Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Coupang.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | $30.27B | $24.38B | $20.58B | $18.41B | $11.97B | $6.27B | $4.05B |
| Cost of Revenue | $21.44B | $18.19B | $15.87B | $15.46B | $9.98B | $5.24B | $3.86B |
| Gross Profit | $8.83B | $6.19B | $4.71B | $2.95B | $1.99B | $1.03B | $189.38M |
| Gross Profit Ratio | 29.18% | 25.39% | 22.88% | 16.03% | 16.60% | 16.47% | 4.67% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $8.39B | $5.72B | $4.82B | $4.45B | $2.51B | $1.68B | $1.24B |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $138.40M |
| Selling General and Administrative Expenses | $8.39B | $5.72B | $4.82B | $4.45B | $2.51B | $1.68B | $1.24B |
| Other Expenses | $- | $- | $-6.71M | $-10.91M | $-2.37M | $398.00K | $- |
| Operating Expenses | $8.39B | $5.72B | $4.82B | $4.45B | $2.51B | $1.68B | $1.24B |
| Cost and Expenses | $29.83B | $23.91B | $20.69B | $19.90B | $12.50B | $6.92B | $5.11B |
| Interest Income | $216.00M | $178.00M | $52.80M | $8.64M | $10.99M | $19.14M | $3.92M |
| Interest Expense | $140.00M | $48.00M | $27.17M | $45.36M | $107.76M | $96.91M | $70.95M |
| Depreciation and Amortization | $433.00M | $613.00M | $540.63M | $201.48M | $127.52M | $70.91M | $53.62M |
| EBITDA | $1.05B | $1.25B | $474.70M | $-1.29B | $-227.58M | $-531.23M | $-970.69M |
| EBITDA Ratio | 3.46% | 5.11% | 2.31% | -7.03% | -1.90% | -8.47% | -23.95% |
| Operating Income | $436.00M | $473.00M | $-65.94M | $-1.49B | $-527.73M | $-641.92M | $-1.05B |
| Operating Income Ratio | 1.44% | 1.94% | -0.32% | -8.12% | -4.41% | -10.23% | -25.96% |
| Total Other Income Expenses Net | $37.00M | $111.00M | $18.89M | $-47.59M | $53.13M | $-55.20M | $-42.85M |
| Income Before Tax | $473.00M | $584.00M | $-93.11M | $-1.54B | $-474.60M | $-697.13M | $-1.10B |
| Income Before Tax Ratio | 1.56% | 2.40% | -0.45% | -8.38% | -3.97% | -11.11% | -27.02% |
| Income Tax Expense | $407.00M | $-776.00M | $-1.06M | $1.00M | $292.00K | $-241.00K | $2.28M |
| Net Income | $154.00M | $1.36B | $-92.04M | $-1.54B | $-474.89M | $-696.88M | $-1.10B |
| Net Income Ratio | 0.51% | 5.58% | -0.45% | -8.38% | -3.97% | -11.11% | -27.08% |
| EPS | $0.09 | $0.76 | $-0.05 | $-1.08 | $-0.27 | $-0.40 | $-0.69 |
| EPS Diluted | $0.08 | $0.75 | $-0.05 | $-1.08 | $-0.27 | $-0.40 | $-0.69 |
| Weighted Average Shares Outstanding | 1.79B | 1.78B | 1.76B | 1.42B | 1.73B | 1.73B | 1.60B |
| Weighted Average Shares Outstanding Diluted | 1.83B | 1.80B | 1.76B | 1.42B | 1.73B | 1.73B | 1.60B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $5.88B | $5.24B | $3.51B | $3.49B | $1.25B | $1.22B | $611.50M |
| Short Term Investments | $- | $- | $17.75M | $- | $18.38M | $4.41M | $- |
| Cash and Short Term Investments | $5.88B | $5.24B | $3.51B | $3.49B | $1.25B | $1.22B | $611.50M |
| Net Receivables | $407.00M | $314.00M | $184.46M | $175.35M | $71.26M | $63.85M | $25.92M |
| Inventory | $2.10B | $1.67B | $1.66B | $1.42B | $1.16B | $631.74M | $391.21M |
