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Schedule I - Condensed Financial information of Parent (Coupang, Inc.)
 12 Months Ended
Dec. 31, 2024
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)
202420232022
Management service fee revenues$20 $18 $17 
Operating cost and expenses(558)(400)(324)
Interest expense(2)(2)(2)
Other income, net63 84 28 
Loss before equity in earnings of subsidiaries(477)(300)(281)
Equity in earnings of subsidiaries722 1,783 189 
Income (loss) before taxes245 1,483 (92)
Income tax expense91 123 — 
Net income (loss)$154 $1,360 $(92)
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax(353)(2)9 
Actuarial (loss) gain on defined severance benefits, net of tax
(34)(18)41 
Total other comprehensive (loss) income
(387)(20)50 
Comprehensive (loss) income$(233)$1,340 $(42)
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, 2024December 31, 2023
Assets
Cash and cash equivalents$1,016 $1,592 
Restricted cash— 79 
Other current assets66 20 
Total current assets1,082 1,691 
Other assets12 12 
Investment in subsidiaries3,058 2,438 
Total assets$4,152 $4,141 
Liabilities and stockholders' equity
Other current liabilities$49 $42 
Total current liabilities49 42 
Other liabilities— 10 
Total liabilities49 52 
Stockholders' equity
Common stock— — 
Additional paid-in capital8,736 8,489 
Accumulated other comprehensive loss
(404)(17)
Accumulated deficit(4,229)(4,383)
Total stockholders' equity4,103 4,089 
Total liabilities and stockholders' equity$4,152 $4,141 
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)
202420232022
Operating activities
Net cash (used in) provided by operating activities
$(126)$95 $(79)
Investing activities
Capital contribution to subsidiaries(349)(121)(725)
Return of capital contribution from subsidiaries90 61 80 
Increase of short-term loans(95)(25)— 
Net cash used in investing activities
(354)(85)(645)
Financing activities
Repurchase of common units and preferred units(178)— — 
Proceeds from issuance of common stock/units, equity-based compensation plan4 9 18 
Other financing activities(1)— — 
Net cash (used in) provided by financing activities
(175)9 18 
Cash and cash equivalents
Net (decrease) increase in cash and cash equivalents
(655)19 (706)
Cash and cash equivalents as of beginning of the period1,671 1,652 2,358 
Cash and cash equivalents as of end of the period$1,016 $1,671 $1,652 
See accompanying notes to condensed financial statements.