v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 86,123 $ 106,015
Restricted cash, current 4,314 1,185
Short-term investments 106,520 108,805
Accounts receivable, net 22,252 31,447
Prepayments and other current assets 67,724 109,047
Loans receivable, net 32,373 46,662
Amounts due from related parties 1,045 4,270
Total current assets 320,351 407,431
Non-current assets:    
Property and equipment, net 469,360 635,453
Deferred tax assets 17,208 4,944
Restricted cash, non-current portion   3,159
Long-term investments 104,526 97,857
Long-term time deposits 1,412  
Right-of-use assets 16,161 31,094
Other non-current assets 17,993 28,985
Total non-current assets 626,660 801,492
Total assets 947,011 1,208,923
Current liabilities:    
Short-term loans and current portion of long-term loans 17,515 42,978
Bond payable 50,590 103,380
Deferred revenue 56,343 49,763
Accrued expenses and other liabilities 54,216 66,858
Income tax payable 1,468 898
Amounts due to related parties 34,676 90,526
Total current liabilities 214,808 354,403
Non-current liabilities:    
Long-term loans, less current portion 167,570 59,823
Deferred tax liabilities 62,742 62,591
Other non-current liabilities 117,994 140,302
Total non-current liabilities 348,306 262,716
Total liabilities 563,114 617,119
Commitments and contingencies
Shareholders' equity:    
Additional paid-in capital 545,364 545,173
Accumulated other comprehensive loss (37,408) (9,031)
Retained earnings (accumulated deficit) (25,144) 154,577
Less: Treasury shares (5,755,007 shares as of December 31, 2022 and 2023, respectively.) (111,283) (111,283)
Total shareholders' equity 383,897 591,804
Total liabilities and shareholders' equity 947,011 1,208,923
Common Class A    
Shareholders' equity:    
Ordinary shares 9,244 9,244
Common Class B    
Shareholders' equity:    
Ordinary shares $ 3,124 $ 3,124