SINGAPORE (Feb 27): Net-off revenues, employee share compensation, fair value of convertible notes, deferred revenues.

Sea offers many reasons why you should maybe ignore the standard way businesses report their financial results and focus instead on the Southeast Asian internet company’s preferred method.

To be fair, the Singapore-based and US-listed company isn’t hiding its numbers based on generally accepted accounting principles, or GAAP. But Sea’s fourth-quarter report makes clear which lens it hopes investors will use to view the company's performance.

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