Sea Limited (SE)

Sea Limited Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	13,757	13,064	12,450	9,955	4,376	2,175
Revenue Growth (YoY)	9.26%	4.93%	25.06%	127.51%	101.14%	163.05%
Cost of Revenue	7,786	7,230	7,264	6,059	3,027	1,570
Gross Profit	5,971	5,834	5,185	3,896	1,349	604.92
Selling, General & Admin	4,241	3,914	4,707	4,818	2,431	1,355
Research & Development	1,148	1,164	1,377	831.7	353.79	156.63
Other Operating Expenses	411.15	530.8	589.45	-170.52	-132.14	-15.89
Operating Expenses	5,800	5,609	6,673	5,479	2,652	1,496
Operating Income	170.65	224.78	-1,487.51	-1,583.06	-1,303.33	-891.23
Interest Expense / Income	40.4	41.08	45.4	136.88	123.84	48.21
Other Expense / Income	-188.29	-229.7	-49.88	-6.04	49.25	437.5
Pretax Income	318.53	413.41	-1,483.03	-1,713.89	-1,476.42	-1,376.94
Income Tax	279.54	262.68	168.4	332.87	141.64	85.86
Net Income	38.99	150.73	-1,651.42	-2,046.76	-1,618.06	-1,462.8
Shares Outstanding (Basic)	571	567	558	533	477	437
Shares Outstanding (Diluted)	571	594	558	533	477	437
Shares Change	-4.64%	6.50%	4.77%	11.62%	9.31%	28.99%
EPS (Basic)	0.07	0.27	-2.96	-3.84	-3.39	-3.35
EPS (Diluted)	0.06	0.25	-2.96	-3.84	-3.39	-3.35
Free Cash Flow	1,746	1,883	-1,911.98	-597.91	200.55	-176
Free Cash Flow Per Share	3.06	3.32	-3.43	-1.12	0.42	-0.40
Gross Margin	43.40%	44.66%	41.65%	39.13%	30.83%	27.81%
Operating Margin	1.24%	1.72%	-11.95%	-15.90%	-29.79%	-40.97%
Profit Margin	0.28%	1.15%	-13.26%	-20.56%	-36.98%	-67.24%
Free Cash Flow Margin	12.69%	14.42%	-15.36%	-6.01%	4.58%	-8.09%
Effective Tax Rate	87.76%	63.54%	-	-	-	-
EBITDA	-	895.33	-1,009.29	-1,297.99	-1,171.81	-1,207.1
EBITDA Margin	-	6.85%	-8.11%	-13.04%	-26.78%	-55.49%
Depreciation & Amortization	-	440.85	428.34	279.03	180.76	121.63
EBIT	358.93	454.48	-1,437.63	-1,577.02	-1,352.57	-1,328.73
EBIT Margin	2.61%	3.48%	-11.55%	-15.84%	-30.91%	-61.08%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).