| Other Current Assets | $609.00M | $669.00M | $479.48M | $784.69M | $211.85M | $237.15M | $205.45M |
| Total Current Assets | $8.99B | $7.89B | $5.83B | $5.64B | $2.84B | $2.16B | $1.23B |
| Property Plant Equipment Net | $5.25B | $4.07B | $3.23B | $2.72B | $2.03B | $1.00B | $374.04M |
| Goodwill | $- | $- | $- | $9.74M | $4.25M | $3.99M | $4.31M |
| Intangible Assets | $271.00M | $- | $- | $9.74M | $4.25M | $3.99M | $- |
| Goodwill and Intangible Assets | $271.00M | $- | $-40.00M | $9.74M | $4.25M | $3.99M | $4.31M |
| Long Term Investments | $- | $- | $1.62M | $2.84M | $4.90M | $5.15M | $- |
| Tax Assets | $622.00M | $925.00M | $40.00M | $-2.84M | $-4.90M | $-5.15M | $- |
| Other Non-Current Assets | $206.00M | $463.00M | $455.96M | $273.13M | $193.17M | $67.51M | $39.71M |
| Total Non-Current Assets | $6.35B | $5.45B | $3.68B | $3.01B | $2.23B | $1.07B | $418.06M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $15.34B | $13.35B | $9.51B | $8.64B | $5.07B | $3.23B | $1.65B |
| Account Payables | $5.55B | $5.10B | $3.62B | $3.44B | $2.91B | $1.59B | $1.18B |
| Short Term Debt | $545.00M | $871.00M | $501.40M | $923.66M | $431.45M | $111.53M | $243.88M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $141.00M | $97.00M | $92.36M | $93.97M | $65.26M | $28.91M | $- |
| Other Current Liabilities | $1.48B | $878.00M | $846.74M | $283.94M | $328.08M | $150.82M | $112.72M |
| Total Current Liabilities | $7.72B | $6.95B | $5.06B | $4.74B | $3.73B | $1.88B | $1.54B |
| Long Term Debt | $2.76B | $1.92B | $1.77B | $1.48B | $1.80B | $1.16B | $688.45M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $693.00M | $381.00M | $264.48M | $237.12M | $3.60B | $3.72B | $174.83M |
| Total Non-Current Liabilities | $3.45B | $2.30B | $2.04B | $1.72B | $5.40B | $4.88B | $863.27M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $11.17B | $9.24B | $7.10B | $6.47B | $9.14B | $6.76B | $2.40B |
| Preferred Stock | $- | $- | $- | $8.64B | $3.47B | $3.47B | $2.02B |
| Common Stock | $- | $- | $177.00K | $175.00K | $54.95M | $- | $54.38M |
| Retained Earnings | $-4.23B | $-4.38B | $-5.74B | $-5.65B | $-4.12B | $-3.57B | $-2.87B |
| Accumulated Other Comprehensive Income Loss | $-404.00M | $-17.00M | $2.22M | $-47.74M | $-31.09M | $7.64M | $13.35M |
| Other Total Stockholders Equity | $8.73B | $8.49B | $8.15B | $7.87B | $34.86M | $25.04M | $25.04M |
| Total Stockholders Equity | $4.10B | $4.09B | $2.41B | $2.18B | $-4.07B | $-3.53B | $-752.61M |
| Total Equity | $4.18B | $4.10B | $2.41B | $2.18B | $-4.07B | $-3.53B | $-752.61M |
| Total Liabilities and Stockholders Equity | $15.34B | $13.35B | $9.51B | $8.64B | $5.07B | $3.23B | $1.65B |
| Minority Interest | $75.00M | $15.00M | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $15.34B | $13.35B | $9.51B | $8.64B | $5.07B | $3.23B | $1.65B |
| Total Investments | $- | $1.00M | $1.62M | $2.84M | $4.90M | $9.55M | $- |
