Sea Limited (SE) annual results, year to 31 December 2020: revenue USD 4,376 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 2020 it reported revenue of USD 4,376 million, up 101.1% on the year before. Its profit attributable to shareholders was USD -1,618 million, and diluted earnings per share USD -3.39.
The year to 31 December 2020, against the year before
| Year to | Dec 2019 | Dec 2020 |
|---|---|---|
| Revenue | 2,175 | 4,376 |
| Cost of sales | 1,570 | 3,027 |
| Gross profit | 605 | 1,349 |
| Research and development | 157 | 354 |
| Operating profit | -891 | -1,303 |
| Profit before tax | -1,369 | -1,483 |
| Income tax | 85.9 | 142 |
| Profit for the year | -1,458 | -1,624 |
| Profit attributable to shareholders | -1,463 | -1,618 |
| 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 2019 | Dec 2020 |
|---|---|---|
| Cash from operations | 69.9 | 556 |
| Purchase of property, plant and equipment | 240 | 336 |
| Free cash flow | -170 | 220 |
| 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 2019 | Dec 2020 |
|---|---|---|
| Total assets | 5,224 | 10,456 |
| Equity attributable to shareholders | 1,162 | 3,383 |
| Cash and cash equivalents | 3,119 | 6,167 |
| Borrowings, as filed | 1.6 | 0.0 |
| Trade and other receivables | 187 | 363 |
| Inventories | 26.9 | 64.2 |
| Goodwill | 31.0 | 216 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2019 | Dec 2020 |
|---|---|---|
| Gross margin | 27.8% | 30.8% |
| Operating margin | -41.0% | -29.8% |
| Net margin | -67.2% | -37.0% |
| Free cash flow margin | -7.8% | 5.0% |
| Return on year-end equity | -125.8% | -47.8% |
| 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, this page
- Year to 31 December 2019
- 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 2020, filed 6 April 2023, accession 0001140361-23-017021: 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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