Sea Limited (SE) annual results, year to 31 December 2022: revenue USD 12,450 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 2022 it reported revenue of USD 12,450 million, up 25.1% on the year before. Its profit attributable to shareholders was USD -1,651 million, and diluted earnings per share USD -2.96.
The year to 31 December 2022, against the year before
| Year to | Dec 2021 | Dec 2022 |
|---|---|---|
| Revenue | 9,955 | 12,450 |
| Cost of sales | 6,059 | 7,264 |
| Gross profit | 3,896 | 5,185 |
| Research and development | 832 | 1,377 |
| Operating profit | -1,583 | -1,488 |
| Profit before tax | -1,715 | -1,501 |
| Income tax | 333 | 168 |
| Profit for the year | -2,043 | -1,658 |
| Profit attributable to shareholders | -2,047 | -1,651 |
| 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 2021 | Dec 2022 |
|---|---|---|
| Cash from operations | 209 | -1,056 |
| Purchase of property, plant and equipment | 772 | 924 |
| Free cash flow | -564 | -1,980 |
| 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 2021 | Dec 2022 |
|---|---|---|
| Total assets | 18,756 | 17,003 |
| Equity attributable to shareholders | 7,399 | 5,716 |
| Cash and cash equivalents | 9,248 | 6,030 |
| Trade and other receivables | 388 | 269 |
| Inventories | 117 | 110 |
| Goodwill | 540 | 230 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2021 | Dec 2022 |
|---|---|---|
| Gross margin | 39.1% | 41.6% |
| Operating margin | -15.9% | -11.9% |
| Net margin | -20.6% | -13.3% |
| Free cash flow margin | -5.7% | -15.9% |
| Return on year-end equity | -27.7% | -28.9% |
| 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, this page
- Year to 31 December 2021
- 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 2022, filed 17 April 2025, accession 0001193125-25-084311: 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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