2022 Q3 Form 10-Q Financial Statement

#000182872322000144 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2021 Q3
Revenue $30.44M $20.14M
YoY Change 51.15% 54.1%
Cost Of Revenue $4.488M $3.849M
YoY Change 16.6% 55.58%
Gross Profit $25.95M $16.29M
YoY Change 59.31% 53.76%
Gross Profit Margin 85.26% 80.89%
Selling, General & Admin $9.268M $4.664M
YoY Change 98.71% 54.69%
% of Gross Profit 35.71% 28.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.134M $5.309M
YoY Change 34.38% -36.87%
% of Gross Profit 27.49% 32.59%
Operating Expenses $19.73M $4.015M
YoY Change 391.44% -33.72%
Operating Profit $10.71M -$4.065M
YoY Change -363.44% -189.59%
Interest Expense $400.0K -$5.223M
YoY Change -107.66% 44.92%
% of Operating Profit 3.74%
Other Income/Expense, Net -$105.4M -$1.087M
YoY Change 9593.84% 755.91%
Pretax Income -$94.66M -$10.09M
YoY Change 838.02% -1407.24%
Income Tax $2.000M $0.00
% Of Pretax Income
Net Earnings -$96.98M -$10.09M
YoY Change 860.97% -646.69%
Net Earnings / Revenue -318.61% -50.11%
Basic Earnings Per Share -$0.63 -$0.01
Diluted Earnings Per Share -$0.63 -$6.866K
COMMON SHARES
Basic Shares Outstanding 154.5M shares 88.74M shares
Diluted Shares Outstanding 154.5M shares 88.74M shares

Balance Sheet

Concept 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $290.9M $34.27M
YoY Change 748.76%
Cash & Equivalents $290.9M $1.409M
Short-Term Investments
Other Short-Term Assets $6.406M $12.36M
YoY Change -48.19%
Inventory
Prepaid Expenses
Receivables $15.73M $11.56M
Other Receivables $0.00 $0.00
Total Short-Term Assets $315.5M $2.400M
YoY Change 13047.88%
LONG-TERM ASSETS
Property, Plant & Equipment $788.1M $727.7M
YoY Change 8.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.107M $5.662M
YoY Change -45.13%
Total Long-Term Assets $814.8M $402.5M
YoY Change 102.43%
TOTAL ASSETS
Total Short-Term Assets $315.5M $2.400M
Total Long-Term Assets $814.8M $402.5M
Total Assets $1.130B $404.9M
YoY Change 179.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.382M
YoY Change
Accrued Expenses $4.459M $5.014M
YoY Change -11.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $17.32M $27.69M
YoY Change -37.44%
Total Short-Term Liabilities $32.66M $5.148M
YoY Change 534.46%
LONG-TERM LIABILITIES
Long-Term Debt $527.7M $503.6M
YoY Change 4.78%
Other Long-Term Liabilities $8.316M $26.50M
YoY Change -68.62%
Total Long-Term Liabilities $536.0M $530.1M
YoY Change 1.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.66M $5.148M
Total Long-Term Liabilities $536.0M $530.1M
Total Liabilities $750.7M $39.14M
YoY Change 1817.96%
SHAREHOLDERS EQUITY
Retained Earnings -$113.8M -$36.74M
YoY Change 209.75%
Common Stock $16.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $342.1M -$36.74M
YoY Change
Total Liabilities & Shareholders Equity $1.130B $404.9M
YoY Change 179.15%

Cashflow Statement

Concept 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$96.98M -$10.09M
YoY Change 860.97% -646.69%
Depreciation, Depletion And Amortization $7.134M $5.309M
YoY Change 34.38% -36.87%
Cash From Operating Activities $12.97M $8.763M
YoY Change 48.01% -30.39%
INVESTING ACTIVITIES
Capital Expenditures -$12.33M -$3.978M
YoY Change 210.01% -85.93%
Acquisitions
YoY Change
Other Investing Activities $2.331M -$196.1M
YoY Change -101.19% 952.05%
Cash From Investing Activities -$10.00M -$200.1M
YoY Change -95.0% 326.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.912M 198.4M
YoY Change -102.48% 403.7%
NET CHANGE
Cash From Operating Activities 12.97M 8.763M
Cash From Investing Activities -10.00M -200.1M
Cash From Financing Activities -4.912M 198.4M
Net Change In Cash -1.943M 7.027M
YoY Change -127.65% 39.04%
FREE CASH FLOW
Cash From Operating Activities $12.97M $8.763M
Capital Expenditures -$12.33M -$3.978M
Free Cash Flow $25.30M $12.74M
YoY Change 98.59% -68.82%

Facts In Submission

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dei Entity File Number
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dei Entity Registrant Name
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ALTUS POWER, INC.
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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 remains 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 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>
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
290894000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
325983000 usd
CY2022Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
2477000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2544000 usd
CY2022Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4018000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1794000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
297389000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
330321000 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>
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
30438000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20138000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
74399000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
50222000 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
15725000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9218000 usd
CY2022Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
400000 usd
CY2021Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
400000 usd
CY2021Q4 amps Debt Instrument Unamortized Deferred Financing Costs
DebtInstrumentUnamortizedDeferredFinancingCosts
9606000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
556235000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
555762000 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
2271000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
176000 usd
CY2022Q3 amps Debt Instrument Unamortized Deferred Financing Costs
DebtInstrumentUnamortizedDeferredFinancingCosts
8934000 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
17321000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
21143000 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
527709000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
524837000 usd
CY2022Q3 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
SaleLeasebackTransactionAmountDueUnderFinancingArrangement
36000000 usd
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
CY2021 us-gaap Sale Leaseback Transaction Transaction Costs Financing Activities
SaleLeasebackTransactionTransactionCostsFinancingActivities
1100000 usd
CY2022Q3 amps Payment Of Financing Obligation
PaymentOfFinancingObligation
900000 usd
CY2021Q3 amps Payment Of Financing Obligation
PaymentOfFinancingObligation
100000 usd
amps Payment Of Financing Obligation
PaymentOfFinancingObligation
1500000 usd
amps Payment Of Financing Obligation
PaymentOfFinancingObligation
100000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
400000 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
200000 usd
us-gaap Interest Expense
InterestExpense
1100000 usd
us-gaap Interest Expense
InterestExpense
200000 usd
CY2022Q3 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within One Year
MinimumLeasePaymentsSaleLeasebackTransactionsWithinOneYear
709000 usd
CY2022Q3 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Two Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinTwoYears
2336000 usd
CY2022Q3 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Three Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinThreeYears
2340000 usd
CY2022Q3 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Four Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinFourYears
2353000 usd
CY2022Q3 us-gaap Minimum Lease Payments Sale Leaseback Transactions Within Five Years
MinimumLeasePaymentsSaleLeasebackTransactionsWithinFiveYears
2336000 usd
CY2022Q3 us-gaap Minimum Lease Payments Sale Leaseback Transactions Thereafter
MinimumLeasePaymentsSaleLeasebackTransactionsThereafter
14993000 usd
CY2022Q3 us-gaap Minimum Lease Payments Sale Leaseback Transactions
MinimumLeasePaymentsSaleLeasebackTransactions
25067000 usd
CY2022Q3 us-gaap Minimum Lease Payments Sale Leaseback Transactions
MinimumLeasePaymentsSaleLeasebackTransactions
25100000 usd
us-gaap Investment Tax Credit
InvestmentTaxCredit
13200000 usd
CY2022Q3 amps Finance Lease Future Minimum Payments Interest Included In Payments
FinanceLeaseFutureMinimumPaymentsInterestIncludedInPayments
1300000 usd
CY2022Q3 amps Finance Lease Future Minimum Payments Difference Between Lease Payments And Fair Value Of Financing Lease Obligations Acquired
FinanceLeaseFutureMinimumPaymentsDifferenceBetweenLeasePaymentsAndFairValueOfFinancingLeaseObligationsAcquired
100000 usd
amps Gain Loss In Fair Value Change Of Warrant
GainLossInFairValueChangeOfWarrant
4100000 usd
amps Class Of Warrants Or Rights Warrants Exchanged
ClassOfWarrantsOrRightsWarrantsExchanged
7800000 usd
CY2022Q3 amps Class Or Warrants Or Rights Redeemable Warrants Issued
ClassOrWarrantsOrRightsRedeemableWarrantsIssued
14798981 shares
amps Class Or Warrants Or Rights Redeemable Warrants Exercised Share
ClassOrWarrantsOrRightsRedeemableWarrantsExercisedShare
1687 shares
