processing charges for transactions and fees paid with credit cards and other payment methods, fraud prevention fees, certain taxes on revenues, certain taxes on bank transactions, cost of mobile point of sale products sold, hosting and site operation fees, compensation for customer support personnel, ISP connectivity charges, depreciation and amortization, shipping operation costs (including warehousing costs) and other operating costs.

Product and technology development expenses

Our product and technology development related expenses consist primarily of compensation for our engineering and web-development staff, depreciation and amortization costs related to product and technology development, telecommunications costs and payments to third-party suppliers who provide technology maintenance services to us.

Sales and marketing expenses

Our sales and marketing expenses consist primarily of costs related to marketing our platforms through online and offline advertising and agreements with portals and search engines, charges related to our buyer protection programs, the salaries of employees involved in these activities, chargebacks related to our Mercado Pago operations, bad debt charges, public relations costs, marketing activities for our users and depreciation and amortization costs.

Table of Contents

We carry out the majority of our marketing efforts on the Internet. We enter into agreements with portals, search engines, social networks, ad networks and other sites in order to attract Internet users to the MercadoLibre Marketplace and convert them into registered users and active traders on our platform.

We also work intensively on attracting, developing and growing our seller community through our customer support efforts. We have dedicated professionals in most of our operations that work with sellers through trade show participation, seminars and meetings to provide them with important tools and skills to become effective sellers on our platform.

General and administrative expenses

Our general and administrative expenses consist primarily of salaries for management and administrative staff, compensation of outside directors, long term retention plan compensation, expenses for legal, audit and other professional services, insurance expenses, office space rental expenses, travel and business expenses, as well as depreciation and amortization costs. Our general and administrative expenses include the costs of the following areas: general management, finance, administration, accounting, legal and human resources.

Other income (expenses), net

Other income (expenses) consists primarily of interest income derived from our investments and cash equivalents, interest expense related to financial liabilities and foreign currency gains or losses.

Income tax

We are subject to federal and state taxes in the United States, as well as foreign taxes in the multiple jurisdictions where we operate. Our tax obligations consist of current and deferred income taxes incurred in these jurisdictions. We account for income taxes following the liability method of accounting. A valuation allowance is recorded when, based on the available evidence, it is more likely than not that all or a portion of our deferred tax assets will not be realized. Therefore, our income tax expense consists of taxes currently payable, if any (given that in certain jurisdictions we still have net operating loss carry-forwards), plus the change in our deferred tax assets and liabilities during each period.

Critical Accounting Policies and Estimates

The preparation of our unaudited interim condensed consolidated financial statements and related notes requires us to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. We have based our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Our Management has discussed the development, selection and disclosure of these estimates with our audit committee and our board of directors. Actual results may differ from these estimates under different assumptions or conditions.

An accounting policy is considered to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, and if different estimates that reasonably could have been used, or changes in the accounting estimates that are reasonably likely to occur periodically, could materially impact our interim condensed consolidated financial statements. We believe that the following critical accounting policies reflect the more significant estimates and assumptions used in the preparation of our interim condensed consolidated financial statements.

There have been no significant changes in our critical accounting policies, Management estimates or accounting policies since the year ended December 31, 2018 and disclosed in the Form 10-K, see Item – “Critical Accounting Policies”, other than those discussed in Note 2 of our unaudited interim condensed consolidated financial statements in connection with the adoption of ASC 842 – New leasing accounting standard as of January 1, 2019 and the fair value option applied to certain financial instruments.

Results of operations for the three-month period ended March 31, 2019 compared to the three-month periods ended March 31, 2018

The selected financial data for the three-month periods ended March 31, 2019 and 2018 discussed herein is derived from our unaudited interim condensed consolidated financial statements included in Item 1 of Part I of this report. These statements include all normal recurring adjustments that Management believes are necessary to fairly state our financial position, results of operations and cash flows. The results of operations for the three-month periods ended March 31, 2019 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2019 or for any other period.

Table of Contents

Statement of income data


		Three-month Period Ended March 31,
(In millions)	2019 (*)		2018 (*)
		(Unaudited)
Net revenues (**)	$	473.8	$	321.0
Cost of net revenues		(236.8)	(158.2)
Gross profit	237.0		162.8

Operating expenses:
Product and technology development		(52.4)		(38.4)
Sales and marketing		(130.7)		(110.7)
General and administrative		(43.8)		(43.1)
Total operating expenses		(226.9)	(192.2)
Income/(loss) from operations		10.1	(29.4)

Other income (expenses):
Interest income and other financial gains		24.4		9.2
Interest expense and other financial losses		(15.6)		(10.7)
Foreign currency (loss)/gain	(3.7)		5.6
Net income/(loss) before income tax (expense)/gain	15.4		(25.4)

Income tax (expense)/gain		(3.5)	12.4
Net income/(loss)	$	11.9	$	(12.9)

(*) The table above may not total due to rounding.

Principal trends in results of operations

Growth in net revenues

Since our inception, we have consistently generated revenue growth from both our Enhanced Marketplace and Non-Marketplace revenue streams, driven by the strong growth of our key operational metrics. Our net revenues grew 47.6% in the three-month period ended March 31, 2019 as compared to the same period in 2018. Our net revenues grew as a result of increases in local currency gross merchandise volume in Argentina, Brazil and Mexico of 69.6%, 17.9% and 48.0%, respectively and a 35.1% increase in our total payment volume in the three-month period ended March 31, 2019 as compared to the same period in 2018. Additionally, our growth in net revenues was boosted by the decrease in our shipping subsidies, which are netted from net revenues when we act as an agent, from $112.5 million to $74.0 million in the three-month period ended March 31, 2018 as compared to the same period in 2019, respectively and the effect of the flat fee for those transactions related to low gross merchandise volume in Brazil. Finally, our growth in net revenues were partially offset by the devaluation of the Argentine Peso and Brazilian Reais of approximately 53.5% and 14.7%, as of March 31, 2019 compared to March 31, 2018, respectively.

Table of Contents

We believe that our growth in net revenues should continue in the future. However, despite this positive historical trend, the current weak macro-economic environment in certain countries in Latin America, coupled with devaluations of certain local currencies in those countries versus the U.S. dollar and high interest rates in those countries could cause a decline in year-over-year net revenues, particularly as measured in U.S. dollars. Moreover, in the future, net revenues could decline if we continue offering free shipping and the costs of providing the service grow faster than our sales.

Gross profit margins

During the past two years, our business has experienced decreasing gross profit margins, defined as total net revenues minus total cost of net revenues, as a percentage of net revenues.

Our gross profit margins were 50.0% and 50.7% for the three-month periods ended March 31, 2019 and 2018, respectively. The decrease in our gross profit margins resulted primarily from increases in components of cost of net revenues, each as described below:

(i) An increase in shipping operating costs of $31.7 million for the three-month period ended March 31, 2019, as compared with the same period in 2018, mainly related to shipping operating costs, including warehousing expenses.

(ii) Higher penetration of our payments and shipping solution, particularly in our Argentine, Brazilian and Mexican marketplaces. For the three-month period ended March 31, 2019, total volume of payments on our marketplace represented 93.8% of our total GMV (excluding motor vehicles, vessels, aircraft, real estate and services); as compared to 89.9%, for the three-month period ended March 31, 2018. Additionally, for the three-month period ended March 31, 2019, the total number of items shipped through our shipping solution represented 81.3%, of our total number of successful items sold in the countries where our shipping solution is available, as compared to 71.3%, for the three-month period ended March 31, 2018. Transactions that include such services intrinsically incur incremental costs such as collection fees, which result in lower gross profit margins as compared to other services we offer. In addition, our revenues are typically disclosed net of third party provider costs while sales taxes are paid on the gross amount of revenues, thus, decreasing our gross profit margins in terms of revenues. For the three-month period ended March 31, 2019, collection fees increased $15.7 million, as compared to the same period in 2018. For the three-month period ended March 31, 2019, sales tax increased $10.2 million, as compared to the same period in 2018.

(iii) Increased other payment costs of $7.2 million for the three-month period ended March 31, 2019, as compared to the same period in 2018, mainly related to higher MercadoPago transactional expenses.

(iv) Increased cost of products sold of $4.8 million for the three-month period ended March 31, 2019, as compared to the same period in 2018, related to a higher volumes of mobile point of sale devices sold in Brazil, Argentina and Mexico. This increase generated lower profit margins.

(v) Increased customer support costs of $4.7 million for the three-month period ended March 31, 2019, as compared with the same period in 2018, mainly as a consequence of an increase in salaries and wages. The number of customer support employees was 2,943 as of March 31, 2019 as compared to 2,651 as of March 31, 2018.

(vi) Increased hosting costs of $3.7 million for the three-month period ended March 31, 2019, as compared to the same period in 2018.

In the future, gross profit margins could continue to decline if we continue to offer free shipping and the penetration of our payment solution and our shipping service grows faster than our marketplace sales.

Operating income/(loss) margins

For the three-month period ended March 31, 2019 as compared to the same period in 2018, our operating income/(loss) margin increased from a negative margin of 9.2% to a positive margin of 2.1%, mainly as a consequence of the explained increase in net revenues above and a decrease in sales and marketing expenses, calculated as a percentage of net revenues.

We anticipate that as we continue to invest in product development, sales and marketing and human resources in order to promote our services and capture the long-term business opportunity offered by the Internet in Latin America, it will be increasingly difficult to maintain our operating margins, and we may even could experience decreases in our operating margins.

Table of Contents

Other Data


		Three-month Periods Ended March 31,
(in millions)		2019	2018

Number of confirmed registered users at end of period (1)		280.1		223.1
Number of confirmed new registered users during period (2)		12.3		11.2
Gross merchandise volume (3)	$	3,087.8	$	3,126.4
Number of successful items sold (4)		82.8		80.1
Number of successful items shipped (5)		62.4		52.5
Total payment volume (6)	$	5,639.1	$	4,175.3
Total volume of payments on marketplace (7)	$	2,896.1	$	2,809.5
Total payment transactions (8)		143.9		74.3
Unique buyers (9)		18.8		17.0
Unique sellers (10)		4.2		5.0
Capital expenditures	$	33.0	$	23.0
Depreciation and amortization	$	15.7	$	11.1

(1)

Measure of the cumulative number of users who have registered on the MercadoLibre Marketplace and confirmed their registration, excluding Classifieds users.

(2)

Measure of the number of new users who have registered on the MercadoLibre Marketplace and confirmed their registration, excluding Classifieds users.

(3)

Measure of the total U.S. dollar sum of all transactions completed through the MercadoLibre Marketplace, excluding Classifieds transactions.

(4)

Measure of the number of items that were sold/purchased through the MercadoLibre Marketplace, excluding Classifieds items.

(5)

Measure of the number of items that were shipped through our shipping service.

(6)

Measure of the total U.S. dollar sum of all transactions paid for using Mercado Pago, including marketplace and non-marketplace transactions.

(7)

Measure of the total U.S. dollar sum of all marketplace transactions paid for using Mercado Pago, excluding shipping and financing fees.

(8)

Measure of the number of all transactions paid for using Mercado Pago.

(9)

New or existing users with at least one purchase made in the period, including Classifieds users.

(10)

New or existing users with at least one new listing in the period, including Classifieds users.

Net revenues



	Three-month Periods Ended		Change from 2018
	March 31,		to 2019 (*)
	2019	2018	in Dollars	in %
	(in millions, except percentages)
Total Net Revenues (**)	$ 473.8	$ 321.0	$ 152.8	47.6%
As a percentage of net revenues (*)	100.0%	100.0%

(*) Percentages have been calculated using whole-dollar amounts rather than rounded amounts that appear in the table. The table above may not total due to rounding.

Our net revenues grew 47.6% in the three-month period ended March 31, 2019 as compared to the same period in 2018. The increase in net revenues was primarily attributable to increases in the enhanced marketplace transactions volume related to an increase in local currency gross merchandise volume in Argentina, Brazil and Mexico of 69.6%, 17.9% and 48.0%, respectively. In addition, the increase in net revenues was attributable to:

A decrease of $38.5 million, or a 34% decrease, in our shipping subsidies, netted from revenues, during the three month period ended March 31, 2019 as compared to the same period in 2018; and

An increase of $35.7 million related to flat fee in Brazilian segment for those transactions with a low gross merchandise volume value.

The 22.4% increase in our non-marketplace revenues from $180.3 million for the three-month period ended March 31, 2018 compared to $220.7 million for the three-month period ended March 31, 2019, is mainly generated by a 35.1% increase in our total payment volume, mainly associated to off-platform transactions.

The increase in our net revenues was partially offset by the devaluation of the Argentine Peso and Brazilian Reais by approximately 53.5% and 14.7%, respectively, as of March 31, 2019 as compared to March 31, 2018.

Table of Contents



	Three-month Periods Ended		Change from 2018
	March 31,		to 2019 (***)
Consolidated Net Revenues by revenue stream	2019	2018	in Dollars	in %
	(in millions, except percentages)
Brazil
Enhanced Marketplace	$ 157.8	$ 71.4	$ 86.3	120.8%
Non-Marketplace	144.6	112.7	31.9	28.3%
	302.4	184.2	118.2	64.2%
Argentina
Enhanced Marketplace	$ 42.0	$ 52.1	$ (10.1)	-19.3%
Non-Marketplace	51.8	49.8	1.9	3.8%
	93.8	101.9	(8.2)	-8.0%
Mexico
Enhanced Marketplace	$ 42.5	$ 10.0	$ 32.5	324.2%
Non-Marketplace	12.0	7.0	5.0	71.0%
	54.6	17.1	37.5	219.7%
Other countries
Enhanced Marketplace	$ 10.7	$ 7.1	$ 3.6	50.6%
Non-Marketplace	12.3	10.7	1.6	15.2%
	23.0	17.8	5.2	29.4%
Consolidated
Enhanced Marketplace (*)	253.0	140.7	112.3	79.8%
Non-Marketplace (**)	220.7	180.3	40.5	22.4%
Total	$ 473.8	$ 321.0	$ 152.8	47.6%

(*) The amount incurred in shipping subsidies are netted from revenues, when we act as an agent, was $74.0 million and $112.5 million for the three-month periods ended March 31, 2019 and 2018, respectively.

(**) Includes, among other things, payment fees, ad sales, classified fees and other ancillary services.

(***) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table. The table above may not total due to rounding.

Brazil

Enhanced Marketplace revenues in Brazil increased 120.8% in the three-month period ended March 31, 2019 as compared to the same period in 2018. This increase was primarily a consequence of i) a 17.9% increase in local currency gross merchandise volume; ii) a decrease of $35.9 million in shipping subsidies related to our free shipping initiative, which is presented netted from revenues when we act as an agent and iii) the implementation of a flat fee for those transactions related to low gross merchandise volume. The increase was partially offset by a 14.7% devaluation of the local currency. Non-Marketplace revenues grew 28.3%, a $31.9 million increase, during the same period, mainly driven by a 144.4% increase in the off-platform payments volume, partially offset by the devaluation of the Brazilian Reais.

Argentina

Enhanced Marketplace revenues in Argentina decreased 19.3% in the three-month period ended March 31, 2019 as compared to the same period in 2018. The decrease was primarily a consequence of i) a 53.5% devaluation of the local currency and ii) an increase of $5.1 million in shipping subsidies related to our free shipping initiative, which is presented netted from revenues when we act as an agent. This decrease was partially offset by a 69.6% increase in local currency gross merchandise volume. Non-Marketplace revenues grew 3.8%, a $1.9 million increase, during the same period, mainly driven by a 83.1% increase in the off-platform payments volume, partially offset by the devaluation of the local currency.

Mexico

Enhanced Marketplace revenues in Mexico increased 324.2% in the three-month period ended March 31, 2019, as compared to the same period in 2018, mainly due to i) the effect of not netting from revenues the shipping costs related to certain shipping services given that we started acting as principal as of November 2018 and ii) a 48.0% increase in local currency gross merchandise volume. Non-Marketplace revenues grew 71.0%, a $5.0 million increase, during the same period, mainly driven by increases in the volume of off-platform payments transactions.

Table of Contents

The following table sets forth our total net revenues and the sequential quarterly growth of these net revenues for the periods described below:



	Quarter Ended
	March 31,	June 30,	September 30,	December 31,
	(in millions, except percentages)
	(*)
2019
Net revenues (**)	$ 473.8	n/a	n/a	n/a
Percent change from prior quarter	11%
2018
Net revenues (**)	$ 321.0	$ 335.4	$ 355.3	$ 428.0
Percent change from prior quarter	-10%	4%	6%	20%

(*) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table.

(**) The amount incurred in shipping subsidies, which are netted from revenues, when we act as an agent, was $74.0 million and $112.5 million for the three-month periods ended March 31, 2019 and 2018, respectively.

The following table sets forth the growth in net revenues in local currencies for the three-month period ended March 31, 2019 as compared to the same period in 2018:




(% of revenue growth in Local Currency) () (*)			Three-month period
Brazil			91.1%
Argentina			82.6%
Mexico			227.3%
Other Countries			43.9%
Total Consolidated			92.9%

(*) The local currency revenue growth was calculated by using the average monthly exchange rates for each month during 2018 and applying them to the corresponding months in 2019, so as to calculate what our financial results would have been had exchange rates remained stable from one year to the next. See also “Non-GAAP Financial Measures” section below for details on FX neutral measures.

In Argentina, the increase in local currency growth is due to an increase in our Argentine transactions volume and our shipped items volume, increases in our Mercado Pago transactions and a high level of inflation.

In Mexico and Brazil, the increase in local currency growth is a consequence of an increase of our Marketplace transactions volumes and increases in our Mercado Pago transactions and shipped items volumes.

Cost of net revenues



	Three-month Periods Ended		Change from 2018
	March 31,		to 2019 (*)
	2019	2018	in Dollars	in %
	(in millions, except percentages)
Total cost of net revenues	$ 236.8	$ 158.2	$ 78.5	49.6%
As a percentage of net revenues (*)	50.0%	49.3%

(*) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table. The table above may not total due to rounding.

For the three-month period ended March 31, 2019 as compared to the same period of 2018, the increase of $78.5 million in cost of net revenues was primarily attributable to: i) a $31.7 million increase in shipping carrier and operating costs; ii) an increase in collection fees of $15.7 million, which was mainly attributable to our Argentine and Brazilian operations as a result of the higher transactions volume of Mercado Pago in those countries and higher off-platform transactions; iii) an increase in sales taxes of

Table of Contents

$10.2 million, mainly related to the growth of our Argentine and Brazilian operations; iv) an increase in cost of products sold of $4.8 million attributable to higher volumes of mobile point of sale devices sold in Brazil, Argentina and Mexico; v) a $4.7 million increase in customer support costs mainly as a consequence of higher salaries and wages due to new hirings and vi) an increase in hosting expenses of $3.7 million.

Product and technology development expenses



	Three-month Periods Ended		Change from 2018
	March 31,		to 2019 (*)
	2019	2018	in Dollars	in %
	(in millions, except percentages)
Product and technology development	$ 52.4	$ 38.4	$ 14.0	36.4%
As a percentage of net revenues (*)	11.1%	12.0%

(*) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table. The table above may not total due to rounding.

For the three-month period ended March 31, 2019, the increase in product and technology development expenses as compared to the same period in 2018 amounted to $14.0 million. This increase was primarily attributable to: i) an increase in other product and technology development expenses of $7.0 million primarily related to certain taxes and withholdings; ii) a $3.9 million increase in salaries and wages; iii) a $1.4 million increase in maintenance expenses; and iv) a $1.1 million increase in depreciation and amortization.

We believe product development is one of our key competitive advantages and intend to continue to invest in hiring engineers to meet the increasingly sophisticated product expectations of our customer base.

Sales and marketing expenses



	Three-month Periods Ended		Change from 2018
	March 31,		to 2019 (*)
	2019	2018	in Dollars	in %
	(in millions, except percentages)
Sales and marketing	$ 130.7	$ 110.7	$ 20.0	18.0%
As a percentage of net revenues (*)	27.6%	34.5%

(*) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table. The table above may not total due to rounding.

For the three-month period ended March 31, 2019, the $20.0 million increase in sales and marketing expenses as compared to the same period in 2018 was primarily attributable to: i) an increase of $8.0 million in online and offline marketing expenses mainly in Brazil, Mexico and Argentina; ii) a $3.9 million increase in our buyer protection program expenses, mainly in Brazil; iii) a $3.9 increase in chargebacks from credit cards due to the increase in our MercadoPago transactions volume and iv) a $2.5 million increase in salaries and wages.

General and administrative expenses



	Three-month Periods Ended		Change from 2018
	March 31,		to 2019 (*)
	2019	2018	in Dollars	in %
	(in millions, except percentages)
General and administrative	$ 43.8	$ 43.1	$ 0.8	1.8%
As a percentage of net revenues (*)	9.2%	13.4%

(*) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table. The table above may not total due to rounding.

Table of Contents

For the three-month period ended March 31, 2019, the $0.8 million increase in general and administrative expenses as compared to the same period in 2018 was primarily attributable to a $4.3 million increase other general and administrative expenses mainly related to certain taxes and withholdings. This increase was partially offset by a decrease of $3.6 million in salaries and wages, mainly related to devaluation of Argentine Peso and Brazilian Reais.

Other income (expense), net


	Three-month Periods Ended		Change from 2018
	March 31,		to 2019 (*)
	2019	2018	in Dollars	in %
	(in millions, except percentages)
Other income (expense), net	$ 5.2	$ 4.1	$ 1.2	28.4%
As a percentage of net revenues (*)	1.1%	1.3%

(*) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table. The table above may not total due to rounding.

For the three-month period ended March 31, 2019, the $1.2 million increase in other income (expense), net as compared to the same period in 2018 was primarily attributable to a $15.2 million increase in interest income from our financial investments as a result of a higher float in Argentina and Brazil and the proceeds of the 2028 Notes, which generated more invested volume and interest gain. This increase was partially offset by: i) a higher foreign exchange loss of $9.3 million and ii) an increase of $4.8 million in financial expenses, mainly attributable to financial interest related to the 2028 Notes.

Income tax



	Three-month Periods Ended		Change from 2018
	March		to 2019 (*)
	2019	2018	in Dollars	in %
	(in millions, except percentages)
Income tax (expense)/gain	$ (3.5)	$ 12.4	$ (15.9)	-128.1%
As a percentage of net revenues (*)	-0.7%	3.9%

(*) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table. The table above may not total due to rounding.

During the three-month period ended March 31, 2019 as compared to the same period in 2018, income tax expense increased by $15.9 million mainly as a consequence of pre-tax gains in Brazil (resulting primarily from lower free shipping subsidies) compared to the pre-tax losses recorded in Brazil during 2018 (as a result mainly of higher operating and shipping costs during 2018).

Our blended tax rate is defined as income tax (expense)/gain as a percentage of income/(loss) before income tax. Our effective income tax rate is defined as the provision for income taxes payable as a percentage of income/(loss) before income tax. The effective income tax rate excludes the effects of the deferred income tax, and complementary income tax.

The following table summarizes our blended and effective tax rates for the three-month periods ended March 31, 2019 and 2018:


	Three-month Periods Ended
	March 31,
	2019	2018
Blended tax rate	22.7%	49.1%
Effective tax rate	113.6%	-71.6%

Table of Contents

Our blended tax rate for the three-month period ended March 31, 2019 decreased as compared to the same period in 2018 mainly due to the effect of the compensation during the first quarter of 2018 between pre-tax losses and gains which generated a reduction of our interim consolidated pre-tax result and a higher blended tax rate also due to the combination of different tax rates. This effect did not take place in 2019, where we had pre-tax gains at consolidated level that were taxable at lower tax rate, mainly due to the benefits of Argentine software development law.

Our effective tax rate for the three-month period ended March 31, 2019 increased as compared to the same period in 2018 mainly due to the combined effect of the increase in our pre-tax losses for Mexico at the segment level and the provision for income tax corresponding to certain subsidiaries with pre-tax gains. Additionally, during the first quarter of 2018, Brazil had pre-tax losses at the segment level but also provision for income tax corresponding to certain subsidiaries with pre-tax gains and during the first quarter of 2019, Brazil had pre-tax gains at the segment level, increasing its effective tax rate.

The following table sets forth our effective income tax rate on a segment basis for the three-month periods ended March 31, 2019 and 2018:



	Three-month Periods Ended
	March 31,
	2019	2018
Effective tax rate by country
Argentina	33.3%	30.5%
Brazil	32.9%	-19.0%
Mexico	-1.5%	-0.9%

The increase in the effective income tax rate in our Argentine subsidiaries during the three-month period ended March 31, 2019 as compared to the same period in 2018 was mainly related to lower pre-tax gains and higher non-deductible expenses, mainly associated to the functional currency change related to our Argentine operations in the first quarter of 2019.

For information regarding the benefits granted to the Company under the software development law, please see Note 2 to our interim unaudited condensed consolidated financial statements.

The increase in our Brazilian effective income tax rate, which was negative for the three-month period ended March 31, 2018 as compared to the same period in 2019, was mainly related to pre-tax gains during first quarter of 2019. During the first quarter of 2018, the effective tax rate in Brazil was lower and negative because of pre-tax losses (as a result of a decrease in net revenues because of the increase in our shipping subsidies described above) without any corresponding impact in our provision for income taxes.

The decrease in our Mexican negative effective income tax rate for the three-month period ended March 31, 2019 as compared to the same period in 2018 was mainly related to the combined effect of the increase in our pre-tax losses in Mexico at the segment level (as a result of an increase in our shipping subsidies described above) and the provision for income tax corresponding to certain subsidiaries with pre-tax gains.

Table of Contents

Segment information


(In millions, except for percentages)	Three-month Period Ended March 31, 2019 (*)

	Brazil	Argentina	Mexico	Other Countries	Total
Net revenues	$ 302.4	$ 93.8	$ 54.6	$ 23.0	$ 473.8
Direct costs	$ (225.3)	$ (67.5)	$ (65.6)	$ (20.4)	$ (378.9)
Direct contribution	77.0	26.3	(11.0)	2.6	94.9
Margin	25.5%	28.0%	-20.2%	11.3%	20.0%



	Three-month Period Ended March 31, 2018 (*)

	Brazil	Argentina	Mexico	Other Countries	Total
Net revenues	$ 184.2	$ 101.9	$ 17.1	$ 17.8	$ 321.0
Direct costs	$ (177.0)	$ (57.3)	$ (26.3)	$ (17.3)	$ (277.9)
Direct contribution	7.2	44.6	(9.3)	0.5	43.1
Margin	3.9%	43.8%	-54.3%	3.1%	13.4%



	Change from the Three-month Period Ended March 31, 2018 to March 31, 2019 (*)

	Brazil	Argentina	Mexico	Other Countries	Total
Net revenues
in Dollars	$ 118.2	$ (8.2)	$ 37.5	$ 5.2	$ 152.8
in %	64.2%	-8.0%	219.7%	29.4%	47.6%
Direct costs
in Dollars	$ (48.4)	$ (10.2)	$ (39.3)	$ (3.2)	$ (101.0)
in %	27.3%	17.8%	149.2%	18.4%	36.3%
Direct contribution
in Dollars	$ 69.9	$ (18.4)	$ (1.8)	$ 2.1	$ 51.8
in %	973.8%	-41.1%	19.1%	376.8%	120.2%

(*) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table. The table above may not total due to rounding.

Net revenues

Net revenues for the three-month period ended March 31, 2019 as compared to the same period in 2018 are described above in “Item 2 — Management’s Discussion and Analysis of Financial Condition and Results of Operations — Net revenues”.

Direct costs

Brazil

For the three-month period ended March 31, 2019 as compared to the same period in 2018, direct costs increased by 27.3%, mainly driven by: i) a 40.8% increase in cost of net revenues, mainly attributable to an increase in collection fees as a consequence of higher transactions volume of our Mercado Pago business, shipping operating costs, sales tax and salaries and wages related to customer service; ii) a 11.9% increase in sales and marketing expenses, mainly due to an increase in online and offline marketing expenses, buyer protection program expenses, bad debt expenses, salaries and wages and chargebacks from credit cards due to the increase in our Mercado Pago transaction volume; iii) a 28.0% increase in product and technology development expenses, mainly due to an increase in depreciation and amortization expenses and salaries and wages and; iv) a 6.3% increase in general and administrative expenses, mainly attributable to an increase in tax and other fees and other general and administrative expenses.

Table of Contents

Argentina

For the three-month period ended March 31, 2019 as compared to the same period in 2018, direct costs increased by 17.8%, mainly driven by: i) a 20.3% increase in cost of net revenues, mainly attributable to an increase in cost of products sold as a consequence of higher volume of mobile point of sale devices, salaries and wages related to customer service and other payments costs and ii) a 9.3% increase in sales and marketing expenses, mainly due to an increase in buyer protection program expenses, chargebacks from credit cards and salaries and wages.

Mexico

For the three-month period ended March 31, 2019 as compared to the same period in 2018, direct costs increased by 149.2%, mainly driven by: i) a 316.3% increase in cost of net revenues, mainly attributable to an increase in shipping operating costs, collection fees due to higher Mercado Pago penetration, customer support costs and cost of products sold as a consequence of higher volume of mobile point of sale devices; ii) a 51.1% increase in sales and marketing expenses, mainly due to increases in online and offline marketing expenses, buyer protection program expenses, chargebacks from credit cards due to the increase in our Mercado Pago volume and salaries and wages; iii) a 133.3% increase in general and administrative expenses mainly due to a increase in salaries and wages and other general and administrative expenses and iv) a 83.2% increase in product and technology development expenses, mainly attributable to depreciation and amortization and salaries and wages.

Liquidity and Capital Resources

Our main cash requirement has been working capital to fund Mercado Pago financing operations. We also require cash for capital expenditures relating to technology infrastructure, software applications, office space, business acquisitions, to fund our credit business, to build out our logistics capacity and the interest payments on our issued convertible notes.

Since our inception, we have funded our operations primarily through contributions received from our stockholders during the first two years of operations, from funds raised during our initial public offering, and from cash generated from our operations. We issued the 2019 Notes and 2028 Notes for net proceeds of approximately $321.7 million and $864.6 million, respectively. We have funded Mercado Pago mainly by discounting credit card receivables and credit lines.

Additionally, we continue funding our MercadoCredito business through securitization of certain loan receivables through SPEs created in Brazil and Argentina, formed to securitize loan receivables provided by us to our users. We will be using this alternative funding as the MercadoCredito business requires financing to develop and improve its operations. Please refer to Note 11 of our unaudited interim condensed consolidated financial statements for further detail on securitization transactions.

Finally, we issued common and preferred stock in the securities offerings that closed on March 15, 2019 and March 29, 2019, respectively, for net aggregate proceeds of approximately $2,000 million, which are intended to be used to fund the growth of our payment initiatives, build out our logistics capacity, drive the adoption of these services and for general corporate purposes. Please see note 10 to our unaudited condensed consolidated financial statements for additional information regarding our equity offerings.

As of March 31, 2019, our main source of liquidity, amounting to $2,706.3 million of cash and cash equivalents and short-term investments which excludes a $238.0 million investment related to the Central Bank of Brazil Mandatory Guarantee, and $275.4 million of long-term investments, consists of cash generated from operations, proceeds from loans, from the issuance of the 2019 Notes and the 2028 Notes and proceeds from the issuance of common and preferred stock. We consider our long-term investments as part of our liquidity because long-term investments are comprised of available-for-sale securities classified as long-term as a consequence of their contractual maturities.

The significant components of our working capital are cash and cash equivalents, restricted cash and cash equivalents, short-term investments, accounts receivable, loans receivable, accounts payable and accrued expenses, funds receivable from and payable to Mercado Pago users, and short-term debt.

As of March 31, 2019, cash and investments of our non-U.S. subsidiaries amounted to $875.1 million, a 27.1% of our consolidated cash, restricted cash and cash equivalents and investments, and our non-U.S. dollar-denominated cash and investments amounted to approximately 23.7% of our consolidated cash and investments. Our non-U.S. dollar-denominated cash and investments are located primarily in Brazil.

In the event we change the way we manage our business, our working capital needs could be funded, as in the past, through a combination of the sale of credit card coupons to financial institutions, cash advances from our business and securitization of financial assets through a special purpose vehicle, such as a trust.

Table of Contents

The following table presents our cash flows from operating activities, investing activities and financing activities for the three-month periods ended March 31, 2019 and 2018:


	Three-month Periods Ended
	March 31, (*)
(In millions)	2019	2018
Net cash provided by (used in):
Operating activities	$ 138.4	$ (37.0)
Investing activities	(1,260.1)	(24.1)
Financing activities	1,974.7	24.0
Effect of exchange rates on cash and cash equivalents	(11.4)	(0.8)
Net increase/(decrease) in cash and cash equivalents	$ 841.6	$ (37.8)

(*) The table above may not total due to rounding.

Net cash provided by/(used in) operating activities

Cash provided by/(used in) operating activities consists of net income adjusted for certain non-cash items, and the effect of changes in working capital and other activities:



	Three-month Periods Ended		Change from 2018
	March 31, (*)		to 2019 (*)
	2019	2018	in Dollars	in %
	(in millions, except percentages)
Net Cash provided by/(used in):
Operating activities	$ 138.4	$ (37.0)	$ 175.4	473.9%

(*) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table. The table above may not total due to rounding.

The $175.4 million increase in net cash provided by operating activities during the three-month period ended March 31, 2019, as compared to the same period in 2018, was primarily driven by a $69.8 million increase caused by a reduction in credit card receivables, a $43.1 million increase in funds payable to customers, a $24.8 million increase in our net income, a $19.5 million increase caused by a reduction in prepaid expenses and a $9.7 million increase in other liabilities.

Net cash used in investing activities



	Three-month Periods Ended		Change from 2018
	March 31, (*)		to 2019 (*)
	2019	2018	in Dollars	in %
	(in millions, except percentages)
Net Cash used in:
Investing activities	$ (1,260.1)	$ (24.1)	$ (1,236.0)	-5129.2%

(*) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table. The table above may not total due to rounding.

Net cash used in investing activities in the three-month period ended March 31, 2019 resulted mainly from purchases of investments of $1,624.2 million, which was partially offset by proceeds from the sale and maturity of investments of $439.7 million, as part of our financial strategy. We used $42.6 million in principal of loans receivable granted to merchants and consumers under our MercadoCredito solution; and $32.9 million in the purchase of property and equipment (mainly in information technology in Argentina, Brazil and the United States).

Net cash provided by financing activities



	Three-month Periods Ended		Change from 2018
	March 31, (*)		to 2019 (*)
	2019	2018	in Dollars	in %
	(in millions, except percentages)
Net Cash provided by:
Financing activities	$ 1,974.7	$ 24.0	$ 1,950.7	8119.0%

(*) Percentages have been calculated using whole-dollar amounts rather than the rounded amounts that appear in the table. The table above may not total due to rounding.

Table of Contents

For the three-month period ended March 31, 2019, the $1,950.7 million increase in net cash provided by financing activities was mainly derived from $1,866.5 million in proceeds from the issuance of Common Stock, $98.7 million in proceeds from issuance of Preferred Stock.

In the event that we decide to pursue strategic acquisitions in the future, we may fund them with available cash, third-party debt financing, or by raising equity capital, as market conditions allow.

Debt

Convertible Senior Notes

On August 24, 2018, we issued $800 million of 2.00% Convertible Senior Notes due 2028 and on August 31, 2018 we issued an additional $80 million of notes pursuant to the partial exercise of the initial purchasers’ option to purchase such additional notes, resulting in an aggregate principal amount of $880 million of 2.00% Convertible Senior Notes due 2028. The 2028 Notes are unsecured, unsubordinated obligations of us, which pay interest in cash semi-annually, on February 15 and August 15, at a rate of 2.00% per annum. The 2028 Notes will mature on August 15, 2028 unless earlier repurchased or converted in accordance with their terms prior to such date. The 2028 Notes may be converted, under specific conditions, based on an initial conversion rate of 2.2553 shares of common stock per $1,000 principal amount of the 2028 Notes (equivalent to an initial conversion price of $443.40 per share of common stock), subject to adjustment as described in the indenture governing the 2028 Notes.

On June 30, 2014, we issued $330 million of 2.25% convertible senior notes due 2019 (the “2019 Notes”). The 2019 Notes are unsecured, unsubordinated obligations of the Company, which pay interest in cash semi-annually, on January 1 and July 1 of each year, at a rate of 2.25% per annum. The 2019 Notes will mature on July 1, 2019 unless earlier repurchased or converted in accordance with their terms prior to such date. The 2019 Notes may be converted, under specific conditions, based on an initial conversion rate of 7.9353 shares of common stock per $1,000 principal amount of the 2019 Notes (equivalent to an initial conversion price of $126.02 per share of common stock), subject to adjustment as described in the indenture governing the Notes.

Please refer to note 9 to our unaudited interim condensed consolidated financial statements for additional information regarding the 2019 Notes, the 2028 Notes and the related capped call transactions.

Mercado Pago Funding

During 2019, we, through our subsidiaries, continued obtaining certain lines of credit in Argentina, Chile and Uruguay primarily to fund the Mercado Pago business. Additionally, we started to securitize certain loan receivables through its Argentine and Brazilian SPEs, formed to securitize loan receivables provided by us to our users. Please refer to Note 11 to our interim unaudited condensed consolidated financial statements for additional detail.

Capital expenditures

Our capital expenditures (composed of our payments for property and equipment (as fulfillment centers), intangible assets and acquired businesses) for the three-month periods ended March 31, 2019 and 2018 amounted to $33.0 million and $23.0 million, respectively.

During the three-month period ended March 31, 2019, we invested $12.2 million in information technology in Brazil, Argentina and Mexico, and $12.1 million in our Argentine, Brazilian and Mexican offices.

We are continually increasing our level of investment in hardware and software licenses necessary to improve and update our platform’s technology and computer software developed internally. We anticipate continued investments in capital expenditures related to information technology in the future as we strive to maintain our position in the Latin American e-commerce market.

We believe that our existing cash and cash equivalents, including the sale of credit card receivables and cash generated from operations will be sufficient to fund our operating activities, property and equipment expenditures and to pay or repay obligations going forward.

Off-balance sheet arrangements

As of March 31, 2019, we had no off-balance sheet arrangements that have, or are reasonably likely to have, a current or future material effect on our consolidated financial condition, results of operations, liquidity, capital expenditures or capital resources.

Table of Contents

Recently issued accounting pronouncements

See Item 1 of Part I, “Unaudited Interim Condensed Consolidated Financial Statements-Note 2-Summary of significant accounting policies- Recently Adopted Accounting Standards and Recently issued accounting pronouncements not yet adopted.”

Non-GAAP Financial Measures

To supplement our consolidated financial statements presented in accordance with U.S. GAAP, we use foreign exchange (“FX”) neutral measures as a non-GAAP measure.

This non-GAAP measure should not be considered in isolation or as a substitute for measures of performance prepared in accordance with U.S. GAAP and may be different from non-GAAP measures used by other companies. In addition, this non-GAAP measure is not based on any comprehensive set of accounting rules or principles. Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with U.S. GAAP. This non-GAAP financial measure should only be used to evaluate our results of operations in conjunction with the most comparable U.S. GAAP financial measures.

Reconciliation of this non-GAAP financial measure to the most comparable U.S. GAAP financial measure can be found in the table included in this quarterly report.

We believe that reconciliation of FX neutral measures to the most directly comparable GAAP measure provides investors an overall understanding of our current financial performance and its prospects for the future. Specifically, we believe this FX neutral non-GAAP measure provide useful information to both Management and investors by excluding the foreign currency exchange rate impact that may not be indicative of our core operating results and business outlook.

The FX neutral measures were calculated by using the average monthly exchange rates for each month during 2018 and applying them to the corresponding months in 2019, so as to calculate what our results would have been if exchange rates remained stable from one year to the next. The table below excludes intercompany allocation FX effects. Finally, this measures does not include any other macroeconomic effect such as local currency inflation effects, the impact on impairment calculations or any price adjustment to compensate local currency inflation or devaluations.

The following table sets forth the FX neutral measures related to our reported results of the operations for the three-month periods ended March 31, 2019:


	Three-month Periods Ended March 31, (*)
	As reported			FX Neutral Measures	As reported
(In millions, except percentages)	2019	2018	Percentage Change	2019	2018	Percentage Change
	(Unaudited)			(Unaudited)
Net revenues	$ 473.8	$ 321.0	47.6%	$ 619.2	$ 321.0	92.9%
Cost of net revenues	(236.8)	(158.2)	49.6%	(317.1)	(158.2)	100.4%
Gross profit	237.0	162.8	45.6%	302.2	162.8	85.7%

Operating expenses	(226.9)	(192.2)	18.1%	(332.9)	(192.2)	73.3%
Income (Loss) from operations	10.1	(29.4)	-134.5%	(30.8)	(29.4)	4.6%

(*) The table above may not total due to rounding.

The table above shows a loss from operations on an FX neutral basis mainly as result of a 53.5% Argentine local currency devaluation as of March 31, 2019 compared to March 31, 2018, which has a strong impact if we estimate our Argentine operating expenses on an FX neutral basis.

Table of Contents

Item 3 — Qualitative and Quantitative Disclosure About Market Risk

We are exposed to market risks arising from our business operations. These market risks arise mainly from the possibility that changes in interest rates and the U.S. dollar exchange rate with local currencies, particularly the Brazilian Reais and Argentine Peso due to Brazil’s and Argentine’s respective share of our revenues, may affect the value of our financial assets and liabilities.

