$MP
MP Materials Corp. / DE

2022 Q4 Form 10-Q Financial Statement

#000180136822000036 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $93.25M $124.4M
YoY Change -5.92% 24.75%
Cost Of Revenue $24.54M $22.42M
YoY Change 32.95% 2.33%
Gross Profit $68.71M $102.0M
YoY Change -14.81% 31.06%
Gross Profit Margin 73.69% 81.99%
Selling, General & Admin $19.32M $17.60M
YoY Change 21.64% 28.51%
% of Gross Profit 28.11% 17.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.593M $2.096M
YoY Change 21.19% -69.85%
% of Gross Profit 8.14% 2.05%
Operating Expenses $30.72M $17.60M
YoY Change 32.26% -22.01%
Operating Profit $37.99M $79.17M
YoY Change -33.85% 46.35%
Interest Expense -$1.331M -$1.224M
YoY Change -46.48% -146.65%
% of Operating Profit -3.5% -1.55%
Other Income/Expense, Net $10.95M $6.168M
YoY Change 11076.53% 6258.76%
Pretax Income $47.09M $84.11M
YoY Change -13.9% 63.11%
Income Tax -$19.92M $20.93M
% Of Pretax Income -42.3% 24.89%
Net Earnings $67.01M $63.18M
YoY Change 36.78% 47.74%
Net Earnings / Revenue 71.86% 50.77%
Basic Earnings Per Share $0.36
Diluted Earnings Per Share $0.35 $0.33
COMMON SHARES
Basic Shares Outstanding 177.5M shares 177.5M shares
Diluted Shares Outstanding 193.4M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.182B $1.264B
YoY Change 0.26% 7.2%
Cash & Equivalents $136.6M $428.0M
Short-Term Investments $1.046B $836.3M
Other Short-Term Assets $18.87M $11.00M
YoY Change 141.67% 122.12%
Inventory $57.55M $61.65M
Prepaid Expenses
Receivables $32.86M $16.02M
Other Receivables $2.201M $3.857M
Total Short-Term Assets $1.294B $1.357B
YoY Change 1.33% 8.06%
LONG-TERM ASSETS
Property, Plant & Equipment $935.7M $830.0M
YoY Change 53.25% 42.41%
Goodwill
YoY Change
Intangibles $89.00K
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $2.472M $2.348M
YoY Change 10.01% 113.65%
Total Long-Term Assets $944.0M $832.4M
YoY Change 54.03% 40.15%
TOTAL ASSETS
Total Short-Term Assets $1.294B $1.357B
Total Long-Term Assets $944.0M $832.4M
Total Assets $2.238B $2.189B
YoY Change 18.42% 18.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.27M $70.24M
YoY Change 102.23% 152.29%
Accrued Expenses $56.94M
YoY Change 15849.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $97.48M $74.75M
YoY Change 63.72% 5.62%
LONG-TERM LIABILITIES
Long-Term Debt $678.4M $677.6M
YoY Change 0.52% 0.52%
Other Long-Term Liabilities $5.000M $5.691M
YoY Change -35.49% -28.13%
Total Long-Term Liabilities $827.7M $872.1M
YoY Change 0.76% 5.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $97.48M $74.75M
Total Long-Term Liabilities $827.7M $872.1M
Total Liabilities $925.2M $946.9M
YoY Change 5.02% 5.76%
SHAREHOLDERS EQUITY
Retained Earnings $361.4M $294.4M
YoY Change 399.09% 1156.77%
Common Stock $18.00K $18.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.313B $1.242B
YoY Change
Total Liabilities & Shareholders Equity $2.238B $2.189B
YoY Change 18.42% 18.37%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $67.01M $63.18M
YoY Change 36.78% 47.74%
Depreciation, Depletion And Amortization $5.593M $2.096M
YoY Change 21.19% -69.85%
Cash From Operating Activities $29.10M $94.56M
YoY Change -7.66% 320.35%
INVESTING ACTIVITIES
Capital Expenditures $112.3M -$91.75M
YoY Change -399.77% 119.87%
Acquisitions
YoY Change
Other Investing Activities -$203.0M -$233.3M
YoY Change -11587.32% -9022.75%
Cash From Investing Activities -$315.2M -$325.1M
YoY Change 783.46% 731.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.756M -651.0K
YoY Change 35.85% -26.02%
NET CHANGE
Cash From Operating Activities 29.10M 94.56M
Cash From Investing Activities -315.2M -325.1M
Cash From Financing Activities -4.756M -651.0K
Net Change In Cash -290.9M -231.2M
YoY Change 3689.31% 1221.06%
FREE CASH FLOW
Cash From Operating Activities $29.10M $94.56M
Capital Expenditures $112.3M -$91.75M
Free Cash Flow -$83.17M $186.3M
YoY Change -220.61% 190.09%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity File Number
EntityFileNumber
001-39277
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Registrant Name
EntityRegistrantName
MP Materials Corp. / DE
dei Amendment Flag
AmendmentFlag
false
dei Entity Central Index Key
EntityCentralIndexKey
0001801368
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Transition Report
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false
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
84-4465489
dei Entity Address Address Line1
EntityAddressAddressLine1
6720 Via Austi Parkway, Suite 450
dei Entity Address City Or Town
EntityAddressCityOrTown
