Sea Limited (SE) annual results, year to 31 December 2023: revenue USD 13,064 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 2023 it reported revenue of USD 13,064 million, up 4.9% on the year before. Its profit attributable to shareholders was USD 151 million, and diluted earnings per share USD 0.25.
The year to 31 December 2023, against the year before
| Year to | Dec 2022 | Dec 2023 |
|---|---|---|
| Revenue | 12,450 | 13,064 |
| Cost of sales | 7,264 | 7,230 |
| Gross profit | 5,185 | 5,834 |
| Research and development | 1,377 | 1,164 |
| Operating profit | -1,488 | 225 |
| Profit before tax | -1,501 | 432 |
| Income tax | 168 | 263 |
| Profit for the year | -1,658 | 163 |
| Profit attributable to shareholders | -1,651 | 151 |
| 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 2022 | Dec 2023 |
|---|---|---|
| Cash from operations | -1,056 | 2,080 |
| Purchase of property, plant and equipment | 924 | 242 |
| Free cash flow | -1,980 | 1,838 |
| 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 2022 | Dec 2023 |
|---|---|---|
| Total assets | 17,003 | 18,883 |
| Equity attributable to shareholders | 5,716 | 6,594 |
| Cash and cash equivalents | 6,030 | 2,811 |
| Trade and other receivables | 269 | 263 |
| Inventories | 110 | 125 |
| Goodwill | 230 | 113 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2022 | Dec 2023 |
|---|---|---|
| Gross margin | 41.6% | 44.7% |
| Operating margin | -11.9% | 1.7% |
| Net margin | -13.3% | 1.2% |
| Free cash flow margin | -15.9% | 14.1% |
| Return on year-end equity | -28.9% | 2.3% |
| Effective tax rate | n/a | 60.8% |
| 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, this page
- 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
- Year to 31 December 2017
- Year to 31 December 2016
- Year to 31 December 2015
Source
20-F for the year to 31 December 2023, filed 17 April 2026, accession 0001140361-26-015366: 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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