2024 Q3 Form 10-Q Financial Statement

#000182872324000119 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $58.68M
YoY Change 30.17%
Cost Of Revenue $11.89M
YoY Change 51.86%
Gross Profit $46.79M
YoY Change 25.61%
Gross Profit Margin 79.74%
Selling, General & Admin $14.49M
YoY Change 17.11%
% of Gross Profit 30.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.15M
YoY Change 25.1%
% of Gross Profit 36.66%
Operating Expenses $43.39M
YoY Change 26.76%
Operating Profit $15.29M
YoY Change 40.94%
Interest Expense -$21.78M
YoY Change -5545.75%
% of Operating Profit -142.48%
Other Income/Expense, Net -$11.78M
YoY Change 95.96%
Pretax Income $3.509M
YoY Change -27.44%
Income Tax -$5.100M
% Of Pretax Income -145.34%
Net Earnings $17.64M
YoY Change 230.92%
Net Earnings / Revenue 30.06%
Basic Earnings Per Share $0.11
Diluted Earnings Per Share $0.11
COMMON SHARES
Basic Shares Outstanding 160.0M shares
Diluted Shares Outstanding 164.4M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $96.90M
YoY Change 42.08%
Cash & Equivalents $96.90M
Short-Term Investments
Other Short-Term Assets $6.211M
YoY Change 131.24%
Inventory
Prepaid Expenses
Receivables $34.33M
Other Receivables $0.00
Total Short-Term Assets $138.8M
YoY Change 41.52%
LONG-TERM ASSETS
Property, Plant & Equipment $1.835B
YoY Change 26.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.663M
YoY Change 0.43%
Total Long-Term Assets $2.101B
YoY Change 24.6%
TOTAL ASSETS
Total Short-Term Assets $138.8M
Total Long-Term Assets $2.101B
Total Assets $2.240B
YoY Change 25.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.914M
YoY Change 78.82%
Accrued Expenses $19.36M
YoY Change 58.71%
Deferred Revenue $2.078M
YoY Change -38.47%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $143.4M
YoY Change 320.54%
Total Short-Term Liabilities $230.8M
YoY Change 138.93%
LONG-TERM LIABILITIES
Long-Term Debt $1.178B
YoY Change 29.73%
Other Long-Term Liabilities $2.869M
YoY Change -2.02%
Total Long-Term Liabilities $1.181B
YoY Change 29.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $230.8M
Total Long-Term Liabilities $1.181B
Total Liabilities $1.656B
YoY Change 31.68%
SHAREHOLDERS EQUITY
Retained Earnings $7.518M
YoY Change -126.71%
Common Stock $16.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $514.8M
YoY Change
Total Liabilities & Shareholders Equity $2.240B
YoY Change 25.53%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $17.64M
YoY Change 230.92%
Depreciation, Depletion And Amortization $17.15M
YoY Change 25.1%
Cash From Operating Activities $21.44M
YoY Change -9.2%
INVESTING ACTIVITIES
Capital Expenditures $17.14M
YoY Change -37.34%
Acquisitions
YoY Change
Other Investing Activities -$78.26M
YoY Change 180.91%
Cash From Investing Activities -$95.41M
YoY Change 72.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 93.02M
YoY Change 195.48%
NET CHANGE
Cash From Operating Activities 21.44M
Cash From Investing Activities -95.41M
Cash From Financing Activities 93.02M
Net Change In Cash 19.05M
YoY Change -13706.43%
FREE CASH FLOW
Cash From Operating Activities $21.44M
Capital Expenditures $17.14M
Free Cash Flow $4.294M
YoY Change -214.51%

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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-3781000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
29202000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
160817000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
17100000 usd
CY2024Q3 us-gaap Other Assets Current
OtherAssetsCurrent
6211000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
5522000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
228797000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
12752000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1619047000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
47588000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
173804000 usd
CY2023Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
530000 usd
CY2024Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
12303000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
0 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
7663000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
7831000 usd
CY2024Q3 us-gaap Assets
Assets
2240075000 usd
CY2023Q4 us-gaap Assets
Assets
2090349000 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
8914000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
7338000 usd
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
13885000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
8685000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
9514000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
143449000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
39611000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5478000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6861000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2078000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2940000 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
230808000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
106510000 usd
CY2024Q3 amps Alignment Shares Liability
AlignmentSharesLiability
12320000 usd