Foreign currencies

We have significant operations internationally that are denominated in foreign currencies, primarily the Brazilian Reais, Argentine Peso, Mexican Peso, Colombian Peso and Chilean Peso, subjecting us to foreign currency risk which may adversely impact our financial results. We transact business in various foreign currencies and have significant international revenues and costs. In addition, we charge our international subsidiaries for their use of intellectual property and technology and for certain corporate services. Our cash flows, results of operations and certain of our intercompany balances that are exposed to foreign exchange rate fluctuations may differ materially from expectations and we may record significant gains or losses due to foreign currency fluctuations and related hedging activities.

As of March 31, 2019, we hold cash and cash equivalents in local currencies in our subsidiaries, and have receivables denominated in local currencies in all of our operations. Our subsidiaries generate revenues and incur most of their expenses in the respective local currencies of the countries in which they operate. As a result, our subsidiaries use their local currency as their functional currency except for our Argentine subsidiaries whose functional currency is the U.S. dollar due to the inflationary environment. As of March 31, 2019, the total cash and cash equivalents denominated in foreign currencies totaled $306.2 million, short-term investments denominated in foreign currencies totaled $422.3 million and accounts receivable, credit cards receivable and loans receivable in foreign currencies totaled $342.7 million. As of March 31, 2019, we had no long-term investments denominated in foreign currencies. To manage exchange rate risk, our treasury policy is to transfer most cash and cash equivalents in excess of working capital requirements into U.S. dollar-denominated accounts in the United States. As of March 31, 2019, our U.S. dollar-denominated cash and cash equivalents and short-term investments totaled $2,226.2 million and our U.S. dollar-denominated long-term investments totaled $275.4 million.

For the three-month period ended March 31, 2019, we had a consolidated loss on foreign currency of $3.7 million primarily as a result of a $3.5 million loss arising from the strengthening of the U.S. dollar over our Argentine Peso net asset position in Argentina.

The following table sets forth the percentage of consolidated net revenues by segment for the three-month periods ended March 31, 2019 and 2018:


	Three-month Periods Ended
	March 31,
(% of total consolidated net revenues) () (*)	2019		2018
Brazil	63.8	%	57.4	%
Argentina	19.8		31.8
Mexico	11.5		5.3
Other Countries	4.9		5.6

(*) Percentages have been calculated using whole-dollar amounts.

(**)The amount incurred in shipping subsidies, which are netted from revenues, when we act as an agent, was $74.0 million and $112.5 million for the three-month periods ended March 31, 2019 and 2018, respectively.

Table of Contents

Foreign Currency Sensitivity Analysis

The table below shows the impact on our net revenues, expenses, other expenses and income tax, net income and equity for a positive and a negative 10% fluctuation on all the foreign currencies to which we are exposed to for the three-month period ended March 31, 2019:



Foreign Currency Sensitivity Analysis (*)
(In millions)	-10%	Actual	+10%
	(1)		(2)
Net revenues	$ 526.4	$ 473.8	$ 430.7
Expenses	(515.2)	(463.6)	(421.4)
Income from operations	11.2	10.1	9.3

Other expenses and income tax related to P&L items	6.6	5.4	4.4

Foreign Currency impact related to the remeasurement of our Net Asset position	(4.1)	(3.7)	(3.3)
Net Income	13.7	11.9	10.4

Total Shareholders' Equity	$ 2,551.3	$ 2,214.1	$ 2,366.9

(1)

Appreciation of the subsidiaries’ local currency against U.S. Dollar

(2)

Depreciation of the subsidiaries’ local currency against U.S. Dollar

(*) The table above may not total due to rounding.

The table above shows an increase in our net income when the U.S. dollar weakens against foreign currencies because of the net negative impact of the re-measurement of our net asset position in U.S. dollars and the increase in our income from operations and other expenses, net and income tax lines related to the translation effect. Similarly, the table above shows a decrease in our net income when the U.S. dollar strengthens against foreign currencies because the re-measurement of our net asset position in U.S. dollars has a lesser impact than the decrease in our loss from operations and other expenses, net and income tax lines related to the translation effect.

Argentine Segment

In accordance with U.S. GAAP, we have classified our Argentine operations as highly inflationary since July 1, 2018, using the U.S. dollar as the functional currency for purposes of reporting our financial statements. Therefore, no translation effect has been accounted for in other comprehensive income related to our Argentine operations since July 1, 2018.

As of March 31, 2019, the Argentine Peso exchange rate against the U.S. dollar was 43.35.

Had a hypothetical devaluation of 10% of the Argentine Peso against the U.S. dollar occurred on March 31, 2019, the reported net asset in our Argentine subsidiaries would have recorded a foreign exchange loss amounting to approximately $1.7 million in our Argentine subsidiaries.

Brazilian Segment

As of March 31, 2019, the Brazilian Reais exchange rate against the U.S. dollar was 3.90.

Had a hypothetical devaluation of 10% of the Brazilian Reais against the U.S. dollar occurred on March 31, 2019, the reported net assets in our Brazilian subsidiaries would have decreased by approximately $30.9 million with the related impact in Other Comprehensive Income. Additionally, we would have recorded a foreign exchange gain amounting to approximately $2.4 million in our Brazilian subsidiaries.

Table of Contents

Interest

Our earnings and cash flows are also affected by changes in interest rates. These changes could have an impact on the interest rates that financial institutions charge us prior to the time we sell our Mercado Pago receivables. As of March 31, 2019, Mercado Pago’s receivables totaled $308.5 million. Interest rate fluctuations could also impact interest earned through our MercadoCredito solution. As of March 31, 2019, loans granted under our MercadoCredito solution totaled $134.6 million. Interest rate fluctuations could also negatively affect certain of our fixed rate and floating rate investments comprised primarily of time deposits, money market funds, investment grade corporate debt securities and sovereign debt securities. Investments in both fixed rate and floating rate interest earning products carry a degree of interest rate risk. Fixed rate securities may have their fair market value adversely impacted due to a rise in interest rates, while floating rate securities may produce less income than predicted if interest rates fall.

Under our current policies, we do not use interest rate derivative instruments to manage exposure to interest rate changes. As of March 31, 2019, the average duration of our available for sale securities, defined as the approximate percentage change in price for a 100-basis-point change in yield, was 0.8%. If interest rates were to instantaneously increase (decrease) by 100 basis points, the fair market value of our available for sale securities as of March 31, 2019 could decrease (increase) by approximately $10.0 million.

As of March 31, 2019, our short-term investments amounted to $1,648.5 million and our long-term investments amounted to $275.4 million. These investments, except for the $238.0 million investment related to the Central Bank of Brazil Mandatory Guarantee, can be readily converted at any time into cash or into securities with a shorter remaining time to maturity. We determine the appropriate classification of our investments at the time of purchase and re-evaluate such designations as of each balance sheet date.

Equity Price Risk

Our board of directors adopted the 2011 and 2012 long-term retention plans (the “2011 and 2012 LTRPs”, respectively), under which certain eligible employees receive awards (“LTRP Awards”), which are payable as follows:

eligible employees will receive a fixed payment equal to 6.25% of his or her LTRP Award under the 2011, and/or 2012 LTRP, respectively, once a year for a period of eight years. The 2011 LTRP awards began paying out starting in 2012 and the 2012 LTRP Awards starting in 2013(the “2011 or 2012 Annual Fixed Payment”, respectively); and

on each date we pay the respective Annual Fixed Payment to an eligible employee, he or she will also receive a payment (the “2011 or 2012 Variable Payment”, respectively) equal to the product of (i) 6.25% of the applicable 2011 and/or 2012 LTRP Award and (ii) the quotient of (a) divided by (b), where (a), the numerator, equals the Applicable Year Stock Price (as defined below) and (b), the denominator, equals the 2010 (with respect to the 2011 LTRP) and 2011 (with respect to the 2012 LTRP) Stock Price, ($65.41 and $77.77 for the 2011 and 2012 LTRP, respectively, which was the average closing price of the Company’s common stock on the NASDAQ Global Select Market during the final 60 trading days of 2010 and 2011, respectively. The “Applicable Year Stock Price” equals the average closing price of the Company’s common stock on the NASDAQ Global Select Market during the final 60 trading days of the year preceding the applicable payment date.

Our board of directors, upon the recommendation of the compensation committee, approved the 2013, 2014, 2015, 2016, 2017, and 2018 Long Term Retention Plan (the “2013, 2014, 2015, 2016, 2017 and 2018 LTRPs”), respectively.

In order to receive an award under the 2013, 2014, 2015, 2016, 2017 and/or 2018 LTRP, each eligible employee must satisfy the performance conditions established by the Board of Directors for such employee. If these conditions are satisfied, the eligible employee will, subject to his or her continued employment as of each applicable payment date, receive the full amount of his or her 2013, 2014, 2015, 2016, 2017, and/or 2018 LTRP award, payable as follows:

the eligible employee will receive a fixed payment, equal to 8.333% of his or her 2013, 2014, 2015, 2016, 2017, and/or 2018 LTRP bonus once a year for a period of six years starting in March 2014, 2015, 2016, 2017, and/or 2018 respectively (the “2013, 2014, 2015, 2016, 2017, or 2018 Annual Fixed Payment”, respectively); and

on each date we pay the Annual Fixed Payment to an eligible employee, he or she will also receive a payment (the “2013, 2014, 2015, 2016, 2017, or 2018 Variable Payment”, respectively) equal to the product of (i) 8.333% of the applicable 2013, 2014, 2015, 2016, 2017, and/or 2018 LTRP award and (ii) the quotient of (a) divided by (b), where (a), the numerator, equals the Applicable Year Stock Price (as defined below) and (b), the denominator, equals the 2012 (with respect to the 2013 LTRP), 2013 (with respect to the 2014 LTRP), 2014 (with respect to the 2015 LTRP), 2015 (with respect to the 2016 LTRP), 2016 (with respect to the 2017 LTRP) and 2017 (with respect to the 2018 LTRP) Stock Price, defined as $79.57, $118.48, $127.29, $111.02, $164.17, $270.84 and $322.91 for the 2013, 2014, 2015, 2016, 2017 and 2018 LTRP, respectively, which was the average closing price of our common stock on the NASDAQ Global Select Market during the final 60 trading days of 2012, 2013, 2014, 2015, 2016 and 2017, respectively. The “Applicable Year Stock Price” shall equal the average closing price of our common stock on the NASDAQ Global Select Market during the final 60 trading days of the year preceding the applicable payment date.

Table of Contents

Our board of directors, upon the recommendation of the compensation committee, approved the 2019 Long Term Retention Plan (the “2019 LTRP”). In order to receive the full target award under the 2019 LTRP, each eligible employee must remain employed as of each applicable payment date. The 2019 LTRP award is payable as follows:

the eligible employee will receive 8.333% of his or her 2019 LTRP bonus once a year for a period of six years starting in March 2020 (the “2019 Annual Fixed Payment”); and

on each date we pay the Annual Fixed Payment to an eligible employee, he or she will also receive a payment (the “2019 Variable Payment” equal to the product of (i) 8.333% of the 2019 LTRP award and (ii) the quotient of (a) divided by (b), where (a), the numerator, equals the Applicable Year Stock Price (as defined below) and (b), the denominator, equals the average closing price of our common stock on the NASDAQ Global Select Market during the final 60 trading days of 2019. The “Applicable Year Stock Price” shall equal the average closing price of our common stock on the NASDAQ Global Select Market during the final 60 trading days of the year preceding the applicable payment date.

At March 31, 2019, the total contractual obligation fair value of our 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018 and 2019 LTRP Variable Payment obligation amounted to $106.0 million. As of March 31, 2019, the accrued liability related to the 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018 and 2019 Variable Payment of the LTRP included in Salaries and Social security payable in our condensed consolidated balance sheet amounted to $53.4 million. The following table shows a sensitivity analysis of the risk associated with our total contractual obligation fair value related to the 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018 and 2019 LTRP Variable Payment if our common stock price per share were to increase or decrease by up to 40%:



		As of March 31, 2019
		MercadoLibre, Inc	2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018 and 2019
		Equity Price	LTRP Variable contractual obligation
(In thousands, except equity price)
Change in equity price in percentage

40%		560.52	148,353
30%		520.48	137,757
20%		480.44	127,160
10%		440.41	116,563
Static	(*)	400.37	105,967
-10%		360.33	95,370
-20%		320.30	84,773
-30%		280.26	74,177
-40%		240.22	63,580

(*) Average closing stock price for the last 60 trading days of the closing date.

Item 4 — Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our Management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Evaluation of disclosure controls and procedures

Based on the evaluation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) required by Exchange Act Rules 13a-15(b) or 15d-15(b), our chief executive officer and our chief financial officer have concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective.

Changes in Internal Controls Over Financial Reporting

There were no changes in our internal control over financial reporting (as such term is defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) during the three-month period ended March 31, 2019 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Table of Contents

PART II. OTHER INFORMATION

Item 1 — Legal Proceedings

See Item 1 of Part I, “Financial Statements—Note 7 Commitments and Contingencies—Litigation and other Legal Matters.”

Item 1A — Risk Factors

As of March 31, 2019, there have been no material changes in our risk factors from those disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2018.

Item 6 — Exhibits

The information set forth under “Index to Exhibits” below is incorporated herein by reference.

MercadoLibre, Inc.

INDEX TO EXHIBITS


3.1		Registrant’s Amended and Restated Certificate of Incorporation. (1)
3.2		Registrant’s Amended and Restated Bylaws. (1)
3.3		Registrant’s Certificate of Designation of Series A Perpetual Preferred Stock. (2)
4.1		Form of Specimen Certificate for the Registrant’s Common Stock. (3)
4.2		Indenture with respect to the Registrant’s 2.25% Convertible Senior Notes due 2019, dated as of June 30, 2014, between the Registrant and Wilmington Trust, National Association, as trustee. (4)
4.3		Indenture with respect to the Registrant’s 2.00% Convertible Senior Notes due 2028, dated as of August 24, 2018, between the Registrant and Wilmington Trust, National Association, as trustee. (5)
10.1		Amended 2018 Long-Term Retention Plan *
10.2		2019 Long-Term Retention Plan *
10.3		Securities Purchase Agreement, dated as of March 11, 2019, by and between MercadoLibre, Inc. and PayPal, Inc. (6)
10.4		Securities Purchase Agreement, dated as of March 11, 2019, by and between MercadoLibre, Inc. and Merlin DF Holdings, LP. (6)
31.1		Certification of Chief Executive Officer pursuant to Securities Exchange Act Rule 13a-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *
31.2		Certification of Chief Financial Officer pursuant to Securities Exchange Act Rule 13a-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *
32.1		Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. *
32.2		Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. *
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase


*	Filed or furnished herewith, as applicable.
(1)	Incorporated by reference to the Registration Statement on Form S-1 filed on May 11, 2007.
(2)	Incorporated by reference to the Registrant’s Current Report on Form 8-K filed on March 29, 2019.
(3)	Incorporated by reference to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2008 filed on February 27, 2009.
(4)	Incorporated by reference to the Registrant’s Current Report on Form 8-K filed on June 30, 2014.
(5)	Incorporated by reference to the Registrant’s Current Report on Form 8-K filed on August 24, 2018.
(6)	Incorporated by reference to the Registrant’s Current Report on Form 8-K filed on March 13, 2019.

Table of Contents

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.



	MERCADOLIBRE, INC.
	Registrant

Date: May 3, 2019.	By:	/s/ Marcos Galperin
		Marcos Galperin
		President and Chief Executive Officer

	By:	/s/ Pedro Arnt
		Pedro Arnt
		Executive Vice President and Chief Financial Officer

EX-10.1 2 meli-20190331xex10_1.htm EX-10.1 Exhibit 101

MERCADOLIBRE, INC. 2018 LONG TERM RETENTION PROGRAM

Effective as of January 1, 2018

Contents

MercadoLibre, Inc. 2018 Long Term Retention Program


Article 1.	Purpose	1
Article 2.	Definitions	1
Article 3.	Participation; Performance Goals and Award Opportunities	4
Article 4.	Review of Participant’s Performance	4
Article 5.	Payment of Awards	5
Article 6.	Termination of Employment; Forfeitures	7
Article 7.	Administrative Provisions	8

MERCADOLIBRE, INC. 2018 LONG TERM RETENTION PROGRAM

Article 1. Purpose

The MercadoLibre, Inc. 2018 Long Term Retention Program (the “Plan”) is effective as of January 1, 2018. The principal purpose of the Plan is to assist the Company in the retention of key employees that have valuable industry experience and developed competencies by rewarding Participants in relation to their individual results and their contributions to the organization, as well as overall Company goals and performance.

Article 2. Definitions

When used in the Plan, the following terms shall have the meanings set forth below:

“Affiliate” means with respect to any Person, a Person that controls, is controlled by, or is under common control with such Person (it being understood, that a Person shall be deemed to “control” another Person, for purposes of this definition, if such Person directly or indirectly has the power to direct or cause the direction of the management and policies of such other Person, whether through holding ownership interests in such other Person, through agreements or otherwise, and that direct or indirect ownership of ten percent (10%) or more of the voting interests of another Person shall always be deemed to constitute “control”).

“Award” means any Fixed Award or any Variable Award.

“Award Committee” means (i) with respect to all Eligible Employees, the Compensation Committee of the Board, or such other committee that the Board appoints to administer this Plan, which shall have general administrative authority concerning the Plan, and (ii) with respect to Eligible Employees who are not executive officers of the Company, the Company’s Chief Executive Officer, each of which shall, subject to Article 7, have the authority and discretion to resolve any and all terms and conditions of any Awards and disputes concerning the Plan and any Awards hereunder.

“Board” means the board of directors of the Company.

“Cause” means “cause” or a similar term set forth in the Participant’s employment agreement with the Company or, if no such agreement is then in effect, shall mean (A) the Participant’s material disregard of his responsibilities, authorities, powers, functions or duties or failure to act, (B) repeated or material negligence or misconduct by the Participant in the performance of his duties, (C) appropriation (or attempted appropriation) of a business opportunity of the Company, including attempting to secure or securing any personal profit in connection with any transaction entered into on behalf of the Company, (D) the commission by the Participant of any act of fraud, theft or financial dishonesty with respect to the Company, or any felony or criminal act involving moral turpitude or dishonesty on the part of the Participant, (E) the Participant’s habitual drunkenness or excessive absenteeism not related to sickness, and/or (F) the material breach by the Participant of any provision of his employment agreement that is not cured by the Participant within thirty (30) days after written notice of breach has been delivered to the Participant by the Company, unless such breach is incapable of cure (in which case the Participant shall not be entitled to an opportunity to cure), in each case of clauses (A) through (F) above, as determined by the Board in good faith.

“Change in Control” shall mean a change in control of the Company which will be deemed to have occurred after the date hereof if:

(a) any “person” as such term is used in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof, is or becomes the beneficial owner, as such term is defined in Rule 13d-3 under the Exchange Act, directly or indirectly, of securities of the Company representing at least fifty percent (50%) of the combined voting power or Shares of the Company; provided, however, that such term shall not include (A) the Company or any of its subsidiaries, (B) any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its affiliates, (C) an underwriter temporarily holding securities pursuant to an offering of such

securities, (D) any corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of the Company’s Shares, or (E) any person or group as used in Rule 13d-1(b) under the Exchange Act;

(b) there is consummated a merger or consolidation of the Company or any of its direct or indirect subsidiaries with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or any parent thereof) more than fifty percent (50%) of the combined voting power and Shares of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation; or

(c) there is completed a sale or disposition by the Company of all or substantially all of the Company’s assets (or any transaction having a similar effect, including a liquidation) other than a sale or disposition by the Company of all or substantially all of the Company’s assets to an entity, more than fifty percent (50%) of the combined voting power and Shares of which is owned by shareholders of the Company in substantially the same proportions as their ownership of the Shares of the Company immediately prior to such sale.

“Company” means MercadoLibre, Inc. and its consolidated subsidiaries, and MercadoLibre, Inc.’s successors or assigns.

“Covered Termination” means (i) a termination of a Participant’s employment by the Company without Cause and for a reason other than the Participant’s death or disability (as determined under Article 6(a)) or (ii) a Participant’s resignation from the Company with Good Reason).

“Eligible Employee” means an individual who is designated by the Award Committee as eligible for this Plan and who is employed by the Company as determined by the Award Committee.

“Fixed Award” means a specified cash award, calculated in accordance with Article 5, payable to a Participant under this Plan for services provided to the Company in 2018, as determined by the Award Committee from time to time in its sole discretion. Fixed Award payments shall be contingent on the attainment of one or more Performance Goals. The timing and conditions of the payment of the Fixed Award are subject to the terms and conditions of the Plan and, subject to Article 7 of the Plan, any other terms and conditions determined by the Award Committee to be appropriate. The Fixed Award may, but is not required to, be evidenced by a separate agreement executed by the Participant.

“Good Reason” means (i) a material diminution in the Participant’s duties, functions and responsibilities to the Company without the Participant’s consent or the Company preventing the Participant from fulfilling or exercising the Participant’s materials duties, functions and responsibilities to the Company without the Participant’s consent; (ii) a material reduction in the Participant’s base salary or bonus opportunity or (iii) a requirement that the Participant relocate the Participant’s employment more than fifty (50) miles from the location of the Participant’s principal office without the consent of the Participant. A Participant’s resignation shall not be a resignation with Good Reason unless the Participant gives the Company written notice (delivered within thirty (30) days after the Participant knows of the event, action, etc. that the Participant asserts constitutes Good Reason), the event, action, etc. that the Participant asserts constitutes Good Reason is not cured, to the reasonable satisfaction of the Participant, within thirty (30) days after such notice and the Participant resigns effective not later than thirty (30) days after the expiration of such cure period.

“Market Value” of a Share, as of any date, means (i) the average closing sale price of one Share as reported on a national stock exchange, including, but not limited to, the NASDAQ Global Market (a “National Stock Exchange”) during the sixty (60) trading day period (or such shorter period as the Shares are so listed) ending on the last trading day immediately preceding such date; (ii) if the Shares are not listed for trading on a National Stock Exchange during any day in that sixty (60) trading day period but are quoted on the Over-the-Counter-Bulletin Board (the “OTCBB”), the mean between the closing bid and closing asked prices for the Shares as quoted on the OTCBB during the sixty (60) trading day period (or such shorter period as the Shares are so quoted) ending on the last trading day immediately preceding such date, (iii) if the Shares are not listed for trading on a National Stock Exchange or quoted on the OTCBB during any day in that sixty (60) trading day period and the Shares were last traded on a National Stock Exchange, the average closing sale price of one Share as reported on the National Stock Exchange during the ninety (90) trading day period ending on the last day the Shares were listed for trading on such Exchange or (iv) if the Shares are not listed for trading on a National Stock Exchange or quoted on the OTCBB during any day in that sixty (60) trading day period and the Shares were last traded on the OTCBB, the mean between the closing bid and closing asked prices for the Shares as quoted on the OTCBB during the ninety (90) trading day period ending on the last day the Shares were quoted on the OTCBB. For purposes of calculating the benefits and valuing Shares for the single cash payment payable within fifteen (15) days after a Change in Control, the term “Market Value” means the amount determined under the preceding sentence determined as of the date on which the Change in Control occurs. For purposes of calculating benefits and valuing Shares for other payments payable after a Change of Control, the term “Market Value” means, (x) in the event the Company is not the surviving entity in the Change in Control, the amount determined under the first sentence of this paragraph and determined as of the date on which the Change in Control occurs, or, (y) in the event the Company is the surviving entity in the Change in Control, the greater of (A) the amount determined under the first sentence of this paragraph and determined as of the date the benefit is a payable (e.g., as of March 31 of the appropriate year or the date of a Participant’s Covered Termination, as applicable) or (B) the amount determined under the first sentence of this paragraph and determined as of the date on which the Change in Control occurs.

“MercadoLibre Business” means any activities directly or indirectly related to Online Transactional Platforms, Online Classified Advertisements and/or Payment Platforms.

“Minimum Eligibility Conditions” means the minimum conditions established by the Award Committee and approved by the Board that a Participant must meet in order to be eligible to receive payments under any Award hereunder.

“Online Classified Advertisements” means listings of goods, products or services on Internet sites, which listings (1) serve the same purpose as the listings appearing in the classifieds section of printed newspapers, (2) include direct contact information of the seller via telephone, e-mail or any offline method, which contact information is readily and continuously available to any visitor without restriction or special action required from the visitor, or provide for a method to contact the seller so that the seller may then respond providing direct contact information, and (3) are on Internet sites the operator or administrator of which does not (x) play any role in consummating the transaction to which the listing relates, or (y) provide any information (other than contact information) to the seller regarding the potential buyer or interested party, or otherwise serve as middle-man between a potential buyer and seller (other than for the limited purposes expressly set forth in this paragraph), or (z) charge any fee or commission for such transaction (including, without limitation, any fees for completion of transactions and/or fees based on number of users contacting another user) other than a listing fee, which is a fee for placing the listing on the website and is chargeable before or at the time such listing appears. Examples of Online Classifieds Advertisements include Craigslist.com, Kijiji.com, and olx.com.

“Online Transactional Platforms” means online transactional platforms or similar as determined by the Award Committee including, but not limited to, (a) any online platform offering a wide variety of product lines and/or services, operating in a manner similar to Amazon.com or Submarino.com as of the date hereof and/or (b) online transactional marketplaces located on websites in which sellers and potential buyers transact for any kinds of goods and/or services, which goods and/or services are displayed on such website, and in which the sellers’ and potential buyers’ initial contact can only be made through such website (for purposes of initial contact, direct contact information of another user is not made available to users, in accordance with

the terms of use of such website), such as eBay.com, MercadoLibre.com, DeRemate.com, etc. (and any such domain name with country suffixes).

“Participant” means an Eligible Employee who is designated as eligible to receive an Award for services provided in 2018. The designation of an individual as a Participant under this Plan shall not provide the individual with any rights to any future participation for any subsequent long term retention plans that may be adopted by the Company in future years but, subject to the terms of the Plan, an individual shall remain a Participant for purposes of receiving a payment of an Award until such individual ceases to be an Eligible Employee.

“Payments Platforms” means websites or platforms enabling the sending, receipt, holding and/or transfer of money from one user to another user through an account that is funded by, among other things, traditional payment methods and then used to transact with another user electronically, such as PayPal.com, MercadoPago.com, or Dineromail.com (and any such domain name with country suffixes).

“Performance Goals” means any goals, metrics or other performance measures of the Company in 2018 that is established for a Participant, the attainment of which will result in an Award becoming payable to the Participant, subject to the terms of the Plan. It is currently anticipated that Performance Goals generally will be based on pre-set goals for financial and operational performance of the Company.

“Person” means and includes a natural person, a corporation, an association, a partnership, a limited liability company, a trust, a joint venture, an unincorporated organization or any other similar entity or a governmental or quasi-governmental body.

“Shares” means shares of common stock of the Company, $0.001 par value per share.

“Territory” means the United States of America and each country and territory in Latin America and the Caribbean, including, without limitation, Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Uruguay, and Venezuela.

“Variable Award” means a specified cash award, calculated in accordance with Article 5, payable to a Participant under this Plan for services provided to the Company in 2018, as determined by the Award Committee from time to time in its sole discretion. Variable award payments hereunder shall be contingent on the attainment of one or more Performance Goals. The timing and conditions of the payment of the Variable Award are subject to the terms and conditions of the Plan and any other terms and conditions determined by the Award Committee to be appropriate in accordance with Article 7 of the Plan. The Variable Award may, but is not required to, be evidenced by a separate agreement executed by the Participant.

Article 3. Participation; Performance Goals and Award Opportunities

The amount of the Awards for each Plan Participant and the Performance Goals applicable to such Awards will be established by the Award Committee and communicated to each Plan Participant. The amount of each Award may be different for each Participant or levels of Participants as determined by the Award Committee.

The amount of each Award shall be enumerated as a specified amount, calculated in accordance with Article 5 hereof, of United States dollars, unless the Award Committee determines the amount of any such Award in a local currency. The amount of each Award, to the extent it becomes payable, shall be paid in the form of cash only.

Article 4. Review of Participant’s Performance

Performance Goals will generally be set and determined for the 2018 calendar year by the Award Committee. The Award Committee, with input from the Company officer responsible for each Participant, will evaluate such Participant’s performance relative to the Performance Goals.

Article 5. Payment of Awards

(a) If a Participant does not satisfy the Minimum Eligibility Conditions, then any Award granted to such Participant and subject to such Minimum Eligibility Conditions shall be forfeited, and shall not become payable to such Participant under this Plan. If the Participant meets the Minimum Eligibility Conditions, then any Award granted to such Participant and subject to such Minimum Eligibility Conditions shall become payable to the Participant in accordance with and subject to the terms of this Article 5 and Article 6.

Subject to the following paragraphs and Article 6, only if the Participant is employed as an Eligible Employee on the date each portion of the Fixed and the Variable Awards, as applicable, are to be paid to such Participant, any such Awards shall be payable as follows:

If a Participant has been granted a Fixed Award:

(1) Sixteen and two-thirds percent (16.66%) of such Fixed Award shall be payable to the Participant on or about March 31 of each calendar year for a period of six (6) years starting in 2019; and

If a Participant has been granted a Variable Award:

(2) the Participant shall receive on or about March 31 of each calendar year for a period of six (6) years starting in 2019, a Variable Award payment equal in value to the product of (i) multiplied by (ii), where (i) equals sixteen and two-thirds percent (16.66%) of the Variable Award and (ii) equals the quotient of (a) divided by (b), where (a), the numerator, equals the Market Value as of the applicable payment date and (b), the denominator, equals $270.84 (the average closing price of the Company’s common stock on the NASDAQ Global Market during the final sixty (60) trading days of 2017).

(b) Notwithstanding anything in the Plan or any other agreement entered into in connection with or pursuant to the Plan:

(1) Each Participant who is employed by the Company on the date a Change in Control occurs shall be vested in the right to receive fifty percent (50%) of the Award payments scheduled to be paid thereafter.

(3) Each Award payment scheduled to be paid after the Change in Control shall be reduced by fifty percent (50%), i.e., to reflect the single cash payment under clause (2) of this paragraph, and shall continue to be paid on each March 31 in accordance with the preceding paragraph, subject to the Participant’s continued employment; provided, however, that if a Participant described in clause (1) of this paragraph experiences a Covered Termination on or after Change in Control, then any Award payments scheduled to be paid after the Covered Termination shall be paid in a single cash payment (based on the Market Value on the date of the Covered Termination) within fifteen (15) days after the Covered Termination.

(1)The portion of any Award under this Plan that was forfeited or forfeitable upon the Participant’s Covered Termination before a Change in Control shall be reinstated (or if not yet forfeited, retained) as of the date of the Change in Control if such date is not more than one hundred and twenty (120) days after the date of the Covered Termination.

(2) As soon as practicable after the date a Change in Control occurs, but in no event more than fifteen (15) days after the date a Change in Control occurs, each Participant described in clause (1) of this paragraph shall receive a single cash payment equal to one hundred percent (100%) of the Award payments scheduled to be paid after the date of the Participant’s Covered Termination. With respect to any Award payment originally scheduled to have been paid before the date of the Change in Control, the amount of such payment will be based on the Market Value on the date of the Covered Termination. With respect to any Award payments scheduled to be paid on or after the Change in Control, the amount of such payment will be based on the Market Value on the date the Change in Control occurs.

(d) Notwithstanding anything in the Plan or any other agreement entered into in connection with or pursuant to the Plan:

(1) If any portion of an Award received or to be received by a Participant (either alone or together with other payments or benefits which such Participant received or realized or is then entitled to receive or realize from the Company under any other plan, program, arrangement or agreement in connection with a Change in Control or a Participant’s termination of employment) (all such payments and benefits, being hereinafter referred to as the “Total Payments”) would be subject (in whole or part), to any excise tax imposed under section 4999 of the Internal Revenue Code of 1986 (the “Code”, and such excise tax, the “Excise Tax”), then, after taking into account any reduction in the Total Payments provided by reason of section 280G of the Code in any other plan, program, arrangement or agreement, the Company will reduce the payment of the Award to the extent necessary so that no portion of the Total Payments is subject to the Excise Tax (but in no event to less than zero); provided, however, that the Award will only be reduced if (i) the net amount of any Total Payments, as so reduced (and after subtracting the net amount of United States federal, state, municipal and local income taxes on such reduced Total Payments and after taking into account the phase out, if any, of itemized deductions and personal exemptions attributable to such reduced Total Payments), is greater than or equal to (ii) the net amount of such Total Payments without such reduction (but after subtracting the net amount of federal, state, municipal and local income taxes on such Total Payments and the amount of Excise Tax to which the Participant would be subject in respect of such unreduced Total Payments and after taking into account the phase out, if any, of itemized deductions and personal exemptions attributable to such unreduced Total Payments).

(2) If (A) any portion of the Total Payments other than an Award (the “Other Payments”) is required to be reduced pursuant to a provision substantially similar to this Article 5.5(d), (B) any portion of an Award is required to be reduced pursuant to this Article 5.5(d); and (C) there is no other provision in any other plan, program, arrangement or agreement governing the payment of the Other Payments which dictates the order of the reduction in the Other Payments, then the Total Payments will be reduced in the following order: (i) payments that are payable in cash that are valued at full value under Treasury Regulation Section 1.280G-1, Q&A 24(a) will be reduced (if necessary, to zero), with amounts that are payable last reduced first; (ii) payments and benefits due in respect of any equity valued at full value under Treasury Regulation Section 1.280G-1, Q&A 24(a), with the highest values reduced first (as such values are determined under Treasury Regulation Section 1.280G-1, Q&A 24) will next be reduced; (iii) payments that are payable in cash that are valued at less than full value under Treasury Regulation Section 1.280G-1, Q&A 24, with amounts that are payable last reduced first, will next be reduced; (iv) payments and benefits due in respect of any equity valued at less than full value under Treasury Regulation Section 1.280G-1, Q&A 24, with the highest values reduced first (as such values are determined under Treasury Regulation Section 1.280G-1, Q&A 24) will next be reduced; and (v) all other non-cash benefits not otherwise described in clauses (ii) or (iv) will be next reduced pro-rata. Any reductions made pursuant to each of clauses (i)-(v) above will be made in the following manner: first, a pro-rata reduction of cash payment and payments and benefits due in respect of any equity not subject to section 409A of the Code, and second, a pro-rata reduction of cash payments and payments and benefits due in respect of any equity subject to section 409A of the Code as deferred compensation.

(3) For purposes of determining whether and the extent to which the Award will be subject to the Excise Tax and the amount of such Excise Tax: (i) no portion of the Award the receipt or enjoyment of which the Participant shall have waived at such time and in such manner as not to constitute a “payment” within the meaning of section 280G(b) of the Code will be taken into account; and (ii) no portion of the Award will be taken into account which, in the opinion of the accounting firm which was, immediately prior to the Change in Control, the Company’s independent auditor, does not constitute a “parachute payment” within the meaning of section 280G(b)(2) of the Code (including by reason of section 280G(b)(4)(A) of the Code) and, in calculating the Excise Tax, no portion of such Award will be taken into account which constitutes reasonable compensation for services actually rendered, within the meaning of section

280G(b)(4)(B) of the Code, in excess of the Base Amount (as defined in section 280G(b)(3) of the Code) allocable to such reasonable compensation.

(4)The fact that the Participant’s right to payments or benefits may be reduced by reason of the limitations contained in this Article 5.5 will not of itself limit or otherwise affect any other rights of the Participant under the Plan. The Participant and the Company shall each reasonably cooperate with the other in connection with any administrative or judicial proceedings concerning the existence or amount of liability for Excise Tax with respect to the Award.

Article 6. Termination of Employment; Forfeitures

(a) Except as provided in Article 5 with respect to a Covered Termination within one hundred and twenty (120) days before a Change in Control or a Covered Termination on or after a Change in Control, participation in the Plan shall cease immediately upon a Participant’s retirement, resignation or termination of employment as an Eligible Employee for any reason (with or without Cause), or if determined by the Award Committee, upon the Participant’s death or disability. Disability will be determined under the Company’s long term disability plan, if any, or upon receipt of a letter of determination or similar of the Participant’s complete disability by the applicable governmental authority under local applicable law, which complete disability entitles the Participant to disability payments under local law.

(b) In the event that:

(1) while the Participant is employed by the Company, he or she engages in, directly or indirectly, any other business or activity that could materially or adversely affect the Company’s business or his or her ability to perform his or her duties for the Company, including, but not limited to, any activities adversely affecting the MercadoLibre Business anywhere in the Territory;

(2) while the Participant is employed by the Company or during the one-year period following the termination of the Participant’s employment for any reason, he or she directly or indirectly, on his or her own behalf or on behalf of another Person or entity, hires or solicits for hire any employees of the Company or its Affiliates or in any manner attempts to influence or induce any employee of the Company or its Affiliates to leave their employment; or

(3) while the Participant is employed by the Company or during the one-year period following the termination of the Participant’s employment for any reason, he or she alone (or in association with any other Person) directly or indirectly, in any capacity, owns, operates, manages, controls, engages in, invests in, becomes employed by, acts as a consultant or advisor to, or provides services for, or otherwise assists any other Person in activities that are competitive with the MercadoLibre Business anywhere in the Territory,

he or she will automatically forfeit any and all benefits received under the Plan and any and all benefits which the Participant may otherwise be entitled to receive under the Plan. If the Participant terminates employment with the Company for any reason (with or without Cause) and he or she alone (or in association with any other Person) takes any of the action set forth in subparagraph (1), (2) or (3) above, the Participant will be required to immediately, and in no event more than five (5) days following the termination of the Participant’s employment, return all amounts which the Participant has received under the terms of the Plan (the “Recovery Amount”), and the Participant and the Company hereby agree to the following, notwithstanding any Plan provision to the contrary:

(i) that the Company may withhold all or a portion of the Recovery Amount from any salary, wages or other amounts due to the Participant from the Company; and

(ii) in addition to the Recovery Amount, the Company may also recover any fees incurred by the Company in seeking to collect the Recovery Amount, including, but not limited to, the Company’s reasonable attorneys’ fees.

Notwithstanding the foregoing, ownership of less than five percent (5%) of the outstanding capital stock of any Person whose securities are registered under the Securities Exchange Act of 1934, as amended, in and of itself shall not be cause for automatic forfeiture under Article 6(b)(3), whether or not the subject Person is competitive with the Company.

(c) Except as provided in Article 5 with respect to a Covered Termination within one hundred and twenty (120) days before a Change in Control or a Covered Termination on or after a Change in Control, the portion of any Award under this Plan that has not been actually paid to the Participant prior to the date of such resignation or other termination of employment shall be forfeited, except that the Award Committee, in its discretion, may pay all or part of the amount that remains payable under an Award upon the disability or death of the Participant in accordance with such rules or procedures established by the Award Committee provided, however, that any amount of the Award payment that the Award Committee determines to pay shall be paid no later than March 15 of the year following the year that the Participant’s employment ends on account of disability or death. Notwithstanding any provision of the Plan to the contrary, any Award paid to the Participant shall be subject to recovery by the Company in the event that the Participant is terminated for Cause and shall, to the extent permitted by law, be subject to recovery from any amounts owed by the Company to the Participant, including, but not limited to, offsetting any amounts owed under the Plan to the Company against any amounts otherwise owed to the Participant by the Company.

(d) If the Award Committee decides to pay all or part of an Award after the death of a Participant in accordance with this Article 6, the Participant may designate in writing one or more persons (“beneficiary”) to receive any unpaid portion of the Participant’s Award upon the death of the Participant. By similar action, the Participant may designate a change of beneficiary at any time, which change shall be effective only upon receipt by the Award Committee of said notice. The last such designation form filed with the Award Committee prior to the Participant’s death shall control. The Award Committee may establish a form or other requirements for such designation. If the Participant designates his spouse as a beneficiary, the divorce of Participant shall automatically revoke that designation of his spouse as beneficiary except to the extent otherwise provided in a subsequent beneficiary designation filed by the Participant with the Award Committee. In the absence of a written designation, or in the event the Participant dies without a beneficiary surviving him, any amount which would otherwise be payable on account of his death shall be paid to the surviving spouse of the Participant or if none, to the Participant’s estate. A beneficiary of a Participant shall have no interest or rights hereunder during the lifetime of the Participant.

Article 7. Administrative Provisions

(a) The Plan was approved by the Board on June 28, 2018 to be effective as of January 1, 2018 for all services provided by Participants in 2018.

(b) Unless the Board provides otherwise, the Plan shall be administered and interpreted by the Award Committee, which has been provided absolute authority hereunder to administer the Plan, subject to the limitation on the authority of the Chief Executive Officer set forth in the definition of Award Committee above. The Board and its members, the members of the Award Committee and any other individual who may, from time to time, have been delegated responsibility with respect to the administration of this Plan (collectively, “Authorized Persons”), shall have the full authority, discretion and power necessary or desirable to administer and interpret this Plan, in accordance with the Plan terms. Benefits under the Plan shall be payable only if the Authorized Persons in their respective sole and absolute discretion determine that any such benefits are properly payable under the Plan. Without in any way limiting the foregoing, all Authorized Persons shall have complete authority, sole discretion and power to: (i) determine the Participants; (ii) determine the Performance Goals applicable to each Participant, as well as the relative weighting of each such Performance Goals to determine eligibility for payment of an Award hereunder; (iii) evaluate and determine the performance of Participants; (iv) determine the amount of the Award for each Participant; (v) interpret the provisions of this Plan and any other documentation used in connection with this Plan, including documentation specifying individual Participant Performance Goals, Award opportunities and the like and to waive any Minimum Eligibility Conditions; (vi) establish and interpret rules, regulations and procedures (written or by practice) for the administration of the Plan; and (vii) make all other determinations and take all other actions necessary or desirable for the administration or interpretation of this Plan. The express grant in the Plan of any specific power to Authorized Persons shall not be construed as limiting any power or authority of such Authorized Person. All actions, decisions and interpretations of the Authorized Persons shall be final, conclusive and binding on all parties. All expenses of administering the Plan shall be borne by the Company.

