Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Sea.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.82B | $13.06B | $12.45B | $9.96B | $4.38B | $2.18B | $826.97M | $414.19M | $345.67M | $292.12M |
| Cost of Revenue | $9.61B | $7.23B | $7.26B | $6.06B | $3.03B | $1.57B | $812.21M | $326.88M | $232.60M | $184.30M |
| Gross Profit | $7.21B | $5.83B | $5.19B | $3.90B | $1.35B | $604.92M | $14.76M | $87.31M | $113.07M | $107.83M |
| Gross Profit Ratio | 42.84% | 44.70% | 41.65% | 39.10% | 30.83% | 27.81% | 1.78% | 21.08% | 32.71% | 36.91% |
| Research and Development Expenses | $1.21B | $1.16B | $1.38B | $831.70M | $353.79M | $156.63M | $67.53M | $29.32M | $20.81M | $17.73M |
| General and Administrative Expenses | $1.27B | $1.13B | $1.44B | $1.11B | $657.22M | $385.87M | $240.78M | $137.87M | $112.38M | $87.20M |
| Selling and Marketing Expenses | $3.47B | $2.78B | $3.27B | $3.83B | $1.83B | $969.54M | $705.01M | $425.97M | $187.37M | $89.02M |
| Selling General and Administrative Expenses | $4.74B | $3.91B | $4.71B | $4.94B | $2.49B | $1.36B | $945.80M | $563.84M | $299.75M | $176.22M |
| Other Expenses | $596.49M | $530.80M | $234.51M | $-287.95M | $-189.65M | $-15.89M | $41.26M | $-51.95M | $-2.10M | $-3.06M |
| Operating Expenses | $6.54B | $5.61B | $6.32B | $5.48B | $2.65B | $1.50B | $1.00B | $589.67M | $318.46M | $190.89M |
| Cost and Expenses | $16.16B | $12.84B | $13.58B | $11.54B | $5.68B | $3.07B | $1.82B | $916.55M | $551.06M | $375.18M |
| Interest Income | $- | $331.31M | $115.52M | $36.08M | $24.80M | $33.94M | $11.52M | $2.92M | $741.00K | $545.00K |
| Interest Expense | $- | $41.08M | $45.40M | $138.94M | $148.24M | $48.21M | $31.30M | $26.50M | $23.00K | $32.00K |
| Depreciation and Amortization | $440.85M | $440.85M | $428.55M | $279.16M | $181.16M | $121.78M | $78.78M | $41.14M | $39.55M | $29.26M |
| EBITDA | $1.88B | $908.47M | $-1.02B | $-1.30B | $-1.18B | $-1.20B | $-844.46M | $-483.67M | $-157.28M | $-58.09M |
| EBITDA Ratio | 11.18% | 6.95% | -8.17% | -15.54% | -29.22% | -61.15% | -113.18% | -133.12% | -47.76% | -18.23% |
| Operating Income | $662.15M | $224.78M | $-1.13B | $-1.58B | $-1.30B | $-891.23M | $-988.77M | $-502.36M | $-205.39M | $-83.06M |
| Operating Income Ratio | 3.94% | 1.72% | -9.10% | -15.90% | -29.79% | -40.97% | -119.57% | -121.29% | -59.42% | -28.43% |
| Total Other Income Expenses Net | $106.84M | $200.58M | $-13.03M | $-132.12M | $-179.91M | $-477.39M | $34.89M | $-46.15M | $-11.02M | $-4.40M |
| Income Before Tax | $769.00M | $425.36M | $-1.50B | $-1.72B | $-1.48B | $-1.37B | $-953.88M | $-548.51M | $-196.89M | $-87.46M |
| Income Before Tax Ratio | 4.57% | 3.26% | -12.05% | -17.23% | -33.90% | -62.91% | -115.35% | -132.43% | -56.96% | -29.94% |
| Income Tax Expense | $321.17M | $262.68M | $168.40M | $332.87M | $141.64M | $85.86M | $4.09M | $10.74M | $8.55M | $11.73M |
| Net Income | $444.32M | $150.73M | $-1.67B | $-2.05B | $-1.62B | $-1.45B | $-961.24M | $-560.49M | $-222.87M | $-103.37M |
| Net Income Ratio | 2.64% | 1.15% | -13.41% | -20.57% | -37.13% | -66.86% | -116.24% | -135.32% | -64.47% | -35.38% |
