2022 Q2 Form 10-Q Financial Statement

#000002882322000069 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $851.7M $829.8M $1.060B
YoY Change -9.73% -12.09% -4.19%
Cost Of Revenue $677.8M $644.5M $797.7M
YoY Change -2.0% -3.91% -1.87%
Gross Profit $173.9M $185.3M $261.9M
YoY Change -30.96% -32.17% -5.28%
Gross Profit Margin 20.42% 22.33% 24.72%
Selling, General & Admin $155.9M $181.0M $170.5M
YoY Change -23.88% -11.01% -15.8%
% of Gross Profit 89.65% 97.68% 65.1%
Research & Development $25.80M $32.30M $31.00M
YoY Change -27.53% -5.28% -15.3%
% of Gross Profit 14.84% 17.43% 11.84%
Depreciation & Amortization $32.20M $14.50M $34.60M
YoY Change -16.58% -26.77% -17.81%
% of Gross Profit 18.52% 7.83% 13.21%
Operating Expenses $181.7M $268.7M $201.5M
YoY Change -23.97% 13.38% -15.73%
Operating Profit -$7.800M -$83.40M $60.40M
YoY Change -160.47% -330.39% 61.5%
Interest Expense -$46.30M $48.10M -$47.40M
YoY Change -193.16% -1.23% -14.75%
% of Operating Profit -78.48%
Other Income/Expense, Net $4.600M -$48.90M -$3.200M
YoY Change -108.53% 16.43% -218.52%
Pretax Income -$133.2M -$132.3M -$1.300M
YoY Change 224.88% 2181.03% -97.25%
Income Tax $64.20M $50.90M $38.80M
% Of Pretax Income
Net Earnings -$199.2M -$183.1M -$38.30M
YoY Change 557.43% 2160.49% -25.2%
Net Earnings / Revenue -23.39% -22.07% -3.61%
Basic Earnings Per Share -$2.52 -$2.33
Diluted Earnings Per Share -$2.522M -$2.327M -$487.3K
COMMON SHARES
Basic Shares Outstanding 78.97M shares 78.70M shares 78.36M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $281.3M $266.8M $423.2M
YoY Change 21.04% 4.18% 17.0%
Cash & Equivalents $249.9M $224.7M $388.9M
Short-Term Investments $31.40M $42.10M $34.30M
Other Short-Term Assets $362.0M $233.7M $203.1M
YoY Change 45.03% -5.23% -10.53%
Inventory $642.2M $620.8M $544.2M
Prepaid Expenses $49.50M $48.20M
Receivables $563.1M $549.8M $595.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.849B $1.782B $1.887B
YoY Change 1.77% -0.64% 1.62%
LONG-TERM ASSETS
Property, Plant & Equipment $117.2M $131.5M $138.1M
YoY Change -24.04% -16.08% -22.2%
Goodwill $731.9M $743.6M
YoY Change -5.12% -7.1%
Intangibles $324.2M $347.5M
YoY Change -21.06% -22.54%
Long-Term Investments $8.200M $9.700M $11.00M
YoY Change -22.64% -6.73% 6.8%
Other Assets $229.0M $287.8M $329.8M
YoY Change -27.62% -8.58% 169.22%
Total Long-Term Assets $1.334B $1.535B $1.620B
YoY Change -22.41% -10.9% -10.01%
TOTAL ASSETS
Total Short-Term Assets $1.849B $1.782B $1.887B
Total Long-Term Assets $1.334B $1.535B $1.620B
Total Assets $3.182B $3.317B $3.507B
YoY Change -9.99% -5.66% -4.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $718.1M $623.9M $706.3M
YoY Change 27.89% 14.08% 41.29%
Accrued Expenses $135.2M $165.2M $241.0M
YoY Change -36.14% -17.97% -14.63%
Deferred Revenue $322.4M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.80M $10.40M $47.10M
YoY Change -67.17% -5.45% 273.81%
Total Short-Term Liabilities $1.656B $1.663B $1.749B
YoY Change 4.08% 2.06% 6.06%
LONG-TERM LIABILITIES
Long-Term Debt $2.412B $2.341B $2.246B
YoY Change 4.01% 3.07% -3.98%
Other Long-Term Liabilities $225.3M $136.0M $139.5M
YoY Change 54.74% -7.29% 134.45%
Total Long-Term Liabilities $2.637B $136.0M $139.5M
YoY Change 1711.13% -7.29% 134.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.656B $1.663B $1.749B
Total Long-Term Liabilities $2.637B $136.0M $139.5M
Total Liabilities $4.440B $1.799B $1.889B
YoY Change 155.6% 1.29% 10.53%
SHAREHOLDERS EQUITY
Retained Earnings -$1.006B -$822.4M
YoY Change 34.0% 10.79%
Common Stock $939.6M $937.9M
YoY Change 1.3% 3.66%
Preferred Stock
YoY Change
Treasury Stock (at cost) $585.4M $582.1M
YoY Change 0.6% 0.94%
Treasury Stock Shares 16.64M shares 16.25M shares
Shareholders Equity -$1.258B -$1.017B -$845.1M
YoY Change
Total Liabilities & Shareholders Equity $3.182B $3.317B $3.507B
YoY Change -9.99% -5.66% -4.11%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$199.2M -$183.1M -$38.30M
YoY Change 557.43% 2160.49% -25.2%
Depreciation, Depletion And Amortization $32.20M $14.50M $34.60M
YoY Change -16.58% -26.77% -17.81%
Cash From Operating Activities -$81.40M -$226.2M $412.4M
YoY Change 1.75% 246.93% 80.48%
INVESTING ACTIVITIES
Capital Expenditures -$4.100M -$4.000M -$9.100M
YoY Change 10.81% 60.0% -40.52%
Acquisitions
YoY Change
Other Investing Activities $3.000M -$1.800M -$35.50M
YoY Change -82.95% -131.58% 33.46%
Cash From Investing Activities -$1.100M -$5.800M -$44.60M
YoY Change -107.91% -281.25% 6.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.000M
YoY Change -13.79%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 114.7M $65.60M -193.4M
YoY Change 114.79% -363.45% 34.4%
NET CHANGE
Cash From Operating Activities -81.40M -$226.2M 412.4M
Cash From Investing Activities -1.100M -$5.800M -44.60M
Cash From Financing Activities 114.7M $65.60M -193.4M
Net Change In Cash 32.20M -$164.9M 174.4M
YoY Change -353.54% 85.91% 308.43%
FREE CASH FLOW
Cash From Operating Activities -$81.40M -$226.2M $412.4M
Capital Expenditures -$4.100M -$4.000M -$9.100M
Free Cash Flow -$77.30M -$222.2M $421.5M
YoY Change 1.31% 254.39% 72.89%

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CY2022Q1 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
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CY2022Q1 dei Document Period End Date
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CY2022Q1 dei Document Period End Date
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1700000 USD
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
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3300000 USD
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q3 us-gaap Profit Loss
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CY2020Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3500000 USD
CY2020Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5200000 USD
CY2020Q3 dbd Reclassification From Noncontrolling Interests To Redeemable Noncontrolling Interests
ReclassificationFromNoncontrollingInterestsToRedeemableNoncontrollingInterests
31900000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q1 dei Document Period End Date
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2022-03-31
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
13000000.0 USD
CY2022Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-100000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
13100000 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-365400000 USD
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-800000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-33000000.0 USD
CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2100000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
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CY2022Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-100000 USD
CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
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CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
21800000 USD
CY2021Q1 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
16100000 USD
CY2022Q1 dbd Benefit Plan Plan Assets Reimbursementfrom Cta
BenefitPlanPlanAssetsReimbursementfromCTA
16400000 USD
CY2022Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-2100000 USD
CY2021Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-6100000 USD
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2020Q3 dbd Notional Amount Of Derivatives Early Terminated
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625000000.0 USD
CY2020Q4 dbd Payment For Termination Of Interest Rate Derivative Instruments
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6200000 USD
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dbd Fair Value Transfers Between Levels Amount
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0 USD
CY2021Q1 dbd Fair Value Transfers Between Levels Amount
FairValueTransfersBetweenLevelsAmount
0 USD
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2017Q1 dbd Shares Repurchased Of Redeemable Noncontrolling Interest
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6900000 shares
CY2019Q2 dbd Shares Repurchased Of Redeemable Noncontrolling Interest
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1400000 shares
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
158100000 USD
CY2021Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
155600000 USD
CY2022Q1 dbd Revenue From Contract With Customer Percentage
