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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Comprehensive Income [Abstract]      
Sales (note 23) $ 1,492,761 $ 19,374,904 $ 510,624
Cost of sales 684,456 1,072,221 67,180
Gross profit 808,305 18,302,683 443,444
Selling, general and administrative expenses (including rent expenses incurred to a related party of 2022 - $819, 2021 - $851, 2020 - $798) (note 13(b)) 823,543 591,167 176,534
Provision for doubtful accounts 4,268 2,967 2,640
Research and development expenses 442,108 155,040 48,760
- Loss on disposal of property, plant and equipment (note 8) 5,213 977 163
Government grants recognized in income (760) (725) (297)
Total operating expenses 1,274,372 749,426 227,800
Operating (loss) income (466,067) 17,553,257 215,644
Interest and financing expenses - (including interest expenses incurred to a related party, 2022 - $354, 2021 - $916, 2020 - $663) (note 13(a)) (1,264) (2,836) (1,453)
Interest income 190,818 102,568 1,930
Other income (expense), net 301,751 (89,948) 496
Income before income taxes 25,238 17,563,041 216,617
Income tax recovery (expense) (note 15) 62,893 (3,104,130) (31,438)
Net income 88,131 14,458,911 185,179
Less: (Income) loss attributable to non-controlling interests 25,735 (5,991,431) (74,810)
Net income attributable to shareholders of Sinovac 113,866 8,467,480 110,369
Preferred stock dividends (5,982) (5,982) (6,015)
Net income attributable to common shareholders of Sinovac 107,884 8,461,498 104,354
Other comprehensive income, net of tax of nil      
Foreign currency translation adjustments (859,045) 193,098 32,328
Comprehensive (loss) / income (770,914) 14,652,009 217,507
Less: comprehensive (income) loss attributable to non-controlling interests 370,882 (6,073,832) (82,892)
Comprehensive income (loss) attributable to shareholders of Sinovac $ (400,032) $ 8,578,177 $ 134,615
Earnings per share (note 22)      
Basic net income per share $ 1.08 $ 85.20 $ 1.06
Diluted net income per share $ 1.00 $ 74.27 $ 0.97
Weighted average number of shares of common stock outstanding      
– Basic 99,502,243 99,311,551 98,897,345
– Diluted 114,172,782 114,005,983 113,662,362