Sea Limited (SE) annual results, year to 31 December 2019: revenue USD 2,175 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 2019 it reported revenue of USD 2,175 million, up 163.1% on the year before. Its profit attributable to shareholders was USD -1,463 million, and diluted earnings per share USD -3.35.
The year to 31 December 2019, against the year before
| Year to | Dec 2018 | Dec 2019 |
|---|---|---|
| Revenue | 827 | 2,175 |
| Cost of sales | 812 | 1,570 |
| Gross profit | 14.8 | 605 |
| Research and development | 67.5 | 157 |
| Operating profit | -989 | -891 |
| Profit before tax | -954 | -1,369 |
| Income tax | 4.1 | 85.9 |
| Profit for the year | -961 | -1,458 |
| Profit attributable to shareholders | -961 | -1,463 |
| 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 2018 | Dec 2019 |
|---|---|---|
| Cash from operations | -495 | 69.9 |
| Purchase of property, plant and equipment | 177 | 240 |
| Free cash flow | -673 | -170 |
| 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 2018 | Dec 2019 |
|---|---|---|
| Total assets | 2,193 | 5,224 |
| Equity attributable to shareholders | -243 | 1,162 |
| Cash and cash equivalents | 1,003 | 3,119 |
| Borrowings, as filed | 1.9 | 1.6 |
| Trade and other receivables | 97.8 | 187 |
| Inventories | 37.7 | 26.9 |
| 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 2018 | Dec 2019 |
|---|---|---|
| Gross margin | 1.8% | 27.8% |
| Operating margin | -119.6% | -41.0% |
| Net margin | -116.2% | -67.2% |
| Free cash flow margin | -81.3% | -7.8% |
| Return on year-end equity | n/a | -125.8% |
| 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, this page
- Year to 31 December 2018
- Year to 31 December 2017
- Year to 31 December 2016
- Year to 31 December 2015
Source
20-F for the year to 31 December 2019, filed 22 April 2022, accession 0001140361-22-015578: 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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