2022 Q2 Form 10-Q Financial Statement

#000182872322000069 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $24.76M $21.58M $17.61M
YoY Change 40.59% 91.55%
Cost Of Revenue $4.290M $4.024M $6.156M
YoY Change -30.31% 52.83%
Gross Profit $20.47M $17.55M $23.93M
YoY Change -14.44% 103.36%
Gross Profit Margin 82.68% 81.35% 135.85%
Selling, General & Admin $9.215M $4.731M $7.520M
YoY Change 22.54% 56.04%
% of Gross Profit 45.01% 26.95% 31.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.863M $6.800M $8.858M
YoY Change -22.52% 93.07% 64.95%
% of Gross Profit 33.52% 38.74% 37.02%
Operating Expenses $19.28M $11.13M $11.27M
YoY Change 71.03% 69.84%
Operating Profit $5.482M $6.423M $6.340M
YoY Change -13.53% 209.1%
Interest Expense $400.0K -$5.971M -$8.739M
YoY Change -104.58% 60.08%
% of Operating Profit 7.3% -92.96% -137.84%
Other Income/Expense, Net $16.80M $3.274M -$4.688M
YoY Change -458.34% -2225.97%
Pretax Income $22.28M $16.27M $1.652M
YoY Change 1248.73% -783.12%
Income Tax $700.0K $1.792M $2.100M
% Of Pretax Income 3.14% 11.02% 127.12%
Net Earnings $24.12M $7.188M -$1.189M
YoY Change -2128.17% -338.72%
Net Earnings / Revenue 97.39% 33.31% -6.75%
Basic Earnings Per Share $0.16 -$0.01
Diluted Earnings Per Share $0.16 $46.78K -$0.01
COMMON SHARES
Basic Shares Outstanding 153.3M shares 88.74M shares
Diluted Shares Outstanding 154.0M shares 88.74M shares

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $295.1M $326.0M $29.86M
YoY Change 888.11%
Cash & Equivalents $295.1M $326.0M $391.4K
Short-Term Investments
Other Short-Term Assets $5.748M $6.659M $7.875M
YoY Change -27.01% 280.95%
Inventory
Prepaid Expenses
Receivables $13.16M $9.218M $9.588M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $316.4M $344.4M $1.718M
YoY Change 18317.62% 668.81%
LONG-TERM ASSETS
Property, Plant & Equipment $764.9M $745.7M $522.2M
YoY Change 46.46% 43.57%
Goodwill $601.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.547M $4.638M $5.150M
YoY Change -31.13% -1.36%
Total Long-Term Assets $789.6M $768.8M $402.5M
YoY Change 96.17% 43.24%
TOTAL ASSETS
Total Short-Term Assets $316.4M $344.4M $1.718M
Total Long-Term Assets $789.6M $768.8M $402.5M
Total Assets $1.106B $1.113B $404.2M
YoY Change 173.62% 91.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.869M $3.591M $5.633M
YoY Change -49.07% 128.58%
Accrued Expenses $4.383M $4.494M $2.186M
YoY Change 100.49% 4540.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.73M $21.14M $33.94M
YoY Change -53.67% -39.95%
Total Short-Term Liabilities $27.58M $32.89M $2.302M
YoY Change 1097.79% -24.3%
LONG-TERM LIABILITIES
Long-Term Debt $522.6M $524.8M $364.8M
YoY Change 43.27% 48.29%
Other Long-Term Liabilities $6.480M $5.587M $13.76M
YoY Change -52.91% -17.52%
Total Long-Term Liabilities $529.1M $530.4M $378.5M
YoY Change 39.77% 47.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.58M $32.89M $2.302M
Total Long-Term Liabilities $529.1M $530.4M $378.5M
Total Liabilities $671.2M $771.7M $28.36M
YoY Change 2267.05% 81.9%
SHAREHOLDERS EQUITY
Retained Earnings -$16.82M -$101.4M -$26.64M
YoY Change -36.85% 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 $400.0M $304.9M -$26.64M
YoY Change
Total Liabilities & Shareholders Equity $1.106B $1.113B $404.2M
YoY Change 173.62% 91.42%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income $24.12M $7.188M -$1.189M
YoY Change -2128.17% -338.72%
Depreciation, Depletion And Amortization $6.863M $6.800M $8.858M
YoY Change -22.52% 93.07% 64.95%
Cash From Operating Activities $8.370M $5.456M $9.835M
YoY Change -14.9% -1962.12% 86.27%
INVESTING ACTIVITIES
Capital Expenditures -$16.77M -$4.330M -$6.277M
YoY Change 167.12% -48.45% -126.52%
Acquisitions
YoY Change
Other Investing Activities -$11.57M -$5.427M -$7.094M
YoY Change 63.12% -95.32% 142.12%
Cash From Investing Activities -$28.34M -$9.757M -$13.37M
YoY Change 111.94% -92.16% -49.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.228M 295.4M -2.170M
YoY Change 48.76% 134.99% -111.02%
NET CHANGE
Cash From Operating Activities 8.370M 5.456M 9.835M
Cash From Investing Activities -28.34M -9.757M -13.37M
Cash From Financing Activities -3.228M 295.4M -2.170M
Net Change In Cash -23.20M 291.1M -5.706M
YoY Change 306.54% 28584.14% 252.22%
FREE CASH FLOW
Cash From Operating Activities $8.370M $5.456M $9.835M
Capital Expenditures -$16.77M -$4.330M -$6.277M
Free Cash Flow $25.14M $9.786M $16.11M
YoY Change 56.01% 20.71% -187.61%

Facts In Submission

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dei Document Fiscal Period Focus
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dei Current Fiscal Year End Date
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dei Amendment Flag
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dei Document Type
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dei Document Quarterly Report
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dei Document Period End Date
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dei Document Transition Report
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dei Entity File Number
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dei Entity Registrant Name
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dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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CY2021Q4 us-gaap Preferred Stock Value
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RetainedEarningsAccumulatedDeficit
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CY2022Q2 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Minority Interest
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18695000 usd
CY2021Q4 us-gaap Minority Interest
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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LiabilitiesAndStockholdersEquity
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CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
345000 usd
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
131017000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2657000 usd
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
336000 usd
CY2022Q2 amps Noncontrolling Interests Cash Contribution
NoncontrollingInterestsCashContribution
1064000 usd
CY2022Q2 amps Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
21721000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
418720000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
138995000 usd
amps Noncontrolling Interests Cash Contribution
NoncontrollingInterestsCashContribution
439000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
78000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
605000 usd
amps Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
636000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
131017000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
326011000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3962000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
666000 usd
amps Noncontrolling Interests Cash Contribution
NoncontrollingInterestsCashContribution
1064000 usd
amps Noncontrolling Interest Increase Decrease From Redemptions Or Purchase Of Redeemable Noncontrolling Interests
NoncontrollingInterestIncreaseDecreaseFromRedemptionsOrPurchaseOfRedeemableNoncontrollingInterests
-712000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
15000 usd
amps Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
81738000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
418720000 usd
us-gaap Profit Loss
ProfitLoss
81709000 usd
us-gaap Profit Loss
ProfitLoss
-177000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
13685000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
8858000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1777000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
292000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
550000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1069000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1428000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1443000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-23117000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 usd
amps Fair Value Adjustment Of Alignment Shares
FairValueAdjustmentOfAlignmentShares
63051000 usd
amps Fair Value Adjustment Of Alignment Shares
FairValueAdjustmentOfAlignmentShares
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-2050000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3962000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-189000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-194000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3940000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3836000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2712000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-722000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4062000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-78000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
776000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1668000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-247000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11869000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9485000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23338000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6277000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2126000 usd
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
11572000 usd
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
4968000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-34910000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13371000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
26391000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
8120000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
16680000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
42000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
596000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
8380000 usd
amps Payment Of Deferred Transaction Costs
PaymentOfDeferredTransactionCosts
0 usd
amps Payment Of Deferred Transaction Costs
PaymentOfDeferredTransactionCosts
2140000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
45000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
102000 usd
amps Redemption Of Noncontrolling Interests
RedemptionOfNoncontrollingInterests
744000 usd
amps Redemption Of Noncontrolling Interests
RedemptionOfNoncontrollingInterests
0 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2151000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
439000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1148000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1102000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7948000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2170000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-30989000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6056000 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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
299332000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32150000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
9804000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
6822000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
39000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
99000 usd
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
96000 usd
us-gaap Nature Of Operations
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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.
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
223000 usd
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
1334000 usd
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
819000 usd
amps Deferred Transaction Costs Incurred But Not Yet Paid
DeferredTransactionCostsIncurredButNotYetPaid
0 usd
amps Deferred Transaction Costs Incurred But Not Yet Paid
DeferredTransactionCostsIncurredButNotYetPaid
2810000 usd
amps Noncash Or Part Noncash Acquisition Accrued Dividends And Commitment Fees On Preferred Stock
NoncashOrPartNoncashAcquisitionAccruedDividendsAndCommitmentFeesOnPreferredStock
0 usd
amps Noncash Or Part Noncash Acquisition Accrued Dividends And Commitment Fees On Preferred Stock
NoncashOrPartNoncashAcquisitionAccruedDividendsAndCommitmentFeesOnPreferredStock
8480000 usd
amps Noncash Or Part Noncash Accrued Distributions To Non Controlling Interests
NoncashOrPartNoncashAccruedDistributionsToNonControllingInterests
0 usd
amps Noncash Or Part Noncash Accrued Distributions To Non Controlling Interests
NoncashOrPartNoncashAccruedDistributionsToNonControllingInterests
145000 usd
amps Construction Loan Conversion
ConstructionLoanConversion
-4186000 usd
amps Construction Loan Conversion
ConstructionLoanConversion
0 usd
amps Term Loan Conversion
TermLoanConversion
4186000 usd
amps Term Loan Conversion
TermLoanConversion
0 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
15000 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 usd
amps Stock Exchanged For Warrants Amount Exchanged
StockExchangedForWarrantsAmountExchanged
7303000 usd
amps Stock Exchanged For Warrants Amount Exchanged
StockExchangedForWarrantsAmountExchanged
0 usd
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>
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
13158000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9218000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
295079000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
325983000 usd
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
2459000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2544000 usd
CY2022Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1794000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1794000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
299332000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
330321000 usd
CY2022Q2 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
400000 usd
CY2021Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
400000 usd
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><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%">The Company had no customers that accounted for over 10% of total accounts receivable as of June 30, 2022, and no customers that individually accounted for more than 10% of revenue for the three and six months ended June 30, 2022.</span></div>
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24762000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17613000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43961000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
30084000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
522604000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
524837000 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
118000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
176000 usd
CY2022Q2 amps Debt Instrument Unamortized Deferred Financing Costs
DebtInstrumentUnamortizedDeferredFinancingCosts
9180000 usd
CY2021Q4 amps Debt Instrument Unamortized Deferred Financing Costs
DebtInstrumentUnamortizedDeferredFinancingCosts
9606000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
15726000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
21143000 usd
CY2022Q2 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
SaleLeasebackTransactionAmountDueUnderFinancingArrangement
36500000 usd
us-gaap Sale Leaseback Transaction Transaction Costs Financing Activities
SaleLeasebackTransactionTransactionCostsFinancingActivities
1100000 usd
CY2022Q2 amps Payment Of Financing Obligation
PaymentOfFinancingObligation
600000 usd
CY2021Q2 amps Payment Of Financing Obligation
PaymentOfFinancingObligation
0 usd
amps Payment Of Financing Obligation
PaymentOfFinancingObligation
800000 usd
amps Payment Of Financing Obligation
PaymentOfFinancingObligation
0 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
400000 usd
us-gaap Interest Expense
InterestExpense
0 usd
us-gaap Interest Expense
InterestExpense
700000 usd
us-gaap Interest Expense
InterestExpense
0 usd
CY2022Q2 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within One Year
MinimumLeasePaymentsSaleLeasebackTransactionsWithinOneYear
1493000 usd
CY2022Q2 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Two Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinTwoYears
2336000 usd
CY2022Q2 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Three Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinThreeYears
2340000 usd
CY2022Q2 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Four Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinFourYears
2353000 usd
CY2022Q2 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Five Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinFiveYears
2336000 usd
CY2022Q2 us-gaap Minimum Lease Payments Sale Leaseback Transactions Thereafter
MinimumLeasePaymentsSaleLeasebackTransactionsThereafter
14993000 usd
CY2022Q2 us-gaap Minimum Lease Payments Sale Leaseback Transactions
MinimumLeasePaymentsSaleLeasebackTransactions
25851000 usd
CY2022Q2 us-gaap Minimum Lease Payments Sale Leaseback Transactions
MinimumLeasePaymentsSaleLeasebackTransactions
25900000 usd
us-gaap Investment Tax Credit
InvestmentTaxCredit
13200000 usd
CY2022Q2 amps Finance Lease Future Minimum Payments Interest Included In Payments
FinanceLeaseFutureMinimumPaymentsInterestIncludedInPayments
1000000 usd
