2021 Q2 Form 10-Q Financial Statement

#000155837021008486 Filed on June 22, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q1
Revenue $124.6M $71.96M $40.82M
YoY Change 83.19% 76.29% 89.77%
Cost Of Revenue $164.9M $84.13M $50.52M
YoY Change 142.4% 66.52% 72.72%
Gross Profit -$40.30M -$12.17M -$9.703M
YoY Change 268553.33% 25.44% 25.36%
Gross Profit Margin -32.35% -16.91% -23.77%
Selling, General & Admin $38.65M $25.58M $11.11M
YoY Change 78.58% 130.25% 20.48%
% of Gross Profit
Research & Development $11.25M $9.742M $4.774M
YoY Change 130.8% 104.06% 58.82%
% of Gross Profit
Depreciation & Amortization $4.590M $5.514M $2.991M
YoY Change 39.09% 84.35% 8.84%
% of Gross Profit
Operating Expenses $49.34M $36.11M $15.88M
YoY Change 86.07% 127.36% 29.9%
Operating Profit -$89.64M -$48.28M -$25.59M
YoY Change 237.84% 88.7% 28.14%
Interest Expense $10.27M $12.33M $11.79M
YoY Change -23.19% 4.62% -212.28%
% of Operating Profit
Other Income/Expense, Net -$100.0K -$200.0K -$11.85M
YoY Change -99.26% -98.31% 40.12%
Pretax Income -$99.63M -$60.75M -$37.43M
YoY Change 272.16% 62.28% 22.54%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$99.63M -$60.75M -$37.43M
YoY Change 959.82% 62.28% 22.54%
Net Earnings / Revenue -79.99% -84.42% -91.7%
Basic Earnings Per Share -$0.12
Diluted Earnings Per Share -$175.7K -$0.12 -$122.5K
COMMON SHARES
Basic Shares Outstanding 568.3M 513.5M
Diluted Shares Outstanding 513.5M

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.403B $4.754B $74.30M
YoY Change 2787.14% 6298.82% 89.06%
Cash & Equivalents $3.160B $4.349B $74.34M
Short-Term Investments $1.243B $405.3M
Other Short-Term Assets $262.4M $111.5M $85.30M
YoY Change 220.0% 30.72% 188.18%
Inventory $209.8M $187.7M $92.97M
Prepaid Expenses
Receivables $91.40M $42.60M $24.40M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.966B $5.096B $277.4M
YoY Change 1157.59% 1737.46% 66.37%
LONG-TERM ASSETS
Property, Plant & Equipment $110.5M $292.8M $269.4M
YoY Change -66.99% 8.69% 73.25%
Goodwill $72.10M $72.00M $8.673M
YoY Change 2.62% 730.16% -2.4%
Intangibles $38.05M $38.39M $5.696M
YoY Change -2.37% 574.03% 54.91%
Long-Term Investments
YoY Change
Other Assets $360.2M $286.9M $188.1M
YoY Change 87.7% 52.53% 204.86%
Total Long-Term Assets $822.4M $690.1M $354.0M
YoY Change 63.24% 94.93% 82.38%
TOTAL ASSETS
Total Short-Term Assets $4.966B $5.096B $277.4M
Total Long-Term Assets $822.4M $690.1M $354.0M
Total Assets $5.789B $5.786B $631.4M
YoY Change 544.12% 816.47% 74.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $70.03M $47.17M $35.50M
YoY Change 75.89% 32.86% 12.04%
Accrued Expenses $35.41M $28.60M $14.87M
YoY Change 48.03% 92.3% 128.45%
Deferred Revenue $27.00M $16.95M $11.56M
YoY Change 81.21% 46.65% -1.53%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $30.40M $21.39M $27.82M
YoY Change -40.31% -23.11% 121.51%
Total Short-Term Liabilities $251.1M $191.8M $133.6M
YoY Change 33.86% 43.61% 57.99%
LONG-TERM LIABILITIES
Long-Term Debt $496.4M $490.8M $192.0M
YoY Change 103.03% 155.63% 39.43%
Other Long-Term Liabilities $42.97M $40.43M $2.386M
YoY Change 196.86% 1594.43% -36.31%
Total Long-Term Liabilities $42.97M $40.43M $2.386M
YoY Change 196.86% 1594.43% -36.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $251.1M $191.8M $133.6M
Total Long-Term Liabilities $42.97M $40.43M $2.386M
Total Liabilities $958.0M $867.2M $526.3M
YoY Change 44.24% 64.78% 56.51%
SHAREHOLDERS EQUITY
Retained Earnings -$2.097B $9.600M -$1.388B
YoY Change 50.11% -100.69% 6.99%
Common Stock $5.868M $5.823M $3.222M
YoY Change 68.52% 80.73% 31.78%
Preferred Stock
YoY Change
Treasury Stock (at cost) $40.43M $40.43M $31.22M
YoY Change 28.94% 29.5% 1.92%
Treasury Stock Shares $15.93M $15.93M
Shareholders Equity $4.831B $4.919B $104.4M
YoY Change
Total Liabilities & Shareholders Equity $5.789B $5.786B $631.4M
YoY Change 544.12% 816.47% 74.98%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$99.63M -$60.75M -$37.43M
YoY Change 959.82% 62.28% 22.54%
Depreciation, Depletion And Amortization $4.590M $5.514M $2.991M
YoY Change 39.09% 84.35% 8.84%
Cash From Operating Activities -$129.5M -$117.1M -$60.40M
YoY Change 151.58% 93.87% 69.2%
INVESTING ACTIVITIES
Capital Expenditures -$27.45M $9.879M $2.507M
YoY Change 459.06% 294.06% 70.78%
Acquisitions
YoY Change
Other Investing Activities -$959.4M -$405.2M
YoY Change 2018.33%
Cash From Investing Activities -$986.8M -$418.4M -$6.355M
YoY Change 1866.21% 6483.46% 179.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.588B
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.92M 3.594B 4.470M
YoY Change -92.73% 80311.03% -87.95%
NET CHANGE
Cash From Operating Activities -129.5M -117.1M -60.40M
Cash From Investing Activities -986.8M -418.4M -6.355M
Cash From Financing Activities 12.92M 3.594B 4.470M
Net Change In Cash -1.103B 3.059B -62.29M
YoY Change -1550.58% -5010.97% 6655.53%
FREE CASH FLOW
Cash From Operating Activities -$129.5M -$117.1M -$60.40M
Capital Expenditures -$27.45M $9.879M $2.507M
Free Cash Flow -$102.1M -$127.0M -$62.91M
YoY Change 119.17% 101.84% 69.26%

