Coupang Inc. (CPNG) Financial Statements (2024 and earlier)

Company Profile

Business Address 720 OLIVE WAY
SEATTLE, WA 98101
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5961 - Catalog and Mail-Order Houses (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,2433,5093,488
Cash and cash equivalents5,2433,5093,488
Restricted cash and investments353176320
Receivables314184175
Inventory, net of allowances, customer advances and progress billings1,6661,6571,422
Inventory1,6661,6571,422
Other current assets  303232
Other undisclosed current assets316  
Total current assets:7,8925,8305,637
Noncurrent Assets
Operating lease, right-of-use asset1,6011,4051,375
Property, plant and equipment2,465  
Intangible assets, net (including goodwill)  10
Goodwill   10
Intangible assets, net (excluding goodwill)   
Deposits noncurrent assets463456270
Restricted cash and investments  23
Deferred income tax assets925  
Other undisclosed noncurrent assets  1,8201,348
Total noncurrent assets:5,4543,6833,005
TOTAL ASSETS:13,3469,5138,642
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,4513,9213,823
Employee-related liabilities76
Accounts payable5,0993,6223,443
Accrued liabilities352299304
Deferred revenue979294
Debt485304350
Other liabilities526419267
Other undisclosed current liabilities386326211
Total current liabilities:6,9455,0634,744
Noncurrent Liabilities
Long-term debt and lease obligation5295381,484
Long-term debt, excluding current maturities529538283
Liabilities, other than long-term debt1,7011,460207
Liability, pension and other postretirement and postemployment benefits 314226207
Operating lease, liability1,3871,2341,201
Other undisclosed noncurrent liabilities673930
Total noncurrent liabilities:2,2972,0361,722
Total liabilities:9,2427,0996,466
Temporary equity, carrying amount15  
Equity
Equity, attributable to parent4,0892,4142,176
Common stock  00
Additional paid in capital8,4898,1547,874
Accumulated other comprehensive income (loss)(17)2(48)
Accumulated deficit(4,383)(5,743)(5,651)
Equity, attributable to noncontrolling interest   
Total equity:4,0892,4142,176
TOTAL LIABILITIES AND EQUITY:13,3469,5138,642

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues24,38320,58318,406
Cost of revenue
(Cost of Goods and Services Sold)
(18,193)(15,873)(15,455)
Gross profit:6,1904,7102,951
Operating expenses(5,717)(4,822)(4,445)
Operating income (loss):473(112)(1,494)
Nonoperating income (expense)15946(2)
Investment income, nonoperating178539
Other nonoperating expense(19)(7)(11)
Interest and debt expense(48)(27)(45)
Income (loss) from continuing operations before income taxes:584(93)(1,542)
Income tax expense (benefit)7761(1)
Income (loss) from continuing operations:1,360(92)(1,543)
Loss before gain (loss) on sale of properties:(1,543)
Net income (loss):1,360(92)(1,543)
Net income attributable to noncontrolling interest   
Net income (loss) available to common stockholders, diluted:1,360(92)(1,543)

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income (loss):1,360(92)(1,543)
Other undisclosed comprehensive loss   
Comprehensive income (loss):1,360(92)(1,543)
Comprehensive income, net of tax, attributable to noncontrolling interest   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(20)50(17)
Comprehensive income (loss), net of tax, attributable to parent:1,340(42)(1,559)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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