RevenueFromContractWithCustomerPercentage
1
CY2021Q1 dbd Revenue From Contract With Customer Percentage
RevenueFromContractWithCustomerPercentage
1
CY2021Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
595200000 USD
CY2021Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
322400000 USD
CY2022Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
549800000 USD
CY2022Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
379100000 USD
CY2022Q1 dbd Impairment Losses Recognized As Bad Debt Expense
ImpairmentLossesRecognizedAsBadDebtExpense
4600000 USD
CY2021Q1 dbd Impairment Losses Recognized As Bad Debt Expense
ImpairmentLossesRecognizedAsBadDebtExpense
5900000 USD
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2021Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
322400000 USD
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2021Q1 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
94200000 USD
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1400000 USD
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
200000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
300000 USD
CY2022Q1 us-gaap Sales Type Lease Unguaranteed Residual Asset
SalesTypeLeaseUnguaranteedResidualAsset
100000 USD
CY2021Q4 us-gaap Sales Type Lease Unguaranteed Residual Asset
SalesTypeLeaseUnguaranteedResidualAsset
100000 USD
CY2022Q1 dbd Capital Leases Net Investment In Sales Type Leases Minimum Payments To Be Received And Unguaranteed Residual Values
CapitalLeasesNetInvestmentInSalesTypeLeasesMinimumPaymentsToBeReceivedAndUnguaranteedResidualValues
37500000 USD
CY2021Q4 dbd Capital Leases Net Investment In Sales Type Leases Minimum Payments To Be Received And Unguaranteed Residual Values
CapitalLeasesNetInvestmentInSalesTypeLeasesMinimumPaymentsToBeReceivedAndUnguaranteedResidualValues
39300000 USD
CY2022Q1 dbd Capital Leases Net Investment In Sales Type Leases Unearned Interest Income
CapitalLeasesNetInvestmentInSalesTypeLeasesUnearnedInterestIncome
1800000 USD
CY2021Q4 dbd Capital Leases Net Investment In Sales Type Leases Unearned Interest Income
CapitalLeasesNetInvestmentInSalesTypeLeasesUnearnedInterestIncome
1200000 USD
CY2022Q1 dbd Capital Leases Net Investment In Sales Type Leases Receivable Net
CapitalLeasesNetInvestmentInSalesTypeLeasesReceivableNet
35700000 USD
CY2021Q4 dbd Capital Leases Net Investment In Sales Type Leases Receivable Net
CapitalLeasesNetInvestmentInSalesTypeLeasesReceivableNet
38100000 USD
CY2022Q1 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
38400000 USD
CY2022Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
16600000 USD
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
10700000 USD
CY2022Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
8000000.0 USD
CY2022Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
5600000 USD
CY2022Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
5400000 USD
CY2022Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
5100000 USD
CY2022Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
2800000 USD
CY2022Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
37600000 USD
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 us-gaap Revenues
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829800000 USD
CY2021Q1 us-gaap Revenues
Revenues
943900000 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-83400000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
36200000 USD
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-48900000 USD
CY2022Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
500000 USD
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2021Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-42000000.0 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-132300000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5800000 USD
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
18500000 USD
CY2022Q1 us-gaap Revenues
Revenues
829800000 USD
CY2021Q1 us-gaap Revenues
Revenues
943900000 USD
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
50700000 USD
CY2021Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
0.0 USD
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31

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