Balance Sheet Coupang, Inc.

Equities

CPNG

US22266T1097

Department Stores

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326.4gBdonKRio0YJpongMn0H7-wvo29HZeyn6LJsKehI2U.q04skT3L6M98T-Jzy7uDL8_-xvrHU-TE7MO73vHmUjq0QhLRCNnAxGx0yw

Published financial data: COUPANG, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	11.05B	16.49B	18.34B	21.22B	23.87B
Other Revenues, Total	922M	1.92B	2.24B	3.16B	6.4B
Total Revenues	11.97B	18.41B	20.58B	24.38B	30.27B
Cost of Goods Sold, Total	9.98B	15.3B	15.87B	18.19B	21.44B
Gross Profit	1.99B	3.11B	4.71B	6.19B	8.83B
Selling General & Admin Expenses, Total	2.51B	4.31B	4.82B	5.72B	8.27B
Other Operating Expenses, Total	2.51B	4.31B	4.82B	5.72B	8.27B
Operating Income	-528M	-1.2B	-112M	473M	563M
Interest Expense, Total	-108M	-45.36M	-27.17M	-48M	-140M
Interest And Investment Income	10.99M	8.64M	52.8M	178M	216M
Net Interest Expenses	-96.77M	-36.71M	25.63M	130M	76M
Currency Exchange Gains (Loss)	2.44M	-2.93M	9.23M	-	-
Other Non Operating Income (Expenses)	150M	-7.98M	-15.94M	-19M	-39M
EBT, Excl. Unusual Items	-472M	-1.25B	-93.1M	584M	600M
Merger & Related Restructuring Charges	-	-	-	-	-127M
Gain (Loss) On Sale Of Assets	-2.37M	-	-	-	-
Other Unusual Items	-	-296M	-	-	-
EBT, Incl. Unusual Items	-475M	-1.54B	-93.1M	584M	473M
Income Tax Expense	292K	1M	-1.06M	-776M	407M
Earnings From Continuing Operations	-475M	-1.54B	-92.04M	1.36B	66M
Net Income to Company	-475M	-1.54B	-92.04M	1.36B	66M
Minority Interest	-	-	-	-	88M
Net Income - (IS)	-475M	-1.54B	-92.04M	1.36B	154M
Preferred Dividend and Other Adjustments	92.73M	-	-	-	-
Net Income to Common Incl Extra Items	-568M	-1.54B	-92.04M	1.36B	154M
Net Income to Common Excl. Extra Items	-568M	-1.54B	-92.04M	1.36B	154M
Per Share Items
Net EPS - Basic	-7.23	-1.08	-0.05	0.76	0.09
Basic EPS - Continuing Operations	-7.23	-1.08	-0.05	0.76	0.09
Basic Weighted Average Shares Outstanding	78.54M	1.42B	1.76B	1.78B	1.79B
Net EPS - Diluted	-7.23	-1.08	-0.05	0.75	0.08
Diluted EPS - Continuing Operations	-7.23	-1.08	-0.05	0.75	0.08
Diluted Weighted Average Shares Outstanding	78.54M	1.42B	1.76B	1.8B	1.83B
Normalized Basic EPS	-3.76	-0.55	-0.03	0.2	0.26
Normalized Diluted EPS	-3.76	-0.55	-0.03	0.2	0.25
Supplemental Items
EBITDA	-400M	-996M	119M	748M	996M
EBITA	-528M	-1.2B	-112M	473M	627M
EBIT	-528M	-1.2B	-112M	473M	563M
EBITDAR	-203M	-618M	568M	1.25B	1.64B
Total Revenues (As Reported)	11.97B	18.41B	20.58B	24.38B	30.27B
Effective Tax Rate - (Ratio)	-0.06	-0.06	1.14	-132.88	86.05
Current Domestic Taxes	-	2K	3K	62M	76M
Current Foreign Taxes	292K	1M	39.4M	46M	106M
Total Current Taxes	292K	1M	39.4M	108M	182M
Deferred Domestic Taxes	-	-	-40.46M	21M	-15M
Deferred Foreign Taxes	-	-	-	-905M	240M
Total Deferred Taxes	-	-	-40.46M	-884M	225M
Normalized Net Income	-295M	-778M	-58.19M	365M	463M
Interest on Long-Term Debt	91M	20M	-	-	-
Non-Cash Pension Expense	-	7.43M	17.87M	18M	21M
Supplemental Operating Expense Items
Advertising Expense	128M	-	-	-	-
Selling and Marketing Expenses	128M	-	-	-	-
