$MP
MP Materials Corp. / DE

2022 Q1 Form 10-Q Financial Statement

#000180136822000017 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $166.3M $59.97M
YoY Change 177.23% 189.45%
Cost Of Revenue $23.17M $17.90M
YoY Change 29.46%
Gross Profit $143.1M $42.00M
YoY Change 240.68%
Gross Profit Margin 86.06% 70.03%
Selling, General & Admin $20.57M $13.46M
YoY Change 52.81%
% of Gross Profit 14.37% 32.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.260M $6.150M
YoY Change -14.47% 383.87%
% of Gross Profit 3.68% 14.64%
Operating Expenses $20.57M $13.46M
YoY Change 52.81% 244590.91%
Operating Profit $115.0M $21.71M
YoY Change 429.84% 720.45%
Interest Expense -$1.905M $1.154M
YoY Change -265.08% 43.71%
% of Operating Profit -1.66% 5.32%
Other Income/Expense, Net $194.0K $55.00K
YoY Change 252.73% -32.93%
Pretax Income $113.3M $20.61M
YoY Change 449.8% 970.65%
Income Tax $27.76M $4.491M
% Of Pretax Income 24.5% 21.79%
Net Earnings $85.55M $16.12M
YoY Change 430.75% 737.35%
Net Earnings / Revenue 51.46% 26.88%
Basic Earnings Per Share $0.49 $0.10
Diluted Earnings Per Share $0.45 $0.09
COMMON SHARES
Basic Shares Outstanding 176.4M shares 168.9M shares
Diluted Shares Outstanding 193.5M shares 179.3M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.233B $1.182B
YoY Change 4.38%
Cash & Equivalents $1.233B $1.182B
Short-Term Investments
Other Short-Term Assets $6.447M $8.600M
YoY Change -25.03% 1620.0%
Inventory $39.62M $35.10M
Prepaid Expenses
Receivables $37.11M $13.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.316B $1.239B
YoY Change 6.24% 206420.17%
LONG-TERM ASSETS
Property, Plant & Equipment $668.5M $532.5M
YoY Change 25.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.249M $812.0K
YoY Change 176.97%
Total Long-Term Assets $670.7M $543.4M
YoY Change 23.43% -1604673.91%
TOTAL ASSETS
Total Short-Term Assets $1.316B $1.239B
Total Long-Term Assets $670.7M $543.4M
Total Assets $1.987B $1.783B
YoY Change 11.48% 314759.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.65M $27.50M
YoY Change 51.47% 6775.0%
Accrued Expenses $300.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $3.105M
YoY Change -100.0%
Total Short-Term Liabilities $51.58M $72.92M
YoY Change -29.27% 13240.0%
LONG-TERM LIABILITIES
Long-Term Debt $675.8M $672.6M
YoY Change 0.48%
Other Long-Term Liabilities $7.003M $9.273M
YoY Change -24.48%
Total Long-Term Liabilities $845.3M $834.4M
YoY Change 1.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $51.58M $72.92M
Total Long-Term Liabilities $845.3M $834.4M
Total Liabilities $896.8M $907.4M
YoY Change -1.16% 181373.8%
SHAREHOLDERS EQUITY
Retained Earnings $158.0M -$46.50M
YoY Change -439.69% 845409.09%
Common Stock $18.00K $17.00K
YoY Change 5.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.090B $875.2M
YoY Change
Total Liabilities & Shareholders Equity $1.987B $1.783B
YoY Change 11.48% 314759.38%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $85.55M $16.12M
YoY Change 430.75% 737.35%
Depreciation, Depletion And Amortization $5.260M $6.150M
YoY Change -14.47% 383.87%
Cash From Operating Activities $121.0M $9.335M
YoY Change 1195.89% 150.0%
INVESTING ACTIVITIES
Capital Expenditures $54.93M $19.30M
YoY Change 184.65% 3022.65%
Acquisitions
YoY Change
Other Investing Activities $5.130M $130.0K
YoY Change 3846.15%
Cash From Investing Activities -$49.80M -$19.17M
YoY Change 159.75% 3002.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$17.91M $671.8M
YoY Change -102.67% -320001.43%
NET CHANGE
Cash From Operating Activities $121.0M $9.335M
Cash From Investing Activities -$49.80M -$19.17M
Cash From Financing Activities -$17.91M $671.8M
Net Change In Cash $53.26M $662.0M
YoY Change -91.95% 22678.91%
FREE CASH FLOW
Cash From Operating Activities $121.0M $9.335M
Capital Expenditures $54.93M $19.30M
Free Cash Flow $66.04M -$9.963M
YoY Change -762.84% -419.74%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 dei Entity Registrant Name
EntityRegistrantName
MP Materials Corp. / DE
CY2022Q1 dei Amendment Flag
AmendmentFlag
false
CY2022Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001801368
CY2022Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q1 dei Document Type
DocumentType
10-Q
CY2022Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q1 dei Entity File Number
EntityFileNumber
001-39277
CY2022Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
16598000 USD
CY2022Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
84-4465489
CY2022Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
6720 Via Austi Parkway, Suite 450
CY2022Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Las Vegas
CY2022Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
NV
CY2022Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
89119
CY2022Q1 dei City Area Code
CityAreaCode
702
CY2022Q1 dei Local Phone Number
LocalPhoneNumber
844-6111
CY2022Q1 dei Security12b Title
Security12bTitle
Common Stock, par value of $0.0001 per share
CY2022Q1 dei Trading Symbol
TradingSymbol
MP
CY2022Q1 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2022Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2022Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2022Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022Q1 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
177526827 shares
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1233300000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1179297000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2022Q1 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
37108000 USD
CY2021Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
51009000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
39619000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
38692000 USD
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6447000 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7809000 USD
CY2022Q1 us-gaap Assets Current
AssetsCurrent
1316474000 USD
CY2021Q4 us-gaap Assets Current
AssetsCurrent
1276807000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
668488000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
610612000 USD
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2249000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2247000 USD
CY2022Q1 us-gaap Assets Noncurrent
AssetsNoncurrent
670737000 USD
CY2021Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
612859000 USD
CY2022Q1 us-gaap Assets
Assets
1987211000 USD
CY2021Q4 us-gaap Assets
Assets
1889666000 USD
CY2022Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
41654000 USD
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
35734000 USD
CY2022Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
5246000 USD
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
3463000 USD
CY2022Q1 mp Long Term Debt Current Maturities Related Parties
LongTermDebtCurrentMaturitiesRelatedParties
0 USD
