2019 Q1 Form 10-Q Financial Statement

#000163159619000010 Filed on May 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $66.70M $40.89M
YoY Change 63.12% 131.02%
Cost Of Revenue $34.84M $10.69M
YoY Change 225.91% 170.63%
Gross Profit $31.86M $30.20M
YoY Change 5.5% 119.8%
Gross Profit Margin 47.77% 73.86%
Selling, General & Admin $6.780M $6.600M
YoY Change 2.73% 120.74%
% of Gross Profit 21.28% 21.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $7.601M $6.602M
YoY Change 15.13% 120.95%
Operating Profit $24.26M $23.60M
YoY Change 2.8% 119.48%
Interest Expense $34.84M $10.69M
YoY Change 225.93% 170.43%
% of Operating Profit 143.63% 45.3%
Other Income/Expense, Net $1.949M $9.198M
YoY Change -78.81% 92.03%
Pretax Income $24.26M $23.60M
YoY Change 2.78% 119.43%
Income Tax $9.000K $175.0K
% Of Pretax Income 0.04% 0.74%
Net Earnings $24.25M $23.39M
YoY Change 3.66% 125.41%
Net Earnings / Revenue 36.35% 57.2%
Basic Earnings Per Share $0.43 $0.44
Diluted Earnings Per Share $0.43 $0.44
COMMON SHARES
Basic Shares Outstanding 57.39M shares 53.34M shares
Diluted Shares Outstanding 57.48M shares 53.38M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $228.4M $23.10M
YoY Change 888.74% -84.96%
Cash & Equivalents $228.4M $23.12M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $15.40M $8.800M
Other Receivables $0.00 $0.00
Total Short-Term Assets $243.8M $31.90M
YoY Change 664.26% -79.78%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $32.70M $18.30M
YoY Change 78.69% 114275.0%
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $4.850B $7.573B
YoY Change -35.95% 17.85%
TOTAL ASSETS
Total Short-Term Assets $243.8M $31.90M
Total Long-Term Assets $4.850B $7.573B
Total Assets $5.094B $7.605B
YoY Change -33.02% 15.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.300M $3.100M
YoY Change 38.71% 19.23%
Accrued Expenses $1.126B $5.160B
YoY Change -78.18% -3.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.161B $5.188B
YoY Change -77.62% -2.82%
LONG-TERM LIABILITIES
Long-Term Debt $2.802B $1.364B
YoY Change 105.41% 132.42%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.802B $1.364B
YoY Change 105.41% 132.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.161B $5.188B
Total Long-Term Liabilities $2.802B $1.364B
Total Liabilities $3.963B $6.552B
YoY Change -39.52% 10.57%
SHAREHOLDERS EQUITY
Retained Earnings -$281.0K $8.330M
YoY Change -103.37% -57.98%
Common Stock $574.0K $531.0K
YoY Change 8.1% 68.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.96M $12.44M
YoY Change 189.17%
Treasury Stock Shares
Shareholders Equity $1.129B $1.050B
YoY Change
Total Liabilities & Shareholders Equity $5.094B $7.605B
YoY Change -33.02% 15.51%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $24.25M $23.39M
YoY Change 3.66% 125.41%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $25.61M $18.07M
YoY Change 41.72% 135.54%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $236.5M -$382.3M
YoY Change -161.86% 62.89%
Cash From Investing Activities $236.5M -$382.3M
YoY Change -161.87% 62.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.106M $11.92M
YoY Change -65.55% -108.07%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$120.2M $283.8M
YoY Change -142.36% -0.37%
NET CHANGE
Cash From Operating Activities $25.61M $18.07M
Cash From Investing Activities $236.5M -$382.3M
Cash From Financing Activities -$120.2M $283.8M
Net Change In Cash $141.9M -$80.40M
YoY Change -276.51% -239.15%
FREE CASH FLOW
Cash From Operating Activities $25.61M $18.07M
Capital Expenditures
Free Cash Flow
YoY Change

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
141909000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-80396000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86531000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103520000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
228440000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23124000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
30834000 USD
CY2018Q1 us-gaap Interest Paid Net
InterestPaidNet
8823000 USD
CY2019Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
127000 USD
CY2018Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
98000 USD
CY2019Q1 us-gaap Dividends
Dividends
24850000 USD
CY2018Q1 us-gaap Dividends
Dividends
21458000 USD
CY2019Q1 kref Participating Mortgage Loans Sold Net
ParticipatingMortgageLoansSoldNet
86678000 USD
CY2018Q1 kref Participating Mortgage Loans Sold Net
ParticipatingMortgageLoansSoldNet
0 USD
CY2019Q1 kref Repaymentof Commercial Loans Heldfor Investment
RepaymentofCommercialLoansHeldforInvestment
86678000 USD
CY2018Q1 kref Repaymentof Commercial Loans Heldfor Investment
RepaymentofCommercialLoansHeldforInvestment
0 USD
CY2019Q1 kref Participating Mortgage Loans Sold Additional Funding
ParticipatingMortgageLoansSoldAdditionalFunding
798000 USD
CY2018Q1 kref Participating Mortgage Loans Sold Additional Funding
