Coupang Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	208	154	1,360	-92	-1,543
Depreciation & Amortization	517	433	275	231	201
Stock-Based Compensation	475	433	326	262	249
Other Operating Activities	1,005	831	-247	542	750
Change in Accounts Receivable	37	209	-133	-34	-120
Change in Inventory	-233	-376	-44	-367	-528
Change in Accounts Payable	515	507	1,514	444	728
Change in Other Net Operating Assets	-751	-305	-399	-421	-148
Operating Cash Flow	1,773	1,886	2,652	565	-411
Operating Cash Flow Growth	-5.99%	-28.88%	369.38%	-	-
Capital Expenditures	-1,251	-879	-896	-824	-674
Sale of Property, Plant & Equipment	5	9	19	13	2
Cash Acquisitions	-	68	-	-	-
Other Investing Activities	-8	-17	-50	-37	-4
Investing Cash Flow	-1,254	-819	-927	-848	-676
Long-Term Debt Issued	2,900	857	572	701	434
Total Debt Issued	2,900	857	572	701	434
Short-Term Debt Repaid	-	-	-	-5	-2
Long-Term Debt Repaid	-2,881	-794	-392	-467	-336
Total Debt Repaid	-2,881	-794	-392	-472	-338
Net Debt Issued (Repaid)	19	63	180	229	96
Issuance of Common Stock	5	4	9	18	3,493
Repurchase of Common Stock	-243	-178	-	-	-
Other Financing Activities	-28	42	10	-	-12
Financing Cash Flow	-247	-69	199	247	3,577
Foreign Exchange Rate Adjustments	109	-564	-14	-87	-81
Net Cash Flow	381	434	1,910	-123	2,409
Free Cash Flow	522	1,007	1,756	-259	-1,085
Free Cash Flow Growth	-48.16%	-42.65%	-	-	-
Free Cash Flow Margin	1.51%	3.33%	7.20%	-1.26%	-5.90%
Free Cash Flow Per Share	0.28	0.55	0.97	-0.15	-0.76
Cash Interest Paid	65	85	31	19	21
Cash Income Tax Paid	177	138	110	6	3
Levered Free Cash Flow	843.5	351	1,284	-264.47	-772.66
Unlevered Free Cash Flow	897.25	438.5	1,314	-247.6	-744.54
Change in Working Capital	-432	35	938	-378	-68

Source: S&P Global Market Intelligence. Standard template. Financial Sources.