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Schedule I - Condensed Financial information of Parent (Coupang, Inc.)
 12 Months Ended
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Schedule I - Condensed Financial information of Parent (Coupang, Inc.)
COUPANG, INC.
Schedule I - Condensed Financial Information of Parent (COUPANG, INC.)
Condensed Statements of Operations and Comprehensive Income/(Loss)
(in millions)
202320222021
Management service fee revenues$18 $17 $17 
Operating cost and expenses(400)(324)(349)
Interest expense(2)(2)(22)
Other income, net84 28 2 
Loss before equity in earnings (losses) of subsidiaries(300)(281)(352)
Equity in earnings (losses) of subsidiaries1,783 189 (1,191)
Income (loss) before taxes1,483 (92)(1,543)
Income tax expense123 — — 
Net income (loss)$1,360 $(92)$(1,543)
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax(2)9 41 
Actuarial (loss) gain on defined severance benefits, net of tax
(18)41 (57)
Total other comprehensive (loss) income
(20)50 (16)
Comprehensive income (loss)$1,340 $(42)$(1,559)
See accompanying notes to condensed financial statements.
COUPANG, INC.
Schedule I - Condensed Financial Information of Parent (COUPANG, INC.)
Condensed Balance Sheets
(in millions)
December 31, 2023December 31, 2022
Assets
Cash and cash equivalents$1,592 $1,595 
Restricted cash79 57 
Other current assets20 10 
Total current assets1,691 1,662 
Other assets12 1 
Investment in subsidiaries2,438 763 
Total assets$4,141 $2,426 
Liabilities and stockholders' equity
Other current liabilities$42 $12 
Total current liabilities42 12 
Other liabilities10 — 
Total liabilities52 12 
Stockholders' equity
Common stock— — 
Additional paid-in capital8,489 8,154 
Accumulated other comprehensive (loss) income
(17)3 
Accumulated deficit(4,383)(5,743)
Total stockholders' equity4,089 2,414 
Total liabilities and stockholders' equity$4,141 $2,426 
See accompanying notes to condensed financial statements.
COUPANG, INC.
Schedule I - Condensed Financial Information of Parent (COUPANG, INC.)
Condensed Statements of Cash Flows
(in millions)
202320222021
Operating activities
Net cash provided by (used in) operating activities
$95 $(79)$(58)
Investing activities
Capital contribution to subsidiaries(121)(725)(1,274)
Return of capital contribution from subsidiaries61 80 204 
Increase of short-term loans(25)— — 
Net cash used in investing activities
(85)(645)(1,070)
Financing activities
Proceeds from issuance of common units and preferred units, net of issuance costs— — 3,431 
Deferred offering costs paid— — (12)
Proceeds from issuance of common stock/units, equity-based compensation plan9 18 62 
Other, net— — (1)
Net cash provided by financing activities
9 18 3,480 
Cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
19 (706)2,352 
Cash and cash equivalents as of beginning of the period1,652 2,358 6 
Cash and cash equivalents as of end of the period$1,671 $1,652 $2,358 
See accompanying notes to condensed financial statements.