10-Q Filing

MP MATERIALS CORP. / DE CIK: 1801368 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001801368-23-000020`
Period End Date	20230331
Filing Date	20230505
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	mp-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 36 Cash Flow Statement 73 Stockholders Equity 16 Comprehensive Income 6

Balance Sheet 85 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.23B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$651.22M	USD	Point-in-time
Preferred stock, authorized (shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$1.05B	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$517.83M	USD	Point-in-time
Preferred stock, issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$1.17B	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
Accounts receivable (including related party), net of allowance for credit losses of $0 and $0, respectively	`AccountsReceivableNetCurrent`	$32.86M	USD	Point-in-time
Accounts receivable (including related party), net of allowance for credit losses of $0 and $0, respectively	`AccountsReceivableNetCurrent`	$21.25M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Inventories	`InventoryNet`	$57.55M	USD	Point-in-time
Inventories	`InventoryNet`	$61.80M	USD	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	177.62M	shares	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	177.71M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.73M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$2.20M	USD	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	177.71M	shares	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	177.62M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.87M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.29B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.27B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.00B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$935.74M	USD	Point-in-time
Non-current inventories	`InventoryNoncurrent`	$6.84M	USD	Point-in-time
Non-current inventories	`InventoryNoncurrent`	$5.74M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.47M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.63M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.01B	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$943.96M	USD	Point-in-time
Total assets	`Assets`	$2.28B	USD	Point-in-time
Total assets	`Assets`	$2.24B	USD	Point-in-time
Accounts payable, construction payables and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$72.27M	USD	Point-in-time
Accounts payable, construction payables and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$68.57M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$21.16M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$21.16M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.14M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$93.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.48M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$5.29M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$5.35M	USD	Point-in-time
Environmental obligations	`AccruedEnvironmentalLossContingenciesNoncurrent`	$16.58M	USD	Point-in-time
Environmental obligations	`AccruedEnvironmentalLossContingenciesNoncurrent`	$16.57M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$679.33M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$678.44M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$129.71M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$122.35M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$5.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$4.46M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$835.42M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$827.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$925.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$929.30M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`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, 177,619,805 and 177,706,608 shares issued and outstanding, as of March 31, 2023, and December 31, 2022, respectively)	`CommonStockValue`	$18.00K	USD	Point-in-time
Common stock ($0.0001 par value, 450,000,000 shares authorized, 177,619,805 and 177,706,608 shares issued and outstanding, as of March 31, 2023, and December 31, 2022, respectively)	`CommonStockValue`	$17.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$951.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$952.79M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$361.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$398.87M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$131.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$189.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.09B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.31B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.01B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.28B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.24B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$95.70M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$166.26M	USD	1 Quarter
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$23.17M	USD	1 Quarter
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$24.22M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$19.40M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$20.31M	USD	1 Quarter
Advanced projects, start-up, development and other	`AdvancedProjectsStartUpDevelopmentAndOtherExpense`	$1.82M	USD	1 Quarter
Advanced projects, start-up, development and other	`AdvancedProjectsStartUpDevelopmentAndOtherExpense`	$8.28M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$5.26M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$8.12M	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$418.00K	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$227.00K	USD	1 Quarter
Loss on sale or disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.49M	USD	1 Quarter
Loss on sale or disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-257.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$62.74M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$51.23M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$115.02M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$32.96M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.36M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.91M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$13.69M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$194.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$113.31M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.30M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$27.76M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$85.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.45M	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	176.36M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	176.88M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.61M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.49M	shares	1 Quarter

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$85.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.45M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$5.26M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$8.12M	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$418.00K	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$227.00K	USD	1 Quarter
Accretion of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	-	USD	1 Quarter
Accretion of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$8.84M	USD	1 Quarter
Loss (gain) on sale or disposal of long-lived assets, net	`GainLossOnDispositionOfAssets1`	$5.00K	USD	1 Quarter
Loss (gain) on sale or disposal of long-lived assets, net	`GainLossOnDispositionOfAssets1`	$-257.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$7.01M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$9.77M	USD	1 Quarter
Accretion of debt discount and amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.39M	USD	1 Quarter
Accretion of debt discount and amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$882.00K	USD	1 Quarter
Revenue recognized in exchange for debt principal reduction	`ContractWithCustomerLiabilityRelatedPartiesRevenueRecognizedForDebtPrincipalReduction`	-	USD	1 Quarter
Revenue recognized in exchange for debt principal reduction	`ContractWithCustomerLiabilityRelatedPartiesRevenueRecognizedForDebtPrincipalReduction`	$13.57M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-23.48M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-7.38M	USD	1 Quarter
Accounts receivable (including related party)	`IncreaseDecreaseInAccountsReceivable`	$-11.61M	USD	1 Quarter
Accounts receivable (including related party)	`IncreaseDecreaseInAccountsReceivable`	$-13.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.02M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$927.00K	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-474.00K	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	1 Quarter
Prepaid expenses, other current and non-current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$351.00K	USD	1 Quarter
Prepaid expenses, other current and non-current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-694.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.18M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.59M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.78M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.00K	USD	1 Quarter
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$148.00K	USD	1 Quarter
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$130.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$120.97M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$55.49M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.93M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$74.46M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$320.88M	USD	1 Quarter
Proceeds from sales of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$447.23M	USD	1 Quarter
Proceeds from sales of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	1 Quarter
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$410.31M	USD	1 Quarter
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	1 Quarter
Proceeds from government awards used for construction	`ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from government awards used for construction	`ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment`	$5.13M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.80M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$462.19M	USD	1 Quarter
Principal payments on debt obligations and finance leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$846.00K	USD	1 Quarter
Principal payments on debt obligations and finance leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$3.82M	USD	1 Quarter
Tax withholding on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.98M	USD	1 Quarter
Tax withholding on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.09M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.91M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.82M	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$510.86M	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$53.26M	USD	1 Quarter
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.23B	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.51M	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`	$654.37M	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.23B	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.51M	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`	$654.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.23B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$651.22M	USD	Point-in-time
Restricted cash, current	`RestrictedCashCurrent`	$587.00K	USD	Point-in-time
Restricted cash, current	`RestrictedCashCurrent`	$2.55M	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	$599.00K	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	$528.00K	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.23B	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.51M	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`	$654.37M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$1.09B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.31B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.35B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.01B	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.76M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.18M	USD	1 Quarter
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.09M	USD	1 Quarter
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$85.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.45M	USD	1 Quarter
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-58.00K	USD	1 Quarter
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.09B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.31B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.35B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.01B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$85.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.45M	USD	1 Quarter
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-58.00K	USD	1 Quarter
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$85.55M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$37.39M	USD	1 Quarter

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