Net Rental Expense, Total	197M	379M	450M	499M	646M
Imputed Operating Lease Interest Expense	96.52M	63.1M	43.2M	73.85M	222M
Imputed Operating Lease Depreciation	100M	316M	406M	425M	424M
Stock-Based Comp., COGS (Total)	677K	10.98M	15.92M	14M	17M
Stock-Based Comp., SG&A Exp. (Total)	42.39M	238M	246M	312M	416M
Total Stock-Based Compensation	43.07M	249M	262M	326M	433M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.25B	3.49B	3.51B	5.24B	5.88B
Short Term Investments	-	-	17.75M	-	-
Total Cash And Short Term Investments	1.25B	3.49B	3.53B	5.24B	5.88B
Accounts Receivable, Total	71.26M	175M	184M	314M	407M
Total Receivables	71.26M	175M	184M	314M	407M
Inventory	1.16B	1.42B	1.66B	1.67B	2.1B
Prepaid Expenses	-	-	285M	316M	458M
Restricted Cash	145M	320M	176M	353M	151M
Other Current Assets, Total	212M	232M	-	-	-
Total Current Assets	2.84B	5.64B	5.83B	7.89B	8.99B
Gross Property Plant And Equipment	2.36B	3.13B	3.76B	4.7B	5.79B
Accumulated Depreciation	-336M	-409M	-539M	-637M	-964M
Net Property Plant And Equipment	2.03B	2.72B	3.23B	4.07B	4.83B
Goodwill	4.25M	9.74M	-	-	-
Other Intangibles, Total	-	-	-	-	271M
Deferred Tax Assets Long-Term	-	-	-	925M	622M
Other Long-Term Assets, Total	193M	273M	458M	463M	628M
Total Assets	5.07B	8.64B	9.51B	13.35B	15.34B
Liabilities
Accounts Payable, Total	2.91B	3.44B	3.62B	5.1B	5.55B
Accrued Expenses, Total	116M	304M	299M	352M	461M
Short-term Borrowings	157M	7.81M	175M	282M	479M
Current Portion of Long-Term Debt	67.58M	342M	129M	203M	66M
Current Portion of Leases	210M	287M	326M	386M	422M
Unearned Revenue Current, Total	65.26M	93.97M	92.36M	97M	141M
Other Current Liabilities	210M	267M	419M	526M	593M
Total Current Liabilities	3.73B	4.74B	5.06B	6.94B	7.72B
Long-Term Debt	943M	283M	538M	529M	988M
Long-Term Leases	865M	1.2B	1.23B	1.39B	1.77B
Other Non Current Liabilities	130M	237M	265M	381M	693M
Total Liabilities	5.67B	6.47B	7.1B	9.24B	11.17B
Preferred Stock Convertible	3.47B	-	-	-	-
Total Preferred Equity	3.47B	-	-	-	-
Common Stock, Total	54.95M	175K	177K	-	-
Additional Paid In Capital	25.04M	7.87B	8.15B	8.49B	8.74B
Retained Earnings	-4.12B	-5.65B	-5.74B	-4.38B	-4.23B
Comprehensive Income and Other	-31.09M	-47.74M	2.22M	-17M	-404M
Total Common Equity	-4.07B	2.18B	2.41B	4.09B	4.1B
Minority Interest	-	-	-	15M	74M
Total Equity	-603M	2.18B	2.41B	4.1B	4.18B
Total Liabilities And Equity	5.07B	8.64B	9.51B	13.35B	15.34B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	106M	1.76B	1.77B	1.79B	1.81B
ECS Total Common Shares Outstanding	106M	1.75B	1.77B	1.79B	1.8B
Book Value / Share	-38.45	1.24	1.36	2.28	2.28
Tangible Book Value	-4.07B	2.17B	2.41B	4.09B	3.83B
Tangible Book Value Per Share	-38.49	1.23	1.36	2.28	2.13
Total Debt	2.24B	2.12B	2.4B	2.79B	3.72B
Net Debt	990M	-1.37B	-1.13B	-2.46B	-2.15B
Debt Equivalent of Unfunded Proj. Benefit Obligation	165M	283M	304M	396M	491M
Debt Equivalent Oper. Leases	1.58B	3.03B	3.6B	3.99B	5.17B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	15M	74M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	-	1.42B	1.66B	1.67B	2.1B
