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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income (loss) $ 1,360 $ (92) $ (1,543)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 275 231 201
Provision for severance benefits 159 161 128
Equity-based compensation 326 262 249
Inventory and fixed asset losses due to fulfillment center fire 0 0 285
Non-cash operating lease expense 338 310 259
Deferred income taxes (884) (41) 0
Non-cash others 140 112 78
Change in operating assets and liabilities:      
Accounts receivable, net (133) (34) (120)
Inventories (44) (367) (528)
Other assets (153) (249) (178)
Accounts payable 1,514 444 728
Accrued expenses 43 7 207
Other liabilities (289) (179) (177)
Net cash provided by (used in) operating activities 2,652 565 (411)
Investing activities      
Purchases of property and equipment (896) (824) (674)
Proceeds from sale of property and equipment 19 13 2
Other investing activities (50) (37) (4)
Net cash used in investing activities (927) (848) (676)
Financing activities      
Proceeds from issuance of Class A common stock upon initial public offering, net of underwriting discounts 0 0 3,431
Deferred offering costs paid 0 0 (12)
Proceeds from issuance of common stock/units, equity-based compensation plan 9 18 62
Proceeds from short-term borrowings and long-term debt 572 701 434
Repayment of short-term borrowings and long-term debt (392) (467) (336)
Net short-term borrowings and other financing activities 10 (5) (2)
Net cash provided by financing activities 199 247 3,577
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (14) (87) (81)
Net increase (decrease) in cash and cash equivalents, and restricted cash 1,910 (123) 2,409
Cash and cash equivalents, and restricted cash, as of beginning of period 3,687 3,810 1,401
Cash and cash equivalents, and restricted cash, as of end of period $ 5,597 $ 3,687 $ 3,810