Zai Lab Limited (ZLAB)

Zai Lab Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	616.09	790.15	1,008	964.1	442.12	75.93
Short-Term Investments	-	16.3	-	445	744.68	200
Cash & Short-Term Investments	616.09	806.45	1,008	1,409	1,187	275.93
Cash Growth	-24.90%	-20.03%	-28.43%	18.73%	330.10%	4.80%
Receivables	69.25	65.33	48.57	54.81	5.17	3.79
Inventory	39.55	44.83	31.62	18.95	13.14	6.01
Other Current Assets	35.67	23	35.67	18.02	10.94	6.74
Total Current Assets	860.55	939.61	1,124	1,501	1,216	292.46
Property, Plant & Equipment	63.6	68.58	77.38	57.29	46.86	36.42
Long-Term Investments	3.15	9.22	6.43	15.61	1.28	2.4
Other Intangible Assets	54.68	16.46	8.4	9.66	9.44	8.8
Other Long-Term Assets	3.37	2.43	3.6	26.52	24.02	15.06
Total Assets	985.35	1,036	1,220	1,610	1,298	355.15
Accounts Payable	120.65	112.99	65.97	126.16	62.64	22.66
Accrued Expenses	36.86	58.16	44.21	45.01	23.89	10.36
Short-Term Debt	112.99	-	-	-	-	6.45
Current Portion of Leases	6.59	7.1	7.05	5.93	5.21	4.35
Current Income Taxes Payable	3.76	16.99	13.28	8.82	0.95	-
Other Current Liabilities	5.47	7.83	9.32	6.99	5.36	2.81
Total Current Liabilities	286.32	203.07	139.84	192.9	98.04	46.64
Long-Term Leases	6.11	8.05	13.34	9.61	13.39	10.98
Long-Term Unearned Revenue	24.92	28.74	21.36	27.49	16.86	2.88
Other Long-Term Liabilities	0.33	0.33	-	-	-	-
Total Liabilities	317.68	240.18	174.55	230	128.29	60.49
Common Stock	0.01	0.01	0.01	0.01	0.01	0
Additional Paid-In Capital	3,032	2,975	2,893	2,826	1,897	734.73
Retained Earnings	-2,371	-2,196	-1,861	-1,418	-713.6	-444.7
Treasury Stock	-20.84	-20.84	-11.86	-4.28	-	-
Comprehensive Income & Other	28.27	37.63	25.69	-23.65	-14.52	4.62
Total Common Equity	667.67	796.12	1,046	1,380	1,169	294.66
Shareholders' Equity	667.67	796.12	1,046	1,380	1,169	294.66
Total Liabilities & Equity	985.35	1,036	1,220	1,610	1,298	355.15
Total Debt	125.69	15.15	20.39	15.54	18.6	21.78
Net Cash (Debt)	490.39	791.3	988.08	1,394	1,168	254.15
Net Cash Growth	-38.98%	-19.92%	-29.10%	19.29%	359.64%	-2.12%
Net Cash Per Share	5.03	8.19	10.31	14.99	15.04	3.95
Filing Date Shares Outstanding	99.12	98.72	96.02	96.41	88.59	74.68
Total Common Shares Outstanding	98.44	97.22	96.02	95.5	87.81	68.24
Working Capital	574.23	736.54	984.49	1,308	1,118	245.83
Book Value Per Share	6.78	8.19	10.89	14.45	13.32	4.32
Tangible Book Value	612.99	779.66	1,037	1,370	1,160	285.86
Tangible Book Value Per Share	6.23	8.02	10.80	14.35	13.21	4.19
Machinery	49.52	48.23	44.38	37.76	27.35	18.86
Construction In Progress	26.05	24.27	24.25	11.33	2.42	0.43
Leasehold Improvements	11.54	11.37	11.3	10.43	9.64	7.53

Source: S&P Capital IQ. Standard template. Financial Sources.