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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net income (loss) $ 66 $ 1,360 $ (92)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 433 275 231
Provision for severance benefits 187 159 161
Equity-based compensation 433 326 262
Non-cash operating lease expense 432 338 310
Deferred income taxes 225 (884) (41)
Fulfillment center fire insurance gain (175) 0 0
Non-cash others 250 140 112
Change in operating assets and liabilities:      
Accounts receivable, net 209 (133) (34)
Inventories (376) (44) (367)
Other assets (152) (153) (249)
Accounts payable 507 1,514 444
Accrued expenses 60 43 7
Other liabilities (213) (289) (179)
Net cash provided by operating activities 1,886 2,652 565
Investing activities      
Purchases of property and equipment (879) (896) (824)
Proceeds from sale of property and equipment 9 19 13
Net cash acquired in acquisition 68 0 0
Other investing activities (17) (50) (37)
Net cash used in investing activities (819) (927) (848)
Financing activities      
Proceeds from issuance of common stock, equity-based compensation plan 4 9 18
Repurchase of Class A common stock (178) 0 0
Proceeds from short-term borrowings and long-term debt 857 572 701
Repayment of short-term borrowings and long-term debt (794) (392) (467)
Net short-term borrowings and other financing activities 42 10 (5)
Net cash (used in) provided by financing activities (69) 199 247
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (564) (14) (87)
Net increase (decrease) in cash and cash equivalents, and restricted cash 434 1,910 (123)
Cash and cash equivalents, and restricted cash, as of beginning of period 5,597 3,687 3,810
Cash and cash equivalents, and restricted cash, as of end of period $ 6,031 $ 5,597 $ 3,687