CY2022Q2 amps Finance Lease Future Minimum Payments Difference Between Lease Payments And Fair Value Of Financing Lease Obligations Acquired
FinanceLeaseFutureMinimumPaymentsDifferenceBetweenLeasePaymentsAndFairValueOfFinancingLeaseObligationsAcquired
100000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-23117000 usd
CY2022Q2 amps Class Of Warrants Or Rights Redeemable Warrant Liability Shares
ClassOfWarrantsOrRightsRedeemableWarrantLiabilityShares
14981589 shares
amps Gain Loss In Fair Value Change Of Warrant
GainLossInFairValueChangeOfWarrant
4100000 usd
amps Class Of Warrants Or Rights Warrants Exchanged
ClassOfWarrantsOrRightsWarrantsExchanged
7300000 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
amps Class Of Warrants Or Rights Warrants Exercised Shares
ClassOfWarrantsOrRightsWarrantsExercisedShares
10 shares
amps Class Of Warrants Or Rights Warrants Exercised
ClassOfWarrantsOrRightsWarrantsExercised
0 usd
amps Class Of Warrants Or Rights Warrants Exchanged Shares
ClassOfWarrantsOrRightsWarrantsExchangedShares
4447555 shares
amps Class Of Warrants Or Rights Warrants Exchanged
ClassOfWarrantsOrRightsWarrantsExchanged
7339000 usd
amps Class Of Warrants Or Rights Forfeiture Of Fractional Warrants Shares
ClassOfWarrantsOrRightsForfeitureOfFractionalWarrantsShares
13 shares
amps Class Of Warrants Or Rights Forfeiture Of Fractional Warrants
ClassOfWarrantsOrRightsForfeitureOfFractionalWarrants
0 usd
amps Class Of Warrants Or Rights Fair Value Remeasurement Shares
ClassOfWarrantsOrRightsFairValueRemeasurementShares
0 shares
CY2022Q2 amps Class Of Warrants Or Rights Redeemable Warrant Liability
ClassOfWarrantsOrRightsRedeemableWarrantLiability
19476000 usd
CY2022Q2 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
1207500 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.69
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.030
CY2021Q4 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
1408750 shares
CY2021Q4 amps Alignment Shares Outstanding Value
AlignmentSharesOutstandingValue
127474000 usd
amps Alignment Shares Converted Shares
AlignmentSharesConvertedShares
201250 shares
amps Alignment Shares Converted Value
AlignmentSharesConvertedValue
-15000 usd
amps Alignment Shares Forfeited Shares
AlignmentSharesForfeitedShares
0 shares
amps Alignment Shares Forfeited Value
AlignmentSharesForfeitedValue
0 usd
amps Alignment Shares Fair Value Remeasurement Shares
AlignmentSharesFairValueRemeasurementShares
0 shares
amps Fair Value Adjustment Of Alignment Shares
FairValueAdjustmentOfAlignmentShares
63051000 usd
CY2022Q2 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
1207500 shares
CY2022Q2 amps Alignment Shares Outstanding Value
AlignmentSharesOutstandingValue
64408000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
CY2021 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
amps Proceeds From Noncontrolling Interest Redeemable
ProceedsFromNoncontrollingInterestRedeemable
482000 usd
amps Proceeds From Noncontrolling Interest Redeemable
ProceedsFromNoncontrollingInterestRedeemable
496000 usd
amps Redeemable Noncontrolling Interest Accrued Distributions To Noncontrolling Interests
RedeemableNoncontrollingInterestAccruedDistributionsToNoncontrollingInterests
0 usd
amps Redeemable Noncontrolling Interest Accrued Distributions To Noncontrolling Interests
RedeemableNoncontrollingInterestAccruedDistributionsToNoncontrollingInterests
104000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
1087000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-29000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-813000 usd
CY2022Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
16103000 usd
CY2021Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
16898000 usd
amps Guarantor Term Obligations
GuarantorTermObligations
P15Y
CY2022Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1100000 usd
CY2021Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
900000 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2400000 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1800000 usd
CY2022Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0 usd
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
0 usd
CY2022Q2 us-gaap Due From Related Parties
DueFromRelatedParties
0 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
24115000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-1189000 usd
us-gaap Net Income Loss
NetIncomeLoss
84534000 usd
us-gaap Net Income Loss
NetIncomeLoss
-227000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
190000 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
667000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
23925000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23925000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1189000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1189000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
83867000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
83867000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-227000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-227000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153310068 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88741089 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
152988078 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88741089 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
153954843 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88741089 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
153771992 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88741089 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2700000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
700000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2100000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
600000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1100000 usd

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