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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 6,166,880 $ 3,118,988
Restricted cash 859,192 434,938
Accounts receivable, net of allowance for credit losses of $4,083 and $7,978, as of December 31, 2019 and December 31, 2020 respectively 362,999 187,035
Prepaid expenses and other assets 1,054,229 535,187
Loans receivable, net of allowance for credit losses of nil and $20,872, as of December 31, 2019 and December 31, 2020 respectively 285,937 0
Inventories, net 64,219 26,932
Short-term investments 126,099 102,324
Amounts due from related parties 19,449 4,735
Total current assets 8,939,004 4,410,139
Non-current assets    
Property and equipment, net 386,401 318,620
Operating lease right-of-use assets, net 234,555 182,965
Intangible assets, net 39,773 15,020
Long-term investments 190,482 113,797
Prepaid expenses and other assets 204,804 65,684
Loans receivable, net of allowance for credit losses of nil and $19,612, as of December 31, 2019 and December 31, 2020 respectively 117,149 0
Restricted cash 27,321 16,652
Deferred tax assets 99,904 70,340
Goodwill 216,278 30,952
Total non-current assets 1,516,667 814,030
Total assets 10,455,671 5,224,169
Current liabilities    
Accounts payable (including accounts payable of the Consolidated VIEs without recourse to the primary beneficiaries of $11,274 and $19,290 as of December 31, 2019 and 2020, respectively) 121,637 69,370
Accrued expenses and other payables (including accrued expenses and other payables of the Consolidated VIEs without recourse to the primary beneficiaries of $93,146 and $107,512 as of December 31, 2019 and 2020, respectively) 2,033,461 980,805
Advances from customers (including advances from customers of the Consolidated VIEs without recourse to the primary beneficiaries of $6,116 and $11,014 as of December 31, 2019 and 2020, respectively 161,379 65,062
Amounts due to related parties (including amounts due to related parties of the Consolidated VIEs without recourse to the primary beneficiaries of $1,569 and $2,347 as of December 31, 2019 and 2020, respectively) 42,613 34,990
Short-term borrowings (including short-term borrowings of the Consolidated VIEs without recourse to the primary beneficiaries of $1,258 and nil as of December 31, 2019 and 2020, respectively) 0 1,258
Operating lease liabilities (including operating lease liabilities of the Consolidated VIEs without recourse to the primary beneficiaries of $8,797 and $10,122 as of December 31, 2019 and 2020, respectively) 74,506 56,320
Deferred revenue (including deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries of $133,362 and $212,377 as of December 31, 2019 and 2020, respectively) 2,150,165 1,097,868
Convertible notes (including convertible notes of the Consolidated VIEs without recourse to the primary beneficiaries of nil and nil as of December 31, 2019 and 2020, respectively) 0 29,481
Income tax payable (including income tax payable of the Consolidated VIEs without recourse to the primary beneficiaries of $5,850 and $566 as of December 31, 2019 and 2020, respectively) 52,306 27,212
Total current liabilities 4,636,067 2,362,366
Non-current liabilities    
Accrued expenses and other payables (including accrued expenses and other payables of the Consolidated VIEs without recourse to the primary beneficiaries of $1,357 and $1,907 as of December 31, 2019 and 2020, respectively) 36,159 25,802
Long-term borrowings (including long-term borrowings of the Consolidated VIEs without recourse to the primary beneficiaries of $358 and nil as of December 31, 2019 and 2020, respectively) 0 358
Operating lease liabilities (including operating lease liabilities of the Consolidated VIEs without recourse to the primary beneficiaries of $20,129 and $16,916 as of December 31, 2019 and 2020, respectively) 177,870 144,000
Deferred revenue (including deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries of $49,325 and $55,200 as of December 31, 2019 and 2020, respectively) 343,297 160,708
Convertible notes (including convertible notes of the Consolidated VIEs without recourse to the primary beneficiaries of nil and nil as of December 31, 2019 and 2020, respectively) 1,840,406 1,356,332
Deferred tax liabilities (including deferred tax liabilities of the Consolidated VIEs without recourse to the primary beneficiaries of nil and nil as of December 31, 2019 and 2020, respectively) 1,526 975
Unrecognized tax benefits (including unrecognized tax benefits of the Consolidated VIEs without recourse to the primary beneficiaries of $976 and $107 as of December 31, 2019 and 2020, respectively) 107 976
Total non-current liabilities 2,399,365 1,689,151
Total liabilities 7,035,432 4,051,517
Commitments and contingencies
Shareholders' equity    
Additional paid-in capital 8,526,571 4,687,284
Accumulated other comprehensive income 4,681 5,449
Statutory reserves 2,363 46
Accumulated deficit (5,150,958) (3,530,585)
Total Sea Limited shareholders' (deficit) equity 3,382,912 1,162,424
Non-controlling interests 37,327 10,228
Total shareholders' (deficit) equity 3,420,239 1,172,652
Total liabilities and shareholders' (deficit) equity 10,455,671 5,224,169
Class A Ordinary Shares [Member]    
Shareholders' equity    
Ordinary shares 179 154
Class B Ordinary Shares [Member]    
Shareholders' equity    
Ordinary shares $ 76 $ 76