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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,008,470,000 $ 964,100,000
Short-term investments 0 445,000,000
Accounts receivable (net of allowance for credit loss of $11 as of December 31, 2022 and 2021, respectively) 39,963,000 47,474,000
Notes receivable 8,608,000 7,335,000
Inventories, net 31,621,000 18,951,000
Prepayments and other current assets 35,674,000 18,021,000
Total current assets 1,124,336,000 1,500,881,000
Restricted cash, non-current 803,000 803,000
Long-term investments (including the fair value measured investment of $6,431 and $15,383 as of December 31, 2022 and 2021, respectively) 6,431,000 15,605,000
Prepayments for equipment 1,396,000 989,000
Property and equipment, net 57,863,000 43,102,000
Operating lease right-of-use assets 19,512,000 14,189,000
Land use rights, net 6,892,000 7,811,000
Intangible assets, net 1,511,000 1,848,000
Long-term deposits 1,396,000 870,000
Value added tax recoverable 0 23,858,000
Total assets 1,220,140,000 1,609,956,000
Current liabilities    
Accounts payable 65,974,000 126,163,000
Current operating lease liabilities 7,050,000 5,927,000
Other current liabilities 66,818,000 60,811,000
Total current liabilities 139,842,000 192,901,000
Deferred income 21,360,000 27,486,000
Non-current operating lease liabilities 13,343,000 9,613,000
Total liabilities 174,545,000 230,000,000
Commitments and contingencies (Note 20)
Shareholders’ equity    
Ordinary shares (par value of $0.000006 per share; 5,000,000,000 shares authorized, 962,455,850 and 955,363,980 shares issued as of December 31, 2022 and 2021, respectively; 960,219,570 and 954,981,050 shares issued and outstanding as of December 31, 2022 and 2021, respectively) 6,000 6,000
Additional paid-in capital 2,893,120,000 2,825,948,000
Accumulated deficit (1,861,360,000) (1,418,074,000)
Accumulated other comprehensive income (loss) 25,685,000 (23,645,000)
Treasury stock (at cost, 2,236,280 and 382,930 shares as of December 31, 2022 and 2021, respectively) (11,856,000) (4,279,000)
Total shareholders’ equity 1,045,595,000 1,379,956,000
Total liabilities and shareholders’ equity $ 1,220,140,000 $ 1,609,956,000