v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flow from operating activities:      
Net loss $ (99,858) $ (57,075) $ (229,942)
Adjustments:      
Depreciation and amortization 2,642 1,972 3,714
Impairment losses 1,283   40,523
Financing income (expenses), net (41,993) (47,678) 138
Interest received 42,806 41,529 17,465
Revaluation of financial liabilities accounted at fair value 88 461 (4,516)
Changes in fair value of equity securities 52,256 (23,462) 62,791
Loss from disposal of property plant and equipment and right-of-use assets 67 326 948
Increase in deferred tax   (11) (581)
Share-based payments 15,721 22,110 31,214
Other 330 418 454
Total noncash adjustments 73,200 (4,335) 152,150
Changes in assets and liabilities:      
(Increase) decrease in inventory 387 (340) (4,603)
Decrease (increase) in other receivables 6,078 (5,775) (1,978)
Decrease (increase) in trade receivables 2,950 (5,603) (1,992)
Increase (decrease) in other payables (1,150) 4,856 5,279
Increase (decrease) in employee benefits (562) (1,478) 1,497
Increase in trade payables 47 1,089 628
Total changes in assets and liabilities 7,750 (7,251) (1,169)
Net cash used in operating activities (18,908) (68,661) (78,961)
Cash flow from investing activities:      
Change in bank deposits 100,530 (189,060) 141,555
Change in restricted bank deposits (377) (27) (327)
Purchase of property plant and equipment (2,196) (9,098) (9,388)
Acquisition of intangible asset (711) (1,524)  
Acquisition of subsidiaries, net of cash acquired     (31,057)
Acquisition of marketable securities     (177,775)
Decrease in deposit in escrow     3,362
Other   835 (800)
Net cash from (used in) investing activities 97,246 (198,874) (74,430)
Cash flow from financing activities:      
Repayment long-term bank debt (180) (536) (406)
Proceeds from non-controlling interests 555 1,089 510
Payment of a liability for contingent consideration in a business combination   (9,255) (10,708)
Payments of share price protection recognized in business combination (363) (4,459) (1,005)
Repurchase of treasury shares (69,755) (96,387)  
Net cash used in financing activities (69,743) (109,548) (11,609)
Increase (decrease) in cash and cash equivalents 8,595 (377,083) (165,000)
Cash and cash equivalents at beginning of the year 309,571 685,362 853,626
Effect of exchange rate fluctuations on cash (997) 1,292 (3,264)
Cash and cash equivalents at end of the year 317,169 309,571 685,362
Non-cash activity:      
Intangible asset acquired on credit   711  
Property plant and equipment acquired on credit 69 214 52
Lease liabilities arising from obtaining right of use assets 1,275 929 15,196
Supplemental disclosure of cash flow information:      
Income taxes paid during the year $ 314 $ 136 $ 620