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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 260,387 $ 247,951
Restricted cash 460 500
Short-term time deposits (note 2) 2,999 70,492
Trading securities (note 15) 12,733 20,209
Accounts receivable (note 4) 186,130 182,936
Other receivables 36,178 29,617
Inventories (note 5) 473,299 393,172
Advances to related party (note 16) 2,306 3,322
Prepaid expenses 19,319 15,607
Total current assets 993,811 963,806
Property, plant and equipment, net (note 6) 149,904 82,875
Land use right, net (note 7) 8,761 8,692
Operating lease right-of-use assets, net (note 11) 7,408 2,489
Intangible assets, net 1,233 1,255
Long-term time deposits (note 2) 117,855 101,956
Deferred tax assets (note 19) 13,035 6,703
Long-term investments (note 14) 17,265 17,459
Other long-term assets (note 8) 3,479 50,265
Total assets 1,312,751 1,235,500
Current liabilities:    
Accounts payable 116,558 101,735
Other payables and accrued expenses (note 10) 52,966 52,201
Advances from customers 180,453 153,773
Current portion of operating lease liability (note 11) 3,013 1,382
Deferred revenue 4,400 4,174
Short-term borrowings (note 9) 56,745 56,004
Current portion of long-term borrowings (note 12) 2,369 2,322
Income taxes payable (note 19) 8,579 3,469
FIN-48 payable (note 19) 6,774 6,686
Related party accounts payable (note 16) 18,354 14,468
Total current liabilities 450,211 396,214
Long-term borrowings (note 12) 18,245 18,687
Long-term operating lease liability (note 11) 4,395 1,107
Other long-term liabilities (note 13) 7,195 7,321
Total liabilities 480,046 423,329
Commitments and contingencies (note 20)
Equity:    
Additional paid-in capital 606,398 604,089
Retained earnings 101,410 94,426
Statutory surplus reserve (note 22) 16,881 16,881
Accumulated other comprehensive loss (32,768) (40,546)
Total ACM Research, Inc. stockholders’ equity 691,927 674,856
Non-controlling interests 140,778 137,315
Total equity 832,705 812,171
Total liabilities and equity 1,312,751 1,235,500
Class A Common Stock    
Equity:    
Common stock [1] 5 5
Class B Common Stock    
Equity:    
Common stock [1] $ 1 $ 1
[1] Prior period results reflect the three-for-one stock split effected in the form of a stock dividend in March 2022. See Note 1 for details.