amps Class Of Warrants Or Rights Proceeds From Redeemable Warrants Cash
ClassOfWarrantsOrRightsProceedsFromRedeemableWarrantsCash
18557 usd
amps Class Of Warrants Or Rights Exercise Of Redeemable Warrants On Cashless Basis
ClassOfWarrantsOrRightsExerciseOfRedeemableWarrantsOnCashlessBasis
10614564 shares
amps Class Of Warrants Or Rights Warrants Liability
ClassOfWarrantsOrRightsWarrantsLiability
35800000 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
10616261 shares
amps Class Of Warrants Or Rights Warrants Exercised
ClassOfWarrantsOrRightsWarrantsExercised
35837000 usd
amps Class Of Warrants Or Rights Warrants Exchanged Shares
ClassOfWarrantsOrRightsWarrantsExchangedShares
4630163 shares
amps Class Of Warrants Or Rights Warrants Exchanged
ClassOfWarrantsOrRightsWarrantsExchanged
7828000 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
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
6447000 usd
amps Noncontrolling Interest Increase From Business Combination Redeemable
NoncontrollingInterestIncreaseFromBusinessCombinationRedeemable
2125000 usd
CY2022Q3 amps Class Of Warrants Or Rights Redeemable Warrant Liability Shares
ClassOfWarrantsOrRightsRedeemableWarrantLiabilityShares
4182730 shares
CY2022Q3 amps Class Of Warrants Or Rights Redeemable Warrant Liability
ClassOfWarrantsOrRightsRedeemableWarrantLiability
12715000 usd
CY2022Q3 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
0.73
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.040
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 Fair Value Remeasurement Shares
AlignmentSharesFairValueRemeasurementShares
0 shares
amps Income Loss Of Fair Value Adjustment Of Alignment Shares
IncomeLossOfFairValueAdjustmentOfAlignmentShares
-9367000 usd
CY2022Q3 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
1207500 shares
CY2022Q3 amps Alignment Shares Outstanding Value
AlignmentSharesOutstandingValue
136826000 usd
amps Noncontrolling Interest Increase From Business Combination Redeemable
NoncontrollingInterestIncreaseFromBusinessCombinationRedeemable
0 usd
CY2021 us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
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
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
725000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
845000 usd
amps Proceeds From Noncontrolling Interest Redeemable
ProceedsFromNoncontrollingInterestRedeemable
1087000 usd
amps Proceeds From Noncontrolling Interest Redeemable
ProceedsFromNoncontrollingInterestRedeemable
0 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-669000 usd
CY2022Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
18444000 usd
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 usd
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
1630000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
430000 usd
CY2021Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
15167000 usd
amps Guarantor Term Obligations
GuarantorTermObligations
P15Y
CY2022Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1400000 usd
CY2021Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1200000 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3900000 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3200000 usd
CY2022Q3 us-gaap Due From Related Parties
DueFromRelatedParties
100000 usd
CY2022Q3 us-gaap Due From Related Parties
DueFromRelatedParties
100000 usd
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
0 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-96980000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-96980000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1055000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1055000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-12446000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12446000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1282000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1282000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
154455228 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88741089 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153482503 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88741089 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
154455228 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88741089 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
153482503 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88741089 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.63
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.63
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2700000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6700000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2000000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2600000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2500000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1500000 usd

Files In Submission

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amps-20220930.htm Edgar Link pending
amps-20220930.xsd Edgar Link pending
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amps-20220930_pre.xml Edgar Link unprocessable
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amps-20220930_htm.xml Edgar Link completed
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amps-20220930_cal.xml Edgar Link unprocessable