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Additional information: condensed financial statements of the Company | 12 Months Ended
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Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Additional information: condensed financial statements of the Company |
29. | Additional information: condensed financial statements of the Company
Regulation S-X require condensed financial information as to financial position, changes in financial position and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of consolidated and unconsolidated subsidiaries together exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. The Company records its investment in its subsidiaries, VIE and VIE’s subsidiaries under the equity method of accounting. Such investments are presented on the separate condensed balance sheets of the Company as “Long-term investments”. The subsidiaries did not pay any dividends to the Company for the periods presented. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted. The footnote disclosures represent supplemental information relating to the operations of the Company, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Group. The Company did not have significant other commitments, long-term obligations, or guarantees as of December 31, 2014. Condensed balance sheets
(In thousands) |  | December 31, 2013 |  |  | December 31, 2014 |
Assets |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 28,863 |  |  |  | 309,457 |
Due from subsidiaries and consolidated VIEs |  |  | 25,859 |  |  |  | 67,397 |
Prepayments and other current assets |  |  | 653 |  |  |  | 6,709 |
Total current assets |  |  | 55,375 |  |  |  | 383,563 |
Non-current assets: |  |  |  |  |  |  |  |
Intangible assets, net |  |  | 1,017 |  |  |  | 394 |
Investments in subsidiaries and consolidated VIEs |  |  | 67,009 |  |  |  | 82,360 |
Total assets |  |  | 123,401 |  |  |  | 466,317 |
Liabilities |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable |  |  | 807 |  |  |  | 101 |
Deferred revenue and income, current portion |  |  | — |  |  |  | 211 |
Accrued liabilities and other payables |  |  | 924 |  |  |  | 2,328 |
Total current liabilities |  |  | 1,731 |  |  |  | 2,640 |
Non-current liabilities: |  |  |  |  |  |  |  |
Deferred revenue and income, non-current |  |  | — |  |  |  | 842 |
Warrants liabilities |  |  | 2,186 |  |  |  | — |
Due to related parties, non-current portion |  |  | — |  |  |  | 4,137 |
Other long-term payable |  |  | — |  |  |  | 807 |
Total liabilities |  |  | 3,917 |  |  |  | 8,426 |
Commitments and contingencies |  |  |  |  |  |  |  |
Mezzanine equity |  |  | 40,290 |  |  |  | — |
Shareholders’ equity |  |  |  |  |  |  |  |
Series C convertible non-redeemable preferred shares |  |  | 1 |  |  |  | — |
Series B convertible non-redeemable preferred shares |  |  | 8 |  |  |  | — |
Series A-1 convertible non-redeemable preferred shares |  |  | 9 |  |  |  | — |
Series A convertible non-redeemable preferred shares |  |  | 7 |  |  |  | — |
Common shares |  |  | 15 |  |  |  | 82 |
Treasury shares 9,073,732 shares as at December 31, 2013 and 30,274,602 shares as at December 31, 2014 |  |  | 2 |  |  |  | 7 |
Other shareholders’ equity |  |  | 79,152 |  |  |  | 457,802 |
Total Xunlei Limited’s shareholders’ equity |  |  | 79,194 |  |  |  | 457,891 |
Total liabilities, mezzanine equity and shareholders’ equity |  |  | 123,401 |  |  |  | 466,317 |
Condensed statements of operations
|  | Years ended December 31, |
(In thousands) |  | 2012 |  |  | 2013 |  |  | 2014 |
Revenues |  |  | — |  |  |  | — |  |  |  | — |
Cost of revenues |  |  | (3,075 | ) |  |  | (2,264 | ) |  |  | (1,673 | )
Gross profit |  |  | (3,075 | ) |  |  | (2,264 | ) |  |  | (1,673 | )
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
Research and development expenses |  |  | (1,369 | ) |  |  | — |  |  |  | — |
Sales and marketing expenses |  |  | (489 | ) |  |  | (241 | ) |  |  | — |
General and administrative expenses |  |  | (1,315 | ) |  |  | (972 | ) |  |  | (996 | )
Total operating expenses |  |  | (3,173 | ) |  |  | (1,213 | ) |  |  | (996 | )
Operating loss |  |  | (6,248 | ) |  |  | (3,477 | ) |  |  | (2,669 | )
Interest income |  |  | 1,089 |  |  |  | 706 |  |  |  | 6,171 |
Interest expense |  |  | — |  |  |  | — |  |  |  | (163 | )
Other (loss) / income, net |  |  | (885 | ) |  |  | 1,651 |  |  |  | 7,602 |
Income from subsidiaries and consolidated VIEs |  |  | 6,547 |  |  |  | 11,782 |  |  |  | (129 | )
Income before income tax |  |  | 503 |  |  |  | 10,662 |  |  |  | 10,812 |
Income tax |  |  | — |  |  |  | — |  |  |  | — |
Net income |  |  | 503 |  |  |  | 10,662 |  |  |  | 10,812 |
Net income attributable to the non-controlling interest |  |  | — |  |  |  | — |  |  |  | — |
Net income attributable to Xunlei Limited’s common shareholders |  |  | 503 |  |  |  | 10,662 |  |  |  | 10,812 |
Condensed statement of cash flows
|  | Years ended December 31, |
(In thousands) |  | 2012 |  |  | 2013 |  |  | 2014 |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net cash generated from / (used in) operating activities |  |  | 695 |  |  |  | 4,708 |  |  |  | (41,485 | )
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Net cash used in investing activities |  |  | (37,302 | ) |  |  | (3,843 | ) |  |  | (10,333 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Net cash generated from / (used in) financing activities |  |  | 35,488 |  |  |  | (2,242 | ) |  |  | 332,412 |
Net (decrease) / increase in cash and cash equivalents |  |  | (1,119 | ) |  |  | (1,377 | ) |  |  | 280,594 |
Cash and cash equivalents at beginning of year |  |  | 31,359 |  |  |  | 30,240 |  |  |  | 28,863 |
Effect of exchange rates on cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | — |
Cash and cash equivalents at end of year |  |  | 30,240 |  |  |  | 28,863 |  |  |  | 309,457 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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