$ATEX
Anterix Inc.

2021 Q1 Form 10-Q Financial Statement

#000130449221000003 Filed on February 08, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2019 Q4
Revenue $181.0K $236.0K $361.0K
YoY Change -44.65% -34.63% -75.95%
Cost Of Revenue $0.00 $543.0K $631.0K
YoY Change -100.0% -13.95% -35.22%
Gross Profit $181.0K -$307.0K -$270.0K
YoY Change -169.62% 13.7% 138.94%
Gross Profit Margin 100.0% -130.08% -74.79%
Selling, General & Admin $9.410M $9.482M $5.689M
YoY Change 16.32% 66.67% 5589.0%
% of Gross Profit 5198.9%
Research & Development $1.748M $1.244M $610.0K
YoY Change 105.65% 103.93% -5.72%
% of Gross Profit 965.75%
Depreciation & Amortization $113.0K $1.020M $1.100M
YoY Change -90.42% -7.27% 57.14%
% of Gross Profit 62.43%
Operating Expenses $11.27M $10.73M $6.299M
YoY Change 11.5% 70.28% -26.88%
Operating Profit -$11.09M -$12.06M -$9.316M
YoY Change 6.96% 29.5% 6.75%
Interest Expense $9.000K $20.00K $490.0K
YoY Change -97.0% -95.92% 25.64%
% of Operating Profit
Other Income/Expense, Net $82.00K $110.0K $142.0K
YoY Change -56.84% -22.54% -987.5%
Pretax Income -$11.12M -$11.93M -$8.680M
YoY Change 12.0% 37.49% 3.95%
Income Tax -$187.0K $155.0K $131.0K
% Of Pretax Income
Net Earnings -$10.94M -$12.09M -$8.811M
YoY Change -6.84% 37.2% 5.51%
Net Earnings / Revenue -6041.44% -5122.46% -2440.72%
Basic Earnings Per Share
Diluted Earnings Per Share -$621.3K -$691.3K -$515.5K
COMMON SHARES
Basic Shares Outstanding 17.59M 17.49M 17.13M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q4 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $117.5M $108.5M $150.2M
YoY Change -14.52% -27.76% 82.5%
Cash & Equivalents $117.5M $108.5M $150.2M
Short-Term Investments
Other Short-Term Assets $3.508M $4.500M $2.000M
YoY Change -23.74% 125.0% 11.11%
Inventory
Prepaid Expenses
Receivables $4.000K $19.00K $100.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $121.1M $113.0M $152.3M
YoY Change -14.84% -25.78% 79.81%
LONG-TERM ASSETS
Property, Plant & Equipment $3.574M $3.752M $8.088M
YoY Change -48.94% -53.61% -22.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $16.00K $40.00K
YoY Change -60.0%
Other Assets $1.214M $845.0K $200.0K
YoY Change 574.44% 322.5% -76.91%
Total Long-Term Assets $132.0M $128.1M $123.5M
YoY Change 5.4% 3.71% 3.8%
TOTAL ASSETS
Total Short-Term Assets $121.1M $113.0M $152.3M
Total Long-Term Assets $132.0M $128.1M $123.5M
Total Assets $253.1M $241.1M $275.8M
YoY Change -5.36% -12.58% 35.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $500.0K $7.300M $4.500M
YoY Change -22.48% 62.22% 14416.13%
Accrued Expenses $951.0K $1.500M $1.700M
YoY Change -28.39% -11.76%
Deferred Revenue $737.0K $729.0K
YoY Change 0.55%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.615M $9.762M $8.200M
YoY Change -2.36% 19.05% 3.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $876.0K $677.0K $11.10M
YoY Change 36.88% -93.9% 186.23%
Total Long-Term Liabilities $876.0K $677.0K $11.10M
YoY Change 36.88% -93.9% 186.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.615M $9.762M $8.200M
Total Long-Term Liabilities $876.0K $677.0K $11.10M
Total Liabilities $40.55M $21.95M $20.60M
YoY Change 81.57% 6.54% 33.32%
SHAREHOLDERS EQUITY
Retained Earnings -$260.3M -$249.4M -$194.2M
YoY Change 26.44% 28.45% 22.2%
Common Stock $2.000K $2.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $212.5M $219.2M $255.3M
YoY Change
Total Liabilities & Shareholders Equity $253.1M $241.1M $275.8M
YoY Change -5.36% -12.58% 35.41%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2019 Q4
OPERATING ACTIVITIES
Net Income -$10.94M -$12.09M -$8.811M
YoY Change -6.84% 37.2% 5.51%
Depreciation, Depletion And Amortization $113.0K $1.020M $1.100M
YoY Change -90.42% -7.27% 57.14%
Cash From Operating Activities $10.71M -$5.930M -$6.730M
YoY Change -210.54% -11.89% 41.68%
INVESTING ACTIVITIES
Capital Expenditures -$3.054M -$3.090M -$710.0K
YoY Change -5.16% 335.21% 153.57%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$3.054M -$3.090M -$710.0K
YoY Change -5.16% 335.21% 153.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.398M 1.290M 180.0K
YoY Change 1170.91% 616.67% -89.66%
NET CHANGE
Cash From Operating Activities 10.71M -5.930M -6.730M
Cash From Investing Activities -3.054M -3.090M -710.0K
Cash From Financing Activities 1.398M 1.290M 180.0K
Net Change In Cash 9.055M -7.730M -7.260M
YoY Change -170.74% 6.47% 120.67%
FREE CASH FLOW
Cash From Operating Activities $10.71M -$5.930M -$6.730M
Capital Expenditures -$3.054M -$3.090M -$710.0K
Free Cash Flow $13.77M -$2.840M -$6.020M
