Coupang Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
CPNG$16.42+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| (in millions, except per share amounts) | 2024 | 2023 |
| Net retail sales | $5,895 | $5,205 |
| Net other revenue | 1,219 | 596 |
| Total net revenues | 7,114 | 5,801 |
| Cost of sales | 5,185 | 4,381 |
| Operating, general and administrative | 1,889 | 1,313 |
| Total operating cost and expenses | 7,074 | 5,694 |
| Operating income | 40 | 107 |
| Interest income | 55 | 32 |
| Interest expense | (27) | (8) |
| Other expense, net | (9) | (7) |
| Income before income taxes | 59 | 124 |
| Income tax expense | 83 | 33 |
| Net (loss) income | $(24) | $91 |
| Net loss attributable to noncontrolling interests | (29) | — |
| Net income attributable to Coupang stockholders | $5 | $91 |
| Earnings per share | ||
| Basic | $— | $0.05 |
| Diluted | $— | $0.05 |
| Weighted-average shares outstanding | ||
| Basic | 1,794 | 1,775 |
| Diluted | 1,815 | 1,794 |
| Coupang, Inc. | Q1 2024 Form 10-Q | 4 |
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