Supplemental Financial Information

9 Months Ended

Sep. 30, 2023

Quarterly Financial Information Disclosure [Abstract]

Supplemental Disclosure of Cash flow Information


	Nine Months Ended September 30,
(in thousands)	2023		2022
Supplemental disclosure of cash flow information
Cash paid for income taxes, net of refunds	$	49,191	$	2,851
Cash paid for interest	$	20,418	$	17,142
Cash paid for the amount used to measure the operating lease liabilities	$	325,381	$	273,485
Operating lease assets obtained in exchange for lease obligations	$	321,476	$	355,149
Net increase to operating lease right-of-use assets resulting from remeasurements of lease obligations	$	76,823	$	4,637
Non-cash investing and financing activities
Increase (decrease) in property and equipment-related accounts payable	$	13,585	$	(72,052)

Supplier Financing Arrangements

We have agreements with third-party financial institutions to facilitate participating vendors’ and suppliers’ ability to settle payment obligations from us to designated third-party financial institutions. Participating vendors and suppliers may, at their sole discretion, settle obligations prior to their scheduled due dates at a discounted price to the participating financial institutions. The invoices that have been confirmed as valid under the program require payment, in full, based on the original standard invoice terms. Confirmed invoices owed to financial institutions under these programs are included within accounts payable and were $431 million and $337 million as of September 30, 2023 and December 31, 2022, respectively. Coupang or the financial institutions may terminate the agreement upon given notice.

Fulfillment Center Fire

In June 2021, a fire extensively damaged our Deokpyeong fulfillment center (“FC Fire”) resulting in a loss of the inventory, building, equipment, and other assets at the site.

While we are insured on property losses from the FC Fire, investigations surrounding the fire continue. In September 2023 we received an additional refundable insurance cash advance payment of $59 million. We previously received a refundable cash advance payment in December 2022. We have recorded these refundable advances within other current liabilities when received and have not recognized any insurance benefit in our consolidated statements of operations to date. Whether and to what extent the advances will become non-refundable or additional proceeds will be received is currently unknown.

Accumulated Other Comprehensive (Loss) Income

Accumulated other comprehensive (loss) income includes all changes in equity during a period that have yet to be recognized in income. The major components are foreign currency translation adjustments and actuarial gains (losses) on our defined severance benefits. As of September 30, 2023 and December 31, 2022, the ending balance in accumulated other comprehensive (loss) income related to foreign currency translation adjustments was $(8) million and $45 million, respectively, and the amount related to actuarial losses on defined severance benefits was $(51) million and $(43) million, respectively.