ParticipatingMortgageLoansSoldAdditionalFunding
0 USD
CY2019Q1 kref Fundingof Commercial Loans Heldfor Investment
FundingofCommercialLoansHeldforInvestment
798000 USD
CY2018Q1 kref Fundingof Commercial Loans Heldfor Investment
FundingofCommercialLoansHeldforInvestment
0 USD
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates <span style="font-family:inherit;font-size:10pt;">— The preparation of </span><span style="font-family:inherit;font-size:10pt;">condensed consolidated</span><span style="font-family:inherit;font-size:10pt;"> financial statements in conformity with </span><span style="font-family:inherit;font-size:10pt;">GAAP</span><span style="font-family:inherit;font-size:10pt;"> requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the </span><span style="font-family:inherit;font-size:10pt;">condensed consolidated</span><span style="font-family:inherit;font-size:10pt;"> financial statements and the reported amounts of revenue and expenses during the reporting period. Management makes subjective estimates to project cash flows </span><span style="font-family:inherit;font-size:10pt;">KREF</span> expects to receive on its investments in loans and securities as well as the related market discount rates, which significantly impacts the interest income, impairments, allowance for loan loss and fair values recorded or disclosed. Actual results could differ from those estimates.
CY2019Q1 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
27400000 USD
CY2018Q4 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
15200000 USD
CY2019Q1 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
1700000 USD
CY2018Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
1400000 USD
CY2019Q1 us-gaap Deposits
Deposits
1900000 USD
CY2019Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2400000 USD
CY2018Q4 kref Accrued Share Buybacks
AccruedShareBuybacks
2000000.0 USD
CY2018Q4 kref Accrued Share Buybacks Deferred Financingand Offering Costs
AccruedShareBuybacksDeferredFinancingandOfferingCosts
1000000.0 USD
CY2018Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4001820000 USD
CY2019Q1 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
324337000 USD
CY2019Q1 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
648493000 USD
CY2019Q1 kref Mortgage Loanson Real Estate Amortizationof Premium Discount Net
MortgageLoansonRealEstateAmortizationofPremiumDiscountNet
-6464000 USD
CY2019Q1 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
3684128000 USD
CY2019Q1 kref Prepayment Penalties
PrepaymentPenalties
200000 USD
CY2019Q1 kref Net Accelerated Fees
NetAcceleratedFees
2300000 USD
CY2018Q4 kref Mortgage Loanson Real Estate Total Exposure
MortgageLoansonRealEstateTotalExposure
67200000 USD
CY2019Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7700000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9200000 USD
CY2019Q1 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.293
CY2018Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.258
CY2019Q1 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.263
CY2018Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.234
CY2019Q1 kref Debt Instrument Collateral Based Margin
DebtInstrumentCollateralBasedMargin
0.017
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
478839000 USD
CY2019Q1 kref Debt Instrument Covenant Total Indebtedness Percentof Total Assets
DebtInstrumentCovenantTotalIndebtednessPercentofTotalAssets
0.750
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
582427000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
597793000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
217660000 USD
CY2019Q1 kref Longterm Debt Maturities Repayments Of Principal After Year Four
LongtermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
0 USD
CY2019Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1876719000 USD
CY2019Q1 kref Longterm Debt Recourse Limit Percent
LongtermDebtRecourseLimitPercent
0.250
CY2019Q1 kref Debt Instrument Covenant Interest Incometo Interest Expense Ratio
DebtInstrumentCovenantInterestIncometoInterestExpenseRatio
1.5
CY2019Q1 kref Debt Instrument Covenant Consolidated Tangible Net Worth Minimum Percentageof Aggregate Cash Proceeds Madeand Capital Contributions Received
DebtInstrumentCovenantConsolidatedTangibleNetWorthMinimumPercentageofAggregateCashProceedsMadeandCapitalContributionsReceived
0.750
CY2019Q1 kref Debt Instrument Covenant Consolidated Tangible Net Worth Amountof Aggregate Cash Proceeds Madeand Capital Contributions Received
DebtInstrumentCovenantConsolidatedTangibleNetWorthAmountofAggregateCashProceedsMadeandCapitalContributionsReceived
800000000.0 USD
CY2019Q1 kref Debt Instrument Covenant Cash Liquidity Amount
DebtInstrumentCovenantCashLiquidityAmount
10000000.0 USD
CY2019Q1 kref Debt Instrument Covenant Cash Liquidity Percentof Recourse Indebtedness
