Company: ZLAB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008409
Chunk: 23

Company: Zai Lab Ltd
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 23
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 Limited 

Consolidated Statements of Cash Flows 

(in thousands of $) 

Year Ended December 31,202420232022Cash flows from operating activitiesNet loss(257,103)(334,620)(443,286)Adjustments to reconcile net loss to net cash used in operating activities:Allowance for credit losses8 6 1 Inventory write-down815 973 477 Depreciation and amortization expenses11,856 9,029 8,227 Impairment of property and equipment— 57 — Amortization of deferred income(3,520)(3,383)(2,602)Share-based compensation70,651 79,634 61,302 Share of loss from equity method investment— — 221 Loss (gain) from fair value changes of equity investment with readily determinable fair value6,105 (2,789)8,952 Losses on disposal of property and equipment453 159 560 Gain on disposal of land use right— (408)— Noncash lease expenses8,419 8,708 8,350 Gain from sale of intellectual property— (10,000)— Foreign currency remeasurement impact15,137 14,850 56,403 Amortization of debt issuance cost700 — — Changes in operating assets and liabilities:Accounts receivable(26,975)(20,040)4,330 Notes receivable1,762 2,352 (1,976)Inventories3,896 (14,907)(15,382)Prepayments and other current assets(18,729)12,246 (19,258)Long-term deposits(75)187 (527)Value added tax recoverable(1,367)— 22,781 Accounts payable(2,209)36,803 (53,773)Other current liabilities(22,022)19,810 7,392 Operating lease liabilities(9,259)(8,351)(8,455)Deferred income6,588 11,181 (1,379)Other non-current liabilities— 325 — Net cash used in operating activities(214,869)(198,178)(367,642)Cash flows from investing activitiesPurchases of short-term investments(330,000)(134,000)(260,274)Proceeds from maturity of short-term investment16,300 117,700 705