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Additional information: condensed financial statements of the Company | 12 Months Ended
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Dec. 31, 2019
Additional information: condensed financial statements of the Company |
Additional information: condensed financial statements of the Company | 29. Additional information: condensed financial statements of the Company Regulation S-X requires condensed financial information as to financial position, statements of cash flows 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, 2019. Condensed balance sheets
(In thousands) |  | December 31, 2018 |  | December 31, 2019
Assets |  |  |  |
Current assets: |  |  |  |
Cash and cash equivalents |  | 47,781 |  | 7,683
Short-term investments |  | 181,894 |  | 102,555
Due from subsidiaries and consolidated VIEs |  | 151,491 |  | 277,241
Prepayments and other current assets |  | 170 |  | 274
Total current assets |  | 381,336 |  | 387,753
Non-current assets: |  |  |  |
Investments in subsidiaries and consolidated VIEs |  | (26,130) |  | (79,165)
Total assets |  | 355,206 |  | 308,588
Liabilities |  |  |  |
Current liabilities: |  |  |  |
Accounts payable |  | 55 |  | 55
Due to subsidiaries and consolidated VIEs |  | 7,169 |  | 9,737
Contract liabilities and deferred income, current portion |  | 503 |  | 1
Accrued liabilities and other payables |  | 2,185 |  | 1,918
Total current liabilities |  | 9,912 |  | 11,711
Total liabilities |  | 9,912 |  | 11,711
Commitments and contingencies |  |  |  |
Shareholders’ equity |  |  |  |
Common shares |  | 84 |  | 85
Treasury shares 32,354,429 shares as at December 31, 2018 and 29,711,964 shares as at December 31, 2019 |  | 8 |  | 7
Other shareholders’ equity |  | 345,203 |  | 296,785
Total Xunlei Limited’s shareholders’ equity |  | 345,295 |  | 296,877
Total liabilities and shareholders’ equity |  | 355,207 |  | 308,588
Condensed statements of operations
|  | Years ended December 31,
(In thousands) |  | 2017 |  | 2018 |  | 2019
Operating expenses |  |  |  |  |  |
Sales and marketing expenses |  | — |  | — |  | (1)
General and administrative expenses |  | (1,153) |  | (1,483) |  | (1,247)
Total operating expenses |  | (1,153) |  | (1,483) |  | (1,248)
Operating loss |  | (1,153) |  | (1,483) |  | (1,248)
Interest income |  | 1,262 |  | 879 |  | 1,496
Interest expense |  | (239) |  | (239) |  | (75)
Other income, net |  | 3,308 |  | 4,646 |  | 4,712
(Loss)/income from subsidiaries and consolidated VIE |  |  |  |  |  |
- Continuing operations |  | (47,407) |  | (43,221) |  | (57,787)
- Discontinued operations |  | 6,407 |  | 139 |  | —
Loss before income tax |  | (37,822) |  | (39,279) |  | (52,902)
Income tax |  | — |  | — |  | (267)
Net loss |  | (37,822) |  | (39,279) |  | (53,169)
Net loss attributable to Xunlei Limited’s common shareholders |  | (37,822) |  | (39,279) |  | (53,169)
Condensed statements of cash flows
|  | Years ended December 31,
(In thousands) |  | 2017 |  | 2018 |  | 2019
Cash flows from operating activities |  |  |  |  |  |
Net cash used in operating activities |  | (25,333) |  | (88,309) |  | (171,796)
Cash flows from investing activities |  |  |  |  |  |
Net cash generated from investing activities |  | 32,670 |  | 37,788 |  | 52,359
Cash flows from financing activities |  |  |  |  |  |
Net cash used in financing activities |  | (301) |  | — |  | —
Net (decrease) / increase in cash and cash equivalents |  | 7,036 |  | (50,521) |  | (119,437)
Cash and cash equivalents at beginning of year |  | 273,160 |  | 280,196 |  | 229,675
Effect of exchange rates on cash and cash equivalents |  | — |  | — |  | —
Cash and cash equivalents at end of year |  | 280,196 |  | 229,675 |  | 110,238

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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/disclosureRef -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 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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