Sea Limited (SE) quarterly cash flow statement — complete operating, investing & financing history
Sea Limited (SE) cash flow statement — 12-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 1.51B | 1.06B | 1.48B | 1.18B | 1.62B | 756.93M | 1.02B | 1.17B | 617.87M | 467.47M | 281.11M | 599.84M | 595.48M | 605.54M | 319.69M | -166.26M | -485.47M | -723.65M | -304.82M | 62.75M |
| Operating CF Margin % | 19.34% | 14.91% | 21.55% | 19.64% | 30.72% | 15.64% | 20.62% | 27.03% | 16.23% | 12.52% | 7.77% | 18.12% | 19.24% | 19.91% | 9.26% | -5.27% | -16.5% | -24.96% | -9.46% | 2.33% |
| Operating CF Growth % | -6.79% | 39.76% | 44.61% | 0.46% | 161.5% | 61.92% | 263.19% | 95.06% | 3.76% | -22.8% | -12.07% | 460.78% | 222.66% | 183.68% | 204.88% | -364.97% | -466.54% | -327.36% | -264.38% | -78.8% |
| Net Income | 458.12M | 427.94M | 397.1M | 374.99M | 414.2M | 403.05M | 237.31M | 148.81M | 81.86M | -23.61M | -110.51M | -149.43M | 319.82M | 88.08M | -1.08B | -570.1M | -934.23M | -579.81M | -617.61M | -573.02M |
| Depreciation & Amortization | -102M | 102M | 376.21M | -91.29M | 2.41M | 88.88M | 394.75M | 93.01M | 98.22M | 102.05M | 102.19M | 107.33M | 111.37M | 120.46M | 7.54M | 119.58M | 102.93M | 89.52M | 83.62M | -119.07M |
| Stock-Based Compensation | 131.92M | 133.32M | 625M | 179.2M | 161.89M | 167.79M | 715.84M | 0 | 0 | 181.08M | 685.03M | 174.9M | 179.58M | 198.88M | 705.9M | 195.75M | 184.11M | 135.01M | 470.32M | 122.97M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -94.67M | 0 | 0 | 0 | -140.55M | 0 | 0 | 0 | -975.45K | 0 |
| Other Non-Cash Items | 1.02B | 394.64M | -249.51M | 712.55M | 1.04B | 97.21M | -1.03B | 928.25M | 437.78M | 207.95M | -556.21M | 467.03M | -15.28M | 198.12M | 1.14B | 88.5M | 161.73M | -368.37M | -996.79M | 904.33M |
| Working Capital Changes | 0 | 0 | 327.62M | 0 | 0 | 0 | 699.05M | 0 | 0 | 0 | 255.29M | 0 | 0 | 0 | -315.08M | 0 | 0 | 0 | 756.61M | -272.46M |
| Change in Receivables | 0 | 0 | -70.75M | 0 | 0 | 0 | -48.97M | 0 | 0 | 0 | 7.52M | 0 | 0 | 0 | 98.98M | 0 | 0 | 0 | -37.07M | 21.02M |
| Change in Inventory | 0 | 0 | -68.63M | 0 | 0 | 0 | -26.29M | 0 | 0 | 0 | -14.84M | 0 | 0 | 0 | 1.44M | 0 | 0 | 0 | -62.73M | 40.04M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -1.92B | -1.6B | -1.15B | -622.86M | -1.52B | -1.11B | -1.76B | -1.72B | -709.92M | -851.92M | -1.05B | -888.27M | -3.19B | -673.77M | 51.52M | -402.13M | -947.52M | -1.13B | -1.78B | -341.94M |
| Capital Expenditures | -356M | -139M | -10.69M | -135M | -216M | 0 | -89.15M | -138M | -64M | -27M | -64.61M | -44M | -32M | -101M | -924.18M | 0 | 0 | 0 | -772.18M | 242.87M |
| CapEx % of Revenue | 4.57% | 1.96% | 0.16% | 2.26% | 4.11% | - | 1.8% | 3.19% | 1.68% | 0.72% | 1.79% | 1.33% | 1.03% | 3.32% | 26.78% | - | - | - | 23.96% | 9.03% |
| Acquisitions | 0 | 0 | 2.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -60.71M | 0 | 0 | 0 | -22.76M | -17.89M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1.57B | -1.46B | -1.15B | -487.86M | -1.3B | -1.11B | -1.67B | -1.58B | -645.92M | -824.92M | -990.38M | -844.27M | -3.16B | -572.77M | 1.04B | -402.13M | -947.52M | -1.13B | 726.61M | -566.91M |
| Cash from Financing | 152.11M | 479.94M | 1.01B | 288.94M | 54.23M | 274.39M | 700.21M | 557.85M | 242.61M | 183.43M | 183.82M | 124.48M | -1.07M | 59.21M | -513.71M | 474.03M | 297.56M | 142.38M | 385.99M | 6.84B |
| Debt Issued (Net) | 260M | 126M | 0 | -165M | -94M | -139M | -172.61M | 245.8M | -102M | -144M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -414M | -164M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18.95M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -414M | -164M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18.95M |
| Other Financing | 306.11M | 517.95M | 1.01B | 453.94M | 148.23M | 413.39M | 872.82M | 312.04M | 344.61M | 327.43M | 183.82M | 124.48M | -1.07M | 59.21M | -513.71M | 474.03M | 297.56M | 142.38M | 385.99M | 6.84B |
| Net Change in Cash | -308.26M | -120.38M | 1.34B | 792.32M | 258.51M | -65.59M | -184.67M | 191.14M | 105.74M | -274.28M | -514.03M | -218.11M | -2.67B | 40.49M | -33.39M | -219.25M | -1.26B | -1.72B | -1.69B | 6.52B |
| Free Cash Flow | 1.15B | 918.9M | 0 | 1.04B | 1.4B | 756.93M | 931.83M | 1.03B | 552.43M | 440.47M | 264.44M | 555.84M | 563.48M | 504.54M | -604.49M | -166.26M | -485.47M | -723.65M | -1.08B | 305.61M |
| FCF Margin % | 14.77% | 12.95% | - | 17.38% | 26.61% | 15.64% | 18.82% | 23.85% | 14.51% | 11.8% | 7.31% | 16.79% | 18.2% | 16.59% | -17.51% | -5.27% | -16.5% | -24.96% | -33.43% | 11.37% |
| FCF Growth % | -17.84% | 21.4% | -100% | 0.81% | 153.38% | 71.85% | 252.38% | 85.68% | -1.96% | -12.7% | 143.75% | 434.32% | 216.07% | 169.72% | 43.87% | -154.4% | -339.66% | -327.36% | -1933.41% | 297.9% |
| FCF per Share | 1.76 | 1.44 | - | 1.64 | 2.36 | 1.19 | 1.53 | 1.80 | 0.96 | 0.77 | 0.46 | 0.98 | 0.94 | 0.84 | -0.99 | -0.30 | -0.87 | -1.30 | -1.95 | 0.57 |
| FCF Conversion (FCF/Net Income) | 3.42x | 2.47x | 3.72x | 3.16x | 3.90x | 1.88x | 4.30x | 7.63x | 7.73x | -19.76x | -2.56x | -4.17x | 1.80x | 6.88x | 0.75x | 0.29x | 0.52x | 1.25x | 0.49x | -0.11x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |