10-K Filing

MP MATERIALS CORP. / DE CIK: 1801368 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001801368-24-000014`
Period End Date	20231231
Filing Date	20240228
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	mp-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 54 Cash Flow Statement 128 Stockholders Equity 24 Comprehensive Income 9

Balance Sheet 102 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, 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`	$1.18B	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
Preferred stock, authorized (shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$263.35M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$1.05B	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$734.49M	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`	$1.18B	USD	Point-in-time
Preferred shares, outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$997.84M	USD	Point-in-time
Preferred shares, outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $0 and $0, respectively (including related party)	`AccountsReceivableNetCurrent`	$10.03M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $0 and $0, respectively (including related party)	`AccountsReceivableNetCurrent`	$32.86M	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
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Inventories	`InventoryNet`	$95.18M	USD	Point-in-time
Inventories	`InventoryNet`	$57.55M	USD	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	178.08M	shares	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	177.71M	shares	Point-in-time
Government grant receivable	`GrantsReceivableCurrent`	$19.30M	USD	Point-in-time
Government grant receivable	`GrantsReceivableCurrent`	-	USD	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	177.71M	shares	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	178.08M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.82M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.29B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.13B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$935.74M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.16B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$10.30M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$10.06M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$99.00K	USD	Point-in-time
Inventories	`InventoryNoncurrent`	$5.74M	USD	Point-in-time
Inventories	`InventoryNoncurrent`	$13.35M	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$9.67M	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	-	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$8.88M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$89.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.25M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.28M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$943.96M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.21B	USD	Point-in-time
Total assets	`Assets`	$2.34B	USD	Point-in-time
Total assets	`Assets`	$2.24B	USD	Point-in-time
Accounts and construction payable	`AccountsPayableCurrent`	$28.00M	USD	Point-in-time
Accounts and construction payable	`AccountsPayableCurrent`	$15.33M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$56.94M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$73.94M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$21.16M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.62M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$108.55M	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`	$5.52M	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`	$681.98M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$678.44M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$15.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$6.83M	USD	Point-in-time
Deferred government grant	`DeferredIncomeNoncurrent`	$17.43M	USD	Point-in-time
Deferred government grant	`DeferredIncomeNoncurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$122.35M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$130.79M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$3.02M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$4.99M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$827.67M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$862.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$925.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$970.67M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock ($0.0001 par value, 50,000,000 shares authorized, none issued and outstanding in either year)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock ($0.0001 par value, 50,000,000 shares authorized, none issued and outstanding in either year)	`PreferredStockValue`	-	USD	Point-in-time
Common stock ($0.0001 par value, 450,000,000 shares authorized, 178,082,383 and 177,706,608 shares issued and outstanding, as of December 31, 2023 and December 31, 2022, respectively)	`CommonStockValue`	$17.00K	USD	Point-in-time
Common stock ($0.0001 par value, 450,000,000 shares authorized, 178,082,383 and 177,706,608 shares issued and outstanding, as of December 31, 2023 and December 31, 2022, respectively)	`CommonStockValue`	$18.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$951.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$979.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$385.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$361.42M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$145.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$189.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.31B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$853.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.01B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.37B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.24B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.34B	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$253.44M	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$331.95M	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$527.51M	USD	Annual
Cost of sales (excluding depreciation, depletion and amortization) (including related party)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$92.22M	USD	Annual
Cost of sales (excluding depreciation, depletion and amortization) (including related party)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$76.25M	USD	Annual
Cost of sales (excluding depreciation, depletion and amortization) (including related party)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$92.71M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$79.25M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$75.86M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$56.65M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$24.38M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$55.71M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$18.36M	USD	Annual
Start-up costs	`StartUpCosts`	$21.33M	USD	Annual
Start-up costs	`StartUpCosts`	$378.00K	USD	Annual
Start-up costs	`StartUpCosts`	$7.55M	USD	Annual
Advanced projects and development	`AdvancedProjectsAndDevelopmentCosts`	$14.93M	USD	Annual
Advanced projects and development	`AdvancedProjectsAndDevelopmentCosts`	$4.20M	USD	Annual
Advanced projects and development	`AdvancedProjectsAndDevelopmentCosts`	$4.25M	USD	Annual
Other operating costs and expenses	`OtherCostAndExpenseOperating`	$7.23M	USD	Annual
Other operating costs and expenses	`OtherCostAndExpenseOperating`	$4.75M	USD	Annual
Other operating costs and expenses	`OtherCostAndExpenseOperating`	$1.87M	USD	Annual
Total operating costs and expenses	`CostsAndExpenses`	$200.10M	USD	Annual
Total operating costs and expenses	`CostsAndExpenses`	$166.61M	USD	Annual
Total operating costs and expenses	`CostsAndExpenses`	$271.16M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$-17.72M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$327.41M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$165.34M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-8.90M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-5.79M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-5.25M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$3.75M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$56.05M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$19.53M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$160.19M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$33.08M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$341.15M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$25.16M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$52.15M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$8.77M	USD	Annual
Net income	`NetIncomeLoss`	$289.00M	USD	Annual
Net income	`NetIncomeLoss`	$135.04M	USD	Annual
Net income	`NetIncomeLoss`	$24.31M	USD	Annual
Basic (in USD per share)	`EarningsPerShareBasic`	$0.78	USD	Annual
Basic (in USD per share)	`EarningsPerShareBasic`	$1.64	USD	Annual
Basic (in USD per share)	`EarningsPerShareBasic`	$0.14	USD	Annual
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.73	USD	Annual
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.14	USD	Annual
Diluted (in USD per share)	`EarningsPerShareDiluted`	$1.52	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	177.18M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	173.47M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	176.52M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	189.84M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.45M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	178.15M	shares	Annual

Cash Flow Statement 128 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$289.00M	USD	Annual
Net income	`NetIncomeLoss`	$135.04M	USD	Annual
Net income	`NetIncomeLoss`	$24.31M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$24.38M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$55.71M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$18.36M	USD	Annual
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$1.48M	USD	Annual
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$908.00K	USD	Annual
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$2.38M	USD	Annual
Accretion of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	-	USD	Annual
Accretion of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$26.32M	USD	Annual
Accretion of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$9.96M	USD	Annual
Gain on forgiveness of Paycheck Protection Loan	`GainsLossesOnExtinguishmentOfDebt`	$3.40M	USD	Annual
Gain on forgiveness of Paycheck Protection Loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on forgiveness of Paycheck Protection Loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on disposals of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-391.00K	USD	Annual
Loss on disposals of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-808.00K	USD	Annual
Loss on disposals of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-569.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$31.78M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$25.24M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$22.93M	USD	Annual
Accretion of debt discount and amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$4.03M	USD	Annual
Accretion of debt discount and amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$7.38M	USD	Annual
Accretion of debt discount and amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.54M	USD	Annual
Write-downs of inventories	`InventoryWriteDown`	$1.81M	USD	Annual
Write-downs of inventories	`InventoryWriteDown`	$2.30M	USD	1 Quarter
Write-downs of inventories	`InventoryWriteDown`	$1.80M	USD	1 Quarter
Write-downs of inventories	`InventoryWriteDown`	$2.29M	USD	Annual
Write-downs of inventories	`InventoryWriteDown`	-	USD	Annual
Revenue recognized in exchange for debt principal reduction	`ContractWithCustomerLiabilityRelatedPartiesRevenueRecognizedForDebtPrincipalReduction`	-	USD	Annual
Revenue recognized in exchange for debt principal reduction	`ContractWithCustomerLiabilityRelatedPartiesRevenueRecognizedForDebtPrincipalReduction`	$54.83M	USD	Annual
Revenue recognized in exchange for debt principal reduction	`ContractWithCustomerLiabilityRelatedPartiesRevenueRecognizedForDebtPrincipalReduction`	$13.57M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-17.43M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-8.46M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-17.79M	USD	Annual
Accounts receivable (including related party)	`IncreaseDecreaseInAccountsReceivable`	$-22.83M	USD	Annual
Accounts receivable (including related party)	`IncreaseDecreaseInAccountsReceivable`	$-18.15M	USD	Annual
Accounts receivable (including related party)	`IncreaseDecreaseInAccountsReceivable`	$47.42M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$47.10M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$24.31M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$8.23M	USD	Annual
Government grant receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Government grant receivable	`IncreaseDecreaseInOtherReceivables`	$19.30M	USD	Annual
Government grant receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Prepaid expenses, other current and non-current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.38M	USD	Annual
Prepaid expenses, other current and non-current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.22M	USD	Annual
Prepaid expenses, other current and non-current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.15M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.96M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.53M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.30M	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$17.70M	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.46M	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-21.16M	USD	Annual
Deferred government grant	`IncreaseDecreaseInDeferredGovernmentGrant`	$19.12M	USD	Annual
Deferred government grant	`IncreaseDecreaseInDeferredGovernmentGrant`	-	USD	Annual
Deferred government grant	`IncreaseDecreaseInDeferredGovernmentGrant`	-	USD	Annual
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-294.00K	USD	Annual
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.07M	USD	Annual
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-902.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$343.51M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$62.70M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.97M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$123.87M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$261.90M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$326.60M	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.19B	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$2.78B	USD	Annual
Proceeds from sales of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$507.74M	USD	Annual
Proceeds from sales of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$1.46B	USD	Annual
Proceeds from sales of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	Annual
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$281.00M	USD	Annual
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	Annual
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.02B	USD	Annual
Investment in equity method investee	`PaymentsToAcquireEquityMethodInvestments`	-	USD	Annual
Investment in equity method investee	`PaymentsToAcquireEquityMethodInvestments`	$9.67M	USD	Annual
Investment in equity method investee	`PaymentsToAcquireEquityMethodInvestments`	-	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.00K	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$125.00K	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from government awards used for construction	`ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment`	$5.13M	USD	Annual
Proceeds from government awards used for construction	`ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment`	$4.38M	USD	Annual
Proceeds from government awards used for construction	`ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment`	$2.80M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.36B	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-119.36M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$68.70M	USD	Annual
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	Annual
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	$690.00M	USD	Annual
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	Annual
Principal payments on debt obligations and finance leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.73M	USD	Annual
Principal payments on debt obligations and finance leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$5.83M	USD	Annual
Principal payments on debt obligations and finance leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.44M	USD	Annual
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$17.75M	USD	Annual
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Tax withholding on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$18.36M	USD	Annual
Tax withholding on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.18M	USD	Annual
Tax withholding on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.33M	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-377.00K	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.92M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.19M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$666.11M	USD	Annual
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$121.48M	USD	Annual
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.04B	USD	Annual
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$648.72M	USD	Annual
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.51M	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$264.99M	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`	$532.44M	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`	$264.99M	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`	$532.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$263.35M	USD	Point-in-time
Restricted cash, current	`RestrictedCashCurrent`	$1.29M	USD	Point-in-time
Restricted cash, current	`RestrictedCashCurrent`	$6.29M	USD	Point-in-time
Restricted cash, current	`RestrictedCashCurrent`	$1.34M	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	$516.00K	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	$347.00K	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	$595.00K	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`	$264.99M	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`	$532.44M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$1.31B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$853.88M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.01B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.37B	USD	Point-in-time
Redemption of Public Warrants	`StockIssuedDuringPeriodValueWarrantsRedeemed`	$-1.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$22.93M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$27.10M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$33.07M	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	Annual
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.33M	USD	Annual
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$18.36M	USD	Annual
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.18M	USD	Annual
Common stock issued to acquire intangible asset	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$8.96M	USD	Annual
Net income	`NetIncomeLoss`	$289.00M	USD	Annual
Net income	`NetIncomeLoss`	$135.04M	USD	Annual
Net income	`NetIncomeLoss`	$24.31M	USD	Annual
Unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$189.00K	USD	Annual
Unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	Annual
Unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-44.00K	USD	Annual
Other	`StockholdersEquityOther`	$-218.00K	USD	Annual
Ending balance	`StockholdersEquity`	$1.31B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$853.88M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.01B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.37B	USD	Point-in-time

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$289.00M	USD	Annual
Net income	`NetIncomeLoss`	$135.04M	USD	Annual
Net income	`NetIncomeLoss`	$24.31M	USD	Annual
Change in net unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$189.00K	USD	Annual
Change in net unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	Annual
Change in net unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-44.00K	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$135.04M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$24.26M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$289.19M	USD	Annual

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