Facts In Submission

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CY2021Q1 us-gaap Nature Of Operations
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">1.  </b><b style="font-weight:bold;">Nature of Operations</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Plug Power is facilitating the paradigm shift to an increasingly electrified world by innovating cutting-edge hydrogen and fuel cell solutions.  In our core business, we provide and continue to develop commercially viable hydrogen and fuel cell product solutions to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some of the world’s largest retail-distribution and manufacturing businesses. We are focusing our efforts on industrial mobility applications, including electric forklifts and electric industrial vehicles, at multi-shift high volume manufacturing and high throughput distribution sites where we believe our products and services provide a unique combination of productivity, flexibility, and environmental benefits. Additionally, we manufacture and sell fuel cell products to replace batteries and diesel generators in stationary backup power applications. These products have proven valuable with telecommunications, transportation, and utility customers as robust, reliable, and sustainable power solutions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Our current products and services include:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">GenDrive: GenDrive is our hydrogen fueled Proton Exchange Membrane (“PEM”) fuel cell system providing power to material handling electric vehicles, including class 1, 2, 3 and 6 electric forklifts, Automated Guided Vehicles (“AGVs”) and ground support equipment;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">GenFuel:  GenFuel is our liquid hydrogen fueling delivery, generation, storage, and dispensing system;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">GenCare: GenCare is our ongoing ‘internet of things’-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products and ProGen fuel cell engines;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">GenSure:  GenSure is our stationary fuel cell solution providing scalable, modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; GenSure High Power Fuel Cell Platform will support large scale stationary power and data center markets;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">GenKey: GenKey is our vertically integrated “turn-key” solution combining either GenDrive or GenSure fuel cell power with GenFuel fuel and GenCare aftermarket service, offering complete simplicity to customers transitioning to fuel cell power;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">ProGen:  ProGen is our fuel cell stack and engine technology currently used globally in mobility and stationary fuel cell systems, and as engines in electric delivery vans. This includes the Plug Power membrane electrode assembly (“MEA”), a critical component of the fuel cell stack used in zero-emission fuel cell electric vehicle engines; and</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">GenFuel Electrolyzers: <span style="background-color:#ffffff;color:#333333;">GenFuel electrolyzers are modular, scalable hydrogen generators optimized for clean hydrogen production. </span>Electrolyzers generate hydrogen from water using electricity and a special membrane and “green” hydrogen is generated by using renewable energy inputs, such as solar or wind power.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">We provide our products worldwide through our direct product sales force, and by leveraging relationships with original equipment manufacturers (“OEMs”) and their dealer networks. Plug Power is targeting Asia and Europe for expansion in adoption. Europe has rolled out ambitious targets for the hydrogen economy and Plug Power is executing on its strategy to become one of the European leaders. This includes a targeted account strategy for material handling as well as securing strategic partnerships with European OEMs, energy companies, utility leaders and accelerating our electrolyzer business. We manufacture our commercially viable products in Latham, New York, Rochester, New York and Spokane, Washington and support liquid hydrogen generation and logistics in Charleston, Tennessee.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p>
CY2021Q1 us-gaap Prior Period Reclassification Adjustment Description
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><b style="font-weight:bold;">Restatement </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">As previously disclosed in the Explanatory Note to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (the “2020 10-K”), the Company restated its previously issued audited consolidated financial statements as of and for the years ended December 31, 2019 and 2018 and its unaudited quarterly consolidated financial statements as of and for each of the quarterly periods ended March 31, 2020 and 2019, June 30, 2020 and 2019, September 30, 2020 and 2019 and December 31, 2019. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Previously filed annual reports on Form 10-K and quarterly reports on Form 10-Q for the periods affected by the restatement have not been amended. Accordingly, investors should not rely upon the Company’s previously released financial statements for these periods and any earnings releases or other communications relating to these periods, and, for these periods, investors should rely solely on the financial statements and other financial data for the relevant periods included in the 2020 10-K. Commencing with this quarterly report on Form 10-Q, we will include in our quarterly reports for fiscal 2021 restated results for the corresponding interim periods of fiscal 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p>
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CY2021Q1 us-gaap Contract With Customer Liability
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72897000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
