2021 Q3 Form 10-Q Financial Statement
#000119312521318534 Filed on November 03, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $56.00M | $71.00M |
| YoY Change | -21.13% | -58.72% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $150.0M | $72.00M |
| YoY Change | 108.33% | 380.0% |
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | -$45.00M | -$57.00M |
| YoY Change | -21.05% | -16.18% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$123.0M | -$58.00M |
| YoY Change | 112.07% | -165.17% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$123.0M | -$58.00M |
| YoY Change | 112.07% | -169.88% |
| Net Earnings / Revenue | -219.64% | -81.69% |
| Basic Earnings Per Share | -$2.49 | |
| Diluted Earnings Per Share | -$2.482M | -$1.103M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 49.60M | 52.60M |
| Diluted Shares Outstanding | 49.60M |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $108.0M | $107.0M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | ||
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $19.00M | $20.00M |
| YoY Change | -5.0% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $2.850B | $4.229B |
| YoY Change | -32.61% | -17.03% |
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | ||
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | ||
| Total Long-Term Assets | ||
| Total Assets | $4.816B | $6.551B |
| YoY Change | -26.48% | -13.87% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | $19.00M | $20.00M |
| YoY Change | -5.0% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $19.00M | $20.00M |
| YoY Change | -5.0% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $3.463B | $4.484B |
| YoY Change | -22.77% | -6.47% |
| Other Long-Term Liabilities | $308.0M | $384.0M |
| YoY Change | -19.79% | -5.42% |
| Total Long-Term Liabilities | $3.771B | $4.868B |
| YoY Change | -22.53% | -6.38% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $19.00M | $20.00M |
| Total Long-Term Liabilities | $3.771B | $4.868B |
| Total Liabilities | $4.973B | $6.308B |
| YoY Change | -21.16% | -3.81% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$157.0M | $243.0M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $4.816B | $6.551B |
| YoY Change | -26.48% | -13.87% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$123.0M | -$58.00M |
| YoY Change | 112.07% | -169.88% |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | -$186.0M | -$299.0M |
| YoY Change | -37.79% | -16.48% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $147.0M | $27.00M |
| YoY Change | 444.44% | -94.82% |
| Cash From Investing Activities | $147.0M | $27.00M |
| YoY Change | 444.44% | -94.82% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -196.0M | -71.00M |
| YoY Change | 176.06% | -87.32% |
| NET CHANGE | ||
| Cash From Operating Activities | -186.0M | -299.0M |
| Cash From Investing Activities | 147.0M | 27.00M |
| Cash From Financing Activities | -196.0M | -71.00M |
| Net Change In Cash | -235.0M | -343.0M |
| YoY Change | -31.49% | -13.6% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$186.0M | -$299.0M |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
26000000 | |
| CY2021Q3 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
|
108 | |
| CY2021Q3 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal
|
4228000000 | |
| CY2021Q3 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest
|
3193000000 | |
| CY2021Q3 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding
|
7421000000 | |
| CY2021Q3 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability
|
897000000 | |
| CY2021Q3 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries
|
1831000000 | |
| CY2021Q3 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Net Discount
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount
|
242000000 | |
| CY2021Q3 | us-gaap |
Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
|
8000000 | |
| mbi |
Revenue From Transactions With Other Operating Segments Of Same Entity
RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | ||
| mbi |
Expense From Transactions With Other Operating Segments Of Same Entity
ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | ||
| CY2020Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability
|
1088000000 | |
| CY2020Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
|
119 | |
| CY2020Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal
|
4847000000 | |
| CY2020Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest
|
3469000000 | |
| CY2020Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding
|
8316000000 | |
| CY2020Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries
|
1947000000 | |
| CY2020Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Net Discount
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount
|
173000000 | |
| CY2020Q4 | us-gaap |
Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
|
11000000 | |
| CY2021Q3 | mbi |
Revenue From Customers
RevenueFromCustomers
|
50000000 | |
| CY2021Q3 | mbi |
Revenue From Transactions With Other Operating Segments Of Same Entity
RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| CY2021Q3 | mbi |
Expense From Transactions With Other Operating Segments Of Same Entity
ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49600000 | |
| CY2020Q3 | mbi |
Revenue From Transactions With Other Operating Segments Of Same Entity
RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| CY2020Q3 | mbi |
Expense From Transactions With Other Operating Segments Of Same Entity
ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| mbi |
Revenue From Customers
RevenueFromCustomers
|
114000000 | ||
| mbi |
Revenue From Transactions With Other Operating Segments Of Same Entity
RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | ||
| mbi |
Expense From Transactions With Other Operating Segments Of Same Entity
ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | ||
| CY2020Q3 | mbi |
Revenue From Customers
RevenueFromCustomers
|
34000000 | |
| mbi |
Revenue From Customers
RevenueFromCustomers
|
116000000 | ||
| CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
52600000 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49400000 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
62400000 |
