2022 Q1 Form 10-Q Financial Statement

#000182872322000037 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $19.20M $21.58M $12.47M
YoY Change 53.95% 91.55%
Cost Of Revenue $4.064M $4.024M
YoY Change 52.83%
Gross Profit $15.14M $17.55M
YoY Change 103.36%
Gross Profit Margin 78.83% 81.35%
Selling, General & Admin $7.689M $4.731M $960.0K
YoY Change 700.94% 56.04%
% of Gross Profit 50.8% 26.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.822M $6.800M
YoY Change 93.07%
% of Gross Profit 45.07% 38.74%
Operating Expenses $19.04M $11.13M $9.443M
YoY Change 101.61% 69.84%
Operating Profit $161.0K $6.423M $3.028M
YoY Change -94.68% 209.1%
Interest Expense $400.0K -$5.971M $0.00
YoY Change 60.08%
% of Operating Profit 248.45% -92.96% 0.0%
Other Income/Expense, Net $59.85M $3.274M -$3.802M
YoY Change -1674.2% -2225.97%
Pretax Income $60.01M $16.27M -$774.0K
YoY Change -7853.49% -783.12%
Income Tax -$100.0K $1.792M -$1.000M
% Of Pretax Income -0.17% 11.02%
Net Earnings $60.42M $7.188M $962.0K
YoY Change 6180.56% -338.72%
Net Earnings / Revenue 314.7% 33.31% 7.71%
Basic Earnings Per Share $0.39 $0.01
Diluted Earnings Per Share $0.39 $46.78K $0.01
COMMON SHARES
Basic Shares Outstanding 152.7M shares 88.74M shares
Diluted Shares Outstanding 153.6M shares 89.99M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $318.2M $326.0M $280.0K
YoY Change 113534.64%
Cash & Equivalents $322.5M $326.0M $279.8K
Short-Term Investments
Other Short-Term Assets $6.619M $6.659M $1.420M
YoY Change 366.13% 280.95%
Inventory
Prepaid Expenses
Receivables $8.494M $9.218M
Other Receivables $0.00 $0.00
Total Short-Term Assets $335.8M $344.4M $1.698M
YoY Change 19676.22% 668.81%
LONG-TERM ASSETS
Property, Plant & Equipment $746.0M $745.7M
YoY Change 43.57%
Goodwill $601.0K $601.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.738M $4.638M $402.5M
YoY Change -99.07% -1.36%
Total Long-Term Assets $768.5M $768.8M $402.5M
YoY Change 90.93% 43.24%
TOTAL ASSETS
Total Short-Term Assets $335.8M $344.4M $1.698M
Total Long-Term Assets $768.5M $768.8M $402.5M
Total Assets $1.104B $1.113B $404.2M
YoY Change 173.21% 91.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.394M $3.591M
YoY Change 128.58%
Accrued Expenses $4.362M $4.494M $697.4K
YoY Change 525.45% 4540.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $21.22M $21.14M
YoY Change -39.95%
Total Short-Term Liabilities $31.47M $32.89M $718.6K
YoY Change 4279.89% -24.3%
LONG-TERM LIABILITIES
Long-Term Debt $521.9M $524.8M
YoY Change 48.29%
Other Long-Term Liabilities $6.698M $5.587M $9.260M
YoY Change -27.67% -17.52%
Total Long-Term Liabilities $528.6M $530.4M $9.260M
YoY Change 5608.07% 47.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $31.47M $32.89M $718.6K
Total Long-Term Liabilities $528.6M $530.4M $9.260M
Total Liabilities $702.6M $771.7M $24.06M
YoY Change 2819.91% 81.9%
SHAREHOLDERS EQUITY
Retained Earnings -$40.94M -$101.4M -$22.37M
YoY Change 83.04% 25.44%
Common Stock $15.00K $15.00K
YoY Change 66.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $365.9M $304.9M -$22.37M
YoY Change
Total Liabilities & Shareholders Equity $1.104B $1.113B $404.2M
YoY Change 173.21% 91.42%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $60.42M $7.188M $962.0K
YoY Change 6180.56% -338.72%
Depreciation, Depletion And Amortization $6.822M $6.800M
YoY Change 93.07%
Cash From Operating Activities $3.499M $5.456M $3.222M
YoY Change 8.6% -1962.12%
INVESTING ACTIVITIES
Capital Expenditures $6.571M -$4.330M $2.210M
YoY Change 197.33% -48.45%
Acquisitions $0.00 $1.493M
YoY Change -100.0%
Other Investing Activities $0.00 -$5.427M
YoY Change -95.32%
Cash From Investing Activities -$6.571M -$9.757M -$8.671M
YoY Change -24.22% -92.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.411M $6.693M
YoY Change -49.04%
Cash From Financing Activities -$4.720M 295.4M -$8.201M
YoY Change -42.45% 134.99%
NET CHANGE
Cash From Operating Activities $3.499M 5.456M $3.222M
Cash From Investing Activities -$6.571M -9.757M -$8.671M
Cash From Financing Activities -$4.720M 295.4M -$8.201M
Net Change In Cash -$7.792M 291.1M -$13.65M
YoY Change -42.92% 28584.14%
FREE CASH FLOW
Cash From Operating Activities $3.499M $5.456M $3.222M
Capital Expenditures $6.571M -$4.330M $2.210M
Free Cash Flow -$3.072M $9.786M $1.012M
YoY Change -403.56% 20.71%

Facts In Submission

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CY2022Q1 amps Fair Value Adjustment Of Alignment Shares
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46346000 USD
CY2021Q1 amps Fair Value Adjustment Of Alignment Shares
FairValueAdjustmentOfAlignmentShares
0 USD
CY2022Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
169000 USD
CY2021Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-1275000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1305000 USD
CY2021Q1 us-gaap Share Based Compensation
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37000 USD
CY2022Q1 us-gaap Other Operating Activities Cash Flow Statement
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283000 USD
CY2021Q1 us-gaap Other Operating Activities Cash Flow Statement
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-19000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
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-724000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
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980000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
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-769000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
286000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
0 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1566000 USD
CY2022Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-99000 USD
CY2021Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
757000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-288000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-332000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3499000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3222000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6571000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2210000 USD
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1493000 USD
CY2022Q1 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
0 USD
CY2021Q1 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
4968000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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-6571000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8671000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2021 us-gaap Sale Leaseback Transaction Transaction Costs Financing Activities
SaleLeasebackTransactionTransactionCostsFinancingActivities
1100000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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7396000 USD
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3411000 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt
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6693000 USD
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
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29000 USD
CY2021Q1 us-gaap Payments Of Debt Issuance Costs
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0 USD
CY2022Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 USD
CY2021Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
8379000 USD
CY2022Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
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0 USD
CY2021Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
53000 USD
CY2022Q1 amps Redemption Of Noncontrolling Interests
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712000 USD
CY2021Q1 amps Redemption Of Noncontrolling Interests
RedemptionOfNoncontrollingInterests
0 USD
CY2022Q1 us-gaap Payments To Minority Shareholders
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568000 USD
CY2021Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
472000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-4720000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8201000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7792000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13650000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
330321000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38206000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
322529000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24556000 USD
CY2022Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
4935000 USD
CY2021Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
3051000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5000 USD
CY2022Q1 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
0 USD
CY2021Q1 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
131000 USD
CY2022Q1 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
1066000 USD
CY2021Q1 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
354000 USD
CY2022Q1 us-gaap Nature Of Operations
NatureOfOperations
General<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Company Overview </span></div><div style="margin-bottom:10pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Altus Power, Inc., a Delaware corporation (the “</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Company</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">” or "</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Altus</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">"), headquartered in Stamford, Connecticut, develops, owns, constructs and operates large-scale roof, ground and carport-based photovoltaic solar energy generation and storage systems, for the purpose of producing and selling electricity to credit worthy counterparties, including commercial and industrial, public sector and community solar customers, under long-term contracts. The Solar energy facilities are owned by the Company in project specific limited liability companies (the “</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Solar Facility Subsidiaries</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">”).</span></div><div style="margin-bottom:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 9, 2021 (the "</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Closing Date</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">"), CBRE Acquisition Holdings, Inc. ("</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">CBAH</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">"), a special purpose acquisition company, consummated the business combination pursuant to the terms of the business combination agreement entered into on July 12, 2021 (the "</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Business Combination Agreement</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">"), whereby, among other things, CBAH Merger Sub I, Inc. ("</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Merger Sub</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">") merged with and into Altus Power, Inc. (f/k/a Altus Power America, Inc.) ("</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Legacy Altus</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">") with Legacy Altus continuing as the surviving corporation, and immediately thereafter Legacy Altus merged with and into CBAH Merger Sub II, Inc. ("</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Second Merger Sub</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">") with Second Merger Sub continuing as the surviving entity and as a wholly owned subsidiary of CBAH (together with the merger with the First Merger Sub, the “</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Merger</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">”). In connection with the closing of the Merger, CBAH changed its name to "Altus Power, Inc." and CBAH Merger Sub II (after merger with Legacy Altus) changed its name to "Altus Power, LLC".</span></div><div style="margin-bottom:6pt;margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">COVID-19</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The spike of a novel strain of coronavirus (“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">COVID-19</span>”) in the first quarter of 2020 caused significant volatility in the U.S. markets that remain ongoing. In response to the COVID-19 pandemic, federal, state, local, and foreign governments put in place, and in the future may again put in place, travel restrictions, quarantines, “stay at home” orders and guidelines, and similar government orders and restrictions, in an attempt to control the spread of the disease. Such restrictions or orders resulted in, and in the future may result in, business closures, work stoppages, slowdowns and delays, among other effects that negatively impacted, and in the future may negatively impact, our operations, as well as the operations of our customers and business partners. In addition, COVID-19 has caused disruptions to the supply chain across the global economy, including within the solar industry, and we are working with our equipment suppliers to minimize disruptions to our operations. Certain suppliers have experienced, and may continue to experience, delays and increased costs related to a variety of factors, including logistical delays and component shortages from upstream vendors. Based on the challenges described above, such as supply chain and logistical delays, such results have had and will continue to have a material adverse effect on our business, operations, financial condition, results of operations, and cash flows.
CY2022Q1 amps Payment Of Financing Obligation
PaymentOfFinancingObligation
200000 USD
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2544000 USD
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-bottom:10pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. </span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In recording transactions and balances resulting from business operations, the Company uses estimates based on the best information available. Estimates are used for such items as the fair value of net assets acquired in connection with accounting for business combinations, the useful lives of the solar energy facilities, and inputs and assumptions used in the valuation of asset retirement obligations (“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">AROs</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">”), contingent consideration, and alignment shares.</span></div>
CY2022Q1 us-gaap Cash
Cash
318177000 USD
CY2021Q4 us-gaap Cash
Cash
325983000 USD
CY2022Q1 us-gaap Restricted Cash Current
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2558000 USD
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1794000 USD
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1794000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
322529000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
330321000 USD
CY2022Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:6pt;margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company maintains its cash in bank deposit accounts which, at times, may exceed Federal Deposit Insurance Corporation insurance limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash balances.</span></div>
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19199000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12471000 USD
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
8494000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9218000 USD
CY2022Q1 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
400000 USD
CY2021Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
400000 USD
CY2021Q1 amps Payment Of Financing Obligation
PaymentOfFinancingObligation
0 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
400000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
552624000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
555762000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
147000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
176000 USD
CY2022Q1 amps Debt Instrument Unamortized Deferred Financing Costs
DebtInstrumentUnamortizedDeferredFinancingCosts
9390000 USD
CY2021Q4 amps Debt Instrument Unamortized Deferred Financing Costs
DebtInstrumentUnamortizedDeferredFinancingCosts
9606000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
21218000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
21143000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
521869000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
524837000 USD
CY2022Q1 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
SaleLeasebackTransactionAmountDueUnderFinancingArrangement
36600000 USD
CY2022Q1 us-gaap Sale Leaseback Transaction Transaction Costs Financing Activities
SaleLeasebackTransactionTransactionCostsFinancingActivities
1100000 USD
CY2021Q4 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
SaleLeasebackTransactionAmountDueUnderFinancingArrangement
36500000 USD
CY2022Q1 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within One Year
MinimumLeasePaymentsSaleLeasebackTransactionsWithinOneYear
2049000 USD
CY2022Q1 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Two Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinTwoYears
2336000 USD
CY2022Q1 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Three Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinThreeYears
2340000 USD
CY2022Q1 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Four Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinFourYears
2353000 USD
CY2022Q1 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Five Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinFiveYears
2336000 USD
CY2022Q1 us-gaap Minimum Lease Payments Sale Leaseback Transactions Thereafter
MinimumLeasePaymentsSaleLeasebackTransactionsThereafter
14993000 USD
CY2022Q1 us-gaap Minimum Lease Payments Sale Leaseback Transactions
MinimumLeasePaymentsSaleLeasebackTransactions
26407000 USD
CY2022Q1 us-gaap Minimum Lease Payments Sale Leaseback Transactions
MinimumLeasePaymentsSaleLeasebackTransactions
26400000 USD
CY2022Q1 us-gaap Investment Tax Credit
InvestmentTaxCredit
13200000 USD
CY2022Q1 amps Finance Lease Future Minimum Payments Interest Included In Payments
FinanceLeaseFutureMinimumPaymentsInterestIncludedInPayments
200000 USD
CY2022Q1 amps Finance Lease Future Minimum Payments Difference Between Lease Payments And Fair Value Of Financing Lease Obligations Acquired
FinanceLeaseFutureMinimumPaymentsDifferenceBetweenLeasePaymentsAndFairValueOfFinancingLeaseObligationsAcquired
500000 USD
CY2021Q4 amps Class Of Warrants Or Rights Redeemable Warrant Liability Shares
ClassOfWarrantsOrRightsRedeemableWarrantLiabilityShares
19429167 shares
CY2021Q4 amps Class Of Warrants Or Rights Redeemable Warrant Liability
ClassOfWarrantsOrRightsRedeemableWarrantLiability
49933000 USD
CY2022Q1 amps Class Of Warrants Or Rights Warrants Exercised Shares
ClassOfWarrantsOrRightsWarrantsExercisedShares
10 shares
CY2022Q1 amps Class Of Warrants Or Rights Warrants Exercised
ClassOfWarrantsOrRightsWarrantsExercised
0 USD
CY2022Q1 amps Class Of Warrants Or Rights Forfeiture Of Fractional Warrants Shares
ClassOfWarrantsOrRightsForfeitureOfFractionalWarrantsShares
13 shares
CY2022Q1 amps Class Of Warrants Or Rights Forfeiture Of Fractional Warrants
ClassOfWarrantsOrRightsForfeitureOfFractionalWarrants
0 USD
CY2022Q1 amps Class Of Warrants Or Rights Fair Value Remeasurement Shares
ClassOfWarrantsOrRightsFairValueRemeasurementShares
0 shares
CY2022Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-18458000 USD
CY2022Q1 amps Class Of Warrants Or Rights Redeemable Warrant Liability Shares
ClassOfWarrantsOrRightsRedeemableWarrantLiabilityShares
19429144 shares
CY2022Q1 amps Class Of Warrants Or Rights Redeemable Warrant Liability
ClassOfWarrantsOrRightsRedeemableWarrantLiability
31475000 USD
CY2021Q4 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
1408750 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.69
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.024
CY2022Q1 amps Alignment Shares Converted Shares
AlignmentSharesConvertedShares
201250 shares
CY2021Q4 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
1408750 shares
CY2021Q4 amps Alignment Shares Outstanding Value
AlignmentSharesOutstandingValue
127474000 USD
CY2022Q1 amps Alignment Shares Converted Value
AlignmentSharesConvertedValue
-15000 USD
CY2022Q1 amps Alignment Shares Forfeited Shares
AlignmentSharesForfeitedShares
0 shares
CY2022Q1 amps Alignment Shares Forfeited Value
AlignmentSharesForfeitedValue
0 USD
CY2022Q1 amps Alignment Shares Fair Value Remeasurement Shares
AlignmentSharesFairValueRemeasurementShares
0 shares
CY2022Q1 amps Fair Value Adjustment Of Alignment Shares
FairValueAdjustmentOfAlignmentShares
46346000 USD
CY2022Q1 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
1207500 shares
CY2022Q1 amps Alignment Shares Outstanding Value
AlignmentSharesOutstandingValue
81113000 USD
CY2021Q1 amps Redeemable Noncontrolling Interest Accrued Distributions To Noncontrolling Interests
RedeemableNoncontrollingInterestAccruedDistributionsToNoncontrollingInterests
102000 USD
CY2021 us-gaap Dividends Common Stock
DividendsCommonStock
0 USD
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
0 USD
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
15527000 USD
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
18311000 USD
CY2022Q1 amps Proceeds From Noncontrolling Interest Redeemable
ProceedsFromNoncontrollingInterestRedeemable
238000 USD
CY2021Q1 amps Proceeds From Noncontrolling Interest Redeemable
ProceedsFromNoncontrollingInterestRedeemable
212000 USD
CY2022Q1 amps Redeemable Noncontrolling Interest Accrued Distributions To Noncontrolling Interests
RedeemableNoncontrollingInterestAccruedDistributionsToNoncontrollingInterests
0 USD
CY2022Q1 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
118000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-1847000 USD
CY2022Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
15407000 USD
CY2021Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
16150000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
15000 USD
CY2022Q1 amps Guarantor Term Obligations
GuarantorTermObligations
P15Y
CY2022Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1300000 USD
CY2021Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
900000 USD
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
0 USD
CY2022Q1 us-gaap Due From Related Parties
DueFromRelatedParties
0 USD
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
60419000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
962000 USD
CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
558000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
59861000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
59861000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
947000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
947000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
152662512 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88741089 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
2011 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
0 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
153586538 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89991570 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1300000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-100000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1000000 USD

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