Investor Presentaiton
Non-GAAP Measures - Adjusted EBITDA and Adjusted EBITDA Margin
(cont.)
(in thousands)
Total net revenues
2021
Three Months Ended December 31,
2020
$ 5,076,693 $ 3,803,493
Year Ended December 31,
2021
$ 18,406,372 $ 11,967,339
2020
Net loss
Net loss margin
(404,979)
(8.0)%
(82,755)
(2.2)%
(1,542,590)
(463,157)
(8.4)%
(3.9)%
Adjustments:
*******************
Depreciation and amortization (1)
55,614
41,968
201,480
127,519
Interest expense
7,311
29,339
45,358
107,762
Interest income.
(3,195)
(1,479)
(8,645)
(10,991)
Income tax expense
831
64
1,002
292
Other (income) expense, net
3,434
Equity-based compensation (2)
FC Fire losses
55,895
(76,071)
7,314
10,913
249,345
(149,900)
31,331
-
-
295,501
Adjusted EBITDA
Adjusted EBITDA margin
$
(285,089) $
(5.6)%
(81,620)
(2.1)%
$
(747,636) $
(4.1)%
(357,144)
(3.0)%
(1)
(2)
Depreciation and amortization includes amounts in cost of sales of $12 million and $11 million for the three months ended December 31, 2021 and 2020, respectively, and amounts in operating, general and administrative
of $44 million and $31 million for the three months ended December 31, 2021 and 2020, respectively.
Depreciation and amortization includes amounts in cost of sales of $47 million and $30 million for the years ended December 31, 2021 and 2020, respectively, and amounts in operating, general and administrative of $155
million and $98 million for the years months ended December 31, 2021 and 2020, respectively.
Equity-based compensation includes amounts in cost of sales of $4 million and $0 million for the three months ended December 31, 2021 and 2020, respectively, and amounts in operating, general and administrative of
$52 million and $7 million for the three months ended December 31, 2021 and 2020, respectively.
Equity-based compensation includes amounts in cost of sales of $11 million and $1 million for the years ended December 31, 2021 and 2020, respectively, and amounts in operating, general and administrative of $238 mil
lion and $31 million for the years months ended December 31, 2021 and 2020, respectively. Some amounts may not reconcile due to rounding.
coupang
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