DebtInstrumentCovenantCashLiquidityPercentofRecourseIndebtedness
0.050
CY2019Q1 kref Collateral Assets Under Collateralized Loan Obligations As A Percentage Of Commercial Mortgage Loans
CollateralAssetsUnderCollateralizedLoanObligationsAsAPercentageOfCommercialMortgageLoans
0.259
CY2018 kref Collateral Assets Under Collateralized Loan Obligations As A Percentage Of Commercial Mortgage Loans
CollateralAssetsUnderCollateralizedLoanObligationsAsAPercentageOfCommercialMortgageLoans
0.248
CY2019Q1 kref Percentage Of Collateralized Loan Obligations Under Floating Rate Loans
PercentageOfCollateralizedLoanObligationsUnderFloatingRateLoans
1
CY2019Q1 kref Number Of Equity Method Investments
NumberOfEquityMethodInvestments
2 investment
CY2014Q4 kref Common Stockand Preferred Stock Shares Authorized
CommonStockandPreferredStockSharesAuthorized
350000000 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2016Q1 kref Common Stock Value Per Limited Liability Company Interest Allocation
CommonStockValuePerLimitedLiabilityCompanyInterestAllocation
100000000.0 USD
CY2017Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000.0 USD
CY2017Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
50000000.0 USD
CY2017Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
50000000.0 USD
CY2018Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000.0 USD
CY2018Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
50000000.0 USD
CY2018Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
19.25
CY2018Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
50000000.0 USD
CY2019Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
212809 shares
CY2019Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
19.25
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4100000 USD
CY2019Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
27500000 USD
CY2019Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
57383408 shares
CY2019Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
1862689 shares
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2019Q1 us-gaap Dividends Common Stock
DividendsCommonStock
24761000 USD
CY2019Q1 us-gaap Dividends Common Stock
DividendsCommonStock
24761000 USD
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2018Q1 us-gaap Dividends Common Stock
DividendsCommonStock
21230000 USD
CY2018Q1 us-gaap Dividends Common Stock
DividendsCommonStock
21230000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24705000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23280000 USD
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57387386 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53337915 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
89848 shares
CY2018Q1 us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
40552 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57477234 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53378467 shares
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2018Q2 us-gaap Share Price
SharePrice
20.47
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y2M12D
CY2019Q1 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
6226000 USD
CY2018Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
4712000 USD
CY2019Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
5605000 USD
CY2018Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
4307000 USD
CY2019Q1 kref Mortgage Loanson Real Estate Unamortized Discountsand Deferred Fees
MortgageLoansonRealEstateUnamortizedDiscountsandDeferredFees
-19900000 USD
CY2018Q4 kref Mortgage Loanson Real Estate Unamortized Discountsand Deferred Fees
MortgageLoansonRealEstateUnamortizedDiscountsandDeferredFees
-24900000 USD
CY2018Q4 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Value
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityValue
12731000 USD
CY2019Q1 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Gain Loss Includedin Earnings Net
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisGainLossIncludedinEarningsNet
0 USD
CY2019Q1 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Includedin Earnings
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedinEarnings
-154000 USD
CY2019Q1 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Settlements
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilitySettlements
0 USD
CY2019Q1 kref Fair Value Assets Liabilities Measuredon Recurring Basis Other
FairValueAssetsLiabilitiesMeasuredonRecurringBasisOther
11000 USD
CY2019Q1 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Value
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityValue
12588000 USD
CY2019Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
3803721000 USD
CY2019Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0.0 USD
CY2018Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
200000 USD
CY2019Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD

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