2021 Q4 Form 10-K Financial Statement

#000182323922000012 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $228.4M $799.2M $98.40M
YoY Change 132.16% 181.33% 173.33%
Cost Of Revenue $40.63M $140.6M $23.40M
YoY Change 73.65% 76.48% 31.46%
Gross Profit $187.8M $658.7M $75.00M
YoY Change 150.41% 222.17% 314.36%
Gross Profit Margin 82.21% 82.41% 76.22%
Selling, General & Admin $27.55M $100.1M $41.60M
YoY Change -33.77% 6.17% 201.45%
% of Gross Profit 14.67% 15.19% 55.47%
Research & Development $8.573M $15.22M $200.0K
YoY Change 4186.5% 63.57% -80.0%
% of Gross Profit 4.56% 2.31% 0.27%
Depreciation & Amortization $3.444M $6.413M $5.800M
YoY Change -40.62% 14.66% -13.43%
% of Gross Profit 1.83% 0.97% 7.73%
Operating Expenses $36.73M $115.3M $43.70M
YoY Change -15.96% 11.33% 158.58%
Operating Profit $151.1M $554.6M $31.30M
YoY Change 382.7% 362.58% 2508.33%
Interest Expense -$4.433M $30.26M -$8.800M
YoY Change -49.63% -1.56% 14.29%
% of Operating Profit -2.93% 5.46% -28.12%
Other Income/Expense, Net -$2.830M $279.0K $0.00
YoY Change 121.43%
Pretax Income $143.8M $530.8M $14.80M
YoY Change 871.77% 549.68% -331.25%
Income Tax $17.58M $61.52M $400.0K
% Of Pretax Income 12.22% 11.59% 2.7%
Net Earnings $55.44M $182.0M $11.43M
YoY Change 385.01% 104.6% -328.62%
Net Earnings / Revenue 24.27% 22.78% 11.62%
Basic Earnings Per Share $1.59
Diluted Earnings Per Share $215.0K $1.56 $208.0K
COMMON SHARES
Basic Shares Outstanding 114.8M shares
Diluted Shares Outstanding 257.8M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $551.3M $551.3M $236.2M
YoY Change 133.39% 133.39%
Cash & Equivalents $551.3M $236.2M
Short-Term Investments
Other Short-Term Assets $19.70M $19.70M $10.90M
YoY Change 80.72% 80.72%
Inventory $51.56M $51.56M $33.30M
Prepaid Expenses
Receivables $117.5M $117.5M $51.02M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $740.0M $740.0M $331.6M
YoY Change 123.17% 123.17%
LONG-TERM ASSETS
Property, Plant & Equipment $46.33M $95.43M $101.3M
YoY Change -54.26% -5.8%
Goodwill $152.8M $224.3M
YoY Change -31.88%
Intangibles $117.6M $177.7M
YoY Change -33.82%
Long-Term Investments
YoY Change
Other Assets $53.45M $812.5M $4.158M
YoY Change 1185.5% 86.39%
Total Long-Term Assets $1.178B $1.178B $939.1M
YoY Change 25.47% 25.46%
TOTAL ASSETS
Total Short-Term Assets $740.0M $740.0M $331.6M
Total Long-Term Assets $1.178B $1.178B $939.1M
Total Assets $1.918B $1.918B $1.271B
YoY Change 50.96% 50.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.154M $8.154M $8.171M
YoY Change -0.21% -0.56%
Accrued Expenses $34.57M $29.34M $38.55M
YoY Change -10.3% 1.17%
Deferred Revenue $10.21M $78.06M
YoY Change -86.92%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M $6.000M $6.000M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $93.78M $93.78M $130.8M
YoY Change -28.29% -28.31%
LONG-TERM LIABILITIES
Long-Term Debt $524.6M $524.6M $528.6M
YoY Change -0.76% -10.3%
Other Long-Term Liabilities $41.07M $754.5M $2.231M
YoY Change 1740.7% 92.58%
Total Long-Term Liabilities $565.7M $1.279B $530.8M
YoY Change 6.56% 30.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $93.78M $93.78M $130.8M
Total Long-Term Liabilities $565.7M $1.279B $530.8M
Total Liabilities $1.373B $1.603B $1.116B
YoY Change 23.03% 35.58%
SHAREHOLDERS EQUITY
Retained Earnings $184.6M $854.0K
YoY Change 21511.36%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $315.5M $315.5M $88.51M
YoY Change
Total Liabilities & Shareholders Equity $1.918B $1.918B $1.271B
YoY Change 50.96% 50.96%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $55.44M $182.0M $11.43M
YoY Change 385.01% 104.6% -328.62%
Depreciation, Depletion And Amortization $3.444M $6.413M $5.800M
YoY Change -40.62% 14.66% -13.43%
Cash From Operating Activities $58.17M $368.6M $79.40M
YoY Change -26.74% 142.18% 763.04%
INVESTING ACTIVITIES
Capital Expenditures -$5.662M $14.85M -$8.800M
YoY Change -35.66% -41.55% 87.23%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 $120.5M $0.00
YoY Change 249.29%
Cash From Investing Activities -$5.662M $105.7M -$8.800M
YoY Change -35.66% 1641.18% 87.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $6.000M
YoY Change -98.54%
Cash From Financing Activities -49.00M -$159.0M 40.70M
YoY Change -220.39% -398.9%
NET CHANGE
Cash From Operating Activities 58.17M $368.6M 79.40M
Cash From Investing Activities -5.662M $105.7M -8.800M
Cash From Financing Activities -49.00M -$159.0M 40.70M
Net Change In Cash 3.507M $315.1M 111.3M
YoY Change -96.85% 48.99% 2373.33%
FREE CASH FLOW
Cash From Operating Activities $58.17M $368.6M $79.40M
Capital Expenditures -$5.662M $14.85M -$8.800M
Free Cash Flow $63.83M $353.7M $88.20M
YoY Change -27.63% 179.01% 534.53%

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us-gaap Stock Repurchased During Period Value
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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us-gaap Limited Liability Company Llc Members Equity Unit Based Compensation
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us-gaap Profit Loss
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CY2020Q4 us-gaap Stock Repurchased And Retired During Period Value
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20387000 USD
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CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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154746000 USD
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53000000 USD
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1670000 USD
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0 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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10458000 USD
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CY2021 us-gaap Profit Loss
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55000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Profit Loss
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5517000 USD
CY2019 mrvi Depreciation Including Adjustments
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3810000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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18339000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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20320000 USD
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2676000 USD
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1825000 USD
CY2019 us-gaap Amortization Of Financing Costs
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1734000 USD
CY2021 us-gaap Share Based Compensation
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10458000 USD
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CY2019 us-gaap Share Based Compensation
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1679000 USD
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0 USD
CY2019 us-gaap Gain Loss On Sale Of Business
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0 USD
CY2021 us-gaap Gain Loss On Sale Of Business
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0 USD
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0 USD
CY2020 us-gaap Research And Development In Process
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CY2019 us-gaap Research And Development In Process