Land - (BS)	142M	141M	296M	323M	401M
Buildings, Total	182M	320M	303M	751M	794M
Machinery, Total	628M	720M	782M	993M	1.2B
Full Time Employees	50K	68K	63K	78K	95K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-475M	-1.54B	-92.04M	1.36B	154M
Depreciation & Amortization - CF	128M	201M	231M	275M	369M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	64M
Depreciation & Amortization, Total	128M	201M	231M	275M	433M
Stock-Based Compensation (CF)	43.07M	249M	262M	326M	433M
Other Operating Activities, Total	222M	750M	583M	-247M	831M
Change In Accounts Receivable	-4.31M	-120M	-33.83M	-133M	209M
Change In Inventories	-504M	-528M	-367M	-44M	-376M
Change In Accounts Payable	1.07B	728M	444M	1.51B	507M
Change in Unearned Revenues	31.89M	14.02M	-	-	-
Change in Other Net Operating Assets	-206M	-163M	-462M	-399M	-305M
Cash from Operations	302M	-411M	565M	2.65B	1.89B
Capital Expenditure	-485M	-674M	-824M	-896M	-879M
Sale of Property, Plant, and Equipment	507K	1.86M	13.18M	19M	9M
Cash Acquisitions	-	-	-	-	68M
Other Investing Activities, Total	-36.53M	-3.73M	-37.17M	-50M	-17M
Cash from Investing	-521M	-676M	-848M	-927M	-819M
Short Term Debt Issued, Total	145M	24.72M	177M	10M	42M
Long-Term Debt Issued, Total	142M	409M	524M	572M	857M
Total Debt Issued	287M	434M	701M	582M	899M
Short Term Debt Repaid, Total	-2.98M	-166M	-24.82M	-	-
Long-Term Debt Repaid, Total	-37M	-170M	-446M	-392M	-794M
Total Debt Repaid	-39.98M	-336M	-471M	-392M	-794M
Issuance of Common Stock	28.61M	3.49B	17.77M	9M	4M
Repurchase of Common Stock	-97.04M	-	-	-	-178M
Other Financing Activities, Total	-	-14.76M	-	-	-
Cash from Financing	179M	3.58B	247M	199M	-69M
Foreign Exchange Rate Adjustments	70.36M	-81.7M	-87.61M	-14M	-564M
Net Change in Cash	29.77M	2.41B	-123M	1.91B	434M
Supplemental Items
Cash Interest Paid	23.66M	21.46M	19.34M	31M	85M
Cash Income Tax Paid (Refund)	857K	2.59M	5.91M	110M	138M
Levered Free Cash Flow	161M	-772M	-247M	1.28B	460M
Unlevered Free Cash Flow	228M	-743M	-230M	1.31B	548M
Change In Net Working Capital	-872M	-228M	-171M	-1.31B	-209M
Net Debt Issued / Repaid	247M	98.06M	230M	190M	105M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-7.95	-10.92	-0.77	2.59	2.45
Return on Total Capital	-23.14	-25.26	-1.54	5.05	4.76
Return On Equity %	142.27	-196.17	-4.01	41.73	1.59
Return on Common Equity	14.93	162.99	-4.01	41.83	3.76
Margin Analysis
Gross Profit Margin %	16.6	16.89	22.88	25.39	29.18
SG&A Margin	21.01	23.4	23.43	23.45	27.32
EBITDA Margin %	-3.34	-5.41	0.58	3.07	3.29
EBITA Margin %	-4.41	-6.51	-0.54	1.94	2.07
EBIT Margin %	-4.41	-6.51	-0.54	1.94	1.86
Income From Continuing Operations Margin %	-3.97	-8.38	-0.45	5.58	0.22
Net Income Margin %	-3.97	-8.38	-0.45	5.58	0.51
Net Avail. For Common Margin %	-4.74	-8.38	-0.45	5.58	0.51
Normalized Net Income Margin	-2.47	-4.23	-0.28	1.5	1.53
Levered Free Cash Flow Margin	1.34	-4.19	-1.2	5.26	1.52
Unlevered Free Cash Flow Margin	1.91	-4.04	-1.12	5.39	1.81
Asset Turnover
