Coupang Inc-A 2024年度报告

FORM10-K (Mark One) COUPANG, INC.(Exact name of registrant as specified in its charter) 27-2810505 (I.R.S. EmployerIdentification Number) (Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) (Name of each exchange on which registered) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by a check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant, as of the last business day of theregistrant’s most recently completed second fiscal quarter (based on the closing price of the Registrant’s Class A common stock on June 28, 2024 asreported on the New York Stock Exchange) was approximately $25.2billion. Solely for purposes of this disclosure, the registrant has assumed that alloutstanding shares of the registrant’s common stock are held by non-affiliates, except for shares of common stock held by each of the registrant’sexecutive officers, directors, and 10% or greater stockholders as such persons may be deemed to be affiliates. This assumption should not be deemedto constitute an admission that all of the registrant’s executive officers, directors, and 10% or greater stockholders are, in fact, affiliates of the registrant,or that there are not other persons who may be deemed to be affiliates of the registrant. As of February20, 2025, there were1,647,684,518shares of the registrant’s Class A common stock and157,802,990shares of the registrant’s Class Bcommon stock, each with a par value of $0.0001 per share, outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant’s Proxy Statement for the 2025 Annual Meeting of Stockholders are incorporated herein by reference in Part III of this AnnualReport on Form 10-K to the extent stated herein. Such Proxy Statement will be filed with the Securities and Exchange Commission within 120 days afterthe end of the Registrant’s fiscal year ended December31, 2024. COUPANG, INC.Form 10-KFor the Fiscal Year Ended December31, 2024TABLE OF CONTENTS PART I Item 1.Business4Item 1A.Risk Factors7Item 1B.Unresolved Staff Comments42Item 1C.Cybersecurity42Item 2.Properties42Item 3.Legal Proceedings43Item 4.Mine Safety Disclosures43 PART II Item 5.Market for the Registrant’s Common Stock, Related Stockholder Matters and Issuer Purchases of EquitySecurities44Item 6.[Reserved]44Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations45Item 7A.Quantitative and Qualitative Disclosures About Market Risk58Item 8.Financial State