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  "documentTitle": "Coupang | Investor Presentation Deck | 16 slides",
  "authorId": "coupang",
  "authorName": "Coupang",
  "documentKindSlug": "pitchdeck",
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  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-10-01 00:00:00",
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  "pageNumber": 11,
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  "nDataPoints": 9,
  "notes": "The slide highlights the company's financial trajectory and strategic levers for profitability.",
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      "kind": "list",
      "text": "1 Scaling profitability, 2 Optimization of working capital, 3 Balanced capex spend",
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      "text": "Note 1: Free Cash Flow defined as defined as cash flow from operations, less capital expenditures, plus proceeds from sale of property and equipment. Capital expenditures for strategic land and building assets was $102M, $215M, and $227M in 2020, 2021, and 2022, respectively.",
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      "text": "Adj. EBITDA - consolidated, Cash flow from operations, Free cash flow, 2020, 2021, 2022, (357), (748), 381, 302, (411), 565, (183), (1,082), (246)",
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      "kind": "title",
      "text": "Progression Towards Free Cash Flow Positive",
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      "arcName": "The Sequoia Pitch",
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      "evidence": "The slides 'Compounding Customer Cohort Spend', 'Newer Cohorts Spend Starting Higher, Growing Faster', 'WOW Membership Growth', 'Improving Gross Profit and Margin', 'Product Commerce Adj. EBITDA Trends', and 'Progression Towards Free Cash Flow Positive' demonstrate traction.",
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