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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net loss $ (1,127,874) $ (562,683)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 23,961 11,133
Share-based compensation expenses 134,020 95,812
Unrealized gains on equity method investments (9,974) 0
Gain on deconsolidation of a subsidiary (11,307) 0
Acquired in-process research and development 89,500 49,000
Amortization of research and development cost share liability (85,296) 0
Deferred income tax benefits (8,762) (13,334)
Other items, net 1,144 (2,733)
Changes in operating assets and liabilities:    
Accounts receivable 10,497 (14,856)
Inventories (6,972) (21,270)
Prepaid expenses and other current assets (52,941) (5,653)
Operating lease right-of-use assets (5,207) (4,303)
Other non-current assets (5,980) (15,307)
Accounts payable 21,979 (8,151)
Accrued expenses and other payables 115,872 33,494
Tax payable (12,272) 3,173
Deferred revenue 0 (27,982)
Operating lease liabilities 5,312 2,072
Other long-term liabilities (26,827) (1,500)
Net cash used in operating activities (951,127) (483,088)
Investing activities:    
Purchases of property, plant and equipment (82,819) (74,148)
Deconsolidation of a subsidiary (2,025) 0
Purchases of investments (4,879,705) (850,825)
Proceeds from sale or maturity of investments 1,972,608 1,552,028
Purchase of in-process research and development (89,500) (49,000)
Net cash (used in) provided by investing activities (3,081,441) 578,055
Financing activities:    
Proceeds from sale of ordinary shares, net of cost 4,232,017 0
Proceeds from research and development cost share liability 616,834 0
Capital contribution from noncontrolling interest 0 4,000
Prepayment to acquire joint venture ("JV") minority interest (28,723) 0
Proceeds from long-term loans 64,288 67,489
Repayment of long-term loans (132,061) (8,394)
Proceeds from short-term loans 48,983 0
Proceeds from option exercises and employee share purchase plan 75,830 20,387
Net cash provided by financing activities 4,877,168 83,482
Effect of foreign exchange rate changes, net 4,340 (18,339)
Net increase in cash, cash equivalents, and restricted cash 848,940 160,110
Cash, cash equivalents, and restricted cash at beginning of period 620,775 740,713
Cash, cash equivalents, and restricted cash at end of period 1,469,715 900,823
Supplemental cash flow information:    
Cash and cash equivalents 1,464,470 856,851
Short-term restricted cash 295 14,271
Long-term restricted cash 4,950 30,401
Income taxes paid 10,596 8,951
Interest paid 41,577 3,335
Supplemental non-cash information:    
Acquisitions of equipment included in accounts payable $ 30,926 $ 29,255