Sea Limited (SE) annual results, year to 31 December 2018: revenue USD 827 million, from the 20-F
Sea Limited files a 20-F with the SEC once a year, in US dollars. In the year to 31 December 2018 it reported revenue of USD 827 million, up 99.7% on the year before. Its profit attributable to shareholders was USD -961 million, and diluted earnings per share USD -2.84.
The year to 31 December 2018, against the year before
| Year to | Dec 2017 | Dec 2018 |
|---|---|---|
| Revenue | 414 | 827 |
| Cost of sales | 327 | 812 |
| Gross profit | 87.3 | 14.8 |
| Research and development | 29.3 | 67.5 |
| Operating profit | -502 | -989 |
| Profit before tax | -549 | -954 |
| Income tax | 10.7 | 4.1 |
| Profit for the year | -561 | -961 |
| Profit attributable to shareholders | -560 | -961 |
| Filing | 20-F | 20-F |
USD million, from the 20-F on the SEC's EDGAR, linked in the last row, on the US GAAP tags the company filed. A line the company does not file under the standard tag is left out rather than estimated.
USD per ordinary share, as filed.
Cash flow
| Year to | Dec 2017 | Dec 2018 |
|---|---|---|
| Cash from operations | -259 | -495 |
| Purchase of property, plant and equipment | 67.4 | 177 |
| Free cash flow | -327 | -673 |
| Filing | 20-F | 20-F |
USD million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet at year end
| Year to | Dec 2017 | Dec 2018 |
|---|---|---|
| Total assets | 1,988 | 2,193 |
| Equity attributable to shareholders | 469 | -243 |
| Cash and cash equivalents | 1,347 | 1,003 |
| Borrowings, as filed | 2.0 | 1.9 |
| Trade and other receivables | 61.8 | 97.8 |
| Inventories | 9.8 | 37.7 |
| Goodwill | 31.0 | 31.0 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2017 | Dec 2018 |
|---|---|---|
| Gross margin | 21.1% | 1.8% |
| Operating margin | -121.3% | -119.6% |
| Net margin | -135.3% | -116.2% |
| Free cash flow margin | -78.9% | -81.3% |
| Return on year-end equity | -119.5% | n/a |
| Filing | 20-F | 20-F |
Arithmetic on the filed lines of the same year.
Every annual report here
- Year to 31 December 2025
- Year to 31 December 2024
- Year to 31 December 2023
- Year to 31 December 2022
- Year to 31 December 2021
- Year to 31 December 2020
- Year to 31 December 2019
- Year to 31 December 2018, this page
- Year to 31 December 2017
- Year to 31 December 2016
- Year to 31 December 2015
Source
20-F for the year to 31 December 2018, filed 16 April 2021, accession 0001140361-21-013089: the filing on EDGAR. All of Sea Limited's filings: EDGAR company page. The figures are in US dollars as filed.
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