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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 9,247,762 $ 6,166,880
Restricted cash 1,551,635 859,192
Accounts receivable, net of allowance for credit losses of $7,978 and $5,772, as of December 31, 2020 and December 31, 2021 respectively 388,308 362,999
Prepaid expenses and other assets 1,401,863 1,054,229
Loans receivable, net of allowance for credit losses of $20,872 and $91,504, as of December 31, 2020 and December 31, 2021 respectively 1,500,954 285,937
Inventories, net 117,499 64,219
Short-term investments 911,281 126,099
Amounts due from related parties 16,095 19,449
Total current assets 15,135,397 8,939,004
Non-current assets    
Property and equipment, net 1,029,963 386,401
Operating lease right-of-use assets, net 649,680 234,555
Intangible assets, net 52,517 39,773
Long-term investments 1,052,861 190,482
Prepaid expenses and other assets 124,521 204,804
Loans receivable, net of allowance for credit losses of $19,612 and $6,172, as of December 31, 2020 and December 31, 2021 respectively 28,964 117,149
Restricted cash 38,743 27,321
Deferred tax assets 103,755 99,904
Goodwill 539,624 216,278
Total non-current assets 3,620,628 1,516,667
Total assets 18,756,025 10,455,671
Current liabilities    
Accounts payable (including accounts payable of the Consolidated VIEs without recourse to the primary beneficiaries of $19,290 and $17,632 as of December 31, 2020 and 2021, respectively) 213,580 121,637
Accrued expenses and other payables (including accrued expenses and other payables of the Consolidated VIEs without recourse to the primary beneficiaries of $107,512 and $132,687 as of December 31, 2020 and 2021, respectively) 3,531,187 2,033,461
Advances from customers (including advances from customers of the Consolidated VIEs without recourse to the primary beneficiaries of $11,014 and $18,591 as of December 31, 2020 and 2021, respectively) 244,574 161,379
Amounts due to related parties (including amounts due to related parties of the Consolidated VIEs without recourse to the primary beneficiaries of $2,347 and $435 as of December 31, 2020 and 2021, respectively) 74,738 42,613
Bank borrowings (including bank borrowings of the Consolidated VIEs without recourse to the primary beneficiaries of nil and nil as of December 31, 2020 and 2021, respectively) 100,000 0
Operating lease liabilities (including operating lease liabilities of the Consolidated VIEs without recourse to the primary beneficiaries of $10,122 and $8,051 as of December 31, 2020 and 2021, respectively) 186,494 74,506
Deferred revenue (including deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries of $212,377 and $203,382 as of December 31, 2020 and 2021, respectively) 2,644,463 2,150,165
Income tax payable (including income tax payable of the Consolidated VIEs without recourse to the primary beneficiaries of $566 and $537 as of December 31, 2020 and 2021, respectively) 181,400 52,306
Total current liabilities 7,176,436 4,636,067
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 $1,907 and $4,038 as of December 31, 2020 and 2021, respectively) 76,234 36,159
Operating lease liabilities (including operating lease liabilities of the Consolidated VIEs without recourse to the primary beneficiaries of $16,916 and $12,527 as of December 31, 2020 and 2021, respectively) 491,313 177,870
Deferred revenue (including deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries of $55,200 and $36,189 as of December 31, 2020 and 2021, respectively) 104,826 343,297
Convertible notes (including convertible notes of the Consolidated VIEs without recourse to the primary beneficiaries of nil and nil as of December 31, 2020 and 2021, respectively) 3,475,708 1,840,406
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, 2020 and 2021, respectively) 6,992 1,526
Unrecognized tax benefits (including unrecognized tax benefits of the Consolidated VIEs without recourse to the primary beneficiaries of $107 and $107 as of December 31, 2020 and 2021, respectively) 107 107
Total non-current liabilities 4,155,180 2,399,365
Total liabilities 11,331,616 7,035,432
Commitments and contingencies
Shareholders' equity    
Additional paid-in capital 14,622,292 8,526,571
Accumulated other comprehensive income (loss) (28,519) 4,681
Statutory reserves 6,144 2,363
Accumulated deficit (7,201,498) (5,150,958)
Total Sea Limited shareholders' equity 7,398,697 3,382,912
Non-controlling interests 25,712 37,327
Total shareholders' equity 7,424,409 3,420,239
Total liabilities and shareholders' equity 18,756,025 10,455,671
Class A Ordinary Shares [Member]    
Shareholders' equity    
Ordinary shares 204 179
Class B Ordinary Shares [Member]    
Shareholders' equity    
Ordinary shares $ 74 $ 76