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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 879,844 $ 1,008,470
Short-term investments 50,550 0
Accounts receivable (net of allowance for credit loss of $13 and $11 as of March 31, 2023 and December 31, 2022, respectively) 43,346 39,963
Notes receivable 17,381 8,608
Inventories, net 38,405 31,621
Prepayments and other current assets 42,772 35,674
Total current assets 1,072,298 1,124,336
Restricted cash, non-current 1,003 803
Long term investments (including the fair value measured investment of $6,872 and $6,431 as of March 31, 2023 and December 31, 2022, respectively) 6,872 6,431
Prepayments for equipment 1,721 1,396
Property and equipment, net 58,309 57,863
Operating lease right-of-use assets 20,148 19,512
Land use rights, net 6,920 6,892
Intangible assets, net 1,479 1,511
Long-term deposits 1,324 1,396
Total assets 1,170,074 1,220,140
Current liabilities:    
Accounts payable 66,361 65,974
Current operating lease liabilities 7,318 7,050
Other current liabilities 50,881 66,818
Total current liabilities 124,560 139,842
Deferred income 30,968 21,360
Non-current operating lease liabilities 12,979 13,343
Other non-current liabilities 325 0
Total liabilities 168,832 174,545
Commitments and contingencies (Note 15)
Shareholders’ equity    
Ordinary shares (par value of $0.000006 per share; 5,000,000,000 shares authorized; 967,197,350 and 962,455,850 shares issued as of March 31, 2023 and December 31, 2022, respectively; 963,688,740 and 960,219,570 shares outstanding as of March 31, 2023 and December 31, 2022, respectively) 6 6
Additional paid-in capital 2,911,454 2,893,120
Accumulated deficit (1,910,504) (1,861,360)
Accumulated other comprehensive income 17,272 25,685
Treasury Stock (at cost, 3,508,610 and 2,236,280 shares as of March 31, 2023 and December 31, 2022, respectively) (16,986) (11,856)
Total shareholders’ equity 1,001,242 1,045,595
Total liabilities and shareholders’ equity $ 1,170,074 $ 1,220,140