2022 Q3 Form 10-Q Financial Statement

#000180136822000030 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $124.4M $143.6M $166.3M
YoY Change 24.75% 96.34% 177.23%
Cost Of Revenue $22.42M $22.09M $23.17M
YoY Change 2.33% 23.04% 29.46%
Gross Profit $102.0M $121.5M $143.1M
YoY Change 31.06% 120.2% 240.68%
Gross Profit Margin 81.99% 84.61% 86.06%
Selling, General & Admin $17.60M $18.22M $20.57M
YoY Change 28.51% 44.08% 52.81%
% of Gross Profit 17.25% 15.0% 14.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.096M $5.407M $5.260M
YoY Change -69.85% -18.89% -14.47%
% of Gross Profit 2.05% 4.45% 3.68%
Operating Expenses $17.60M $18.22M $20.57M
YoY Change -22.01% 44.08% 52.81%
Operating Profit $79.17M $95.75M $115.0M
YoY Change 46.35% 194.95% 429.84%
Interest Expense -$1.224M -$1.326M -$1.905M
YoY Change -146.65% -150.25% -265.08%
% of Operating Profit -1.55% -1.38% -1.66%
Other Income/Expense, Net $6.168M $2.212M $194.0K
YoY Change 6258.76% -36.87% 252.73%
Pretax Income $84.11M $96.64M $113.3M
YoY Change 63.11% 189.95% 449.8%
Income Tax $20.93M $23.37M $27.76M
% Of Pretax Income 24.89% 24.18% 24.5%
Net Earnings $63.18M $73.27M $85.55M
YoY Change 47.74% 169.71% 430.75%
Net Earnings / Revenue 50.77% 51.04% 51.46%
Basic Earnings Per Share $0.36 $0.42 $0.49
Diluted Earnings Per Share $0.33 $0.38 $0.45
COMMON SHARES
Basic Shares Outstanding 177.5M shares 176.5M shares 176.4M shares
Diluted Shares Outstanding 193.4M shares 193.4M shares 193.5M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.264B $1.264B $1.233B
YoY Change 7.2% 5.62% 4.38%
Cash & Equivalents $428.0M $664.5M $1.233B
Short-Term Investments $836.3M $599.7M
Other Short-Term Assets $11.00M $5.486M $6.447M
YoY Change 122.12% -1.3% -25.03%
Inventory $61.65M $42.24M $39.62M
Prepaid Expenses
Receivables $16.02M $32.75M $37.11M
Other Receivables $3.857M $4.271M $0.00
Total Short-Term Assets $1.357B $1.349B $1.316B
YoY Change 8.06% 8.25% 6.24%
LONG-TERM ASSETS
Property, Plant & Equipment $830.0M $749.8M $668.5M
YoY Change 42.41% 33.75% 25.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.348M $2.519M $2.249M
YoY Change 113.65% 105.46% 176.97%
Total Long-Term Assets $832.4M $752.4M $670.7M
YoY Change 40.15% 31.57% 23.43%
TOTAL ASSETS
Total Short-Term Assets $1.357B $1.349B $1.316B
Total Long-Term Assets $832.4M $752.4M $670.7M
Total Assets $2.189B $2.101B $1.987B
YoY Change 18.37% 15.58% 11.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $70.24M $62.10M $41.65M
YoY Change 152.29% 64.58% 51.47%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $74.75M $66.15M $51.58M
YoY Change 5.62% -26.74% -29.27%
LONG-TERM LIABILITIES
Long-Term Debt $677.6M $676.7M $675.8M
YoY Change 0.52% 0.52% 0.48%
Other Long-Term Liabilities $5.691M $6.315M $7.003M
YoY Change -28.13% -26.17% -24.48%
Total Long-Term Liabilities $872.1M $864.4M $845.3M
YoY Change 5.78% 5.28% 1.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $74.75M $66.15M $51.58M
Total Long-Term Liabilities $872.1M $864.4M $845.3M
Total Liabilities $946.9M $930.5M $896.8M
YoY Change 5.76% 2.1% -1.16%
SHAREHOLDERS EQUITY
Retained Earnings $294.4M $231.2M $158.0M
YoY Change 1156.77% -1295.82% -439.69%
Common Stock $18.00K $18.00K $18.00K
YoY Change 0.0% 0.0% 5.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.242B $1.171B $1.090B
YoY Change
Total Liabilities & Shareholders Equity $2.189B $2.101B $1.987B
YoY Change 18.37% 15.58% 11.48%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $63.18M $73.27M $85.55M
YoY Change 47.74% 169.71% 430.75%
Depreciation, Depletion And Amortization $2.096M $5.407M $5.260M
YoY Change -69.85% -18.89% -14.47%
Cash From Operating Activities $94.56M $98.89M $121.0M
YoY Change 320.35% 156.0% 1195.89%
INVESTING ACTIVITIES
Capital Expenditures -$91.75M -$67.65M $54.93M
YoY Change 119.87% 166.44% 184.65%
Acquisitions
YoY Change
Other Investing Activities -$233.3M -$599.2M $5.130M
YoY Change -9022.75% 11983800.0% 3846.15%
Cash From Investing Activities -$325.1M -$666.8M -$49.80M
YoY Change 731.1% 2525.8% 159.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -651.0K -873.0K -$17.91M
YoY Change -26.02% -32.85% -102.67%
NET CHANGE
Cash From Operating Activities 94.56M 98.89M $121.0M
Cash From Investing Activities -325.1M -666.8M -$49.80M
Cash From Financing Activities -651.0K -873.0K -$17.91M
Net Change In Cash -231.2M -568.8M $53.26M
YoY Change 1221.06% -4866.86% -91.95%
FREE CASH FLOW
Cash From Operating Activities $94.56M $98.89M $121.0M
Capital Expenditures -$91.75M -$67.65M $54.93M
Free Cash Flow $186.3M $166.5M $66.04M
YoY Change 190.09% 160.14% -762.84%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei City Area Code
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dei Entity Registrant Name
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MP Materials Corp. / DE
dei Amendment Flag
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dei Document Fiscal Year Focus
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dei Document Fiscal Period Focus
