← Sea Ltd
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | ($1.7b) | $162.7m | $447.8m | $1.6b | |
| Net Income (Loss) Attributable to Parent | ($222.9m) | ($560.5m) | ($961.2m) | ($1.5b) | ($1.6b) | ($2.0b) | ($1.7b) | $150.7m | $444.3m | $1.6b | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | — | ($1.7b) | $150.7m | $446.0m | $1.6b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($225.0m) | ($561.2m) | ($961.0m) | ($1.5b) | ($1.6b) | ($2.0b) | ($1.7b) | $162.7m | $447.8m | $1.6b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($2.1m) | ($681k) | $207k | $5.1m | ($6.1m) | $3.7m | ($6.4m) | $12.0m | $3.5m | $32.7m | |
| Depreciation, Depletion and Amortization | — | — | — | — | — | — | $428.3m | $440.8m | $389.7m | $372.2m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | $14.2m | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $21.6m | $17.6m | $23.8m | $4.8m | $11.7m | $18.4m | $23.4m | $28.6m | $35.2m | $20.3m | |
| Depreciation | $18.0m | $23.4m | $54.9m | $116.8m | $169.1m | $260.7m | $404.9m | $412.2m | $354.5m | $351.8m | |
| Amortization Cash Flow | — | — | — | — | — | — | $23.4m | $28.6m | $35.2m | $20.3m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $23.4m | $28.6m | $35.2m | $20.3m | |
| Amortization Of Securities | — | — | — | — | — | — | ($8.3m) | ($50.4m) | ($109.0m) | ($109.9m) | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $428.3m | $440.8m | $389.7m | $372.2m | |
| Deferred Income Tax Expense (Benefit) | ($2.3m) | ($8.8m) | ($19.8m) | ($4.3m) | ($27.5m) | ($975k) | ($140.6m) | ($94.6m) | ($193.4m) | ($14.5m) | |
| Deferred Income Tax | — | — | — | — | — | — | ($140.6m) | ($88.6m) | ($61.5m) | ($16.8m) | |
| Deferred Tax | — | — | — | — | — | — | ($140.6m) | ($88.6m) | ($61.5m) | ($16.8m) | |
| Share-based Payment Arrangement, Noncash Expense | $28.8m | $28.6m | $58.1m | $117.1m | $290.2m | $470.3m | $705.9m | $685.0m | $715.8m | $625.0m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | $2.6m | $68k | $3.4m | — | — | $10.6m | $23.1m | $22.0m | |
| Goodwill, Impairment Loss | — | $0 | — | $0 | $0 | $0 | $354.9m | $117.9m | $0 | $0 | |
| Impairment of Intangible Assets, Finite-lived | $5.6m | $922k | $5.2m | $0 | $5.7m | $0 | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $387.8m | $117.9m | $0 | $0 | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | ($24.4m) | ($2.1m) | $199.7m | $38.5m | $42.6m | $21.0m | |
| Income (Loss) from Equity Method Investments | ($19.5m) | ($1.9m) | ($3.1m) | ($3.2m) | $721k | $5.0m | $11.2m | ($7.0m) | ($9.8m) | ($18.9m) | |
| Income Tax Expense (Benefit) | $8.5m | $10.7m | $4.1m | $85.9m | $141.6m | $332.9m | $168.4m | $262.7m | $321.2m | $651.1m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($11.2m) | $7.0m | $9.8m | $18.9m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($4.7m) | $24.5m | $38.5m | $86.5m | $174.8m | $37.1m | ($99.0m) | ($7.5m) | $49.0m | $70.7m | |
| Increase (Decrease) in Inventories | ($93k) | $6.0m | $28.5m | ($11.8m) | $38.5m | $62.7m | ($1.4m) | $14.8m | $26.3m | $68.6m | |
| Increase (Decrease) in Accounts Payable | ($3.1m) | $1.8m | $29.7m | $31.4m | $50.9m | $99.6m | $43.3m | $81.4m | $28.2m | $106.0m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | ($30.4m) | — | — | — | — | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | ($52.0m) | $41.3m | ($472.9m) | ($87k) | $0 | $0 | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($507k) | ($5.2m) | $10.2m | $292k | ($11.3m) | $45.2m | ($41.7m) | ($3.8m) | $30.8m | ($4.2m) | |
| Foreign Currency Transaction Gain (Loss), Realized | ($1.6m) | ($4.2m) | $4.8m | ($2.0m) | ($38.6m) | $14.2m | ($75.5m) | $4.5m | ($3.2m) | $20.5m | |
| Gain (Loss) on Investments | $9.4m | $33.6m | $8.6m | $11.8m | ($17.8m) | ($43.5m) | ($207.3m) | ($125.7m) | ($250.2m) | ($43.4m) | |