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dei Entity Address State Or Province
EntityAddressStateOrProvince
NV
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
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dei City Area Code
CityAreaCode
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dei Local Phone Number
LocalPhoneNumber
844-6111
dei Security12b Title
Security12bTitle
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dei Trading Symbol
TradingSymbol
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dei Security Exchange Name
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CY2021Q3 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Stockholders Equity
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1008732000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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25970000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Net Income Loss
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853877000 usd
mp Stock Issued During Period Value Warrants
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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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954195000 usd
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us-gaap Net Income Loss
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86048000 usd
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12763000 usd
us-gaap Depreciation Depletion And Amortization
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19767000 usd
us-gaap Accretion Expense Including Asset Retirement Obligations
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1255000 usd
us-gaap Accretion Expense Including Asset Retirement Obligations
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1780000 usd
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us-gaap Share Based Compensation
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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 Accrued Income Taxes Payable
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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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mp Proceeds From Government Reimbursements For Property Plant And Equipment
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mp Proceeds From Government Reimbursements For Property Plant And Equipment
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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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
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656394000 usd
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Number Of Reportable Segments
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us-gaap Use Of Estimates
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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 September 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. <span id="i8eb86160a6164cca888edc10c4b3171b_6882"/>Therefore, the Company’s revenue is affected by Shenghe’s ultimate realized prices in China, including the impact of changes in the exchange rate between the Chinese Yuan and the U.S. dollar. 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="#i480c34ef3e5d425f9931499215d77c69_43" 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%">The COVID-19 pandemic remains on-going and continues to impact the global economy. Varying degrees of preventative measures are still in place in China and other parts of the world, including city-wide lockdowns, travel restrictions, closures of non-essential businesses and other quarantine measures. In particular, preventative measures remain prevalent in China as a result of the Chinese government’s “Zero-COVID” policy. Since 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.</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, results of operations, production and sales volumes, or growth projects. Accordingly, the extent and duration of any business disruptions, and related financial impact, cannot be estimated at this time.</span></div>
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CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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us-gaap Inventory Write Down
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us-gaap Prior Period Reclassification Adjustment Description
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Certain amounts in prior periods have been reclassified to conform to the current year presentation.
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us-gaap Debt Securities Available For Sale Realized Loss
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CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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us-gaap Inventory Write Down
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us-gaap Property Plant And Equipment Additions
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us-gaap Property Plant And Equipment Additions
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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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mp Proceeds From Technology Investment Agreement Stage Ii Optimization Contribution
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CY2022Q3 mp Technology Investment Agreement Stage Ii Optimization Contribution
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CY2022Q1 mp Hree Production Project Agreement Stage Ii Optimization Contribution
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us-gaap Property Plant And Equipment Gross Period Increase Decrease
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us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
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CY2022Q3 us-gaap Depreciation
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Depreciation
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us-gaap Depreciation
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us-gaap Depreciation
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5528000 usd
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CY2021Q3 us-gaap Depletion
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us-gaap Depletion
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us-gaap Depletion
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CY2022Q3 us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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CY2022Q3 us-gaap Deferred Finance Costs Net
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CY2021Q4 us-gaap Deferred Finance Costs Net
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15073000 usd
CY2022Q3 us-gaap Long Term Debt
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CY2021Q4 us-gaap Long Term Debt
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CY2022Q3 us-gaap Long Term Debt Noncurrent
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CY2021Q4 us-gaap Long Term Debt Noncurrent
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us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
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CY2022Q3 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
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us-gaap Property Plant And Equipment Gross Period Increase Decrease
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CY2022Q3 us-gaap Property Plant And Equipment Gross Period Increase Decrease
PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease
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us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease
-2700000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease
-2700000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
17757000 usd
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
25646000 usd
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
123000 usd
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
199000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
879000 usd
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1876000 usd
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
0 usd
CY2021 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
213000 usd
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-13114000 usd
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-9779000 usd
CY2022Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
5399000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
17757000 usd
CY2022Q3 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
27300000 usd
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
27700000 usd
CY2021Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
100000 usd
CY2022Q3 mp Asset Retirement Obligations Estimated Undiscounted Cash Flows To Satisfy Obligation
AssetRetirementObligationsEstimatedUndiscountedCashFlowsToSatisfyObligation
50400000 usd
CY2021Q4 mp Asset Retirement Obligations Estimated Undiscounted Cash Flows To Satisfy Obligation
AssetRetirementObligationsEstimatedUndiscountedCashFlowsToSatisfyObligation
167300000 usd
mp Accrual For Environmental Loss Contingencies Remediation Term
AccrualForEnvironmentalLossContingenciesRemediationTerm
P25Y
CY2022Q3 us-gaap Accrual For Environmental Loss Contingencies Discount Rate
AccrualForEnvironmentalLossContingenciesDiscountRate
0.0293
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
500000 usd
CY2022Q3 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
500000 usd
CY2022Q3 mp Asset Retirement Obligation Closure And Reclamation Obligations Financial Assurances
AssetRetirementObligationClosureAndReclamationObligationsFinancialAssurances
43400000 usd
CY2021Q4 mp Asset Retirement Obligation Closure And Reclamation Obligations Financial Assurances
AssetRetirementObligationClosureAndReclamationObligationsFinancialAssurances
39000000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.249
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.245
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.171
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.184
CY2021Q4 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-1000000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7800000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25000000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4500000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14700000 usd
CY2022Q3 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
1000000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 usd
CY2021Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
188639373 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176543624 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176053586 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176476276 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
172577303 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2021Q3 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
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
3787498 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
15584409 shares
CY2021Q3 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
10789206 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193409857 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193215313 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193438939 shares
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
63177000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
42763000 usd
us-gaap Net Income Loss
NetIncomeLoss
221997000 usd
us-gaap Net Income Loss
NetIncomeLoss
86048000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176543624 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176053586 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176476276 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
172577303 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
63177000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
42763000 usd
us-gaap Net Income Loss
NetIncomeLoss
221997000 usd
us-gaap Net Income Loss
NetIncomeLoss
86048000 usd
CY2022Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
985000 usd
CY2021Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
1084000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
2967000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
2190000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
64162000 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
43847000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
224964000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
88238000 usd
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193409857 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193215313 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193438939 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
188639373 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.249
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.245
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.171
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.184
us-gaap Interest Paid Net
InterestPaidNet
1140000 usd
us-gaap Interest Paid Net
InterestPaidNet
1116000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
16827000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1000 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
35779000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7416000 usd
mp Notes Reduction Due To Revenue Recognized In Exchange
NotesReductionDueToRevenueRecognizedInExchange
13566000 usd
mp Notes Reduction Due To Revenue Recognized In Exchange
NotesReductionDueToRevenueRecognizedInExchange
38858000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
3401000 usd
mp Decrease In Estimates Of Asset Retirement Costs Net
DecreaseInEstimatesOfAssetRetirementCostsNet
10395000 usd
mp Decrease In Estimates Of Asset Retirement Costs Net
DecreaseInEstimatesOfAssetRetirementCostsNet
0 usd

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