Sea Limited (SE) annual results, year to 31 December 2021: revenue USD 9,955 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 2021 it reported revenue of USD 9,955 million, up 127.5% on the year before. Its profit attributable to shareholders was USD -2,047 million, and diluted earnings per share USD -3.84.
The year to 31 December 2021, against the year before
| Year to | Dec 2020 | Dec 2021 |
|---|---|---|
| Revenue | 4,376 | 9,955 |
| Cost of sales | 3,027 | 6,059 |
| Gross profit | 1,349 | 3,896 |
| Research and development | 354 | 832 |
| Operating profit | -1,303 | -1,583 |
| Profit before tax | -1,483 | -1,715 |
| Income tax | 142 | 333 |
| Profit for the year | -1,624 | -2,043 |
| Profit attributable to shareholders | -1,618 | -2,047 |
| 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 2020 | Dec 2021 |
|---|---|---|
| Cash from operations | 556 | 209 |
| Purchase of property, plant and equipment | 336 | 772 |
| Free cash flow | 220 | -564 |
| 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 2020 | Dec 2021 |
|---|---|---|
| Total assets | 10,456 | 18,756 |
| Equity attributable to shareholders | 3,383 | 7,399 |
| Cash and cash equivalents | 6,167 | 9,248 |
| Borrowings, as filed | 0.0 | n/a |
| Trade and other receivables | 363 | 388 |
| Inventories | 64.2 | 117 |
| Goodwill | 216 | 540 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2020 | Dec 2021 |
|---|---|---|
| Gross margin | 30.8% | 39.1% |
| Operating margin | -29.8% | -15.9% |
| Net margin | -37.0% | -20.6% |
| Free cash flow margin | 5.0% | -5.7% |
| Return on year-end equity | -47.8% | -27.7% |
| 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, this page
- Year to 31 December 2020
- 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 2021, filed 26 April 2024, accession 0001140361-24-022429: 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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