10-Q Filing

MP MATERIALS CORP. / DE CIK: 1801368 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001801368-22-000030`
Period End Date	20220630
Filing Date	20220805
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	mp-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 80 Cash Flow Statement 89 Stockholders Equity 32 Comprehensive Income 12

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized (shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, authorized (shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$664.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.20B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18B	USD	Point-in-time
Preferred stock, issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$599.67M	USD	Point-in-time
Preferred stock, issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	-	USD	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$1.26B	USD	Point-in-time
Preferred shares, outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred shares, outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$1.18B	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (including related party), net of allowance for credit losses of $0 and $0, respectively	`AccountsReceivableRelatedPartiesCurrent`	$51.01M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (including related party), net of allowance for credit losses of $0 and $0, respectively	`AccountsReceivableRelatedPartiesCurrent`	$32.75M	USD	Point-in-time
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Inventories	`InventoryNet`	$42.24M	USD	Point-in-time
Inventories	`InventoryNet`	$38.69M	USD	Point-in-time
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	177.53M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$4.27M	USD	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	177.82M	shares	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	177.53M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.81M	USD	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	177.82M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.35B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.28B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$610.61M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$749.85M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.52M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.25M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$752.37M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$612.86M	USD	Point-in-time
Total assets	`Assets`	$2.10B	USD	Point-in-time
Total assets	`Assets`	$1.89B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$35.73M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$62.10M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$3.46M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Current installments of long-term debtrelated party	`LongTermDebtCurrentMaturitiesRelatedParties`	-	USD	Point-in-time
Current installments of long-term debtrelated party	`LongTermDebtCurrentMaturitiesRelatedParties`	$16.08M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.26M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$59.54M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$17.61M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$18.16M	USD	Point-in-time
Environmental obligations	`AccruedEnvironmentalLossContingenciesNoncurrent`	$16.59M	USD	Point-in-time
Environmental obligations	`AccruedEnvironmentalLossContingenciesNoncurrent`	$16.60M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$674.93M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$676.68M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$104.50M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$146.61M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$6.32M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$7.75M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$864.36M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$821.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$930.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$880.93M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock ($0.0001 par value, 50,000,000 shares authorized, none issued and outstanding in either period)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock ($0.0001 par value, 50,000,000 shares authorized, none issued and outstanding in either period)	`PreferredStockValue`	-	USD	Point-in-time
Common stock ($0.0001 par value, 450,000,000 shares authorized, 177,534,132 and 177,816,554 shares issued and outstanding, as of June 30, 2022, and December 31, 2021, respectively)	`CommonStockValue`	$18.00K	USD	Point-in-time
Common stock ($0.0001 par value, 450,000,000 shares authorized, 177,534,132 and 177,816,554 shares issued and outstanding, as of June 30, 2022, and December 31, 2021, respectively)	`CommonStockValue`	$18.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$936.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$939.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$231.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$72.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-416.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$875.16M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.17B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.01B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$853.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$906.62M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.09B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.89B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.10B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Product sales (including related party)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$132.26M	USD	2 Qtrs
Product sales (including related party)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$72.52M	USD	1 Quarter
Product sales (including related party)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$139.18M	USD	1 Quarter
Product sales (including related party)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$300.94M	USD	2 Qtrs
Other sales (including related party)	`RevenueNotFromContractWithCustomer`	$596.00K	USD	1 Quarter
Other sales (including related party)	`RevenueNotFromContractWithCustomer`	$828.00K	USD	2 Qtrs
Other sales (including related party)	`RevenueNotFromContractWithCustomer`	$8.88M	USD	2 Qtrs
Other sales (including related party)	`RevenueNotFromContractWithCustomer`	$4.38M	USD	1 Quarter
Total revenue	`Revenues`	$133.09M	USD	2 Qtrs
Total revenue	`Revenues`	$73.12M	USD	1 Quarter
Total revenue	`Revenues`	$143.56M	USD	1 Quarter
Total revenue	`Revenues`	$309.82M	USD	2 Qtrs
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$45.27M	USD	2 Qtrs
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$17.95M	USD	1 Quarter
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$35.89M	USD	2 Qtrs
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$22.09M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.22M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$26.11M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.65M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$38.79M	USD	2 Qtrs
Advanced projects, development and other	`AdvancedProjectsDevelopmentAndOtherExpense`	$3.49M	USD	2 Qtrs
Advanced projects, development and other	`AdvancedProjectsDevelopmentAndOtherExpense`	$1.11M	USD	2 Qtrs
Advanced projects, development and other	`AdvancedProjectsDevelopmentAndOtherExpense`	$984.00K	USD	1 Quarter
Advanced projects, development and other	`AdvancedProjectsDevelopmentAndOtherExpense`	$1.67M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$12.82M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$10.67M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.67M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$5.41M	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$1.19M	USD	2 Qtrs
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$592.00K	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$837.00K	USD	2 Qtrs
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$419.00K	USD	1 Quarter
Write-down of inventories	`InventoryWriteDown`	$1.81M	USD	1 Quarter
Write-down of inventories	`InventoryWriteDown`	-	USD	1 Quarter
Write-down of inventories	`InventoryWriteDown`	-	USD	2 Qtrs
Write-down of inventories	`InventoryWriteDown`	$1.81M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$99.04M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$78.92M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$40.65M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$47.81M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$54.17M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$32.47M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$95.75M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$210.78M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-3.79M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-3.23M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-2.64M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.33M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$2.41M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$3.50M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$3.56M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$2.21M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$33.33M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$53.94M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$209.95M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$96.64M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$10.65M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$6.16M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$23.37M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$51.13M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$158.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$27.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$73.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.28M	USD	2 Qtrs
Basic EPS (in USD per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic EPS (in USD per share)	`EarningsPerShareBasic`	$0.25	USD	2 Qtrs
Basic EPS (in USD per share)	`EarningsPerShareBasic`	$0.90	USD	2 Qtrs
Basic EPS (in USD per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Diluted EPS (in USD per share)	`EarningsPerShareDiluted`	$0.24	USD	2 Qtrs
Diluted EPS (in USD per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Diluted EPS (in USD per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted EPS (in USD per share)	`EarningsPerShareDiluted`	$0.83	USD	2 Qtrs
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	176.53M	shares	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	172.68M	shares	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	170.81M	shares	2 Qtrs
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	176.44M	shares	2 Qtrs
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.41M	shares	1 Quarter
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	186.28M	shares	2 Qtrs
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.45M	shares	2 Qtrs
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.15M	shares	1 Quarter