| General and Administrative Expense | $112.4m | $137.9m | $240.8m | $385.9m | $657.2m | $1.1b | $1.4b | $1.1b | $1.3b | $1.4b | |
| Goodwill | — | $31.0m | $31.0m | $31.0m | $216.3m | $539.6m | $230.2m | $112.8m | $107.6m | $104.5m | |
| Investment Income, Interest | $741k | $2.9m | $11.5m | $33.9m | $24.8m | $36.1m | $115.5m | $331.3m | $365.8m | $331.1m | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | — | ($24.1m) | $63.4m | — | — | — | — | |
| Nonoperating Income (Expense) | $8.5m | ($46.2m) | $34.9m | ($477.4m) | ($179.9m) | ($132.1m) | ($13.0m) | $207.6m | $116.6m | $295.6m | |
| Operating Expenses | $318.5m | $589.7m | $1.0b | $1.5b | $2.7b | $5.5b | $6.7b | $5.6b | $6.5b | $8.3b | |
| Proceeds from Stock Options Exercised | $3.2m | $18.7m | — | — | — | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $51.1m | $115.1m | $493.6m | $627.9m | $764.8m | $1.4b | |
| Beginning Cash Position | — | — | — | — | — | — | $10.8b | $7.6b | $4.2b | $4.1b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $400.3m | $366.0m | $1.7b | $1.6b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($2.4b) | ($5.8b) | ($5.0b) | ($4.4b) | |
| Change In Account Payable | — | — | — | — | — | — | $43.3m | $81.4m | $28.2m | $106.0m | |
| Change In Accrued Expense | — | — | — | — | — | — | ($39.1m) | $455.1m | $522.8m | $650.1m | |
| Change In Income Tax Payable | — | — | — | — | — | — | ($4.6m) | $43.6m | ($100.9m) | $94.8m | |
| Change In Inventory | — | — | — | — | — | — | $1.4m | ($14.8m) | ($26.3m) | ($68.6m) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($360.5m) | ($47.5m) | ($87.4m) | ($333.7m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $385.9m | $42.5m | $74.6m | $333.1m | |
| Change In Other Working Capital | — | — | — | — | — | — | ($926.2m) | $71.6m | $749.3m | $1.1b | |
| Change In Payable | — | — | — | — | — | — | ($33.7m) | $160.1m | ($86.0m) | $206.7m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($72.7m) | $615.2m | $436.8m | $856.9m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($497.9m) | ($344.8m) | ($39.4m) | ($603.6m) | |
| Change In Receivables | — | — | — | — | — | — | $100.3m | ($267.0m) | ($199.4m) | ($129.8m) | |
| Change In Tax Payable | — | — | — | — | — | — | ($4.6m) | $43.6m | ($100.9m) | $94.8m | |
| Change In Working Capital | — | — | — | — | — | — | ($1.4b) | $55.1m | $908.2m | $1.1b | |
| Changes In Account Receivables | — | — | — | — | — | — | $99.0m | $7.5m | ($49.0m) | ($70.7m) | |
| Changes In Cash | — | — | — | — | — | — | ($3.1b) | ($3.4b) | ($78.9m) | $2.2b | |
| End Cash Position | — | — | — | — | — | — | $7.6b | $4.2b | $4.1b | $6.4b | |
| Financing Cash Flow | — | — | — | — | — | — | $400.3m | $366.0m | $1.7b | $1.6b | |
| Free Cash Flow | — | — | — | — | — | — | ($2.0b) | $1.8b | $3.0b | $4.5b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $216.0m | $135.9m | $262.5m | $68.0m | |
| Investing Cash Flow | — | — | — | — | — | — | ($2.4b) | ($5.8b) | ($5.0b) | ($4.4b) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $50.2m | $10.6m | $146.1m | $56.8m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($60.9m) | ($43.8m) | ($229k) | ($8k) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $41.7m | $3.8m | ($30.8m) | $4.2m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($52.1m) | ($16.7m) | ($3.4m) | ($10.7m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($804.2m) | ($179.7m) | ($311.9m) | ($511.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | $46.9m | $108.2m | $198.9m | $70.0m | |
| Other Non Cash Items | — | — | — | — | — | — | $38.0m | $14.9m | $10.4m | ($4.1m) | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $513.7m | $633.9m | $776.9m | $1.4b | |
| Purchase Of Business | — | — | — | — | — | — | ($60.9m) | ($43.8m) | ($229k) | ($8k) | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($52.1m) | ($16.7m) | ($3.4m) | ($10.7m) | |
