Schedule I - Condensed Financial information of Parent (Coupang, Inc.)

12 Months Ended

Dec. 31, 2022

COUPANG, INC.

Schedule I - Condensed Financial Information of Parent (COUPANG, INC.)

Condensed Statements of Operations and Comprehensive Loss


(in thousands)	2022		2021		2020
Management service fee revenues	$	17,248	$	17,003	$	—


Operating cost and expenses	(323,603)		(349,439)		(52,067)
Interest expense	(1,775)		(21,580)		(91,035)
Other income, net	27,003		2,575		149,835
(Loss) income before equity in earnings (losses) of subsidiaries	(281,127)		(351,441)		6,733

Equity in earnings (losses) of subsidiaries	189,085		(1,191,149)		(469,890)

Net loss	(92,042)		(1,542,590)		(463,157)
Less: premium on repurchase of redeemable convertible preferred units	—		—		(92,734)
Net loss attributable to Class A and Class B common stockholders	$	(92,042)	$	(1,542,590)	$	(555,891)

Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax	8,741		40,844		(20,730)
Actuarial gain (loss) on defined severance benefits, net of tax	41,217		(57,490)		(18,005)
Total other comprehensive income (loss)	49,958		(16,646)		(38,735)
Comprehensive loss	$	(42,084)	$	(1,559,236)	$	(501,892)

See accompanying notes to condensed financial statements.

COUPANG, INC.

Schedule I - Condensed Financial Information of Parent (COUPANG, INC.)

Condensed Balance Sheets


(in thousands)	December 31, 2022		December 31, 2021
Assets
Cash and cash equivalents	$	1,594,566	$	2,358,035
Restricted cash	57,000		—
Other current assets	10,815		46,386
Total current assets	1,662,381		2,404,421

Other long-term assets	766		1,426
Investment in subsidiaries	762,428		(145,577)
Total assets	$	2,425,575	$	2,260,270

Liabilities and stockholders' equity


Other current liabilities	$	11,662	$	84,313
Total current liabilities	11,662		84,313



Total liabilities	11,662		84,313

Stockholders' equity

Class A and Class B common stock	177		175
Additional paid-in capital	8,154,076		7,874,038
Accumulated other comprehensive income (loss)	2,219		(47,739)
Accumulated deficit	(5,742,559)		(5,650,517)
Total stockholders' equity	2,413,913		2,175,957
Total liabilities and stockholders' equity	$	2,425,575	$	2,260,270

See accompanying notes to condensed financial statements.

COUPANG, INC.

Schedule I - Condensed Financial Information of Parent (COUPANG, INC.)

Condensed Statements of Cash Flows


(in thousands)	2022		2021		2020
Operating activities
Net cash used in operating activities	$	(79,277)	$	(57,783)	$	(7,587)

Investing activities
Capital contribution to subsidiaries	(725,400)		(1,273,629)		(184,490)
Return of capital contribution from subsidiaries	80,434		202,834		253,921
Net cash (used in) provided by investing activities	(644,966)		(1,070,795)		69,431

Financing activities
Repurchase of common units and preferred units	—		—		(97,043)
Proceeds from issuance of common units and preferred units, net of issuance costs	—		3,431,277		28,613
Deferred offering costs paid	—		(11,618)		—
Proceeds from issuance of common stock/units, equity-based compensation plan	17,774		62,281		—

Other, net	—		(1,663)		—
Net cash provided by (used in) financing activities	17,774		3,480,277		(68,430)

Cash and cash equivalents
Net (decrease) increase in cash and cash equivalents	(706,469)		2,351,699		(6,586)
Cash and cash equivalents as of beginning of the period	2,358,035		6,336		12,922
Cash and cash equivalents as of end of the period	$	1,651,566	$	2,358,035	$	6,336

See accompanying notes to condensed financial statements.