|
Consolidated Statements of Cash Flows
(In thousands of U.S dollars) | |||||||||||
|
For the Year Ended
December 31, |
Three Months Ended
December 31, | ||||||||||
| 2022 | 2023 | 2022 | 2023 | ||||||||
| Cash flow from operating activities: | |||||||||||
| Net loss | (228,295 | ) | (55,660 | ) | (87,900 | ) | (1,340 | ) | |||
| Adjustments: | |||||||||||
| Depreciation and amortization | 7,283 | 6,544 | 1,199 | 1,993 | |||||||
| Impairment losses | 40,523 | — | 40,523 | — | |||||||
| Financing income net | (1,769 | ) | (46,281 | ) | (10,858 | ) | (19,606 | ) | |||
| Revaluation of financial liabilities accounted at fair value | (4,516 | ) | 461 | 335 | (7 | ) | |||||
| Revaluation of financial assets accounted at fair value | 62,791 | (23,462 | ) | 24,723 | (6,495 | ) | |||||
| Loss (gain) from disposal of property plant and equipment and right-of-use assets | 948 | 326 | 857 | (7 | ) | ||||||
| (Increase) decrease in deferred tax | (581 | ) | (11 | ) | 860 | 84 | |||||
| Share-based payments | 32,563 | 20,101 | 5,926 | 4,291 | |||||||
| Other | 166 | 164 | 45 | 43 | |||||||
| 137,408 | (42,158 | ) | 63,610 | (19,704 | ) | ||||||
| Changes in assets and liabilities: | — | ||||||||||
| (Increase) decrease in inventory | (4,603 | ) | (340 | ) | (1,219 | ) | 2,913 | ||||
| Increase in other receivables | (1,978 | ) | (5,775 | ) | (5,552 | ) | (7,434 | ) | |||
| Increase in trade receivables | (1,992 | ) | (5,603 | ) | (231 | ) | (1,652 | ) | |||
| Increase in other payables | 5,281 | 4,856 | 3,948 | 1,948 | |||||||
| Increase (decrease) in employee benefits | 1,497 | (1,478 | ) | 396 | (486 | ) | |||||
| Increase (decrease) in trade payables | 628 | 1,089 | 670 | (3,653 | ) | ||||||
| (1,167 | ) | (7,251 | ) | (1,988 | ) | (8,364 | ) | ||||
| Net cash used in operating activities | (92,054 | ) | (105,069 | ) | (26,278 | ) | (29,408 | ) | |||
| Cash flow from investing activities: | |||||||||||
| Change in bank deposits | 141,555 | (189,060 | ) | 328,967 | (152,044 | ) | |||||
| Interest received | 17,465 | 41,529 | 12,831 | 11,725 | |||||||
| Change in restricted bank deposits | (327 | ) | (27 | ) | (311 | ) | 11 | ||||
| Acquisition of property plant and equipment | (9,388 | ) | (9,098 | ) | (3,329 | ) | (32 | ) | |||
| Acquisition of intangible asset | — | (1,524 | ) | — | — | ||||||
| Acquisition of subsidiaries, net of cash acquired | (31,057 | ) | — | 1 | — | ||||||
| Payment of a liability for contingent consideration in a business combination | (10,708 | ) | (9,255 | ) | — | — | |||||
| Acquisition of financial assets in fair value through profit and loss | (177,775 | ) | — | — | — | ||||||
| Decrease in deposit in escrow | 3,362 | — | 3,362 | — | |||||||
| Other | (800 | ) | 835 | (800 | ) | 835 | |||||
| Net cash from (used in) investing activities | (67,673 | ) | (166,600 | ) | 340,721 | (139,505 | ) | ||||
| Cash flow from financing activities: | |||||||||||
| Lease payments | (4,151 | ) | (4,823 | ) | (1,063 | ) | (1,183 | ) | |||
| Repayment long-term bank debt | (406 | ) | (536 | ) | (103 | ) | (343 | ) | |||
| Proceeds from non-controlling interests | 510 | 1,089 | — | 539 | |||||||
| Amounts recognized in respect of government grants liability | (221 | ) | (298 | ) | (89 | ) | (73 | ) | |||
| Payments of share price protection recognized in business combination | (1,005 | ) | (4,459 | ) | (261 | ) | (2,679 | ) | |||
| Repurchase of treasury shares | — | (96,387 | ) | — | (10,661 | ) | |||||
| Net cash used in financing activities | (5,273 | ) | (105,414 | ) | (1,516 | ) | (14,400 | ) | |||
| Increase (decrease) in cash and cash equivalents | (165,000 | ) | (377,083 | ) | 312,927 | (183,313 | ) | ||||
| Cash and cash equivalents at beginning of the year | 853,626 | 685,362 | 370,197 | 489,323 | |||||||
| Effect of exchange rate fluctuations on cash | (3,264 | ) | 1,292 | 2,238 | 3,561 | ||||||
| Cash and cash equivalents at end of the year | 685,362 | 309,571 | 685,362 | 309,571 | |||||||
| Non-cash transactions: | |||||||||||
| Intangible asset acquired on credit | — | 711 | — | — | |||||||
| Property plant and equipment acquired on credit | 52 | 214 | (457 | ) | 515 | ||||||
| Repurchase of treasury shares on credit | — | — | — | (2,140 | ) | ||||||
| Recognition of a right-of-use asset | 15,196 | 929 | 3,660 | 730 | |||||||
