XML 14 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Interim Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 35,784 $ 37,561 $ 79,949
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,406 1,849 4,094
Deferred tax expense 280 110 (777)
Amortization of debt issuance costs 547 547 1,094
Loss on disposal of fixed assets 233 0 0
Share based compensation expense 6,521 5,592 10,523
Change in provision for doubtful debts 0 0 (7)
Changes in operating assets and liabilities:      
Trade accounts receivable 1,829 (14,252) (21,984)
Inventories 171 (13,512) (9,518)
Due from related parties 0 (2) 0
Other assets (5,375) (2,079) (6,337)
Trade accounts payable (231) 1,244 (2,113)
Other current liabilities (9,449) (4,111) 2,875
Net cash provided by operating activities 32,716 12,947 57,799
Cash flows from investing activities:      
Redemption (investment) of short-term deposits 57,000 (179,000) (95,500)
Investment of long-term deposits 0 (15,000) (47,000)
Purchase of fixed assets (4,782) (3,786) (8,197)
Purchase of intangible assets (60) (28) (97)
Net cash provided by (used in) investing activities 52,158 (197,814) (150,794)
Cash flows from financing activities:      
Proceeds from exercise of share options 0 2 3
Net cash provided by financing activities 0 2 3
Effect of change in exchange rate on cash and cash equivalents (243) (1,037) (795)
Net increase (decrease) in cash and cash equivalents 84,631 (185,902) (93,787)
Cash and cash equivalents at beginning of the period 148,156 241,943 241,943
Cash and cash equivalents at end of the period 232,787 56,041 148,156
Supplementary cash flows information:      
Income taxes paid 9,626 454 11,836
Interest received 6,911 1,030 4,293
Lease payments 735 689 1,480
Non-cash transactions:      
Fixed assets purchased with supplier credit $ 371 $ 680 $ 569