For the year ending 2025-12-31, CPNG had $381,000K increase in cash & cash equivalents over the period. $522,000K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | - | - | 1,360,000 | -92,042 |
| Net income | 214,000 | 66,000 | - | - |
| Depreciation and amortization | 517,000 | 433,000 | 275,000 | 230,965 |
| Provision for severance benefits | 246,000 | 187,000 | 159,000 | 161,224 |
| Equity-based compensation | 475,000 | 433,000 | 326,000 | 262,266 |
| Paid-in-kind interest and accretion of discount on convertible notes | - | - | - | 0 |
| Revaluation of derivative instrument | - | - | - | 0 |
| Inventory and fixed asset losses due to fulfillment center fire | - | - | 0 | 0 |
| Non-cash operating lease expense | 507,000 | 432,000 | 338,000 | 309,670 |
| Deferred income taxes | 37,000 | 225,000 | -884,000 | - |
| Fulfillment center fire insurance gain | 0 | 175,000 | - | - |
| Other | -209,000 | -250,000 | -140,000 | -111,768 |
| Accounts receivable, net | -37,000 | -209,000 | 133,000 | 33,827 |
| Inventories | 233,000 | 376,000 | 44,000 | 367,034 |
| Other assets | 517,000 | 152,000 | 153,000 | 289,375 |
| Accounts payable | 515,000 | 507,000 | 1,514,000 | 444,402 |
| Accrued expenses | 49,000 | 60,000 | 43,000 | 7,201 |
| Other liabilities | -283,000 | -213,000 | -289,000 | -179,779 |
| Net cash provided by operating activities | 1,773,000 | 1,886,000 | 2,652,000 | 565,439 |
| Purchases of property and equipment | 1,251,000 | 879,000 | 896,000 | 824,262 |
| Proceeds from sale of property and equipment | 5,000 | 9,000 | 19,000 | 13,182 |
| Net cash acquired in acquisition | 0 | -68,000 | - | - |
| Other investing activities | 8,000 | 17,000 | 50,000 | 37,174 |
| Net cash used in investing activities | -1,254,000 | -819,000 | -927,000 | -848,254 |
| Proceeds from issuance of class a common stock upon initial public offering, net of underwriting discounts | - | - | 0 | 0 |
| Deferred offering costs paid | - | - | 0 | 0 |
| Repurchase of common units and preferred units | - | - | - | 0 |
| Proceeds from issuance of common stock, equity-based compensation plan | 5,000 | 4,000 | 9,000 | 17,774 |
| Proceeds from short-term borrowings | - | - | - | 177,249 |
| Proceeds from long-term debt, net of issuance costs | - | - | - | 523,529 |
| Repurchase of class a common stock | 243,000 | 178,000 | - | - |
| Repayment of short-term borrowings | - | - | - | 21,053 |
| Proceeds from short-term borrowings and long-term debt | 2,900,000 | 857,000 | 572,000 | - |
| Repayment of long-term debt | - | - | - | 446,376 |
| Repayment of short-term borrowings and long-term debt | 2,881,000 | 794,000 | 392,000 | - |
| Other financing activities | -28,000 | 42,000 | 10,000 | -3,771 |
| Net cash (used in) provided by financing activities | -247,000 | -69,000 | 199,000 | 247,352 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 109,000 | -564,000 | -14,000 | -87,610 |
| Net increase in cash and cash equivalents and restricted cash | 381,000 | 434,000 | 1,910,000 | -123,073 |
| Cash and cash equivalents and restricted cash, as of beginning of period | 6,031,000 | 5,597,000 | 3,687,000 | 3,810,347 |
| Cash and cash equivalents and restricted cash, as of end of period | 6,412,000 | 6,031,000 | 5,597,000 | 3,687,274 |
Coupang, Inc. (CPNG)
Coupang, Inc. (CPNG)