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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 616,086 $ 790,151
Restricted cash, current 100,000 0
Short-term investments 0 16,300
Accounts receivable (net of allowance for credit losses of $14 and $17 as of September 30, 2024 and December 31, 2023, respectively) 49,970 59,199
Notes receivable 19,278 6,134
Inventories, net 39,548 44,827
Prepayments and other current assets 35,667 22,995
Total current assets 860,549 939,606
Restricted cash, non-current 1,118 1,113
Long term investments 3,153 9,220
Prepayments for equipment 32 111
Property and equipment, net 50,765 53,734
Operating lease right-of-use assets 12,833 14,844
Land use rights, net 3,012 3,069
Intangible assets, net 51,669 13,389
Long-term deposits 975 1,209
Value added tax recoverable 1,240 0
Total assets 985,346 1,036,295
Current liabilities    
Accounts payable 120,652 112,991
Current operating lease liabilities 6,585 7,104
Short-term debt 112,994 0
Other current liabilities 46,084 82,972
Total current liabilities 286,315 203,067
Deferred income 24,924 28,738
Non-current operating lease liabilities 6,113 8,047
Other non-current liabilities 325 325
Total liabilities 317,677 240,177
Commitments and contingencies (Note 16)
Shareholders’ equity    
Ordinary shares (par value of $0.000006 per share; 5,000,000,000 shares authorized; 989,268,370 and 977,151,270 shares issued as of September 30, 2024 and December 31, 2023, respectively; 984,356,170 and 972,239,070 shares outstanding as of September 30, 2024 and December 31, 2023, respectively) 6 6
Additional paid-in capital 3,031,628 2,975,302
Accumulated deficit (2,371,399) (2,195,980)
Accumulated other comprehensive income 28,270 37,626
Treasury Stock (at cost, 4,912,200 shares as of both September 30, 2024 and December 31, 2023) (20,836) (20,836)
Total shareholders’ equity 667,669 796,118
Total liabilities and shareholders’ equity $ 985,346 $ 1,036,295