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Coupang, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-KS-1/A
Revenues:  
    Developing Offerings  628.0568.794.1  
    Product Commerce  19,954.617,837.711,873.2  
Total revenues  20,582.618,406.411,967.36,273.30.0
            Revenue growth   [+]11.8%53.8%90.8%  
Cost of goods sold  15,872.715,455.29,981.15,240.00.0
Gross profit  4,709.92,951.11,986.21,033.20.0
            Gross margin  22.9%16.0%16.6%16.5% 
Selling, general and administrative   [+]4,821.94,445.12,502.21,675.1 
EBITDA   [+]118.9-1,292.5-388.5-571.053.6
            EBITDA margin  0.6%-7.0%-3.2%-9.1% 
Depreciation and amortization  231.0201.5127.570.953.6
EBIT   [+]-112.0-1,494.0-516.0-641.90.0
            EBIT margin  -0.5%-8.1%-4.3%-10.2% 
Interest expense, net   [+]-25.636.796.877.8 
Other income (expense), net  -6.7-10.9149.922.6-1,095.3
Pre-tax income  -93.1-1,541.6-462.9-697.1-1,095.3
Income taxes  -1.11.00.3-0.22.3
            Tax rate  1.1%  0.0% 
Net income  -92.0-1,542.6-555.9-768.3-1,097.5
            Net margin  -0.4%-8.4%-4.6%-12.2% 
   
Basic EPS   [+]($0.05)($1.08)($19.16)($39.47) 
Diluted EPS   [+]($0.05)($1.08)($19.16)($39.47) 
   
Shares outstanding (basic)   [+]1,764.61,423.929.019.5 
Shares outstanding (diluted)   [+]1,764.61,423.929.019.5 
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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