| EPS | $0.74 | $0.27 | $-2.99 | $-3.84 | $-3.40 | $-3.33 | $-2.84 | $-2.72 | $-0.85 | $-0.40 |
| EPS Diluted | $0.73 | $0.25 | $-2.99 | $-3.84 | $-3.40 | $-3.33 | $-2.84 | $-2.72 | $-0.85 | $-0.40 |
| Weighted Average Shares Outstanding | 600.43M | 566.61M | 558.12M | 532.71M | 477.26M | 436.60M | 338.47M | 205.73M | 261.32M | 261.32M |
| Weighted Average Shares Outstanding Diluted | 604.71M | 594.41M | 558.12M | 532.71M | 477.26M | 436.60M | 338.47M | 205.73M | 261.32M | 261.32M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $2.41B | $2.81B | $6.03B | $9.25B | $6.17B | $3.12B | $1.00B | $1.35B | $170.08M | $116.20M |
| Short Term Investments | $6.22B | $2.55B | $864.26M | $911.28M | $126.10M | $102.32M | $690.00K | $18.00M | $- | $10.43M |
| Cash and Short Term Investments | $8.62B | $5.36B | $6.89B | $10.16B | $6.29B | $3.22B | $1.00B | $1.37B | $170.08M | $126.63M |
| Net Receivables | $306.66M | $4.38B | $268.81M | $388.31M | $363.00M | $451.36M | $317.87M | $185.31M | $91.79M | $39.70M |
| Inventory | $143.25M | $125.39M | $109.67M | $117.50M | $64.22M | $26.93M | $37.69M | $9.79M | $3.95M | $4.09M |
| Other Current Assets | $7.79B | $1.91B | $5.42B | $4.47B | $2.22B | $974.86M | $571.71M | $283.72M | $98.67M | $59.28M |
| Total Current Assets | $16.86B | $11.77B | $12.69B | $15.14B | $8.94B | $4.41B | $1.71B | $1.72B | $309.88M | $229.69M |
| Property Plant Equipment Net | $2.15B | $2.22B | $2.35B | $1.68B | $620.96M | $501.58M | $192.36M | $74.35M | $31.96M | $33.40M |
| Goodwill | $107.62M | $112.78M | $230.21M | $539.62M | $216.28M | $30.95M | $30.95M | $30.95M | $- | $- |
| Intangible Assets | $27.31M | $50.82M | $65.02M | $52.52M | $39.77M | $15.02M | $12.89M | $37.33M | $29.96M | $50.86M |
| Goodwill and Intangible Assets | $134.94M | $163.60M | $295.23M | $592.14M | $256.05M | $45.97M | $43.84M | $68.28M | $29.96M | $50.86M |
| Long Term Investments | $2.69B | $4.26B | $1.25B | $1.05B | $190.48M | $113.80M | $111.02M | $28.22M | $45.07M | $41.41M |
| Tax Assets | $- | $128.05M | $245.23M | $103.75M | $99.90M | $70.34M | $63.30M | $48.10M | $35.30M | $33.37M |
| Other Non-Current Assets | $786.08M | $331.40M | $175.00M | $192.23M | $349.27M | $82.34M | $71.44M | $48.61M | $33.60M | $41.14M |
| Total Non-Current Assets | $5.77B | $7.11B | $4.31B | $3.62B | $1.52B | $814.03M | $481.96M | $267.57M | $175.89M | $200.18M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $22.63B | $18.88B | $17.00B | $18.76B | $10.46B | $5.22B | $2.19B | $1.99B | $485.77M | $429.87M |
| Account Payables | $350.02M | $342.55M | $258.65M | $213.58M | $121.64M | $69.37M | $37.16M | $8.64M | $6.03M | $8.90M |
| Short Term Debt | $1.58B | $592.93M | $392.75M | $288.01M | $74.56M | $89.01M | $856.00K | $2.01M | $1.86M | $- |
| Tax Payables | $- | $223.64M | $176.60M | $181.40M | $52.31M | $27.21M | $9.54M | $9.61M | $9.43M | $13.05M |
| Deferred Revenue | $- | $1.21B | $1.54B | $2.89B | $2.31B | $1.16B | $456.03M | $295.40M | $137.68M | $180.20M |
| Other Current Liabilities | $9.37B | $5.80B | $6.11B | $12.48B | $2.08B | $2.18B | $682.90M | $322.04M | $108.76M | $42.18M |
