2021 Q2 Form 10-Q Financial Statement

#000180116921000101 Filed on August 11, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q4 2020 Q2
Revenue $1.186B $248.9M $739.8M
YoY Change 60.31% -80.18% -41.3%
Cost Of Revenue $1.027B $210.5M $685.3M
YoY Change 49.87% -82.19%
Gross Profit $159.0M $38.37M $54.57M
YoY Change 191.35% -48.13% -33.08%
Gross Profit Margin 13.41% 15.41% 7.38%
Selling, General & Admin $287.0M $92.10M $76.59M
YoY Change 274.73% -26.73%
% of Gross Profit 180.5% 240.06% 140.34%
Research & Development $24.00M $12.40M $16.84M
YoY Change 42.53% -11.43%
% of Gross Profit 15.09% 32.32% 30.85%
Depreciation & Amortization $6.000M $7.500M $5.900M
YoY Change 1.69% -15.73%
% of Gross Profit 3.77% 19.55% 10.81%
Operating Expenses $311.0M $104.5M $93.43M
YoY Change 232.88% -25.2%
Operating Profit -$152.0M -$66.13M -$38.85M
YoY Change 291.23% 0.6%
Interest Expense $16.00M -$11.10M $17.29M
YoY Change -7.46% -61.72%
% of Operating Profit
Other Income/Expense, Net $0.00 $700.0K $180.0K
YoY Change -100.0% -76.67%
Pretax Income -$144.0M -$88.00M -$55.84M
YoY Change 157.88% -4.14%
Income Tax $200.0K -$200.0K $100.0K
% Of Pretax Income
Net Earnings -$144.0M -$87.79M -$55.92M
YoY Change 157.52% -4.28% -25.58%
Net Earnings / Revenue -12.14% -35.27% -7.56%
Basic Earnings Per Share -$0.24 -$0.49 -$0.66
Diluted Earnings Per Share -$0.24 -$0.49 -$0.66
COMMON SHARES
Basic Shares Outstanding 588.4M shares 84.59M shares
Diluted Shares Outstanding 588.4M shares 84.59M shares

Balance Sheet

Concept 2021 Q2 2020 Q4 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.758B $1.461B
YoY Change 225.62%
Cash & Equivalents $1.558B $1.413B $458.1M
Short-Term Investments $200.1M $47.64M
Other Short-Term Assets $67.15M $24.00M
YoY Change -22.28%
Inventory $2.724B $465.9M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $4.739B $2.053B
YoY Change -1.66%
LONG-TERM ASSETS
Property, Plant & Equipment $33.96M $29.00M
YoY Change -16.2%
Goodwill $30.95M $31.00M
YoY Change 0.18%
Intangibles $7.754M $9.000M
YoY Change -27.5%
Long-Term Investments
YoY Change
Other Assets $11.40M $4.000M
YoY Change -25.84%
Total Long-Term Assets $129.6M $123.0M
YoY Change -14.61%
TOTAL ASSETS
Total Short-Term Assets $4.739B $2.053B
Total Long-Term Assets $129.6M $123.0M
Total Assets $4.868B $2.176B
YoY Change -2.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $70.90M $2.800M
YoY Change
Accrued Expenses $9.604M $11.00M
YoY Change -32.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.691B $346.3M
YoY Change -67.76%
Total Short-Term Liabilities $1.810B $393.0M
YoY Change -65.11%
LONG-TERM LIABILITIES
Long-Term Debt $595.6M $135.5M
YoY Change
Other Long-Term Liabilities $117.0K $94.00K
YoY Change -54.81%
Total Long-Term Liabilities $117.0K $94.00K
YoY Change -54.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.810B $393.0M
Total Long-Term Liabilities $117.0K $94.00K
Total Liabilities $2.450B $623.0M
YoY Change -60.65%
SHAREHOLDERS EQUITY
Retained Earnings -$1.458B -$1.043B
YoY Change 31.94%
Common Stock $59.00K $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.418B $1.600B
YoY Change
Total Liabilities & Shareholders Equity $4.868B $2.176B
YoY Change -2.5%

