Sea Limited Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	13,064	12,450	9,955	4,376	2,175	826.97	414.19	345.67	292.12	160.76
Revenue Growth (YoY)	4.93%	25.06%	127.51%	101.14%	163.05%	99.66%	19.82%	18.33%	81.72%	-
Cost of Revenue	7,230	7,264	6,059	3,027	1,570	812.21	326.88	232.6	184.3	124.57
Gross Profit	5,834	5,185	3,896	1,349	604.92	14.76	87.31	113.07	107.83	36.18
Selling, General & Admin	3,914	4,707	4,818	2,431	1,355	945.8	563.84	299.76	176.22	113.75
Research & Development	1,164	1,377	831.7	353.79	156.63	67.53	29.32	20.81	17.73	11.05
Other Operating Expenses	530.8	589.45	-170.52	-132.14	-15.89	-9.8	-3.5	-2.1	-3.06	-0.74
Operating Expenses	5,609	6,673	5,479	2,652	1,496	1,004	589.67	318.46	190.89	124.06
Operating Income	224.78	-1,487.51	-1,583.06	-1,303.33	-891.23	-988.77	-502.36	-205.39	-83.06	-87.88
Interest Expense / Income	41.08	45.4	136.88	123.84	48.21	31.3	26.5	0.02	0.03	0.18
Other Expense / Income	-229.7	-49.88	-6.04	49.25	437.5	-62.91	20.88	8.91	8.54	-2.2
Pretax Income	413.41	-1,483.03	-1,713.89	-1,476.42	-1,376.94	-957.15	-549.74	-214.32	-91.64	-85.86
Income Tax	262.68	168.4	332.87	141.64	85.86	4.09	10.75	8.55	11.73	2.52
Net Income	150.73	-1,651.42	-2,046.76	-1,618.06	-1,462.8	-961.24	-560.49	-222.87	-103.37	-88.38
Shares Outstanding (Basic)	567	558	533	477	437	338	206	171	165	132
Shares Outstanding (Diluted)	594	558	533	477	437	338	206	171	165	132
Shares Change	6.50%	4.77%	11.62%	9.31%	28.99%	64.53%	20.22%	3.95%	24.96%	-
EPS (Basic)	0.27	-2.96	-3.84	-3.39	-3.35	-2.84	-2.72	-1.30	-0.63	-0.67
EPS (Diluted)	0.25	-2.96	-3.84	-3.39	-3.35	-2.84	-2.72	-1.30	-0.63	-0.67
Free Cash Flow	2,080	-1,055.69	-597.91	200.55	-176	-671.65	-326.27	-118.29	-50.81	-16.84
Free Cash Flow Per Share	3.67	-1.89	-1.12	0.42	-0.40	-1.98	-1.59	-0.69	-0.31	-0.13
Gross Margin	44.66%	41.65%	39.13%	30.83%	27.81%	1.78%	21.08%	32.71%	36.91%	22.51%
Operating Margin	1.72%	-11.95%	-15.90%	-29.79%	-40.97%	-119.57%	-121.29%	-59.42%	-28.43%	-54.67%
Profit Margin	1.15%	-13.26%	-20.56%	-36.98%	-67.24%	-116.24%	-135.32%	-64.47%	-35.38%	-54.98%
Free Cash Flow Margin	15.92%	-8.48%	-6.01%	4.58%	-8.09%	-81.22%	-78.77%	-34.22%	-17.39%	-10.47%
Effective Tax Rate	63.54%	-	-	-	-	-	-	-	-	-
EBITDA	-	-1,009.29	-1,297.99	-1,171.81	-1,207.1	-847.13	-482.32	-174.74	-62.34	-67.3
EBITDA Margin	-	-8.11%	-13.04%	-26.78%	-55.49%	-102.44%	-116.45%	-50.55%	-21.34%	-41.86%
Depreciation & Amortization	-	428.34	279.03	180.76	121.63	78.73	40.92	39.55	29.26	18.38
EBIT	454.48	-1,437.63	-1,577.02	-1,352.57	-1,328.73	-925.86	-523.24	-214.3	-91.6	-85.68
EBIT Margin	3.48%	-11.55%	-15.84%	-30.91%	-61.08%	-111.96%	-126.33%	-61.99%	-31.36%	-53.30%

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).