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Unaudited condensed consolidated statements of cash flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net loss $ (220,327) $ (396,234)
Adjustments to reconcile net loss to net cash used in operating activities:    
Allowance for credit loss (3) 4
Inventory write-down 193 290
Depreciation and amortization expenses 3,874 2,975
Amortization of deferred income (1,386) (156)
Share-based compensation 26,634 17,550
Noncash research and development expenses 0 62,250
Share of loss from equity method investment 221 208
Loss from fair value changes of equity investment with readily determinable fair value 12,556 0
(Gain) loss on disposal of property and equipment (11) 4
Noncash lease expenses 3,825 2,779
Changes in operating assets and liabilities:    
Accounts receivable 20,422 (12,868)
Notes receivable (3,633) 0
Inventories (4,582) 1,740
Prepayments and other current assets 48 (1,953)
Long-term deposits (78) (29)
Value added tax recoverable 23,602 (1,682)
Accounts payable (17,718) 62,980
Other current liabilities 29,510 28,078
Operating lease liabilities (3,849) (2,214)
Deferred income (1,325) 930
Net cash used in operating activities (132,027) (235,348)
Cash flows from investing activities:    
Purchases of short-term investments (260,274) 0
Proceeds from maturity of short-term investment 130,000 743,902
Purchase of property and equipment (13,488) (5,647)
Purchase of intangible assets (107) (427)
Net cash (used in) provided by investing activities (143,869) 737,828
Cash flows from financing activities:    
Proceeds from exercises of stock options 4,619 3,992
Proceeds from issuance of ordinary shares upon public offerings 0 818,874
Payment of public offering costs 0 (1,323)
Employee taxes paid related to net share settlement of equity awards (6,859) (594)
Net cash (used in) provided by financing activities (2,240) 820,949
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (5,144) 1,028
Net (decrease) increase in cash, cash equivalents and restricted cash (283,280) 1,324,457
Cash, cash equivalents and restricted cash - beginning of period 964,903 442,859
Cash, cash equivalents and restricted cash - end of period 681,623 1,767,316
Supplemental disclosure on non-cash investing and financing activities:    
Payables for purchase of property and equipment 1,661 1,720
Payables for intangible assets 270 58
Payables for public offering costs 0 555
Payables for treasury stock 17 0
Receivables for stock option exercise under equity incentive plans 12 0
Right-of-use asset acquired under operating leases 8,451 0
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 680,820 1,766,573
Restricted cash, non-current 803 743
Total cash and cash equivalents and restricted cash $ 681,623 $ 1,767,316