Coupang Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
CPNG$16.33-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Table of Contents
| (in millions) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating activities | |||
| Net income (loss) | $66 | $1,360 | $(92) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 433 | 275 | 231 |
| Provision for severance benefits | 187 | 159 | 161 |
| Equity-based compensation | 433 | 326 | 262 |
| Non-cash operating lease expense | 432 | 338 | 310 |
| Deferred income taxes | 225 | (884) | (41) |
| Fulfillment center fire insurance gain | (175) | — | — |
| Non-cash others | 250 | 140 | 112 |
| Change in operating assets and liabilities: | |||
| Accounts receivable, net | 209 | (133) | (34) |
| Inventories | (376) | (44) | (367) |
| Other assets | (152) | (153) | (249) |
| Accounts payable | 507 | 1,514 | 444 |
| Accrued expenses | 60 | 43 | 7 |
| Other liabilities | (213) | (289) | (179) |
| Net cash provided by operating activities | 1,886 | 2,652 | 565 |
| Investing activities | |||
| Purchases of property and equipment | (879) | (896) | (824) |
| Proceeds from sale of property and equipment | 9 | 19 | 13 |
| Net cash acquired in acquisition | 68 | — | — |
| Other investing activities | (17) | (50) | (37) |
| Net cash used in investing activities | (819) | (927) | (848) |
| Financing activities | |||
| Proceeds from issuance of common stock, equity-based compensation plan | 4 | 9 | 18 |
| Repurchase of Class A common stock | (178) | — | — |
| Proceeds from short-term borrowings and long-term debt | 857 | 572 | 701 |
| Repayment of short-term borrowings and long-term debt | (794) | (392) | (467) |
| Net short-term borrowings and other financing activities | 42 | 10 | (5) |
| Net cash (used in) provided by financing activities | (69) | 199 | 247 |
| Effect of exchange rate changes on cash and cash equivalents, and restricted cash | (564) | (14) | (87) |
| Net increase (decrease) in cash and cash equivalents, and restricted cash | 434 | 1,910 | (123) |
| Cash and cash equivalents, and restricted cash, as of beginning of period | 5,597 | 3,687 | 3,810 |
| Cash and cash equivalents, and restricted cash, as of end of period | $6,031 | $5,597 | $3,687 |
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