Coupang, Inc. (CPNG) quarterly cash flow statement — complete operating, investing & financing history
Coupang, Inc. (CPNG) cash flow statement — 8-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 367M | 184M | 82M | 807.58M | 545M | 354M | 676M | 334M | 664M | 212M | 609.31M | 722M | 820M | 501M | 580.48M | 58.16M | -18.26M | -54.94M | -202.75M | -55.37M |
| Operating CF Margin % | 4.14% | 2.16% | 0.93% | 8.71% | 6.39% | 4.48% | 8.49% | 4.25% | 9.07% | 2.98% | 9.29% | 11.68% | 14.05% | 8.64% | 10.9% | 1.14% | -0.36% | -1.07% | -3.99% | -1.19% |
| Operating CF Growth % | -32.66% | -48.02% | -87.87% | 141.79% | -17.92% | 66.98% | 10.95% | -53.74% | -19.02% | -57.68% | 4.97% | 1141.32% | 4590.2% | 1011.92% | 386.31% | 205.05% | -159.13% | 70.04% | - | - |
| Net Income | -570M | -266M | -26M | 95M | 31M | 114M | 131M | 64M | -105M | -24M | 1.03B | 91M | 145M | 91M | 102.06M | 90.68M | -75.49M | -209.29M | -404.98M | -323.98M |
| Depreciation & Amortization | 145M | 143M | 136M | 133M | 126M | 122M | 120M | 112M | 106M | 95M | 77.18M | 68M | 66M | 64M | 56.9M | 54.42M | 60.4M | 59.24M | 55.61M | 51.54M |
| Stock-Based Compensation | 161M | 122M | 123M | 118M | 113M | 121M | 122M | 114M | 109M | 88M | 85.9M | 84M | 86M | 70M | 70.68M | 63.08M | 72.92M | 55.59M | 55.9M | 56.14M |
| Deferred Taxes | -42M | -28M | 41M | -27M | 12M | 11M | 83M | 39M | 56M | 47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 248M | 308M | 238M | 298.58M | 271.48M | 173M | 56M | 219M | 229M | 190M | -711.77M | 141M | 172M | 152M | 170.74M | 105.18M | 168.52M | 138.22M | 123.8M | 116.15M |
| Working Capital Changes | 425M | -95M | -430M | 190M | -8.48M | -187M | 164M | -214M | 269M | -184M | 125.34M | 338M | 351M | 124M | 180.09M | -255.2M | -244.61M | -98.7M | -33.07M | 44.78M |
| Change in Receivables | -18M | -8M | 28M | 89M | -1.45M | -80M | 93M | 93M | 37M | -14M | -18.97M | -155M | -15M | 56M | 5.5M | -1.98M | -37.61M | 266K | -44.25M | -13.58M |
| Change in Inventory | -51M | 128M | 175M | -298M | -94M | -18M | -142M | -71M | -130M | -33M | 42.69M | -105M | 79M | -61M | -78.27M | -103.67M | -191.95M | 6.86M | -219.4M | -41.37M |
| Change in Payables | 467M | 53M | -420M | 565M | 265.71M | 111M | 197M | -41M | 382M | -31M | 278.63M | 656M | 417M | 162M | 280.89M | -27.07M | 162.53M | 28.04M | 166.96M | 165.04M |
| Cash from Investing | -326M | -302M | -376M | -373.27M | -299M | -213M | -141M | -383M | -178M | -117M | -263.29M | -152M | -429M | -83M | -129.8M | -288.75M | -180.67M | -249.03M | -168.71M | -201.23M |
| Capital Expenditures | -317M | -296M | -360M | -360.04M | -299M | -239M | -214M | -380M | -178M | -107M | -233.73M | -190M | -377M | -95M | -121.19M | -283.4M | -180.77M | -238.91M | -168.11M | -190.06M |
| CapEx % of Revenue | 3.58% | 3.48% | 4.07% | 3.89% | 3.51% | 3.02% | 2.69% | 4.83% | 2.43% | 1.5% | 3.56% | 3.07% | 6.46% | 1.64% | 2.27% | 5.56% | 3.59% | 4.67% | 3.31% | 4.09% |
| Acquisitions | 0 | 0 | 0 | 3.06M | 0 | 0 | 0 | 0 | 0 | 68M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -9M | -6M | -16M | -16.28M | 0 | 26M | 73M | -3M | 0 | -78M | -29.56M | 38M | -52M | 12M | -8.61M | -5.36M | 98K | -10.12M | -604K | -11.17M |
| Cash from Financing | -134M | 348M | -507M | 154.94M | 92M | 16M | 20M | -9M | -132M | 52M | -162.9M | 33M | 251M | 78M | 20.86M | 145.82M | -117.91M | 198.58M | -95.34M | 115.83M |
| Debt Issued (Net) | 325M | 738M | -346M | 233M | 104M | 28M | 63M | 0 | 45M | -3M | -164.08M | 71M | 251M | 31M | 18.09M | 143.19M | -122.1M | 190.4M | -99.24M | 107.07M |
| Equity Issued (Net) | -458M | -391M | -161M | -81M | 3.05M | 0 | 0 | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -459M | -391M | -162M | -81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -1M | 1M | 1.51M | 2.94M | -15.05M | -12M | -43M | -11M | -177M | 55M | 1.17M | -38M | 0 | 47M | 2.78M | 2.63M | 4.18M | 8.18M | 3.9M | 8.77M |
| Net Change in Cash | -187M | -21M | -912M | 435M | 689M | 169M | 69M | 168M | 220M | -23M | 336.39M | 517M | 620M | 437M | 627.06M | -211.94M | -405.4M | -132.79M | -459.66M | -190.68M |
| Free Cash Flow | 50M | -112M | -278M | 447.54M | 246M | 115M | 462M | -46M | 486M | 105M | 375.58M | 532M | 443M | 406M | 459.29M | -225.24M | -199.03M | -293.85M | -370.86M | -245.42M |
| FCF Margin % | 0.56% | -1.32% | -3.15% | 4.83% | 2.89% | 1.45% | 5.8% | -0.58% | 6.64% | 1.48% | 5.73% | 8.6% | 7.59% | 7% | 8.62% | -4.42% | -3.95% | -5.74% | -7.31% | -5.28% |
| FCF Growth % | -79.67% | -197.39% | -160.17% | 1072.91% | -49.38% | 9.52% | 23.01% | -108.65% | 9.71% | -74.14% | -18.23% | 336.2% | 322.58% | 238.17% | 223.85% | 8.23% | -44.45% | 11% | - | - |
| FCF per Share | 0.03 | -0.06 | -0.15 | 0.24 | 0.13 | 0.06 | 0.25 | -0.03 | 0.27 | 0.06 | 0.21 | 0.29 | 0.25 | 0.23 | 0.26 | -0.13 | -0.11 | -0.17 | -0.21 | -0.14 |
| FCF Conversion (FCF/Net Income) | -0.64x | -0.69x | -3.15x | 8.50x | 17.03x | 3.31x | 4.33x | 4.77x | -8.62x | 42.40x | 0.59x | 7.93x | 5.66x | 5.51x | 5.69x | 0.64x | 0.24x | 0.26x | 0.50x | 0.17x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.58M | 7.68M | 7.77M | 4.97M | 2.19M | 5.68M | 5.21M | 6.25M | 7.29M | 6.09M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60.81M | 9.86M | 34.1M | 5.22M | 3.06M | 1.51M | -891K | 2.23M | 1.5M | 0 |