76285000
CY2021Q1 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
2625000
CY2021Q1 plug Contract With Customer Asset Revenue Recognized And Unbilled
ContractWithCustomerAssetRevenueRecognizedAndUnbilled
1445000
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1180000
CY2021Q1 plug Contract With Customer Asset Increase Decrease For Cash Received
ContractWithCustomerAssetIncreaseDecreaseForCashReceived
13045000
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-16433000
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3388000
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
494443000
CY2021Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
1700000
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
1500000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2021Q1 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2020Q1 us-gaap Cash
Cash
4300000000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
24082000
CY2021Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1874000
CY2021Q1 plug Operating And Finance Lease Liability To Be Paid Remainder Of Fiscal Year
OperatingAndFinanceLeaseLiabilityToBePaidRemainderOfFiscalYear
25956000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
29050000
CY2021Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
2471000
CY2021Q1 plug Operating And Finance Lease Liability To Be Paid Next Twelve Months
OperatingAndFinanceLeaseLiabilityToBePaidNextTwelveMonths
31521000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
29107000
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2446000
CY2021Q1 plug Operating And Finance Lease Liability To Be Paid Year Two
OperatingAndFinanceLeaseLiabilityToBePaidYearTwo
31553000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
29097000
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
2529000
CY2021Q1 plug Operating And Finance Lease Liability To Be Paid Year Three
OperatingAndFinanceLeaseLiabilityToBePaidYearThree
31626000
CY2021Q1 plug Lessee Operating Lease Liability Payments Due Year Four And After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFourAndAfterYearFour
56232000
CY2021Q1 plug Finance Lease Liability Payments Due Year Four And After Year Four
FinanceLeaseLiabilityPaymentsDueYearFourAndAfterYearFour
3103000
CY2021Q1 plug Operating And Finance Lease Liability To Be Paid Year Four And After Year Four
OperatingAndFinanceLeaseLiabilityToBePaidYearFourAndAfterYearFour
59335000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
167568000
CY2021Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
12423000
CY2021Q1 plug Operating And Finance Lease Liability Payment Due Total
OperatingAndFinanceLeaseLiabilityPaymentDueTotal
179991000
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
45257000
CY2021Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2122000
CY2021Q1 plug Operating And Finance Lease Liability Undiscounted Excess Amount
OperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
47379000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
122311000
CY2021Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
10301000
CY2021Q1 plug Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
132612000
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
8000000.0
CY2020Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
4800000
CY2021Q1 us-gaap Sale And Leaseback Transaction Gain Loss Net
SaleAndLeasebackTransactionGainLossNet
16000000.0
CY2020Q1 us-gaap Sale And Leaseback Transaction Gain Loss Net
SaleAndLeasebackTransactionGainLossNet
5300000
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11900000
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5200000
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
124500000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
117000000.0
CY2021Q1 plug Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
50300000
CY2020Q4 plug Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
48600000
CY2021Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
11300000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5700000
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
143000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
102000
CY2021Q1 plug Prepaid Rent And Security Deposit
PrepaidRentAndSecurityDeposit
2400000
CY2020Q4 plug Prepaid Rent And Security Deposit
PrepaidRentAndSecurityDeposit
5800000
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
6734000
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
8199000
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M7D
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M19D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.116
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.120
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
5600000
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
433000000
CY2020Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
78000000
CY2021Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M6D
CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M3D
CY2021Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.072
CY2020Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.088
CY2021Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
405168000
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
160000
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
68000
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
405260000
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
375804000
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
375927000
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
29364000
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
29333000
CY2021Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
405168000
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
405260000
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
198600000

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0001558370-21-008486-xbrl.zip Edgar Link pending
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