Consolidated Statements of Cash Flows (Unaudited)
(In thousands of USD)
|
Three Months Ended
March 31, |
Year
ended
December 31 | |||||||||||
| 2022 | 2023 | 2022 | ||||||||||
| Cash flow from operating activities: | ||||||||||||
| Net income (loss) | (33,288 | ) | 21,959 | (228,295 | ) | |||||||
| Adjustments: | ||||||||||||
| Depreciation and amortization | 1,141 | 1,423 | 7,283 | |||||||||
| Impairment losses on intangible assets | — | — | 31,045 | |||||||||
| Impairment losses on property plant and equipment | — | — | 9,478 | |||||||||
| Financing (income) expenses, net | 2,194 | (8,152 | ) | (1,769 | ) | |||||||
| Revaluation of financial liabilities accounted at fair value | (1,370 | ) | 191 | (4,516 | ) | |||||||
| Revaluation of financial assets accounted at fair value | — | (45,276 | ) | 62,791 | ||||||||
| Loss from disposal of property plant and equipment and ROU Assets | (3 | ) | 124 | 948 | ||||||||
| Increase in deferred tax | (461 | ) | (3 | ) | (581 | ) | ||||||
| Share-based compensation | 10,123 | 6,124 | 32,563 | |||||||||
| Other | 94 | 45 | 166 | |||||||||
| 11,718 | (45,524 | ) | 137,408 | |||||||||
| Changes in assets and liabilities: | ||||||||||||
| Increase in inventory | (468 | ) | (545 | ) | (4,603 | ) | ||||||
| Increase in other receivables | (851 | ) | (851 | ) | (1,978 | ) | ||||||
| Increase in trade receivables | (2,175 | ) | (3,708 | ) | (1,992 | ) | ||||||
| Increase in other payables | 1,724 | (528 | ) | 5,281 | ||||||||
| Increase (decrease) in employee benefits | 1,148 | (561 | ) | 1,497 | ||||||||
| Increase in trade payables | 729 | 1,805 | 628 | |||||||||
| 107 | (4,388 | ) | (1,167 | ) | ||||||||
| Net cash used in operating activities | (21,463 | ) | (27,953 | ) | (92,054 | ) | ||||||
| Cash flow from investing activities: | ||||||||||||
| Change in bank deposits and loans net | (21,907 | ) | (228,497 | ) | 141,555 | |||||||
| Interest received | 762 | 11,292 | 17,465 | |||||||||
| Change in restricted bank deposits | 20 | (271 | ) | (327 | ) | |||||||
| Acquisition of property plant and equipment | (1,975 | ) | (3,944 | ) | (9,388 | ) | ||||||
| Acquisition of subsidiaries, net of cash acquired | (18,124 | ) | — | (31,057 | ) | |||||||
| Payment of a liability to pay a contingent consideration of business combination | — | (3,960 | ) | (10,708 | ) | |||||||
| Acquisition of financial assets in fair value through profit and loss | — | — | (177,775 | ) | ||||||||
| Decrease in pledged deposit | — | — | 3,362 | |||||||||
| Other | — | — | (800 | ) | ||||||||
| Net cash used in investing activities | (41,224 | ) | (225,380 | ) | (67,673 | ) | ||||||
| Cash flow from financing activities: | ||||||||||||
| Lease payments | (796 | ) | (1,220 | ) | (4,151 | ) | ||||||
| Repayment Long-term Bank Debt | (80 | ) | (57 | ) | (406 | ) | ||||||
| Proceeds from non-controlling interests | — | — | 510 | |||||||||
| Amounts recognized in respect of government grants liability, net | (45 | ) | (85 | ) | (221 | ) | ||||||
| Payments of share price protection recognized in business combination | — | — | (1,005 | ) | ||||||||
| Repurchase of treasury shares | — | (18,392 | ) | — | ||||||||
| Net cash provided by (used in) financing activities | (921 | ) | (19,754 | ) | (5,273 | ) | ||||||
| Decrease in cash | (63,608 | ) | (273,087 | ) | (165,000 | ) | ||||||
| Cash at beginning of the year | 853,626 | 685,362 | 853,626 | |||||||||
| Effect of exchange rate fluctuations on cash | (1,877 | ) | (103 | ) | (3,264 | ) | ||||||
| Cash at end of the period | 788,141 | 412,172 | 685,362 | |||||||||
| Non-cash transactions: | ||||||||||||
| Property plant and equipment acquired on credit | 211 | 476 | 52 | |||||||||
| Recognition of a right-of-use asset | 11,237 | 127 | 15,196 | |||||||||