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0 USD
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0 USD
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3239000 USD
CY2019 mrvi Payments Of Financing Costs Operating Activities
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0 USD
CY2021 mrvi Gain Loss On Tax Receivable Agreement
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6101000 USD
CY2020 mrvi Gain Loss On Tax Receivable Agreement
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0 USD
CY2019 mrvi Gain Loss On Tax Receivable Agreement
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152187000 USD
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24115000 USD
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3024000 USD
CY2019 mrvi Payments To Acquire Assets Net Of Cash Acquired
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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14850000 USD
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25408000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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17148000 USD
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548000 USD
CY2020 us-gaap Proceeds From Sale Of Buildings
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34500000 USD
CY2019 us-gaap Proceeds From Sale Of Buildings
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0 USD
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0 USD
CY2019 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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609000000 USD
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227000 USD
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2500000 USD
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1439000 USD
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1300000 USD
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201000 USD
CY2019 us-gaap Repayments Of Long Term Capital Lease Obligations
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140000 USD
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208053000 USD
CY2019 us-gaap Payments Of Merger Related Costs Financing Activities
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1424324000 USD
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1709000 USD
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321000 USD
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17000 USD
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34000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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315088000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
211484000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2834000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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236184000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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24700000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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21866000 USD
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551272000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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236184000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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24700000 USD
CY2021 mrvi Capitalized Costs Under Lease Financing Transaction
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CY2020 us-gaap Interest Paid Net
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28916000 USD
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28728000 USD
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22473000 USD
CY2020 us-gaap Income Taxes Paid
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5006000 USD
CY2019 us-gaap Income Taxes Paid
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802000 USD
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2149000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
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1990000 USD
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2765000 USD
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0 USD
CY2020 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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6000000 USD
CY2019 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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0 USD
CY2020 mrvi Capitalized Costs Under Lease Financing Transaction
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700000 USD
CY2019 mrvi Capitalized Costs Under Lease Financing Transaction
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51200000 USD
CY2021 mrvi Capital Expenditures Incurred But Not Yet Paid Capital Leases
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0 USD
CY2020 mrvi Capital Expenditures Incurred But Not Yet Paid Capital Leases
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0 USD
CY2019 mrvi Capital Expenditures Incurred But Not Yet Paid Capital Leases
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15000 USD
CY2021 us-gaap Conversion Of Stock Amount Converted1
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0 USD
CY2020 us-gaap Conversion Of Stock Amount Converted1
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46422000 USD
CY2019 us-gaap Conversion Of Stock Amount Converted1
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0 USD
CY2021 mrvi Conversion Of Stock Amount Converted For Blocker Mergers
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0 USD
CY2020 mrvi Conversion Of Stock Amount Converted For Blocker Mergers
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782073000 USD
CY2019 mrvi Conversion Of Stock Amount Converted For Blocker Mergers
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0 USD
CY2021 mrvi Conversion Of Stock Deferred Tax Asset
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423361000 USD
CY2020 mrvi Conversion Of Stock Deferred Tax Asset
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441984000 USD
CY2019 mrvi Conversion Of Stock Deferred Tax Asset
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0 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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366179000 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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389546000 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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0 USD
CY2021 mrvi Stock Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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0 USD
CY2020 mrvi Stock Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
2816000 USD
CY2019 mrvi Stock Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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0 USD
CY2021 mrvi Noncash Or Part Noncash Divestiture Receivable From Lessor Funded Financing
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0 USD
CY2020 mrvi Noncash Or Part Noncash Divestiture Receivable From Lessor Funded Financing
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1987000 USD
CY2021 us-gaap Number Of Operating Segments
