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Additional information: condensed financial statements of the Company (Tables)

12 Months Ended

Dec. 31, 2020

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