Zai Lab Limited (ZLAB)

Zai Lab Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	757.26	449.67	790.15	1,008	964.1	442.12
Short-Term Investments	-	330	16.3	-	445	744.68
Cash & Short-Term Investments	757.26	779.67	806.45	1,008	1,409	1,187
Cash Growth	16.36%	-3.32%	-20.03%	-28.43%	18.73%	330.10%
Receivables	87.67	89.41	65.33	48.57	54.81	5.17
Inventory	53.05	39.88	44.83	31.62	18.95	13.14
Restricted Cash	100	100	-	-	-	-
Other Current Assets	43.88	41.53	23	35.67	18.02	10.94
Total Current Assets	1,042	1,050	939.61	1,124	1,501	1,216
Property, Plant & Equipment	68.74	69.46	68.58	77.38	57.29	46.86
Long-Term Investments	-	3.12	9.22	6.43	15.61	1.28
Other Intangible Assets	59.08	58.93	16.46	8.4	9.66	9.44
Other Long-Term Assets	3.65	3.77	2.43	3.6	26.52	24.02
Total Assets	1,173	1,186	1,036	1,220	1,610	1,298
Accounts Payable	103.02	100.91	112.99	65.97	126.16	62.64
Accrued Expenses	27.42	46.77	58.16	44.21	45.01	23.89
Short-Term Debt	173.41	131.71	-	-	-	-
Current Portion of Leases	6.57	8.05	7.1	7.05	5.93	5.21
Current Income Taxes Payable	3.77	5.15	16.99	13.28	8.82	0.95
Other Current Liabilities	5.63	6.8	7.83	9.32	6.99	5.36
Total Current Liabilities	319.81	299.39	203.07	139.84	192.9	98.04
Long-Term Leases	12.32	13.71	8.05	13.34	9.61	13.39
Long-Term Unearned Revenue	30.13	31.43	28.74	21.36	27.49	16.86
Other Long-Term Liabilities	0.33	0.33	0.33	-	-	-
Total Liabilities	362.58	344.86	240.18	174.55	230	128.29
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	3,284	3,264	2,975	2,893	2,826	1,897
Retained Earnings	-2,502	-2,453	-2,196	-1,861	-1,418	-713.6
Treasury Stock	-20.84	-20.84	-20.84	-11.86	-4.28	-
Comprehensive Income & Other	49.3	50.52	37.63	25.69	-23.65	-14.52
Total Common Equity	810.75	840.9	796.12	1,046	1,380	1,169
Shareholders' Equity	810.75	840.9	796.12	1,046	1,380	1,169
Total Liabilities & Equity	1,173	1,186	1,036	1,220	1,610	1,298
Total Debt	192.3	153.47	15.15	20.39	15.54	18.6
Net Cash (Debt)	564.97	626.2	791.3	988.08	1,394	1,168
Net Cash Growth	-3.82%	-20.87%	-19.91%	-29.10%	19.29%	359.64%
Net Cash Per Share	5.56	6.33	8.19	10.31	14.99	15.04
Filing Date Shares Outstanding	108.47	107.58	98.72	96.02	96.41	88.59
Total Common Shares Outstanding	108.42	107.77	97.22	96.02	95.5	87.81
Working Capital	722.06	751.1	736.54	984.49	1,308	1,118
Book Value Per Share	7.48	7.80	8.19	10.89	14.45	13.32
Tangible Book Value	751.67	781.96	779.66	1,037	1,370	1,160
Tangible Book Value Per Share	6.93	7.26	8.02	10.80	14.35	13.21
Machinery	48.99	48.65	48.23	44.38	37.76	27.35
Construction In Progress	4.27	25.13	24.27	24.25	11.33	2.42
Leasehold Improvements	11.32	11.31	11.37	11.3	10.43	9.64

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q