| Total Current Liabilities | $11.30B | $8.17B | $6.94B | $7.18B | $4.64B | $2.36B | $1.19B | $637.71M | $263.76M | $244.34M |
| Long Term Debt | $2.53B | $3.87B | $4.11B | $3.97B | $2.02B | $1.51B | $- | $726.95M | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $63.57M | $104.83M | $343.30M | $160.71M | $171.26M | $133.48M | $137.26M | $89.12M |
| Deferred Tax Liabilities Non-Current | $- | $- | $9.97M | $6.99M | $1.53M | $975.00K | $679.00K | $4.38M | $9.30M | $668.00K |
| Other Non-Current Liabilities | $319.98M | $147.26M | $75.33M | $69.32M | $36.18M | $21.47M | $1.07B | $10.63M | $210.41M | $22.04M |
| Total Non-Current Liabilities | $2.85B | $4.02B | $4.26B | $4.16B | $2.40B | $1.69B | $1.25B | $875.44M | $347.67M | $111.83M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $14.15B | $12.19B | $11.19B | $11.33B | $7.04B | $4.05B | $2.43B | $1.51B | $611.42M | $356.17M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $253.00K | $367.00K | $417.00K |
| Common Stock | $295.00K | $285.00K | $281.00K | $278.00K | $255.00K | $230.00K | $170.00K | $167.00K | $88.00K | $87.00K |
| Retained Earnings | $-8.14B | $-8.60B | $-8.75B | $-7.20B | $-5.15B | $-3.53B | $-2.07B | $-1.11B | $-505.01M | $-282.13M |
| Accumulated Other Comprehensive Income Loss | $-193.15M | $-91.02M | $-98.72M | $-22.38M | $7.04M | $5.50M | $15.24M | $10.75M | $8.63M | $6.58M |
| Other Total Stockholders Equity | $16.70B | $15.28B | $14.56B | $14.62B | $8.53B | $4.69B | $1.82B | $1.56B | $985.11M | $347.11M |
| Total Stockholders Equity | $8.37B | $6.59B | $5.72B | $7.40B | $3.38B | $1.16B | $-243.14M | $469.02M | $-125.67M | $71.66M |
| Total Equity | $8.48B | $6.70B | $5.81B | $7.42B | $3.42B | $1.17B | $-239.46M | $475.13M | $-125.65M | $73.70M |
| Total Liabilities and Stockholders Equity | $22.63B | $18.88B | $17.00B | $18.76B | $10.46B | $5.22B | $2.19B | $1.99B | $485.77M | $429.87M |
| Minority Interest | $105.24M | $103.75M | $95.12M | $25.71M | $37.33M | $10.23M | $3.68M | $6.11M | $20.00K | $2.04M |
| Total Liabilities and Total Equity | $22.63B | $18.88B | $17.00B | $18.76B | $10.46B | $5.22B | $2.19B | $1.99B | $485.77M | $429.87M |
| Total Investments | $8.91B | $6.81B | $2.12B | $1.96B | $316.58M | $216.12M | $111.71M | $46.22M | $45.07M | $51.84M |
| Total Debt | $4.11B | $4.46B | $4.49B | $4.25B | $2.09B | $1.59B | $1.06B | $728.96M | $1.86M | $- |
| Net Debt | $1.71B | $1.65B | $-1.54B | $-4.99B | $-4.07B | $-1.53B | $60.84M | $-618.40M | $-168.22M | $-116.20M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $444.32M | $162.68M | $-1.66B | $-2.04B | $-1.62B | $-1.46B | $-961.03M | $-561.17M | $-224.96M | $-107.34M |
| Depreciation and Amortization | $- | $440.85M | $428.34M | $279.03M | $180.76M | $121.63M | $78.73M | $40.92M | $39.55M | $29.26M |
| Deferred Income Tax | $- | $-94.67M | $-140.55M | $-975.00K | $-27.45M | $-6.16M | $-19.80M | $-6.42M | $-2.23M | $-2.32M |
| Stock Based Compensation | $- | $685.03M | $705.90M | $470.32M | $290.25M | $117.07M | $58.12M | $28.64M | $28.84M | $20.56M |