CY2021Q4 mp Long Term Debt Current Maturities Related Parties
LongTermDebtCurrentMaturitiesRelatedParties
16082000 USD
CY2022Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
4675000 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
4264000 USD
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
51575000 USD
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
59543000 USD
CY2022Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
17888000 USD
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
17615000 USD
CY2022Q1 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
16594000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
675804000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
674927000 USD
CY2022Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
127979000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
104500000 USD
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
7003000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
7751000 USD
CY2022Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
845268000 USD
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
821391000 USD
CY2022Q1 us-gaap Liabilities
Liabilities
896843000 USD
CY2021Q4 us-gaap Liabilities
Liabilities
880934000 USD
CY2022Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
113313000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20610000 USD
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
177526007 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
177526007 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
177816554 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
177816554 shares
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
18000 USD
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
18000 USD
CY2022Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
932384000 USD
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
936299000 USD
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
157966000 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
72415000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1090368000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1008732000 USD
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1987211000 USD
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1889666000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
161755000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
59739000 USD
CY2022Q1 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
4503000 USD
CY2021Q1 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
232000 USD
CY2022Q1 us-gaap Revenues
Revenues
166258000 USD
CY2021Q1 us-gaap Revenues
Revenues
59971000 USD
CY2022Q1 mp Cost Of Revenue Excluding Depreciation Depletion And Amortization
CostOfRevenueExcludingDepreciationDepletionAndAmortization
23173000 USD
CY2021Q1 mp Cost Of Revenue Excluding Depreciation Depletion And Amortization
CostOfRevenueExcludingDepreciationDepletionAndAmortization
17936000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27762000 USD
CY2022Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
20565000 USD
CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13458000 USD
CY2022Q1 mp Advanced Projects Development And Other Expense
AdvancedProjectsDevelopmentAndOtherExpense
1818000 USD
CY2021Q1 mp Advanced Projects Development And Other Expense
AdvancedProjectsDevelopmentAndOtherExpense
125000 USD
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5260000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6150000 USD
CY2022Q1 us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
418000 USD
CY2021Q1 us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
593000 USD
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
51234000 USD
CY2021Q1 us-gaap Costs And Expenses
CostsAndExpenses
38262000 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
115024000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
21709000 USD
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
194000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
55000 USD
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1905000 USD
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1154000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4491000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
85551000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
16119000 USD
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176355566 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
168922566 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193490330 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
179319489 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1008732000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10179000 USD
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
14094000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
85551000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1090368000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
853877000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5673000 USD
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
334000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
16119000 USD
CY2021Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
178000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
875157000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
85551000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
16119000 USD
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5260000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6150000 USD
CY2022Q1 us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
418000 USD
CY2021Q1 us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
593000 USD
CY2022Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-257000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
133000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
9773000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5673000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1394000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1064000 USD
CY2022Q1 mp Contract With Customer Liability Related Parties Revenue Recognized For Debt Principal Reduction
ContractWithCustomerLiabilityRelatedPartiesRevenueRecognizedForDebtPrincipalReduction
13566000 USD
CY2021Q1 mp Contract With Customer Liability Related Parties Revenue Recognized For Debt Principal Reduction
ContractWithCustomerLiabilityRelatedPartiesRevenueRecognizedForDebtPrincipalReduction
11276000 USD
CY2022Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-23479000 USD
CY2021Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-4162000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-13901000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10336000 USD
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
