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Schedule I - Condensed Financial information of Parent (Coupang, Inc.) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule I - Condensed Financial information of Parent (Coupang, Inc.) | COUPANG, INC. Schedule I - Condensed Financial Information of Parent (COUPANG, INC.) Condensed Statements of Operations and Comprehensive Income/(Loss)
(in millions) | 2023 |  | 2022 |  | 2021
Management service fee revenues | $ | 18 |  |  | $ | 17 |  |  | $ | 17 |
Operating cost and expenses | (400) |  |  | (324) |  |  | (349) |
Interest expense | (2) |  |  | (2) |  |  | (22) |
Other income, net | 84 |  |  | 28 |  |  | 2 |
Loss before equity in earnings (losses) of subsidiaries | (300) |  |  | (281) |  |  | (352) |
Equity in earnings (losses) of subsidiaries | 1,783 |  |  | 189 |  |  | (1,191) |
Income (loss) before taxes | 1,483 |  |  | (92) |  |  | (1,543) |
Income tax expense | 123 |  |  | — |  |  | — |
Net income (loss) | $ | 1,360 |  |  | $ | (92) |  |  | $ | (1,543) |
Other comprehensive income (loss): |  |  |  |  |
Foreign currency translation adjustments, net of tax | (2) |  |  | 9 |  |  | 41 |
Actuarial (loss) gain on defined severance benefits, net of tax | (18) |  |  | 41 |  |  | (57) |
Total other comprehensive (loss) income | (20) |  |  | 50 |  |  | (16) |
Comprehensive income (loss) | $ | 1,340 |  |  | $ | (42) |  |  | $ | (1,559) |
See accompanying notes to condensed financial statements. COUPANG, INC. Schedule I - Condensed Financial Information of Parent (COUPANG, INC.) Condensed Balance Sheets
(in millions) | December 31, 2023 |  | December 31, 2022
Assets |  |  |
Cash and cash equivalents | $ | 1,592 |  |  | $ | 1,595 |
Restricted cash | 79 |  |  | 57 |
Other current assets | 20 |  |  | 10 |
Total current assets | 1,691 |  |  | 1,662 |
Other assets | 12 |  |  | 1 |
Investment in subsidiaries | 2,438 |  |  | 763 |
Total assets | $ | 4,141 |  |  | $ | 2,426 |
Liabilities and stockholders' equity |  |  |
Other current liabilities | $ | 42 |  |  | $ | 12 |
Total current liabilities | 42 |  |  | 12 |
Other liabilities | 10 |  |  | — |
Total liabilities | 52 |  |  | 12 |
Stockholders' equity |  |  |
Common stock | — |  |  | — |
Additional paid-in capital | 8,489 |  |  | 8,154 |
Accumulated other comprehensive (loss) income | (17) |  |  | 3 |
Accumulated deficit | (4,383) |  |  | (5,743) |
Total stockholders' equity | 4,089 |  |  | 2,414 |
Total liabilities and stockholders' equity | $ | 4,141 |  |  | $ | 2,426 |
See accompanying notes to condensed financial statements. COUPANG, INC. Schedule I - Condensed Financial Information of Parent (COUPANG, INC.) Condensed Statements of Cash Flows
(in millions) | 2023 |  | 2022 |  | 2021
Operating activities |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 95 |  |  | $ | (79) |  |  | $ | (58) |
Investing activities |  |  |  |  |
Capital contribution to subsidiaries | (121) |  |  | (725) |  |  | (1,274) |
Return of capital contribution from subsidiaries | 61 |  |  | 80 |  |  | 204 |
Increase of short-term loans | (25) |  |  | — |  |  | — |
Net cash used in investing activities | (85) |  |  | (645) |  |  | (1,070) |
Financing activities |  |  |  |  |
Proceeds from issuance of common units and preferred units, net of issuance costs | — |  |  | — |  |  | 3,431 |
Deferred offering costs paid | — |  |  | — |  |  | (12) |
Proceeds from issuance of common stock/units, equity-based compensation plan | 9 |  |  | 18 |  |  | 62 |
Other, net | — |  |  | — |  |  | (1) |
Net cash provided by financing activities | 9 |  |  | 18 |  |  | 3,480 |
Cash and cash equivalents |  |  |  |  |
Net increase (decrease) in cash and cash equivalents | 19 |  |  | (706) |  |  | 2,352 |
Cash and cash equivalents as of beginning of the period | 1,652 |  |  | 2,358 |  |  | 6 |
Cash and cash equivalents as of end of the period | $ | 1,671 |  |  | $ | 1,652 |  |  | $ | 2,358 |
See accompanying notes to condensed financial statements.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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