Cashflow Statement

Concept 2021 Q2 2020 Q4 2020 Q2
OPERATING ACTIVITIES
Net Income -$144.0M -$87.79M -$55.92M
YoY Change 157.52% -4.28% -25.58%
Depreciation, Depletion And Amortization $6.000M $7.500M $5.900M
YoY Change 1.69% -15.73%
Cash From Operating Activities -$1.907B -$355.5M
YoY Change -973.46%
INVESTING ACTIVITIES
Capital Expenditures -$7.097M -$5.200M
YoY Change -16.13%
Acquisitions
YoY Change
Other Investing Activities -$141.7M $34.30M
YoY Change -468.82%
Cash From Investing Activities -$148.7M $28.90M
YoY Change -286.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.562B 1.189B
YoY Change 31176.32%
NET CHANGE
Cash From Operating Activities -1.907B -355.5M
Cash From Investing Activities -148.7M 28.90M
Cash From Financing Activities 1.562B 1.189B
Net Change In Cash -493.8M 861.9M
YoY Change 2872.07%
FREE CASH FLOW
Cash From Operating Activities -$1.907B -$355.5M
Capital Expenditures -$7.097M -$5.200M
Free Cash Flow -$1.900B -$350.3M
YoY Change -846.91%

Facts In Submission

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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Profit Loss
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020Q2 us-gaap Profit Loss
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Profit Loss
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Depreciation Amortization And Accretion Net
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us-gaap Depreciation Amortization And Accretion Net
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Capitalized Computer Software Amortization1
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2515000 USD
us-gaap Capitalized Computer Software Amortization1
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Gain Loss On Termination Of Lease
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us-gaap Gain Loss On Termination Of Lease
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us-gaap Inventory Write Down
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us-gaap Inventory Write Down
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7452000 USD
us-gaap Unrealized Gain Loss On Derivatives
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438000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
527000 USD
us-gaap Paid In Kind Interest
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us-gaap Paid In Kind Interest
PaidInKindInterest
2704000 USD
open Dividend In Kind
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open Dividend In Kind
DividendInKind
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open Net Fair Value Adjustments And Gain Loss On Sale Of Mortgage Loans Held For Sale
NetFairValueAdjustmentsAndGainLossOnSaleOfMortgageLoansHeldForSale
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open Net Fair Value Adjustments And Gain Loss On Sale Of Mortgage Loans Held For Sale
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us-gaap Payments For Origination And Purchases Of Loans Held For Sale
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us-gaap Payments For Origination And Purchases Of Loans Held For Sale
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us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
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us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
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open Increase Decrease In Escrow Receivable
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open Increase Decrease In Escrow Receivable
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us-gaap Increase Decrease In Mortgage Loans Held For Sale
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us-gaap Increase Decrease In Mortgage Loans Held For Sale
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us-gaap Increase Decrease In Other Operating Assets
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open Increase Decrease In Lease Liabilities
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open Increase Decrease In Lease Liabilities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Intangible Assets
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240000 USD
us-gaap Payments To Acquire Intangible Assets
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us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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55666000 USD
open Payments To Acquire Equity Securities Fvni
PaymentsToAcquireEquitySecuritiesFVNI
10000000 USD
open Payments To Acquire Equity Securities Fvni
PaymentsToAcquireEquitySecuritiesFVNI
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-174023000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68920000 USD
us-gaap Proceeds From Stock Options Exercised
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6739000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
688000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
4823000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
886067000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
28876000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
open Proceeds From Credit Facilities And Other Secured Borrowings
ProceedsFromCreditFacilitiesAndOtherSecuredBorrowings
3241692000 USD
open Proceeds From Credit Facilities And Other Secured Borrowings
ProceedsFromCreditFacilitiesAndOtherSecuredBorrowings
824597000 USD
open Principal Payments On Credit Facilities And Other Secured Borrowings
PrincipalPaymentsOnCreditFacilitiesAndOtherSecuredBorrowings
1438136000 USD
open Principal Payments On Credit Facilities And Other Secured Borrowings
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1723443000 USD
us-gaap Payments Of Financing Costs
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2239000 USD
us-gaap Payments Of Financing Costs
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2386000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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2670070000 USD
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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183939000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1505528000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
684822000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1689467000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
665705000 USD
us-gaap Interest Paid Net
InterestPaidNet
20526000 USD
us-gaap Interest Paid Net
InterestPaidNet
40333000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1557815000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
458058000 USD
CY2021Q2 us-gaap Restricted Cash
RestrictedCash
131652000 USD
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
