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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 233,479 $ 199,504
Short-term investments 138,915 181,960
Accounts receivable, net 40,632 14,536
Inventories 3,879 374
Deferred tax assets 1,221
Due from related parties 6,986 1,097
Prepayments and other current assets 6,866 13,593
Held-for-sale assets 26 20
Total current assets 430,783 412,305
Non-current assets:    
Long-term investments 42,741 40,792
Deferred tax assets [1] 6,072 3,272
Property and equipment, net 24,685 20,996
Intangible assets, net 5,511 10,746
Goodwill 21,760 20,497
Other long-term prepayments and receivables 1,885 1,187
Total assets 533,437 509,795
Current liabilities:    
Accounts payable (including accounts payable of the consolidated variable interest entities (“VIE”) and its subsidiaries without recourse to the Company of USD 44,162 and USD 68,469 as of December 31, 2016 and 2017, respectively) 49,819 33,376
Due to a related party (including due to a related party of the consolidated VIE and its subsidiaries without recourse to the Company of USD 45 and USD 10 as of December 31, 2016 and 2017, respectively) 10 45
Deferred revenue and income, current portion (including deferred revenue and income, current portion of the consolidated VIE and its subsidiaries without recourse to the Company of USD 22,923 and USD 27,738 as of December 31, 2016 and 2017, respectively) 28,046 23,194
Income tax payable (including income tax payable of the consolidated VIE and its subsidiaries without recourse to the Company of USD 2,253 and USD 3,128 as of December 31, 2016 and 2017, respectively) 3,128 2,321
Accrued liabilities and other payables (including accrued liabilities and other payables of the consolidated VIE and its subsidiaries without recourse to the Company of USD 104,114 and USD 132,901 as of December 31, 2016 and 2017, respectively) 59,871 33,131
Held-for-sale liabilities 822 1,338
Total current liabilities 141,696 93,405
Non-current liabilities:    
Deferred revenue and income, non-current portion (including deferred revenue and income, non-current portion of the consolidated VIE and its subsidiaries without recourse to the Company of USD 3,539 and USD 2,934 as of December 31, 2016 and 2017, respectively) [2] 3,242 4,082
Deferred tax liabilities, non-current portion 635
Due to related parties, non-current portion 4,737 4,537
Other long-term payable 925 886
Total liabilities 150,600 103,545
Commitments and contingencies
Equity    
Common shares ( USD0.00025 par value, 1,000,000,000 shares authorized, 368,877,209 shares issued and 330,545,000 shares outstanding as of December 31, 2016; 368,877,209 shares issued and 333,643,560 shares outstanding as of December 31, 2017) 83 83
Additional paid-in-capital 461,330 453,347
Accumulated other comprehensive loss (7,031) (13,629)
Statutory reserves 5,132 5,132
Treasury shares (38,332,209 shares and 35,233,649 shares as of December 31, 2016 and 2017, respectively) 9 9
Accumulated deficits (74,526) (36,704)
Total Xunlei Limited’s shareholders’ equity 384,997 408,238
Non-controlling interests (2,160) (1,988)
Total liabilities and shareholders’ equity $ 533,437 $ 509,795
[1] As at December 31, 2017, the deferred tax asset and liability balances are expected to be recoverable as follows
[2] As of December 31, 2017, the non-current portion included membership subscription revenue of USD 425,000 (2016: USD 820,000), government grants of USD 2,509,000 (2016: USD 2,719,000), and reimbursement from the depositary of USD 308,000 (2016: USD 543,000).