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UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 4,645,383 $ 6,166,880
Restricted cash 1,328,060 859,192
Accounts receivable, net of allowance for credit losses of $7,978 and $4,971, as of December 31, 2020 and June 30, 2021 respectively 382,662 362,999
Prepaid expenses and other assets 1,202,889 1,054,229
Loans receivable, net of allowance for credit losses of $20,872 and $58,832, as of December 31, 2020 and June 30, 2021 respectively 762,485 285,937
Inventories, net 99,477 64,219
Short-term investments 962,141 126,099
Amounts due from related parties 14,001 19,449
Total current assets 9,397,098 8,939,004
Non-current assets    
Property and equipment, net 442,122 386,401
Operating lease right-of-use assets, net 388,073 234,555
Intangible assets, net 42,137 39,773
Long-term investments 286,372 190,482
Prepaid expenses and other assets 301,104 204,804
Loans receivable, net of allowance for credit losses of $19,612 and $15,058, as of December 31, 2020 and June 30, 2021 respectively 45,488 117,149
Restricted cash 29,457 27,321
Deferred tax assets 114,862 99,904
Goodwill 476,334 216,278
Total non-current assets 2,125,949 1,516,667
Total assets 11,523,047 10,455,671
Current liabilities    
Accounts payable (including accounts payable of the Consolidated VIEs without recourse to the primary beneficiaries of $19,290 and $12,821 as of December 31, 2020 and June 30, 2021, respectively) 179,551 121,637
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 $127,510 as of December 31, 2020 and June 30, 2021, respectively) 2,670,816 2,033,461
Advances from customers (including advances from customers of the Consolidated VIEs without recourse to the primary beneficiaries of $11,014 and $16,652 as of December 31, 2020 and June 30, 2021, respectively) 206,383 161,379
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 $3,805 as of December 31, 2020 and June 30, 2021, respectively) 60,017 42,613
Operating lease liabilities (including operating lease liabilities of the Consolidated VIEs without recourse to the primary beneficiaries of $10,122 and $6,543 as of December 31, 2020 and June 30, 2021, respectively) 113,544 74,506
Deferred revenue (including deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries of $212,377 and $204,926 as of December 31, 2020 and June 30, 2021, respectively) 2,538,838 2,150,165
Income tax payable (including income tax payable of the Consolidated VIEs without recourse to the primary beneficiaries of $566 and $1,790 as of December 31, 2020 and June 30, 2021, respectively) 114,448 52,306
Total current liabilities 5,883,597 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 $1,738 as of December 31, 2020 and June 30, 2021, respectively) 61,036 36,159
Operating lease liabilities (including operating lease liabilities of the Consolidated VIEs without recourse to the primary beneficiaries of $16,916 and $6,642 as of December 31, 2020 and June 30, 2021, respectively) 299,476 177,870
Deferred revenue (including deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries of $55,200 and $70,953 as of December 31, 2020 and June 30, 2021, respectively) 396,138 343,297
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 June 30, 2021, respectively) 1,282,496 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 June 30, 2021, respectively) 1,272 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 June 30, 2021, respectively) 107 107
Total non-current liabilities 2,040,525 2,399,365
Total liabilities 7,924,122 7,035,432
Commitments and contingencies
Shareholders' equity    
Additional paid-in capital 9,587,617 8,526,571
Accumulated other comprehensive income (loss) (22,989) 4,681
Statutory reserves 1,766 2,363
Accumulated deficit (6,006,493) (5,150,958)
Total Sea Limited shareholders' equity 3,560,167 3,382,912
Non-controlling interests 38,758 37,327
Total shareholders' equity 3,598,925 3,420,239
Total liabilities and shareholders' equity 11,523,047 10,455,671
Class A Ordinary Shares [Member]    
Shareholders' equity    
Ordinary shares 190 179
Class B Ordinary Shares [Member]    
Shareholders' equity    
Ordinary shares $ 76 $ 76