927000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2826000 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-694000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2231000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7176000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3050000 USD
CY2022Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1783000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
130000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-674000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
120971000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9335000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54932000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19298000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
125000 USD
CY2022Q1 mp Proceeds From Government Reimbursements For Property Plant And Equipment
ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment
5130000 USD
CY2021Q1 mp Proceeds From Government Reimbursements For Property Plant And Equipment
ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment
0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49802000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19173000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
690000000 USD
CY2022Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
3817000 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
276000 USD
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2021Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
17419000 USD
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14094000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
334000 USD
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-178000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17911000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
671793000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
53258000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
661955000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1181157000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
532440000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1234415000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1194395000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1233300000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1181515000 USD
CY2022Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
587000 USD
CY2021Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
3765000 USD
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
528000 USD
CY2021Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
9115000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1234415000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1194395000 USD
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
As of March 31, 2022, Shenghe, a related party of the Company, accounted for more than 90% of product sales. See <span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i91f4e823331a4dc0aecabe724cbf2dbc_40" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 3, “Relationship and Agreements with Shenghe,”</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information.</span><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Furthermore, while revenue is generated in the United States, our principal customer conducts its primary operations in China and may transport and sell products in the Chinese market. Therefore, the Company’s revenue is affected by Shenghe’s ultimate realized prices in China. In addition, there is an ongoing economic conflict between China and the United States that has resulted in tariffs and trade barriers that may negatively affect the Company’s business and results of operations.</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2019, a novel strain of coronavirus (known as “COVID-19”) began to impact the population of China. In March 2020, the outbreak of COVID-19 was declared a global pandemic after growing both in the United States and globally. The responses by governments, societies, and private sector entities to the COVID-19 pandemic, which include temporary </span></div><div style="margin-bottom:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">closures of businesses, social distancing, travel restrictions, “shelter in place,” and other governmental regulations and various economic stimulus programs, have significantly impacted market volatility and general global economic conditions, including significant business and supply chain disruption as well as broad-based changes in supply and demand.</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Since the onset of the COVID-19 pandemic in the first quarter of 2020, we have experienced, at times, significant shipping delays due to congestion and slowdowns at U.S. and international ports caused by shortages in vessels, containers, and truckers, also disrupting the global supply chain. Congestion and slowdowns have affected and may continue to affect the capacity at ports to receive deliveries of products or the loading of shipments onto vessels. Despite these factors, we have not experienced a reduction in production or sales due to the COVID-19 pandemic; however, the COVID-19 pandemic has contributed to certain cost and schedule pressures on the Stage II optimization project. The Company has worked proactively and diligently to adjust working schedules and hours to optimize logistics and shipping, which has thus far prevented a significant negative impact on our product sales and has mitigated certain impacts on Stage II construction and recommissioning progress. However, there can be no assurance that the ongoing COVID-19 pandemic will not have a negative impact on our production, sales, or growth projects in the future.</span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Furthermore, as the situation continues to evolve, including as a result of new and potential future variants of COVID-19, the possibility of federal or state mandates on vaccinations, or other factors that may affect international shipping and logistics or involve responses to government actions such as strikes or other disruptions, it is impossible to predict the effect and ultimate impact of the COVID-19 pandemic on the Company’s business and results of operations. The extent and duration of any business disruptions, and related financial impact, cannot be estimated at this time.</span></div>
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
The preparation of the unaudited Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities at the date of the unaudited Condensed Consolidated Financial Statements, and (iii) the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results may differ from those estimates.
CY2022Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain amounts in prior periods have been reclassified to conform to the current year presentation.