| Change in Working Capital | $- | $55.11M | $-1.37B | $1.28B | $1.53B | $782.06M | $372.81M | $134.82M | $17.52M | $19.16M |
| Accounts Receivables | $- | $-267.31M | $98.98M | $-37.07M | $-174.77M | $-86.55M | $-38.52M | $-24.55M | $4.66M | $-10.87M |
| Inventory | $- | $-14.86M | $1.44M | $-62.73M | $-38.53M | $11.76M | $-28.46M | $-5.97M | $93.00K | $-2.92M |
| Accounts Payables | $- | $478.76M | $43.31M | $99.64M | $50.86M | $31.38M | $29.73M | $1.82M | $-3.05M | $4.29M |
| Other Working Capital | $- | $-141.48M | $-1.51B | $1.28B | $1.69B | $825.47M | $410.07M | $163.51M | $15.82M | $28.66M |
| Other Non Cash Items | $2.83B | $830.70M | $978.02M | $227.08M | $210.30M | $512.98M | $-24.05M | $28.98M | $26.55M | $15.57M |
| Net Cash Provided by Operating Activities | $3.28B | $2.08B | $-1.06B | $208.65M | $555.87M | $69.86M | $-495.22M | $-334.23M | $-114.73M | $-25.10M |
| Investments in Property Plant and Equipment | $- | $-258.60M | $-976.28M | $-807.18M | $-336.27M | $-247.10M | $-178.49M | $-79.75M | $-24.54M | $-76.67M |
| Acquisitions Net | $- | $-43.78M | $-60.94M | $-34.54M | $-77.18M | $7.25M | $1.14M | $-18.09M | $-7.05M | $4.41M |
| Purchases of Investments | $- | $-8.32B | $-2.63B | $-2.51B | $-219.55M | $-118.46M | $-69.64M | $-23.43M | $-19.94M | $-52.08M |
| Sales Maturities of Investments | $- | $3.75B | $2.28B | $798.18M | $19.54M | $640.00K | $22.68M | $-12.07M | $18.50M | $- |
| Other Investing Activities | $-5.04B | $-936.73M | $-1.04B | $-1.22B | $-273.45M | $-5.55M | $-229.00K | $14.72M | $3.10M | $-691.00K |
| Net Cash Used for Investing Activities | $-5.04B | $-5.80B | $-2.43B | $-3.77B | $-886.91M | $-363.22M | $-224.53M | $-118.61M | $-29.93M | $-129.44M |
| Debt Repayment | $- | $-35.29M | $-29.26M | $2.96B | $1.06B | $1.14B | $564.29M | $674.30M | $1.84M | $- |
| Common Stock Issued | $- | $10.64M | $50.21M | $4.05B | $2.97B | $1.54B | $4.57M | $960.92M | $3.21M | $185.04M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $1.68B | $390.66M | $379.30M | $393.18M | $-297.86M | $-95.70M | $-22.24M | $-11.38M | $392.36M | $2.77M |
| Net Cash Used Provided by Financing Activities | $1.68B | $366.01M | $400.26M | $7.40B | $3.73B | $2.58B | $546.63M | $1.62B | $199.62M | $187.82M |
| Effect of Forex Changes on Cash | $-83.14M | $-7.96M | $-143.51M | $-58.22M | $80.73M | $25.02M | $-12.55M | $6.28M | $-1.09M | $-3.07M |
| Net Change in Cash | $-162.07M | $-3.37B | $-3.23B | $3.78B | $3.48B | $2.31B | $-185.67M | $1.18B | $53.88M | $30.21M |
| Cash at End of Period | $4.08B | $4.24B | $7.61B | $10.84B | $7.05B | $3.57B | $1.26B | $1.35B | $170.08M | $116.20M |
| Cash at Beginning of Period | $4.24B | $7.61B | $10.84B | $7.05B | $3.57B | $1.26B | $1.44B | $170.08M | $116.20M | $86.00M |
| Operating Cash Flow | $3.28B | $2.08B | $-1.06B | $208.65M | $555.87M | $69.86M | $-495.22M | $-334.23M | $-114.73M | $-25.10M |
| Capital Expenditure | $- | $-258.26M | $-976.28M | $-807.18M | $-336.27M | $-247.10M | $-178.49M | $-79.75M | $-24.54M | $-76.67M |
| Free Cash Flow | $3.28B | $1.82B | $-2.03B | $-598.53M | $219.59M | $-177.23M | $-673.71M | $-413.98M | $-139.26M | $-101.77M |