2023 Q3 Form 10-Q Financial Statement

#000180136823000029 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q4
Revenue $52.52M $64.02M $93.25M
YoY Change -57.8% -55.4% -5.92%
Cost Of Revenue $22.20M $22.70M $24.54M
YoY Change -0.97% 2.75% 32.95%
Gross Profit $30.30M $41.30M $68.71M
YoY Change -70.3% -66.0% -14.81%
Gross Profit Margin 57.7% 64.51% 73.69%
Selling, General & Admin $19.56M $18.87M $19.32M
YoY Change 11.12% 3.53% 21.64%
% of Gross Profit 64.56% 45.68% 28.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.75M $12.20M $5.593M
YoY Change 699.19% 125.69% 21.19%
% of Gross Profit 55.28% 29.55% 8.14%
Operating Expenses $19.56M $18.87M $30.72M
YoY Change 11.12% 3.53% 32.26%
Operating Profit -$17.54M $483.0K $37.99M
YoY Change -122.15% -99.5% -33.85%
Interest Expense -$1.400M -$1.400M -$1.331M
YoY Change 14.38% 5.58% -46.48%
% of Operating Profit -289.86% -3.5%
Other Income/Expense, Net $14.46M $13.82M $10.95M
YoY Change 134.37% 524.82% 11076.53%
Pretax Income -$4.476M $12.91M $47.09M
YoY Change -105.32% -86.64% -13.9%
Income Tax -$200.0K $5.517M -$19.92M
% Of Pretax Income 42.73% -42.3%
Net Earnings -$4.276M $7.395M $67.01M
YoY Change -106.77% -89.91% 36.78%
Net Earnings / Revenue -8.14% 11.55% 71.86%
Basic Earnings Per Share -$0.02 $0.04
Diluted Earnings Per Share -$0.02 $0.04 $0.35
COMMON SHARES
Basic Shares Outstanding 177.6M shares 177.6M shares 177.5M shares
Diluted Shares Outstanding 177.2M shares 177.9M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.085B $1.128B $1.182B
YoY Change -14.21% -10.76% 0.26%
Cash & Equivalents $547.7M $927.2M $136.6M
Short-Term Investments $537.0M $200.8M $1.046B
Other Short-Term Assets $9.200M $12.80M $18.87M
YoY Change -16.39% 133.32% 141.67%
Inventory $77.18M $67.78M $57.55M
Prepaid Expenses
Receivables $13.18M $11.11M $32.86M
Other Receivables $4.100M $4.100M $2.201M
Total Short-Term Assets $1.188B $1.224B $1.294B
YoY Change -12.42% -9.27% 1.33%
LONG-TERM ASSETS
Property, Plant & Equipment $1.098B $1.045B $935.7M
YoY Change 32.25% 39.34% 53.25%
Goodwill
YoY Change
Intangibles $9.179M $89.00K
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $4.070M $3.186M $2.472M
YoY Change 73.34% 26.48% 10.01%
Total Long-Term Assets $1.134B $1.066B $944.0M
YoY Change 36.22% 41.63% 54.03%
TOTAL ASSETS
Total Short-Term Assets $1.188B $1.224B $1.294B
Total Long-Term Assets $1.134B $1.066B $944.0M
Total Assets $2.322B $2.289B $2.238B
YoY Change 6.08% 8.96% 18.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $92.10M $71.70M $72.27M
YoY Change 31.12% 15.46% 102.23%
Accrued Expenses $700.0K $300.0K $56.94M
YoY Change 15849.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.400M $2.500M $0.00
YoY Change
Total Short-Term Liabilities $97.01M $75.77M $97.48M
YoY Change 29.79% 14.55% 63.72%
LONG-TERM LIABILITIES
Long-Term Debt $681.1M $680.2M $678.4M
YoY Change 0.52% 0.52% 0.52%
Other Long-Term Liabilities $3.578M $3.921M $5.000M
YoY Change -37.13% -37.91% -35.49%
Total Long-Term Liabilities $849.1M $848.7M $827.7M
YoY Change -2.63% -1.81% 0.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $97.01M $75.77M $97.48M
Total Long-Term Liabilities $849.1M $848.7M $827.7M
Total Liabilities $946.1M $924.5M $925.2M
YoY Change -0.07% -0.64% 5.02%
SHAREHOLDERS EQUITY
Retained Earnings $402.0M $406.3M $361.4M
YoY Change 36.54% 75.69% 399.09%
Common Stock $17.00K $17.00K $18.00K
YoY Change -5.56% -5.56% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.376B $1.365B $1.313B
YoY Change
Total Liabilities & Shareholders Equity $2.322B $2.289B $2.238B
YoY Change 6.08% 8.96% 18.42%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q4
OPERATING ACTIVITIES
Net Income -$4.276M $7.395M $67.01M
YoY Change -106.77% -89.91% 36.78%
Depreciation, Depletion And Amortization $16.75M $12.20M $5.593M
YoY Change 699.19% 125.69% 21.19%
Cash From Operating Activities $11.00M $10.00M $29.10M
YoY Change -88.37% -89.89% -7.66%
INVESTING ACTIVITIES
Capital Expenditures $58.70M $55.70M $112.3M
YoY Change -163.98% -182.33% -399.77%
Acquisitions
YoY Change
Other Investing Activities -$331.6M $321.7M -$203.0M
YoY Change 42.12% -153.69% -11587.32%
Cash From Investing Activities -$390.3M $265.9M -$315.2M
YoY Change 20.06% -139.87% 783.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.000M -800.0K -4.756M
YoY Change 53.61% -8.36% 35.85%
NET CHANGE
Cash From Operating Activities 11.00M 10.00M 29.10M
Cash From Investing Activities -390.3M 265.9M -315.2M
Cash From Financing Activities -1.000M -800.0K -4.756M
Net Change In Cash -380.3M 275.1M -290.9M
YoY Change 64.51% -148.36% 3689.31%
FREE CASH FLOW
Cash From Operating Activities $11.00M $10.00M $29.10M
Capital Expenditures $58.70M $55.70M $112.3M
Free Cash Flow -$47.70M -$45.70M -$83.17M
YoY Change -125.6% -127.44% -220.61%

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us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
65459000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
219862000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
130236000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
122584000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
320884000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
599195000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
447327000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
731907000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 usd
mp Proceeds From Government Reimbursements For Property Plant And Equipment
ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment
0 usd
mp Proceeds From Government Reimbursements For Property Plant And Equipment
ProceedsFromGovernmentReimbursementsForPropertyPlantAndEquipment
5130000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
728114000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6132000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14296000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7599000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
785974000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-515571000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
143509000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1181157000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
929483000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
665586000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
927245000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
664457000 usd
CY2023Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
1888000 usd
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
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CY2023Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
350000 usd
CY2022Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
529000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
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, cash equivalents and 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 that have 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, 2023, Shenghe was the Company’s principal customer and accounted for more than 90% of product sales. Rare earth concentrate is not quoted on any major commodities market or exchange and demand for rare earth concentrate is currently constrained to a relatively limited number of refiners, a significant majority of which are based in China. Uncertainty exists as to the market price of rare earth oxide (“REO”), as evidenced by the volatility experienced in 2022 and continued into 2023 due to concerns over the global economic conditions and actual or perceived concerns over increases in the supply of rare earth products. 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="ic6ff9ae4fd4e4e829f9027f4bd6d5134_5757"></span>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 previously 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="#id78dc91b6397465ab0789776cdb636f7_76" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 14, “Related-Party Transactions,”</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 impact of the COVID-19 pandemic and its effects continue to evolve. Since the onset of the pandemic, the Company has 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. Despite these factors, the Company has 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 for capital projects and may impact reliability of transportation, particularly as the Company expects a significant increase in inbound logistics of raw materials to be consumed in Stage II 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%">The Company continues to monitor the global situation, including the impacts of new and potential future variants of COVID-19, or other factors that may affect international shipping, logistics, and supply chain, 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.</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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CashEquivalentsAccumulatedGrossUnrealizedGainsBeforeTax
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CashEquivalentsAccumulatedGrossUnrealizedGainsBeforeTax
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us-gaap Interest Income Debt Securities Available For Sale Operating
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CY2023Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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CY2023Q2 mp Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date After Year One Through Two Years
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughTwoYears
22827000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
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CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
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CY2023Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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CY2023Q2 us-gaap Inventory Finished Goods Net Of Reserves
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InventoryFinishedGoodsNetOfReserves
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InventoryNoncurrent
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TotalCurrentAndNonCurrentInventories
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2023Q2 us-gaap Property Plant And Equipment Net
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CY2022Q4 us-gaap Property Plant And Equipment Net
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us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
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us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
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us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
219900000 usd
CY2020Q4 mp Technology Investment Agreement Stage Ii Optimization Contribution
TechnologyInvestmentAgreementStageIIOptimizationContribution
9600000 usd
mp Proceeds From Technology Investment Agreement Stage Ii Optimization Contribution
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mp Proceeds From Technology Investment Agreement Stage Ii Optimization Contribution
ProceedsFromTechnologyInvestmentAgreementStageIIOptimizationContribution
5100000 usd
CY2023Q2 mp Technology Investment Agreement Stage Ii Optimization Contribution