CY2023Q4 amps Alignment Shares Liability
AlignmentSharesLiability
60502000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1177991000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1163307000 usd
CY2024Q3 amps Finite Lived Intangible Liability Net
FiniteLivedIntangibleLiabilityNet
17088000 usd
CY2023Q4 amps Finite Lived Intangible Liability Net
FiniteLivedIntangibleLiabilityNet
18945000 usd
CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
17014000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
180701000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5620000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
9831000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2908000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
1565338000 usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
26044000 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
988591250 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
16000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-55274000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
17273000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
447078000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
51889000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
498967000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2090349000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8422000 usd
CY2023Q3 amps Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
6512000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
503072000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
540356000 usd
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 numberofoperatingsegment
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P3M
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
amps Alignment Shares Period After Merger
AlignmentSharesPeriodAfterMerger
P7Y
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
158719684 shares
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
11421000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-433000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
45358000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
183677000 usd
CY2024Q3 us-gaap Construction Payable Current
ConstructionPayableCurrent
11356000 usd
CY2023Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
14108000 usd
CY2024Q3 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
11379000 usd
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
158999886 shares
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
485063000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
482451000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4176000 usd
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
562000 usd
CY2023Q3 amps Noncontrolling Interests Cash Contribution
NoncontrollingInterestsCashContribution
2073000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4657000 usd
CY2024Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
715000 usd
CY2024Q3 amps Noncontrolling Interest Accrued Distributions To Noncontrolling Interests
NoncontrollingInterestAccruedDistributionsToNoncontrollingInterests
77000 usd
CY2024Q3 amps Noncontrolling Interests Cash Contribution
NoncontrollingInterestsCashContribution
12072000 usd
CY2024Q3 amps Noncontrolling Interest Increase Decrease From Redemptions Or Purchase Of Redeemable Noncontrolling Interests
NoncontrollingInterestIncreaseDecreaseFromRedemptionsOrPurchaseOfRedeemableNoncontrollingInterests
-2355000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-433000 usd
CY2024Q3 amps Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
8518000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
562023000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
444926000 usd
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
13500000 usd
amps Noncontrolling Interest Increase Decrease From Redemptions Or Purchase Of Redeemable Noncontrolling Interests
NoncontrollingInterestIncreaseDecreaseFromRedemptionsOrPurchaseOfRedeemableNoncontrollingInterests
1374000 usd
amps Non Redeemable Noncontrolling Interest Accrued Distributions To Noncontrolling Interests
NonRedeemableNoncontrollingInterestAccruedDistributionsToNoncontrollingInterests
0 usd
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
1730000 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
10000 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
11000 usd
amps Noncash Or Part Noncash Deferred Purchase Price Payable
NoncashOrPartNoncashDeferredPurchasePricePayable
0 usd
amps Noncash Or Part Noncash Deferred Purchase Price Payable
NoncashOrPartNoncashDeferredPurchasePricePayable
7606000 usd
us-gaap Nature Of Operations
NatureOfOperations
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.5pt">General</span><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 Power</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><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%">”), the Company merged (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%">”) with 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>”) and became listed on the New York Stock Exchange under the stock symbol “AMPS.