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3 segment
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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284098000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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143140000 USD
CY2019 mrvi Noncash Or Part Noncash Divestiture Receivable From Lessor Funded Financing
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0 USD
CY2021 us-gaap Use Of Estimates
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<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in accordance with GAAP requires the Company to make judgements, estimates and assumptions that affect the reported amounts of assets, liabilities, equity, revenue and expenses, and related disclosures. These estimates form the basis for judgments the Company makes about the carrying values of assets and liabilities that are not readily apparent from other sources. The Company bases its estimates and judgments on historical experience and on various other assumptions that the Company believes are reasonable under the circumstances. These estimates are based on management’s knowledge about current events and expectations about actions the Company may undertake in the future. Significant estimates include, but are not limited to, the measurement of right-of-use assets and lease liabilities and related incremental borrowing rate, the payable to related parties pursuant to the Tax Receivable Agreement, and the realizability of our net deferred tax assets. Actual results could differ materially from those estimates.</span></div>
CY2021Q4 us-gaap Contract With Customer Asset Net
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0 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
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0 USD
CY2021Q4 us-gaap Contract With Customer Liability
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12600000 USD
CY2020Q4 us-gaap Contract With Customer Liability
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79200000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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799240000 USD
CY2021 us-gaap Advertising Expense
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1300000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
1200000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
1100000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P4Y
CY2021 mrvi Tax Receivable Agreement Percentage Of Tax Benefits Paid
TaxReceivableAgreementPercentageOfTaxBenefitsPaid
0.85
CY2021 mrvi Tax Receivable Agreement Percentage Of Tax Benefits Unpaid
TaxReceivableAgreementPercentageOfTaxBenefitsUnpaid
0.15
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
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400000 USD
CY2021 us-gaap Number Of Reportable Segments
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3 segment
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
300000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentration of Credit RiskFinancial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and accounts receivable. The Company maintains the majority of its cash balances at multiple financial institutions that management believes are of high-credit quality and financially stable. Cash is deposited with major financial institutions in excess of Federal Deposit Insurance Corporation (“FDIC”) insurance limits. The Company believes it is not exposed to significant credit risk due to the financial strength of the depository institutions in which the cash is held. The Company provides credit, in the normal course of business, to international and domestic distributors as well as certain customers, which are geographically dispersed. The Company attempts to limit its credit risk by performing ongoing credit evaluations of its customers and maintaining adequate allowances for potential credit losses.
CY2021Q4 us-gaap Goodwill
Goodwill
152800000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
224300000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
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2231000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
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854000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
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11095000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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101305000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
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431699000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
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4158000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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38546000 USD
CY2020Q4 us-gaap Capital Lease Obligations Noncurrent
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56167000 USD
CY2020Q4 us-gaap Minority Interest
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66235000 USD
CY2021 us-gaap Number Of Reporting Units
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3 reporting_unit
CY2020 us-gaap Number Of Reporting Units
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4 reporting_unit
CY2021 us-gaap Number Of Reporting Units
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3 reporting_unit
CY2021 us-gaap Number Of Reporting Units
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3 reporting_unit
CY2020Q4 us-gaap Goodwill
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224275000 USD
CY2021 us-gaap Goodwill Transfers
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-71509000 USD
CY2021Q4 us-gaap Goodwill
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152766000 USD
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194721000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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77150000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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117571000 USD
CY2021 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P8Y1M6D
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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264217000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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86561000 USD
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177656000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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45529000 USD
CY2020 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P9Y1M6D
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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14600000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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14417000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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14417000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14417000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
14191000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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117571000 USD
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
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19726000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
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11112000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
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21382000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
18333000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
10449000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
3856000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
51557000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
33301000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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12532000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10647000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46332000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
101305000 USD
CY2021 us-gaap Depreciation
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6400000 USD
CY2020 us-gaap Depreciation
Depreciation
5600000 USD
CY2019 us-gaap Depreciation
Depreciation
3800000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
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18894000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
18448000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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3722000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
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0 USD
CY2021Q4 us-gaap Accrued Professional Fees Current
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2897000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
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7670000 USD
CY2021Q4 mrvi Contract With Customer Liability Current Customer Deposits
ContractWithCustomerLiabilityCurrentCustomerDeposits
2429000 USD
CY2020Q4 mrvi Contract With Customer Liability Current Customer Deposits
ContractWithCustomerLiabilityCurrentCustomerDeposits
1091000 USD
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
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1296000 USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
2896000 USD
CY2021Q4 us-gaap Taxes Payable Current
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102000 USD
CY2020Q4 us-gaap Taxes Payable Current
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2290000 USD
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5234000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
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6151000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
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34574000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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38546000 USD
CY2020Q1 us-gaap Sale Leaseback Transaction Gross Proceeds Investing Activities
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34500000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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49095000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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3722000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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40906000 USD
CY2021 us-gaap Operating Lease Cost
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8792000 USD
CY2021 us-gaap Variable Lease Cost
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1759000 USD
CY2021 us-gaap Lease Cost
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10551000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
6335000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5904000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6354000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6535000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6521000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6604000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
23342000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
55260000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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10632000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
44628000 USD
CY2020 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3200000 USD
CY2019 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2500000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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2777000 USD
CY2020Q4 us-gaap Long Term Debt
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400000000 USD
CY2020Q4 us-gaap Repayments Of Lines Of Credit
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50000000 USD
CY2018Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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52000000 USD
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544000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
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550000000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3062000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1336000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1371000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1104000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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5286000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
14936000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
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13409000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
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15386000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
530591000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
534614000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6000000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6000000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
524591000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
528614000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
6000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
6000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
6000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
6000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
6000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
514000000 USD
CY2020Q4 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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544000000 USD
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q4 mrvi Noncontrolling Interest Common Units Acquired
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2732919 shares
CY2021Q4 mrvi Noncontrolling Interest Common Units Acquired Price Per Share
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40.25
CY2021Q4 mrvi Noncontrolling Interest Common Unit Forfeiture Percentage
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0.02036
CY2021 mrvi Preferred Units Cumulative Annual Dividend Percentage
PreferredUnitsCumulativeAnnualDividendPercentage
0.080
CY2021 mrvi Preferred Units Cumulative Annual Dividend Additional Rate Percentage
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0.040