TechnologyInvestmentAgreementStageIIOptimizationContribution
100000 usd
CY2022Q1 mp Hree Production Project Agreement Stage Ii Optimization Contribution
HREEProductionProjectAgreementStageIIOptimizationContribution
35000000 usd
CY2023Q2 us-gaap Depreciation
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9189000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
2257000 usd
us-gaap Depreciation
Depreciation
14434000 usd
us-gaap Depreciation
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4358000 usd
CY2023Q2 us-gaap Depletion
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2963000 usd
CY2022Q2 us-gaap Depletion
Depletion
3075000 usd
us-gaap Depletion
Depletion
5763000 usd
us-gaap Depletion
Depletion
6144000 usd
CY2023Q2 mp Demolition Costs
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mp Demolition Costs
DemolitionCosts
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CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2022Q2 us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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FinanceLeaseLiabilityPaymentsDueYearTwo
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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1337000 usd
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FinanceLeaseLiabilityPaymentsDueYearThree
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CY2023Q2 us-gaap Deferred Finance Costs Net
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CY2022Q4 us-gaap Deferred Finance Costs Net
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CY2023Q2 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt
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CY2023Q2 us-gaap Operating Lease Liability
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CY2023Q2 us-gaap Operating Lease Right Of Use Asset
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CY2023Q2 us-gaap Payments For Tenant Improvements
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CY2023Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
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CY2023Q2 us-gaap Lessee Operating Lease Renewal Term
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mp Annual Base Rent
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q2 us-gaap Finance Lease Liability Payments Due
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CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q2 us-gaap Operating Lease Liability
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CY2022Q4 mp Asset Retirement Obligation Closure And Reclamation Obligations Financial Assurances
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Allocated Share Based Compensation Expense
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17213000 usd
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454000 usd
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EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
278000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
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CY2022Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193414563 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193528819 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193452921 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
7395000 usd
us-gaap Net Income Loss
NetIncomeLoss
158820000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176984917 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176527570 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176933605 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176442043 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.90
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
7395000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
73269000 usd
us-gaap Net Income Loss
NetIncomeLoss
44842000 usd
us-gaap Net Income Loss
NetIncomeLoss
158820000 usd
CY2023Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2022Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
993000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
2025000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
1981000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
7395000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
74262000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
46867000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
160801000 usd
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
177859118 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193414563 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193528819 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193452921 shares
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.230
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
1045000 usd
us-gaap Interest Paid Net
InterestPaidNet
1040000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
23101000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
16621000 usd
us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
-1600000 usd
us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
31839000 usd
mp Notes Reduction Due To Revenue Recognized In Exchange
NotesReductionDueToRevenueRecognizedInExchange
0 usd
mp Notes Reduction Due To Revenue Recognized In Exchange
NotesReductionDueToRevenueRecognizedInExchange
13566000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7304000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
168000 usd
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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