Cash Flow Statement 89 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$158.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$27.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$73.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.28M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$12.82M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$10.67M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.67M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$5.41M	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$1.19M	USD	2 Qtrs
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$592.00K	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$837.00K	USD	2 Qtrs
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$419.00K	USD	1 Quarter
Accretion of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.01M	USD	2 Qtrs
Accretion of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	-	USD	2 Qtrs
Gain on forgiveness of Paycheck Protection Loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on forgiveness of Paycheck Protection Loan	`GainsLossesOnExtinguishmentOfDebt`	$3.40M	USD	2 Qtrs
Loss on sale or disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-37.00K	USD	2 Qtrs
Loss on sale or disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-258.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$17.21M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$10.17M	USD	2 Qtrs
Accretion of debt discount and amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.29M	USD	2 Qtrs
Accretion of debt discount and amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.27M	USD	2 Qtrs
Write-down of inventories	`InventoryWriteDown`	$1.81M	USD	1 Quarter
Write-down of inventories	`InventoryWriteDown`	-	USD	1 Quarter
Write-down of inventories	`InventoryWriteDown`	-	USD	2 Qtrs
Write-down of inventories	`InventoryWriteDown`	$1.81M	USD	2 Qtrs
Revenue recognized in exchange for debt principal reduction	`ContractWithCustomerLiabilityRelatedPartiesRevenueRecognizedForDebtPrincipalReduction`	$22.90M	USD	2 Qtrs
Revenue recognized in exchange for debt principal reduction	`ContractWithCustomerLiabilityRelatedPartiesRevenueRecognizedForDebtPrincipalReduction`	$13.57M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-8.11M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-42.11M	USD	2 Qtrs
Accounts receivable (including related party)	`IncreaseDecreaseInAccountsReceivable`	$-18.26M	USD	2 Qtrs
Accounts receivable (including related party)	`IncreaseDecreaseInAccountsReceivable`	$4.59M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.55M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$5.04M	USD	2 Qtrs
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$4.27M	USD	2 Qtrs
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	2 Qtrs
Prepaid expenses, other current and non-current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.44M	USD	2 Qtrs
Prepaid expenses, other current and non-current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.97M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.24M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.48M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.46M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.45M	USD	2 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-675.00K	USD	2 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-511.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$219.86M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.97M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.69M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$122.58M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$599.20M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$125.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from government awards used for construction	`ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment`	$5.13M	USD	2 Qtrs
Proceeds from government awards used for construction	`ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.57M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-716.65M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	$690.00M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	2 Qtrs
Principal payments on debt obligations and finance leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$990.00K	USD	2 Qtrs
Principal payments on debt obligations and finance leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$4.49M	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$17.75M	USD	2 Qtrs
Tax withholding on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.30M	USD	2 Qtrs
Tax withholding on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$527.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-244.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$670.49M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.78M	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$673.89M	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-515.57M	USD	2 Qtrs
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$665.59M	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.44M	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.18B	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.21B	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$665.59M	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.44M	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.18B	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.21B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$664.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.20B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18B	USD	Point-in-time
Restricted cash, current	`RestrictedCashCurrent`	$600.00K	USD	Point-in-time
Restricted cash, current	`RestrictedCashCurrent`	$340.00K	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	$9.12M	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	$529.00K	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$665.59M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.44M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.18B	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.21B	USD	Point-in-time

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$875.16M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.17B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.01B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$853.88M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$906.62M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.09B	USD	Point-in-time
Redemption of Public Warrants	`StockIssuedDuringPeriodValueWarrants`	$-1.00K	USD	2 Qtrs
Redemption of Public Warrants	`StockIssuedDuringPeriodValueWarrants`	$-1.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.72M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.90M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.50M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.17M	USD	2 Qtrs
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$193.00K	USD	1 Quarter
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$527.00K	USD	2 Qtrs
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.30M	USD	2 Qtrs
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$202.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$158.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$27.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$73.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.28M	USD	2 Qtrs
Net unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-416.00K	USD	2 Qtrs
Net unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Net unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-416.00K	USD	1 Quarter
Net unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Other	`StockholdersEquityOther`	$180.00K	USD	2 Qtrs
Other	`StockholdersEquityOther`	$2.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$875.16M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.17B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.01B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$853.88M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$906.62M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.09B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$158.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$27.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$73.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.28M	USD	2 Qtrs
Net unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-416.00K	USD	2 Qtrs
Net unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Net unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-416.00K	USD	1 Quarter
Net unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$72.85M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.17M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$43.28M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$158.40M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.