Asset Turnover	2.88	2.69	2.27	2.13	2.11
Fixed Assets Turnover	7.89	7.75	6.92	6.69	6.81
Receivables Turnover (Average Receivables)	163.5	133.72	101.93	85.23	66.2
Inventory Turnover (Average Inventory)	11.13	11.85	10.31	10.95	11.39
Short Term Liquidity
Current Ratio	0.76	1.19	1.15	1.14	1.17
Quick Ratio	0.35	0.77	0.73	0.8	0.81
Operating Cash Flow to Current Liabilities	0.08	-0.09	0.11	0.38	0.24
Days Sales Outstanding (Average Receivables)	2.24	2.73	3.58	4.28	5.53
Days Outstanding Inventory (Average Inventory)	32.87	30.81	35.39	33.33	32.14
Average Days Payable Outstanding	78.32	74.5	80.04	87.44	89.14
Cash Conversion Cycle (Average Days)	-43.21	-40.96	-41.07	-49.82	-51.47
Long Term Solvency
Total Debt/Equity	-371.6	97.48	99.5	67.91	89.18
Total Debt / Total Capital	136.82	49.36	49.87	40.44	47.14
LT Debt/Equity	-299.69	68.22	73.39	46.69	66.03
Long-Term Debt / Total Capital	110.34	34.55	36.79	27.8	34.9
Total Liabilities / Total Assets	111.9	74.82	74.62	69.25	72.78
EBIT / Interest Expense	-4.9	-26.41	-4.12	9.85	4.02
EBITDA / Interest Expense	-1.89	-13.62	20.92	25.98	11.73
(EBITDA - Capex) / Interest Expense	-6.38	-28.47	-9.42	7.31	5.45
Total Debt / EBITDA	-11.03	-3.43	4.23	2.23	2.27
Net Debt / EBITDA	-4.87	2.21	-1.98	-1.97	-1.31
Total Debt / (EBITDA - Capex)	-3.26	-1.64	-9.39	7.94	4.88
Net Debt / (EBITDA - Capex)	-1.44	1.06	4.4	-7	-2.82
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	90.77	53.8	11.82	18.46	24.14
Gross Profit, 1 Yr. Growth %	92.25	56.53	51.49	31.42	42.67
EBITDA, 1 Yr. Growth %	-30.15	156.51	-111.94	528.57	33.16
EBITA, 1 Yr. Growth %	-18.03	132.17	-90.65	-522.32	31.45
EBIT, 1 Yr. Growth %	-18.03	132.17	-90.65	-522.32	19.03
Earnings From Cont. Operations, 1 Yr. Growth %	-32.04	233.06	-94.03	-1.58K	-95.15
Net Income, 1 Yr. Growth %	-32.04	233.06	-94.03	-1.58K	-88.68
Normalized Net Income, 1 Yr. Growth %	-32.48	169.1	-92.53	-727.96	26.85
Diluted EPS Before Extra, 1 Yr. Growth %	-35.14	-94.35	-95.19	-1.54K	-89.33
Accounts Receivable, 1 Yr. Growth %	11.6	146.08	5.2	70.65	29.62
Inventory, 1 Yr. Growth %	83.81	22.42	16.56	0.54	25.99
Net Property, Plant and Equip., 1 Yr. Growth %	102.25	34.15	18.48	26.08	18.77
Total Assets, 1 Yr. Growth %	56.89	70.54	10.08	40.29	14.97
Tangible Book Value, 1 Yr. Growth %	15.16	-153.18	10.94	69.39	-5.43
Common Equity, 1 Yr. Growth %	15.17	-153.48	10.94	69.39	0.34
Cash From Operations, 1 Yr. Growth %	-196.7	-236.15	-237.72	369.38	-28.88
Capital Expenditures, 1 Yr. Growth %	122.49	39.01	22.36	8.74	-1.9
Levered Free Cash Flow, 1 Yr. Growth %	-137.89	-535.35	-67.94	-585.36	-64.13
Unlevered Free Cash Flow, 1 Yr. Growth %	-162.69	-403.89	-69	-630.55	-58.29
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	71.82	71.29	31.14	15.1	21.27
Gross Profit, 2 Yr. CAGR %	210.62	73.47	53.99	41.1	36.93
EBITDA, 2 Yr. CAGR %	-36.7	32.1	-44.67	-13.38	189.31
EBITA, 2 Yr. CAGR %	-29.19	36.61	-53.41	-37.16	138.75
EBIT, 2 Yr. CAGR %	-29.19	36.61	-53.41	-37.16	124.2
Earnings From Cont. Operations, 2 Yr. CAGR %	-34.22	48.78	-55.42	-6.12	-15.3
