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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 231,420 $ 480,931
Restricted cash, current 70,732 55,178
Short-term investments 25,070 0
Accounts receivable (net of allowance for doubtful accounts of $5,005 and $4,407 as of December 31, 2021 and 2022, respectively) 119,304 88,717
Notes receivable 2,196 11,144
Inventories, net 84,252 53,424
Prepaid expenses and other current assets 12,093 17,127
Amounts due from related parties 0 85
Total Current Assets 545,067 706,606
Restricted cash, non-current 465 0
Property, plant and equipment, net 335,140 253,057
Land use rights, net 12,639 14,008
Acquired intangible assets, net 1,636 1,882
Operating lease right-of-use assets 16,368 0
Other non-current assets 73,642 19,738
Total Assets 984,957 995,291
Current liabilities:    
Accounts payable 44,985 40,408
Notes payable 68,441 60,953
Accrued expenses and other current liabilities 66,720 58,740
Advance from customers 54,207 1,526
Short-term bank borrowings 17,398 13,301
Income tax payables 658 666
Total Current Liabilities 252,409 175,594
Long-term bank borrowings 28,997 0
Long-term bonds payable 43,888 73,147
Warrant liability 126 1,105
Share-based compensation liability 131 18,925
Operating lease liabilities 14,347 0
Other non-current liabilities 32,082 39,822
Total Liabilities 371,980 308,593
Commitments and contingencies (Note 28)
Shareholders’ Equity    
Common Stock (par value of US$0.0001 per share, 750,000,000 shares authorized as of December 31, 2021 and 2022; 300,530,516 and 309,316,011 shares issued, and 298,843,016 and 307,628,511 shares outstanding as of December 31, 2021 and 2022) 31 30
Additional paid-in capital 1,416,160 1,306,034
Statutory reserves 6,032 6,032
Accumulated deficit (791,165) (632,099)
Accumulated other comprehensive income (loss) (18,081) 6,701
Total Shareholders’ Equity 612,977 686,698
Total Liabilities and Shareholders’ Equity $ 984,957 $ 995,291