10-Q Filing

MP MATERIALS CORP. / DE CIK: 1801368 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001801368-23-000036`
Period End Date	20230930
Filing Date	20231103
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	mp-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 72 Cash Flow Statement 79 Stockholders Equity 29 Comprehensive Income 12

Balance Sheet 96 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 (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$547.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$427.97M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$1.05B	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$536.99M	USD	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$1.08B	USD	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$1.18B	USD	Point-in-time
Preferred shares, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred shares, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in 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	`AccountsReceivableNetCurrent`	$13.18M	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
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$77.18M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Inventories	`InventoryNet`	$57.55M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$4.13M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$2.20M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	177.71M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	177.80M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.87M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	177.71M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	177.80M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.19B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.29B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.10B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$935.74M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$10.30M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$99.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$10.35M	USD	Point-in-time
Inventories	`InventoryNoncurrent`	$5.74M	USD	Point-in-time
Inventories	`InventoryNoncurrent`	$12.59M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$9.18M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$89.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.28M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.07M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$943.96M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.13B	USD	Point-in-time
Total assets	`Assets`	$2.32B	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`	$92.10M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$21.16M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$84.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$728.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.97M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.01M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$5.46M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$5.29M	USD	Point-in-time
Environmental obligations	`AccruedEnvironmentalLossContingenciesNoncurrent`	$16.55M	USD	Point-in-time
Environmental obligations	`AccruedEnvironmentalLossContingenciesNoncurrent`	$16.58M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$678.44M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$681.09M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$15.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$7.01M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$122.35M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$135.44M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$4.99M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$3.58M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$849.14M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$827.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$946.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$925.15M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`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, 177,802,600 and 177,706,608 shares issued and outstanding, as of September 30, 2023, and December 31, 2022, respectively)	`CommonStockValue`	$18.00K	USD	Point-in-time
Common stock ($0.0001 par value, 450,000,000 shares authorized, 177,802,600 and 177,706,608 shares issued and outstanding, as of September 30, 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`	$974.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$401.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$361.42M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$189.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-32.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.01B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.36B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.31B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.17B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.38B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.24B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.24B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.32B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$124.44M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$434.26M	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$212.24M	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$52.52M	USD	1 Quarter
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$69.14M	USD	3 Qtrs
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$22.22M	USD	1 Quarter
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$67.68M	USD	3 Qtrs
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$22.42M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$57.83M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$56.15M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$17.72M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$19.56M	USD	1 Quarter
Advanced projects, start-up, development and other	`AdvancedProjectsStartUpDevelopmentAndOtherExpense`	$10.21M	USD	1 Quarter
Advanced projects, start-up, development and other	`AdvancedProjectsStartUpDevelopmentAndOtherExpense`	$25.71M	USD	3 Qtrs
Advanced projects, start-up, development and other	`AdvancedProjectsStartUpDevelopmentAndOtherExpense`	$6.21M	USD	3 Qtrs
Advanced projects, start-up, development and other	`AdvancedProjectsStartUpDevelopmentAndOtherExpense`	$2.62M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$2.10M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$12.76M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$37.08M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$16.75M	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$681.00K	USD	3 Qtrs
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$227.00K	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$418.00K	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$1.25M	USD	3 Qtrs
Loss on disposals of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-258.00K	USD	3 Qtrs
Loss on disposals of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.09M	USD	1 Quarter
Loss on disposals of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposals of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.90M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$45.28M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$196.33M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$70.05M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$144.32M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$79.17M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-17.54M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$289.94M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$15.91M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-4.15M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.22M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.40M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.46M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$6.17M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$14.46M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$8.57M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$41.97M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$84.11M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.48M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$53.73M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$294.06M	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-200.00K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$20.93M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$72.07M	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$13.17M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$222.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$40.57M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$63.18M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.28M	USD	1 Quarter
Basic EPS (in USD per share)	`EarningsPerShareBasic`	$0.23	USD	3 Qtrs
Basic EPS (in USD per share)	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Basic EPS (in USD per share)	`EarningsPerShareBasic`	$1.26	USD	3 Qtrs
Basic EPS (in USD per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$1.16	USD	3 Qtrs
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.22	USD	3 Qtrs
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	176.48M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	177.23M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	177.03M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	176.54M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.44M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.63M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	177.23M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.41M	shares	1 Quarter

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$222.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$40.57M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$63.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-4.28M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$2.10M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$12.76M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$37.08M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$16.75M	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$681.00K	USD	3 Qtrs
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$227.00K	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$418.00K	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$1.25M	USD	3 Qtrs
Accretion of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$17.33M	USD	3 Qtrs
Accretion of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$3.92M	USD	3 Qtrs
Loss on disposals of long-lived assets, net	`GainLossOnDispositionOfAssets1`	$-258.00K	USD	3 Qtrs
Loss on disposals of long-lived assets, net	`GainLossOnDispositionOfAssets1`	$-410.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$19.04M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$25.02M	USD	3 Qtrs
Accretion of debt discount and amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.15M	USD	3 Qtrs
Accretion of debt discount and amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.65M	USD	3 Qtrs
Revenue recognized in exchange for debt principal reduction	`ContractWithCustomerLiabilityRelatedPartiesRevenueRecognizedForDebtPrincipalReduction`	$13.57M	USD	3 Qtrs
Revenue recognized in exchange for debt principal reduction	`ContractWithCustomerLiabilityRelatedPartiesRevenueRecognizedForDebtPrincipalReduction`	-	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-13.16M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-62.56M	USD	3 Qtrs
Accounts receivable (including related party)	`IncreaseDecreaseInAccountsReceivable`	$-19.68M	USD	3 Qtrs
Accounts receivable (including related party)	`IncreaseDecreaseInAccountsReceivable`	$-34.99M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$22.39M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$25.50M	USD	3 Qtrs
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$1.93M	USD	3 Qtrs
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$3.86M	USD	3 Qtrs
Prepaid expenses, other current and non-current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.34M	USD	3 Qtrs
Prepaid expenses, other current and non-current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-490.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.27M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.60M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.46M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-21.16M	USD	3 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$55.00K	USD	3 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-453.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$314.42M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$76.48M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$188.93M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$214.33M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.36B	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$705.24M	USD	3 Qtrs
Proceeds from sales of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$313.87M	USD	3 Qtrs
Proceeds from sales of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$461.04M	USD	3 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$769.91M	USD	3 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$212.00M	USD	3 Qtrs
Proceeds from government awards used for construction	`ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment`	$1.05M	USD	3 Qtrs
Proceeds from government awards used for construction	`ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment`	$5.13M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.04B	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$337.83M	USD	3 Qtrs
Principal payments on debt obligations and finance leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.10M	USD	3 Qtrs
Principal payments on debt obligations and finance leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$5.14M	USD	3 Qtrs
Tax withholding on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.48M	USD	3 Qtrs
Tax withholding on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.30M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.43M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.58M	USD	3 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-746.74M	USD	3 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$405.73M	USD	3 Qtrs
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.51M	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$434.41M	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`	$549.24M	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`	$434.41M	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`	$549.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$547.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$427.97M	USD	Point-in-time
Restricted cash, current	`RestrictedCashCurrent`	$5.92M	USD	Point-in-time
Restricted cash, current	`RestrictedCashCurrent`	$1.23M	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	$347.00K	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	$530.00K	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`	$434.41M	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`	$549.24M	USD	Point-in-time

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$1.01B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.36B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.31B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.17B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.38B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.24B	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$20.61M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.07M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.67M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$25.97M	USD	3 Qtrs
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.30M	USD	3 Qtrs
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.48M	USD	3 Qtrs
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$344.00K	USD	1 Quarter
Common stock issued to acquire intangible asset	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$8.96M	USD	1 Quarter
Common stock issued to acquire intangible asset	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$8.96M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$222.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$40.57M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$63.18M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.28M	USD	1 Quarter
Unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$319.00K	USD	1 Quarter
Unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-97.00K	USD	3 Qtrs
Unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$134.00K	USD	1 Quarter
Unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-221.00K	USD	3 Qtrs
Ending balance	`StockholdersEquity`	$1.01B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.36B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.31B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.17B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.38B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.24B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$222.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$40.57M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$63.18M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.28M	USD	1 Quarter
Change in net unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$319.00K	USD	1 Quarter
Change in net unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-97.00K	USD	3 Qtrs
Change in net unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$134.00K	USD	1 Quarter
Change in net unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-221.00K	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$40.34M	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-4.14M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$221.90M	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$63.50M	USD	1 Quarter

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