us-gaap Use Of Estimates
UseOfEstimates
<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%">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, derivative instruments, and Class B common stock, par value $0.0001 per share (“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Alignment Shares</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">”).</span></div>
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
11430000 usd
amps Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
13816000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
503072000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
498967000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3765000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2188000 usd
amps Noncontrolling Interests Cash Contribution
NoncontrollingInterestsCashContribution
16176000 usd
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
2100000 usd
amps Noncontrolling Interest Accrued Distributions To Noncontrolling Interests
NoncontrollingInterestAccruedDistributionsToNoncontrollingInterests
155000 usd
amps Noncontrolling Interest Increase Decrease From Redemptions Or Purchase Of Redeemable Noncontrolling Interests
NoncontrollingInterestIncreaseDecreaseFromRedemptionsOrPurchaseOfRedeemableNoncontrollingInterests
-2355000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1261000 usd
amps Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
46964000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
562023000 usd
us-gaap Profit Loss
ProfitLoss
45813000 usd
us-gaap Profit Loss
ProfitLoss
13991000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
50447000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1265000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
467000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-21296000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4003000 usd
amps Gain Loss In Fair Value Change Of Alignment Shares Liability
GainLossInFairValueChangeOfAlignmentSharesLiability
48172000 usd
amps Gain Loss In Fair Value Change Of Alignment Shares Liability
GainLossInFairValueChangeOfAlignmentSharesLiability
23331000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-2379000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
150000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
88000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-649000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1270000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4541000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
11245000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-2002000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15741000 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-39000 usd
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
-530000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-246000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1780000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
5200000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
344000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-371000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
20359000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
57640000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
119240000 usd
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
84999000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
266000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-261613000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-428545000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
211451000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
311642000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
94782000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
41900000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1232000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2969000 usd
amps Payment For Contingent Consideration Liability Financing Activities Purchase Price Payable
PaymentForContingentConsiderationLiabilityFinancingActivitiesPurchasePricePayable
8102000 usd
amps Payment For Contingent Consideration Liability Financing Activities Purchase Price Payable
PaymentForContingentConsiderationLiabilityFinancingActivitiesPurchasePricePayable
4531000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
5793000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
16176000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
8347000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
3191000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 usd
amps Redemption Of Redeemable Noncontrolling Interests
RedemptionOfRedeemableNoncontrollingInterests
0 usd
amps Redemption Of Redeemable Noncontrolling Interests
RedemptionOfRedeemableNoncontrollingInterests
3224000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
4300000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3326000 usd
amps Proceeds From Transfer Of Investment Tax Credits Related To Noncontrolling Interests
ProceedsFromTransferOfInvestmentTaxCreditsRelatedToNoncontrollingInterests
23427000 usd
amps Proceeds From Transfer Of Investment Tax Credits Related To Noncontrolling Interests
ProceedsFromTransferOfInvestmentTaxCreditsRelatedToNoncontrollingInterests
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
133654000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
264039000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-107600000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-115410000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
218927000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
199398000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
111327000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
83988000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
46556000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
25017000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
34000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
85000 usd
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
1792000 usd
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
4291000 usd
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 usd
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
7883000 usd
amps Noncontrolling Interest Assumed Through Acquisitions
NoncontrollingInterestAssumedThroughAcquisitions
2100000 usd
amps Noncontrolling Interest Assumed Through Acquisitions
NoncontrollingInterestAssumedThroughAcquisitions
13500000 usd
amps Proceeds From Contribution Of Noncontrolling Interest From Common Equity Stockholder
ProceedsFromContributionOfNoncontrollingInterestFromCommonEquityStockholder
-100000 usd
amps Proceeds From Contribution Of Noncontrolling Interest From Common Equity Stockholder
ProceedsFromContributionOfNoncontrollingInterestFromCommonEquityStockholder
11341000 usd
amps Non Redeemable Noncontrolling Interest Accrued Distributions To Noncontrolling Interests
NonRedeemableNoncontrollingInterestAccruedDistributionsToNoncontrollingInterests
1018000 usd
amps Non Redeemable Noncontrolling Interest Accrued Distributions To Noncontrolling Interests
NonRedeemableNoncontrollingInterestAccruedDistributionsToNoncontrollingInterests
0 usd
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
0 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
10000 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
11000 usd
amps Noncash Or Part Noncash Deferred Purchase Price Payable
NoncashOrPartNoncashDeferredPurchasePricePayable
0 usd
amps Noncash Or Part Noncash Deferred Purchase Price Payable
NoncashOrPartNoncashDeferredPurchasePricePayable
7606000 usd
us-gaap Nature Of Operations
NatureOfOperations
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.5pt">General</span><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 Power</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><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%">”), the Company merged (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%">”) with 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>”) and became listed on the New York Stock Exchange under the stock symbol “AMPS.
us-gaap Use Of Estimates
UseOfEstimates
<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%">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, derivative instruments, and Class B common stock, par value $0.0001 per share (“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Alignment Shares</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">”).</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 numberofreportablesegment
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96899000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
160817000 usd
CY2024Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
1334000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
45358000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
12752000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
111327000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
218927000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 numberofreportablesegment
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96899000 usd
CY2024Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
1334000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
45358000 usd
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
13094000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
12752000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
111327000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
218927000 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>
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
120970000 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>
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
151800000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
120970000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8506000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
15892000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
19536000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
11107000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1029000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
23000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
56093000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8506000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
15892000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
19536000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
11107000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1029000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
23000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
56093000 usd
CY2024Q3 amps Period Of Payments For Accounts Receivable From Customers
PeriodOfPaymentsForAccountsReceivableFromCustomers
P30D
CY2024Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
900000 usd
CY2023Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
900000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
1184000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
6083000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
2892000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
513000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
514000 usd
CY2024Q3 amps Lessor Operating Lease Payments To Be Received After Year Four
LessorOperatingLeasePaymentsToBeReceivedAfterYearFour
5255000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
16441000 usd
amps Consolidated Variable Interest Entity
ConsolidatedVariableInterestEntity
37 variableinterestentity
CY2023 amps Consolidated Variable Interest Entity
ConsolidatedVariableInterestEntity
35 variableinterestentity
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
34326000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
17100000 usd
CY2024Q3 amps Period Of Payments For Accounts Receivable From Customers
PeriodOfPaymentsForAccountsReceivableFromCustomers
P30D
CY2024Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
900000 usd
CY2023Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
900000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
1184000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
6083000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
2892000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
513000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
514000 usd
CY2024Q3 amps Lessor Operating Lease Payments To Be Received After Year Four
LessorOperatingLeasePaymentsToBeReceivedAfterYearFour
5255000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
16441000 usd
amps Consolidated Variable Interest Entity
ConsolidatedVariableInterestEntity
37 variableinterestentity
CY2023 amps Consolidated Variable Interest Entity
ConsolidatedVariableInterestEntity
35 variableinterestentity
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1350616000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
12428000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
13722000 usd
CY2024Q3 amps Debt Instrument Unamortized Deferred Financing Costs
DebtInstrumentUnamortizedDeferredFinancingCosts
16748000 usd
CY2023Q4 amps Debt Instrument Unamortized Deferred Financing Costs
DebtInstrumentUnamortizedDeferredFinancingCosts
16165000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
143449000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
39611000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1177991000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1163307000 usd
CY2024Q3 us-gaap Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
40900000 usd
amps Sale Leaseback Transaction Deferred Transaction Cost
SaleLeasebackTransactionDeferredTransactionCost
800000 usd
CY2023Q4 us-gaap Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
41800000 usd
CY2023 amps Sale Leaseback Transaction Deferred Transaction Cost
SaleLeasebackTransactionDeferredTransactionCost
900000 usd
CY2024Q3 amps Payment Of Financing Obligation
PaymentOfFinancingObligation
1200000 usd
CY2023Q3 amps Payment Of Financing Obligation
PaymentOfFinancingObligation
1100000 usd
amps Payment Of Financing Obligation
PaymentOfFinancingObligation
2300000 usd
amps Payment Of Financing Obligation
PaymentOfFinancingObligation
2600000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
400000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
400000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
1300000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
1300000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
500000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
600000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
100000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
916000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2967000 usd
CY2024Q3 amps Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
14143000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
27030000 usd
us-gaap Investment Tax Credit
InvestmentTaxCredit
13200000 usd
CY2024Q3 amps Finance Lease Future Minimum Payments Interest Included In Payments
FinanceLeaseFutureMinimumPaymentsInterestIncludedInPayments
4600000 usd
CY2024Q3 amps Finance Lease Future Minimum Payments Difference Between Lease Payments And Fair Value Of Financing Lease Obligations Acquired
FinanceLeaseFutureMinimumPaymentsDifferenceBetweenLeasePaymentsAndFairValueOfFinancingLeaseObligationsAcquired
500000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1350616000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1232805000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
12428000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
13722000 usd
CY2024Q3 amps Debt Instrument Unamortized Deferred Financing Costs
DebtInstrumentUnamortizedDeferredFinancingCosts
16748000 usd
CY2023Q4 amps Debt Instrument Unamortized Deferred Financing Costs
DebtInstrumentUnamortizedDeferredFinancingCosts
16165000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
39611000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1177991000 usd
CY2024Q3 us-gaap Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
40900000 usd
amps Sale Leaseback Transaction Deferred Transaction Cost
SaleLeasebackTransactionDeferredTransactionCost
800000 usd
CY2023 amps Sale Leaseback Transaction Deferred Transaction Cost
SaleLeasebackTransactionDeferredTransactionCost
900000 usd
CY2024Q3 amps Payment Of Financing Obligation
PaymentOfFinancingObligation
1200000 usd
CY2023Q3 amps Payment Of Financing Obligation
PaymentOfFinancingObligation
1100000 usd
amps Payment Of Financing Obligation
PaymentOfFinancingObligation
2600000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
400000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
400000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
1300000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
1300000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
500000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
600000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
100000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
916000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3023000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2995000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
2986000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2967000 usd
CY2024Q3 amps Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
14143000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
27030000 usd
CY2024Q3 amps Finance Lease Future Minimum Payments Difference Between Lease Payments And Fair Value Of Financing Lease Obligations Acquired
FinanceLeaseFutureMinimumPaymentsDifferenceBetweenLeasePaymentsAndFairValueOfFinancingLeaseObligationsAcquired
500000 usd
CY2024Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
45467000 usd
CY2024Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
15167000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
67760000 usd
CY2024Q3 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
796950 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0358
CY2023Q4 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
996188 shares
CY2023Q4 amps Alignment Shares Outstanding Value
AlignmentSharesOutstandingValue
60502000 usd
CY2022Q4 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
1207500 shares
CY2022Q4 amps Alignment Shares Outstanding Value
AlignmentSharesOutstandingValue
66145000 usd
amps Alignment Shares Converted Shares
AlignmentSharesConvertedShares
199238 shares
amps Alignment Shares Converted Value
AlignmentSharesConvertedValue
10000 usd
amps Alignment Shares Converted Shares
AlignmentSharesConvertedShares
201250 shares
amps Alignment Shares Converted Value
AlignmentSharesConvertedValue
11000 usd
amps Alignment Shares Forfeited Shares
AlignmentSharesForfeitedShares
0 shares
amps Alignment Shares Forfeited Value
AlignmentSharesForfeitedValue
0 usd
amps Alignment Shares Forfeited Shares
AlignmentSharesForfeitedShares
10062 shares
amps Alignment Shares Forfeited Value
AlignmentSharesForfeitedValue
432000 usd
amps Alignment Shares Fair Value Remeasurement Shares
AlignmentSharesFairValueRemeasurementShares
0 shares
amps Alignment Shares Fair Value Remeasurement Value
AlignmentSharesFairValueRemeasurementValue
22899000 usd
CY2023Q3 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
996188 shares
CY2023Q3 amps Alignment Shares Outstanding Value
AlignmentSharesOutstandingValue
42803000 usd
CY2023 amps Common Stock Number Of Votes
CommonStockNumberOfVotes
1 vote
us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
CY2023 us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
18133000 usd
amps Proceeds From Noncontrolling Interest Redeemable
ProceedsFromNoncontrollingInterestRedeemable
2112000 usd
CY2024Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
45467000 usd
CY2024Q3 amps Alignment Shares Liability Fair Value Disclosure
AlignmentSharesLiabilityFairValueDisclosure
12320000 usd
CY2024Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
15167000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
530000 usd
CY2023Q4 amps Alignment Shares Liability Fair Value Disclosure
AlignmentSharesLiabilityFairValueDisclosure
60502000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
67760000 usd
CY2024Q3 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
796950 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.66
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0358
CY2023Q4 amps Alignment Shares Outstanding Value
AlignmentSharesOutstandingValue
60502000 usd
CY2022Q4 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
1207500 shares
CY2022Q4 amps Alignment Shares Outstanding Value
AlignmentSharesOutstandingValue
66145000 usd
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11341000 usd
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P23Y3M18D
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369423000 usd
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us-gaap Variable Lease Cost
VariableLeaseCost
1413000 usd
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1290000 usd
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4641000 usd
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3236000 usd
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13750000 usd
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9221000 usd
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13202000 usd
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15654000 usd
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P23Y3M18D
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P23Y3M18D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0577
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0.0532
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3967000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
15970000 usd
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LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16120000 usd
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LesseeOperatingLeaseLiabilityPaymentsDueYearThree
16219000 usd
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LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16275000 usd
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LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
300872000 usd
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369423000 usd
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LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
174341000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
195082000 usd
amps Guarantor Term Obligations
GuarantorTermObligations
P15Y
CY2024Q3 us-gaap Purchase Obligation
PurchaseObligation
0 usd
CY2023Q4 us-gaap Purchase Obligation
PurchaseObligation
0 usd
amps Commercial Collaboration Agreement Term
CommercialCollaborationAgreementTerm
P7Y
amps Guarantor Term Obligations
GuarantorTermObligations
P15Y
CY2024Q3 us-gaap Purchase Obligation
PurchaseObligation
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P7Y
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P1Y
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ProceedsFromLeasePayments
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ProceedsFromLeasePayments
1800000 usd
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5330000 usd
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17772000 usd
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87000 usd
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312000 usd
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113000 usd
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NetIncomeLossAvailableToCommonStockholdersBasic
17551000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
17551000 usd
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5297000 usd
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NetIncomeLossAvailableToCommonStockholdersBasic
62480000 usd
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17659000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
158719684 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
159641018 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164393794 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
160198154 shares
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EarningsPerShareBasic
0.11
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EarningsPerShareBasic
0.03
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0.11
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0.11
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0.38
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EarningsPerShareDiluted
0.11
CY2024Q3 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
796950 shares
CY2023Q3 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
996188 shares
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4700000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4200000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4700000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11300000 usd
amps Commercial Collaboration Agreement Renewal Term
CommercialCollaborationAgreementRenewalTerm
P1Y
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ProceedsFromLeasePayments
400000 usd
CY2023Q3 us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
0 usd
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1800000 usd
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17638000 usd
CY2023Q3 us-gaap Net Income Loss
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5330000 usd
us-gaap Net Income Loss
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62792000 usd
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17772000 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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87000 usd
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UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
312000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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113000 usd
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17551000 usd
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17551000 usd
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62480000 usd
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17659000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024Q3 us-gaap Earnings Per Share Basic
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0.38
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CY2024Q3 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
796950 shares
CY2023Q3 amps Alignment Shares Outstanding Shares
AlignmentSharesOutstandingShares
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CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4700000 usd
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AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5100000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1900000 usd
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IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 usd
amps Proceeds From Transfer Of Investment Tax Credits
ProceedsFromTransferOfInvestmentTaxCredits
23400000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 usd
amps Proceeds From Transfer Of Investment Tax Credits
ProceedsFromTransferOfInvestmentTaxCredits
23400000 usd

Files In Submission

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