(c) Nothing in this Plan shall be deemed by implication, action or otherwise to constitute a contract of employment or otherwise to impose any limitation on any right of the Company to terminate a Participant’s employment at any time for any or no reason.

(d) A Participant shall have no right to anticipate, alienate, sell, transfer, assign, pledge or encumber any right to receive any Award made under the Plan, nor will any Participant have any lien on any assets of the Company by reason of any Award made under the Plan.

(e) The Company shall have the right to deduct or withhold, or require a Participant to remit to the Company, any taxes required by law to be withheld from Awards made under this Plan.

(f) The Plan may be amended, suspended or terminated at any time and from time to time, by action of the Board or the Award Committee, but in any event, the Plan will be terminated no later than upon the last date the Company pays all Participants any and all amounts that may due under the Plan and no amounts remain due and payable under the Plan to any person as determined by Award Committee. The preceding sentence to the contrary notwithstanding, on and after a Change in Control, no amendment, suspension or termination of the Plan that adversely affects the rights of a Participant (or the beneficiary of a deceased Participant who has not received payment of an amount approved by the Award Committee under Article 6), shall be effective without the written consent of that Participant or beneficiary.

(g) The adoption of the Plan does not imply any commitment to continue to maintain the Plan, or any modified version of the Plan, or any other plan for incentive compensation for such Participant for any period of time. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee any right to continue in the employ of the Company or in any way affect any right and power of the Company to terminate the employment of any employee at any time without assigning a reason therefor.

(h) This Plan, insofar as it provides for Awards, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by Awards under the Plan. Any liability of the Company to any person with respect to any Awards under this Plan shall be based solely upon any contractual obligations which may be created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.

(i) In order to be effective, any amendment of this Plan or any Award must be in writing and made by the Award Committee. No oral statement, representation, written presentation or the like shall have the effect of amending or modifying this Plan or any Award, or otherwise have any binding effect on the Company, the Board, the Chief Executive, the Award Committee or any individual who has been delegated authority to administer this Plan.

(j) The Plan shall be construed in accordance with and governed by the substantive laws of the State of Delaware, without regard to principles of conflicts of law.

(k) In case any provision of the Plan shall be held illegal or void, such illegality or invalidity shall not affect the remaining provisions of this Plan, but shall be fully severable, and the Plan shall be construed and enforced as if said illegal or invalid provisions had never been inserted herein.

(l) Except for their own gross negligence or gross misconduct regarding the performance of the duties specifically assigned to them under, or their willful breach of the terms of this Plan, the Company (and its affiliates), Board and its members, the Award Committee and its members, and any other entity or individual administering any aspect of this Plan shall be held harmless by the Participants and their respective representatives, heirs, successors, and assigns, against liability or losses occurring by reason of any act or omission under the Plan.

(m) Should the Company effect one or more stock dividends, stock splits, subdivisions or consolidations of Shares or other similar changes in capitalization, then the terms of outstanding Awards shall be adjusted as the Award Committee shall determine to be equitably required. Any determination made under this Article 7(m) by the Award Committee shall be final and conclusive. The issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for labor or services, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of the Company convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect to, Awards.

Executed on the 28th day of June, 2018 to be effective as of the 1st day of January, 2018, as amended on March 30, 2019.

MercadoLibre, Inc.

By:

EX-10.2 3 meli-20190331xex10_2.htm EX-10.2 Exhibit 102

MERCADOLIBRE, INC. 2019 LONG TERM RETENTION PROGRAM

Effective as of January 1, 2019

Contents

MercadoLibre, Inc. 2019 Long Term Retention Program


Article 1.	Purpose	2
Article 2.	Definitions	2
Article 3.	Participation and Award Opportunities	5
Article 4.	Payment of Awards	5
Article 5.	Termination of Employment; Forfeitures	7
Article 6.	Administrative Provisions	9

MERCADOLIBRE, INC. 2019 LONG TERM RETENTION PROGRAM

Article 1.Purpose

The MercadoLibre, Inc. 2019 Long Term Retention Program (the “Plan”) is effective as of January 1, 2019. The principal purpose of the Plan is to assist the Company in the retention of key employees that have valuable industry experience and developed competencies by rewarding Participants in relation to their individual results and their contributions to the organization, as well as overall Company goals and performance.

Article 2.Definitions

When used in the Plan, the following terms shall have the meanings set forth below:

“Award” means a cash bonus to be paid to a Participant, subject to the terms and conditions of this Plan, for services provided to the Company.

“Award Committee” means (i) with respect to all Eligible Employees, the Compensation Committee of the Board, or such other committee that the Board appoints to administer this Plan, which shall have general administrative authority concerning the Plan, and (ii) with respect to Eligible Employees who are not executive officers of the Company, the Company’s Chief Executive Officer, each of which shall, subject to Article 6, have the authority and discretion to resolve any and all terms and conditions of any Awards and disputes concerning the Plan and any Awards hereunder.

“Board” means the board of directors of the Company.

“Change in Control” shall mean a change in control of the Company which will be deemed to have occurred after the date hereof if:

(a)any “person” as such term is used in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof, is or becomes the beneficial owner, as such term is defined in Rule 13d-3 under the Exchange Act, directly or indirectly, of securities of the Company representing at least fifty percent (50%) of the combined voting power or Shares of the Company; provided, however, that such term shall not include (A) the Company or any of its subsidiaries, (B) any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its affiliates, (C) an underwriter temporarily holding securities pursuant to an offering of such securities, (D) any corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as

their ownership of the Company’s Shares, or (E) any person or group as used in Rule 13d-1(b) under the Exchange Act;

(b)there is consummated a merger or consolidation of the Company or any of its direct or indirect subsidiaries with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or any parent thereof) more than fifty percent (50%) of the combined voting power and Shares of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation; or

(c)there is completed a sale or disposition by the Company of all or substantially all of the Company’s assets (or any transaction having a similar effect, including a liquidation) other than a sale or disposition by the Company of all or substantially all of the Company’s assets to an entity, more than fifty percent (50%) of the combined voting power and Shares of which is owned by shareholders of the Company in substantially the same proportions as their ownership of the Shares of the Company immediately prior to such sale.

“Company” means MercadoLibre, Inc. and its consolidated subsidiaries, and MercadoLibre, Inc.’s successors or assigns.

“Covered Termination” means (i) a termination of a Participant’s employment by the Company without Cause and for a reason other than the Participant’s death or disability (as determined under Article 5(a)) or (ii) a Participant’s resignation from the Company with Good Reason).

“Eligible Employee” means an individual who is designated by the Award Committee as eligible for this Plan and who is employed by the Company as determined by the Award Committee.

For purposes of calculating the benefits and valuing Shares for the single cash payment payable within fifteen (15) days after a Change in Control, the term “Market Value” means the amount determined under the preceding sentence determined as of the date on which the Change in Control occurs. For purposes of calculating benefits and valuing Shares for other payments payable after a Change of Control, the term “Market Value” means, (x) in the event the Company is not the surviving entity in the Change in Control, the amount determined under the first sentence of this paragraph and determined as of the date on which the Change in Control occurs, or, (y) in the event the Company is the surviving entity in the Change in Control, the greater of (A) the amount determined under the first sentence of this paragraph and determined as of the date the benefit is a payable (e.g., as of March 31 of the appropriate year or the date of a Participant’s Covered Termination, as applicable) or (B) the amount determined under the first sentence of this paragraph and determined as of the date on which the Change in Control occurs.

“MercadoLibre Business” means any activities directly or indirectly related to Online Transactional Platforms, Online Classified Advertisements and/or Payment Platforms.

“Participant” means an Eligible Employee who is designated as eligible to receive an Award for services provided in 2019. The designation of an individual as a Participant under this Plan shall not provide the individual with any rights to any future participation for any subsequent long term retention plans that may be adopted by the Company in future years but, subject to the terms of the Plan, an individual shall remain a Participant for purposes of receiving a payment of an Award until such individual ceases to be an Eligible Employee.

“Shares” means shares of common stock of the Company, $0.001 par value per share.

Article 3.Participation and Award Opportunities

The amount of the Award for each Plan Participant will be established by the Award Committee and communicated to each Plan Participant. The amount of each Award may be different for each Participant or levels of Participants as determined by the Award Committee.

The amount of each Award shall be enumerated as a specified amount, calculated in accordance with Article 4 hereof, of United States dollars, unless the Award Committee determines the amount of any such Award in a local currency. The amount of each Award, to the extent it becomes payable, shall be paid in the form of cash only.

Article 4.Payment of Awards

(a) Conditions and Payment.

(1)Any Award granted to a Participant shall be payable to the Participant in accordance with and subject to the terms of this Article 4 and Article 5.

(2) The timing and conditions of the payment of such Award are subject to the terms and conditions of the Plan and, subject to Article 6 of the Plan, any other terms and conditions determined by the Award Committee to be appropriate. Subject to the following paragraphs and Article 5, Participant must be employed as an Eligible Employee on the date each portion Award is to be paid to such Participant. An Award may, but is not required to, be evidenced by a separate agreement executed by the Participant.

(3) Each Participant’s Award shall be payable as follows:

(i)Sixteen and two-thirds percent (16.66%) of half of Participant’s Award shall be payable to the Participant on or about March 31 of each calendar year for a period of six (6) years starting in 2020; and

(ii)the Participant shall receive on or about March 31 of each calendar year for a period of six (6) years starting in 2020, a payment equal in value to the product of (i) multiplied by (ii), where (i) equals sixteen and two-thirds percent (16.66%) of half of Participant’s Award and (ii) equals the quotient of (a) divided by (b), where (a), the numerator, equals the Market Value as of the applicable payment date and (b), the denominator, equals $322.91 (the average closing price of the Company’s common stock on the NASDAQ Global Market during the final sixty (60) trading days of 2018).

(b) Notwithstanding anything in the Plan or any other agreement entered into in connection with or pursuant to the Plan:

(1)Each Participant who is employed by the Company on the date a Change in Control occurs shall be vested in the right to receive fifty percent (50%) of the Award payments scheduled to be paid thereafter.

(3)Each Award payment scheduled to be paid after the Change in Control shall be reduced by fifty percent (50%), i.e., to reflect the single cash payment under clause (2) of this paragraph, and shall continue to be paid on each March 31 in accordance with the preceding paragraph, subject to the Participant’s continued employment; provided, however, that if a Participant described in clause (1) of this paragraph experiences a Covered Termination on or after Change in Control, then any Award payments scheduled to be paid after the Covered Termination shall be paid in a single cash payment (based on the Market Value on the date of the Covered Termination) within fifteen (15) days after the Covered Termination.

(2)As soon as practicable after the date a Change in Control occurs, but in no event more than fifteen (15) days after the date a Change in Control occurs, each Participant described in clause (1) of this paragraph shall receive a single cash payment equal to one hundred percent (100%) of the Award payments scheduled to be paid after the date of the Participant’s Covered Termination. With respect to any Award payment originally scheduled to have been paid before the date of the Change in Control, the amount of such payment will be based on the Market Value on the date of the Covered Termination. With respect to any Award payments scheduled to be paid on or after the Change in Control, the amount of such payment will be based on the Market Value on the date the Change in Control occurs.

(d) Notwithstanding anything in the Plan or any other agreement entered into in connection with or pursuant to the Plan:

(2) If (A) any portion of the Total Payments other than an Award (the “Other Payments”) is required to be reduced pursuant to a provision substantially similar to this Article 4(d), (B) any portion of an Award is required to be reduced pursuant to this Article 4(d); and (C) there is no other provision in any other plan, program, arrangement or agreement governing the payment of the Other Payments which dictates the order of the reduction in the Other Payments, then the Total Payments will be reduced in the following order: (i) payments that are payable in cash that are valued at full value under Treasury Regulation Section 1.280G-1, Q&A 24(a) will be reduced (if necessary, to zero), with amounts that are payable last reduced first; (ii) payments and benefits due in respect of any equity valued at full value under Treasury Regulation Section 1.280G-1, Q&A 24(a), with the highest values reduced first (as such

values are determined under Treasury Regulation Section 1.280G-1, Q&A 24) will next be reduced; (iii) payments that are payable in cash that are valued at less than full value under Treasury Regulation Section 1.280G-1, Q&A 24, with amounts that are payable last reduced first, will next be reduced; (iv) payments and benefits due in respect of any equity valued at less than full value under Treasury Regulation Section 1.280G-1, Q&A 24, with the highest values reduced first (as such values are determined under Treasury Regulation Section 1.280G-1, Q&A 24) will next be reduced; and (v) all other non-cash benefits not otherwise described in clauses (ii) or (iv) will be next reduced pro-rata. Any reductions made pursuant to each of clauses (i)-(v) above will be made in the following manner: first, a pro-rata reduction of cash payment and payments and benefits due in respect of any equity not subject to section 409A of the Code, and second, a pro-rata reduction of cash payments and payments and benefits due in respect of any equity subject to section 409A of the Code as deferred compensation.

(4)The fact that the Participant’s right to payments or benefits may be reduced by reason of the limitations contained in this Article 4(d)(4) will not of itself limit or otherwise affect any other rights of the Participant under the Plan. The Participant and the Company shall each reasonably cooperate with the other in connection with any administrative or judicial proceedings concerning the existence or amount of liability for Excise Tax with respect to the Award.

Article 5.Termination of Employment; Forfeitures

(a)Except as provided in Article 4 with respect to a Covered Termination within one hundred and twenty (120) days before a Change in Control or a Covered Termination on or after a Change in Control, participation in the Plan shall cease immediately upon a Participant’s retirement, resignation or termination of employment as an Eligible Employee for any reason (with or without Cause), or if determined by the Award Committee, upon the Participant’s death or disability. Disability will be determined under the Company’s long term disability plan, if any, or upon receipt of a letter of determination or similar of the Participant’s complete disability by the applicable governmental authority under local applicable law, which complete disability entitles the Participant to disability payments under local law.

(b)In the event that:

(1)while the Participant is employed by the Company, he or she engages in, directly or indirectly, any other business or activity that could materially or adversely affect the Company’s business or his or her ability to perform his or her duties for the Company, including, but not limited to, any activities adversely affecting the MercadoLibre Business anywhere in the Territory;

(2)while the Participant is employed by the Company or during the one-year period following the termination of the Participant’s employment for any reason, he or she directly or indirectly, on his or her own behalf or on behalf of another Person or entity, hires or solicits for hire any employees of the Company or its Affiliates or in any manner attempts to influence or induce any employee of the Company or its Affiliates to leave their employment; or

(3)while the Participant is employed by the Company or during the one-year period following the termination of the Participant’s employment for any reason, he or she alone (or in association with any other Person) directly or indirectly, in any capacity, owns, operates, manages, controls, engages in, invests in, becomes employed by, acts as a consultant or advisor to, or provides services for, or otherwise assists any other Person in activities that are competitive with the MercadoLibre Business anywhere in the Territory,

(i)that the Company may withhold all or a portion of the Recovery Amount from any salary, wages or other amounts due to the Participant from the Company; and

(ii)in addition to the Recovery Amount, the Company may also recover any fees incurred by the Company in seeking to collect the Recovery Amount, including, but not limited to, the Company’s reasonable attorneys’ fees.

Notwithstanding the foregoing, ownership of less than five percent (5%) of the outstanding capital stock of any Person whose securities are registered under the Securities Exchange Act of 1934, as amended, in and of itself shall not be cause for automatic forfeiture under Article 5(b)(3), whether or not the subject Person is competitive with the Company.

(c)Except as provided in Article 4 with respect to a Covered Termination within one hundred and twenty (120) days before a Change in Control or a Covered Termination on or after a Change in Control, the portion of any Award under this Plan that has not been actually paid to the Participant prior to the date of such resignation or other termination of employment shall be forfeited, except that the Award Committee, in its discretion, may pay all or part of the amount that remains payable under an Award upon the disability or death of the Participant in accordance with such rules or procedures established by the Award Committee provided, however, that any amount of the Award payment that the Award Committee determines to pay shall be paid no later than March 15 of the year following the year that the Participant’s employment ends on account of disability or death. Notwithstanding any provision of the Plan to the contrary, any Award paid to the Participant shall be subject to recovery by the Company in the event that the Participant is terminated for Cause and shall, to the extent permitted by law, be subject to recovery from any amounts owed by the Company to the Participant, including, but not limited to, offsetting any amounts owed under the Plan to the Company against any amounts otherwise owed to the Participant by the Company.

(d)If the Award Committee decides to pay all or part of an Award after the death of a Participant in accordance with this Article 5, the Participant may designate in writing one or more persons (“beneficiary”) to receive any unpaid portion of the Participant’s Award upon the death of the Participant. By similar action, the Participant may designate a change of beneficiary at any time, which change shall be effective only upon receipt by the Award Committee of said notice. The last such designation form filed with the Award Committee prior to the Participant’s death shall control. The Award Committee may establish a form or other requirements for such designation. If the Participant designates his spouse as a beneficiary, the divorce of Participant shall automatically revoke that designation of his spouse as beneficiary except to the extent otherwise provided in a subsequent beneficiary designation filed by the Participant with the Award Committee. In the absence of a written designation, or in the event the Participant dies without a beneficiary surviving him, any amount which would otherwise be payable on account of his death shall be paid to the surviving spouse of the Participant or if none, to the Participant’s estate. A beneficiary of a Participant shall have no interest or rights hereunder during the lifetime of the Participant.

Article 6.Administrative Provisions

(a)The Plan was approved by the Board on March 29, 2019 to be effective as of January 1, 2019 for all services provided by Participants in 2019.

(b)Unless the Board provides otherwise, the Plan shall be administered and interpreted by the Award Committee, which has been provided absolute authority hereunder to administer the Plan, subject to the limitation on the authority of the Chief Executive Officer set forth in the definition of Award Committee above. The Board and its members, the members of the Award Committee and any other individual who may, from time to time, have been delegated responsibility with respect to the administration of this Plan (collectively, “Authorized Persons”), shall have the full authority, discretion and power necessary or desirable to administer and interpret this Plan, in accordance with the Plan terms. Benefits under the Plan shall be payable only if the Authorized Persons in their respective sole and absolute discretion determine that any such benefits are properly payable under the Plan. Without in any way limiting the foregoing, all Authorized Persons shall have complete authority, sole discretion and power to: (i) determine the Participants; (ii) determine the amount of the Award for each Participant; (iii) interpret the provisions of this Plan and any other documentation used in connection with this Plan, including documentation specifying individual Awards and the like; (iv) establish and interpret rules, regulations and procedures (written or by practice) for the administration of the Plan; and (v) make all other determinations and take all other actions necessary or desirable for the administration or interpretation of this Plan. The express grant in the Plan of any specific power to Authorized Persons shall not be construed as limiting any power or authority of such Authorized Person. All actions, decisions and interpretations of the Authorized Persons shall be final, conclusive and binding on all parties. All expenses of administering the Plan shall be borne by the Company.

(c)Nothing in this Plan shall be deemed by implication, action or otherwise to constitute a contract of employment or otherwise to impose any limitation on any right of the Company to terminate a Participant’s employment at any time for any or no reason.

(d)A Participant shall have no right to anticipate, alienate, sell, transfer, assign, pledge or encumber any right to receive any Award made under the Plan, nor will any Participant have any lien on any assets of the Company by reason of any Award made under the Plan.

(e)The Company shall have the right to deduct or withhold, or require a Participant to remit to the Company, any taxes required by law to be withheld from Awards made under this Plan.

(f)The Plan may be amended, suspended or terminated at any time and from time to time, by action of the Board or the Award Committee, but in any event, the Plan will be terminated no later than upon the last date the Company pays all Participants any and all amounts that may due under the Plan and no amounts remain due and payable under the Plan to any person as determined by Award Committee. The preceding sentence to the contrary notwithstanding, on and after a Change in Control, no amendment, suspension or termination of the Plan that adversely affects the rights of a Participant (or the beneficiary of a deceased Participant who has not received payment of an amount approved by the Award Committee under Article 5), shall be effective without the written consent of that Participant or beneficiary.

(g)The adoption of the Plan does not imply any commitment to continue to maintain the Plan, or any modified version of the Plan, or any other plan for incentive compensation for such Participant for any period of time. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee any right to continue in the employ of the Company or in any way affect any right and power of the Company to terminate the employment of any employee at any time without assigning a reason therefor.

(h)This Plan, insofar as it provides for Awards, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by Awards under the Plan. Any liability of the Company to any person with respect to any Awards under this Plan shall be based solely upon any contractual obligations which may be created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.

(i)In order to be effective, any amendment of this Plan or any Award must be in writing and made by the Award Committee. No oral statement, representation, written presentation or the like shall have the effect of amending or modifying this Plan or any Award, or otherwise have any binding effect on the Company, the Board, the Chief Executive, the Award Committee or any individual who has been delegated authority to administer this Plan.

(j)The Plan shall be construed in accordance with and governed by the substantive laws of the State of Delaware, without regard to principles of conflicts of law.

(k)In case any provision of the Plan shall be held illegal or void, such illegality or invalidity shall not affect the remaining provisions of this Plan, but shall be fully severable, and the Plan shall be construed and enforced as if said illegal or invalid provisions had never been inserted herein.

(l)Except for their own gross negligence or gross misconduct regarding the performance of the duties specifically assigned to them under, or their willful breach of the terms of this Plan, the Company (and its affiliates), Board and its members, the Award Committee and its members, and any other entity or individual administering any aspect of this Plan shall be held harmless by the Participants and their respective representatives, heirs, successors, and assigns, against liability or losses occurring by reason of any act or omission under the Plan.

(m)Should the Company effect one or more stock dividends, stock splits, subdivisions or consolidations of Shares or other similar changes in capitalization, then the terms of outstanding Awards shall be adjusted as the Award Committee shall determine to be equitably required. Any determination made under this Article 6(m) by the Award Committee shall be final and conclusive. The issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for labor or services, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of the Company convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect to, Awards.

Executed on the 29th day of March, 2019 to be effective as of the 1st day of January, 2019.

MercadoLibre, Inc.

By:

EX-31.1 4 meli-20190331xex31_1.htm EX-31.1 Exhibit 311

Exhibit 31.1

CERTIFICATION PURSUANT TO

RULE 13A-14 OF THE SECURITIES EXCHANGE ACT OF 1934,

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Marcos Galperin, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of MercadoLibre, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s Board of Directors (or persons performing the equivalent function):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

EX-31.2 5 meli-20190331xex31_2.htm EX-31.2 Exhibit 312

Exhibit 31.2

CERTIFICATION PURSUANT TO

RULE 13A-14 OF THE SECURITIES EXCHANGE ACT OF 1934,

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Pedro Arnt, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of MercadoLibre, Inc. (the “registrant”);

(a)

(b)

(c)

(d)

(a)

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

EX-32.1 6 meli-20190331xex32_1.htm EX-32.1 Exhibit 321

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of MercadoLibre, Inc. (the “Company”) for the period ended March 31, 2019 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Marcos Galperin, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)

the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2)

the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Marcos Galperin

Marcos Galperin

President and Chief Executive Officer

(Principal Executive Officer)

May 3, 2019

The foregoing certification is being furnished solely to accompany this report pursuant to 18 U.S.C. 1350, and is not being filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company whether made before or after the date hereof, regardless of any general incorporation language in such filing. A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2 7 meli-20190331xex32_2.htm EX-32.2 Exhibit 322

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of MercadoLibre, Inc. (the “Company”) for the period ended March 31, 2019 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Pedro Arnt, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)

the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2)

the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Pedro Arnt

Pedro Arnt

Executive Vice President and Chief Financial Officer

(Principal Financial Officer)

May 3, 2019

EX-101.INS 8 meli-20190331.xml EX-101.INS 0001099590 meli:DragoneerInvestmentGroupMember us-gaap:SeriesAPreferredStockMember 2019-03-29 0001099590 meli:DragoneerInvestmentGroupMember us-gaap:SeriesAPreferredStockMember 2019-03-29 2019-03-29 0001099590 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0001099590 us-gaap:RetainedEarningsMember 2019-03-31 0001099590 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001099590 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001099590 us-gaap:RetainedEarningsMember 2018-12-31 0001099590 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001099590 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001099590 us-gaap:RetainedEarningsMember 2018-03-31 0001099590 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0001099590 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0001099590 us-gaap:RetainedEarningsMember 2017-12-31 0001099590 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001099590 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001099590 us-gaap:CommonStockMember 2019-03-31 0001099590 us-gaap:CommonStockMember 2018-12-31 0001099590 us-gaap:CommonStockMember 2018-03-31 0001099590 us-gaap:CommonStockMember 2017-12-31 0001099590 meli:MarketplaceMember 2019-01-01 2019-03-31 0001099590 meli:MarketplaceMember 2018-01-01 2018-03-31 0001099590 meli:TwoThousandNineteenConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-11-01 2018-11-30 0001099590 meli:TwoThousandNineteenConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-08-01 2018-08-31 0001099590 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001099590 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0001099590 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-03-31 0001099590 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-03-31 0001099590 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001099590 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0001099590 meli:UnsecuredLineOfCreditMember meli:CitibankN.a.Member meli:UruguayanSubsidiaryMember 2019-01-01 2019-03-31 0001099590 meli:UnsecuredLineOfCreditMember meli:CitibankN.a.Member meli:ArgentineanSubsidiariesMember 2019-01-01 2019-03-31 0001099590 meli:LineOfCreditTwoMember meli:CitibankN.a.Member meli:ArgentineanSubsidiariesMember 2019-01-01 2019-03-31 0001099590 meli:LineOfCreditOneMember meli:CitibankN.a.Member meli:UruguayanSubsidiaryMember 2019-01-01 2019-03-31 0001099590 meli:LineOfCreditOneMember meli:CitibankN.a.Member meli:ArgentineanSubsidiariesMember 2019-01-01 2019-03-31 0001099590 meli:UnsecuredLineOfCreditMember meli:BancoDeChileMember 2019-01-01 2019-03-31 0001099590 meli:ScotiabankChileMember 2019-01-01 2019-03-31 0001099590 meli:UnsecuredLineOfCreditMember meli:CitibankN.a.Member meli:UruguayanSubsidiaryMember 2019-03-31 0001099590 meli:UnsecuredLineOfCreditMember meli:CitibankN.a.Member meli:ArgentineanSubsidiariesMember 2019-03-31 0001099590 meli:LineOfCreditTwoMember meli:CitibankN.a.Member meli:ArgentineanSubsidiariesMember 2019-03-31 0001099590 meli:LineOfCreditOneMember meli:CitibankN.a.Member meli:UruguayanSubsidiaryMember 2019-03-31 0001099590 meli:LineOfCreditOneMember meli:CitibankN.a.Member meli:ArgentineanSubsidiariesMember 2019-03-31 0001099590 meli:UnsecuredLineOfCreditMember meli:BancoDeChileMember 2019-03-31 0001099590 meli:LineOfCreditTwoMember meli:ScotiabankChileMember 2019-03-31 0001099590 meli:LineOfCreditTwoMember meli:BancoDeChileMember 2019-03-31 0001099590 meli:LineOfCreditOneMember meli:ScotiabankChileMember 2019-03-31 0001099590 meli:LineOfCreditOneMember meli:BancoDeChileMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel2Member us-gaap:OtherLiabilitiesMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel2Member us-gaap:LoansPayableMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel2Member us-gaap:AccountsPayableMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel2Member meli:PayablesMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel2Member meli:OperatingLeaseLiabilitiesMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel2Member meli:IncomeTaxesPayableMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel2Member meli:EmployeeBenefitObligationsMember 2019-03-31 0001099590 us-gaap:OtherLiabilitiesMember 2019-03-31 0001099590 us-gaap:LoansPayableMember 2019-03-31 0001099590 us-gaap:AccountsPayableMember 2019-03-31 0001099590 meli:PayablesMember 2019-03-31 0001099590 meli:OperatingLeaseLiabilitiesMember 2019-03-31 0001099590 meli:IncomeTaxesPayableMember 2019-03-31 0001099590 meli:EmployeeBenefitObligationsMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel2Member us-gaap:OtherLiabilitiesMember 2018-12-31 0001099590 us-gaap:FairValueInputsLevel2Member us-gaap:LoansPayableMember 2018-12-31 0001099590 us-gaap:FairValueInputsLevel2Member us-gaap:AccountsPayableMember 2018-12-31 0001099590 us-gaap:FairValueInputsLevel2Member meli:PayablesMember 2018-12-31 0001099590 us-gaap:FairValueInputsLevel2Member meli:IncomeTaxesPayableMember 2018-12-31 0001099590 us-gaap:FairValueInputsLevel2Member meli:EmployeeBenefitObligationsMember 2018-12-31 0001099590 us-gaap:OtherLiabilitiesMember 2018-12-31 0001099590 us-gaap:LoansPayableMember 2018-12-31 0001099590 us-gaap:AccountsPayableMember 2018-12-31 0001099590 meli:PayablesMember 2018-12-31 0001099590 meli:IncomeTaxesPayableMember 2018-12-31 0001099590 meli:EmployeeBenefitObligationsMember 2018-12-31 0001099590 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:SovereignDebtSecuritiesMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember meli:CentralBankOfBrazilMandatoryGuaranteeMember 2019-03-31 0001099590 us-gaap:FairValueMeasurementsRecurringMember us-gaap:SovereignDebtSecuritiesMember 2019-03-31 0001099590 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-03-31 0001099590 us-gaap:FairValueMeasurementsRecurringMember meli:CentralBankOfBrazilMandatoryGuaranteeMember 2019-03-31 0001099590 us-gaap:AuctionRateSecuritiesMember meli:DirectInvestmentMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001099590 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:SovereignDebtSecuritiesMember 2018-12-31 0001099590 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001099590 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember meli:CentralBankOfBrazilMandatoryGuaranteeMember 2018-12-31 0001099590 us-gaap:FairValueMeasurementsRecurringMember us-gaap:SovereignDebtSecuritiesMember 2018-12-31 0001099590 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001099590 us-gaap:FairValueMeasurementsRecurringMember meli:CentralBankOfBrazilMandatoryGuaranteeMember 2018-12-31 0001099590 us-gaap:AuctionRateSecuritiesMember meli:DirectInvestmentMember 2018-12-31 0001099590 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-03-31 0001099590 meli:ForeignCountriesMember 2019-03-31 0001099590 country:US 2019-03-31 0001099590 meli:ForeignCountriesMember 2018-12-31 0001099590 country:US 2018-12-31 0001099590 us-gaap:TrademarksMember 2019-03-31 0001099590 us-gaap:TrademarksMember 2018-12-31 0001099590 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001099590 country:AR 2019-01-01 2019-03-31 0001099590 meli:OtherCountriesMember 2019-01-01 2019-03-31 0001099590 country:MX 2019-01-01 2019-03-31 0001099590 country:CO 2019-01-01 2019-03-31 0001099590 country:CL 2019-01-01 2019-03-31 0001099590 country:BR 2019-01-01 2019-03-31 0001099590 meli:OtherCountriesMember 2018-01-01 2018-12-31 0001099590 country:MX 2018-01-01 2018-12-31 0001099590 country:CO 2018-01-01 2018-12-31 0001099590 country:CL 2018-01-01 2018-12-31 0001099590 country:BR 2018-01-01 2018-12-31 0001099590 country:AR 2018-01-01 2018-12-31 0001099590 2018-01-01 2018-12-31 0001099590 meli:OtherCountriesMember 2019-03-31 0001099590 country:MX 2019-03-31 0001099590 country:CO 2019-03-31 0001099590 country:CL 2019-03-31 0001099590 meli:OtherCountriesMember 2018-12-31 0001099590 country:MX 2018-12-31 0001099590 country:CO 2018-12-31 0001099590 country:CL 2018-12-31 0001099590 country:BR 2018-12-31 0001099590 country:AR 2018-12-31 0001099590 meli:OtherCountriesMember 2017-12-31 0001099590 country:MX 2017-12-31 0001099590 country:CO 2017-12-31 0001099590 country:CL 2017-12-31 0001099590 country:BR 2017-12-31 0001099590 country:AR 2017-12-31 0001099590 us-gaap:TrademarksMember 2019-03-31 0001099590 us-gaap:NoncompeteAgreementsMember 2019-03-31 0001099590 us-gaap:LicensingAgreementsMember 2019-03-31 0001099590 us-gaap:CustomerListsMember 2019-03-31 0001099590 us-gaap:TrademarksMember 2018-12-31 0001099590 us-gaap:NoncompeteAgreementsMember 2018-12-31 0001099590 us-gaap:LicensingAgreementsMember 2018-12-31 0001099590 us-gaap:CustomerListsMember 2018-12-31 0001099590 meli:PropertyAndEquipmentAccumulatedDepreciationMember 2019-01-01 2019-03-31 0001099590 meli:PropertyAndEquipmentNetMember 2019-03-31 0001099590 meli:PropertyAndEquipmentAtCostMember 2019-03-31 0001099590 meli:LoansPayableAndOtherFinancialLiabilitiesMember 2019-03-31 0001099590 meli:U.s.TreasuryNotesMember us-gaap:ShortTermInvestmentsMember 2019-01-01 2019-03-31 0001099590 meli:LongTermRetentionPlanTwoZeroOneTwoMember 2019-01-01 2019-03-31 0001099590 meli:LongTermRetentionPlanTwoZeroOneThreeMember 2019-01-01 2019-03-31 0001099590 meli:LongTermRetentionPlanTwoZeroOneOneMember 2019-01-01 2019-03-31 0001099590 meli:LongTermRetentionPlanTwoZeroOneFourMember 2019-01-01 2019-03-31 0001099590 meli:LongTermRetentionPlan2019Member 2019-01-01 2019-03-31 0001099590 meli:LongTermRetentionPlan2018Member 2019-01-01 2019-03-31 0001099590 meli:LongTermRetentionPlan2017Member 2019-01-01 2019-03-31 0001099590 meli:LongTermRetentionPlan2016Member 2019-01-01 2019-03-31 0001099590 meli:LongTermRetentionPlan2015Member 2019-01-01 2019-03-31 0001099590 meli:LongTermRetentionPlanTwoZeroOneZeroMember 2018-01-01 2018-03-31 0001099590 meli:LongTermRetentionPlanTwoZeroOneTwoMember 2018-01-01 2018-03-31 0001099590 meli:LongTermRetentionPlanTwoZeroOneThreeMember 2018-01-01 2018-03-31 0001099590 meli:LongTermRetentionPlanTwoZeroOneOneMember 2018-01-01 2018-03-31 0001099590 meli:LongTermRetentionPlanTwoZeroOneFourMember 2018-01-01 2018-03-31 0001099590 meli:LongTermRetentionPlan2017Member 2018-01-01 2018-03-31 0001099590 meli:LongTermRetentionPlan2016Member 2018-01-01 2018-03-31 0001099590 meli:LongTermRetentionPlan2015Member 2018-01-01 2018-03-31 0001099590 meli:CollateralizedDebtDueOctober2019Member 2019-01-01 2019-03-31 0001099590 srt:MinimumMember meli:CollateralizedDebtDueOctober2019Member 2019-03-31 0001099590 srt:MinimumMember meli:CollateralizedDebtDueJuly2019Member 2019-03-31 0001099590 srt:MaximumMember meli:CollateralizedDebtDueOctober2019Member 2019-03-31 0001099590 srt:MaximumMember meli:CollateralizedDebtDueJuly2019Member 2019-03-31 0001099590 meli:FulfillmentCenterFinanceLeasesTwoMember 2019-03-31 0001099590 meli:FulfillmentCenterFinanceLeasesThreeMember 2019-03-31 0001099590 meli:FulfillmentCenterFinanceLeasesOneMember 2019-03-31 0001099590 meli:TwoThousandTwentyEightConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-11-30 0001099590 meli:TwoThousandNineteenConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-03-31 0001099590 meli:TwoThousandNineteenConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2017-09-30 0001099590 meli:TwoThousandTwentyEightConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-08-31 0001099590 meli:AdditionalIssuance2028ConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-08-31 0001099590 meli:InitialIssuance2028ConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-08-24 0001099590 meli:TwoThousandTwentyEightConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-08-24 0001099590 meli:TwoThousandNineteenConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2014-06-30 0001099590 meli:CollateralizedDebtDueOctober2019Member meli:BadlarRateMember 2019-01-01 2019-03-31 0001099590 meli:CollateralizedDebtDueJuly2019Member meli:BadlarRateMember 2019-01-01 2019-03-31 0001099590 country:BR meli:CollateralizedDebtDueJune2021Member 2019-01-01 2019-03-31 0001099590 meli:CollateralizedDebtDueMay2021Member 2019-01-01 2019-03-31 0001099590 meli:TwoThousandNineteenConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2016-10-01 2019-03-31 0001099590 meli:TwoThousandNineteenConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-08-24 2018-08-24 0001099590 country:BR meli:CollateralizedDebtDueJune2021Member 2019-03-31 0001099590 meli:CollateralizedDebtDueOctober2019Member 2019-03-31 0001099590 meli:CollateralizedDebtDueMay2021Member 2019-03-31 0001099590 meli:CollateralizedDebtDueJuly2019Member 2019-03-31 0001099590 country:BR 2019-03-31 0001099590 country:AR 2019-03-31 0001099590 2018-03-31 0001099590 2017-12-31 0001099590 us-gaap:MoneyMarketFundsMember us-gaap:CashAndCashEquivalentsMember 2019-03-31 0001099590 us-gaap:MoneyMarketFundsMember meli:RestrictedCashAndCashEquivalentsMember 2019-03-31 0001099590 us-gaap:CorporateDebtSecuritiesMember us-gaap:ShortTermInvestmentsMember 2019-03-31 0001099590 us-gaap:CashAndCashEquivalentsMember 2019-03-31 0001099590 meli:RestrictedCashAndCashEquivalentsMember 2019-03-31 0001099590 us-gaap:MoneyMarketFundsMember us-gaap:CashAndCashEquivalentsMember 2018-12-31 0001099590 us-gaap:MoneyMarketFundsMember meli:RestrictedCashAndCashEquivalentsMember 2018-12-31 0001099590 us-gaap:CorporateDebtSecuritiesMember us-gaap:ShortTermInvestmentsMember 2018-12-31 0001099590 us-gaap:CashAndCashEquivalentsMember 2018-12-31 0001099590 meli:RestrictedCashAndCashEquivalentsMember 2018-12-31 0001099590 us-gaap:CorporateDebtSecuritiesMember us-gaap:OtherLongTermInvestmentsMember 2018-12-31 0001099590 us-gaap:CorporateDebtSecuritiesMember us-gaap:OtherLongTermInvestmentsMember 2019-03-31 0001099590 us-gaap:SovereignDebtSecuritiesMember us-gaap:ShortTermInvestmentsMember 2018-12-31 0001099590 us-gaap:SovereignDebtSecuritiesMember us-gaap:OtherLongTermInvestmentsMember 2018-12-31 0001099590 us-gaap:ShortTermInvestmentsMember 2018-12-31 0001099590 us-gaap:OtherLongTermInvestmentsMember 2018-12-31 0001099590 us-gaap:OtherAssetsMember us-gaap:FairValueInputsLevel2Member 2019-03-31 0001099590 us-gaap:LoansReceivableMember us-gaap:FairValueInputsLevel2Member 2019-03-31 0001099590 us-gaap:CreditCardReceivablesMember us-gaap:FairValueInputsLevel2Member 2019-03-31 0001099590 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel2Member 2019-03-31 0001099590 us-gaap:AccountsReceivableMember us-gaap:FairValueInputsLevel2Member 2019-03-31 0001099590 us-gaap:OtherAssetsMember 2019-03-31 0001099590 us-gaap:LoansReceivableMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel2Member 2019-03-31 0001099590 us-gaap:CreditCardReceivablesMember 2019-03-31 0001099590 us-gaap:BankTimeDepositsMember 2019-03-31 0001099590 us-gaap:AccountsReceivableMember 2019-03-31 0001099590 us-gaap:OtherAssetsMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001099590 us-gaap:LoansReceivableMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001099590 us-gaap:CreditCardReceivablesMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001099590 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001099590 us-gaap:AccountsReceivableMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001099590 us-gaap:OtherAssetsMember 2018-12-31 0001099590 us-gaap:LoansReceivableMember 2018-12-31 0001099590 us-gaap:FairValueInputsLevel2Member 2018-12-31 0001099590 us-gaap:CreditCardReceivablesMember 2018-12-31 0001099590 us-gaap:BankTimeDepositsMember 2018-12-31 0001099590 us-gaap:AccountsReceivableMember 2018-12-31 0001099590 us-gaap:AccumulatedTranslationAdjustmentMember 2019-03-31 0001099590 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-03-31 0001099590 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0001099590 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0001099590 meli:TrustCreatedInBrazilMember 2019-03-31 0001099590 meli:TrustCreatedInBrazilMember 2018-12-31 0001099590 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001099590 meli:TwoThousandNineteenConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-01-01 2018-12-31 0001099590 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-03-31 0001099590 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001099590 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001099590 meli:BuyerProtectionProgramMember 2019-03-31 0001099590 meli:BuyerProtectionProgramMember 2018-12-31 0001099590 us-gaap:SeriesAPreferredStockMember 2019-03-29 0001099590 meli:CentralBankOfBrazilMandatoryGuaranteeMember us-gaap:ShortTermInvestmentsMember 2018-12-31 0001099590 meli:NonmarketplaceMember 2019-01-01 2019-03-31 0001099590 meli:NonmarketplaceMember 2018-01-01 2018-03-31 0001099590 meli:CitibankN.a.Member meli:ArgentineanSubsidiariesMember 2019-01-01 2019-03-31 0001099590 meli:BancoDeChileMember 2019-01-01 2019-03-31 0001099590 meli:ScotiabankChileMember 2018-10-01 2018-12-31 0001099590 meli:FulfillmentCenterFinanceLeasesMember 2019-01-01 2019-03-31 0001099590 meli:NewSoftwareDevelopmentLawMember 2019-01-01 2019-03-31 0001099590 meli:NewSoftwareDevelopmentLawMember 2018-01-01 2018-03-31 0001099590 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001099590 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001099590 us-gaap:OperatingSegmentsMember meli:OtherCountriesSegmentMember 2019-01-01 2019-03-31 0001099590 us-gaap:OperatingSegmentsMember meli:MexicoSegmentMember 2019-01-01 2019-03-31 0001099590 us-gaap:OperatingSegmentsMember meli:BrazilSegmentMember 2019-01-01 2019-03-31 0001099590 us-gaap:OperatingSegmentsMember meli:ArgentinaSegmentMember 2019-01-01 2019-03-31 0001099590 us-gaap:OperatingSegmentsMember meli:OtherCountriesSegmentMember 2018-01-01 2018-03-31 0001099590 us-gaap:OperatingSegmentsMember meli:MexicoSegmentMember 2018-01-01 2018-03-31 0001099590 us-gaap:OperatingSegmentsMember meli:BrazilSegmentMember 2018-01-01 2018-03-31 0001099590 us-gaap:OperatingSegmentsMember meli:ArgentinaSegmentMember 2018-01-01 2018-03-31 0001099590 meli:TwoThousandTwentyEightConvertibleSeniorNotesMember us-gaap:FairValueInputsLevel2Member 2019-03-31 0001099590 meli:TwoThousandTwentyEightConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-08-24 2018-08-24 0001099590 meli:TwoThousandNineteenConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2014-06-30 2014-06-30 0001099590 meli:TwoThousandTwentyEightConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-12-31 0001099590 meli:TwoThousandNineteenConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-12-31 0001099590 meli:TwoThousandTwentyEightConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2019-01-01 2019-03-31 0001099590 meli:TwoThousandNineteenConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2019-01-01 2019-03-31 0001099590 meli:TwoThousandNineteenConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2018-01-01 2018-03-31 0001099590 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0001099590 us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0001099590 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001099590 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001099590 us-gaap:CommonStockMember 2019-03-15 0001099590 meli:PaypayInc.Member us-gaap:CommonStockMember 2019-03-15 2019-03-15 0001099590 us-gaap:CommonStockMember 2019-03-15 2019-03-15 0001099590 meli:TwoThousandTwentyEightConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2019-03-31 0001099590 meli:TwoThousandNineteenConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2019-03-31 0001099590 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0001099590 us-gaap:SovereignDebtSecuritiesMember us-gaap:ShortTermInvestmentsMember 2019-03-31 0001099590 us-gaap:SovereignDebtSecuritiesMember us-gaap:OtherLongTermInvestmentsMember 2019-03-31 0001099590 meli:CentralBankOfBrazilMandatoryGuaranteeMember us-gaap:ShortTermInvestmentsMember 2019-03-31 0001099590 us-gaap:ShortTermInvestmentsMember 2019-03-31 0001099590 us-gaap:OtherLongTermInvestmentsMember 2019-03-31 0001099590 2018-12-31 0001099590 2019-03-31 0001099590 2018-01-01 2018-03-31 0001099590 2019-05-01 0001099590 2019-01-01 2019-03-31 xbrli:pure meli:item iso4217:USD xbrli:shares iso4217:USD xbrli:shares false --12-31 Q1 2019 2019-03-31 10-Q 0001099590 49318513 false Large Accelerated Filer MERCADOLIBRE INC false MELI 4447000 8699000 <div> <div style="margin-left:0pt;margin-right:0pt;"> Accumulated other comprehensive loss The following table sets forth the Company’s accumulated other comprehensive loss as of March 31, 2019 and December 31, 2018: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:61.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:61.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> December 31, </td> </tr> <tr> <td valign="bottom" style="width:61.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> 2018 </td> </tr> <tr> <td valign="bottom" style="width:61.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:61.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Accumulated other comprehensive loss: </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:61.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Foreign currency translation </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                             (394,600) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                   (394,306) </td> </tr> <tr> <td valign="bottom" style="width:61.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Unrealized gains on investments </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">2,025  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">3,345  </td> </tr> <tr> <td valign="bottom" style="width:61.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Estimated tax loss on unrealized gains on investments </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(13) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(616) </td> </tr> <tr> <td valign="bottom" style="width:61.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.64%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                             (392,588) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                   (391,577) </td> </tr> </table></div> The following tables summarize the changes in accumulated balances of other comprehensive loss for the three-month period ended March 31, 2019: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:32.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:32.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:32.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Unrealized </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Foreign </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Estimated tax </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:32.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> (Losses) Gains on </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Currency </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> (expense) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:32.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Investments </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Translation </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> benefit </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Total </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:32.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td colspan="8" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:32.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Balances as of December 31, 2018 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                  3,345 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                   (394,306) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                  (616) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                (391,577) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:32.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other comprehensive  income (loss) before reclassifications </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">2,025  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(294) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(13) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,718  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:32.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Amount of loss (gain) reclassified from accumulated other comprehensive loss </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(3,345) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">616  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(2,729) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:32.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Net current period other comprehensive income (loss) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(1,320) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(294) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">603  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(1,011) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:32.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Ending balance </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                  2,025 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                   (394,600) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                    (13) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                (392,588) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:51.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:51.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:51.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Amount of (Loss) Gain </td> <td valign="bottom" style="width:00.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:51.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Reclassified from </td> <td valign="bottom" style="width:00.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:51.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Details about Accumulated </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Accumulated Other </td> <td valign="bottom" style="width:00.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:51.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Other Comprehensive Loss </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Comprehensive </td> <td valign="bottom" style="width:00.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Affected Line Item </td> </tr> <tr> <td valign="bottom" style="width:51.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Components </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Loss </td> <td valign="bottom" style="width:00.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> in the Statement of Income </td> </tr> <tr> <td valign="bottom" style="width:51.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> (In thousands) </td> <td valign="bottom" style="width:00.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:51.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Unrealized gains on investments </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                  3,345 </td> <td valign="bottom" style="width:00.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Interest income and other financial gains </td> </tr> <tr> <td valign="bottom" style="width:51.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Estimated tax gain on unrealized losses on investments </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(616) </td> <td valign="bottom" style="width:00.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Income tax loss </td> </tr> <tr> <td valign="bottom" style="width:51.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total reclassifications for the period </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                  2,729 </td> <td valign="bottom" style="width:00.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total, net of income taxes </td> </tr> </table></div>   </div> </div> 12561000 23411000 26783000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> One year or less </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,559,645  </td> </tr> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> One year to two years </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">272,020  </td> </tr> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Two years to three years </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">133  </td> </tr> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Three years to four years </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">43  </td> </tr> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Four years to five years </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">46  </td> </tr> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                1,831,887 </td> </tr> </table></div> </div> </div> 46000 272020000 43000 133000 3048000 1000 3047000 1720000 1000 1327000 -45692000 -45692000 507.7 507.7 479.71 1150000000 480 436.10 150000 2097000 2097000 2170000 2170000 1856000 373000 4742000 5447000 5867000 373000 10609000 5447000 8360000 7063000 3018000 1000 1000 100 100 64748000 550126000 65738000 552946000 593905000 43106000 44644000 7175000 -9258000 545000 94903000 26284000 77041000 -11024000 2602000 23161000 31827000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> US intangible assets </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                               33 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                               46 </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other countries goodwill and intangible assets </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Argentina </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">8,607  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">9,050  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Brazil </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">31,746  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">32,955  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Mexico </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">36,222  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">35,993  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Chile </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">25,678  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">24,638  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Other countries </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">5,224  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">4,782  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                      107,477 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                      107,418 </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total goodwill and intangible assets </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      107,510 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      107,464 </td> </tr> </table></div> </div> </div> 917796000 917771000 25000 1831887000 1831877000 10000 387000 949000 7299000 3319000 3390000 20613000 63730000 33870000 -35893000 52243000 42609000 36480000 36484000 10734000 15559000 2016000 2396000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="4" valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31, </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="4" valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> LTRP 2010 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">53  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> LTRP 2011 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">55  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">663  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> LTRP 2012 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">559  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,125  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> LTRP 2013 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">193  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,749  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> LTRP 2014 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,220  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">2,084  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> LTRP 2015 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,982  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">2,815  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> LTRP 2016 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">3,038  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">3,908  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> LTRP 2017 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">2,813  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">3,340  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> LTRP 2018 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,455  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> LTRP 2019 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">2,126  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total LTRP </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:18.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">13,441  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:18.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">15,737  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> </div> </div> 42625000 42625000 53422000 53422000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:15.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="7" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 2019, </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="7" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:15.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Basic </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Diluted </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Basic </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Diluted </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Net income (loss) per common share </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                        0.13 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                         0.13 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      (0.29) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      (0.29) </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.88%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Numerator: </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Net income (loss) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                    11,864 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                     11,864 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                  (12,919) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                  (12,919) </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Amortization of redeemable convertible preferred stock </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(5,841) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(5,841) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Net income (loss) corresponding to common stock </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                      6,023 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       6,023 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                  (12,919) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                  (12,919) </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.88%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Denominator: </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Weighted average of common stock outstanding for Basic earnings per share </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">45,980,255  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">44,157,364  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:36.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Adjusted weighted average of common stock outstanding for Diluted earnings per share </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">45,980,255  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">44,157,364  </td> </tr> </table></div> </div> </div> 0 0 3 2 2 2 <div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Year Ending March 31, </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Operating Leases </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Finance Leases </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> One year or less </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">26,507  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,905  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> One year to two years </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">27,364  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,719  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Two years to three years </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">26,469  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,719  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Three years to four years </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">25,383  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,719  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Four years to five years </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">23,826  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,399  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Thereafter </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">112,956  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">359  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total lease payments </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">242,505  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">8,820  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Less imputed interest </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(86,873) </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(2,096) </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">155,632  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">6,724  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> </div> </div> 72525000 84764000 13000 -796000 -2729000 270073000 294120000 144763000 186965000 0.60 0.70 0.80 1.00 5841000 4146000 4670000 -616000 24363000 24363000 9556000 9556000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Balances as of </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Significant other </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Balances as of </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Significant other </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> observable inputs </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> observable inputs </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 2) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 2) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="7" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Assets </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Time Deposits </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                   337,637 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                           337,637 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                         20,056 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                     20,056 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Accounts receivable </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">34,524  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">34,524  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">35,153  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">35,153  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Credit Cards receivable </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">308,468  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">308,468  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">360,298  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">360,298  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Loans receivable, net </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">134,640  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">134,640  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">95,778  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">95,778  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other assets </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">105,622  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">105,622  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">102,753  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">102,753  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Assets </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                   920,891 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           920,891 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                       614,038 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                   614,038 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Liabilities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Accounts payable and accrued expenses </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                   246,767 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           246,767 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                       266,759 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                   266,759 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Funds payable to customers </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">680,746  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">680,746  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">640,954  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">640,954  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Salaries and social security payable </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">54,528  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">54,528  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">40,942  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">40,942  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Taxes payable </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">34,414  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">34,414  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">31,058  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">31,058  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating lease liabilities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">155,632  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">155,632  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Loans payable and other financial liabilities (*) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">743,223  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">784,182  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">735,177  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">735,177  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Other liabilities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">67,506  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">67,506  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">51,509  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">51,509  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total Liabilities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                1,982,816 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        2,023,775 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                    1,766,399 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                1,766,399 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> (*) The fair value of the 2019 Notes and the 2028 Notes (including the equity component) are disclosed in Note 9. </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Assets </td> <td valign="middle" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (in thousands) </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (in thousands) </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Current assets: </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Restricted cash and cash equivalents </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">10,375  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">24,363  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Loans receivable, net </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">70,757  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">51,471  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total current assets </td> <td valign="bottom" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">81,132  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">75,834  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total assets </td> <td valign="bottom" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">81,132  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">75,834  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Liabilities </td> <td valign="middle" style="width:02.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Current liabilities: </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Accounts payable and accrued expenses </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">103  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">113  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Loans payable and other financial liabilities </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">8,089  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">7,539  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total current liabilities </td> <td valign="middle" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">8,192  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">7,652  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Non-current liabilities: </td> <td valign="middle" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Loans payable and other financial liabilities </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">46,180  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">46,441  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total non-current liabilities </td> <td valign="bottom" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">46,180  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">46,441  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total liabilities </td> <td valign="bottom" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">54,372  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">54,093  </td> </tr> <tr> <td valign="bottom" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.38%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.46%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> 11. Securitization Transactions The process of securitization consists of the issuance of securities collateralized by a pool of assets through a special purpose entity, often under a VIE. The Company securitizes financial assets associated with its loan receivables portfolio. The Company’s securitization transactions typically involve the legal transfer of financial assets to bankruptcy remote special purpose entities (“SPEs”) or the acquisition of loans receivable portfolios through SPEs. The Company generally retains economic interests in the collateralized securitization transactions, which are retained in the form of subordinated interests. For accounting purposes, the Company is precluded from recording the transfers of assets in securitization transactions as sales or is required to consolidate the SPE. The Company securitizes certain loan receivables through Brazilian and Argentine SPEs, formed to securitize loan receivables provided by the Company to its users or purchased from financial institutions that grant loans to the Company’s users through Mercado Pago. According to the SPE contracts, the Company has determined that it has both the power to direct the activities of the entity that most significantly impact the entity’s performance and the obligation to absorb losses or the right to receive benefits of the entity that could be significant because it retains the equity certificates of participation, and would therefore also be consolidated. When the Company controls the vehicle, it accounts the securitization transactions as if they were secured financing and therefore the assets, liabilities, and related results are consolidated in its financial statements.  As of March 31, 2019, the carrying value of the Brazilian collateralized debt was $46,687 thousands, composed of: 1) $15,568 thousands, which bears interest at a rate of Brazilian DI plus 3.5% per annum for a term of 36 months, due in June 2021 and 2) $31,119 thousands, which bears interest at a rate of Brazilian DI plus 3.25% per annum for a term of 30 months, due in May 2021. The carrying value of the Argentine collateralized debt was $7,582 thousands, composed of: 1) $5,593 thousands bearing interest at a variable rate equivalent to the BADLAR rate plus 200 basis points with a minimum 33% and a maximum 48% nominal rate per annum for a term of 8 months, due in October 2019 and 2) $1,989 thousands bearing interest at a variable rate equivalent to the BADLAR rate plus 200 basis points with a minimum 30% and a maximum 45% nominal rate per annum for a term of 12 months, due in July 2019. This secured debt is issued by the SPEs and includes collateralized securities used to fund MercadoCredito business. The third-party investors in the securitization transactions have legal recourse only to the assets securing the debt and do not have recourse to the Company. Additionally, the cash flows generated by the SPEs are restricted to the payment of amounts due to third-party investors, but the Company retains the right to residual cash flows. The assets and liabilities of the SPEs are included in the Company’s interim condensed consolidated financial statements as of March 31, 2019 as follows: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Assets </td> <td valign="middle" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (in thousands) </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (in thousands) </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Current assets: </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Restricted cash and cash equivalents </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">10,375  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">24,363  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Loans receivable, net </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">70,757  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">51,471  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total current assets </td> <td valign="bottom" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">81,132  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">75,834  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total assets </td> <td valign="bottom" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">81,132  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">75,834  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Liabilities </td> <td valign="middle" style="width:02.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Current liabilities: </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Accounts payable and accrued expenses </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">103  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">113  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Loans payable and other financial liabilities </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">8,089  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">7,539  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total current liabilities </td> <td valign="middle" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">8,192  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">7,652  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Non-current liabilities: </td> <td valign="middle" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Loans payable and other financial liabilities </td> <td valign="middle" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:20.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">46,180  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:18.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">46,441  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total non-current liabilities </td> <td valign="bottom" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">46,180  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">46,441  </td> </tr> <tr> <td valign="middle" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total liabilities </td> <td valign="bottom" style="width:02.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:20.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">54,372  </td> <td valign="middle" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:18.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">54,093  </td> </tr> <tr> <td valign="bottom" style="width:52.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.38%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.46%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> </div> </div> 284317000 238029000 652000 400000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Weighted average remaining lease term </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating leases </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">9  </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Years </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Finance leases </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">5  </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Years </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Weighted average discount rate </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating leases </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">10.44  </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Finance leases </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">6.91  </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> March 31, </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> 2019 </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating Leases </td> <td valign="bottom" style="width:03.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating lease right-of-use assets </td> <td valign="bottom" style="width:03.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:15.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">153,499  </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating lease liabilities </td> <td valign="bottom" style="width:03.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:15.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">155,632  </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Finance Leases </td> <td valign="bottom" style="width:03.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Property and equipment, at cost </td> <td valign="bottom" style="width:03.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">9,119  </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Accumulated depreciation </td> <td valign="bottom" style="width:03.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(284) </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Property and equipment, net </td> <td valign="bottom" style="width:03.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:15.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">8,835  </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Loans payable and other financial liabilities </td> <td valign="bottom" style="width:03.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:15.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">6,724  </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Three months ended </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> March 31, 2019 </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Cash paid for amounts included in the measurement of lease liabilities: </td> <td valign="bottom" style="width:02.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating cash flows from operating leases </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">4,124  </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Financing cash flows from finance leases </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">662  </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Right-of-use assets obtained in exchange for lease obligations: </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating leases </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">35,926  </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Finance leases </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">177  </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> </div> </div> 236000 236000 6163000 3000 3000

