Coupang, Inc.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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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.
Sep 30, 2025 · Filed Nov 4, 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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Condensed Consolidated Statements of Cash Flows
Table of Contents
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, | ||
|---|---|---|
| (in millions) | 2025 | 2024 |
| Operating activities | ||
| Net income (loss) | $240 | $(65) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 381 | 313 |
| Provision for severance benefits | 177 | 138 |
| Equity-based compensation | 352 | 311 |
| Non-cash operating lease expense | 369 | 325 |
| Deferred income taxes | (4) | 142 |
| Other | 178 | 175 |
| Change in operating assets and liabilities, net of acquisition: | ||
| Accounts receivable, net | 9 | 116 |
| Inventories | (408) | (234) |
| Other assets | (405) | (264) |
| Accounts payable | 935 | 310 |
| Accrued expenses | (9) | 32 |
| Other liabilities | (124) | (89) |
| Net cash provided by operating activities | 1,691 | 1,210 |
| Investing activities | ||
| Purchases of property and equipment | (891) | (665) |
| Proceeds from sale of property and equipment | 5 | 8 |
| Net cash acquired in acquisition | — | 68 |
| Other investing activities | 8 | (89) |
| Net cash used in investing activities | (878) | (678) |
| Financing activities | ||
| Proceeds from issuance of common stock, equity-based compensation plan | 4 | 3 |
| Repurchase of Class A common stock | (81) | (178) |
| Proceeds from short-term borrowings and long-term debt | 2,182 | 425 |
| Repayment of short-term borrowings and long-term debt | (1,817) | (383) |
| Other financing activities | (28) | 44 |
| Net cash provided by (used in) financing activities | 260 | (89) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 220 | (78) |
| Net increase in cash and cash equivalents and restricted cash | 1,293 | 365 |
| Cash and cash equivalents and restricted cash, as of beginning of period | 6,031 | 5,597 |
| Cash and cash equivalents and restricted cash, as of end of period | $7,324 | $5,962 |
| Coupang, Inc. | Q3 2025 Form 10-Q | 9 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.