207647000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1689467000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
665705000 USD
open Number Of Home Transactions Completed
NumberOfHomeTransactionsCompleted
100000 home
open Number Of Currently Operated Markets
NumberOfCurrentlyOperatedMarkets
39 market
CY2020Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
47349000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
622924000 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2596012000 USD
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RetainedEarningsAccumulatedDeficit
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1552658000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results may differ materially from such estimates. Significant estimates, assumptions and judgments made by management include, among others, the determination of the fair value of common stock, share-based awards, warrants, derivatives, convertible notes, and inventory impairment (“real estate inventory valuation adjustment”). Management believes that the estimates and judgments upon which they rely are reasonable based upon information available to them at the time that these estimates and judgments are made. To the extent that there are material differences between these estimates and actual results, the Company’s financial statements will be affected. The COVID-19 pandemic introduced significant additional uncertainties with respect to estimates, judgments and assumptions, which may materially impact these estimates.</span></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents, investments in marketable securities, and mortgage loans held for sale pledged under agreements to repurchase (“MLHFS”). The Company places cash and cash equivalents and investments with major financial institutions, which management assesses to be of high credit quality, in order to limit exposure of the Company’s investments.</span></div>Similarly, the Company’s credit risk on mortgage loans held for sale is mitigated due to a large number of customers. Further, the Company’s credit risk on mortgage loans held for sale is mitigated by the fact that the Company typically sells mortgages on the secondary market within a relatively short period of time after which the Company’s exposure is limited to borrower defaults within the initial few months of the mortgage.
CY2021Q2 us-gaap Impairment Of Long Lived Assets Held For Use
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900000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3500000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1800000 USD
CY2020Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1800000 USD
CY2020Q4 open Business Combination Consideration Transferred Stock Issued Conversion Ratio
BusinessCombinationConsiderationTransferredStockIssuedConversionRatio
1
CY2021Q2 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1025954000 USD
CY2020Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
183004000 USD
CY2021Q2 open Inventory Real Estate Finished Goods
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1697694000 USD
CY2020Q4 open Inventory Real Estate Finished Goods
InventoryRealEstateFinishedGoods
282932000 USD
CY2021Q2 us-gaap Inventory Real Estate
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2723648000 USD
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465936000 USD
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1757958000 USD
CY2021Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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0 USD
CY2021Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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0 USD
CY2021Q2 open Cash Cash Equivalents And Available For Sale Debt Securities
CashCashEquivalentsAndAvailableForSaleDebtSecurities
1757958000 USD
CY2021Q2 open Debt Securities Available For Sale Cash And Cash Equivalents
DebtSecuritiesAvailableForSaleCashAndCashEquivalents
1557815000 USD
CY2021Q2 open Debt Securities Available For Sale Marketable Securities
DebtSecuritiesAvailableForSaleMarketableSecurities
200143000 USD
CY2021Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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10000000.0 USD
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1460260000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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48000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
6000 USD
CY2020Q4 open Cash Cash Equivalents And Available For Sale Debt Securities
CashCashEquivalentsAndAvailableForSaleDebtSecurities
1460302000 USD
CY2020Q4 open Debt Securities Available For Sale Cash And Cash Equivalents
DebtSecuritiesAvailableForSaleCashAndCashEquivalents
1412665000 USD
CY2020Q4 open Debt Securities Available For Sale Marketable Securities
DebtSecuritiesAvailableForSaleMarketableSecurities
47637000 USD
CY2021Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
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CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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31445000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
6000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
31445000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
6000 USD
CY2020 us-gaap Goodwill Acquired During Period
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0 USD
us-gaap Goodwill Impairment Loss
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0 USD
CY2021Q2 us-gaap Debt Instrument Face Amount
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CY2021Q2 us-gaap Debt Instrument Carrying Amount
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449000000 USD
CY2021Q2 us-gaap Deferred Finance Costs Net
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3154000 USD
CY2021Q2 us-gaap Long Term Debt
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445846000 USD
CY2021Q2 us-gaap Property Plant And Equipment Gross
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77021000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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63486000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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43059000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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34258000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
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33962000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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29228000 USD
CY2021Q2 us-gaap Depreciation Depletion And Amortization
