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Unaudited condensed consolidated balance sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,119,476 $ 964,100
Short-term investments 0 445,000
Accounts receivable (net of allowance for credit loss of $8 and $11 as of September 30, 2022 and December 31, 2021, respectively) 27,736 47,474
Notes receivable 10,251 7,335
Inventories, net 29,131 18,951
Value added tax recoverable - current 1,080 0
Prepayments and other current assets 22,157 18,021
Total current assets 1,209,831 1,500,881
Restricted cash, non-current 803 803
Long term investments (including the fair value measured investment of $3,316 and $15,383 as of September 30, 2022 and December 31, 2021, respectively) 3,316 15,605
Prepayments for equipment 4,068 989
Property and equipment, net 50,528 43,102
Operating lease right-of-use assets 20,269 14,189
Land use rights, net 6,824 7,811
Intangible assets, net 1,540 1,848
Long-term deposits 1,329 870
Value added tax recoverable 6 23,858
Total assets 1,298,514 1,609,956
Current liabilities:    
Accounts payable 90,112 126,163
Current operating lease liabilities 6,980 5,927
Other current liabilities 58,456 60,811
Total current liabilities 155,548 192,901
Deferred income 23,205 27,486
Non-current operating lease liabilities 13,892 9,613
Total liabilities 192,645 230,000
Commitments and contingencies (Note 14)
Shareholders’ equity    
Ordinary shares (par value of $0.000006 per share; 5,000,000,000 shares authorized; 961,829,720 and 955,363,980 shares issued as of September 30, 2022 and December 31, 2021, respectively; 959,724,940 and 954,981,050 shares outstanding as of September 30, 2022 and December 31, 2021, respectively) 6 6
Additional paid-in capital 2,877,361 2,825,948
Accumulated deficit (1,799,591) (1,418,074)
Accumulated other comprehensive income (loss) 39,549 (23,645)
Treasury Stock (at cost, 2,104,780 and 382,930 shares as of September 30, 2022 and December 31, 2021, respectively) (11,456) (4,279)
Total shareholders’ equity 1,105,869 1,379,956
Total liabilities and shareholders’ equity $ 1,298,514 $ 1,609,956