2022 Q1 Form 10-Q Financial Statement
#000119312522145097 Filed on May 09, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $40.00M | $72.00M |
| YoY Change | -44.44% | -1300.0% |
| 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 | $72.00M | $128.0M |
| YoY Change | -43.75% | -51.7% |
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | -$41.00M | -$50.00M |
| YoY Change | -18.0% | -19.35% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$73.00M | -$106.0M |
| YoY Change | -31.13% | -68.17% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$73.00M | -$106.0M |
| YoY Change | -31.13% | -68.17% |
| Net Earnings / Revenue | -182.5% | -147.22% |
| Basic Earnings Per Share | -$1.48 | |
| Diluted Earnings Per Share | -$1.471M | -$2.150M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 49.60M | 49.30M |
| Diluted Shares Outstanding | 49.60M | 49.30M |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $147.0M | $116.0M |
| 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 | $18.00M | $19.00M |
| YoY Change | -5.26% | -9.52% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $3.603B | $3.252B |
| YoY Change | 10.79% | -25.43% |
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | ||
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | ||
| Total Long-Term Assets | ||
| Total Assets | $4.443B | $5.375B |
| YoY Change | -17.34% | -18.95% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | $18.00M | $19.00M |
| YoY Change | -5.26% | -9.52% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $18.00M | $19.00M |
| YoY Change | -5.26% | -9.52% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $3.492B | $3.675B |
| YoY Change | -4.98% | -16.08% |
| Other Long-Term Liabilities | $291.0M | $333.0M |
| YoY Change | -12.61% | 9.18% |
| Total Long-Term Liabilities | $3.783B | $4.008B |
| YoY Change | -5.61% | -14.43% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $18.00M | $19.00M |
| Total Long-Term Liabilities | $3.783B | $4.008B |
| Total Liabilities | $4.995B | $5.403B |
| YoY Change | -7.55% | -11.93% |
| 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 | -$552.0M | -$28.00M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $4.443B | $5.375B |
| YoY Change | -17.34% | -18.95% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$73.00M | -$106.0M |
| YoY Change | -31.13% | -68.17% |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | $273.0M | $529.0M |
| YoY Change | -48.39% | -745.12% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$254.0M | -$418.0M |
| YoY Change | -39.23% | -168.52% |
| Cash From Investing Activities | -$254.0M | -$418.0M |
| YoY Change | -39.23% | -168.52% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -29.00M | -157.0M |
| YoY Change | -81.53% | -60.15% |
| NET CHANGE | ||
| Cash From Operating Activities | 273.0M | 529.0M |
| Cash From Investing Activities | -254.0M | -418.0M |
| Cash From Financing Activities | -29.00M | -157.0M |
| Net Change In Cash | -10.00M | -46.00M |
| YoY Change | -78.26% | -134.33% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $273.0M | $529.0M |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
25000000 | |
| CY2022Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
54857375 | |
| CY2022Q1 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#OtherAssets | |
| CY2022Q1 | us-gaap |
Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#OperatingLeaseLiability | |
| CY2022Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
|
105 | |
| CY2022Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal
|
3652000000 | |
| CY2022Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest
|
2879000000 | |
| CY2022Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding
|
6531000000 | |
| CY2022Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability
|
1118000000 | |
| CY2022Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries
|
421000000 | |
| CY2022Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Net Discount
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount
|
-187000000 | |
| CY2022Q1 | us-gaap |
Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
|
14000000 | |
| CY2021Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
|
106 | |
| CY2021Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal
|
4091000000 | |
| CY2021Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest
|
3082000000 | |
| CY2021Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding
|
7173000000 | |
| CY2021Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability
|
1051000000 | |
| CY2021Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries
|
1498000000 | |
| CY2021Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Net Discount
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount
|
32000000 | |
| CY2021Q4 | us-gaap |
Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
|
7000000 | |
| CY2022Q1 | mbi |
Revenue From Customers
RevenueFromCustomers
|
27000000 | |
| CY2022Q1 | mbi |
Revenue From Transactions With Other Operating Segments Of Same Entity
RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| CY2022Q1 | mbi |
Expense From Transactions With Other Operating Segments Of Same Entity
ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| CY2021Q1 | mbi |
Revenue From Customers
RevenueFromCustomers
|
34000000 | |
| CY2021Q1 | mbi |
Revenue From Transactions With Other Operating Segments Of Same Entity
RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| CY2021Q1 | mbi |
Expense From Transactions With Other Operating Segments Of Same Entity
ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49600000 | |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49300000 | |
| CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
49600000 | |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
49300000 |