| Total Debt | $3.24B | $2.79B | $2.40B | $2.12B | $2.24B | $1.28B | $932.32M |
| Net Debt | $-2.64B | $-2.46B | $-1.11B | $-1.37B | $990.22M | $54.16M | $320.82M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Net Income | $66.00M | $1.36B | $-92.04M | $-1.54B | $-474.89M | $-696.88M | $-1.10B |
| Depreciation and Amortization | $433.00M | $275.00M | $230.97M | $201.48M | $127.52M | $70.91M | $53.62M |
| Deferred Income Tax | $225.00M | $-884.00M | $-41.00M | $- | $-149.83M | $36.78M | $-22.13M |
| Stock Based Compensation | $433.00M | $326.00M | $262.00M | $249.00M | $31.33M | $20.82M | $27.33M |
| Change in Working Capital | $35.00M | $938.00M | $-418.41M | $-68.94M | $383.41M | $57.30M | $225.73M |
| Accounts Receivables | $209.00M | $- | $-33.83M | $-120.21M | $-4.31M | $-39.98M | $19.97M |
| Inventory | $-376.00M | $- | $-367.03M | $-527.96M | $-504.29M | $-279.01M | $-159.67M |
| Accounts Payables | $507.00M | $1.51B | $444.40M | $728.49M | $1.07B | $416.51M | $400.38M |
| Other Working Capital | $-305.00M | $-576.00M | $-461.95M | $-149.27M | $-173.83M | $-40.21M | $-34.95M |
| Other Non Cash Items | $694.00M | $637.00M | $623.66M | $750.13M | $372.28M | $199.23M | $118.52M |
| Net Cash Provided by Operating Activities | $1.89B | $2.65B | $565.44M | $-410.58M | $301.55M | $-311.84M | $-694.47M |
| Investments in Property Plant and Equipment | $-879.00M | $-896.00M | $-824.26M | $-673.66M | $-484.63M | $-217.82M | $-93.40M |
| Acquisitions Net | $68.00M | $- | $13.18M | $1.86M | $507.00K | $3.54M | $265.00K |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-8.00M | $-31.00M | $-37.17M | $-3.73M | $-36.53M | $-3.94M | $1.57M |
| Net Cash Used for Investing Activities | $-819.00M | $-927.00M | $-848.25M | $-675.52M | $-520.65M | $-218.22M | $-91.83M |
| Debt Repayment | $105.00M | $190.00M | $234.00M | $98.06M | $246.93M | $26.89M | $694.75M |
| Common Stock Issued | $- | $9.00M | $17.77M | $3.43B | $- | $- | $548.20M |
| Common Stock Repurchased | $-178.00M | $- | $- | $- | $-97.04M | $-114.61M | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $4.00M | $9.00M | $13.00M | $47.79M | $28.61M | $1.27B | $548.20M |
| Net Cash Used Provided by Financing Activities | $-69.00M | $199.00M | $247.35M | $3.58B | $178.50M | $1.18B | $1.24B |
| Effect of Forex Changes on Cash | $-564.00M | $-14.00M | $-87.61M | $-81.70M | $70.36M | $-22.41M | $-17.12M |
| Net Change in Cash | $434.00M | $1.91B | $-123.07M | $2.41B | $29.77M | $631.62M | $439.53M |
| Cash at End of Period | $6.03B | $5.60B | $3.69B | $3.81B | $1.40B | $1.37B | $739.91M |
| Cash at Beginning of Period | $5.60B | $3.69B | $3.81B | $1.40B | $1.37B | $739.91M | $300.38M |
| Operating Cash Flow | $1.89B | $2.65B | $565.44M | $-410.58M | $301.55M | $-311.84M | $-694.47M |
| Capital Expenditure | $-879.00M | $-896.00M | $-824.26M | $-673.66M | $-484.63M | $-217.82M | $-93.40M |
| Free Cash Flow | $1.01B | $1.76B | $-258.82M | $-1.08B | $-183.08M | $-529.67M | $-787.87M |