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dei Current Fiscal Year End Date
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dei Document Type
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dei Document Quarterly Report
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dei Entity Address Address Line1
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6720 Via Austi Parkway, Suite 450
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dei Trading Symbol
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Net Income Loss
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax
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CY2022Q2 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Stockholders Equity
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875157000 usd
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CY2021Q2 us-gaap Stockholders Equity
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Net Income Loss
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10171000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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527000 usd
us-gaap Net Income Loss
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43285000 usd
us-gaap Stockholders Equity Other
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CY2021Q2 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
43285000 usd
us-gaap Depreciation Depletion And Amortization
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10667000 usd
us-gaap Depreciation Depletion And Amortization
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us-gaap Accretion Expense Including Asset Retirement Obligations
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Share Based Compensation
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17213000 usd
us-gaap Share Based Compensation
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us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Inventory Write Down
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mp Contract With Customer Liability Related Parties Revenue Recognized For Debt Principal Reduction
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mp Contract With Customer Liability Related Parties Revenue Recognized For Debt Principal Reduction
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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-3463000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Available For Sale Securities Debt
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599195000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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mp Proceeds From Government Reimbursements For Property Plant And Equipment
ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment
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mp Proceeds From Government Reimbursements For Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
673893000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q2 us-gaap Restricted Cash Current
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CY2021Q2 us-gaap Restricted Cash Current
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CY2022Q2 us-gaap Restricted Cash Noncurrent
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CY2021Q2 us-gaap Restricted Cash Noncurrent
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665586000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Number Of Reportable Segments
NumberOfReportableSegments
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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.
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Financial instruments that potentially subject the Company to credit risk consist principally of cash and cash equivalents, short-term investments and trade accounts receivable. The Company believes that its credit risk is limited because the Company’s current contracts are with companies with a reliable payment history. The Company does not believe that it is exposed to any significant risks related to its cash accounts, money market funds, or short-term investments.<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%">As of June 30, 2022, Shenghe, a related party of the Company and our principal customer, accounted for more than 90% of product sales. Furthermore, while revenue is generated in the United States, Shenghe 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. See </span><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="#i2e307a096c2f46d8a42a970938a76285_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><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 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, 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%">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>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain amounts in prior periods have been reclassified to conform to the current year presentation.
