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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
Net income $ 864,847,000 $ 133,807,000 $ 29,523,000
Less: (Loss) income from discontinued operations, net of tax   (141,000) 1,261,000
Net income from continuing operations 864,847,000 133,948,000 28,262,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Share-based compensation 10,077,000 17,908,000 17,897,000
Depreciation of property, plant and equipment 77,366,000 68,686,000 47,371,000
Prepaid land use rights 821,000 693,000 582,000
Loss on disposal of property plant and equipment 2,749,000 1,103,000  
Inventory write-down 0 1,956,000 327,000
Fair value change of short-term investments (2,407,000)    
Others 4,378,000 616,000 50,000
Changes in operating assets and liabilities:      
Accounts receivable   13,000 1,163,000
Notes receivable (360,259,000) 5,553,000 2,389,000
Prepaid expenses and other current assets (31,556,000) 6,689,000 (5,174,000)
Advances to suppliers 4,755,000 (6,018,000) 1,758,000
Inventories (280,187,000) (5,125,000) (21,635,000)
Amounts due from related parties 118,000 (94,000)  
Operating lease right-of-use assets   65,000 (248,000)
Other non-current assets 62,000 (145,000)  
Accounts payable 61,067,000 4,556,000 3,660,000
Notes payable (26,068,000) (54,345,000) 78,386,000
Accrued expenses and other current liabilities 9,727,000 16,138,000 2,942,000
Income tax payable 47,451,000 16,629,000 (605,000)
Advances from customers 243,695,000 3,335,000 18,063,000
Amounts due to related parties 25,000 (38,000) 103,000
Deferred government subsidies (562,000) (497,000) (171,000)
Lease liability (83,000) (86,000) 164,000
Deferred taxes 12,973,000 (1,787,000) 4,696,000
Net cash provided by operating activities-continuing operations 638,989,000 209,753,000 179,980,000
Net cash provided by(used in) operating activities-discontinued operations   (50,000) 1,010,000
Net cash provided by operating activities 638,989,000 209,703,000 180,990,000
Investing activities:      
Purchases of property, plant and equipment (498,505,000) (118,292,000) (279,044,000)
Purchases of land use rights (9,755,000)   (6,593,000)
Purchase of short-term investments (501,441,000)    
Redemption of short-term investments 227,807,000   21,726,000
Acquisition of Xinjiang Daqo Investment     627,000
Net cash used in investing activities-continuing operations (781,894,000) (118,292,000) (263,284,000)
Net cash provided by (used in) investing activities-discontinued operations   (195,000) 1,457,000
Net cash used in investing activities (781,894,000) (118,487,000) (261,827,000)
Financing activities:      
Proceeds from related parties loans 13,213,000 22,869,000 20,388,000
Repayment of related parties loans (18,133,000) (47,538,000) (20,388,000)
Proceeds from bank borrowings 48,822,000 98,573,000 178,227,000
Repayment of bank borrowings (244,776,000) (198,043,000) (74,554,000)
Proceeds from options exercised 2,139,000 580,000 791,000
Proceeds from sales of equity interest in the Group's subsidiary   28,088,000 515,000
Proceeds from subsidiary's public offering of ordinary shares, net of issuance cost paid of $59 million 934,960,000    
Net cash provided by (used in) financing activities-continuing operations 736,225,000 (95,471,000) 104,979,000
Net cash used in financing activities-discontinued operations     (2,651,000)
Net cash provided by (used in) financing activities 736,225,000 (95,471,000) 102,328,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash 12,242,000 7,365,000 (1,317,000)
Net increase in cash, cash equivalents and restricted cash 605,562,000 3,110,000 20,174,000
Cash, cash equivalents and restricted cash at the beginning of the year (includes $1,091,190, $845,199 and nil of cash, cash equivalents and restricted cash in current assets associated with discontinued operations on December 31, 2019, 2020 and 2021) 118,404,000 115,294,000 95,120,000
Cash, cash equivalents and restricted cash at the end of the year (includes $845,199, nil and nil of cash, cash equivalents and restricted cash in current assets associated with discontinued operations on December 31, 2019, 2020 and 2021) 723,966,000 118,404,000 115,294,000
Cash and cash equivalents 723,775,000 76,596,000 52,685,000
Restricted cash 191,000 41,808,000 62,609,000
Total cash, cash equivalents, and restricted cash shown in the statements of cash flows 723,966,000 118,404,000 115,294,000
Supplemental disclosure of cash flow information:      
Interest paid, net of capitalized interest 21,158,000 24,696,000 10,215,000
Income taxes paid 108,099,000 12,808,000 5,546,000
Supplemental schedule of non-cash investing activities:      
Purchases of property, plant and equipment included in payables 142,937,000 73,148,000 135,702,000
Purchase of property, plant and equipment included in amounts due to related parties - short-term portion $ 5,979,000 $ 198,000 $ 26,539,000