Sea Limited: Difference between revisions
| Line 58: | Line 58: | ||
=== Balance Sheet === | === Balance Sheet === | ||
{| class="wikitable" | {| class="wikitable" | ||
!'''Year end date''' | !'''Year end date''' | ||
| Line 67: | Line 66: | ||
!31/12/2018 | !31/12/2018 | ||
|- | |- | ||
|Total Revenue | |Total Revenue ($million) | ||
|12,449,705 | |12,449,705 | ||
|9,955,190 | |9,955,190 | ||
| Line 74: | Line 73: | ||
|826,968 | |826,968 | ||
|- | |- | ||
|Cost of Revenue | |Cost of Revenue ($million) | ||
| -7,264,428 | | -7,264,428 | ||
| -6,059,455 | | -6,059,455 | ||
| Line 81: | Line 80: | ||
| -812,210 | | -812,210 | ||
|- | |- | ||
|'''Gross Profit''' | |'''Gross Profit ($million)''' | ||
|'''5,185,277''' | |'''5,185,277''' | ||
|'''3,895,735''' | |'''3,895,735''' | ||
| Line 95: | Line 94: | ||
| | | | ||
|- | |- | ||
|Research and Development | |Research and Development ($million) | ||
| -1,376,501 | | -1,376,501 | ||
| -831,703 | | -831,703 | ||
| Line 102: | Line 101: | ||
| -67,529 | | -67,529 | ||
|- | |- | ||
|General and Admin. | |General and Admin. ($million) | ||
| -1,437,612 | | -1,437,612 | ||
| -987,868 | | -987,868 | ||
| Line 109: | Line 108: | ||
| -240,781 | | -240,781 | ||
|- | |- | ||
|Sales and marketing | |Sales and marketing ($million) | ||
| -3,269,223 | | -3,269,223 | ||
| -3,829,743 | | -3,829,743 | ||
| Line 116: | Line 115: | ||
| -705,015 | | -705,015 | ||
|- | |- | ||
|Other Operating Income | |Other Operating Income ($million) | ||
|279,184 | |279,184 | ||
|287,946 | |287,946 | ||
| Line 123: | Line 122: | ||
|9,799 | |9,799 | ||
|- | |- | ||
|Provision for credit losses | |Provision for credit losses ($million) | ||
| -513,690 | | -513,690 | ||
| -117,427 | | -117,427 | ||
| Line 130: | Line 129: | ||
| -- | | -- | ||
|- | |- | ||
|Goodwill | |Goodwill ($million) | ||
| -354,943 | | -354,943 | ||
| -- | | -- | ||
| Line 137: | Line 136: | ||
| -- | | -- | ||
|- | |- | ||
|'''Total operating expenses''' | |'''Total operating expenses ($million)''' | ||
|'''-6,672,785''' | |'''-6,672,785''' | ||
|'''-5,478,795''' | |'''-5,478,795''' | ||
| Line 144: | Line 143: | ||
|'''-1,003,526''' | |'''-1,003,526''' | ||
|- | |- | ||
|'''Operating Loss''' | |'''Operating Loss ($million)''' | ||
|'''-1,487,508''' | |'''-1,487,508''' | ||
|'''-1,583,060''' | |'''-1,583,060''' | ||
| Line 151: | Line 150: | ||
|'''-988,768''' | |'''-988,768''' | ||
|- | |- | ||
|Interest income/expense and others* | |Interest income/expense and others* ($million) | ||
| -13,025 | | -13,025 | ||
| -132,124 | | -132,124 | ||
| Line 158: | Line 157: | ||
|34,888 | |34,888 | ||
|- | |- | ||
|'''Earnings/Losses Before Tax''' | |'''Earnings/Losses Before Tax ($million)''' | ||
|'''-1,500,533''' | |'''-1,500,533''' | ||
|'''-1,715,184''' | |'''-1,715,184''' | ||
| Line 165: | Line 164: | ||
|'''-953,880''' | |'''-953,880''' | ||
|- | |- | ||
|Income Tax | |Income Tax ($million) | ||
| -168,395 | | -168,395 | ||
| -332,865 | | -332,865 | ||
| Line 172: | Line 171: | ||
| -4,088 | | -4,088 | ||
|- | |- | ||
|Share of results of equity investees | |Share of results of equity investees ($million) | ||
|11,156 | |11,156 | ||
|5,019 | |5,019 | ||
| Line 179: | Line 178: | ||
|3,066 | |3,066 | ||
|- | |- | ||
|'''Net loss''' | |'''Net loss ($million)''' | ||
|'''-1,657,772''' | |'''-1,657,772''' | ||
|'''-2,043,030''' | |'''-2,043,030''' | ||
| Line 186: | Line 185: | ||
|'''-961,034''' | |'''-961,034''' | ||
|- | |- | ||
