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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]      
Sales (note 22) $ 510,624 $ 246,053 $ 229,650
Cost of sales 67,180 32,469 24,723
Gross profit 443,444 213,584 204,927
Selling, general and administrative expenses (including rent expenses incurred to a related party of 2020 - $798, 2019 - $811, 2018 - $810) (note 12(b)) 176,534 121,468 137,003
Provision (recovery) for doubtful accounts 2,640 (306) 820
Research and development expenses 48,760 24,254 21,910
Loss on disposal of property, plant and equipment (note 7) 163 294 75
Government grants recognized in income (297) (688) (197)
Total operating expenses 227,800 145,022 159,611
Operating income 215,644 68,562 45,316
Interest and financing expenses – (including interest expenses incurred to a related party, 2020 - $663, 2019 - $455, 2018 - $453) (note 12(a)) (1,453) (650) (1,070)
Interest income 1,930 1,996 2,016
Other income, net 496 912 321
Income before income taxes 216,617 70,820 46,583
Income tax expense (note 14) (31,438) (5,605) (10,472)
Net income 185,179 65,215 36,111
Less: Income attributable to non-controlling interests (74,810) (20,286) (14,329)
Net income attributable to shareholders of Sinovac 110,369 44,929 21,782
Preferred stock dividends (6,015) (5,128) 0
Net income attributable to common shareholders of Sinovac 104,354 39,801 21,782
Other comprehensive income, net of tax of nil      
Foreign currency translation adjustments 32,328 (2,827) (10,996)
Comprehensive income 217,507 62,388 25,115
Less: comprehensive income attributable to non-controlling interests (82,892) (19,681) (12,507)
Comprehensive income attributable to shareholders of Sinovac $ 134,615 $ 42,707 $ 12,608
Earnings per share (note 21)      
Basic net income per share $ 1.06 $ 0.42 $ 0.34
Diluted net income per share $ 0.97 $ 0.41 $ 0.34
Weighted average number of shares of common stock outstanding      
– Basic 98,897,345 94,876,946 64,727,146
– Diluted 113,662,362 109,691,959 64,977,554