266759000

113000

246767000

103000

35153000

34524000

3345000

2025000

3345000

-394306000

2025000

-394600000

-394306000

-394600000

-391577000

-392588000

224800000

2097142000

2508000

531000

6317000

399000

88000

121000

1672000

1230000

616000

13000

2239519000

75834000

4448160000

81132000

1511123000

75834000

3520453000

81132000

614038000

35153000

20056000

360298000

614038000

95778000

102753000

35153000

20056000

360298000

95778000

102753000

920891000

34524000

337637000

308468000

920891000

134640000

105622000

34524000

337637000

308468000

134640000

105622000

728396000

927707000

3233000

1431000

1802000

1565000

1431000

237000

1937000

1839000

98000

2000

1837000

98000

3000

1000

914566000

24363000

179252000

271268000

439683000

282752000

244000

21000

24363000

179252000

271024000

156910000

1826903000

9556000

239269000

270403000

1307675000

236309000

197000

57000

9556000

239269000

270206000

1071309000

1559645000

917796000

24363000

179252000

272696000

441485000

284317000

241000

21000

24363000

179252000

272455000

157147000

1831887000

9556000

239269000

272242000

1310820000

238029000

198000

57000

9556000

239269000

272044000

1072734000

<div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="9" valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, 2019 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Cost </td> <td valign="middle" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Gross Unrealized Gains (1) </td> <td valign="middle" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Gross Unrealized Losses (1) </td> <td valign="middle" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Financial Gains </td> <td valign="middle" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Estimated Fair Value </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="9" valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Cash and cash equivalents </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Money Market Funds </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       239,269 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       239,269 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Cash and cash equivalents </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                       239,269 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                       239,269 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Restricted cash and cash equivalents </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Money Market Funds </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                           9,556 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                           9,556 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Restricted cash and cash equivalents </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           9,556 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           9,556 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Short-term investments </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee) (*) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       236,309 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                           1,720 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       238,029 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Sovereign Debt Securities (**) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">1,071,309  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">98  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">1,327  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">1,072,734  </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Corporate Debt Securities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">57  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">57  </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Short-term investments </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                    1,307,675 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                98 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           3,047 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                    1,310,820 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Long-term investments </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sovereign Debt Securities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       270,206 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                           1,837 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                  1 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       272,044 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Corporate Debt Securities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">197  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">2  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">(1) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">198  </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total Long-term investments </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       270,403 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                           1,839 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                (1) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                  1 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       272,242 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                    1,826,903 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           1,937 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                (1) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           3,048 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                    1,831,887 </td> </tr> </table></div> (1) Unrealized gains (losses) from securities are attributable to market price movements, net foreign exchange losses and foreign currency translation. Management does not believe any remaining significant unrealized losses represent other-than-temporary impairments based on the evaluation of available evidence including the credit rating of the investments, as of March 31, 2019 and December 31, 2018. (*) Brazilian government bonds measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 – Investments fair value option) (**) Includes $806,087 thousands of U.S treasury notes measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 – Investments fair value option) <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="7" valign="middle" style="width:70.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, 2018 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Cost </td> <td valign="bottom" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Gross Unrealized Gains (1) </td> <td valign="bottom" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Gross Unrealized Losses (1) </td> <td valign="bottom" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Estimated Fair Value </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="middle" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="7" valign="middle" style="width:70.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Cash and cash equivalents </td> <td valign="middle" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Money Market Funds </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        179,252 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        179,252 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Cash and cash equivalents </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                        179,252 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                        179,252 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Restricted Cash and cash equivalents </td> <td valign="middle" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Money Market Funds </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                          24,363 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                          24,363 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total  Restricted Cash and cash equivalents </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                          24,363 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                          24,363 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="middle" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:16.54%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Short-term investments </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee) </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        282,752 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       1,565 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        284,317 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Sovereign Debt Securities </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">156,910  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">237  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">157,147  </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Corporate Debt Securities </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">21  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">21  </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Short-term investments </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                        439,683 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                       1,802 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                        441,485 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Long-term investments </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sovereign Debt Securities </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        271,024 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       1,431 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        272,455 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Corporate Debt Securities </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">244  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(3) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">241  </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total Long-term investments </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        271,268 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       1,431 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                             (3) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        272,696 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> </td> <td valign="bottom" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        914,566 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       3,233 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                             (3) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        917,796 </td> </tr> </table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"></td><td valign="top" align="left" style="width: 18.00pt;"> (1) </td><td style="width:0pt;"></td><td align="left" valign="top"> Unrealized gains (losses) from securities are attributable to market price movements, net foreign exchange losses and foreign currency translation. Management does not believe any remaining significant unrealized losses represent other-than-temporary impairments based on the evaluation of available evidence including the credit rating of the investments, as of March 31, 2019 and December 31, 2018.</td></tr></table></div> </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;"> Basis of presentation The accompanying unaudited interim condensed consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) and include the accounts of the Company, its wholly-owned subsidiaries and consolidated Variable Interest Entities (“VIE”). These interim condensed consolidated financial statements are stated in U.S. dollars, except where otherwise indicated. Intercompany transactions and balances with subsidiaries have been eliminated for consolidation purposes. Substantially all net revenues, cost of net revenues and operating expenses are generated in the Company’s foreign operations. Long-lived assets, intangible assets and goodwill located in the foreign jurisdictions totaled $294,120 thousands and $270,073 thousands as of March 31, 2019 and December 31, 2018, respectively. These interim condensed consolidated financial statements reflect the Company’s consolidated financial position as of March 31, 2019 and December 31, 2018. These financial statements include the Company’s consolidated statements of income, comprehensive income, equity and of cash flows for the three-month periods ended March 31, 2019 and 2018. These interim condensed consolidated financial statements include all normal recurring adjustments that Management believes are necessary to fairly state the Company’s financial position, operating results and cash flows. Because all of the disclosures required by U.S. GAAP for annual consolidated financial statements are not included herein, these unaudited interim condensed financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto for the year ended December 31, 2018, contained in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”). The condensed consolidated statements of income, comprehensive income, equity and cash flows for the periods presented herein are not necessarily indicative of results expected for any future period. For a more detailed discussion of the Company’s significant accounting policies, see note 2 to the financial statements in the Company’s Form 10-K for the year ended December 31, 2018. During the three-month period ended March 31, 2019, there were no material updates made to the Company’s significant accounting policies, except for the adoption of ASC 842 and the investments fair value option as of January 1, 2019. See Note 2 to these interim condensed consolidated financial statements for more details. </div> </div>

440332000

1295886000

179252000

239269000

<div> <div style="margin-left:0pt;margin-right:0pt;"> Cash and cash equivalents Cash, cash equivalents and restricted cash and cash equivalents of $1,306,261 thousands and $464,695 thousands as reported in the consolidated statements of cash flow as of March 31, 2019 and December 31, 2018, respectively, is the sum of $1,295,886 thousands and $10,375 thousands as of March 31, 2019 and the sum of $440,332 thousands and $24,363 thousands as of December 31, 2018 shown in lines Cash and cash equivalents and Restricted cash and cash equivalents of the consolidated balance sheet. </div> </div>

388260000

350411000

464695000

1306261000

-37849000

841566000

7582000

46687000

1989000

31119000

5593000

15568000

0.001

110000000

45202859

49318498

45202859

49318498

45000

49000

-29312000

10853000

1044298

158218000

236766000

291000

0.079353

0.022553

<div> <div style="margin-left:0pt;margin-right:0pt;"> 9. Convertible Senior Notes 2.00% Convertible Senior Notes Due 2028 On August 24, 2018, the Company issued $800,000 thousands of 2.00% Convertible Senior Notes due 2028 and issued an additional $80,000 thousand of notes on August 31, 2018 pursuant to the partial exercise of the initial purchasers’ option to purchase such additional notes, for an aggregate principal amount of $880,000 thousands of 2.00% Convertible Senior Notes due 2028 (collectively, the “2028 Notes”). The 2028 Notes are unsecured, unsubordinated obligations of the Company, which pay interest in cash semi-annually, on February 15 and August 15 of each year, at a rate of 2.00% per annum. The 2028 Notes will mature on August 15, 2028 unless earlier redeemed, repurchased or converted in accordance with their terms prior to such date. The 2028 Notes may be converted, under specific conditions, based on an initial conversion rate of 2.2553 shares of common stock per $1,000 principal amount of the 2028 Notes (equivalent to an initial conversion price of $443.40 per share of common stock), subject to adjustment as described in the indenture governing the 2028 Notes. For additional information regarding the 2028 Notes please refer to Note 2 and Note 17 to the audited consolidated financial statements for the year ended December 31, 2018, contained in the Company’s Annual Report on Form 10-K filed with the SEC. In connection with the issuance of the 2028 Notes, the Company paid $91,784 thousands and $11,472 thousands (including transaction expenses) in August 2018 and November 2018, respectively, to enter into the 2028 Notes Capped Call Transactions with certain financial institutions. The 2028 Notes Capped Call Transactions are expected generally to reduce the potential dilution upon conversion of the 2028 Notes in the event that the market price of the Company’s common stock is greater than the strike price of the 2028 Notes Capped Call Transactions. The cost of the 2028 Notes Capped Call Transactions is included as a net reduction to additional paid-in capital in the stockholders’ equity section of the consolidated balance sheets. The total estimated fair value of the 2028 Notes was $1,181,391 thousands and $787,266 thousands as of March 31, 2019 and December 31, 2018, respectively. The fair value was determined based on the closing trading price per $100 principal amount of the 2028 Notes as of the last day of trading for the period. The Company considered the fair value of the 2028 Notes as of March 31, 2019 and December 31, 2018 to be a Level 2 measurement. The fair value of the 2028 Notes is primarily affected by the trading price of our common stock and market interest rates. Based on the $507.7 closing price of the Company’s common stock on March 31, 2019, the if-converted value of the 2028 Notes exceeded their principal amount by $127,673 thousands. The following table presents the carrying amounts of the liability and equity components related to the 2028 Notes as of March 31, 2019: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, 2019 </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, 2018 </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:12.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Amount of the equity component (1) </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">327,305  </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">327,305  </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="middle" style="width:04.68%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:13.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:12.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2.00% Convertible Senior Notes due 2028 </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">880,000  </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">880,000  </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Unamortized debt discount (2) </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(319,466) </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(325,783) </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Unamortized transaction costs related to the debt component </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(9,837) </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(9,958) </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Contractual coupon interest accrual </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">10,609  </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">5,867  </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Contractual coupon interest payment </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(8,360) </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Net carrying amount </td> <td valign="middle" style="width:04.68%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">552,946  </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">550,126  </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="middle" style="width:04.68%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:13.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:12.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 18.00pt;"> (1) </td><td style="width:0pt;"></td><td align="left" valign="top"> Net of $6,163 thousands of transaction costs related to the equity component of the 2028 Notes.</td></tr></table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 18.00pt;"> (2) </td><td style="width:0pt;"></td><td align="left" valign="top"> As of March 31, 2019, the remaining period over which the unamortized debt discount will be amortized is 9.5 years.</td></tr></table></div> The following table presents the interest expense for the contractual interest, the accretion of debt discount and the amortization of debt issuance costs: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="middle" style="width:77.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="middle" style="width:05.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:16.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:77.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three month periods ended March 31, </td> </tr> <tr> <td valign="middle" style="width:77.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> </tr> <tr> <td valign="middle" style="width:77.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="middle" style="width:77.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Contractual coupon interest expense </td> <td valign="middle" style="width:05.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="middle" style="width:16.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">4,742  </td> </tr> <tr> <td valign="middle" style="width:77.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortization of debt discount </td> <td valign="middle" style="width:05.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:16.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">6,317  </td> </tr> <tr> <td valign="middle" style="width:77.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Amortization of debt issuance costs </td> <td valign="middle" style="width:05.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:16.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">121  </td> </tr> <tr> <td valign="middle" style="width:77.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total interest expense related to the 2028 Notes </td> <td valign="middle" style="width:05.70%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="middle" style="width:16.64%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">11,180  </td> </tr> <tr> <td valign="middle" style="width:77.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="middle" style="width:05.70%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:16.64%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> 2.25% Convertible Senior Notes Due 2019 On June 30, 2014, the Company issued $330,000 thousands of 2.25% Convertible Senior Notes due 2019 (the “2019 Notes”). The 2019 Notes are unsecured, unsubordinated obligations of the Company, which pay interest in cash semi-annually, on January 1 and July 1, at a rate of 2.25% per annum. The 2019 Notes will mature on July 1, 2019 unless earlier repurchased or converted in accordance with their terms prior to such date. The 2019 Notes may be converted, under specific conditions, based on an initial conversion rate of 7.9353 shares of common stock per $1,000 principal amount of the 2019 Notes (equivalent to an initial conversion price of $126.02 per share of common stock), subject to adjustment as described in the indenture governing the 2019 Notes. For additional information regarding the 2019 Notes please refer to Note 2 and Note 17 to the audited consolidated financial statements for the year ended December 31, 2018, contained in the Company’s Annual Report on Form 10-K filed with the SEC. In connection with the issuance of the 2019 Notes, the Company paid $19,668 thousands, $67,308 thousands and $45,692 thousands (including transaction expenses) in June 2014, September 2017 and March 2018, respectively, to enter into capped call transactions with respect to shares of the common stock (the “2019 Notes Capped Call Transactions” and together with the 2028 Notes Capped Call Transactions, the “Capped Call Transactions”), with certain financial institutions. The 2019 Notes Capped Call Transactions are expected generally to reduce the potential dilution upon conversion of the 2019 Notes in the event that the market price of the common stock is greater than the strike price of the 2019 Notes Capped Call Transactions. The cost of the 2019 Notes Capped Call Transactions is included as a net reduction to additional paid-in capital in the stockholders’ equity section of the consolidated balance sheets. On August 24, 2018, the Company used a portion of the net proceeds from the 2028 Notes to repurchase or exchange and retire $263,724 thousands principal amount of its outstanding 2019 Notes. The consideration paid included $348,123 thousands in cash and 1,044,298 shares of the Company’s common stock. Additionally, the Company entered into agreements with certain financial institutions who were counterparties to the existing 2019 Notes Capped Call Transactions entered into in June 2014 and September 2017 to terminate a portion of those transactions, in each case, in a notional amount corresponding to the amount of 2019 Notes repurchased or exchanged and retired. In connection with the termination of existing 2019 Capped Call Transactions and the related unwinding of the existing hedge position, the Company received from certain financial institutions the amount of $121,703 thousands and $14,405 thousands in August 2018 and November 2018, respectively.   During the period from October 1, 2016 through March 31, 2019, 291 Notes were converted for a total amount of $291 thousands.  Upon conversion, the Company will pay or deliver, as the case may be, cash, shares of the Company’s common stock or a combination of cash and shares of the Company’s common stock, at the Company’s election. The intention of the Company is to share-settle the excess conversion value due upon conversion of the 2019 Notes. From April 1, 2019 to the date of issuance of these interim condensed consolidated financial statements, additional conversion requests for 2 Notes were made.  The total estimated fair value of the 2019 Notes was $264,992 thousands and $150,572 thousands as of March 31, 2019 and December 31, 2018, respectively. The fair value was determined based on the closing trading price per $100 principal amount of the 2019 Notes as of the last day of trading for the period. The Company considered the fair value of the 2019 Notes as of March 31, 2019 and December 31, 2018 to be a Level 2 measurement. The fair value of the 2019 Notes is primarily affected by the trading price of our common stock and market interest rates. Based on the $507.7 closing price of the Company’s common stock on March 31, 2019, the if-converted value of the 2019 Notes exceeded their principal amount by $199,868 thousands. The following table presents the carrying amounts of the liability and equity components related to the 2019 Notes as of March 31, 2019 and December 31, 2018: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, 2019 </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, 2018 </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="5" valign="middle" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Amount of the equity component (1) </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">9,196  </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">9,196  </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="middle" style="width:04.68%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:13.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:12.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 2.25% Convertible Senior Notes due 2019 </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">65,985  </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">65,987  </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Unamortized debt discount (2) </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(532) </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(1,063) </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Unamortized transaction costs related to the debt component </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(88) </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(176) </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Contractual coupon interest accrual </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">373  </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">5,447  </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Contractual coupon interest payment </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(5,447) </td> </tr> <tr> <td valign="middle" style="width:63.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Net carrying amount </td> <td valign="middle" style="width:04.68%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:13.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">65,738  </td> <td valign="middle" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:04.68%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">64,748  </td> </tr> </table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 18.00pt;"> (1) </td><td style="width:0pt;"></td><td align="left" valign="top"> Net of $236 thousands of transaction costs related to the equity component of the 2019 Notes.</td></tr></table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 18.00pt;"> (2) </td><td style="width:0pt;"></td><td align="left" valign="top"> As of March 31, 2019, the remaining period over which the unamortized debt discount will be amortized is 0.25 years.</td></tr></table></div>   The following table presents the interest expense for the contractual interest, the accretion of debt discount and the amortization of debt issuance costs: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="middle" style="width:63.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="middle" style="width:04.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:04.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:63.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three month periods ended March 31, </td> <td valign="middle" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:63.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:01.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:63.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="middle" style="width:04.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:04.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:63.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> <td valign="middle" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="middle" style="width:00.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> <td valign="middle" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:63.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Contractual coupon interest expense </td> <td valign="middle" style="width:04.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="middle" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">373  </td> <td valign="middle" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:04.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="middle" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,856  </td> <td valign="middle" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:63.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortization of debt discount </td> <td valign="middle" style="width:04.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">531  </td> <td valign="middle" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:04.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">2,508  </td> <td valign="middle" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:63.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Amortization of debt issuance costs </td> <td valign="middle" style="width:04.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">88  </td> <td valign="middle" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:04.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">399  </td> <td valign="middle" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:63.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total interest expense related to the 2019 Notes </td> <td valign="middle" style="width:04.64%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="middle" style="width:13.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">992  </td> <td valign="middle" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:04.64%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="middle" style="width:11.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">4,763  </td> <td valign="middle" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

