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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 788,806 $ 1,008,470
Short-term investments 31,600 0
Accounts receivable (net of allowance for credit loss of $12 and $11 as of September 30, 2023 and December 31, 2022, respectively) 41,596 39,963
Notes receivable 23,679 8,608
Inventories, net 44,229 31,621
Prepayments and other current assets 29,821 35,674
Total current assets 959,731 1,124,336
Restricted cash, non-current 1,792 803
Long term investments 4,466 6,431
Prepayments for equipment 144 1,396
Property and equipment, net 55,282 57,863
Operating lease right-of-use assets 16,398 19,512
Land use rights, net 3,057 6,892
Intangible assets, net 1,568 1,511
Long-term deposits 1,256 1,396
Total assets 1,043,694 1,220,140
Current liabilities:    
Accounts payable 55,020 65,974
Current operating lease liabilities 6,886 7,050
Other current liabilities 62,990 66,818
Total current liabilities 124,896 139,842
Deferred income 27,686 21,360
Non-current operating lease liabilities 9,808 13,343
Other non-current liabilities 325 0
Total liabilities 162,715 174,545
Commitments and contingencies (Note 15)
Shareholders’ equity    
Ordinary shares (par value of $0.000006 per share; 5,000,000,000 shares authorized; 973,930,280 and 962,455,850 shares issued as of September 30, 2023 and December 31, 2022, respectively; 969,037,150 and 960,219,570 shares outstanding as of September 30, 2023 and December 31, 2022, respectively) 6 6
Additional paid-in capital 2,954,362 2,893,120
Accumulated deficit (2,100,551) (1,861,360)
Accumulated other comprehensive income 47,952 25,685
Treasury Stock (at cost, 4,893,130 and 2,236,280 shares as of September 30, 2023 and December 31, 2022, respectively) (20,790) (11,856)
Total shareholders’ equity 880,979 1,045,595
Total liabilities and shareholders’ equity $ 1,043,694 $ 1,220,140