Net Income, 2 Yr. CAGR %	-34.22	48.78	-55.42	-6.12	29.38
Normalized Net Income, 2 Yr. CAGR %	-34.33	33.67	-55.15	-31.54	182.23
Diluted EPS Before Extra, 2 Yr. CAGR %	-34.02	-83.43	-94.78	-16.8	23.89
Accounts Receivable, 2 Yr. CAGR %	65.81	65.72	60.89	33.82	48.73
Inventory, 2 Yr. CAGR %	72.29	50	19.45	8.26	12.55
Net Property, Plant and Equip., 2 Yr. CAGR %	132.92	64.72	26.07	22.22	22.37
Total Assets, 2 Yr. CAGR %	75.13	63.57	37.01	24.27	27
Tangible Book Value, 2 Yr. CAGR %	21.12	-21.74	-23.02	37.08	25.99
Common Equity, 2 Yr. CAGR %	21.15	-21.52	-22.98	37.08	30.37
Cash From Operations, 2 Yr. CAGR %	-34.1	14.74	36.93	154.02	82.7
Capital Expenditures, 2 Yr. CAGR %	127.79	75.86	30.42	15.3	3.28
Levered Free Cash Flow, 2 Yr. CAGR %	-	34.69	18.14	28.89	31.94
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	42.74	-2.94	32.83	48.75
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	65.59	48.59	26.77	18.03
Gross Profit, 3 Yr. CAGR %	-	147.19	65.81	46.07	41.62
EBITDA, 3 Yr. CAGR %	-	-0.08	-40.72	24.41	-0.03
EBITA, 3 Yr. CAGR %	-	4.41	-44.12	-2.86	-19.41
EBIT, 3 Yr. CAGR %	-	4.41	-44.12	-2.86	-22.25
Earnings From Cont. Operations, 3 Yr. CAGR %	-	12.02	-49.07	43.2	-65.03
Net Income, 3 Yr. CAGR %	-	12.02	-49.07	43.2	-53.61
Normalized Net Income, 3 Yr. CAGR %	-	4.38	-48.88	8.06	-15.91
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-59.74	-89.03	-66.05	-58.05
Accounts Receivable, 3 Yr. CAGR %	-	89.14	42.42	63.95	32.4
Inventory, 3 Yr. CAGR %	-	53.74	37.91	12.79	13.87
Net Property, Plant and Equip., 3 Yr. CAGR %	-	93.79	47.58	26.07	21.05
Total Assets, 3 Yr. CAGR %	-	73.59	43.34	38.1	21.09
Tangible Book Value, 3 Yr. CAGR %	-	-7.94	-11.96	0.13	20.76
Common Equity, 3 Yr. CAGR %	-	-7.76	-11.92	0.16	23.54
Cash From Operations, 3 Yr. CAGR %	-	-16.07	21.94	106.41	66.18
Capital Expenditures, 3 Yr. CAGR %	-	93.21	55.83	22.73	9.26
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-16.53	93.47	-15.85
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-14.2	75.12	-9.72
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	43.17	36.99
Gross Profit, 5 Yr. CAGR %	-	-	-	97.53	53.59
EBITDA, 5 Yr. CAGR %	-	-	-	-5.62	11.77
EBITA, 5 Yr. CAGR %	-	-	-	-14.78	-0.47
EBIT, 5 Yr. CAGR %	-	-	-	-14.78	-2.59
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	4.38	-37.59
Net Income, 5 Yr. CAGR %	-	-	-	4.38	-26.06
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-11.82	1.22
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-46.17	-71.07
Accounts Receivable, 5 Yr. CAGR %	-	-	-	64.69	44.84
Inventory, 5 Yr. CAGR %	-	-	-	33.61	27.14
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	61.16	36.92
Total Assets, 5 Yr. CAGR %	-	-	-	51.87	36.57
Tangible Book Value, 5 Yr. CAGR %	-	-	-	8.05	1.62
Common Equity, 5 Yr. CAGR %	-	-	-	8.08	3.04
Cash From Operations, 5 Yr. CAGR %	-	-	-	30.73	43.32
Capital Expenditures, 5 Yr. CAGR %	-	-	-	57.18	32.18
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	1.59
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	8.47