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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 6,029,859 $ 9,247,762
Restricted cash 1,549,574 1,551,635
Accounts receivable, net of allowance for credit losses of $5,772 and $12,818, as of December 31, 2021 and 2022, respectively 268,814 388,308
Prepaid expenses and other assets 1,798,651 1,401,863
Loans receivable, net of allowance for credit losses of $91,504 and $236,797, as of December 31, 2021 and 2022, respectively 2,053,767 1,500,954
Inventories, net 109,668 117,499
Short-term investments 864,258 911,281
Amounts due from related parties 13,421 16,095
Total current assets 12,688,012 15,135,397
Non-current assets    
Property and equipment, net 1,387,895 1,029,963
Operating lease right-of-use assets, net 957,840 649,680
Intangible assets, net 65,019 52,517
Long-term investments 1,253,593 1,052,861
Prepaid expenses and other assets 135,616 124,521
Loans receivable, net of allowance for credit losses of $6,172 and $2,022, as of December 31, 2021 and 2022, respectively 21,663 28,964
Restricted cash 17,724 38,743
Deferred tax assets 245,226 103,755
Goodwill 230,208 539,624
Total non-current assets 4,314,784 3,620,628
Total assets 17,002,796 18,756,025
Current liabilities    
Accounts payable (including accounts payable of the Consolidated VIEs without recourse to the primary beneficiaries of $17,632 and $18,699 as of December 31, 2021 and 2022, respectively) 258,648 213,580
Accrued expenses and other payables (including accrued expenses and other payables of the Consolidated VIEs without recourse to the primary beneficiaries of $130,757 and $148,631 as of December 31, 2021 and 2022, respectively) 1,396,613 1,519,938
Deposits payable (including deposits payable of the Consolidated VIEs without recourse to the primary beneficiaries of nil and nil as of December 31, 2021 and 2022, respectively) 1,316,395 465,850
Escrow payables and advances from customers (including escrow payables and advances from customers of the Consolidated VIEs without recourse to the primary beneficiaries of $20,521 and $19,143 as of December 31, 2021 and 2022, respectively) 1,862,325 1,789,973
Amounts due to related parties (including amounts due to related parties of the Consolidated VIEs without recourse to the primary beneficiaries of $435 and $9 as of December 31, 2021 and 2022, respectively) 415 74,738
Borrowings (including borrowings of the Consolidated VIEs without recourse to the primary beneficiaries of nil and nil as of December 31, 2021 and 2022, respectively) 88,410 100,000
Operating lease liabilities (including operating lease liabilities of the Consolidated VIEs without recourse to the primary beneficiaries of $8,051 and $5,250 as of December 31, 2021 and 2022, respectively) 269,968 186,494
Convertible notes (including convertible notes of the Consolidated VIEs without recourse to the primary beneficiaries of nil and nil as of December 31, 2021 and 2022, respectively) 31,237 0
Deferred revenue (including deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries of $203,382 and $192,243 as of December 31, 2021 and 2022, respectively) 1,535,083 2,644,463
Income tax payable (including income tax payable of the Consolidated VIEs without recourse to the primary beneficiaries of $537 and $664 as of December 31, 2021 and 2022, respectively) 176,598 181,400
Total current liabilities 6,935,692 7,176,436
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 $4,038 and $4,338 as of December 31, 2021 and 2022, respectively) 87,072 76,234
Operating lease liabilities (including operating lease liabilities of the Consolidated VIEs without recourse to the primary beneficiaries of $12,527 and $7,666 as of December 31, 2021 and 2022, respectively) 756,818 491,313
Deferred revenue (including deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries of $36,189 and $23,886 as of December 31, 2021 and 2022, respectively) 63,566 104,826
Convertible notes (including convertible notes of the Consolidated VIEs without recourse to the primary beneficiaries of nil and nil as of December 31, 2021 and 2022, respectively) 3,338,750 3,475,708
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, 2021 and 2022, respectively) 9,967 6,992
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, 2021 and 2022, respectively) 107 107
Total non-current liabilities 4,256,280 4,155,180
Total liabilities 11,191,972 11,331,616
Commitments and contingencies
Shareholders' equity    
Additional paid-in capital 14,559,690 14,622,292
Accumulated other comprehensive loss (111,215) (28,519)
Statutory reserves 12,490 6,144
Accumulated deficit (8,745,541) (7,201,498)
Total Sea Limited shareholders' equity 5,715,705 7,398,697
Non-controlling interests 95,119 25,712
Total shareholders' equity 5,810,824 7,424,409
Total liabilities and shareholders' equity 17,002,796 18,756,025
Class A Ordinary Shares [Member]    
Shareholders' equity    
Ordinary shares 258 204
Class B Ordinary Shares [Member]    
Shareholders' equity    
Ordinary shares $ 23 $ 74