0.0325

0.035

0.02

9196000

327305000

9196000

327305000

126.02

443.40

199868000

127673000

P3M

330000000

800000000

80000000

880000000

65987000

880000000

65985000

880000000

150572000

787266000

264992000

1181391000

19668000

67308000

45692000

91784000

11472000

0.0225

0.02

0.0639

0.099

0.09

0.45

0.48

0.3

0.33

P30M

P8M

P36M

1063000

325783000

532000

319466000

-30601000

-14456000

6116000

5918000

5958000

4316000

3188000

141438000

160846000

91698000

97006000

11084000

15694000

277870000

57295000

176980000

26323000

17272000

378867000

67492000

225343000

65585000

20447000

-0.29

0.13

-0.29

0.13

-772000

-11407000

60406000

76123000

15737000

2815000

3908000

3340000

2084000

663000

1749000

1125000

53000

13441000

1982000

3038000

2813000

1455000

2126000

1220000

55000

193000

559000

263724000

<div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Quoted Prices in </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Quoted Prices in </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Balances as of </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> active markets for </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Significant other </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Unobservable </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Balances as of </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> active markets for </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Significant other </td> <td valign="middle" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Unobservable </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> identical Assets </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> observable inputs </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> inputs </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> identical Assets </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> observable inputs </td> <td valign="middle" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> inputs </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Description </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 1) </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 2) </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 3) </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 1) </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 2) </td> <td valign="middle" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 3) </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="15" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Assets </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Cash and Cash Equivalents: </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Money Market Funds </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           239,269  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                     239,269  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                       —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                   —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      179,252  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                              179,252  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                               —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                            —  </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Restricted Cash and cash equivalents: </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Money Market Funds </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">9,556  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">9,556  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">24,363  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">24,363  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Investments: </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee) </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">238,029  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">238,029  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">284,317  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">284,317  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sovereign Debt Securities </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,344,778  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,344,778  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">429,602  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">429,602  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Corporate Debt Securities </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">255  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">245  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">10  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">262  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">237  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">25  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total Financial Assets </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       1,831,887  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                  1,831,877  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                       10  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                   —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                      917,796  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                              917,771  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                               25  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            —  </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Liabilities: </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Contingent considerations </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                               2,170  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                              —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                       —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                              2,170  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                          2,097  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                       —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                               —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       2,097  </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Long-term retention plan </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">53,422  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">53,422  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">42,625  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">42,625  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total Financial Liabilities </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            55,592  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                              —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                53,422  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                              2,170  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        44,722  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                       —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        42,625  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       2,097  </td> </tr> </table></div> </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;"> 6. Fair value measurement of assets and liabilities The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Quoted Prices in </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Quoted Prices in </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Balances as of </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> active markets for </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Significant other </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Unobservable </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Balances as of </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> active markets for </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Significant other </td> <td valign="middle" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Unobservable </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> identical Assets </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> observable inputs </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> inputs </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> identical Assets </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> observable inputs </td> <td valign="middle" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> inputs </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Description </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 1) </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 2) </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 3) </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 1) </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 2) </td> <td valign="middle" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 3) </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="15" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Assets </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Cash and Cash Equivalents: </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Money Market Funds </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           239,269  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                     239,269  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                       —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                   —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      179,252  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                              179,252  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                               —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                            —  </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Restricted Cash and cash equivalents: </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Money Market Funds </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">9,556  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">9,556  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">24,363  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">24,363  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Investments: </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee) </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">238,029  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">238,029  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">284,317  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">284,317  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sovereign Debt Securities </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,344,778  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,344,778  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">429,602  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">429,602  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Corporate Debt Securities </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">255  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">245  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">10  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">262  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">237  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">25  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total Financial Assets </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       1,831,887  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                  1,831,877  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                       10  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                   —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                      917,796  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                              917,771  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                               25  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            —  </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Liabilities: </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Contingent considerations </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                               2,170  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                              —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                       —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                              2,170  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                          2,097  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                       —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                               —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       2,097  </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Long-term retention plan </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">53,422  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">53,422  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">42,625  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">42,625  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total Financial Liabilities </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            55,592  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                              —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                53,422  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                              2,170  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        44,722  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                       —  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        42,625  </td> <td valign="bottom" style="width:00.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       2,097  </td> </tr> </table></div> As of March 31, 2019 and December 31, 2018, the Company’s financial assets valued at fair value consisted of assets valued using i) Level 1 inputs: unadjusted quoted prices in active markets (Level 1 instrument valuations are obtained from observable inputs that reflect quoted prices (unadjusted) for identical assets in active markets); and ii) Level 2 inputs: obtained from readily-available pricing sources for comparable instruments as well as instruments with inactive markets at the measurement date. As of March 31, 2019 and December 31, 2018, the Company’s liabilities were valued at fair value using Level 2 inputs and level 3 inputs (valuations based on unobservable inputs reflecting Company assumptions). Fair value of contingent considerations are determined based on the probability of achievement of the performance targets arising from each acquisition, as well as the Company’s historical experience with similar arrangements. During the three-month period ended March 31, 2019, the Company assumed contingent considerations for an amount of $2,170 thousands. The unrealized net gains or losses on short-term and long-term investments are reported as a component of other comprehensive income. The Company does not anticipate any significant realized losses associated with those investments in excess of the Company’s historical cost. As of March 31, 2019 and December 31, 2018, the carrying value of the Company’s financial assets and liabilities measured at amortized cost approximated their fair value mainly because of their short-term maturity. These assets and liabilities included cash, cash equivalents, restricted cash and cash equivalents and short-term investments (excluding money markets funds and corporate debt security), accounts receivable, credit cards receivable, loans receivable, funds payable to customers, other assets, accounts payable, 2019 Notes (liability component), salaries and social security payable (excluding variable LTRP), taxes payable, provisions and other liabilities (excluding contingent considerations). The estimated fair value of the 2028 Notes (liability component), which is based on Level 2 inputs, is $593,905 thousands and was determined based on market interest rates. The rest of the loans payable and other financial liabilities and operating lease liabilities approximate their fair value because the effective interest rates are not materially different from market interest rates. The following table summarizes the fair value level for those financial assets and liabilities of the Company measured at amortized cost as of March 31, 2019 and December 31, 2018: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Balances as of </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Significant other </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Balances as of </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Significant other </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> observable inputs </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> observable inputs </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 2) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Level 2) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="7" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Assets </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Time Deposits </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                   337,637 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                           337,637 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                         20,056 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                     20,056 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Accounts receivable </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">34,524  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">34,524  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">35,153  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">35,153  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Credit Cards receivable </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">308,468  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">308,468  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">360,298  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">360,298  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Loans receivable, net </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">134,640  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">134,640  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">95,778  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">95,778  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other assets </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">105,622  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">105,622  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">102,753  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">102,753  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Assets </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                   920,891 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           920,891 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                       614,038 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                   614,038 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Liabilities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Accounts payable and accrued expenses </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                   246,767 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           246,767 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                       266,759 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                   266,759 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Funds payable to customers </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">680,746  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">680,746  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">640,954  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">640,954  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Salaries and social security payable </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">54,528  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">54,528  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">40,942  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">40,942  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Taxes payable </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">34,414  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">34,414  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">31,058  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">31,058  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating lease liabilities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">155,632  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">155,632  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Loans payable and other financial liabilities (*) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">743,223  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">784,182  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">735,177  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">735,177  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Other liabilities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">67,506  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">67,506  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">51,509  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">51,509  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:28.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total Liabilities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                1,982,816 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        2,023,775 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                    1,766,399 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                1,766,399 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> (*) The fair value of the 2019 Notes and the 2028 Notes (including the equity component) are disclosed in Note 9. As of March 31, 2019 and December 31, 2018, the Company held no direct investments in auction rate securities and does not have any non-financial assets or liabilities measured at fair value. As of March 31, 2019 and December 31, 2018, the fair value of money market funds, short and long-term investments classified as available for sale securities are as follows: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="9" valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, 2019 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Cost </td> <td valign="middle" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Gross Unrealized Gains (1) </td> <td valign="middle" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Gross Unrealized Losses (1) </td> <td valign="middle" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Financial Gains </td> <td valign="middle" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Estimated Fair Value </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="9" valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Cash and cash equivalents </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Money Market Funds </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       239,269 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       239,269 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Cash and cash equivalents </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                       239,269 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                       239,269 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Restricted cash and cash equivalents </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Money Market Funds </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                           9,556 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                           9,556 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Restricted cash and cash equivalents </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           9,556 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           9,556 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Short-term investments </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee) (*) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       236,309 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                           1,720 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       238,029 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Sovereign Debt Securities (**) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">1,071,309  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">98  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">1,327  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">1,072,734  </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Corporate Debt Securities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">57  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">57  </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Short-term investments </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                    1,307,675 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                98 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           3,047 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                    1,310,820 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Long-term investments </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sovereign Debt Securities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       270,206 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                           1,837 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                  1 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       272,044 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Corporate Debt Securities </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">197  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">2  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">(1) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:9pt;text-align:right;" nowrap="nowrap">198  </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total Long-term investments </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       270,403 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                           1,839 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                (1) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                                  1 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       272,242 </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                    1,826,903 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           1,937 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                                (1) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                           3,048 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                    1,831,887 </td> </tr> </table></div> (1) Unrealized gains (losses) from securities are attributable to market price movements, net foreign exchange losses and foreign currency translation. Management does not believe any remaining significant unrealized losses represent other-than-temporary impairments based on the evaluation of available evidence including the credit rating of the investments, as of March 31, 2019 and December 31, 2018. (*) Brazilian government bonds measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 – Investments fair value option) (**) Includes $806,087 thousands of U.S treasury notes measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 – Investments fair value option) <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="7" valign="middle" style="width:70.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, 2018 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Cost </td> <td valign="bottom" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="middle" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Gross Unrealized Gains (1) </td> <td valign="bottom" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Gross Unrealized Losses (1) </td> <td valign="bottom" style="width:00.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Estimated Fair Value </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="middle" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td colspan="7" valign="middle" style="width:70.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Cash and cash equivalents </td> <td valign="middle" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Money Market Funds </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        179,252 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        179,252 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Cash and cash equivalents </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                        179,252 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                        179,252 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Restricted Cash and cash equivalents </td> <td valign="middle" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Money Market Funds </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                          24,363 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                          24,363 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total  Restricted Cash and cash equivalents </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                          24,363 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                          24,363 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="middle" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:16.54%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Short-term investments </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee) </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        282,752 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       1,565 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        284,317 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Sovereign Debt Securities </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">156,910  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">237  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">157,147  </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Corporate Debt Securities </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">21  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">21  </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total Short-term investments </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                        439,683 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                       1,802 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                        441,485 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Long-term investments </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sovereign Debt Securities </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        271,024 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       1,431 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                            — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        272,455 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Corporate Debt Securities </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">244  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(3) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">241  </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total Long-term investments </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        271,268 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       1,431 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                             (3) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        272,696 </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> </td> <td valign="bottom" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:29.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        914,566 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                       3,233 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:16.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                             (3) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.66%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                        917,796 </td> </tr> </table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"></td><td valign="top" align="left" style="width: 18.00pt;"> (1) </td><td style="width:0pt;"></td><td align="left" valign="top"> Unrealized gains (losses) from securities are attributable to market price movements, net foreign exchange losses and foreign currency translation. Management does not believe any remaining significant unrealized losses represent other-than-temporary impairments based on the evaluation of available evidence including the credit rating of the investments, as of March 31, 2019 and December 31, 2018.</td></tr></table></div> The material portion of the Sovereign Debt Securities consists of U.S. Treasury Notes, which carry no significant risk. Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee) On November 1, 2018, the Company obtained the approval from the Central Bank of Brazil to operate as an authorized payment institution. With the authorization, MercadoPago in Brazil is subject to the supervision of the Central Bank of Brazil and must fully comply with all the obligations established in the current regulation. Among other obligations, the regulation requires authorized payment institutions to hold the balance available in the payment institution account in either in a specific account of Central Bank of Brazil that does not pay interest or in Brazilian federal government bonds registered with the “Sistema Especial de Liquidacao e Custodia”. The percentage of the electronic currency that must be deposited was 100% and 80% as of March 31, 2019 and December 31, 2018, respectively. As of March 31, 2019 and December 31, 2018 and in accordance with the regulation, the Company held $238,029 thousands and $284,317 thousands deposited in Brazilian federal government bonds, respectively, as mandatory guarantee. As of March 31, 2019, the estimated fair values (in thousands of U.S. dollars) of money market funds and short-term and long-term investments classified by their effective maturities are as follows: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> One year or less </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,559,645  </td> </tr> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> One year to two years </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">272,020  </td> </tr> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Two years to three years </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">133  </td> </tr> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Three years to four years </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">43  </td> </tr> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Four years to five years </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">46  </td> </tr> <tr> <td valign="bottom" style="width:77.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:21.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                1,831,887 </td> </tr> </table></div> </div> </div>

3048000

806087000

152000

6724000

5458000

177000

1089000

6724000

9119000

8835000

8820000

359000

1905000

1399000

1719000

2096000

662000

235000

284000

0.0691

P5Y

44722000

42625000

2097000

55592000

53422000

2170000

17899000

18801000

2720000

1083000

1815000

2383000

14897000

5406000

3028000

4565000

14844000

5445000

2786000

4676000

8950000

5601000

-3669000

1886000

<div> <div style="margin-left:0pt;margin-right:0pt;"> Foreign currency translation All of the Company’s consolidated foreign operations use the local currency as their functional currency, except for Argentina, which has used the U.S. dollar as its functional currency since July 1, 2018, as described below. Accordingly, the foreign subsidiaries with local currency as functional currency translate assets and liabilities from their local currencies into U.S. dollars by using year-end exchange rates while income and expense accounts are translated at the average monthly rates in effect during the year, unless exchange rates fluctuate significantly during the period, in which case the exchange rates at the date of the transaction are used. The resulting translation adjustment is recorded as a component of other comprehensive income (loss). Argentine currency status As of July 1, 2018, the Company transitioned its Argentinian operations to highly inflationary status in accordance with U.S. GAAP, and changed the functional currency for Argentine subsidiaries from Argentine Pesos to U.S. dollars, which is the functional currency of their immediate parent company. Pursuant to the change in the functional currency, monetary assets and liabilities are remeasured at closing exchange rate, and non-monetary assets, revenues and expenses are remeasured at the rate prevailing on the date of the respective transaction. The effect of the re measurement is recognized as foreign currency (losses) gains. Argentina is the second largest principal market of the Company’s business, as measured by net revenue (see Note 5 – Segment Reporting). The economic environment in Argentina has been volatile with weak economic conditions, devaluation of local currency, high interest rates, high level of inflation and a large public deficit which led Argentina to request financial assistance from the International Monetary Fund.   </div> </div>

43058000

43820000

92279000

5761000

32492000

18805000

3632000

30396000

1193000

88883000

6946000

30069000

16014000

3339000

31340000

1175000

89827000

6991000

29924000

16406000

3415000

31907000

1184000

7022000

3175000

3110000

61000

80000

543000

53000

-10418000

-1990000

-5533000

-2852000

-373000

401000

-71000

899000

-145000

392000

76000

567000

9000

45000

162758000

237004000

-25357000

15355000

-12438000

3491000

616000

0.17

0.07

<div> <div style="margin-left:0pt;margin-right:0pt;"> Income tax The Company is subject to U.S. and foreign income taxes. The Company accounts for income taxes following the liability method of accounting which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. Deferred tax assets are also recognized for tax loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets or liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recorded when, based on the available evidence, it is more likely than not that all or a portion of the Company’s deferred tax assets will not be realized. The Company’s income tax expense consists of taxes currently payable, if any, plus the change during the period in the Company’s deferred tax assets and liabilities. On August 17, 2011, the Argentine government issued a new software development law and on September 9, 2013 the Argentine government issued a regulatory decree establishing the requirements to become a beneficiary of the new software development law, including a requirement to comply with annual incremental ratios related to exports of services and research and development. The new law will expire on December 31, 2019. The Argentine Industry Secretary approved the Company’s application for eligibility under the law for the Company’s Argentine subsidiary, Mercadolibre S.R.L. As a result, the Company’s Argentine subsidiary has been granted a tax holiday retroactive from September 18, 2014. A portion of the benefits obtained is a 60% relief of total income tax related to software development activities and a 70% relief of payroll taxes related to software development activities. As a result of the Company’s eligibility under the new law, it recorded an income tax benefit of $3,319 thousands and $7,299 thousands during the three-month periods ended March 31, 2019 and 2018, respectively. Aggregate per share effect of the Argentine tax holiday amounted to $0.07 and $0.17 for the three-month periods ended March 31, 2019 and 2018, respectively. Furthermore, the Company recorded a labor cost benefit of $2,396 thousands and $2,016 thousands during the three-month periods ended March 31, 2019 and 2018, respectively. Additionally, $400 thousands and $652 thousands were accrued to pay software development law audit fees during the first quarter of 2019 and 2018, respectively. </div> </div>

22773000

-491000

9347000

-337000

872000

-1652000

13009000

5085000

3041000

12735000

16164000

-3316000

8584000

8733000

18581000

17683000

107464000

9050000

32955000

24638000

35993000

46000

107418000

4782000

107510000

8607000

31746000

25678000

36222000

33000

107477000

5224000

4763000

992000

11180000

4612000

3003000

9195000

24444000

3345000

284317000

262000

429602000

284317000

237000

429602000

25000

238029000

255000

1344778000

238029000

245000

1344778000

10000

6477000

<div> <div style="margin-left:0pt;margin-right:0pt;"> 12. Leases The Company leases certain fulfillment centers and office space in the various countries in which it operates. The lease agreements do not contain any residual value guarantees or material restrictive covenants. Supplemental balance sheet information related to leases was as follows (in thousands): <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> March 31, </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> 2019 </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating Leases </td> <td valign="bottom" style="width:03.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating lease right-of-use assets </td> <td valign="bottom" style="width:03.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:15.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">153,499  </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating lease liabilities </td> <td valign="bottom" style="width:03.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:15.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">155,632  </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Finance Leases </td> <td valign="bottom" style="width:03.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Property and equipment, at cost </td> <td valign="bottom" style="width:03.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">9,119  </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Accumulated depreciation </td> <td valign="bottom" style="width:03.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(284) </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Property and equipment, net </td> <td valign="bottom" style="width:03.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:15.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">8,835  </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Loans payable and other financial liabilities </td> <td valign="bottom" style="width:03.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:15.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">6,724  </td> </tr> <tr> <td valign="bottom" style="width:81.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:03.46%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:15.38%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> The following table summarizes the weighted average remaining lease term and the weighted average incremental borrowing rate for operating and finance leases at March 31, 2019: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Weighted average remaining lease term </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating leases </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">9  </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Years </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Finance leases </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">5  </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Years </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Weighted average discount rate </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating leases </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">10.44  </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Finance leases </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">6.91  </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:78.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:04.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> The components of lease expense were as follows (in thousands): <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:81.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;height:12.75pt;padding:0pt;"> March 31, </td> </tr> <tr> <td valign="bottom" style="width:81.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;height:12.75pt;padding:0pt;"> 2019 </td> </tr> <tr> <td valign="bottom" style="width:81.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:03.42%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Operating lease cost </td> <td valign="bottom" style="width:03.42%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:15.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">6,477  </td> </tr> <tr> <td valign="bottom" style="width:81.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:03.42%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.32%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Finance lease cost: </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:81.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Depreciation of property and equipment </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">235  </td> </tr> <tr> <td valign="bottom" style="width:81.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Interest on lease liabilities </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">152  </td> </tr> <tr> <td valign="bottom" style="width:81.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Total finance lease cost </td> <td valign="bottom" style="width:03.42%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:15.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">387  </td> </tr> <tr> <td valign="bottom" style="width:81.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:03.42%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.32%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> </table></div> Supplemental cash flow information related to leases was as follows (in thousands): <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Three months ended </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> March 31, 2019 </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Cash paid for amounts included in the measurement of lease liabilities: </td> <td valign="bottom" style="width:02.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating cash flows from operating leases </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">4,124  </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Financing cash flows from finance leases </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">662  </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Right-of-use assets obtained in exchange for lease obligations: </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating leases </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">35,926  </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Finance leases </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">177  </td> </tr> <tr> <td valign="bottom" style="width:78.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:19.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted by the Company’s incremental borrowing rates to calculate the lease liabilities for the operating and finance leases (in thousands): <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Year Ending March 31, </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Operating Leases </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Finance Leases </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> One year or less </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">26,507  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,905  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> One year to two years </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">27,364  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,719  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Two years to three years </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">26,469  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,719  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Three years to four years </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">25,383  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,719  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Four years to five years </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">23,826  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,399  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Thereafter </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">112,956  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">359  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total lease payments </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">242,505  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">8,820  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Less imputed interest </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(86,873) </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(2,096) </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">155,632  </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">6,724  </td> </tr> <tr> <td valign="bottom" style="width:59.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.06%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> </div> </div>

P5Y3M

P4Y

<div> <div style="margin-left:0pt;margin-right:0pt;"> Leases <p style="margin:9pt 0pt 0pt 22.95pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt"> The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities in the consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term, which is a non-monetary asset, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease, which is a monetary liability. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the leases do not provide an implicit rate, the Company uses incremental borrowing rates based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU asset also includes any lease prepaid payments made. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term. According to transition guidance, finance leases that existed at December 31, 2018 are included in property and equipment, and loans payable and other financial liabilities in the consolidated balance sheets.   </div> </div>

242505000

112956000

23826000

25383000

26469000

27364000

26507000

86873000

1902819000

54093000

2135414000

54372000

2239519000

4448160000

1166224000

7652000

1248215000

8192000

1766399000

40942000

31058000

640954000

266759000

1766399000

735177000

51509000

40942000

31058000

640954000

266759000

735177000

51509000

1982816000

54528000

34414000

155632000

680746000

246767000

2023775000

743223000

67506000

54528000

34414000

155632000

680746000

246767000

784182000

67506000

736595000

46441000

887199000

46180000

8869000

4424000

7376000

2949000

1494000

12066000

898000

12053000

3121000

10195000

0.0360

0.0372

0.0365

0.3775

0.0911

0.4050

0.5550

0.0911

132949000

7539000

141162000

8089000

276136000

275432000

602228000

46441000

602061000

46180000

4782000

24026000

1974687000

-24097000

-1260085000

-37006000

138371000

-12919000

11864000

2729000

11864000

-12919000

6023000

-12919000

6023000

2092000

165614000

58358000

78227000

16497000

2959000

162655000

9573000

188956000

74070000

83717000

19372000

2313000

186643000

9484000

95778000

51471000

134640000

70757000

192177000

226865000

-29419000

10139000

155632000

12585000

143047000

4124000

153499000

0.1044

P9Y

61569000

60968000

37744000

41464000

2025000

-294000

1718000

-1320000

-294000

-15573000

-294000

-16393000

-1011000

-16393000

-1011000

2729000

-603000

-24000

2012000

34098000

56418000

19508000

13258000

640954000

680746000

45692000

348123000

6624000

34812000

97000

34000

632734000

1624226000

19542000

32928000

0.04

1000

5841000

-5841000

27477000

24132000

121703000

14405000

1866500000

80925000

33977000

98688000

1965188000

3912000

3536000

683909000

439712000

988664000

993500000

165614000

188956000

360298000

308468000

3345000

<div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="middle" style="width:50.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:50.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Three months Ended March 31, </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:50.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:50.72%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Consolidated Net Revenues </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:03.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:50.72%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (In thousands) </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:50.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Enhanced Marketplace (*) </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      253,035 </td> <td valign="bottom" style="width:03.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      140,695 </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:50.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Non-marketplace (**) (***) </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">220,735  </td> <td valign="bottom" style="width:03.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">180,281  </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:50.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      473,770 </td> <td valign="bottom" style="width:03.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      320,976 </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div> (*)   Includes Final Value Fees and Shipping fees. (**)  Includes, among other things, Ad Sales, Classified Fees, Payment Fees and other ancillary services.  (***) Includes $186,965 thousands and $144,763 thousands of Payment Fees for the three-month periods ended March 31, 2019 and 2018, respectively. </div> </div>

98688000

4583000

23816000

38396000

52369000

24363000

10375000

503432000

509455000

<div> <div style="margin-left:0pt;margin-right:0pt;"> Revenue recognition Revenue recognition criteria for the services mentioned above are described in note 2 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. Contract Balances Timing of revenue recognition may differ from the timing of invoicing to customers. Receivables represent amounts invoiced and revenue recognized prior to invoicing when the Company has satisfied the performance obligation and has the unconditional right to payment. The allowance for doubtful accounts, loans receivable and chargebacks is estimated based upon our assessment of various factors including historical experience, the age of the accounts receivable balances, current economic conditions and other factors that may affect our customers’ ability to pay. The allowance for doubtful accounts, loans receivable and chargebacks was $26,783 thousands and $23,411 thousands as of March 31, 2019 and December 31, 2018, respectively. Deferred revenue consists of fees received related to unsatisfied performance obligations at the end of the period in accordance with ASC 606. Due to the generally short-term duration of contracts, the majority of the performance obligations are satisfied in the following reporting period. Deferred revenue as of December 31, 2018 and 2017 was $5,918 thousands and $6,116 thousands, respectively, of which $3,188 thousands and $4,316 thousands were recognized as revenue during the three-month periods ended March 31, 2019 and 2018, respectively. As of March 31, 2019, total deferred revenue was $5,958 thousands, mainly due to fees related to listing and optional feature services billed and loyalty programs that are expected to be recognized as revenue in the coming months. </div> </div>

320976000

140695000

180281000

101939000

184155000

17065000

17817000

473770000

253035000

220735000

93776000

302384000

54561000

23049000

177000

35926000

<div> <div style="margin-left:0pt;margin-right:0pt;"> 8. Long term retention plan (“LTRP”) The following table summarizes the 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018 and 2019 long term retention plan accrued compensation expense for the three-month periods ended March 31, 2019 and 2018, which are payable in cash according to the decisions made by the Board of Directors: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="4" valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31, </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="4" valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> LTRP 2010 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">53  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> LTRP 2011 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">55  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">663  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> LTRP 2012 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">559  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,125  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> LTRP 2013 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">193  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,749  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> LTRP 2014 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,220  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">2,084  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> LTRP 2015 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,982  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">2,815  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> LTRP 2016 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">3,038  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">3,908  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> LTRP 2017 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">2,813  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">3,340  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> LTRP 2018 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1,455  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> LTRP 2019 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">2,126  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total LTRP </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:18.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">13,441  </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:18.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">15,737  </td> </tr> <tr> <td valign="bottom" style="width:42.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div> </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;"> 5. Segment reporting Reporting segments are based upon the Company’s internal organizational structure, the manner in which the Company’s operations are managed and resources are assigned, the criteria used by Management to evaluate the Company’s performance, the availability of separate financial information and overall materiality considerations. Segment reporting is based on geography as the main basis of segment breakdown in accordance with the criteria used for  evaluation of the Company’s performance as determined by Management. The Company’s segments include Brazil, Argentina, Mexico and other countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Honduras, Nicaragua, El Salvador, Bolivia, Guatemala, Panama, Paraguay, Peru, Uruguay and the United States of America). Direct contribution consists of net revenues from external customers less direct costs, which include costs of net revenues, product and technology development expenses, sales and marketing expenses and general and administrative expenses over which segment managers have direct discretionary control, such as advertising and marketing programs, customer support expenses, allowances for doubtful accounts, payroll and third-party fees. All corporate related costs have been excluded from the Company’s direct contribution. Expenses over which segment managers do not currently have discretionary control, such as certain technology and general and administrative costs are monitored by Management through shared cost centers and are not evaluated in the measurement of segment performance. The following tables summarize the financial performance of the Company’s reporting segments: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="10" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31, 2019 </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Brazil </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Argentina </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Mexico </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Other Countries </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Total </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="10" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Net revenues </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                302,384  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      93,776  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                     54,561  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                     23,049  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                  473,770  </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Direct costs </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(225,343) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(67,492) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(65,585) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(20,447) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(378,867) </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Direct contribution </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">77,041  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">26,284  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(11,024) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">2,602  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">94,903  </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating expenses and indirect costs of net revenues </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(84,764) </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Income from operations </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">10,139  </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other income (expenses): </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Interest income and other financial gains </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">24,444  </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Interest expense and other financial losses </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(15,559) </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Foreign currency losses </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(3,669) </td> </tr> <tr> <td valign="bottom" style="width:35.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Net income before income tax expense </td> <td valign="bottom" style="width:00.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                    15,355  </td> </tr> </table></div> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="10" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31, 2018 </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Brazil </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Argentina </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Mexico </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Other Countries </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Total </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="10" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Net revenues </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                184,155  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                    101,939  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      17,065  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      17,817  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                  320,976  </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Direct costs </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(176,980) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(57,295) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(26,323) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(17,272) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(277,870) </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Direct contribution </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">7,175  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">44,644  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(9,258) </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">545  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">43,106  </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating expenses and indirect costs of net revenues </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(72,525) </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Loss from operations </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(29,419) </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other income (expenses): </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Interest income and other financial gains </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">9,195  </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Interest expense and other financial losses </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">(10,734) </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Foreign currency gains </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">5,601  </td> </tr> <tr> <td valign="bottom" style="width:34.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Net loss before income tax gains </td> <td valign="bottom" style="width:00.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                   (25,357) </td> </tr> </table></div> The following table summarizes the allocation of property and equipment, net based on geography: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> US property and equipment, net </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                          2,313 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                          2,959 </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other countries </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Argentina </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">74,070  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">58,358  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Brazil </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">83,717  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">78,227  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Mexico </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">19,372  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">16,497  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other countries </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">9,484  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">9,573  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      186,643 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      162,655 </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total property and equipment, net </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                      188,956 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                      165,614 </td> </tr> </table></div> The following table summarizes the allocation of the goodwill and intangible assets based on geography: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (In thousands) </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> US intangible assets </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                               33 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                               46 </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other countries goodwill and intangible assets </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Argentina </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">8,607  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">9,050  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Brazil </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">31,746  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">32,955  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Mexico </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">36,222  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">35,993  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Chile </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">25,678  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">24,638  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Other countries </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">5,224  </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">4,782  </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                      107,477 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $                      107,418 </td> </tr> <tr> <td valign="bottom" style="width:64.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total goodwill and intangible assets </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      107,510 </td> <td valign="bottom" style="width:00.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:17.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      107,464 </td> </tr> </table></div> Consolidated net revenues by similar products and services for the three-month periods ended March 31, 2019 and 2018 were as follows: <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="middle" style="width:50.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:50.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> Three months Ended March 31, </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:50.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:50.72%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Consolidated Net Revenues </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:03.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2018 </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="middle" style="width:50.72%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (In thousands) </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:50.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Enhanced Marketplace (*) </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      253,035 </td> <td valign="bottom" style="width:03.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      140,695 </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:50.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Non-marketplace (**) (***) </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">220,735  </td> <td valign="bottom" style="width:03.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">180,281  </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:50.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      473,770 </td> <td valign="bottom" style="width:03.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $                      320,976 </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div> (*)   Includes Final Value Fees and Shipping fees. (**)  Includes, among other things, Ad Sales, Classified Fees, Payment Fees and other ancillary services.  (***) Includes $186,965 thousands and $144,763 thousands of Payment Fees for the three-month periods ended March 31, 2019 and 2018, respectively. </div> </div>

110723000

130676000

15737000

13441000

44157000

45203000

49319000

461541000

1648457000

325779000

-282851000

70661000

44000

537925000

252867000

-299244000

24969000

44000

527098000

336700000

-391577000

224800000

45000

503432000

2214058000

-392588000

2097142000

49000

509455000

4116000

2395834

1719790

100000

2000

1866500000

1866496000

4000

750000000

100000000

31058000

34414000

-5841000

100000000

0.001

40000000

100000

176000

9958000

88000

9837000

<div> <div style="margin-left:0pt;margin-right:0pt;"> Use of estimates The preparation of interim condensed consolidated financial statements in conformity with U.S. GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are used for, but not limited to, accounting for allowances for doubtful accounts and chargeback provisions, allowance for loans receivables, recoverability of goodwill, intangible assets with indefinite useful lives and tax loss carryforwards, impairment of short-term and long-term investments, impairment of long-lived assets, compensation costs relating to the Company’s long term retention plan, fair value of convertible debt, fair value of investments, recognition of income taxes and contingencies and determination of the incremental borrowing rate at commencement date of lease operating agreements. Actual results could differ from those estimates. </div> </div>

44157364

45980255

44157364

45980255

Brazilian government bonds measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 - Investments fair value option) Includes $806,087 thousands of U.S treasury notes measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 - Investments fair value option) Unrealized gains (losses) from securities are attributable to market price movements, net foreign exchange losses and foreign currency translation. Management does not believe any remaining significant unrealized losses represent other-than-temporary impairments based on the evaluation of available evidence including the credit rating of the investments, as of March 31, 2019 and December 31, 2018. Net of $236 thousands of transaction costs related to the equity component of the 2019 Notes. Net of $6,163 thousands of transaction costs related to the equity component of the 2028 Notes. As of March 31, 2019, the remaining period over which the unamortized debt discount will be amortized is 0.25 years. As of March 31, 2019, the remaining period over which the unamortized debt discount will be amortized is 9.5 years. The fair value of the 2019 Notes and the 2028 Notes (including the equity component) are disclosed in Note 9. Includes Final Value Fees and Shipping fees. Includes, among other things, Ad Sales, Classified Fees, Payment Fees and other ancillary services. Includes $186,965 thousands and $144,763 thousands of Payment Fees for the three-month periods ended March 31, 2019 and 2018, respectively. EX-101.SCH 9 meli-20190331.xsd EX-101.SCH 00100 - Statement - Interim Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00200 - Statement - Interim Condensed Consolidated Statements of Income link:presentationLink link:calculationLink link:definitionLink 00300 - Statement - Interim Condensed Consolidated Statements of Comprehensive Income link:presentationLink link:calculationLink link:definitionLink 00500 - Statement - Interim Condensed Consolidated Statements of Cash Flow link:presentationLink link:calculationLink link:definitionLink 40203 - Disclosure - Summary of Significant Accounting Policies (Accumulated Other Comprehensive Loss) (Details) link:presentationLink link:calculationLink link:definitionLink 40204 - Disclosure - Summary of Significant Accounting Policies (Summary of Changes in Accumulated Balances of Other Comprehensive Loss) (Details) link:presentationLink link:calculationLink link:definitionLink 40205 - Disclosure - Summary of Significant Accounting Policies (Reclassifications Out of Accumulated Other Comprehensive Loss) (Details) link:presentationLink link:calculationLink link:definitionLink 40303 - Disclosure - Net Income (Loss) Per Share (Net (Loss) Income Per Share of Common Stock) (Details) link:presentationLink link:calculationLink link:definitionLink 40404 - Disclosure - Goodwill and Intangible Assets (Composition of Goodwill and Intangible Assets) (Details) link:presentationLink link:calculationLink link:definitionLink 40406 - Disclosure - Goodwill and Intangible Assets (Expected Intangible Asset Amortization Expense) (Details) link:presentationLink link:calculationLink link:definitionLink 40502 - Disclosure - Segment Reporting (Financial Performance of Company's Reporting Segments) (Details) link:presentationLink link:calculationLink link:definitionLink 40602 - Disclosure - Fair Value Measurement of Assets and Liabilities (Financial Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) link:presentationLink link:calculationLink link:definitionLink 40604 - Disclosure - Fair Value Measurement of Assets and Liabilities (Fair Value of Money Market Funds, Short and Long-Term Investments Classified as Available for Sale Securities) (Details) link:presentationLink link:calculationLink link:definitionLink 40605 - Disclosure - Fair Value Measurement of Assets and Liabilities (Estimated Fair Values Of Cash Equivalents, Short-Term and Long-Term Investments, Effective Maturities) (Details) link:presentationLink link:calculationLink link:definitionLink 40902 - Disclosure - Convertible Senior Notes (Carrying Amounts of Liability and Equity Components) (Details) link:presentationLink link:calculationLink link:definitionLink 40904 - Disclosure - Convertible Senior Notes (Summary of Interest Expense for Contractual Interest and Accretion of Debt Discount) (Details) link:presentationLink link:calculationLink link:definitionLink 41204 - Disclosure - Leases (Components Of Lease Expense) (Details) link:presentationLink link:calculationLink link:definitionLink 41205 - Disclosure - Lease (Maturities Of Lease Liabilities) (Details) (Alternate) link:presentationLink link:calculationLink link:definitionLink 41206 - Disclosure - Leases (Maturities Of Lease Liabilities) (Details) link:presentationLink link:calculationLink link:definitionLink 00090 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00105 - Statement - Interim Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00400 - Statement - Interim Condensed Consolidated Statement of Equity link:presentationLink link:calculationLink link:definitionLink 10101 - Disclosure - Nature of Business link:presentationLink link:calculationLink link:definitionLink 10201 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 10301 - Disclosure - Net Income (Loss) Per Share link:presentationLink link:calculationLink link:definitionLink 10401 - Disclosure - Goodwill and Intangible Assets link:presentationLink link:calculationLink link:definitionLink 10501 - Disclosure - Segment Reporting link:presentationLink link:calculationLink link:definitionLink 10601 - Disclosure - Fair Value Measurement of Assets and Liabilities link:presentationLink link:calculationLink link:definitionLink 10701 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 10801 - Disclosure - Long Term Retention Plan link:presentationLink link:calculationLink link:definitionLink 10901 - Disclosure - Convertible Senior Notes link:presentationLink link:calculationLink link:definitionLink 11001 - Disclosure - Equity Offerings link:presentationLink link:calculationLink link:definitionLink 11101 - Disclosure - Securitization Transactions link:presentationLink link:calculationLink link:definitionLink 11201 - Disclosure - Leases link:presentationLink link:calculationLink link:definitionLink 20202 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 30203 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 30303 - Disclosure - Net Income (Loss) Per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 30403 - Disclosure - Goodwill and Intangible Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 30503 - Disclosure - Segment Reporting (Tables) link:presentationLink link:calculationLink link:definitionLink 30603 - Disclosure - Fair Value Measurement of Assets and Liabilities (Tables) link:presentationLink link:calculationLink link:definitionLink 30803 - Disclosure - Long Term Retention Plan (Tables) link:presentationLink link:calculationLink link:definitionLink 30903 - Disclosure - Convertible Senior Notes (Tables) link:presentationLink link:calculationLink link:definitionLink 31103 - Disclosure - Securitization Transactions (Tables) link:presentationLink link:calculationLink link:definitionLink 31203 - Disclosure - Leases (Tables) link:presentationLink link:calculationLink link:definitionLink 40201 - Disclosure - Summary of Significant Accounting Policies (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40301 - Disclosure - Net Income (Loss) Per Share (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40401 - Disclosure - Goodwill and Intangible Assets (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40405 - Disclosure - Goodwill and Intangible Assets (Changes in Carrying Amount of Goodwill) (Details) link:presentationLink link:calculationLink link:definitionLink 40503 - Disclosure - Segment Reporting (Allocation of Long-Lived Tangible Assets Based on Geography) (Details) link:presentationLink link:calculationLink link:definitionLink 40504 - Disclosure - Segment Reporting (Allocation of Goodwill and Intangible Assets Based on Geography) (Details) link:presentationLink link:calculationLink link:definitionLink 40505 - Disclosure - Segment Reporting (Consolidated Net Revenues by Similar Products and Services) (Details) link:presentationLink link:calculationLink link:definitionLink 40601 - Disclosure - Fair Value Measurement of Assets and Liabilities (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40603 - Disclosure - Fair Value Measurement of Assets and Liabilities (Fair Value of Financial Assets and Liabilities Measured at Amortized Cost) (Details) link:presentationLink link:calculationLink link:definitionLink 40701 - Disclosure - Commitments and Contingencies (Narrative I) (Details) link:presentationLink link:calculationLink link:definitionLink 40702 - Disclosure - Commitments and Contingencies (Narrative II) (Details) link:presentationLink link:calculationLink link:definitionLink 40803 - Disclosure - Long Term Retention Plan (Long Term Retention Plans Accrued Compensation Expense) (Details) link:presentationLink link:calculationLink link:definitionLink 40901 - Disclosure - Convertible Senior Notes (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40903 - Disclosure - Convertible Senior Notes (Carrying Amounts of Liability and Equity Components - Additional Information) (Details) link:presentationLink link:calculationLink link:definitionLink 41001 - Disclosure - Equity Offerings (Details) link:presentationLink link:calculationLink link:definitionLink 41101 - Disclosure - Securitization Transaction (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 41102 - Disclosure - Securitization Transaction (Assets And Liabilities Of The Trust) (Details) link:presentationLink link:calculationLink link:definitionLink 41202 - Disclosure - Leases (Supplemental Balance Sheet Information Related To Leases) (Details) link:presentationLink link:calculationLink link:definitionLink 41203 - Disclosure - Leases (Summary Of Weighted Average Remaining Lease Term And Discount Rate) (Details) link:presentationLink link:calculationLink link:definitionLink 41205 - Disclosure - Leases (Supplemental Cash Flow Information Related To Leases) (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 10 meli-20190331_cal.xml EX-101.CAL EX-101.DEF 11 meli-20190331_def.xml EX-101.DEF EX-101.LAB 12 meli-20190331_lab.xml EX-101.LAB Document and entity information. Document And Entity Information [Abstract] Statement [Table] Statement [Table] Statement [Line Items] Statement [Line Items] Document Type Document Type Amendment Flag Amendment Flag Document Period End Date Document Period End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Trading Symbol Trading Symbol Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Entity Small Business Entity Emerging Growth Company Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Interim Condensed Consolidated Balance Sheets [Abstract] Assets [Abstract] Assets Assets, Current [Abstract] Current assets: Cash and Cash Equivalents, at Carrying Value Cash and cash equivalents Restricted Cash and Cash Equivalents, Current Restricted cash and cash equivalents Short-term Investments Short-term investments (238,029 and 284,317 held in guarantee) Accounts Receivable, Net, Current Accounts receivable, net Receivables from Customers Credit cards receivable, net Notes, Loans and Financing Receivable, Net, Current Loans receivable, net Prepaid Expense, Current Prepaid expenses Inventory, Net Inventory Other Assets, Current Other assets Assets, Current Total current assets Assets, Noncurrent [Abstract] Non-current assets: Long-term Investments Long-term investments Property, Plant and Equipment, Net Property and equipment, net Operating Lease, Right-of-Use Asset Operating lease right-of-use assets Goodwill Balance, end of the period Balance, beginning of the period Goodwill Intangible Assets, Net (Excluding Goodwill) Total intangible assets, net Intangible assets, net Deferred Tax Assets, Net of Valuation Allowance, Noncurrent Deferred tax assets Other Assets, Noncurrent Other assets Assets, Noncurrent Total non-current assets Assets Total assets Liabilities and Equity [Abstract] Liabilities and Equity Liabilities, Current [Abstract] Current liabilities: Accounts Payable and Accrued Liabilities, Current Accounts payable and accrued expenses Payables to Customers Funds payable to customers Employee-related Liabilities, Current Salaries and social security payable Taxes Payable, Current Taxes payable Loans Payable, Current Loans payable and other financial liabilities Operating Lease, Liability, Current Operating lease liabilities Other Liabilities, Current Other liabilities Liabilities, Current Total current liabilities Liabilities, Noncurrent [Abstract] Non-current liabilities: Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the non current portion of the liabilities (more than one year or within the normal operating cycle if longer). Employee Related Liabilities Noncurrent Salaries and social security payable Loans Payable, Noncurrent Loans payable and other financial liabilities Operating Lease, Liability, Noncurrent Operating lease liabilities Deferred Tax Liabilities, Net, Noncurrent Deferred tax liabilities Other Liabilities, Noncurrent Other liabilities Liabilities, Noncurrent Total non-current liabilities Liabilities Total liabilities Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount Redeemable convertible preferred stock, $0.001 par value, 40,000,000 shares authorized, 100,000 shares issued and outstanding at March 31, 2019 (Note 10) Stockholders' Equity Attributable to Parent [Abstract] Equity Common Stock, Value, Issued Common stock, $0.001 par value, 110,000,000 shares authorized, 49,318,498 and 45,202,859 shares issued and outstanding at March 31, 2019 and December 31, 2018 Additional Paid in Capital Additional paid-in capital Retained Earnings (Accumulated Deficit) Retained earnings Accumulated Other Comprehensive Income (Loss), Net of Tax Ending Balance Beginning Balance Accumulated other comprehensive loss Accumulated other comprehensive loss Stockholders' Equity Attributable to Parent Ending Balance Beginning Balance Total Equity Liabilities and Equity Total Liabilities, Redeemable convertible preferred stock and Equity Short-Term Investments Held In Guarantee Short-Term Investments Held In Guarantee Held in guarantee Temporary Equity, Par or Stated Value Per Share Redeemable convertible preferred stock, Par Value Temporary Equity, Shares Authorized Redeemable convertible preferred stock, Shares Authorized Temporary Equity, Shares Issued Redeemable convertible preferred stock, Shares Issued Temporary Equity, Shares Outstanding Redeemable convertible preferred stock, Shares Outstanding Common Stock, Par or Stated Value Per Share Common stock, par value Common Stock, Shares Authorized Common stock, shares authorized Common Stock, Shares, Issued Common stock, shares issued Common Stock, Shares, Outstanding Common stock, shares outstanding Interim Condensed Consolidated Statements of Income [Abstract] Sales Revenue, Services, Net Net revenues Cost of Revenue Cost of net revenues Gross Profit Gross profit Operating Expenses [Abstract] Operating expenses: Research and Development Expense Product and technology development Selling and Marketing Expense Sales and marketing General and Administrative Expense General and administrative Operating Expenses Total operating expenses Operating Income (Loss) Income (loss) from operations Nonoperating Income (Expense) [Abstract] Other income (expenses): Investment Income, Interest Interest income and other financial gains Interest expense and other financial charges. Interest Expense And Other Financial Charges Interest expense and other financial losses Foreign Currency Transaction Gain (Loss), before Tax Foreign currency (losses) gains Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest Net income (loss) before income tax expense (gain) Income Tax Expense (Benefit) Income tax loss Income tax (expense) gain Net Income (Loss) Attributable to Parent Net income (loss) Net income (loss) Earnings Per Share, Basic [Abstract] Basic EPS: Basic net income (loss) Earnings Per Share, Basic Available to shareholders per common share Net (loss) income per common share, Basic Weighted average shares, Basic Weighted average of common stock outstanding for Basic earnings per share Weighted average of outstanding common shares Earnings Per Share, Diluted [Abstract] Diluted EPS: Diluted net income (loss) Earnings Per Share, Diluted Available to shareholders per common share Net (loss) income per common share, Diluted Weighted Average Number of Shares Outstanding, Diluted Weighted average of outstanding common shares Adjusted weighted average of common stock outstanding for Diluted earnings per share Interim Condensed Consolidated Statements of Comprehensive Income [Abstract] Other Comprehensive Income (Loss), Net of Tax [Abstract] Other comprehensive income (loss), net of income tax: Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax Currency translation adjustment Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax Unrealized net gains (losses) on available for sale investments Other Comprehensive Income Loss Reclassification Adjustment From AOCI Net Of Tax Other Comprehensive Income Loss Reclassification Adjustment From AOCI Net Of Tax Less: Reclassification adjustment for gains from accumulated other comprehensive income Other Comprehensive Income (Loss), Net of Tax Net change in accumulated other comprehensive loss, net of income tax Comprehensive Income (Loss), Net of Tax, Attributable to Parent Total Comprehensive income (loss) Interim Condensed Consolidated Statement of Equity [Abstract] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Common Stock [Member] Common Stock [Member] Additional Paid In Capital [Member] Additional Paid-in Capital [Member] Retained Earnings [Member] Retained Earnings [Member] Accumulated Other Comprehensive Income [Member] Accumulated Other Comprehensive Loss [Member] Shares Issued Ending Balance (in shares) Beginning Balance (in shares) Stock Issued During Period, Value, New Issues Common Stock issued Stock Issued During Period, Shares, New Issues Common Stock issued (in shares) Stock Issued During Period, Value, Conversion of Convertible Securities Exercise of convertible notes Unwind Capped Call Transaction Cost Unwind Capped Call Transaction Cost Unwind Capped Call Capped Call Transaction Cost Capped Call Transaction Cost Capped Call New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification Changes in accounting Standards Preferred Stock Redemption Discount Amortization of Preferred Stock discount Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent Other comprehensive loss Net current period other comprehensive income (loss), net of tax Interim Condensed Consolidated Statements of Cash Flow [Abstract] Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract] Cash flows from operations: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Foreign Currency Transaction Loss, before Tax Unrealized devaluation loss, net Depreciation, Depletion and Amortization, Nonproduction Depreciation and amortization Accrued interest from investments. Accrued Interest From Investments Accrued interest Convertible bonds accrued interest and amortization of debt discount. Convertible Bonds, Accrued Interest and Amortization of Debt Discount Non cash interest and convertible notes amortization of debt discount and amortization of debt issuance costs Share-based Compensation LTRP accrued compensation Deferred Income Taxes and Tax Credits Deferred income taxes Increase (Decrease) in Operating Capital [Abstract] Changes in assets and liabilities: Increase (Decrease) in Accounts Receivable Accounts receivable Funds receivable relate to the company's payments solution and arise due to the time taken to clear transactions through external payment networks. When customers fund their account using their bank account or credit card, there is a period before the cash is received by the company. Hence, these funds are treated as a receivable until the cash is settled. These funds are presented net of the related allowance for charge backs. Increase Decrease In Funds Receivable From Customers Credit card receivables Increase (Decrease) in Prepaid Expense Prepaid expenses Increase (Decrease) in Inventories Inventory Increase (Decrease) in Other Operating Assets Other assets Increase (Decrease) in Accounts Payable and Accrued Liabilities Accounts payable and accrued expenses Funds payable relate also to the company's payments solution and means amounts due to sellers held by the company until the transaction is completed. Increase Decrease In Funds Payable To Customers Funds payable to customers Increase (Decrease) in Other Operating Liabilities Other liabilities Proceeds from Other Operating Activities Interest received from investments Net Cash Provided By Used In Operating Activities Net cash provided by (used in) operating activities Net Cash Provided by (Used in) Investing Activities, Continuing Operations [Abstract] Cash flows from investing activities: Payments to Acquire Investments Purchase of investments Proceeds from Sale, Maturity and Collection of Investments Proceeds from sale and maturity of investments Payments to Acquire Intangible Assets Purchases of intangible assets Increase Decrease In Advanced For Fixed Assets Increase Decrease In Advanced For Fixed Assets Advance for property and equipment Increase Decrease In Principal Loans Receivable Net Increase Decrease In Principal Loans Receivable Net Changes in principal of loans receivable, net Payments to Acquire Property, Plant, and Equipment Purchases of property and equipment Net Cash Provided By Used In Investing Activities Net cash used in investing activities Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract] Cash flows from financing activities: Payments for Hedge, Financing Activities Purchase of convertible note capped call Proceeds from Hedge, Financing Activities Unwind of convertible note cappeds calls Proceeds from Issuance of Long-term Debt Proceeds from loans payable and other financial liabilities Repayments of Long-term Debt Payments on loans payable and other financing liabilities Finance Lease, Principal Payments Payment of finance lease obligations Financing cash flows from finance leases Payments of Ordinary Dividends, Common Stock Dividends paid Proceeds from Issuance of Redeemable Convertible Preferred Stock Proceeds from issuance of convertible redeemable preferred stock Proceeds from Issuance of Common Stock Proceeds from issuance of common stock Net Cash Provided By Used In Financing Activities Net cash provided by financing activities Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect Net increase in cash, cash equivalents, restricted cash and cash equivalents Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents cash, cash equivalents, restricted cash and cash equivalents, end of the period cash, cash equivalents, restricted cash and cash equivalents, beginning of the period cash, cash equivalents, restricted cash and cash equivalents Non-Cash Financing Activities [Abstract] Non-Cash Financing Activities [Abstract] Non-cash financing activities: Common Stock Issued in exchange of 2019 Notes Convertible senior notes, amount converted Nature of Business [Abstract] Nature of Operations [Text Block] Nature of Business Summary of Significant Accounting Policies [Abstract] Significant Accounting Policies [Text Block] Summary of Significant Accounting Policies Net Income (Loss) Per Share [Abstract] Earnings Per Share [Text Block] Net Income (Loss) Per Share Goodwill and Intangible Assets [Abstract] Goodwill and Intangible Assets Disclosure [Text Block] Goodwill and Intangible Assets Segment Reporting [Abstract] Segment Reporting Disclosure [Text Block] Segment Reporting Fair Value Measurement of Assets and Liabilities [Abstract] Fair Value Disclosures [Text Block] Fair Value Measurement of Assets and Liabilities Commitments and Contingencies [Abstract] Commitments and Contingencies Disclosure [Text Block] Commitments and Contingencies Long Term Retention Plan [Abstract] Schedule of Defined Benefit Plans Disclosures [Table Text Block] Long Term Retention Plan Convertible Senior Notes [Abstract] Debt Disclosure [Text Block] Convertible Senior Notes Equity Offerings [Abstract] Stockholders' Equity Note Disclosure [Text Block] Equity Offerings Securitization Transactions [Abstract] Securitization Transactions [Abstract] Securitization Transactions Disclosure [Text Block] Securitization Transactions Disclosure [Text Block] Securitization Transactions Leases [Abstract] Leases of Lessee Disclosure [Text Block] Leases Basis of Accounting, Policy [Policy Text Block] Basis of Presentation Cash And Cash Equivalents Policy [Text Block] Cash and Cash Equivalents Revenue from Contract with Customer [Policy Text Block] Revenue Recognition Lessee, Leases [Policy Text Block] Leases EX-101.PRE 13 meli-20190331_pre.xml EX-101.PRE XML 14 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2019	May 01, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	MELI
Entity Registrant Name	MERCADOLIBRE INC
Entity Central Index Key	0001099590
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		49,318,513