CY2021 mrvi Preferred Units Cumulative Annual Dividend Additional Rate Percentage
PreferredUnitsCumulativeAnnualDividendAdditionalRatePercentage
0.040
CY2021 us-gaap Profit Loss
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469250000 USD
CY2020 us-gaap Profit Loss
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78816000 USD
CY2019 us-gaap Profit Loss
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-5201000 USD
CY2021 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2020 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
15270000 USD
CY2019 us-gaap Preferred Stock Dividends And Other Adjustments
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5681000 USD
CY2021 mrvi Net Income Loss Attributable To Common Noncontrolling Interest
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287213000 USD
CY2020 mrvi Net Income Loss Attributable To Common Noncontrolling Interest
NetIncomeLossAttributableToCommonNoncontrollingInterest
-13342000 USD
CY2019 mrvi Net Income Loss Attributable To Common Noncontrolling Interest
NetIncomeLossAttributableToCommonNoncontrollingInterest
-2396000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
182037000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
76888000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8486000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
182037000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
76888000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8486000 USD
CY2021 us-gaap Dilutive Securities
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132000 USD
CY2020 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2019 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2021 mrvi Dilutive Securities Effect On Basic Earnings Per Share Conversion Of Class B Common Stock
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220187000 USD
CY2020 mrvi Dilutive Securities Effect On Basic Earnings Per Share Conversion Of Class B Common Stock
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-8802000 USD
CY2019 mrvi Dilutive Securities Effect On Basic Earnings Per Share Conversion Of Class B Common Stock
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0 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
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402356000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
68086000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-8486000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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114791000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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10351000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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253917000 shares
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1.59
CY2020 us-gaap Earnings Per Share Basic
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7.43
CY2019 us-gaap Earnings Per Share Basic
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-0.03
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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114791000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10351000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
253917000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
153000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2021 mrvi Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Common Stock
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142859000 shares
CY2020 mrvi Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Common Stock
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfCommonStock
18556000 shares
CY2019 mrvi Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Common Stock
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0 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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257803000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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28908000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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253917000 shares
CY2021 us-gaap Earnings Per Share Diluted
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1.56
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.36
CY2019 us-gaap Earnings Per Share Diluted
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-0.03
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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367000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1586000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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14245000 shares
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28.80
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1514000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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26.98
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P9Y10M24D
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
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1621000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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454000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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39.98
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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5000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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27.00
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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554000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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1409000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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30.47
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P9Y
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
16846000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
282000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
26.98
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y9M18D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
4200000 USD
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
4300000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
18000000 USD
CY2020Q4 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
1000 shares
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10458000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24629000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1679000 USD
CY2020 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
166400000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
530853000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2880000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-652000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5464000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1159000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
82012000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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62014000 USD

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