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6100000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11700000 USD
CY2020Q2 us-gaap Depreciation Depletion And Amortization
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5900000 USD
us-gaap Goodwill Acquired During Period
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0 USD
us-gaap Depreciation Depletion And Amortization
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10900000 USD
CY2021Q2 us-gaap Goodwill Impairment Loss
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0 USD
us-gaap Goodwill Impairment Loss
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0 USD
CY2020Q2 us-gaap Goodwill Impairment Loss
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0 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
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16061000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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8466000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
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7595000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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15821000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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7295000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
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8526000 USD
CY2020Q4 us-gaap Indefinite Lived Trade Names
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200000 USD
CY2021Q2 us-gaap Indefinite Lived Trade Names
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200000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
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600000 USD
us-gaap Amortization Of Intangible Assets
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1200000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
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1100000 USD
us-gaap Amortization Of Intangible Assets
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2200000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1281000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2428000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2320000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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1566000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
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7595000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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24158000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
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4242000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.91
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y4M24D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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502767000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.63
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
173000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.72
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
2000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
3.02
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
19741000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.84
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
310914000 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
16305000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.66
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y6M
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
261938000 USD
CY2021Q2 open Class Of Warrant Or Right Reference Value
ClassOfWarrantOrRightReferenceValue
18.00
CY2021Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
164216000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3670000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
403048000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6640000 USD
CY2020Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2020Q2 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
open Class Of Warrants And Rights Redemption Price Per Share
ClassOfWarrantsAndRightsRedemptionPricePerShare
0.01
CY2021Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
19933333 shares
CY2021Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
19400000 shares
CY2021Q2 open Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
500000 shares
CY2021Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-24000000.0 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-8700000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0013
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0007
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0014
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0017
us-gaap Dividends
Dividends
0 USD
CY2021Q2 us-gaap Dividends
Dividends
0 USD
us-gaap Dividends
Dividends
0 USD
CY2020Q2 us-gaap Dividends
Dividends
0 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-143805000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-55919000 USD
us-gaap Profit Loss
ProfitLoss
-414241000 USD
us-gaap Profit Loss
ProfitLoss
-118115000 USD
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
588374000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
588374000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84588000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84588000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
576941000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
576941000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84308000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84308000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.66
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.66
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.40
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.40
CY2021Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
0 USD
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
96263000 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
379929000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
96263000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
379929000 shares
CY2021Q2 us-gaap Recorded Unconditional Purchase Obligation Minimum Quantity Required
RecordedUnconditionalPurchaseObligationMinimumQuantityRequired
8158 home
CY2021Q2 us-gaap Recorded Unconditional Purchase Obligation
RecordedUnconditionalPurchaseObligation
2962300000 USD
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
5200000 USD

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