XML 15 R2.htm IDEA: XBRL DOCUMENT

Interim Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 1,295,886	$ 440,332
Restricted cash and cash equivalents	10,375	24,363
Short-term investments (238,029 and 284,317 held in guarantee)	1,648,457	461,541
Accounts receivable, net	34,524	35,153
Credit cards receivable, net	308,468	360,298
Loans receivable, net	134,640	95,778
Prepaid expenses	24,132	27,477
Inventory	3,003	4,612
Other assets	60,968	61,569
Total current assets	3,520,453	1,511,123
Non-current assets:
Long-term investments	275,432	276,136
Property and equipment, net	188,956	165,614
Operating lease right-of-use assets	153,499
Goodwill	89,827	88,883
Intangible assets, net	17,683	18,581
Deferred tax assets	160,846	141,438
Other assets	41,464	37,744
Total non-current assets	927,707	728,396
Total assets	4,448,160	2,239,519
Current liabilities:
Accounts payable and accrued expenses	246,767	266,759
Funds payable to customers	680,746	640,954
Salaries and social security payable	76,123	60,406
Taxes payable	34,414	31,058
Loans payable and other financial liabilities	141,162	132,949
Operating lease liabilities	12,585
Other liabilities	56,418	34,098
Total current liabilities	1,248,215	1,166,224
Non-current liabilities:
Salaries and social security payable	31,827	23,161
Loans payable and other financial liabilities	602,061	602,228
Operating lease liabilities	143,047
Deferred tax liabilities	97,006	91,698
Other liabilities	13,258	19,508
Total non-current liabilities	887,199	736,595
Total liabilities	2,135,414	1,902,819
Redeemable convertible preferred stock, $0.001 par value, 40,000,000 shares authorized, 100,000 shares issued and outstanding at March 31, 2019 (Note 10)	98,688
Equity
Common stock, $0.001 par value, 110,000,000 shares authorized, 49,318,498 and 45,202,859 shares issued and outstanding at March 31, 2019 and December 31, 2018	49	45
Additional paid-in capital	2,097,142	224,800
Retained earnings	509,455	503,432
Accumulated other comprehensive loss	(392,588)	(391,577)
Total Equity	2,214,058	336,700
Total Liabilities, Redeemable convertible preferred stock and Equity	$ 4,448,160	$ 2,239,519

XML 16 R3.htm IDEA: XBRL DOCUMENT

Interim Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Interim Condensed Consolidated Balance Sheets [Abstract]
Held in guarantee	$ 238,029	$ 284,317
Redeemable convertible preferred stock, Par Value	$ 0.001	$ 0.001
Redeemable convertible preferred stock, Shares Authorized	40,000,000	40,000,000
Redeemable convertible preferred stock, Shares Issued	100,000
Redeemable convertible preferred stock, Shares Outstanding	100,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	110,000,000	110,000,000
Common stock, shares issued	49,318,498	45,202,859
Common stock, shares outstanding	49,318,498	45,202,859

XML 17 R4.htm IDEA: XBRL DOCUMENT

Interim Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interim Condensed Consolidated Statements of Income [Abstract]
Net revenues	$ 473,770	$ 320,976
Cost of net revenues	(236,766)	(158,218)
Gross profit	237,004	162,758
Operating expenses:
Product and technology development	(52,369)	(38,396)
Sales and marketing	(130,676)	(110,723)
General and administrative	(43,820)	(43,058)
Total operating expenses	(226,865)	(192,177)
Income (loss) from operations	10,139	(29,419)
Other income (expenses):
Interest income and other financial gains	24,444	9,195
Interest expense and other financial losses	(15,559)	(10,734)
Foreign currency (losses) gains	(3,669)	5,601
Net income (loss) before income tax expense (gain)	15,355	(25,357)
Income tax (expense) gain	(3,491)	12,438
Net income (loss)	$ 11,864	$ (12,919)
Basic EPS: Basic net income (loss)
Available to shareholders per common share	$ 0.13	$ (0.29)
Weighted average of outstanding common shares	45,980,255	44,157,364
Diluted EPS: Diluted net income (loss)
Available to shareholders per common share	$ 0.13	$ (0.29)
Weighted average of outstanding common shares	45,980,255	44,157,364

XML 18 R5.htm IDEA: XBRL DOCUMENT

Interim Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interim Condensed Consolidated Statements of Comprehensive Income [Abstract]
Net income (loss)	$ 11,864	$ (12,919)
Other comprehensive income (loss), net of income tax:
Currency translation adjustment	(294)	(15,573)
Unrealized net gains (losses) on available for sale investments	2,012	(24)
Less: Reclassification adjustment for gains from accumulated other comprehensive income	2,729	796
Net change in accumulated other comprehensive loss, net of income tax	(1,011)	(16,393)
Total Comprehensive income (loss)	$ 10,853	$ (29,312)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

XML 19 R6.htm IDEA: XBRL DOCUMENT

Interim Condensed Consolidated Statement of Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Beginning Balance at Dec. 31, 2017	$ 44	$ 70,661	$ 537,925	$ (282,851)	$ 325,779
Beginning Balance (in shares) at Dec. 31, 2017	44,157
Capped Call		(45,692)			(45,692)
Changes in accounting Standards			2,092		2,092
Net income (loss)			(12,919)		(12,919)
Other comprehensive loss				(16,393)	(16,393)
Ending Balance at Mar. 31, 2018	$ 44	24,969	527,098	(299,244)	252,867
Ending Balance (in shares) at Mar. 31, 2018	44,157
Beginning Balance at Dec. 31, 2018	$ 45	224,800	503,432	(391,577)	336,700
Beginning Balance (in shares) at Dec. 31, 2018	45,203
Common Stock issued	$ 4	1,866,496			1,866,500
Common Stock issued (in shares)	4,116
Exercise of convertible notes		2			2
Unwind Capped Call		3			3
Net income (loss)			11,864		11,864
Amortization of Preferred Stock discount		5,841	(5,841)
Other comprehensive loss				(1,011)	(1,011)
Ending Balance at Mar. 31, 2019	$ 49	$ 2,097,142	$ 509,455	$ (392,588)	$ 2,214,058
Ending Balance (in shares) at Mar. 31, 2019	49,319

XML 20 R7.htm IDEA: XBRL DOCUMENT

Interim Condensed Consolidated Statements of Cash Flow - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operations:
Net income (loss)	$ 11,864	$ (12,919)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Unrealized devaluation loss, net	1,886
Depreciation and amortization	15,694	11,084
Accrued interest	(8,699)	(4,447)
Non cash interest and convertible notes amortization of debt discount and amortization of debt issuance costs	3,018	7,063
LTRP accrued compensation	13,441	15,737
Deferred income taxes	(14,456)	(30,601)
Changes in assets and liabilities:
Accounts receivable	337	(9,347)
Credit card receivables	35,893	(33,870)
Prepaid expenses	3,316	(16,164)
Inventory	1,652	(872)
Other assets	(5,085)	(13,009)
Accounts payable and accrued expenses	(491)	22,773
Funds payable to customers	63,730	20,613
Other liabilities	12,735	3,041
Interest received from investments	3,536	3,912
Net cash provided by (used in) operating activities	138,371	(37,006)
Cash flows from investing activities:
Purchase of investments	(1,624,226)	(632,734)
Proceeds from sale and maturity of investments	439,712	683,909
Purchases of intangible assets	(34)	(97)
Advance for property and equipment		(3,390)
Changes in principal of loans receivable, net	(42,609)	(52,243)
Purchases of property and equipment	(32,928)	(19,542)
Net cash used in investing activities	(1,260,085)	(24,097)
Cash flows from financing activities:
Purchase of convertible note capped call		(45,692)
Proceeds from loans payable and other financial liabilities	33,977	80,925
Payments on loans payable and other financing liabilities	(23,816)	(4,583)
Payment of finance lease obligations	(662)
Dividends paid		(6,624)
Proceeds from issuance of convertible redeemable preferred stock	98,688
Proceeds from issuance of common stock	1,866,500
Net cash provided by financing activities	1,974,687	24,026
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents	(11,407)	(772)
Net increase in cash, cash equivalents, restricted cash and cash equivalents	841,566	(37,849)
cash, cash equivalents, restricted cash and cash equivalents, beginning of the period	464,695	388,260
cash, cash equivalents, restricted cash and cash equivalents, end of the period	$ 1,306,261	$ 350,411

XML 21 R8.htm IDEA: XBRL DOCUMENT

Nature of Business	3 Months Ended
Nature of Business	Mar. 31, 2019
Nature of Business [Abstract]
Nature of Business	1. Nature of Business MercadoLibre, Inc. (“MercadoLibre” or the “Company”) was incorporated in the state of Delaware, in the United States of America in October 1999. MercadoLibre is the largest online commerce ecosystem in Latin America, serving as an integrated regional platform and as a provider of the necessary online and technology-based tools that allow businesses and individuals to trade products and services in the region. The Company enables commerce through its marketplace platform (including online classifieds for motor vehicles, vessels, aircraft, services and real estate), which allows users to buy and sell in most of Latin America. Through Mercado Pago, the Company’s FinTech solution, MercadoLibre enables individuals and businesses to send and receive online payments; through Mercado Envios, MercadoLibre facilitates the shipping of goods from sellers to buyers; through our advertising products, MercadoLibre facilitates advertising services for large retailers and brands to promote their product and services on the web; through MercadoShops, MercadoLibre allows users to set-up, manage, and promote their own on-line web-stores under a subscription-based business model; through MercadoCredito, MercadoLibre extends loans to certain merchants and consumers; and through MercadoFondo, MercadoLibre allows users to invest funds deposited in their Mercado Pago accounts. In addition, MercadoLibre develops and sells software enterprise solutions to e-commerce business clients in Brazil. As of March 31, 2019, MercadoLibre, through its wholly-owned subsidiaries, operated online ecommerce platforms directed towards Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Peru, Mexico, Panama, Honduras, Nicaragua, El Salvador, Uruguay, Bolivia, Guatemala, Paraguay and Venezuela. Additionally, MercadoLibre operates an online payments solution in Argentina, Brazil, Mexico, Colombia, Chile, Peru and Uruguay. It also offers a shipping solution directed towards Argentina, Brazil, Mexico, Colombia, Chile and Uruguay. In addition, the Company operates a real estate classified platform that covers some areas of State of Florida, in the United States of America.

XML 22 R9.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2019

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of significant accounting policies

Basis of presentation

Cash and cash equivalents

Revenue recognition

Contract Balances

Leases

Foreign currency translation

Argentine currency status

Income tax

Redeemable Convertible Preferred Stock

In addition, the Company determined that there were no embedded derivatives requiring bifurcation.

Fair value option applied to certain financial instruments

Accumulated other comprehensive loss

The following table sets forth the Company’s accumulated other comprehensive loss as of March 31, 2019 and December 31, 2018:


	March 31,	December 31,
	2019	2018
	(In thousands)
Accumulated other comprehensive loss:
Foreign currency translation	$ (394,600)	$ (394,306)
Unrealized gains on investments	2,025	3,345
Estimated tax loss on unrealized gains on investments	(13)	(616)
	$ (392,588)	$ (391,577)

The following tables summarize the changes in accumulated balances of other comprehensive loss for the three-month period ended March 31, 2019:



	Unrealized	Foreign	Estimated tax
	(Losses) Gains on	Currency	(expense)
	Investments	Translation	benefit	Total
	(In thousands)
Balances as of December 31, 2018	$ 3,345	$ (394,306)	$ (616)	$ (391,577)
Other comprehensive income (loss) before reclassifications	2,025	(294)	(13)	1,718
Amount of loss (gain) reclassified from accumulated other comprehensive loss	(3,345)	—	616	(2,729)
Net current period other comprehensive income (loss)	(1,320)	(294)	603	(1,011)
Ending balance	$ 2,025	$ (394,600)	$ (13)	$ (392,588)



	Amount of (Loss) Gain
	Reclassified from
Details about Accumulated	Accumulated Other
Other Comprehensive Loss	Comprehensive	Affected Line Item
Components	Loss	in the Statement of Income
	(In thousands)
Unrealized gains on investments	$ 3,345	Interest income and other financial gains
Estimated tax gain on unrealized losses on investments	(616)	Income tax loss
Total reclassifications for the period	$ 2,729	Total, net of income taxes

Use of estimates

Recently Adopted Accounting Standards

Recently issued accounting pronouncements not yet adopted

XML 23 R10.htm IDEA: XBRL DOCUMENT

Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2019

Net Income (Loss) Per Share [Abstract]

Net Income (Loss) Per Share

3. Net income (loss) per share

Net income (loss) per share of common stock is as follows for the three-month periods ended March 31, 2019 and 2018:


	Three Months Ended March 2019,
	2019		2018
	(In thousands)
	Basic	Diluted	Basic	Diluted
Net income (loss) per common share	$ 0.13	$ 0.13	$ (0.29)	$ (0.29)

Numerator:
Net income (loss)	$ 11,864	$ 11,864	$ (12,919)	$ (12,919)
Amortization of redeemable convertible preferred stock	(5,841)	(5,841)	—	—
Net income (loss) corresponding to common stock	$ 6,023	$ 6,023	$ (12,919)	$ (12,919)

Denominator:
Weighted average of common stock outstanding for Basic earnings per share	45,980,255	—	44,157,364	—
Adjusted weighted average of common stock outstanding for Diluted earnings per share	—	45,980,255	—	44,157,364

XML 24 R11.htm IDEA: XBRL DOCUMENT

Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

4. Goodwill and intangible assets

The composition of goodwill and intangible assets is as follows:


	March 31,	December 31,
	2019	2018
	(In thousands)
Goodwill	$ 89,827	$ 88,883
Intangible assets with indefinite lives
- Trademarks	8,733	8,584
Amortizable intangible assets
- Licenses and others	5,445	5,406
- Non-compete agreement	2,786	3,028
- Customer list	14,844	14,897
- Trademarks	4,676	4,565
Total intangible assets	$ 36,484	$ 36,480
Accumulated amortization	(18,801)	(17,899)
Total intangible assets, net	$ 17,683	$ 18,581

Goodwill

The changes in the carrying amount of goodwill for the three-month period ended March 31, 2019 and the year ended December 31, 2018 are as follows:


	Period ended March 31, 2019
	Brazil	Argentina	Mexico	Chile	Colombia	Other Countries	Total
	(In thousands)
Balance, beginning of the period	$ 30,069	$ 6,946	$ 31,340	$ 16,014	$ 3,339	$ 1,175	$ 88,883
Purchase price allocation adjustments	—	45	—	—	—	—	45
Effect of exchange rates changes	(145)	—	567	392	76	9	899
Balance, end of the period	$ 29,924	$ 6,991	$ 31,907	$ 16,406	$ 3,415	$ 1,184	$ 89,827



	Year ended December 31, 2018
	Brazil	Argentina	Mexico	Chile	Colombia	Other Countries	Total
	(In thousands)
Balance, beginning of the year	$ 32,492	$ 5,761	$ 30,396	$ 18,805	$ 3,632	$ 1,193	$ 92,279
- Business acquisitions	3,110	3,175	543	61	80	53	7,022
- Effect of exchange rates changes	(5,533)	(1,990)	401	(2,852)	(373)	(71)	(10,418)
Balance, end of the year	$ 30,069	$ 6,946	$ 31,340	$ 16,014	$ 3,339	$ 1,175	$ 88,883

Intangible assets with definite useful life

The following table summarizes the remaining amortization of intangible assets (in thousands of U.S. dollars) with definite useful life as of March 31, 2019:


For year ended 12/31/2019						$ 2,720
For year ended 12/31/2020						2,383
For year ended 12/31/2021						1,815
For year ended 12/31/2022						1,083
Thereafter						949
						$ 8,950

XML 25 R12.htm IDEA: XBRL DOCUMENT

Segment Reporting

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Segment Reporting

5. Segment reporting

The following tables summarize the financial performance of the Company’s reporting segments:


	Three Months Ended March 31, 2019
	Brazil	Argentina	Mexico	Other Countries	Total
	(In thousands)
Net revenues	$ 302,384	$ 93,776	$ 54,561	$ 23,049	$ 473,770
Direct costs	(225,343)	(67,492)	(65,585)	(20,447)	(378,867)
Direct contribution	77,041	26,284	(11,024)	2,602	94,903

Operating expenses and indirect costs of net revenues					(84,764)
Income from operations					10,139

Other income (expenses):
Interest income and other financial gains					24,444
Interest expense and other financial losses					(15,559)
Foreign currency losses					(3,669)
Net income before income tax expense					$ 15,355



	Three Months Ended March 31, 2018
	Brazil	Argentina	Mexico	Other Countries	Total
	(In thousands)
Net revenues	$ 184,155	$ 101,939	$ 17,065	$ 17,817	$ 320,976
Direct costs	(176,980)	(57,295)	(26,323)	(17,272)	(277,870)
Direct contribution	7,175	44,644	(9,258)	545	43,106

Operating expenses and indirect costs of net revenues					(72,525)
Loss from operations					(29,419)

Other income (expenses):
Interest income and other financial gains					9,195
Interest expense and other financial losses					(10,734)
Foreign currency gains					5,601
Net loss before income tax gains					$ (25,357)

The following table summarizes the allocation of property and equipment, net based on geography:


	March 31,	December 31,
	2019	2018
	(In thousands)
US property and equipment, net	$ 2,313	$ 2,959
Other countries
Argentina	74,070	58,358
Brazil	83,717	78,227
Mexico	19,372	16,497
Other countries	9,484	9,573
	$ 186,643	$ 162,655
Total property and equipment, net	$ 188,956	$ 165,614

The following table summarizes the allocation of the goodwill and intangible assets based on geography:


	March 31,	December 31,
	2019	2018
	(In thousands)
US intangible assets	$ 33	$ 46
Other countries goodwill and intangible assets
Argentina	8,607	9,050
Brazil	31,746	32,955
Mexico	36,222	35,993
Chile	25,678	24,638
Other countries	5,224	4,782
	$ 107,477	$ 107,418
Total goodwill and intangible assets	$ 107,510	$ 107,464

Consolidated net revenues by similar products and services for the three-month periods ended March 31, 2019 and 2018 were as follows:


	Three months Ended March 31,

Consolidated Net Revenues	2019	2018
	(In thousands)
Enhanced Marketplace (*)	$ 253,035	$ 140,695
Non-marketplace () (*)	220,735	180,281
Total	$ 473,770	$ 320,976

(*) Includes Final Value Fees and Shipping fees.

(**) Includes, among other things, Ad Sales, Classified Fees, Payment Fees and other ancillary services.

(***) Includes $186,965 thousands and $144,763 thousands of Payment Fees for the three-month periods ended March 31, 2019 and 2018, respectively.

XML 26 R13.htm IDEA: XBRL DOCUMENT

Fair Value Measurement of Assets and Liabilities

3 Months Ended

Mar. 31, 2019

Fair Value Measurement of Assets and Liabilities [Abstract]

Fair Value Measurement of Assets and Liabilities

6. Fair value measurement of assets and liabilities

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018:


		Quoted Prices in				Quoted Prices in
	Balances as of	active markets for	Significant other	Unobservable	Balances as of	active markets for	Significant other	Unobservable
	March 31,	identical Assets	observable inputs	inputs	December 31,	identical Assets	observable inputs	inputs
Description	2019	(Level 1)	(Level 2)	(Level 3)	2018	(Level 1)	(Level 2)	(Level 3)
	(In thousands)
Assets
Cash and Cash Equivalents:
Money Market Funds	$ 239,269	$ 239,269	$ —	$ —	$ 179,252	$ 179,252	$ —	$ —
Restricted Cash and cash equivalents:
Money Market Funds	9,556	9,556	—		24,363	24,363	—	—
Investments:
Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee)	238,029	238,029	—	—	284,317	284,317	—	—
Sovereign Debt Securities	1,344,778	1,344,778	—	—	429,602	429,602	—	—
Corporate Debt Securities	255	245	10	—	262	237	25	—
Total Financial Assets	$ 1,831,887	$ 1,831,877	$ 10	$ —	$ 917,796	$ 917,771	$ 25	$ —
Liabilities:
Contingent considerations	$ 2,170	$ —	$ —	$ 2,170	$ 2,097	$ —	$ —	$ 2,097
Long-term retention plan	53,422	—	53,422	—	42,625	—	42,625	—
Total Financial Liabilities	$ 55,592	$ —	$ 53,422	$ 2,170	$ 44,722	$ —	$ 42,625	$ 2,097

The following table summarizes the fair value level for those financial assets and liabilities of the Company measured at amortized cost as of March 31, 2019 and December 31, 2018:



	Balances as of	Significant other	Balances as of	Significant other
	March 31,	observable inputs	December 31,	observable inputs
	2019	(Level 2)	2018	(Level 2)
	(In thousands)
Assets
Time Deposits	$ 337,637	$ 337,637	$ 20,056	$ 20,056
Accounts receivable	34,524	34,524	35,153	35,153
Credit Cards receivable	308,468	308,468	360,298	360,298
Loans receivable, net	134,640	134,640	95,778	95,778
Other assets	105,622	105,622	102,753	102,753
Total Assets	$ 920,891	$ 920,891	$ 614,038	$ 614,038
Liabilities
Accounts payable and accrued expenses	$ 246,767	$ 246,767	$ 266,759	$ 266,759
Funds payable to customers	680,746	680,746	640,954	640,954
Salaries and social security payable	54,528	54,528	40,942	40,942
Taxes payable	34,414	34,414	31,058	31,058
Operating lease liabilities	155,632	155,632	—	—
Loans payable and other financial liabilities (*)	743,223	784,182	735,177	735,177
Other liabilities	67,506	67,506	51,509	51,509
Total Liabilities	$ 1,982,816	$ 2,023,775	$ 1,766,399	$ 1,766,399

(*) The fair value of the 2019 Notes and the 2028 Notes (including the equity component) are disclosed in Note 9.

As of March 31, 2019 and December 31, 2018, the Company held no direct investments in auction rate securities and does not have any non-financial assets or liabilities measured at fair value.

As of March 31, 2019 and December 31, 2018, the fair value of money market funds, short and long-term investments classified as available for sale securities are as follows:



	March 31, 2019
	Cost	Gross Unrealized Gains (1)	Gross Unrealized Losses (1)	Financial Gains	Estimated Fair Value

	(In thousands)
Cash and cash equivalents
Money Market Funds	$ 239,269	$ —	$ —	$ —	$ 239,269
Total Cash and cash equivalents	$ 239,269	$ —	$ —	$ —	$ 239,269

Restricted cash and cash equivalents
Money Market Funds	$ 9,556	$ —	$ —	$ —	$ 9,556
Total Restricted cash and cash equivalents	$ 9,556	$ —	$ —	$ —	$ 9,556

Short-term investments
Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee) (*)	$ 236,309	$ —	$ —	$ 1,720	$ 238,029
Sovereign Debt Securities (**)	1,071,309	98	—	1,327	1,072,734
Corporate Debt Securities	57	—	—	—	57
Total Short-term investments	$ 1,307,675	$ 98	$ —	$ 3,047	$ 1,310,820

Long-term investments
Sovereign Debt Securities	$ 270,206	$ 1,837	$ —	$ 1	$ 272,044
Corporate Debt Securities	197	2	(1)	—	198
Total Long-term investments	$ 270,403	$ 1,839	$ (1)	$ 1	$ 272,242


Total	$ 1,826,903	$ 1,937	$ (1)	$ 3,048	$ 1,831,887

(*) Brazilian government bonds measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 – Investments fair value option)


	December 31, 2018
	Cost	Gross Unrealized Gains (1)	Gross Unrealized Losses (1)	Estimated Fair Value

	(In thousands)
Cash and cash equivalents
Money Market Funds	$ 179,252	$ —	$ —	$ 179,252
Total Cash and cash equivalents	$ 179,252	$ —	$ —	$ 179,252

Restricted Cash and cash equivalents
Money Market Funds	$ 24,363	$ —	$ —	$ 24,363
Total Restricted Cash and cash equivalents	$ 24,363	$ —	$ —	$ 24,363

Short-term investments
Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee)	$ 282,752	$ 1,565	$ —	$ 284,317
Sovereign Debt Securities	156,910	237	—	157,147
Corporate Debt Securities	21	—	—	21
Total Short-term investments	$ 439,683	$ 1,802	$ —	$ 441,485

Long-term investments
Sovereign Debt Securities	$ 271,024	$ 1,431	$ —	$ 272,455
Corporate Debt Securities	244	—	(3)	241
Total Long-term investments	$ 271,268	$ 1,431	$ (3)	$ 272,696

Total	$ 914,566	$ 3,233	$ (3)	$ 917,796

(1)

The material portion of the Sovereign Debt Securities consists of U.S. Treasury Notes, which carry no significant risk.

Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee)

As of March 31, 2019, the estimated fair values (in thousands of U.S. dollars) of money market funds and short-term and long-term investments classified by their effective maturities are as follows:


One year or less		1,559,645
One year to two years		272,020
Two years to three years		133
Three years to four years		43
Four years to five years		46
Total		$ 1,831,887

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

XML 27 R14.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2019
Commitments and Contingencies [Abstract]
Commitments and Contingencies	7. Commitments and Contingencies Litigation and Other Legal Matters The Company is subject to certain contingent liabilities with respect to existing or potential claims, lawsuits and other proceedings. The Company accrues liabilities when it considers probable that future costs will be incurred and such costs can be reasonably estimated. Proceeding-related liabilities are based on developments to date and historical information related to actions filed against the Company. As of March 31, 2019, the Company had accounted for estimated liabilities involving proceeding-related contingencies and other estimated contingencies of $4,782 thousands to cover legal actions against the Company in which its Management has assessed the likelihood of a final adverse outcome as probable. Expected legal costs related to litigations are accrued when the legal service is actually provided. In addition, as of March 31, 2019 the Company and its subsidiaries are subject to certain legal actions considered by the Company’s Management and its legal counsels to be reasonably possible for an estimated aggregate amount up to $12,561 thousands. No loss amounts have been accrued for such reasonably possible legal actions. Other third parties have from time to time claimed, and others may claim in the future, that the Company was responsible for fraud committed against them, or that the Company has infringed their intellectual property rights. The underlying laws with respect to the potential liability of online intermediaries like the Company are unclear in the jurisdictions where the Company operates. Management believes that additional lawsuits alleging that the Company has violated copyright or trademark laws will be filed against the Company in the future. Intellectual property and regulatory claims, whether meritorious or not, are time consuming and costly to resolve, require significant amounts of management time, could require expensive changes in the Company’s methods of doing business, or could require the Company to enter into costly royalty or licensing agreements. The Company may be subject to patent disputes, and be subject to patent infringement claims as the Company’s services expand in scope and complexity. In particular, the Company may face additional patent infringement claims involving various aspects of the payments businesses. From time to time, the Company is involved in other disputes or regulatory inquiries that arise in the ordinary course of business. The number and significance of these disputes and inquiries are increasing as the Company’s business expands and the Company grows larger. Buyer protection program The Company provides consumers with a buyer protection program (“BPP”) for all transactions completed through the Company’s online payment solution (“Mercado Pago”). This program is designed to protect buyers in the Marketplace from losses due primarily to fraud or counterparty non-performance. The Company’s BPP provides protection to consumers by reimbursing them for the total value of a purchased item and the value of any shipping service paid if it does not arrive or does not match the seller’s description. The Company is entitled to recover from the third-party carrier companies performing the shipping service certain amounts paid under the BPP. Furthermore, in some specific circumstances (i.e. Black Friday, Hot Sale), the Company enters into insurance contracts with third-party insurance companies in order to cover contingencies that may arise from the BPP. The maximum potential exposure under this program is estimated to be the volume of payments on the Marketplace, for which claims may be made under the terms and conditions of the Company’s BPP. Based on historical losses to date, the Company does not believe that the maximum potential exposure is representative of the actual potential exposure. The Company records a liability with respect to losses under this program when they are probable and the amount can be reasonably estimated. As of March 31, 2019 and December 31, 2018, Management’s estimate of the maximum potential exposure related to the Company’s buyer protection program is $993,500 thousands and $988,664 thousands, respectively, for which the Company recorded an allowance of $4,670 thousands and $4,146 thousands, respectively. Loans payable and other financial liabilities During the last quarter of 2018, the Company, through its Chilean subsidiary, obtained two lines of credit from Scotiabank Chile denominated in Chilean Pesos, to be applied to working capital needs. As of March 31, 2019, the amount outstanding under these lines of credit is $4,424 thousands and $2,949 thousands with maturity in April 2019 (renewed upon maturity) and both bear interest at a fixed rate of 3.72%. In addition, the Chilean subsidiary, obtained two lines of credit from Banco de Chile denominated in Chilean pesos, to be applied to working capital needs. As of March 31, 2019, the amount outstanding under these lines of credit is $8,869 thousands and $7,376 thousands with maturity in April 2019 (renewed upon maturity) and both bear interest at a fixed rate of 3.60% per annum. Lastly, the Chilean subsidiary obtained an unsecured line of credit from Banco de Chile denominated in local currency for an amount of $1,494 thousands which bears interest at a fixed rate of 3.65% per annum. During the first quarter of 2019, the Company, through its Argentine subsidiary obtained two lines of credit from Citibank, N.A, denominated in local currency, to be applied to working capital needs. As of March 31, 2019, the amount outstanding under these lines of credit is $12,066 thousands and $12,053 thousands with maturity in April 2019 and bears interest at a fixed rate of 37.75% and 40.50% per annum, respectively. These lines of credit were fully paid off upon maturity. In addition, the Argentine subsidiary obtained an unsecured line of credit denominated in local currency for an amount of $3,121 thousands which bears interest at a fixed rate of 55.50% per annum. This line of credit was fully paid off as of May 3, 2019. As of March 31, 2019 the Company, through its Mexican subsidiary, had three finance leases contracts related to facilities for its fulfillment center. The outstanding amount is $5,458 thousands which bears interest at a fixed rate of 6.39% per annum with maturity within the next 5.25 years, $1,089 thousands which bears interest at a fixed rate of 9.00% per annum with maturity within the next 4.0 years and $177 thousands which bears interest at a fixed rate of 9.90% per annum with maturity within the next year. During the first quarter of 2019, the Company, through its Uruguayan subsidiary obtained a line of credit from Citibank, N.A, denominated in local currency, to be applied to working capital needs. As of March 31, 2019, the amount outstanding under this line of credit is $898 thousands with maturity in April, 2019 and bears interest at a fixed rate of 9.11% per annum. In addition, the Uruguayan subsidiary obtained an unsecured line of credit denominated in local currency for an amount of $10,195 thousands which bears interest at a fixed rate of 9.11% per annum. See Notes 9 and 11 to these interim condensed consolidated financial statements for details regarding the Company’s 2019 Notes and 2028 Notes and collateralized debt securitization transactions, respectively.

XML 28 R15.htm IDEA: XBRL DOCUMENT

Long Term Retention Plan

3 Months Ended

Mar. 31, 2019

Long Term Retention Plan [Abstract]

Long Term Retention Plan

8. Long term retention plan (“LTRP”)


		Three Months Ended March 31,
		2019		2018
		(In thousands)
LTRP 2010		—		53
LTRP 2011		55		663
LTRP 2012		559		1,125
LTRP 2013		193		1,749
LTRP 2014		1,220		2,084
LTRP 2015		1,982		2,815
LTRP 2016		3,038		3,908
LTRP 2017		2,813		3,340
LTRP 2018		1,455		—
LTRP 2019		2,126		—
Total LTRP	$	13,441	$	15,737

XML 29 R16.htm IDEA: XBRL DOCUMENT

Convertible Senior Notes

3 Months Ended

Mar. 31, 2019

Convertible Senior Notes [Abstract]

Convertible Senior Notes

9. Convertible Senior Notes

2.00% Convertible Senior Notes Due 2028

The following table presents the carrying amounts of the liability and equity components related to the 2028 Notes as of March 31, 2019:


	March 31, 2019		December 31, 2018
	(In thousands)
Amount of the equity component (1)	$	327,305	$	327,305

2.00% Convertible Senior Notes due 2028	$	880,000	$	880,000
Unamortized debt discount (2)		(319,466)		(325,783)
Unamortized transaction costs related to the debt component		(9,837)		(9,958)
Contractual coupon interest accrual		10,609		5,867
Contractual coupon interest payment		(8,360)		—
Net carrying amount	$	552,946	$	550,126

(1)

Net of $6,163 thousands of transaction costs related to the equity component of the 2028 Notes.

(2)

As of March 31, 2019, the remaining period over which the unamortized debt discount will be amortized is 9.5 years.

The following table presents the interest expense for the contractual interest, the accretion of debt discount and the amortization of debt issuance costs:


	Three month periods ended March 31,
	2019
	(In thousands)
Contractual coupon interest expense	$	4,742
Amortization of debt discount		6,317
Amortization of debt issuance costs		121
Total interest expense related to the 2028 Notes	$	11,180

2.25% Convertible Senior Notes Due 2019

From April 1, 2019 to the date of issuance of these interim condensed consolidated financial statements, additional conversion requests for 2 Notes were made.

The following table presents the carrying amounts of the liability and equity components related to the 2019 Notes as of March 31, 2019 and December 31, 2018:


	March 31, 2019		December 31, 2018
	(In thousands)
Amount of the equity component (1)	$	9,196	$	9,196

2.25% Convertible Senior Notes due 2019	$	65,985	$	65,987
Unamortized debt discount (2)		(532)		(1,063)
Unamortized transaction costs related to the debt component		(88)		(176)
Contractual coupon interest accrual		373		5,447
Contractual coupon interest payment		—		(5,447)
Net carrying amount	$	65,738	$	64,748

(1)

Net of $236 thousands of transaction costs related to the equity component of the 2019 Notes.

(2)

As of March 31, 2019, the remaining period over which the unamortized debt discount will be amortized is 0.25 years.

The following table presents the interest expense for the contractual interest, the accretion of debt discount and the amortization of debt issuance costs:


	Three month periods ended March 31,
	2019		2018

	(In thousands)		(In thousands)
Contractual coupon interest expense	$	373	$	1,856
Amortization of debt discount		531		2,508
Amortization of debt issuance costs		88		399
Total interest expense related to the 2019 Notes	$	992	$	4,763

XML 30 R17.htm IDEA: XBRL DOCUMENT

Equity Offerings	3 Months Ended
Equity Offerings	Mar. 31, 2019
Equity Offerings [Abstract]
Equity Offerings	10. Equity Offerings On March 15, 2019, the Company closed a public equity offering of approximately $1,150,000 thousands of common stock at a public offering price of $480 per share (the “Offering”). Pursuant to the Offering, the Company issued 2,395,834 shares of common stock, par value $0.001 per share (the “Common Stock”) which includes the exercise in full of the underwriters’ option to purchase $150 million of additional shares of common stock. In addition, on March 15, 2019 the Company closed its $750,000 thousands concurrent private placement of common stock to PayPal, Inc (“PayPal”). PayPal purchased 1,719,790 shares of Common Stock at a price of $436.10 per share. On March 29, 2019, in a separate private placement, an affiliate of Dragoneer Investment Group purchased 100,000 shares of perpetual convertible preferred stock designated as Series A Perpetual Preferred Stock, par value $0.001 per share of the Company for $100,000 thousands in the aggregate. The Preferred Stock is a class of equity security that ranks senior to the Common Stock with respect to dividend rights or rights upon liquidation. Each share of Preferred Stock has a stated value of $1,000, is entitled to a cash dividend of 4% per annum, and is convertible into shares of the Company’s Common Stock at an initial conversion price of $479.71 (subject to adjustment). The Company may require the conversion of any or all of the Preferred Stock beginning on March 29, 2023 if certain conditions set forth in the Certificate of Designation are met. The Company may redeem any or all of the Preferred Stock for cash, shares of its Common Stock or a combination thereof (at its election, subject to certain conditions) at any time beginning on March 29, 2026 for a percentage of the stated value of each share of Preferred Stock, plus any accrued and unpaid dividends at such time. On March 15, 2026, September 15, 2026 and March 15, 2027, the holders of the Preferred Stock shall have the right to redeem all of the outstanding shares of Preferred Stock for cash, shares of the Company’s Common Stock or a combination thereof (at the Company’s election, subject to certain conditions) to be determined by the formula set forth in the Certificate of Designation. Upon the occurrence of a change of control, the holders will have the right to redeem their shares of Preferred Stock for cash at a price set forth in the Certificate of Designation. The holders of the Preferred Stock have the right to vote on matters submitted to a vote of the holders of Common Stock on an as-converted basis unless required by applicable law. In the aggregate, the Company raised funds in the amount of $1,965,188 thousands net of issuance costs paid in the amount of $34,812 thousands.

XML 31 R18.htm IDEA: XBRL DOCUMENT

Securitization Transactions

3 Months Ended

Mar. 31, 2019

Securitization Transactions [Abstract]

Securitization Transactions

11. Securitization Transactions

The process of securitization consists of the issuance of securities collateralized by a pool of assets through a special purpose entity, often under a VIE.

The assets and liabilities of the SPEs are included in the Company’s interim condensed consolidated financial statements as of March 31, 2019 as follows:



	March 31,		December 31,
	2019		2018
Assets		(in thousands)		(in thousands)
Current assets:
Restricted cash and cash equivalents	$	10,375	$	24,363
Loans receivable, net		70,757		51,471
Total current assets		81,132		75,834
Total assets	$	81,132	$	75,834
Liabilities
Current liabilities:
Accounts payable and accrued expenses	$	103	$	113
Loans payable and other financial liabilities		8,089		7,539
Total current liabilities		8,192		7,652
Non-current liabilities:
Loans payable and other financial liabilities		46,180		46,441
Total non-current liabilities		46,180		46,441
Total liabilities	$	54,372	$	54,093

XML 32 R19.htm IDEA: XBRL DOCUMENT

Leases

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Leases

12. Leases

Supplemental balance sheet information related to leases was as follows (in thousands):


		March 31,
		2019
Operating Leases
Operating lease right-of-use assets	$	153,499

Operating lease liabilities	$	155,632

Finance Leases
Property and equipment, at cost		9,119
Accumulated depreciation		(284)
Property and equipment, net	$	8,835

Loans payable and other financial liabilities	$	6,724

The following table summarizes the weighted average remaining lease term and the weighted average incremental borrowing rate for operating and finance leases at March 31, 2019:


Weighted average remaining lease term
Operating leases	9	Years
Finance leases	5	Years


Weighted average discount rate
Operating leases	10.44	%
Finance leases	6.91	%

The components of lease expense were as follows (in thousands):


		March 31,
		2019

Operating lease cost	$	6,477

Finance lease cost:
Depreciation of property and equipment		235
Interest on lease liabilities		152
Total finance lease cost	$	387

Supplemental cash flow information related to leases was as follows (in thousands):


		Three months ended
		March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,124
Financing cash flows from finance leases		662


Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	35,926
Finance leases		177


Year Ending March 31,		Operating Leases		Finance Leases
One year or less	$	26,507	$	1,905
One year to two years		27,364		1,719
Two years to three years		26,469		1,719
Three years to four years		25,383		1,719
Four years to five years		23,826		1,399
Thereafter		112,956		359
Total lease payments	$	242,505	$	8,820
Less imputed interest		(86,873)		(2,096)
Total	$	155,632	$	6,724

XML 33 R20.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2019

Summary of Significant Accounting Policies [Abstract]

Basis of Presentation

Basis of presentation

Cash and Cash Equivalents

Cash and cash equivalents

Revenue Recognition

Revenue recognition

Contract Balances

Leases

Foreign Currency Translation

Foreign currency translation

Argentine currency status

Income Tax

Income tax

Redeemable Convertible Preferred Stock

In addition, the Company determined that there were no embedded derivatives requiring bifurcation.

Fair Value Option Applied to Certain Financial Instruments

Fair value option applied to certain financial instruments

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss

The following table sets forth the Company’s accumulated other comprehensive loss as of March 31, 2019 and December 31, 2018:


	March 31,	December 31,
	2019	2018
	(In thousands)
Accumulated other comprehensive loss:
Foreign currency translation	$ (394,600)	$ (394,306)
Unrealized gains on investments	2,025	3,345
Estimated tax loss on unrealized gains on investments	(13)	(616)
	$ (392,588)	$ (391,577)

The following tables summarize the changes in accumulated balances of other comprehensive loss for the three-month period ended March 31, 2019:



	Unrealized	Foreign	Estimated tax
	(Losses) Gains on	Currency	(expense)
	Investments	Translation	benefit	Total
	(In thousands)
Balances as of December 31, 2018	$ 3,345	$ (394,306)	$ (616)	$ (391,577)
Other comprehensive income (loss) before reclassifications	2,025	(294)	(13)	1,718
Amount of loss (gain) reclassified from accumulated other comprehensive loss	(3,345)	—	616	(2,729)
Net current period other comprehensive income (loss)	(1,320)	(294)	603	(1,011)
Ending balance	$ 2,025	$ (394,600)	$ (13)	$ (392,588)



	Amount of (Loss) Gain
	Reclassified from
Details about Accumulated	Accumulated Other
Other Comprehensive Loss	Comprehensive	Affected Line Item
Components	Loss	in the Statement of Income
	(In thousands)
Unrealized gains on investments	$ 3,345	Interest income and other financial gains
Estimated tax gain on unrealized losses on investments	(616)	Income tax loss
Total reclassifications for the period	$ 2,729	Total, net of income taxes

Use of Estimates

Use of estimates

Recently Adopted Accounting Standards & Accounting Pronouncements Not Yet Adopted

Recently Adopted Accounting Standards

Recently issued accounting pronouncements not yet adopted

XML 34 R21.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Summary of Significant Accounting Policies [Abstract]

Accumulated Other Comprehensive Loss


	March 31,	December 31,
	2019	2018
	(In thousands)
Accumulated other comprehensive loss:
Foreign currency translation	$ (394,600)	$ (394,306)
Unrealized gains on investments	2,025	3,345
Estimated tax loss on unrealized gains on investments	(13)	(616)
	$ (392,588)	$ (391,577)

Summary of Changes in Accumulated Balances of Other Comprehensive Loss



	Unrealized	Foreign	Estimated tax
	(Losses) Gains on	Currency	(expense)
	Investments	Translation	benefit	Total
	(In thousands)
Balances as of December 31, 2018	$ 3,345	$ (394,306)	$ (616)	$ (391,577)
Other comprehensive income (loss) before reclassifications	2,025	(294)	(13)	1,718
Amount of loss (gain) reclassified from accumulated other comprehensive loss	(3,345)	—	616	(2,729)
Net current period other comprehensive income (loss)	(1,320)	(294)	603	(1,011)
Ending balance	$ 2,025	$ (394,600)	$ (13)	$ (392,588)

Reclassifications Out of Accumulated Other Comprehensive Loss



	Amount of (Loss) Gain
	Reclassified from
Details about Accumulated	Accumulated Other
Other Comprehensive Loss	Comprehensive	Affected Line Item
Components	Loss	in the Statement of Income
	(In thousands)
Unrealized gains on investments	$ 3,345	Interest income and other financial gains
Estimated tax gain on unrealized losses on investments	(616)	Income tax loss
Total reclassifications for the period	$ 2,729	Total, net of income taxes

XML 35 R22.htm IDEA: XBRL DOCUMENT

Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Net Income (Loss) Per Share [Abstract]

Net (Loss) Income Per Share of Common Stock


	Three Months Ended March 2019,
	2019		2018
	(In thousands)
	Basic	Diluted	Basic	Diluted
Net income (loss) per common share	$ 0.13	$ 0.13	$ (0.29)	$ (0.29)

Numerator:
Net income (loss)	$ 11,864	$ 11,864	$ (12,919)	$ (12,919)
Amortization of redeemable convertible preferred stock	(5,841)	(5,841)	—	—
Net income (loss) corresponding to common stock	$ 6,023	$ 6,023	$ (12,919)	$ (12,919)

Denominator:
Weighted average of common stock outstanding for Basic earnings per share	45,980,255	—	44,157,364	—
Adjusted weighted average of common stock outstanding for Diluted earnings per share	—	45,980,255	—	44,157,364

XML 36 R23.htm IDEA: XBRL DOCUMENT

Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets [Abstract]

Composition of Goodwill and Intangible Assets


	March 31,	December 31,
	2019	2018
	(In thousands)
Goodwill	$ 89,827	$ 88,883
Intangible assets with indefinite lives
- Trademarks	8,733	8,584
Amortizable intangible assets
- Licenses and others	5,445	5,406
- Non-compete agreement	2,786	3,028
- Customer list	14,844	14,897
- Trademarks	4,676	4,565
Total intangible assets	$ 36,484	$ 36,480
Accumulated amortization	(18,801)	(17,899)
Total intangible assets, net	$ 17,683	$ 18,581

Changes in Carrying Amount of Goodwill


	Period ended March 31, 2019
	Brazil	Argentina	Mexico	Chile	Colombia	Other Countries	Total
	(In thousands)
Balance, beginning of the period	$ 30,069	$ 6,946	$ 31,340	$ 16,014	$ 3,339	$ 1,175	$ 88,883
Purchase price allocation adjustments	—	45	—	—	—	—	45
Effect of exchange rates changes	(145)	—	567	392	76	9	899
Balance, end of the period	$ 29,924	$ 6,991	$ 31,907	$ 16,406	$ 3,415	$ 1,184	$ 89,827



	Year ended December 31, 2018
	Brazil	Argentina	Mexico	Chile	Colombia	Other Countries	Total
	(In thousands)
Balance, beginning of the year	$ 32,492	$ 5,761	$ 30,396	$ 18,805	$ 3,632	$ 1,193	$ 92,279
- Business acquisitions	3,110	3,175	543	61	80	53	7,022
- Effect of exchange rates changes	(5,533)	(1,990)	401	(2,852)	(373)	(71)	(10,418)
Balance, end of the year	$ 30,069	$ 6,946	$ 31,340	$ 16,014	$ 3,339	$ 1,175	$ 88,883

Expected Intangible Asset Amortization Expense


For year ended 12/31/2019						$ 2,720
For year ended 12/31/2020						2,383
For year ended 12/31/2021						1,815
For year ended 12/31/2022						1,083
Thereafter						949
						$ 8,950

XML 37 R24.htm IDEA: XBRL DOCUMENT

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Financial Performance of Company's Reporting Segments


	Three Months Ended March 31, 2019
	Brazil	Argentina	Mexico	Other Countries	Total
	(In thousands)
Net revenues	$ 302,384	$ 93,776	$ 54,561	$ 23,049	$ 473,770
Direct costs	(225,343)	(67,492)	(65,585)	(20,447)	(378,867)
Direct contribution	77,041	26,284	(11,024)	2,602	94,903

Operating expenses and indirect costs of net revenues					(84,764)
Income from operations					10,139

Other income (expenses):
Interest income and other financial gains					24,444
Interest expense and other financial losses					(15,559)
Foreign currency losses					(3,669)
Net income before income tax expense					$ 15,355



	Three Months Ended March 31, 2018
	Brazil	Argentina	Mexico	Other Countries	Total
	(In thousands)
Net revenues	$ 184,155	$ 101,939	$ 17,065	$ 17,817	$ 320,976
Direct costs	(176,980)	(57,295)	(26,323)	(17,272)	(277,870)
Direct contribution	7,175	44,644	(9,258)	545	43,106

Operating expenses and indirect costs of net revenues					(72,525)
Loss from operations					(29,419)

Other income (expenses):
Interest income and other financial gains					9,195
Interest expense and other financial losses					(10,734)
Foreign currency gains					5,601
Net loss before income tax gains					$ (25,357)

Allocation of Long-Lived Tangible Assets Based on Geography


	March 31,	December 31,
	2019	2018
	(In thousands)
US property and equipment, net	$ 2,313	$ 2,959
Other countries
Argentina	74,070	58,358
Brazil	83,717	78,227
Mexico	19,372	16,497
Other countries	9,484	9,573
	$ 186,643	$ 162,655
Total property and equipment, net	$ 188,956	$ 165,614

Allocation of Goodwill and Intangible Assets Based on Geography


	March 31,	December 31,
	2019	2018
	(In thousands)
US intangible assets	$ 33	$ 46
Other countries goodwill and intangible assets
Argentina	8,607	9,050
Brazil	31,746	32,955
Mexico	36,222	35,993
Chile	25,678	24,638
Other countries	5,224	4,782
	$ 107,477	$ 107,418
Total goodwill and intangible assets	$ 107,510	$ 107,464

Consolidated Net Revenues by Similar Products and Services


	Three months Ended March 31,

Consolidated Net Revenues	2019	2018
	(In thousands)
Enhanced Marketplace (*)	$ 253,035	$ 140,695
Non-marketplace () (*)	220,735	180,281
Total	$ 473,770	$ 320,976

(*) Includes Final Value Fees and Shipping fees.

(**) Includes, among other things, Ad Sales, Classified Fees, Payment Fees and other ancillary services.

(***) Includes $186,965 thousands and $144,763 thousands of Payment Fees for the three-month periods ended March 31, 2019 and 2018, respectively.

XML 38 R25.htm IDEA: XBRL DOCUMENT

Fair Value Measurement of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Measurement of Assets and Liabilities [Abstract]

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis


		Quoted Prices in				Quoted Prices in
	Balances as of	active markets for	Significant other	Unobservable	Balances as of	active markets for	Significant other	Unobservable
	March 31,	identical Assets	observable inputs	inputs	December 31,	identical Assets	observable inputs	inputs
Description	2019	(Level 1)	(Level 2)	(Level 3)	2018	(Level 1)	(Level 2)	(Level 3)
	(In thousands)
Assets
Cash and Cash Equivalents:
Money Market Funds	$ 239,269	$ 239,269	$ —	$ —	$ 179,252	$ 179,252	$ —	$ —
Restricted Cash and cash equivalents:
Money Market Funds	9,556	9,556	—		24,363	24,363	—	—
Investments:
Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee)	238,029	238,029	—	—	284,317	284,317	—	—
Sovereign Debt Securities	1,344,778	1,344,778	—	—	429,602	429,602	—	—
Corporate Debt Securities	255	245	10	—	262	237	25	—
Total Financial Assets	$ 1,831,887	$ 1,831,877	$ 10	$ —	$ 917,796	$ 917,771	$ 25	$ —
Liabilities:
Contingent considerations	$ 2,170	$ —	$ —	$ 2,170	$ 2,097	$ —	$ —	$ 2,097
Long-term retention plan	53,422	—	53,422	—	42,625	—	42,625	—
Total Financial Liabilities	$ 55,592	$ —	$ 53,422	$ 2,170	$ 44,722	$ —	$ 42,625	$ 2,097

Fair Value of Financial Assets and Liabilities Measured at Amortized Cost



	Balances as of	Significant other	Balances as of	Significant other
	March 31,	observable inputs	December 31,	observable inputs
	2019	(Level 2)	2018	(Level 2)
	(In thousands)
Assets
Time Deposits	$ 337,637	$ 337,637	$ 20,056	$ 20,056
Accounts receivable	34,524	34,524	35,153	35,153
Credit Cards receivable	308,468	308,468	360,298	360,298
Loans receivable, net	134,640	134,640	95,778	95,778
Other assets	105,622	105,622	102,753	102,753
Total Assets	$ 920,891	$ 920,891	$ 614,038	$ 614,038
Liabilities
Accounts payable and accrued expenses	$ 246,767	$ 246,767	$ 266,759	$ 266,759
Funds payable to customers	680,746	680,746	640,954	640,954
Salaries and social security payable	54,528	54,528	40,942	40,942
Taxes payable	34,414	34,414	31,058	31,058
Operating lease liabilities	155,632	155,632	—	—
Loans payable and other financial liabilities (*)	743,223	784,182	735,177	735,177
Other liabilities	67,506	67,506	51,509	51,509
Total Liabilities	$ 1,982,816	$ 2,023,775	$ 1,766,399	$ 1,766,399

(*) The fair value of the 2019 Notes and the 2028 Notes (including the equity component) are disclosed in Note 9.

Fair Value of Money Market Funds, Short and Long-Term Investments Classified as Available for Sale Securities



	March 31, 2019
	Cost	Gross Unrealized Gains (1)	Gross Unrealized Losses (1)	Financial Gains	Estimated Fair Value

	(In thousands)
Cash and cash equivalents
Money Market Funds	$ 239,269	$ —	$ —	$ —	$ 239,269
Total Cash and cash equivalents	$ 239,269	$ —	$ —	$ —	$ 239,269

Restricted cash and cash equivalents
Money Market Funds	$ 9,556	$ —	$ —	$ —	$ 9,556
Total Restricted cash and cash equivalents	$ 9,556	$ —	$ —	$ —	$ 9,556

Short-term investments
Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee) (*)	$ 236,309	$ —	$ —	$ 1,720	$ 238,029
Sovereign Debt Securities (**)	1,071,309	98	—	1,327	1,072,734
Corporate Debt Securities	57	—	—	—	57
Total Short-term investments	$ 1,307,675	$ 98	$ —	$ 3,047	$ 1,310,820

Long-term investments
Sovereign Debt Securities	$ 270,206	$ 1,837	$ —	$ 1	$ 272,044
Corporate Debt Securities	197	2	(1)	—	198
Total Long-term investments	$ 270,403	$ 1,839	$ (1)	$ 1	$ 272,242


Total	$ 1,826,903	$ 1,937	$ (1)	$ 3,048	$ 1,831,887

(*) Brazilian government bonds measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 – Investments fair value option)


	December 31, 2018
	Cost	Gross Unrealized Gains (1)	Gross Unrealized Losses (1)	Estimated Fair Value

	(In thousands)
Cash and cash equivalents
Money Market Funds	$ 179,252	$ —	$ —	$ 179,252
Total Cash and cash equivalents	$ 179,252	$ —	$ —	$ 179,252

Restricted Cash and cash equivalents
Money Market Funds	$ 24,363	$ —	$ —	$ 24,363
Total Restricted Cash and cash equivalents	$ 24,363	$ —	$ —	$ 24,363

Short-term investments
Sovereign Debt Securities (Central Bank of Brazil mandatory guarantee)	$ 282,752	$ 1,565	$ —	$ 284,317
Sovereign Debt Securities	156,910	237	—	157,147
Corporate Debt Securities	21	—	—	21
Total Short-term investments	$ 439,683	$ 1,802	$ —	$ 441,485

Long-term investments
Sovereign Debt Securities	$ 271,024	$ 1,431	$ —	$ 272,455
Corporate Debt Securities	244	—	(3)	241
Total Long-term investments	$ 271,268	$ 1,431	$ (3)	$ 272,696

Total	$ 914,566	$ 3,233	$ (3)	$ 917,796

(1)

Estimated Fair Values of Cash Equivalents, Short-Term and Long-Term Investments, Effective Maturities


One year or less		1,559,645
One year to two years		272,020
Two years to three years		133
Three years to four years		43
Four years to five years		46
Total		$ 1,831,887

XML 39 R26.htm IDEA: XBRL DOCUMENT

Long Term Retention Plan (Tables)

3 Months Ended

Mar. 31, 2019

Long Term Retention Plan [Abstract]

Long Term Retention Plans Accrued Compensation Expense


		Three Months Ended March 31,
		2019		2018
		(In thousands)
LTRP 2010		—		53
LTRP 2011		55		663
LTRP 2012		559		1,125
LTRP 2013		193		1,749
LTRP 2014		1,220		2,084
LTRP 2015		1,982		2,815
LTRP 2016		3,038		3,908
LTRP 2017		2,813		3,340
LTRP 2018		1,455		—
LTRP 2019		2,126		—
Total LTRP	$	13,441	$	15,737

XML 40 R27.htm IDEA: XBRL DOCUMENT

Convertible Senior Notes (Tables) - Convertible Senior Notes [Member]

3 Months Ended

Mar. 31, 2019

2028 Convertible Senior Notes [Member]

Debt Instrument [Line Items]

Carrying Amounts of Liability and Equity Components


	March 31, 2019		December 31, 2018
	(In thousands)
Amount of the equity component (1)	$	327,305	$	327,305

2.00% Convertible Senior Notes due 2028	$	880,000	$	880,000
Unamortized debt discount (2)		(319,466)		(325,783)
Unamortized transaction costs related to the debt component		(9,837)		(9,958)
Contractual coupon interest accrual		10,609		5,867
Contractual coupon interest payment		(8,360)		—
Net carrying amount	$	552,946	$	550,126

(1)

Net of $6,163 thousands of transaction costs related to the equity component of the 2028 Notes.

(2)

As of March 31, 2019, the remaining period over which the unamortized debt discount will be amortized is 9.5 years.

Summary of Interest Expense for Contractual Interest and Accretion of Debt Discount


	Three month periods ended March 31,
	2019
	(In thousands)
Contractual coupon interest expense	$	4,742
Amortization of debt discount		6,317
Amortization of debt issuance costs		121
Total interest expense related to the 2028 Notes	$	11,180

2019 Convertible Senior Notes [Member]

Debt Instrument [Line Items]

Carrying Amounts of Liability and Equity Components


	March 31, 2019		December 31, 2018
	(In thousands)
Amount of the equity component (1)	$	9,196	$	9,196

2.25% Convertible Senior Notes due 2019	$	65,985	$	65,987
Unamortized debt discount (2)		(532)		(1,063)
Unamortized transaction costs related to the debt component		(88)		(176)
Contractual coupon interest accrual		373		5,447
Contractual coupon interest payment		—		(5,447)
Net carrying amount	$	65,738	$	64,748

(1)

Net of $236 thousands of transaction costs related to the equity component of the 2019 Notes.

(2)

As of March 31, 2019, the remaining period over which the unamortized debt discount will be amortized is 0.25 years.

Summary of Interest Expense for Contractual Interest and Accretion of Debt Discount


	Three month periods ended March 31,
	2019		2018

	(In thousands)		(In thousands)
Contractual coupon interest expense	$	373	$	1,856
Amortization of debt discount		531		2,508
Amortization of debt issuance costs		88		399
Total interest expense related to the 2019 Notes	$	992	$	4,763

XML 41 R28.htm IDEA: XBRL DOCUMENT

Securitization Transactions (Tables)

3 Months Ended

Mar. 31, 2019

Securitization Transactions [Abstract]

Assets And Liabilities Of The Trust



	March 31,		December 31,
	2019		2018
Assets		(in thousands)		(in thousands)
Current assets:
Restricted cash and cash equivalents	$	10,375	$	24,363
Loans receivable, net		70,757		51,471
Total current assets		81,132		75,834
Total assets	$	81,132	$	75,834
Liabilities
Current liabilities:
Accounts payable and accrued expenses	$	103	$	113
Loans payable and other financial liabilities		8,089		7,539
Total current liabilities		8,192		7,652
Non-current liabilities:
Loans payable and other financial liabilities		46,180		46,441
Total non-current liabilities		46,180		46,441
Total liabilities	$	54,372	$	54,093

XML 42 R29.htm IDEA: XBRL DOCUMENT

Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Supplemental Balance Sheet Information Related To Leases


		March 31,
		2019
Operating Leases
Operating lease right-of-use assets	$	153,499

Operating lease liabilities	$	155,632

Finance Leases
Property and equipment, at cost		9,119
Accumulated depreciation		(284)
Property and equipment, net	$	8,835

Loans payable and other financial liabilities	$	6,724

Summary Of Weighted Average Remaining Lease Term And Discount Rate


Weighted average remaining lease term
Operating leases	9	Years
Finance leases	5	Years


Weighted average discount rate
Operating leases	10.44	%
Finance leases	6.91	%

Components Of Lease Expense


		March 31,
		2019

Operating lease cost	$	6,477

Finance lease cost:
Depreciation of property and equipment		235
Interest on lease liabilities		152
Total finance lease cost	$	387

Supplemental Cash Flow Information Related To Leases


		Three months ended
		March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,124
Financing cash flows from finance leases		662


Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	35,926
Finance leases		177

Maturities Of Lease Liabilities


Year Ending March 31,		Operating Leases		Finance Leases
One year or less	$	26,507	$	1,905
One year to two years		27,364		1,719
Two years to three years		26,469		1,719
Three years to four years		25,383		1,719
Four years to five years		23,826		1,399
Thereafter		112,956		359
Total lease payments	$	242,505	$	8,820
Less imputed interest		(86,873)		(2,096)
Total	$	155,632	$	6,724

XML 43 R30.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 29, 2019	Dec. 31, 2018	Dec. 31, 2017
Significant Accounting Policies [Line Items]
cash, cash equivalents, restricted cash and cash equivalents	$ 1,306,261	$ 350,411		$ 464,695	$ 388,260
Cash and cash equivalents	1,295,886			440,332
Restricted cash and cash equivalents	10,375			24,363
Long-lived assets, intangible assets and goodwill located in the foreign operations	294,120			270,073
Allowance for doubtful accounts, loan receivables and chargebacks	26,783			23,411
Deferred Revenue	5,958			$ 5,918	$ 6,116
Deferred Revenue, Revenue Recognized	$ 3,188	4,316
Percentage on relief of total income tax	60.00%
Percentage on relief of payroll tax	70.00%
Redeemable convertible preferred stock, Shares Issued	100,000
Redeemable convertible preferred stock, Par Value	$ 0.001			$ 0.001
Recognized gains in interest income and other financial gains	$ 3,048
Series A Preferred Stock [Member]
Significant Accounting Policies [Line Items]
Redeemable convertible preferred stock, Shares Issued			100,000
Redeemable convertible preferred stock, Par Value			$ 0.001
Redeemable convertible preferred stock aggregate			$ 100,000
Preferred Stock, Embedded Beneficial Conversion feature			$ 5,841
New Software Development Law [Member]
Significant Accounting Policies [Line Items]
Income tax gain	3,319	7,299
Labor cost benefit	$ 2,396	$ 2,016
Aggregate per share effect of the Argentine tax holiday	$ 0.07	$ 0.17
Software development law audit fees	$ 400	$ 652

XML 44 R31.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Summary of Significant Accounting Policies [Abstract]
Foreign currency translation	$ (394,600)	$ (394,306)
Unrealized gains on investments	2,025	3,345
Estimated tax loss on unrealized gains on investments	(13)	(616)
Accumulated other comprehensive loss	$ (392,588)	$ (391,577)

XML 45 R32.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Summary of Changes in Accumulated Balances of Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance, Estimated tax (expense) benefit	$ (616)
Other comprehensive income (loss) before reclassifications, Estimated tax (expense) benefit	(13)
Amount of loss (gain) reclassified from accumulated other comprehensive loss, Estimated tax (expense) benefit	616
Net current period other comprehensive income (loss), Estimated tax (expense) benefit	603
Ending Balance, Estimated tax (expense) benefit	(13)
Beginning Balance	(391,577)
Other comprehensive income (loss) before reclassifications, net of tax	1,718
Amount of loss (gain) reclassified from accumulated other comprehensive loss, net of tax	(2,729)
Net current period other comprehensive income (loss), net of tax	(1,011)	$ (16,393)
Ending Balance	(392,588)
Unrealized (Losses) Gains on Investments [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	3,345
Other comprehensive income (loss) before reclassifications, before tax	2,025
Amount of loss (gain) reclassified from accumulated other comprehensive loss, before tax	(3,345)
Net current period other comprehensive income (loss), before tax	(1,320)
Ending Balance	2,025
Foreign Currency Translation [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(394,306)
Other comprehensive income (loss) before reclassifications, before tax	(294)
Net current period other comprehensive income (loss), before tax	(294)
Ending Balance	$ (394,600)

XML 46 R33.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Reclassifications Out of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest income and other financial gains	$ 24,444	$ 9,195
Income tax loss	(3,491)	12,438
Net income (loss)	11,864	$ (12,919)
Amount of (Loss) Gain Reclassified From Accumulated Other Comprehensive Loss [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax loss	(616)
Net income (loss)	2,729
Amount of (Loss) Gain Reclassified From Accumulated Other Comprehensive Loss [Member] \| Unrealized (Losses) Gains on Investments [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest income and other financial gains	$ 3,345

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

XML 47 R34.htm IDEA: XBRL DOCUMENT

Net Income (Loss) Per Share (Narrative) (Details) - Convertible Senior Notes [Member] - USD ($)	Mar. 31, 2019	Dec. 31, 2018	Aug. 31, 2018	Aug. 24, 2018	Jun. 30, 2014
2019 Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Convertible senior notes, issued	$ 65,985,000	$ 65,987,000			$ 330,000,000
Convertible senior notes, interest rate					2.25%
2028 Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Convertible senior notes, issued	$ 880,000,000	$ 880,000,000	$ 880,000,000
Convertible senior notes, interest rate			2.00%	2.00%

XML 48 R35.htm IDEA: XBRL DOCUMENT

Net Income (Loss) Per Share (Net (Loss) Income Per Share of Common Stock) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net income attributable to MercadoLibre, Inc. per common share
Net (loss) income per common share, Basic	$ 0.13	$ (0.29)
Net (loss) income per common share, Diluted	$ 0.13	$ (0.29)
Numerator:
Net income (loss)	$ 11,864	$ (12,919)
Amortization of redeemable convertible preferred stock	(5,841)
Net income (loss) corresponding to common stock, Basic	6,023	(12,919)
Net income (loss) corresponding to common stock, Diluted	$ 6,023	$ (12,919)
Denominator:
Weighted average of common stock outstanding for Basic earnings per share	45,980,255	44,157,364
Adjusted weighted average of common stock outstanding for Diluted earnings per share	45,980,255	44,157,364

XML 49 R36.htm IDEA: XBRL DOCUMENT

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Goodwill and Intangible Assets [Abstract]
Aggregate amortization expense for intangible assets	$ 1,230	$ 1,672

XML 50 R37.htm IDEA: XBRL DOCUMENT

Goodwill and Intangible Assets (Composition of Goodwill and Intangible Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Indefinite-lived Intangible Assets [Line Items]
Goodwill	$ 89,827	$ 88,883	$ 92,279
Total intangible assets	36,484	36,480
Accumulated amortization	(18,801)	(17,899)
Total intangible assets, net	17,683	18,581
Licenses And Others [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortizable intangible assets	5,445	5,406
Non-Compete Agreement [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortizable intangible assets	2,786	3,028
Customer Lists [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortizable intangible assets	14,844	14,897
Trademarks [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortizable intangible assets	4,676	4,565
Trademarks [Member]
Indefinite-lived Intangible Assets [Line Items]
Intangible assets with indefinite lives	$ 8,733	$ 8,584

XML 51 R38.htm IDEA: XBRL DOCUMENT

Goodwill and Intangible Assets (Changes in Carrying Amount of Goodwill) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Balance, beginning of the period	$ 88,883	$ 92,279
Business acquisition		7,022
Purchase price allocation adjustments	45
Effect of exchange rates changes	899	(10,418)
Balance, end of the period	89,827	88,883
Brazil [Member]
Goodwill [Line Items]
Balance, beginning of the period	30,069	32,492
Business acquisition		3,110
Effect of exchange rates changes	(145)	(5,533)
Balance, end of the period	29,924	30,069
Argentina [Member]
Goodwill [Line Items]
Balance, beginning of the period	6,946	5,761
Business acquisition		3,175
Purchase price allocation adjustments	45
Effect of exchange rates changes		(1,990)
Balance, end of the period	6,991	6,946
Mexico [Member]
Goodwill [Line Items]
Balance, beginning of the period	31,340	30,396
Business acquisition		543
Effect of exchange rates changes	567	401
Balance, end of the period	31,907	31,340
Chile [Member]
Goodwill [Line Items]
Balance, beginning of the period	16,014	18,805
Business acquisition		61
Effect of exchange rates changes	392	(2,852)
Balance, end of the period	16,406	16,014
Colombia [Member]
Goodwill [Line Items]
Balance, beginning of the period	3,339	3,632
Business acquisition		80
Effect of exchange rates changes	76	(373)
Balance, end of the period	3,415	3,339
Other Countries [Member]
Goodwill [Line Items]
Balance, beginning of the period	1,175	1,193
Business acquisition		53
Effect of exchange rates changes	9	(71)
Balance, end of the period	$ 1,184	$ 1,175

XML 52 R39.htm IDEA: XBRL DOCUMENT

Goodwill and Intangible Assets (Expected Intangible Asset Amortization Expense) (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Goodwill and Intangible Assets [Abstract]
For year ended 12/31/2019	$ 2,720
For year ended 12/31/2020	2,383
For year ended 12/31/2021	1,815
For year ended 12/31/2022	1,083
Thereafter	949
Total remaining amortization of intangible assets	$ 8,950

XML 53 R40.htm IDEA: XBRL DOCUMENT

Segment Reporting (Financial Performance of Company's Reporting Segments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Net revenues	$ 473,770	$ 320,976
Direct costs	(378,867)	(277,870)
Direct contribution	94,903	43,106
Operating expenses and indirect costs of net revenues	(84,764)	(72,525)
Income (loss) from operations	10,139	(29,419)
Other income (expenses):
Interest income and other financial gains	24,444	9,195
Interest expense and other financial losses	(15,559)	(10,734)
Foreign currency (losses) gains	(3,669)	5,601
Net income (loss) before income tax expense (gain)	15,355	(25,357)
Operating Segments [Member] \| Brazil Segment [Member]
Segment Reporting Information [Line Items]
Net revenues	302,384	184,155
Direct costs	(225,343)	(176,980)
Direct contribution	77,041	7,175
Operating Segments [Member] \| Argentina Segment [Member]
Segment Reporting Information [Line Items]
Net revenues	93,776	101,939
Direct costs	(67,492)	(57,295)
Direct contribution	26,284	44,644
Operating Segments [Member] \| Mexico Segment [Member]
Segment Reporting Information [Line Items]
Net revenues	54,561	17,065
Direct costs	(65,585)	(26,323)
Direct contribution	(11,024)	(9,258)
Operating Segments [Member] \| Other Countries Segment [Member]
Segment Reporting Information [Line Items]
Net revenues	23,049	17,817
Direct costs	(20,447)	(17,272)
Direct contribution	$ 2,602	$ 545

XML 54 R41.htm IDEA: XBRL DOCUMENT

Segment Reporting (Allocation of Long-Lived Tangible Assets Based on Geography) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 188,956	$ 165,614
US [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	2,313	2,959
Argentina [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	74,070	58,358
Brazil [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	83,717	78,227
Mexico [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	19,372	16,497
Other Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	9,484	9,573
Total Other Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 186,643	$ 162,655

XML 55 R42.htm IDEA: XBRL DOCUMENT

Segment Reporting (Allocation of Goodwill and Intangible Assets Based on Geography) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Total goodwill and intangible assets	$ 107,510	$ 107,464
US [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total goodwill and intangible assets	33	46
Argentina [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total goodwill and intangible assets	8,607	9,050
Brazil [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total goodwill and intangible assets	31,746	32,955
Mexico [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total goodwill and intangible assets	36,222	35,993
Chile [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total goodwill and intangible assets	25,678	24,638
Other Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total goodwill and intangible assets	5,224	4,782
Total Other Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total goodwill and intangible assets	$ 107,477	$ 107,418

XML 56 R43.htm IDEA: XBRL DOCUMENT

Segment Reporting (Consolidated Net Revenues by Similar Products and Services) (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2019

Mar. 31, 2018

Segment Reporting, Revenue Reconciling Item [Line Items]

Net revenues

$ 473,770

$ 320,976

Enchanced Marketplace [Member]

Segment Reporting, Revenue Reconciling Item [Line Items]

Net revenues

^[1]

253,035

140,695

Non-marketplace [Member]

Segment Reporting, Revenue Reconciling Item [Line Items]

Net revenues

^[2],[3]

220,735

180,281

Payment fees

$ 186,965

$ 144,763

[1]	Includes Final Value Fees and Shipping fees.
[2]	Includes $186,965 thousands and $144,763 thousands of Payment Fees for the three-month periods ended March 31, 2019 and 2018, respectively.
[3]	Includes, among other things, Ad Sales, Classified Fees, Payment Fees and other ancillary services.

XML 57 R44.htm IDEA: XBRL DOCUMENT

Fair Value Measurement of Assets and Liabilities (Narrative) (Details) - USD ($)
$ in Thousands

Mar. 31, 2019

Dec. 31, 2018

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Non-financial assets

$ 0

Non-financial liabilities

Estimated Fair Value

1,831,887

917,796

Short-term Investments [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Estimated Fair Value

1,310,820

441,485

Auction Rate Securities [Member] | Direct Investment [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Investments

Fair Value, Measurements, Recurring [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Contingent considerations

2,170

$ 2,097

2028 Convertible Senior Notes [Member] | Significant Other Observable Inputs (Level 2) [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Net carrying amount

$ 593,905

Central Bank of Brazil Mandatory Guarantee [Member] | Short-term Investments [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Percent of electronic currency deposited

100.00%

80.00%

Estimated Fair Value

$ 238,029

^[1]

$ 284,317

[1]	Brazilian government bonds measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 - Investments fair value option)

XML 58 R45.htm IDEA: XBRL DOCUMENT

Fair Value Measurement of Assets and Liabilities (Financial Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets	$ 1,831,887	$ 917,796
Contingent considerations	2,170	2,097
Long-term retention plan	53,422	42,625
Total Financial Liabilities	55,592	44,722
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets	1,831,877	917,771
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets	10	25
Long-term retention plan	53,422	42,625
Total Financial Liabilities	53,422	42,625
Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent considerations	2,170	2,097
Total Financial Liabilities	2,170	2,097
Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents	239,269	179,252
Restricted Cash and cash equivalents	9,556	24,363
Money Market Funds [Member] \| Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents	239,269	179,252
Restricted Cash and cash equivalents	9,556	24,363
Central Bank of Brazil Mandatory Guarantee [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	238,029	284,317
Central Bank of Brazil Mandatory Guarantee [Member] \| Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	238,029	284,317
Sovereign Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	1,344,778	429,602
Sovereign Debt Securities [Member] \| Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	1,344,778	429,602
Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	255	262
Corporate Debt Securities [Member] \| Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	245	237
Corporate Debt Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	$ 10	$ 25

XML 59 R46.htm IDEA: XBRL DOCUMENT

Fair Value Measurement of Assets and Liabilities (Fair Value of Financial Assets and Liabilities Measured at Amortized Cost) (Details) - USD ($)
$ in Thousands

Mar. 31, 2019

Dec. 31, 2018

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Assets

$ 920,891

$ 614,038

Liabilities

1,982,816

1,766,399

Accounts Payable And Accrued Expenses [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

246,767

266,759

Funds Payable To Customers [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

680,746

640,954

Salaries And Social Security Payable [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

54,528

40,942

Taxes Payable [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

34,414

31,058

Operating Lease Liabilities [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

155,632

Loans Payable And Other Financial Liabilities [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

^[1]

743,223

735,177

Other Liabilities [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

67,506

51,509

Significant Other Observable Inputs (Level 2) [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Assets

920,891

614,038

Liabilities

2,023,775

1,766,399

Significant Other Observable Inputs (Level 2) [Member] | Accounts Payable And Accrued Expenses [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

246,767

266,759

Significant Other Observable Inputs (Level 2) [Member] | Funds Payable To Customers [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

680,746

640,954

Significant Other Observable Inputs (Level 2) [Member] | Salaries And Social Security Payable [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

54,528

40,942

Significant Other Observable Inputs (Level 2) [Member] | Taxes Payable [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

34,414

31,058

Significant Other Observable Inputs (Level 2) [Member] | Operating Lease Liabilities [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

155,632

Significant Other Observable Inputs (Level 2) [Member] | Loans Payable And Other Financial Liabilities [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

^[1]

784,182

735,177

Significant Other Observable Inputs (Level 2) [Member] | Other Liabilities [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Liabilities

67,506

51,509

Time Deposits [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Assets

337,637

20,056

Time Deposits [Member] | Significant Other Observable Inputs (Level 2) [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Assets

337,637

20,056

Accounts Receivable [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Assets

34,524

35,153

Accounts Receivable [Member] | Significant Other Observable Inputs (Level 2) [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Assets

34,524

35,153

Credit Card Receivables [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Assets

308,468

360,298

Credit Card Receivables [Member] | Significant Other Observable Inputs (Level 2) [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Assets

308,468

360,298

Loans Receivable, Net [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Assets

134,640

95,778

Loans Receivable, Net [Member] | Significant Other Observable Inputs (Level 2) [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Assets

134,640

95,778

Other Assets [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Assets

105,622

102,753

Other Assets [Member] | Significant Other Observable Inputs (Level 2) [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Assets

$ 105,622

$ 102,753

[1]	The fair value of the 2019 Notes and the 2028 Notes (including the equity component) are disclosed in Note 9.