CY2022Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
11246000 USD
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
10711000 USD
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
26799000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
25574000 USD
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1574000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2407000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
39619000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
38692000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
711885000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
650241000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
43397000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
39629000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
668488000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
610612000 USD
CY2022Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
68000000 USD
CY2021Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
27300000 USD
CY2020Q4 mp Technology Investment Agreement Stage Ii Optimization Contribution
TechnologyInvestmentAgreementStageIIOptimizationContribution
9600000 USD
CY2022Q1 mp Proceeds From Technology Investment Agreement Stage Ii Optimization Contribution
ProceedsFromTechnologyInvestmentAgreementStageIIOptimizationContribution
5100000 USD
CY2022Q1 mp Technology Investment Agreement Stage Ii Optimization Contribution
TechnologyInvestmentAgreementStageIIOptimizationContribution
100000 USD
CY2022Q1 mp Hree Production Project Agreement Stage Ii Optimization Contribution
HREEProductionProjectAgreementStageIIOptimizationContribution
35000000 USD
CY2022Q1 us-gaap Depreciation
Depreciation
2101000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
1529000 USD
CY2022Q1 us-gaap Depletion
Depletion
3069000 USD
CY2021Q1 us-gaap Depletion
Depletion
4531000 USD
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2022Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
14196000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
15073000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
675804000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
674927000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
675804000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
674927000 USD
CY2022Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
100000 USD
CY2021Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
100000 USD
CY2022Q1 mp Asset Retirement Obligations Estimated Undiscounted Cash Flows To Satisfy Obligation
AssetRetirementObligationsEstimatedUndiscountedCashFlowsToSatisfyObligation
167200000 USD
CY2021Q4 mp Asset Retirement Obligations Estimated Undiscounted Cash Flows To Satisfy Obligation
AssetRetirementObligationsEstimatedUndiscountedCashFlowsToSatisfyObligation
167300000 USD
CY2021Q4 mp Asset Retirement Obligation Closure And Reclamation Obligations Financial Assurances
AssetRetirementObligationClosureAndReclamationObligationsFinancialAssurances
39000000 USD
CY2022Q1 mp Asset Retirement Obligation Closure And Reclamation Obligations Financial Assurances
AssetRetirementObligationClosureAndReclamationObligationsFinancialAssurances
39000000 USD
CY2022Q1 mp Accrual For Environmental Loss Contingencies Remediation Term
AccrualForEnvironmentalLossContingenciesRemediationTerm
P26Y
CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies Discount Rate
AccrualForEnvironmentalLossContingenciesDiscountRate
0.0293
CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
27600000 USD
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
27700000 USD
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
500000 USD
CY2022Q1 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
500000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.245
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.218
CY2021Q1 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
57000 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
86539000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
16176000 USD
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193490330 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
179319489 shares
CY2021Q4 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-1000000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9800000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5700000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
400000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176355566 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
168922566 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
7922357 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
15584409 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1038961 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193490330 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
179319489 shares
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
85551000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
16119000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176355566 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
168922566 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
85551000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
16119000 USD
CY2022Q1 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
988000 USD
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.245
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.218
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
83000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
39000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2500000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-6000 USD
CY2022Q1 mp Capital Expenditures Acquired On Seller Financed Equipment Notes
CapitalExpendituresAcquiredOnSellerFinancedEquipmentNotes
0 USD
CY2021Q1 mp Capital Expenditures Acquired On Seller Financed Equipment Notes
CapitalExpendituresAcquiredOnSellerFinancedEquipmentNotes
9407000 USD
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
13096000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7985000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
36000 USD
CY2022Q1 mp Notes Reduction Due To Revenue Recognized In Exchange
NotesReductionDueToRevenueRecognizedInExchange
13566000 USD
CY2021Q1 mp Notes Reduction Due To Revenue Recognized In Exchange
NotesReductionDueToRevenueRecognizedInExchange
11276000 USD

Files In Submission

Name View Source Status
0001801368-22-000017-index-headers.html Edgar Link pending
0001801368-22-000017-index.html Edgar Link pending
0001801368-22-000017.txt Edgar Link pending
0001801368-22-000017-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mp-20220331.htm Edgar Link pending
mp-20220331.xsd Edgar Link pending
mp-20220331_cal.xml Edgar Link unprocessable
mp-20220331_def.xml Edgar Link unprocessable
mp-20220331_g1.jpg Edgar Link pending
mp-20220331_htm.xml Edgar Link completed
mp-20220331_lab.xml Edgar Link unprocessable
mp-20220331_pre.xml Edgar Link unprocessable
mpmcexhibit10133122.htm Edgar Link pending
mpmcexhibit31133122.htm Edgar Link pending
mpmcexhibit31233122.htm Edgar Link pending
mpmcexhibit32133122.htm Edgar Link pending
mpmcexhibit32233122.htm Edgar Link pending
mpmcexhibit95133122.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending