XML 60 R37.htm IDEA: XBRL DOCUMENT
v3.21.1

Additional information: condensed financial statements of the Company | 12 Months Ended
--- | ---
Dec. 31, 2020
Additional information: condensed financial statements of the Company |
Additional information: condensed financial statements of the Company | 31. 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. ​ 31. Additional information: condensed financial statements of the Company (Continued) The Company did not have significant other commitments, long-term obligations, or guarantees as of December 31, 2020. Condensed Balance Sheets ​
​ | ​ | ​ | ​ | ​
(In thousands) |  | December 31, 2019 |  | December 31, 2020
Assets | ​ | ​ | ​ | ​
Current assets: | ​ | ​ | ​ | ​
Cash and cash equivalents |  | 7,683 |  | 57,585
Short-term investments | ​ | 102,555 | ​ | 47,525
Due from subsidiaries and consolidated VIEs |  | 277,241 |  | 279,043
Prepayments and other current assets |  | 274 |  | 860
Total current assets |  | 387,753 |  | 385,013
Non-current assets: |  | ​ |  | ​
Investments in subsidiaries and consolidated VIEs |  | (79,165) |  | (79,936)
Total assets |  | 308,588 |  | 305,077
Liabilities |  | ​ |  | ​
Current liabilities: |  | ​ |  | ​
Accounts payable |  | 55 |  | 55
Due to subsidiaries and consolidated VIEs |  | 9,737 |  | 10,750
Contract liabilities and deferred income, current portion |  | 1 |  | 1
Accrued liabilities and other payables |  | 1,918 |  | 2,118
Total current liabilities |  | 11,711 |  | 12,924
Total liabilities |  | 11,711 |  | 12,924
Commitments and contingencies |  | ​ |  | ​
Shareholders’ equity |  | ​ |  | ​
Common shares |  | 85 |  | 84
Treasury shares (29,711,964 shares and 34,475,224 shares as of December 31, 2019 and 2020, respectively) |  | 7 |  | 8
Other shareholders’ equity |  | 296,785 |  | 292,061
Total Xunlei Limited’s shareholders’ equity |  | 296,877 |  | 292,153
Total liabilities and shareholders’ equity |  | 308,588 |  | 305,077
​ ​ 31. Additional information: condensed financial statements of the Company (Continued) Condensed Statements of Operations
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended December 31,
(In thousands) |  | 2018 |  | 2019 |  | 2020
Operating expenses |  |  |  |  |  |
Sales and marketing expenses |  | — |  | (1) |  | —
General and administrative expenses |  | (1,483) |  | (1,247) |  | (1,438)
Total operating expenses |  | (1,483) |  | (1,248) |  | (1,438)
Operating loss |  | (1,483) |  | (1,248) |  | (1,438)
Interest income |  | 879 |  | 1,496 |  | 2
Interest expense |  | (239) |  | (75) |  | (399)
Other income, net |  | 4,646 |  | 4,712 |  | 2,455
(Loss)/profit from subsidiaries and consolidated VIE |  |  |  | ​ |  | ​
- Continuing operations |  | (43,221) |  | (57,787) |  | (14,361)
- Discontinued operations |  | 139 |  | — |  | —
Loss before income tax |  | (39,279) |  | (52,902) |  | (13,741)
Income tax expenses |  | — |  | (267) |  | (99)
Net loss |  | (39,279) |  | (53,169) |  | (13,840)
Net loss attributable to Xunlei Limited’s common shareholders |  | (39,279) |  | (53,169) |  | (13,840)
​ Condensed Statements of Cash Flows
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended December 31,
(In thousands) |  | 2018 |  | 2019 |  | 2020
Cash flows from operating activities |  |  |  |  |  |
Net cash used in operating activities |  | (88,309) |  | (171,796) |  | (12,704)
Cash flows from investing activities |  |  |  | ​ |  | ​
Net cash generated from investing activities |  | 37,788 |  | 52,359 |  | 12,051
Cash flows from financing activities |  |  |  | ​ |  | ​
Net cash used in financing activities |  | — |  | — |  | (4,475)
Net decrease in cash and cash equivalents |  | (50,521) |  | (119,437) |  | (5,128)
Cash and cash equivalents at beginning of year |  | 280,196 |  | 229,675 |  | 110,238
Effect of exchange rates on cash and cash equivalents |  | — |  | — |  | —
Cash and cash equivalents at end of year |  | 229,675 |  | 110,238 |  | 105,110
​

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 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 Reference 3: 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(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration