Coupang Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Operating activities | |||
| Net income (loss) | $1,360 | $(92) | $(1,543) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 275 | 231 | 201 |
| Provision for severance benefits | 159 | 161 | 128 |
| Equity-based compensation | 326 | 262 | 249 |
| Inventory and fixed asset losses due to fulfillment center fire | — | — | 285 |
| Non-cash operating lease expense | 338 | 310 | 259 |
| Deferred income taxes | (884) | (41) | — |
| Non-cash others | 140 | 112 | 78 |
| Change in operating assets and liabilities: | |||
| Accounts receivable, net | (133) | (34) | (120) |
| Inventories | (44) | (367) | (528) |
| Other assets | (153) | (249) | (178) |
| Accounts payable | 1,514 | 444 | 728 |
| Accrued expenses | 43 | 7 | 207 |
| Other liabilities | (289) | (179) | (177) |
| Net cash provided by (used in) operating activities | 2,652 | 565 | (411) |
| Investing activities | |||
| Purchases of property and equipment | (896) | (824) | (674) |
| Proceeds from sale of property and equipment | 19 | 13 | 2 |
| Other investing activities | (50) | (37) | (4) |
| Net cash used in investing activities | (927) | (848) | (676) |
| Financing activities | |||
| Proceeds from issuance of Class A common stock upon initial public offering, net of underwriting discounts | — | — | 3,431 |
| Deferred offering costs paid | — | — | (12) |
| Proceeds from issuance of common stock/units, equity-based compensation plan | 9 | 18 | 62 |
| Proceeds from short-term borrowings and long-term debt | 572 | 701 | 434 |
| Repayment of short-term borrowings and long-term debt | (392) | (467) | (336) |
| Net short-term borrowings and other financing activities | 10 | (5) | (2) |
| Net cash provided by financing activities | 199 | 247 | 3,577 |
| Effect of exchange rate changes on cash and cash equivalents, and restricted cash | (14) | (87) | (81) |
| Net increase (decrease) in cash and cash equivalents, and restricted cash | 1,910 | (123) | 2,409 |
| Cash and cash equivalents, and restricted cash, as of beginning of period | 3,687 | 3,810 | 1,401 |
| Cash and cash equivalents, and restricted cash, as of end of period | $5,597 | $3,687 | $3,810 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.