Company: ZLAB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001704292-25-000024
Chunk: 40

Company: Zai Lab Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 notes are an integral part of these unaudited condensed consolidated financial statements. “0” in above table means less than 1,000 dollars. 

6

Zai Lab Limited 

Unaudited Condensed Consolidated Statements of Cash Flows 

(in thousands of $) 

Nine Months EndedSeptember 30,20252024Cash flows from operating activitiesNet loss(125,128)(175,419)Adjustments to reconcile net loss to net cash used in operating activities:  Allowance for credit losses— (3)Inventory write-down919 814 Depreciation and amortization expenses11,094 8,824 Amortization of deferred income(3,991)(2,518)Share-based compensation49,696 53,413 Loss from fair value changes of equity investment with readily determinable fair value1,912 6,067 Losses on disposal of property and equipment235 451 Noncash lease expenses7,249 6,104 Debt issuance costs194 700 Foreign currency remeasurement impact(9,909)(8,281)Changes in operating assets and liabilities:  Accounts receivable726 9,712 Notes receivable(15,223)(12,901)Inventories(28,112)4,403 Prepayments and other current assets(1,789)(10,767)Other non-current assets599 (989)Accounts payable(426)6,545 Other current liabilities(6,769)(36,854)Operating lease liabilities(6,405)(6,853)Deferred income361 (1,548)Net cash used in operating activities(124,767)(159,100)Cash flows from investing activities  Proceeds from maturity of short-term investment330,000 16,300 Proceeds from the sale of equity investment1,203 — Purchases of property and equipment(7,424)(3,057)Proceeds from the sale of property and equipment85 29 Acquisition of intangible assets(4,702)(40,711)Net cash provided by (used in) investing activities319,162 (27,439)Cash flows from financing activities  Proceeds from short-term debt185,564 111,738 Repayment of short-term bank borrowings (116,941)(282)Payments of debt issuance costs(194)(700)Proceeds from exercises of stock options13,426 1,321 Payments of public