YoY Change -312.75% -52.82% 34.68%

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(the &#x201C;Company&#x201D;) is a wireless communications company focused on commercializing its spectrum assets to enable its targeted utility and critical infrastructure customers to deploy private broadband networks, technologies and solutions.&nbsp;&nbsp;The Company is the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) with nationwide coverage throughout the contiguous United States, Hawaii, Alaska and Puerto Rico.&nbsp;&nbsp;On May&nbsp;13, 2020, the&nbsp;Federal Communications Commission (&#x201C;FCC&#x201D;)&nbsp;approved a Report and Order to modernize and realign the 900 MHz band to increase its usability and capacity by allowing it to be utilized for the deployment of broadband networks, technologies and solutions (the &#x201C;Report and Order&#x201D;).&nbsp;&nbsp;The Report and Order was published in the Federal Register on July 16, 2020 and became effective on August 17, 2020.&nbsp;&nbsp;The Company is now engaged in qualifying for and securing broadband licenses from the FCC, with a focus on pursuing licenses in those counties in which it believes it has near-term commercial opportunities.&nbsp;&nbsp;At the same time, the Company&#x2019;s sales and marketing organization is pursuing opportunities to lease the broadband licenses it secures to its targeted utility and critical infrastructure customers.</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company was originally incorporated in California in 1997 and reincorporated in Delaware in 2014.&nbsp;&nbsp;In November 2015, the Company changed its name from Pacific DataVision, Inc. to pdvWireless, Inc.&nbsp;&nbsp;On August&nbsp;6, 2019, the Company changed its name from pdvWireless, Inc. to Anterix Inc.&nbsp;&nbsp;The Company maintains offices in Woodland Park, New Jersey and McLean, Virginia.</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">In December 2020, the Company entered into its first long-term 900 MHz broadband spectrum lease agreements (the &#x201C;Lease Agreements&#x201D;) covering Ameren Corporation&#x2019;s (&#x201C;Ameren&#x201D;) service territories.&nbsp;&nbsp;The Lease Agreements will enable Ameren to deploy a private LTE network in its service territories in Missouri and Illinois covering approximately </font><font style="display: inline;">7.5</font><font style="display: inline;"> million people.&nbsp;&nbsp;Each Lease Agreement is for a term of up to </font><font style="display: inline;">40</font><font style="display: inline;"> years, consisting of an initial term of </font><font style="display: inline;">30</font><font style="display: inline;"> years, with an option to extend for an additional </font><font style="display: inline;">10</font><font style="display: inline;">-year term for an additional payment.&nbsp;&nbsp;The scheduled prepayments for the </font><font style="display: inline;">30</font><font style="display: inline;">-year initial terms of the Lease Agreements total approximately </font><font style="display: inline;">$48</font><font style="display: inline;"> million dollars.&nbsp;&nbsp;Full prepayment for the </font><font style="display: inline;">30</font><font style="display: inline;">-year initial terms is due by 2026, with approximately </font><font style="display: inline;">50%</font><font style="display: inline;"> of the total prepayments due June 2021. </font><font style="display: inline;">&nbsp;</font><font style="display: inline;">The timing of these payments is subject to the Company&#x2019;s timely clearing of spectrum and delivery of broadband spectrum licenses.&nbsp;&nbsp;The Company is proactively clearing incumbents from the 900 MHz broadband segments in Ameren&#x2019;s service territories and expects to begin delivering the broadband spectrum licenses by county in June 2021.&nbsp;&nbsp;The Company expects to recognize revenue from the Lease Agreements commencing in fiscal year 2022.&nbsp;&nbsp;Revenue will be recognized as spectrum is delivered based on straight-line amortization over the initial </font><font style="display: inline;">30</font><font style="display: inline;">-year terms of the Lease Agreements.&nbsp;&nbsp;The Lease Agreements are subject to customary approval terms and conditions, including the approval by both companies&#x2019; boards of directors and the Company&#x2019;s ability to secure broadband licenses from the FCC.