XML 21 R9.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated statements of cash flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net loss $ (492,646) $ (192,358)
Adjustments to reconcile net loss to net cash used in operating activities:    
Allowance for doubtful accounts 5 2
Inventory write-down 402  
Depreciation and amortization expenses 4,612 3,253
Amortization of deferred income (234) (234)
Share-based compensation 28,106 20,405
Noncash research and development expenses 62,250  
Share of loss from equity method investment 548 671
Loss from fair value changes of equity investment with readily determinable fair value 9,930 0
Loss on disposal of property and equipment 12 1
Noncash lease expenses 4,595 3,251
Changes in operating assets and liabilities:    
Accounts receivable (15,858) (3,704)
Inventories 248 (3,631)
Prepayments and other current assets (6,142) (3,564)
Long term deposits (39) (474)
Value added tax recoverable (1,249) (6,845)
Accounts payable (11,235) 5,217
Other current liabilities 23,429 (4,981)
Operating lease liabilities (3,834) (2,335)
Deferred income 863 13,606
Net cash used in operating activities (396,237) (171,720)
Cash flows from investing activities:    
Purchases of short-term investments (170,000) (749,676)
Proceeds from maturity of short-term investment 743,902  
Purchase of property and equipment (11,920) (4,835)
Purchase of intangible assets (539) (370)
Payment for investment in equity investee (30,000)  
Disposal of property and equipment 3  
Net cash provided by (used in) investing activities 531,446 (754,881)
Cash flows from financing activities:    
Repayment of short-term borrowings   (4,292)
Proceeds from exercises of stock options 6,907 4,083
Proceeds from issuance of ordinary shares upon public offerings 818,874 1,025,970
Payment of public offering costs (1,836) (1,275)
Employee taxes paid related to net share settlement of equity awards (3,467)  
Net cash provided by financing activities 820,478 1,024,486
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 695 2,062
Net increase in cash, cash equivalents and restricted cash 956,382 99,947
Cash, cash equivalents and restricted cash - beginning of period 442,859 76,442
Cash, cash equivalents and restricted cash - end of period 1,399,241 176,389
Supplemental disclosure on non-cash investing and financing activities:    
Payables for purchase of property and equipment 1,797 2,334
Payables for intangible assets 24 21
Payables for public offering costs   4,909
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 1,398,498 175,879
Restricted cash, non-current 743 510
Total cash and cash equivalents and restricted cash $ 1,399,241 176,389
Interest paid   $ 157