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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net (loss) income $ (32,022,000) $ 499,876,000
Items not affecting cash:    
Inventory write-down 11,024,000 0
Share-based payments 4,982,000 4,418,000
Depreciation and amortization 2,879,000 1,174,000
Share of loss from investments in equity accounted investees 1,966,000 939,000
Gain on revaluation of derivative liabilities (77,488,000) (525,526,000)
Gain on disposal of other investments (769,000) (15,498,000)
Impairment loss on goodwill and intangible assets 40,000,000 0
Loss (gain) on unrealized foreign exchange (1,097,000) 184,000
Provision for doubtful accounts 1,437,000 0
Non-cash sales and marketing 2,158,000 0
Other, net 307,000 (745,000)
Net changes in non-cash working capital (30,570,000) (21,591,000)
Cash flows used in operating activities (77,193,000) (56,769,000)
Investing activities    
Purchase of short-term investments (124,576,000) (556,876,000)
Proceeds from disposal of short-term investments 203,678,000 0
Investments in equity accounted investees 0 (1,658,000)
Proceeds from sale of other investments 769,000 19,614,000
Advances to joint ventures 0 (15,990,000)
Purchase of property, plant and equipment (13,344,000) (20,918,000)
Payment of accrued interest on construction loan payable 0 (89,000)
Purchase of intangible assets (2,754,000) (470,000)
Advances on loans receivable (23,974,000) (12,222,000)
Cash flows provided (used) in investing activities 39,799,000 (588,609,000)
Financing activities    
Advance from non-controlling interests 0 85,000
Repayment of lease obligations (1,184,000) (160,000)
Proceeds from Altria Investment 0 1,809,556,000
Proceeds from exercise of Top-up Rights 0 619,000
Proceeds from exercise of warrants and options 1,000 1,450,000
Withholding taxes paid on options 0 (836,000)
Share issuance costs 0 (3,718,000)
Advance of loans payable 0 48,715,000
Repayment of loans payable 0 (48,309,000)
Transaction costs paid on construction loan payable 0 (15,971,000)
Cash flows provided (used) in financing activities (1,183,000) 1,791,431,000
Effect of foreign currency translation on cash and cash equivalents (51,416,000) 36,079,000
Increase (decrease) in cash and cash equivalents (89,993,000) 1,182,132,000
Cash and cash equivalents, beginning of period 1,199,693,000 23,927,000
Cash and cash equivalents, end of period 1,109,700,000 1,206,059,000
Supplemental cash flow information    
Interest paid 90,000 589,000
Interest received $ 11,575,000 $ 7,871,000