XML 60 R47.htm IDEA: XBRL DOCUMENT

Fair Value Measurement of Assets and Liabilities (Fair Value of Money Market Funds, Short and Long-Term Investments Classified as Available for Sale Securities) (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2019

Dec. 31, 2018

Schedule of Available-for-sale Securities [Line Items]

Cost

$ 1,826,903

$ 914,566

Gross Unrealized Gains

^[1]

1,937

3,233

Gross Unrealized Losses

^[1]

(1)

(3)

Financial Gains

3,048

Estimated Fair Value

1,831,887

917,796

Fair value option

3,048

Cash and Cash Equivalents [Member]

Schedule of Available-for-sale Securities [Line Items]

Cost

239,269

179,252

Estimated Fair Value

239,269

179,252

Cash and Cash Equivalents [Member] | Money Market Funds [Member]

Schedule of Available-for-sale Securities [Line Items]

Cost

239,269

179,252

Estimated Fair Value

239,269

179,252

Restricted Cash and Cash Equivalents [Member]

Schedule of Available-for-sale Securities [Line Items]

Cost

9,556

24,363

Estimated Fair Value

9,556

24,363

Restricted Cash and Cash Equivalents [Member] | Money Market Funds [Member]

Schedule of Available-for-sale Securities [Line Items]

Cost

9,556

24,363

Estimated Fair Value

9,556

24,363

Short-term Investments [Member]

Schedule of Available-for-sale Securities [Line Items]

Cost

1,307,675

439,683

Gross Unrealized Gains

^[1]

1,802

Financial Gains

3,047

Estimated Fair Value

1,310,820

441,485

Short-term Investments [Member] | Central Bank of Brazil Mandatory Guarantee [Member]

Schedule of Available-for-sale Securities [Line Items]

Cost

236,309

^[2]

282,752

Gross Unrealized Gains

^[1]

1,565

Financial Gains

^[2]

1,720

Estimated Fair Value

238,029

^[2]

284,317

Short-term Investments [Member] | Sovereign Debt Securities [Member]

Schedule of Available-for-sale Securities [Line Items]

Cost

1,071,309

^[3]

156,910

Gross Unrealized Gains

^[1]

^[3]

237

Financial Gains

^[3]

1,327

Estimated Fair Value

1,072,734

^[3]

157,147

Short-term Investments [Member] | Corporate Debt Securities [Member]

Schedule of Available-for-sale Securities [Line Items]

Cost

Estimated Fair Value

Short-term Investments [Member] | U.S. Treasury Notes [Member]

Schedule of Available-for-sale Securities [Line Items]

Fair value option

806,087

Long-term Investments [Member]

Schedule of Available-for-sale Securities [Line Items]

Cost

270,403

271,268

Gross Unrealized Gains

^[1]

1,839

1,431

Gross Unrealized Losses

^[1]

(1)

(3)

Financial Gains

Estimated Fair Value

272,242

272,696

Long-term Investments [Member] | Sovereign Debt Securities [Member]

Schedule of Available-for-sale Securities [Line Items]

Cost

270,206

271,024

Gross Unrealized Gains

^[1]

1,837

1,431

Financial Gains

Estimated Fair Value

272,044

272,455

Long-term Investments [Member] | Corporate Debt Securities [Member]

Schedule of Available-for-sale Securities [Line Items]

Cost

197

244

Gross Unrealized Gains

^[1]

Gross Unrealized Losses

^[1]

(1)

(3)

Estimated Fair Value

$ 198

$ 241

[1]	Unrealized gains (losses) from securities are attributable to market price movements, net foreign exchange losses and foreign currency translation. Management does not believe any remaining significant unrealized losses represent other-than-temporary impairments based on the evaluation of available evidence including the credit rating of the investments, as of March 31, 2019 and December 31, 2018.
[2]	Brazilian government bonds measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 - Investments fair value option)
[3]	Includes $806,087 thousands of U.S treasury notes measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 - Investments fair value option)

XML 61 R48.htm IDEA: XBRL DOCUMENT

Fair Value Measurement of Assets and Liabilities (Estimated Fair Values Of Cash Equivalents, Short-Term and Long-Term Investments, Effective Maturities) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value Measurement of Assets and Liabilities [Abstract]
One year or less	$ 1,559,645
One year to two years	272,020
Two years to three years	133
Three years to four years	43
Four years to five years	46
Total	$ 1,831,887	$ 917,796

XML 62 R49.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Narrative I) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Mar. 31, 2019
Loss Contingencies [Line Items]
Reserves for proceeding-related contingencies		$ 4,782
Aggregate amount for legal actions for which no loss amount has been accrued		12,561
Loss accrued for reasonably possible legal actions	$ 0
Buyer Protection Program [Member]
Loss Contingencies [Line Items]
Provision for maximum potential exposure	988,664	993,500
Product liability, contingency, recorded allowance	$ 4,146	$ 4,670

XML 63 R50.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Narrative II) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) item	Dec. 31, 2018 item
Commitments And Contingencies [Line Items]
Finance Leases	$ 6,724
Citibank N.A. [Member] \| Argentinean Subsidiaries [Member]
Commitments And Contingencies [Line Items]
Number of line of credit facility \| item	2
Banco De Chile [Member]
Commitments And Contingencies [Line Items]
Number of line of credit facility \| item	2
Line of credit, Fixed interest rate	3.60%
Scotiabank Chile [Member]
Commitments And Contingencies [Line Items]
Number of line of credit facility \| item		2
Line of credit, Fixed interest rate	3.72%
Line Of Credit One [Member] \| Citibank N.A. [Member] \| Argentinean Subsidiaries [Member]
Commitments And Contingencies [Line Items]
Outstanding line of credit	$ 12,066
Line of credit, Fixed interest rate	37.75%
Line Of Credit One [Member] \| Citibank N.A. [Member] \| Uruguayan Subsidiary [Member]
Commitments And Contingencies [Line Items]
Outstanding line of credit	$ 898
Line of credit, Fixed interest rate	9.11%
Line Of Credit One [Member] \| Banco De Chile [Member]
Commitments And Contingencies [Line Items]
Outstanding line of credit	$ 8,869
Line Of Credit One [Member] \| Scotiabank Chile [Member]
Commitments And Contingencies [Line Items]
Outstanding line of credit	4,424
Line Of Credit Two [Member] \| Citibank N.A. [Member] \| Argentinean Subsidiaries [Member]
Commitments And Contingencies [Line Items]
Outstanding line of credit	$ 12,053
Line of credit, Fixed interest rate	40.50%
Line Of Credit Two [Member] \| Banco De Chile [Member]
Commitments And Contingencies [Line Items]
Outstanding line of credit	$ 7,376
Line Of Credit Two [Member] \| Scotiabank Chile [Member]
Commitments And Contingencies [Line Items]
Outstanding line of credit	2,949
Unsecured Line Of Credit [Member] \| Citibank N.A. [Member] \| Argentinean Subsidiaries [Member]
Commitments And Contingencies [Line Items]
Outstanding line of credit	$ 3,121
Line of credit, Fixed interest rate	55.50%
Unsecured Line Of Credit [Member] \| Citibank N.A. [Member] \| Uruguayan Subsidiary [Member]
Commitments And Contingencies [Line Items]
Outstanding line of credit	$ 10,195
Line of credit, Fixed interest rate	9.11%
Unsecured Line Of Credit [Member] \| Banco De Chile [Member]
Commitments And Contingencies [Line Items]
Outstanding line of credit	$ 1,494
Line of credit, Fixed interest rate	3.65%
Fulfillment Center Finance Leases [Member]
Commitments And Contingencies [Line Items]
Number of finance lease contracts \| item	3
Fulfillment Center Finance Leases One [Member]
Commitments And Contingencies [Line Items]
Finance Leases	$ 5,458
Debt instrument, interest rate	6.39%
Lessee, Finance Lease, Term of Contract	5 years 3 months
Fulfillment Center Finance Leases Two [Member]
Commitments And Contingencies [Line Items]
Finance Leases	$ 1,089
Debt instrument, interest rate	9.00%
Lessee, Finance Lease, Term of Contract	4 years
Fulfillment Center Finance Leases Three [Member]
Commitments And Contingencies [Line Items]
Finance Leases	$ 177
Debt instrument, interest rate	9.90%

XML 64 R51.htm IDEA: XBRL DOCUMENT

Long Term Retention Plan (Long Term Retention Plans Accrued Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long term retention plan	$ 13,441	$ 15,737
LTRP 2010 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long term retention plan		53
LTRP 2011 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long term retention plan	55	663
LTRP 2012 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long term retention plan	559	1,125
LTRP 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long term retention plan	193	1,749
LTRP 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long term retention plan	1,220	2,084
LTRP 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long term retention plan	1,982	2,815
LTRP 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long term retention plan	3,038	3,908
LTRP 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long term retention plan	2,813	$ 3,340
LTRP 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long term retention plan	1,455
LTRP 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long term retention plan	$ 2,126

XML 65 R52.htm IDEA: XBRL DOCUMENT

Convertible Senior Notes (Narrative) (Details) - Convertible Senior Notes [Member] - USD ($)			1 Months Ended		3 Months Ended	30 Months Ended
	Aug. 24, 2018	Jun. 30, 2014	Nov. 30, 2018	Aug. 31, 2018	Mar. 31, 2019	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Sep. 30, 2017
Initial Issuance - 2028 Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 800,000,000
Additional Issuance - 2028 Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				$ 80,000,000
2028 Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				$ 880,000,000	$ 880,000,000	$ 880,000,000	$ 880,000,000
Debt instrument, interest rate	2.00%			2.00%
Convertible senior notes, conversion rate	2.2553%
Converted instrument, principal amount used per conversion	$ 1,000				100
Convertible senior notes, conversion price	$ 443.40
Amount paid to enter into capped call transactions			$ 11,472,000	$ 91,784,000
Estimated fair value					$ 1,181,391,000	$ 1,181,391,000	787,266,000
Common stock, closing price per share					$ 507.7	$ 507.7
Debt instrument convertible, if-converted value in excess of principal					$ 127,673,000
2019 Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount		$ 330,000,000			65,985,000	$ 65,985,000	65,987,000
Debt instrument, interest rate		2.25%
Convertible senior notes, conversion rate		7.9353%
Converted instrument, principal amount used per conversion		$ 1,000
Convertible senior notes, amount converted						291,000
Convertible senior notes, conversion price		$ 126.02
Amount paid to enter into capped call transactions		$ 19,668,000						$ 45,692,000	$ 67,308,000
Estimated fair value					$ 264,992,000	$ 264,992,000	$ 150,572,000
Closing Trading Amount Price Per Share					$ 100
Common stock, closing price per share					$ 507.7	$ 507.7
Amount of debt extinguished	$ 263,724,000
Cash payment for debt extinguishment	$ 348,123,000
Shares issued related to the debt extinguishment	1,044,298
Unwind of convertible note cappeds calls			$ 14,405,000	$ 121,703,000
Debt instrument convertible, if-converted value in excess of principal					$ 199,868,000

XML 66 R53.htm IDEA: XBRL DOCUMENT

Convertible Senior Notes (Carrying Amounts of Liability and Equity Components) (Details) - Convertible Senior Notes [Member] - USD ($)

Mar. 31, 2019

Dec. 31, 2018

Aug. 31, 2018

Jun. 30, 2014

2028 Convertible Senior Notes [Member]

Debt Instrument [Line Items]

Amount of the equity component

^[1]

$ 327,305,000

Convertible senior notes

880,000,000

$ 880,000,000

Unamortized debt discount

^[2]

(319,466,000)

(325,783,000)

Unamortized transaction costs related to the debt component

(9,837,000)

(9,958,000)

Contractual coupon interest accrual

10,609,000

5,867,000

Contractual coupon interest payment

(8,360,000)

Net carrying amount

552,946,000

550,126,000

2019 Convertible Senior Notes [Member]

Debt Instrument [Line Items]

Amount of the equity component

^[3]

9,196,000

Convertible senior notes

65,985,000

65,987,000

$ 330,000,000

Unamortized debt discount

^[4]

(532,000)

(1,063,000)

Unamortized transaction costs related to the debt component

(88,000)

(176,000)

Contractual coupon interest accrual

373,000

5,447,000

Contractual coupon interest payment

(5,447,000)

Net carrying amount

$ 65,738,000

$ 64,748,000

[1]	Net of $6,163 thousands of transaction costs related to the equity component of the 2028 Notes.
[2]	As of March 31, 2019, the remaining period over which the unamortized debt discount will be amortized is 9.5 years.
[3]	Net of $236 thousands of transaction costs related to the equity component of the 2019 Notes.
[4]	As of March 31, 2019, the remaining period over which the unamortized debt discount will be amortized is 0.25 years.

XML 67 R54.htm IDEA: XBRL DOCUMENT

Convertible Senior Notes (Carrying Amounts of Liability and Equity Components - Additional Information) (Details) - Convertible Senior Notes [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Aug. 31, 2018	Aug. 24, 2018	Jun. 30, 2014
2028 Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate			2.00%	2.00%
Transaction costs related to the equity component	$ 6,163
2019 Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate					2.25%
Transaction costs related to the equity component	$ 236	$ 236
Remaining period over which the unamortized debt discount will be amortized	3 months

XML 68 R55.htm IDEA: XBRL DOCUMENT

Convertible Senior Notes (Summary of Interest Expense for Contractual Interest and Accretion of Debt Discount) (Details) - Convertible Senior Notes [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
2028 Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Contractual coupon interest expense	$ 4,742
Amortization of debt discount	6,317
Amortization of debt issuance costs	121
Total interest expense related to the Notes	11,180
2019 Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Contractual coupon interest expense	373	$ 1,856
Amortization of debt discount	531	2,508
Amortization of debt issuance costs	88	399
Total interest expense related to the Notes	$ 992	$ 4,763

XML 69 R56.htm IDEA: XBRL DOCUMENT

Equity Offerings (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended
	Mar. 29, 2019	Mar. 15, 2019	Mar. 31, 2019	Dec. 31, 2018
Class of Stock [Line Items]
Stock Issued During Period, Value, New Issues			$ 1,866,500
Common stock, par value			$ 0.001	$ 0.001
Redeemable convertible preferred stock, Par Value			0.001	$ 0.001
Preferred Stock Par Or Stated Value Per Share			$ 1,000
Preferred Stock, Dividend Rate, Percentage			4.00%
Common Stock, Convertible, Conversion Price			$ 479.71
Funds raised from aggregate issuance			$ 1,965,188
Equity, issuance cost			$ 34,812
Common Stock [Member]
Class of Stock [Line Items]
Common Stock Value At Offering		$ 1,150,000
Common Stock Value At Offering, Per Share		$ 480
Stock Issued During Period, Shares, New Issues		2,395,834
Common Stock Value At Offering, Underwriters' Option, Additional Shares Value		$ 150
Common stock, par value		$ 0.001
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Redeemable convertible preferred stock, Par Value	$ 0.001
PayPay, Inc. [Member] \| Common Stock [Member]
Class of Stock [Line Items]
Common Stock Value At Offering, Per Share		$ 436.10
Stock Issued During Period, Value, New Issues		$ 750,000
Stock Issued During Period, Shares, New Issues		1,719,790
Dragoneer Investment Group [Member] \| Series A Preferred Stock [Member]
Class of Stock [Line Items]
Stock Issued During Period, Value, New Issues	$ 100,000
Stock Issued During Period, Shares, New Issues	100,000
Redeemable convertible preferred stock, Par Value	$ 0.001

XML 70 R57.htm IDEA: XBRL DOCUMENT

Securitization Transaction (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Collateralized Debt, Due May 2021 [Member]
Debt Instrument [Line Items]
Collateralized debt	$ 31,119
Basis spread on variable rate	3.25%
Debt term	30 months
Collateralized Debt, Due October 2019 [Member]
Debt Instrument [Line Items]
Collateralized debt	$ 5,593
Debt term	8 months
Collateralized Debt, Due July 2019 [Member]
Debt Instrument [Line Items]
Collateralized debt	$ 1,989
Brazil [Member]
Debt Instrument [Line Items]
Collateralized debt	46,687
Brazil [Member] \| Collateralized Debt, Due June 2021 [Member]
Debt Instrument [Line Items]
Collateralized debt	$ 15,568
Basis spread on variable rate	3.50%
Debt term	36 months
Argentina [Member]
Debt Instrument [Line Items]
Collateralized debt	$ 7,582
Maximum [Member] \| Collateralized Debt, Due October 2019 [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	48.00%
Maximum [Member] \| Collateralized Debt, Due July 2019 [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	45.00%
Minimum [Member] \| Collateralized Debt, Due October 2019 [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	33.00%
Minimum [Member] \| Collateralized Debt, Due July 2019 [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	30.00%
BADLAR Rate [Member] \| Collateralized Debt, Due October 2019 [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
BADLAR Rate [Member] \| Collateralized Debt, Due July 2019 [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%

XML 71 R58.htm IDEA: XBRL DOCUMENT

Securitization Transaction (Assets And Liabilities Of The Trust) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Securitization Transactions [Line Items]
Restricted cash and cash equivalents	$ 10,375	$ 24,363
Accounts receivable, net	34,524	35,153
Loans receivable, net	134,640	95,778
Total current assets	3,520,453	1,511,123
Total assets	4,448,160	2,239,519
Accounts payable and accrued expenses	246,767	266,759
Loans payable and other financial liabilities	141,162	132,949
Total current liabilities	1,248,215	1,166,224
Loans payable and other financial liabilities	602,061	602,228
Total non-current liabilities	887,199	736,595
Total liabilities	2,135,414	1,902,819
Trust Created In Brazil [Member]
Securitization Transactions [Line Items]
Restricted cash and cash equivalents	10,375	24,363
Loans receivable, net	70,757	51,471
Total current assets	81,132	75,834
Total assets	81,132	75,834
Accounts payable and accrued expenses	103	113
Loans payable and other financial liabilities	8,089	7,539
Total current liabilities	8,192	7,652
Loans payable and other financial liabilities	46,180	46,441
Total non-current liabilities	46,180	46,441
Total liabilities	$ 54,372	$ 54,093

XML 72 R59.htm IDEA: XBRL DOCUMENT

Leases (Supplemental Balance Sheet Information Related To Leases) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets	$ 153,499
Operating lease liabilities	155,632
Finance Leases	6,724
Amortization depreciation	(235)
Accumulated Depreciation [Member]
Lessee, Lease, Description [Line Items]
Amortization depreciation	(284)
Property And Equipment, At Cost [Member]
Lessee, Lease, Description [Line Items]
Finance Leases	9,119
Property And Equipment, Net [Member]
Lessee, Lease, Description [Line Items]
Finance Leases	8,835
Loans Payable And Other Financial Liabilities [Member]
Lessee, Lease, Description [Line Items]
Finance Leases	$ 6,724

XML 73 R60.htm IDEA: XBRL DOCUMENT

Leases (Summary Of Weighted Average Remaining Lease Term And Discount Rate) (Details)	Mar. 31, 2019
Leases [Abstract]
Weighted average remaining lease term, Operating leases	9 years
Weighted average remaining lease term, Finance leases	5 years
Weighted average discount rate, Operating leases	10.44%
Weighted average discount rate, Finance leases	6.91%

XML 74 R61.htm IDEA: XBRL DOCUMENT

Leases (Components Of Lease Expense) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Leases [Abstract]
Operating lease cost	$ 6,477
Depreciation of property and equipment	235
Interest on lease liabilities	152
Total finance lease cost	$ 387

XML 75 R62.htm IDEA: XBRL DOCUMENT

Leases (Supplemental Cash Flow Information Related To Leases) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 4,124
Financing cash flows from finance leases	662
Right-of-use assets obtained in exchange for lease obligations: Operating leases	35,926
Right-of-use assets obtained in exchange for lease obligations: Finance leases	$ 177

XML 76 R63.htm IDEA: XBRL DOCUMENT

Leases (Maturities Of Lease Liabilities) (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Leases [Abstract]
Operating Leases, One year or less	$ 26,507
Operating Leases, One year to two years	27,364
Operating Leases, Two years to three years	26,469
Operating Leases, Three years to four years	25,383
Operating Leases, Fours years to five years	23,826
Operating Leases, Thereafter	112,956
Operating Leases, Total lease payments	242,505
Operating Leases, Less imputed interest	(86,873)
Operating leases, Total	155,632
Finance Leases, One year or less	1,905
Finance Leases, One year to two years	1,719
Finance Leases, Two years to three years	1,719
Finance Leases, Three years to four years	1,719
Finance Leases, Fours years to five years	1,399
Finance Leases, Thereafter	359
Finance Leases, Total lease payments	8,820
Finance Leases, Less imputed interest	(2,096)
Finance Leases, Total	$ 6,724

EXCEL 77 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 78 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 79 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 80 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.1 html 287 324 1 true 103 0 false 5 false false R1.htm 00090 - Document - Document and Entity Information Sheet http://www.mercadolibre.com/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00100 - Statement - Interim Condensed Consolidated Balance Sheets Sheet http://www.mercadolibre.com/role/StatementInterimCondensedConsolidatedBalanceSheets Interim Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 00105 - Statement - Interim Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://www.mercadolibre.com/role/StatementInterimCondensedConsolidatedBalanceSheetsParenthetical Interim Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00200 - Statement - Interim Condensed Consolidated Statements of Income Sheet http://www.mercadolibre.com/role/StatementInterimCondensedConsolidatedStatementsOfIncome Interim Condensed Consolidated Statements of Income Statements 4 false false R5.htm 00300 - Statement - Interim Condensed Consolidated Statements of Comprehensive Income Sheet http://www.mercadolibre.com/role/StatementInterimCondensedConsolidatedStatementsOfComprehensiveIncome Interim Condensed Consolidated Statements of Comprehensive Income Statements 5 false false R6.htm 00400 - Statement - Interim Condensed Consolidated Statement of Equity Sheet http://www.mercadolibre.com/role/StatementInterimCondensedConsolidatedStatementOfEquity Interim Condensed Consolidated Statement of Equity Statements 6 false false R7.htm 00500 - Statement - Interim Condensed Consolidated Statements of Cash Flow Sheet http://www.mercadolibre.com/role/StatementInterimCondensedConsolidatedStatementsOfCashFlow Interim Condensed Consolidated Statements of Cash Flow Statements 7 false false R8.htm 10101 - Disclosure - Nature of Business Sheet http://www.mercadolibre.com/role/DisclosureNatureOfBusiness Nature of Business Notes 8 false false R9.htm 10201 - Disclosure - Summary of Significant Accounting Policies Sheet http://www.mercadolibre.com/role/DisclosureSummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 9 false false R10.htm 10301 - Disclosure - Net Income (Loss) Per Share Sheet http://www.mercadolibre.com/role/DisclosureNetIncomeLossPerShare Net Income (Loss) Per Share Notes 10 false false R11.htm 10401 - Disclosure - Goodwill and Intangible Assets Sheet http://www.mercadolibre.com/role/DisclosureGoodwillAndIntangibleAssets Goodwill and Intangible Assets Notes 11 false false R12.htm 10501 - Disclosure - Segment Reporting Sheet http://www.mercadolibre.com/role/DisclosureSegmentReporting Segment Reporting Notes 12 false false R13.htm 10601 - Disclosure - Fair Value Measurement of Assets and Liabilities Sheet http://www.mercadolibre.com/role/DisclosureFairValueMeasurementOfAssetsAndLiabilities Fair Value Measurement of Assets and Liabilities Notes 13 false false R14.htm 10701 - Disclosure - Commitments and Contingencies Sheet http://www.mercadolibre.com/role/DisclosureCommitmentsAndContingencies Commitments and Contingencies Notes 14 false false R15.htm 10801 - Disclosure - Long Term Retention Plan Sheet http://www.mercadolibre.com/role/DisclosureLongTermRetentionPlan Long Term Retention Plan Notes 15 false false R16.htm 10901 - Disclosure - Convertible Senior Notes Notes http://www.mercadolibre.com/role/DisclosureConvertibleSeniorNotes Convertible Senior Notes Notes 16 false false R17.htm 11001 - Disclosure - Equity Offerings Sheet http://www.mercadolibre.com/role/DisclosureEquityOfferings Equity Offerings Notes 17 false false R18.htm 11101 - Disclosure - Securitization Transactions Sheet http://www.mercadolibre.com/role/DisclosureSecuritizationTransactions Securitization Transactions Notes 18 false false R19.htm 11201 - Disclosure - Leases Sheet http://www.mercadolibre.com/role/DisclosureLeases Leases Notes 19 false false R20.htm 20202 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://www.mercadolibre.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://www.mercadolibre.com/role/DisclosureSummaryOfSignificantAccountingPolicies 20 false false R21.htm 30203 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://www.mercadolibre.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://www.mercadolibre.com/role/DisclosureSummaryOfSignificantAccountingPolicies 21 false false R22.htm 30303 - Disclosure - Net Income (Loss) Per Share (Tables) Sheet http://www.mercadolibre.com/role/DisclosureNetIncomeLossPerShareTables Net Income (Loss) Per Share (Tables) Tables http://www.mercadolibre.com/role/DisclosureNetIncomeLossPerShare 22 false false R23.htm 30403 - Disclosure - Goodwill and Intangible Assets (Tables) Sheet http://www.mercadolibre.com/role/DisclosureGoodwillAndIntangibleAssetsTables Goodwill and Intangible Assets (Tables) Tables http://www.mercadolibre.com/role/DisclosureGoodwillAndIntangibleAssets 23 false false R24.htm 30503 - Disclosure - Segment Reporting (Tables) Sheet http://www.mercadolibre.com/role/DisclosureSegmentReportingTables Segment Reporting (Tables) Tables http://www.mercadolibre.com/role/DisclosureSegmentReporting 24 false false R25.htm 30603 - Disclosure - Fair Value Measurement of Assets and Liabilities (Tables) Sheet http://www.mercadolibre.com/role/DisclosureFairValueMeasurementOfAssetsAndLiabilitiesTables Fair Value Measurement of Assets and Liabilities (Tables) Tables http://www.mercadolibre.com/role/DisclosureFairValueMeasurementOfAssetsAndLiabilities 25 false false R26.htm 30803 - Disclosure - Long Term Retention Plan (Tables) Sheet http://www.mercadolibre.com/role/DisclosureLongTermRetentionPlanTables Long Term Retention Plan (Tables) Tables http://www.mercadolibre.com/role/DisclosureLongTermRetentionPlan 26 false false R27.htm 30903 - Disclosure - Convertible Senior Notes (Tables) Notes http://www.mercadolibre.com/role/DisclosureConvertibleSeniorNotesTables Convertible Senior Notes (Tables) Tables http://www.mercadolibre.com/role/DisclosureConvertibleSeniorNotes 27 false false R28.htm 31103 - Disclosure - Securitization Transactions (Tables) Sheet http://www.mercadolibre.com/role/DisclosureSecuritizationTransactionsTables Securitization Transactions (Tables) Tables http://www.mercadolibre.com/role/DisclosureSecuritizationTransactions 28 false false R29.htm 31203 - Disclosure - Leases (Tables) Sheet http://www.mercadolibre.com/role/DisclosureLeasesTables Leases (Tables) Tables http://www.mercadolibre.com/role/DisclosureLeases 29 false false R30.htm 40201 - Disclosure - Summary of Significant Accounting Policies (Narrative) (Details) Sheet http://www.mercadolibre.com/role/DisclosureSummaryOfSignificantAccountingPoliciesNarrativeDetails Summary of Significant Accounting Policies (Narrative) (Details) Details http://www.mercadolibre.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables 30 false false R31.htm 40203 - Disclosure - Summary of Significant Accounting Policies (Accumulated Other Comprehensive Loss) (Details) Sheet http://www.mercadolibre.com/role/DisclosureSummaryOfSignificantAccountingPoliciesAccumulatedOtherComprehensiveLossDetails Summary of Significant Accounting Policies (Accumulated Other Comprehensive Loss) (Details) Details http://www.mercadolibre.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables 31 false false R32.htm 40204 - Disclosure - Summary of Significant Accounting Policies (Summary of Changes in Accumulated Balances of Other Comprehensive Loss) (Details) Sheet http://www.mercadolibre.com/role/DisclosureSummaryOfSignificantAccountingPoliciesSummaryOfChangesInAccumulatedBalancesOfOtherComprehensiveLossDetails Summary of Significant Accounting Policies (Summary of Changes in Accumulated Balances of Other Comprehensive Loss) (Details) Details http://www.mercadolibre.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables 32 false false R33.htm 40205 - Disclosure - Summary of Significant Accounting Policies (Reclassifications Out of Accumulated Other Comprehensive Loss) (Details) Sheet http://www.mercadolibre.com/role/DisclosureSummaryOfSignificantAccountingPoliciesReclassificationsOutOfAccumulatedOtherComprehensiveLossDetails Summary of Significant Accounting Policies (Reclassifications Out of Accumulated Other Comprehensive Loss) (Details) Details http://www.mercadolibre.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables 33 false false R34.htm 40301 - Disclosure - Net Income (Loss) Per Share (Narrative) (Details) Sheet http://www.mercadolibre.com/role/DisclosureNetIncomeLossPerShareNarrativeDetails Net Income (Loss) Per Share (Narrative) (Details) Details http://www.mercadolibre.com/role/DisclosureNetIncomeLossPerShareTables 34 false false R35.htm 40303 - Disclosure - Net Income (Loss) Per Share (Net (Loss) Income Per Share of Common Stock) (Details) Sheet http://www.mercadolibre.com/role/DisclosureNetIncomeLossPerShareNetLossIncomePerShareOfCommonStockDetails Net Income (Loss) Per Share (Net (Loss) Income Per Share of Common Stock) (Details) Details http://www.mercadolibre.com/role/DisclosureNetIncomeLossPerShareTables 35 false false R36.htm 40401 - Disclosure - Goodwill and Intangible Assets (Narrative) (Details) Sheet http://www.mercadolibre.com/role/DisclosureGoodwillAndIntangibleAssetsNarrativeDetails Goodwill and Intangible Assets (Narrative) (Details) Details http://www.mercadolibre.com/role/DisclosureGoodwillAndIntangibleAssetsTables 36 false false R37.htm 40404 - Disclosure - Goodwill and Intangible Assets (Composition of Goodwill and Intangible Assets) (Details) Sheet http://www.mercadolibre.com/role/DisclosureGoodwillAndIntangibleAssetsCompositionOfGoodwillAndIntangibleAssetsDetails Goodwill and Intangible Assets (Composition of Goodwill and Intangible Assets) (Details) Details http://www.mercadolibre.com/role/DisclosureGoodwillAndIntangibleAssetsTables 37 false false R38.htm 40405 - Disclosure - Goodwill and Intangible Assets (Changes in Carrying Amount of Goodwill) (Details) Sheet http://www.mercadolibre.com/role/DisclosureGoodwillAndIntangibleAssetsChangesInCarryingAmountOfGoodwillDetails Goodwill and Intangible Assets (Changes in Carrying Amount of Goodwill) (Details) Details http://www.mercadolibre.com/role/DisclosureGoodwillAndIntangibleAssetsTables 38 false false R39.htm 40406 - Disclosure - Goodwill and Intangible Assets (Expected Intangible Asset Amortization Expense) (Details) Sheet http://www.mercadolibre.com/role/DisclosureGoodwillAndIntangibleAssetsExpectedIntangibleAssetAmortizationExpenseDetails Goodwill and Intangible Assets (Expected Intangible Asset Amortization Expense) (Details) Details http://www.mercadolibre.com/role/DisclosureGoodwillAndIntangibleAssetsTables 39 false false R40.htm 40502 - Disclosure - Segment Reporting (Financial Performance of Company's Reporting Segments) (Details) Sheet http://www.mercadolibre.com/role/DisclosureSegmentReportingFinancialPerformanceOfCompanySReportingSegmentsDetails Segment Reporting (Financial Performance of Company's Reporting Segments) (Details) Details http://www.mercadolibre.com/role/DisclosureSegmentReportingTables 40 false false R41.htm 40503 - Disclosure - Segment Reporting (Allocation of Long-Lived Tangible Assets Based on Geography) (Details) Sheet http://www.mercadolibre.com/role/DisclosureSegmentReportingAllocationOfLongLivedTangibleAssetsBasedOnGeographyDetails Segment Reporting (Allocation of Long-Lived Tangible Assets Based on Geography) (Details) Details http://www.mercadolibre.com/role/DisclosureSegmentReportingTables 41 false false R42.htm 40504 - Disclosure - Segment Reporting (Allocation of Goodwill and Intangible Assets Based on Geography) (Details) Sheet http://www.mercadolibre.com/role/DisclosureSegmentReportingAllocationOfGoodwillAndIntangibleAssetsBasedOnGeographyDetails Segment Reporting (Allocation of Goodwill and Intangible Assets Based on Geography) (Details) Details http://www.mercadolibre.com/role/DisclosureSegmentReportingTables 42 false false R43.htm 40505 - Disclosure - Segment Reporting (Consolidated Net Revenues by Similar Products and Services) (Details) Sheet http://www.mercadolibre.com/role/DisclosureSegmentReportingConsolidatedNetRevenuesBySimilarProductsAndServicesDetails Segment Reporting (Consolidated Net Revenues by Similar Products and Services) (Details) Details http://www.mercadolibre.com/role/DisclosureSegmentReportingTables 43 false false R44.htm 40601 - Disclosure - Fair Value Measurement of Assets and Liabilities (Narrative) (Details) Sheet http://www.mercadolibre.com/role/DisclosureFairValueMeasurementOfAssetsAndLiabilitiesNarrativeDetails Fair Value Measurement of Assets and Liabilities (Narrative) (Details) Details http://www.mercadolibre.com/role/DisclosureFairValueMeasurementOfAssetsAndLiabilitiesTables 44 false false R45.htm 40602 - Disclosure - Fair Value Measurement of Assets and Liabilities (Financial Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) Sheet http://www.mercadolibre.com/role/DisclosureFairValueMeasurementOfAssetsAndLiabilitiesFinancialAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisDetails Fair Value Measurement of Assets and Liabilities (Financial Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) Details http://www.mercadolibre.com/role/DisclosureFairValueMeasurementOfAssetsAndLiabilitiesTables 45 false false R46.htm 40603 - Disclosure - Fair Value Measurement of Assets and Liabilities (Fair Value of Financial Assets and Liabilities Measured at Amortized Cost) (Details) Sheet http://www.mercadolibre.com/role/DisclosureFairValueMeasurementOfAssetsAndLiabilitiesFairValueOfFinancialAssetsAndLiabilitiesMeasuredAtAmortizedCostDetails Fair Value Measurement of Assets and Liabilities (Fair Value of Financial Assets and Liabilities Measured at Amortized Cost) (Details) Details http://www.mercadolibre.com/role/DisclosureFairValueMeasurementOfAssetsAndLiabilitiesTables 46 false false R47.htm 40604 - Disclosure - Fair Value Measurement of Assets and Liabilities (Fair Value of Money Market Funds, Short and Long-Term Investments Classified as Available for Sale Securities) (Details) Sheet http://www.mercadolibre.com/role/DisclosureFairValueMeasurementOfAssetsAndLiabilitiesFairValueOfMoneyMarketFundsShortAndLongTermInvestmentsClassifiedAsAvailableForSaleSecuritiesDetails Fair Value Measurement of Assets and Liabilities (Fair Value of Money Market Funds, Short and Long-Term Investments Classified as Available for Sale Securities) (Details) Details http://www.mercadolibre.com/role/DisclosureFairValueMeasurementOfAssetsAndLiabilitiesTables 47 false false R48.htm 40605 - Disclosure - Fair Value Measurement of Assets and Liabilities (Estimated Fair Values Of Cash Equivalents, Short-Term and Long-Term Investments, Effective Maturities) (Details) Sheet http://www.mercadolibre.com/role/DisclosureFairValueMeasurementOfAssetsAndLiabilitiesEstimatedFairValuesOfCashEquivalentsShortTermAndLongTermInvestmentsEffectiveMaturitiesDetails Fair Value Measurement of Assets and Liabilities (Estimated Fair Values Of Cash Equivalents, Short-Term and Long-Term Investments, Effective Maturities) (Details) Details http://www.mercadolibre.com/role/DisclosureFairValueMeasurementOfAssetsAndLiabilitiesTables 48 false false R49.htm 40701 - Disclosure - Commitments and Contingencies (Narrative I) (Details) Sheet http://www.mercadolibre.com/role/DisclosureCommitmentsAndContingenciesNarrativeIDetails Commitments and Contingencies (Narrative I) (Details) Details http://www.mercadolibre.com/role/DisclosureCommitmentsAndContingencies 49 false false R50.htm 40702 - Disclosure - Commitments and Contingencies (Narrative II) (Details) Sheet http://www.mercadolibre.com/role/DisclosureCommitmentsAndContingenciesNarrativeIiDetails Commitments and Contingencies (Narrative II) (Details) Details http://www.mercadolibre.com/role/DisclosureCommitmentsAndContingencies 50 false false R51.htm 40803 - Disclosure - Long Term Retention Plan (Long Term Retention Plans Accrued Compensation Expense) (Details) Sheet http://www.mercadolibre.com/role/DisclosureLongTermRetentionPlanLongTermRetentionPlansAccruedCompensationExpenseDetails Long Term Retention Plan (Long Term Retention Plans Accrued Compensation Expense) (Details) Details http://www.mercadolibre.com/role/DisclosureLongTermRetentionPlanTables 51 false false R52.htm 40901 - Disclosure - Convertible Senior Notes (Narrative) (Details) Notes http://www.mercadolibre.com/role/DisclosureConvertibleSeniorNotesNarrativeDetails Convertible Senior Notes (Narrative) (Details) Details http://www.mercadolibre.com/role/DisclosureConvertibleSeniorNotesTables 52 false false R53.htm 40902 - Disclosure - Convertible Senior Notes (Carrying Amounts of Liability and Equity Components) (Details) Notes http://www.mercadolibre.com/role/DisclosureConvertibleSeniorNotesCarryingAmountsOfLiabilityAndEquityComponentsDetails Convertible Senior Notes (Carrying Amounts of Liability and Equity Components) (Details) Details http://www.mercadolibre.com/role/DisclosureConvertibleSeniorNotesTables 53 false false R54.htm 40903 - Disclosure - Convertible Senior Notes (Carrying Amounts of Liability and Equity Components - Additional Information) (Details) Notes http://www.mercadolibre.com/role/DisclosureConvertibleSeniorNotesCarryingAmountsOfLiabilityAndEquityComponentsAdditionalInformationDetails Convertible Senior Notes (Carrying Amounts of Liability and Equity Components - Additional Information) (Details) Details http://www.mercadolibre.com/role/DisclosureConvertibleSeniorNotesTables 54 false false R55.htm 40904 - Disclosure - Convertible Senior Notes (Summary of Interest Expense for Contractual Interest and Accretion of Debt Discount) (Details) Notes http://www.mercadolibre.com/role/DisclosureConvertibleSeniorNotesSummaryOfInterestExpenseForContractualInterestAndAccretionOfDebtDiscountDetails Convertible Senior Notes (Summary of Interest Expense for Contractual Interest and Accretion of Debt Discount) (Details) Details http://www.mercadolibre.com/role/DisclosureConvertibleSeniorNotesTables 55 false false R56.htm 41001 - Disclosure - Equity Offerings (Details) Sheet http://www.mercadolibre.com/role/DisclosureEquityOfferingsDetails Equity Offerings (Details) Details http://www.mercadolibre.com/role/DisclosureEquityOfferings 56 false false R57.htm 41101 - Disclosure - Securitization Transaction (Narrative) (Details) Sheet http://www.mercadolibre.com/role/DisclosureSecuritizationTransactionNarrativeDetails Securitization Transaction (Narrative) (Details) Details http://www.mercadolibre.com/role/DisclosureSecuritizationTransactionsTables 57 false false R58.htm 41102 - Disclosure - Securitization Transaction (Assets And Liabilities Of The Trust) (Details) Sheet http://www.mercadolibre.com/role/DisclosureSecuritizationTransactionAssetsAndLiabilitiesOfTrustDetails Securitization Transaction (Assets And Liabilities Of The Trust) (Details) Details http://www.mercadolibre.com/role/DisclosureSecuritizationTransactionsTables 58 false false R59.htm 41202 - Disclosure - Leases (Supplemental Balance Sheet Information Related To Leases) (Details) Sheet http://www.mercadolibre.com/role/DisclosureLeasesSupplementalBalanceSheetInformationRelatedToLeasesDetails Leases (Supplemental Balance Sheet Information Related To Leases) (Details) Details http://www.mercadolibre.com/role/DisclosureLeasesTables 59 false false R60.htm 41203 - Disclosure - Leases (Summary Of Weighted Average Remaining Lease Term And Discount Rate) (Details) Sheet http://www.mercadolibre.com/role/DisclosureLeasesSummaryOfWeightedAverageRemainingLeaseTermAndDiscountRateDetails Leases (Summary Of Weighted Average Remaining Lease Term And Discount Rate) (Details) Details http://www.mercadolibre.com/role/DisclosureLeasesTables 60 false false R61.htm 41204 - Disclosure - Leases (Components Of Lease Expense) (Details) Sheet http://www.mercadolibre.com/role/DisclosureLeasesComponentsOfLeaseExpenseDetails Leases (Components Of Lease Expense) (Details) Details http://www.mercadolibre.com/role/DisclosureLeasesTables 61 false false R62.htm 41205 - Disclosure - Leases (Supplemental Cash Flow Information Related To Leases) (Details) Sheet http://www.mercadolibre.com/role/DisclosureLeasesSupplementalCashFlowInformationRelatedToLeasesDetails Leases (Supplemental Cash Flow Information Related To Leases) (Details) Details http://www.mercadolibre.com/role/DisclosureLeasesTables 62 false false R63.htm 41206 - Disclosure - Leases (Maturities Of Lease Liabilities) (Details) Sheet http://www.mercadolibre.com/role/DisclosureLeasesMaturitiesOfLeaseLiabilitiesDetails Leases (Maturities Of Lease Liabilities) (Details) Details http://www.mercadolibre.com/role/DisclosureLeasesTables 63 false false All Reports Book All Reports meli-20190331.xml meli-20190331.xsd meli-20190331_cal.xml meli-20190331_def.xml meli-20190331_lab.xml meli-20190331_pre.xml http://fasb.org/srt/2018-01-31 http://xbrl.sec.gov/dei/2018-01-31 http://fasb.org/us-gaap/2018-01-31 http://xbrl.sec.gov/country/2017-01-31 true true ZIP 82 0001562762-19-000123-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001562762-19-000123-xbrl.zip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end