|Net income/loss attributable to non-controlling interests | |Net income/loss attributable to non-controlling interests ($million) | ||
|6,351 | |6,351 | ||
| -3,729 | | -3,729 | ||
| Line 193: | Line 192: | ||
| -207 | | -207 | ||
|- | |- | ||
|'''Net Loss Applicable to Common Shareholders''' | |'''Net Loss Applicable to Common Shareholders ($million)''' | ||
|'''-1,651,421''' | |'''-1,651,421''' | ||
|'''-2,046,759''' | |'''-2,046,759''' | ||
Revision as of 15:40, 19 August 2023
Summary
Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums. The company also operates Shopee e-commerce platform, a mobile-centric marketplace that provides integrated payment and logistics infrastructure and seller services. In addition, it offers SeaMoney digital financial services to individuals and businesses, including offline and online mobile wallet, and payment processing services, as well as other offerings across credit, insurtech, and digital bank services under the ShopeePay, SPayLater, SeaBank, and other digital financial services brands; and payment processing services for Shopee. The company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Sea Limited was incorporated in 2009 and is headquartered in Singapore.
Strategy and Outlook
History
Mission Statement
Marketing and growth strategy
Sector and Income Breakdown
Subsidiaries
Segments of operation
Main streams of income
Corporate Governance
The Team
Ownership Structure
Market
Total Addressable Market
Key Market Drivers
Key Market Challenges and Risks
Financials
Historic
Most recent quarter
Most recent year
All periods
Forward
Method
Financial Forecasts
Risk Analysis
Valuation
Appendix
Balance Sheet
| Year end date | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 |
|---|---|---|---|---|---|
| Total Revenue ($million) | 12,449,705 | 9,955,190 | 4,375,664 | 2,175,378 | 826,968 |
| Cost of Revenue ($million) | -7,264,428 | -6,059,455 | -3,026,759 | -1,570,458 | -812,210 |
| Gross Profit ($million) | 5,185,277 | 3,895,735 | 1,348,905 | 604,920 | 14,758 |
| Operating Income/Expenses | |||||
| Research and Development ($million) | -1,376,501 | -831,703 | -353,785 | -156,634 | -67,529 |
| General and Admin. ($million) | -1,437,612 | -987,868 | -599,706 | -385,865 | -240,781 |
| Sales and marketing ($million) | -3,269,223 | -3,829,743 | -1,830,875 | -969,543 | -705,015 |
| Other Operating Income ($million) | 279,184 | 287,946 | 189,645 | 15,890 | 9,799 |
| Provision for credit losses ($million) | -513,690 | -117,427 | -57,509 | -- | -- |
| Goodwill ($million) | -354,943 | -- | -- | -- | -- |
| Total operating expenses ($million) | -6,672,785 | -5,478,795 | -2,652,230 | -1,496,152 | -1,003,526 |
| Operating Loss ($million) | -1,487,508 | -1,583,060 | -1,303,325 | -891,232 | -988,768 |
| Interest income/expense and others* ($million) | -13,025 | -132,124 | -179,913 | -477,387 | 34,888 |
| Earnings/Losses Before Tax ($million) | -1,500,533 | -1,715,184 | -1,483,238 | -1,368,619 | -953,880 |
| Income Tax ($million) | -168,395 | -332,865 | -141,640 | -85,864 | -4,088 |
| Share of results of equity investees ($million) | 11,156 | 5,019 | 721 | -3,239 | 3,066 |
| Net loss ($million) | -1,657,772 | -2,043,030 | -1,624,157 | -1,457,722 | -961,034 |
| Net income/loss attributable to non-controlling interests ($million) | 6,351 | -3,729 | 6,101 | -5,077 | -207 |
| Net Loss Applicable to Common Shareholders ($million) | -1,651,421 | -2,046,759 | -1,618,056 | -1,462,799 | -961,241 |