</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;color:#000000;">Historical Business Operations</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">Historically, the Company generated revenue principally from its pdvConnect and TeamConnect businesses.&nbsp;&nbsp;pdvConnect is a mobile communication and workforce management solution.&nbsp;&nbsp;The Company historically marketed pdvConnect primarily through </font><font style="display: inline;color:#000000;">two</font><font style="display: inline;color:#000000;"> Tier 1 carriers in the United States.&nbsp;&nbsp;In fiscal year 2016, it began offering a commercial push-to-talk (&#x201C;PTT&#x201D;) service, which was marketed as TeamConnect, in </font><font style="display: inline;color:#000000;">seven</font><font style="display: inline;color:#000000;"> major metropolitan areas throughout the United States, including Atlanta, Baltimore/Washington, Chicago, Dallas, Houston, New York and Philadelphia.&nbsp;&nbsp;The TeamConnect service was primarily offered to customers indirectly through third-party sales representatives who were largely selected from Motorola&#x2019;s nationwide dealer network.</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">In June 2018, the Company announced its plan to restructure its operations to align and focus its business priorities on its broadband spectrum initiatives.&nbsp;&nbsp;Consistent with this restructuring plan, the Company transferred its TeamConnect business in December 2018 to A BEEP LLC (&#x201C;A BEEP&#x201D;) and Goosetown Enterprises, Inc (&#x201C;Goosetown&#x201D;), with the Company continuing to provide customer care, billing and collection services through April 1, 2019.&nbsp;&nbsp;On December 31, 2018, the Company entered into a memorandum of understanding (&#x201C;MOU&#x201D;) with the principals of Goosetown.&nbsp;&nbsp;Under the terms of the MOU, the Company assigned the intellectual property rights to its TeamConnect and pdvConnect related applications to TeamConnect LLC (the &#x201C;LLC&#x201D;).&nbsp;&nbsp;The LLC assumed customer care services related to the pdvConnect service, with the Company providing transition services to the LLC through April 1, 2019.&nbsp;&nbsp;On April 1</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> 2020, the Company transferred its pdvConnect customers to the LLC and the LLC agreed to pay the Company a certain portion of the recurring revenues from these customers.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> </p> <p><font size="1"> </font></p> <p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-style:italic;color:#000000;"></font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;color:#000000;">Follow-on Offering</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">In July 2019, the Company completed a registered follow-on offering in which it sold </font><font style="display: inline;">2,222,223</font><font style="display: inline;"> shares of its common stock at a purchase price to the public of </font><font style="display: inline;">$45.00</font><font style="display: inline;"> per share.&nbsp;&nbsp;Net proceeds were approximately </font><font style="display: inline;">$94.2</font><font style="display: inline;">&nbsp;million after deducting </font><font style="display: inline;">$5.5</font><font style="display: inline;">&nbsp;million in underwriting discounts and commissions, and </font><font style="display: inline;">$0.3</font><font style="display: inline;">&nbsp;million in offering expenses.</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;">Executive Succession Plan</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">On June&nbsp;25, 2020, the Company issued a press release announcing an effective date of July 1, 2020 for its executive leadership succession plan (the &#x201C;</font><font style="display: inline;font-weight:bold;font-style:italic;">Succession Plan</font><font style="display: inline;">&#x201D;), which followed the achievement of the FCC Report and Order.</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 0pt 22.5pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;">TeamConnect LLC</font> </p> <p style="margin:0pt 0pt 0pt 22.5pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 0pt 22.5pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">On August 4, 2020, we entered into Amendment 2 (&#x201C;Amendment 2&#x201D;) to the IP Assignment, Software Support, and Development Services Agreement, dated as of January 7, 2019, as previously amended, by and between us and TeamConnect, LLC (the &#x201C;LLC&#x201D;).