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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 859,155 $ 1,008,470
Short-term investments 15,500 0
Accounts receivable (net of allowance for credit loss of $14 and $11 as of June 30, 2023 and December 31, 2022, respectively) 47,283 39,963
Notes receivable 20,781 8,608
Inventories, net 36,353 31,621
Prepayments and other current assets 38,433 35,674
Total current assets 1,017,505 1,124,336
Restricted cash, non-current 1,791 803
Long term investments 5,128 6,431
Prepayments for equipment 665 1,396
Property and equipment, net 56,410 57,863
Operating lease right-of-use assets 18,537 19,512
Land use rights, net 3,067 6,892
Intangible assets, net 1,690 1,511
Long-term deposits 1,580 1,396
Total assets 1,106,373 1,220,140
Current liabilities:    
Accounts payable 67,031 65,974
Current operating lease liabilities 7,299 7,050
Other current liabilities 59,024 66,818
Total current liabilities 133,354 139,842
Deferred income 28,625 21,360
Non-current operating lease liabilities 11,755 13,343
Other non-current liabilities 325 0
Total liabilities 174,059 174,545
Commitments and contingencies (Note 15)
Shareholders’ equity    
Ordinary shares (par value of $0.000006 per share; 5,000,000,000 shares authorized; 973,355,390 and 962,455,850 shares issued as of June 30, 2023 and December 31, 2022, respectively; 968,566,280 and 960,219,570 shares outstanding as of June 30, 2023 and December 31, 2022, respectively) 6 6
Additional paid-in capital 2,932,053 2,893,120
Accumulated deficit (2,031,399) (1,861,360)
Accumulated other comprehensive income 52,180 25,685
Treasury Stock (at cost, 4,789,110 and 2,236,280 shares as of June 30, 2023 and December 31, 2022, respectively) (20,526) (11,856)
Total shareholders’ equity 932,314 1,045,595
Total liabilities and shareholders’ equity $ 1,106,373 $ 1,220,140