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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 2,811,056 $ 6,029,859
Restricted cash (including restricted cash of the Consolidated VIEs that can only be used to settle the obligations of those Consolidated VIEs of nil and $14,773 as of December 31, 2022 and 2023, respectively) 1,410,365 1,549,574
Accounts receivable, net of allowance for credit losses of $12,818 and $9,351, as of December 31, 2022 and 2023, respectively 262,716 268,814
Prepaid expenses and other assets (including prepaid expenses and other assets of the Consolidated VIEs that can only be used to settle the obligations of those Consolidated VIEs of nil and $7 as of December 31, 2022 and 2023, respectively) 1,861,842 1,798,651
Loans receivable, net of allowance for credit losses of $236,797 and $319,463, as of December 31, 2022 and 2023, respectively (including loans receivable, net of allowance for credit losses of the Consolidated VIEs that can only be used to settle the obligations of those Consolidated VIEs of nil and $153,820 as of December 31, 2022 and 2023, respectively) 2,464,662 2,053,767
Inventories, net 125,395 109,668
Short-term investments 2,547,644 864,258
Total current assets 11,773,934 12,688,012
Non-current assets    
Property and equipment, net 1,207,698 1,387,895
Operating lease right-of-use assets, net 1,015,982 957,840
Intangible assets, net 50,821 65,019
Long-term investments 4,262,562 1,253,593
Prepaid expenses and other assets 87,705 135,616
Loans receivable, net of allowance for credit losses of $2,022 and $2,105, as of December 31, 2022 and 2023, respectively 20,551 21,663
Restricted cash 22,236 17,724
Deferred tax assets 328,961 245,226
Goodwill 112,782 230,208
Total non-current assets 7,109,298 4,314,784
Total assets 18,883,232 17,002,796
Current liabilities    
Accounts payable (including accounts payable of the Consolidated VIEs without recourse to the primary beneficiaries of $18,699 and $7,612 as of December 31, 2022 and 2023, respectively) 342,547 258,648
Accrued expenses and other payables (including accrued expenses and other payables of the Consolidated VIEs without recourse to the primary beneficiaries of $148,631 and $131,409 as of December 31, 2022 and 2023, respectively) 1,834,807 1,396,613
Deposits payable 1,706,299 1,316,395
Escrow payables and advances from customers (including escrow payables and advances from customers of the Consolidated VIEs without recourse to the primary beneficiaries of $19,143 and $17,747 as of December 31, 2022 and 2023, respectively) 2,199,464 1,862,325
Borrowings 146,661 88,410
Operating lease liabilities (including operating lease liabilities of the Consolidated VIEs without recourse to the primary beneficiaries of $5,250 and $6,416 as of December 31, 2022 and 2023, respectively) 290,788 269,968
Convertible notes 151,764 31,237
Deferred revenue (including deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries of $192,243 and $169,059 as of December 31, 2022 and 2023, respectively) 1,208,892 1,535,083
Income tax payable (including income tax payable of the Consolidated VIEs without recourse to the primary beneficiaries of $664 and $1,748 as of December 31, 2022 and 2023, respectively) 223,638 176,598
Total current liabilities 8,168,941 6,935,692
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 $4,338 and $3,141 as of December 31, 2022 and 2023, respectively) 79,257 87,072
Borrowings (including borrowings of the Consolidated VIEs without recourse to the primary beneficiaries of nil and $119,323 as of December 31, 2022 and 2023, respectively) 119,323 0
Operating lease liabilities (including operating lease liabilities of the Consolidated VIEs without recourse to the primary beneficiaries of $7,666 and $18,344 as of December 31, 2022 and 2023, respectively) 789,514 756,818
Deferred revenue (including deferred revenue of the Consolidated VIEs without recourse to the primary beneficiaries of $23,886 and $16,658 as of December 31, 2022 and 2023, respectively) 72,587 63,566
Convertible notes 2,949,785 3,338,750
Deferred tax liabilities 133 9,967
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, 2022 and 2023, respectively) 6,107 107
Total non-current liabilities 4,016,706 4,256,280
Total liabilities 12,185,647 11,191,972
Commitments and contingencies
Shareholders' equity    
Additional paid-in capital 15,283,870 14,559,690
Accumulated other comprehensive loss (108,000) (111,215)
Statutory reserves 16,981 12,490
Accumulated deficit (8,599,306) (8,745,541)
Total Sea Limited shareholders' equity 6,593,830 5,715,705
Non-controlling interests 103,755 95,119
Total shareholders' equity 6,697,585 5,810,824
Total liabilities and shareholders' equity 18,883,232 17,002,796
Related Party [Member]    
Current assets    
Amounts due from related parties 290,254 13,421
Current liabilities    
Amounts due to related parties 64,081 415
Class A Ordinary Shares [Member]    
Shareholders' equity    
Ordinary shares 262 258
Class B Ordinary Shares [Member]    
Shareholders' equity    
Ordinary shares $ 23 $ 23