| Purchase Of PPE | — | $67.4m | $177.3m | $239.8m | $336.3m | $772.2m | ($924.2m) | ($241.6m) | ($318.2m) | ($513.8m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | — | $0 | $0 | ($14.0m) | |
| Sale Of PPE | — | — | — | — | — | — | $120.0m | $61.9m | $6.2m | $2.8m | |
| Stock Based Compensation | — | — | — | — | — | — | $705.9m | $685.0m | $715.8m | $625.0m | |
| Net Cash Provided by (Used in) Operating Activities | — | ($334.2m) | ($495.2m) | $69.9m | $555.9m | $208.6m | ($1.1b) | $2.1b | $3.3b | $5.0b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $17.0m | $67.4m | $177.3m | $239.8m | $336.3m | $772.2m | $924.2m | $241.6m | $318.2m | $513.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $18.1m | — | $0 | $92.2m | $22.8m | $60.7m | $0 | $0 | — | |
| Payments to Acquire Investments | — | — | — | $118.5m | $219.5m | $2.5b | $2.6b | $8.3b | $9.7b | $12.6b | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($349.8m) | ($4.6b) | ($2.2b) | $817.0m | |
| Purchase Of Investment | — | — | — | — | — | — | ($2.6b) | ($8.3b) | ($9.7b) | ($12.6b) | |
| Gain (Loss) on Sale of Investments | $14.7m | $23.9m | $7.7m | $129k | $0 | ($12.2m) | — | — | — | — | |
| Sale Of Investment | — | — | — | — | — | — | $2.3b | $3.8b | $7.5b | $13.4b | |
| Net Other Investing Changes | — | — | — | — | — | — | ($1.2b) | ($999.9m) | ($2.5b) | ($4.7b) | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($224.5m) | ($363.2m) | ($886.9m) | ($3.8b) | ($2.4b) | ($5.8b) | ($5.0b) | ($4.4b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $88.0m | $223.8m | $185.2m | $509.3m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $88.0m | $223.8m | $185.2m | $509.3m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($640.6m) | ($35.2m) | ($172.8m) | ($35.6m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($640.6m) | ($35.2m) | ($172.8m) | ($35.6m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $119.7m | — | — | |
| Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $119.7m | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($728.6m) | ($259.0m) | ($358.0m) | ($544.9m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($728.6m) | ($259.0m) | ($358.0m) | ($544.9m) | |
| Proceeds from Issuance of Common Stock | $3.2m | $960.9m | $4.6m | $1.5b | $3.0b | $4.1b | $50.2m | $10.6m | $146.1m | $56.8m | |
| Common Stock Issuance | — | — | — | — | — | — | $50.2m | $10.6m | $146.1m | $56.8m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $50.2m | $10.6m | $146.1m | $42.8m | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | — | $14.0m | |
| Common Stock Payments | — | — | — | — | — | — | — | $0 | $0 | ($14.0m) | |
| Proceeds from Noncontrolling Interests | — | — | — | $1.4m | $4.6m | $339k | $70.9m | $1.3m | $0 | $0 | |
| Dividends Received CFI | — | — | — | — | — | — | $4.7m | $912k | $964k | $3.3m | |
| Net Other Financing Charges | — | — | — | — | — | — | $990.6m | $390.6m | $1.7b | $1.6b | |
| Net Cash Provided by (Used in) Financing Activities | — | — | $546.6m | $2.6b | $3.7b | $7.4b | $400.3m | $366.0m | $1.7b | $1.6b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | ($143.5m) | ($8.0m) | ($83.1m) | $98.8m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($143.5m) | ($8.0m) | ($83.1m) | $98.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($185.7m) | $2.3b | $3.5b | $3.8b | ($3.2b) | ($3.4b) | ($162.1m) | $2.3b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $1.3b | $3.6b | $7.1b | $10.8b | $7.6b | $4.2b | $4.1b | $6.4b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($3.2b) | ($3.4b) | ($162.1m) | $2.3b | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $42.9m | $13.5m | $42.0m | $45.0m | $104.6m | $119.5m | $144.7m | $170.2m | |
| Income Taxes Paid, Net | — | — | — | $74.3m | $144.9m | $207.4m | $313.8m | $318.9m | $515.3m | $591.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.