Certain risks and concentration (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Consolidated Financial Information of VIEs and VIE's Subsidiaries

The following consolidated financial information of the Group’s VIE and its subsidiaries from continuing operations was included in the accompanying consolidated financial statements, before elimination of balances with the Company and its subsidiaries, as of and for the years ended:


	As of December 31,
(In thousands)	2018	2019
Current assets:
Cash and cash equivalents	47,695	34,847
Short-term investments	10,272	292
Accounts receivable, net	20,168	30,686
Due from related parties	1,123	1,644
Inventories	12,332	5,330
Prepayments and other current assets	14,518	20,747
Total current assets	106,108	93,546
Non-current assets:
Equity method investments	18,325	5,337
Deferred tax assets	5,033	985
Property and equipment, net	14,604	19,956
Construction in progress	6,775	18,461
Intangible assets, net	9,991	9,426
Goodwill	20,717	20,382
Other long-term prepayments	593	313
Right-of-use assets	—	8,619
Retricted cash	—	2,983
Total non-current assets	76,038	86,462
Total assets	182,146	180,008
Current liabilities:
Accounts payable (note a)	48,276	45,162
Due to a related party	298	2
Contract liabilities and deferred income, current portion	29,794	31,988
Income tax payable	2,437	2,436
Accrued liabilities and other payables (note b)	158,288	191,406
Held-for-sale liabilities	3,309	—
Lease liabilities, current portion	—	4,621
Total current liabilities	242,402	275,615
Non-current liabilities:
Contract liabilities and deferred income, non-current portion	1,850	1,223
Deferred tax liabilities	1,366	1,179
Lease liabilities, non-current portion	—	4,073
Bank borrowings	—	11,324
Total non-current liabilities	3,216	17,799
Total liabilities	245,618	293,414

Note a: The balance included inter-companies balances with the Company and its subsidiaries of USD 25,703,000 and USD 19,875,000 as of December 31, 2018 and 2019, respectively.

Note b: The balance included inter-companies balances with the Company and its subsidiaries of USD 118,259,000 and USD 152,904,000 as of December 31, 2018 and 2019, respectively.


	Years ended December 31,
(In thousands)	2017	2018	2019
Net revenue from continuing operations	200,591	231,616	177,520
Net loss attributable to Xunlei Limited	(49,339)	(40,728)	(56,328)


	Years ended December 31,
(In thousands)	2017	2018	2019
Net cash (used in)/provided by operating activities	(6,992)	7,548	(16,047)
Net cash provided by/(used in) investing activities	13,463	(7,925)	(5,001)
Net cash provided by financing activities	1,180	2,096	11,707
	7,651	1,719	(9,341)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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