&nbsp;&nbsp;Under Amendment 2, we agreed to transfer our pdvConnect customers to the LLC, effective as of April 1, 2020</font><font style="display: inline;">, except for one Tier 1 domestic carrier</font><font style="display: inline;">.&nbsp;&nbsp;In exchange for the customer transfer, the LLC agreed to pay us a certain portion of the recurring revenues from these customers.</font><font style="display: inline;"> &nbsp; &nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> 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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-style:italic;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-style:italic;">Reclassifications </font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Certain prior year amounts have been reclassified to conform to the presentation of the corresponding amounts in the financial statements for the three and nine months ended December 31, 2020.&nbsp;&nbsp;These reclassifications had no effect on previously reported net loss or net loss per common share basic and diluted.</font> </p> <p style="margin:0pt 0pt 0pt 22.3pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-style:italic;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div>
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
94244000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2220000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2818000
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7000000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2595000
CY2020Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1098000
us-gaap Restructuring Charges
RestructuringCharges
195000
CY2019Q4 us-gaap Restructuring Charges
RestructuringCharges
35000
us-gaap Restructuring Charges
RestructuringCharges
65000
CY2020Q4 us-gaap Restructuring Charges
RestructuringCharges
44000
us-gaap Restructuring Costs
RestructuringCosts
-2098000
us-gaap Restructuring Costs
RestructuringCosts
-600000
CY2020Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
636000
CY2020Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
36000
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-205914000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-249413000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P30D
us-gaap Revenues
Revenues
1237000
CY2019Q4 us-gaap Revenues
Revenues
361000
us-gaap Revenues
Revenues
740000
CY2020Q4 us-gaap Revenues
Revenues
236000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7904000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
77000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2922000
CY2019Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
949000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1904000
CY2020Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
612000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16167845
CY2019Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17093133
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17350671
CY2020Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17492539
CY2019Q3 us-gaap Shares Issued
SharesIssued
2222223
CY2019Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
45.00
us-gaap Short Term Lease Cost
ShortTermLeaseCost
42000
CY2019Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
10000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
93000
CY2020Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
50000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
180764000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
262482000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
255254000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
245066000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
227298000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
219167000
us-gaap Stock Issued1
StockIssued1
1537000
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
1537000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
94244000
CY2019Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
94200000
CY2019Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1404000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
13245000
CY2020Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2672000
CY2019Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
200000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2818000
CY2020Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1286000
us-gaap Sublease Income
SubleaseIncome
13000
CY2019Q4 us-gaap Sublease Income
SubleaseIncome
4000
us-gaap Sublease Income
SubleaseIncome
6000

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