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CY2022Q2 us-gaap Debt Securities Available For Sale Realized Gain Loss
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us-gaap Debt Securities Available For Sale Realized Gain Loss
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CY2022Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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us-gaap Inventory Write Down
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2022Q2 us-gaap Property Plant And Equipment Net
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us-gaap Property Plant And Equipment Additions
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us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
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CY2020Q4 mp Technology Investment Agreement Stage Ii Optimization Contribution
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mp Proceeds From Technology Investment Agreement Stage Ii Optimization Contribution
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CY2022Q2 us-gaap Depreciation
Depreciation
2257000 usd
CY2021Q2 us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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CY2021Q2 us-gaap Depletion
Depletion
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us-gaap Depletion
Depletion
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us-gaap Depletion
Depletion
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us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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CY2022Q2 us-gaap Deferred Finance Costs Net
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CY2021Q4 us-gaap Deferred Finance Costs Net
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CY2022Q2 us-gaap Long Term Debt
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CY2021Q4 us-gaap Long Term Debt
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CY2021Q4 us-gaap Long Term Debt Current
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CY2022Q2 us-gaap Long Term Debt Noncurrent
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CY2021Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
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CY2022Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
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CY2022Q2 mp Asset Retirement Obligations Estimated Undiscounted Cash Flows To Satisfy Obligation
AssetRetirementObligationsEstimatedUndiscountedCashFlowsToSatisfyObligation
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CY2021Q4 mp Asset Retirement Obligations Estimated Undiscounted Cash Flows To Satisfy Obligation
AssetRetirementObligationsEstimatedUndiscountedCashFlowsToSatisfyObligation
167300000 usd
CY2022Q2 mp Asset Retirement Obligation Closure And Reclamation Obligations Financial Assurances
AssetRetirementObligationClosureAndReclamationObligationsFinancialAssurances
42300000 usd
CY2021Q4 mp Asset Retirement Obligation Closure And Reclamation Obligations Financial Assurances
AssetRetirementObligationClosureAndReclamationObligationsFinancialAssurances
39000000 usd
mp Accrual For Environmental Loss Contingencies Remediation Term
AccrualForEnvironmentalLossContingenciesRemediationTerm
P26Y
CY2022Q2 us-gaap Accrual For Environmental Loss Contingencies Discount Rate
AccrualForEnvironmentalLossContingenciesDiscountRate
0.0293
CY2022Q2 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
27400000 usd
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
27700000 usd
CY2022Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
500000 usd
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
500000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.244
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.185
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.198
CY2021Q4 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-1000000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7400000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17200000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4500000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10200000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
300000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
700000 usd
CY2021Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176527570 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
172677923 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176442043 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
170810353 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
3440138 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
5681248 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
15584409 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
15584409 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
15584409 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
8351866 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193414563 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193145644 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193452921 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
186282857 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
73269000 usd
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.185
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
27166000 usd
us-gaap Net Income Loss
NetIncomeLoss
158820000 usd
us-gaap Net Income Loss
NetIncomeLoss
43285000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176527570 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
172677923 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176442043 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
170810353 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.90
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
73269000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
27166000 usd
us-gaap Net Income Loss
NetIncomeLoss
158820000 usd
us-gaap Net Income Loss
NetIncomeLoss
43285000 usd
CY2022Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
993000 usd
CY2021Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
1064000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
1981000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
1106000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
74262000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
28230000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
160801000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
44391000 usd
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193414563 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193145644 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193452921 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
186282857 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.244
us-gaap Interest Paid Net
InterestPaidNet
1040000 usd
us-gaap Interest Paid Net
InterestPaidNet
134000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
16621000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000 usd
mp Capital Expenditures Acquired On Seller Financed Equipment Notes
CapitalExpendituresAcquiredOnSellerFinancedEquipmentNotes
0 usd
mp Capital Expenditures Acquired On Seller Financed Equipment Notes
CapitalExpendituresAcquiredOnSellerFinancedEquipmentNotes
9407000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
31839000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
17372000 usd
mp Notes Reduction Due To Revenue Recognized In Exchange
NotesReductionDueToRevenueRecognizedInExchange
13566000 usd
mp Notes Reduction Due To Revenue Recognized In Exchange
NotesReductionDueToRevenueRecognizedInExchange
22901000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
3401000 usd

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