$RKLB
Rocket Lab USA, Inc.

2022 Q3 Form 10-Q Financial Statement

#000095017022016921 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $63.06M $55.47M $40.70M
YoY Change 1092.68% 391.79% 123.74%
Cost Of Revenue $54.59M $50.52M $36.97M
YoY Change 207.76% 472.94% 120.3%
Gross Profit $8.467M $4.958M $3.735M
YoY Change -168.0% 101.3% 164.71%
Gross Profit Margin 13.43% 8.94% 9.18%
Selling, General & Admin $22.96M $18.95M $23.08M
YoY Change -7.15% 168.14% 248.4%
% of Gross Profit 271.18% 382.25% 617.88%
Research & Development $17.51M $19.17M $13.48M
YoY Change 27.25% 124.7% 90.41%
% of Gross Profit 206.78% 386.55% 360.83%
Depreciation & Amortization $4.247M $4.164M $3.093M
YoY Change 65.7% 131.59% 76.04%
% of Gross Profit 50.16% 83.99% 82.81%
Operating Expenses $40.47M $38.12M $36.56M
YoY Change 1.57% 144.39% 166.79%
Operating Profit -$32.00M -$33.16M -$32.82M
YoY Change -38.8% 152.47% 167.02%
Interest Expense -$1.486M -$2.432M -$2.989M
YoY Change -49.81% 784.36% 2253.54%
% of Operating Profit
Other Income/Expense, Net -$915.0K -$6.331M $10.50M
YoY Change -97.34% 104.82% -415.57%
Pretax Income -$32.92M -$39.49M -$22.32M
YoY Change -63.28% 143.39% 42.92%
Income Tax $1.693M -$2.073M $4.388M
% Of Pretax Income
Net Earnings -$34.61M -$37.42M -$26.71M
YoY Change -60.66% 124.52% 68.17%
Net Earnings / Revenue -54.89% -67.45% -65.62%
Basic Earnings Per Share -$0.07 -$0.08 -$0.06
Diluted Earnings Per Share -$0.07 -$0.08 -$58.51K
COMMON SHARES
Basic Shares Outstanding 469.0M 464.7M 464.8M
Diluted Shares Outstanding 469.8M 464.7M 456.5M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $512.5M $542.5M $603.1M
YoY Change -35.35% 402.65% 1662.14%
Cash & Equivalents $333.3M $542.5M $603.1M
Short-Term Investments $179.2M
Other Short-Term Assets $7.684M $7.000M $4.766M
YoY Change -27.39% 42.13% -41.33%
Inventory $86.14M $85.68M $77.89M
Prepaid Expenses $31.10M $22.35M $17.91M
Receivables $57.73M $40.18M $32.99M
Other Receivables $5.031M $0.00 $3.635M
Total Short-Term Assets $699.5M $706.4M $746.2M
YoY Change -18.19% 321.56% 924.6%
LONG-TERM ASSETS
Property, Plant & Equipment $93.55M $97.03M $99.55M
YoY Change 16.59% 26.13% 30.57%
Goodwill $59.93M $58.28M $58.77M
YoY Change
Intangibles $82.98M $84.50M $87.62M
YoY Change
Long-Term Investments $9.751M
YoY Change
Other Assets $1.472M $2.670M $3.990M
YoY Change -79.08% -64.11% -21.19%
Total Long-Term Assets $301.9M $298.3M $311.3M
YoY Change 200.83% 203.38% 225.49%
TOTAL ASSETS
Total Short-Term Assets $699.5M $706.4M $746.2M
Total Long-Term Assets $301.9M $298.3M $311.3M
Total Assets $1.001B $1.005B $1.057B
YoY Change 4.81% 277.86% 527.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.27M $14.16M $15.11M
YoY Change 501.63% 291.05% 271.25%
Accrued Expenses $9.586M $11.47M $17.05M
YoY Change 32.79% 128.17% 155.1%
Deferred Revenue $112.6M $90.66M $97.12M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.886M $2.866M $2.846M
YoY Change 2.81%
Total Short-Term Liabilities $161.3M $144.1M $173.4M
YoY Change 110.23% 177.9% 338.97%
LONG-TERM LIABILITIES
Long-Term Debt $99.34M $98.65M $97.97M
YoY Change 2.82% -0.18%
Other Long-Term Liabilities $2.576M $2.417M $4.901M
YoY Change -97.61% -93.15% -85.68%
Total Long-Term Liabilities $101.9M $101.1M $102.9M
YoY Change -50.17% -24.65% 200.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $161.3M $144.1M $173.4M
Total Long-Term Liabilities $101.9M $101.1M $102.9M
Total Liabilities $310.5M $291.3M $324.9M
YoY Change 10.41% 56.63% 340.75%
SHAREHOLDERS EQUITY
Retained Earnings -$403.7M -$369.1M -$331.7M
YoY Change
Common Stock $47.00K $47.00K $46.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $690.8M $713.5M $732.6M
YoY Change
Total Liabilities & Shareholders Equity $1.001B $1.005B $1.057B
YoY Change 4.81% 277.86% 527.71%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$34.61M -$37.42M -$26.71M
YoY Change -60.66% 124.52% 68.17%
Depreciation, Depletion And Amortization $4.247M $4.164M $3.093M
YoY Change 65.7% 131.59% 76.04%
Cash From Operating Activities -$23.00M -$38.26M -$26.34M
YoY Change 72.97% 81.28% 70.16%
INVESTING ACTIVITIES
Capital Expenditures -$8.349M -$12.83M $6.242M
YoY Change 45.25% 676.04% 54.28%
Acquisitions $65.59M
YoY Change
Other Investing Activities -$180.4M $515.0K -$65.59M
YoY Change
Cash From Investing Activities -$188.7M -$12.31M -$71.83M
YoY Change 3183.11% 644.89% 1675.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.135M -15.01M 14.44M
YoY Change -99.7% -115.48% 3388.89%
NET CHANGE
Cash From Operating Activities -23.00M -38.26M -26.34M
Cash From Investing Activities -188.7M -12.31M -71.83M
Cash From Financing Activities 2.135M -15.01M 14.44M
Net Change In Cash -209.6M -65.58M -84.30M
YoY Change -130.58% -188.38% 353.37%
FREE CASH FLOW
Cash From Operating Activities -$23.00M -$38.26M -$26.34M
Capital Expenditures -$8.349M -$12.83M $6.242M
Free Cash Flow -$14.65M -$25.43M -$32.58M
YoY Change 94.09% 30.74% 66.87%

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AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
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StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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NetIncomeLoss
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1102000
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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NetIncomeLoss
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1278000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
333000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
13737000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
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ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
2379000
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GainLossOnDispositionOfAssets
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us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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AmortizationOfFinancingCosts
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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rklb Non Cash Lease Expense
NonCashLeaseExpense
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rklb Non Cash Lease Expense
NonCashLeaseExpense
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-13482000
us-gaap Adjustment Of Warrants Granted For Services
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DeferredIncomeTaxesAndTaxCredits
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us-gaap Deferred Income Taxes And Tax Credits
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IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
19580000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
2286000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5347000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8090000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2796000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-2089000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
0
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1992000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3433000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2849000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
3925000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
756000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4467000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
5006000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-568000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-930000
rklb Increase Decrease In Non Current Lease Liabilities
IncreaseDecreaseInNonCurrentLeaseLiabilities
-1640000
rklb Increase Decrease In Non Current Lease Liabilities
IncreaseDecreaseInNonCurrentLeaseLiabilities
-1191000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
27000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
0
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19070000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5699000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
65073000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-84143000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3142000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
772000
us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
2091000
us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
0
rklb Proceeds From Sale Of Employees Restricted Stock Units To Cover Taxes
ProceedsFromSaleOfEmployeesRestrictedStockUnitsToCoverTaxes
24002000
rklb Proceeds From Sale Of Employees Restricted Stock Units To Cover Taxes
ProceedsFromSaleOfEmployeesRestrictedStockUnitsToCoverTaxes
0
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
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us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
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rklb Tax Payment For Net Settled Option Shares
TaxPaymentForNetSettledOptionShares
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rklb Tax Payment For Net Settled Option Shares
TaxPaymentForNetSettledOptionShares
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us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
5500000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0
rklb Proceeds From Long Term Revolving Line Of Credit
ProceedsFromLongTermRevolvingLineOfCredit
0
rklb Proceeds From Long Term Revolving Line Of Credit
ProceedsFromLongTermRevolvingLineOfCredit
-15000000
rklb Proceeds From Long Term Secured Term Loan
ProceedsFromLongTermSecuredTermLoan
0
rklb Proceeds From Long Term Secured Term Loan
ProceedsFromLongTermSecuredTermLoan
-98895000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
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rklb Payment Of Deferred Transaction Costs Associated With Planned Reverse Recapitalization Transaction
PaymentOfDeferredTransactionCostsAssociatedWithPlannedReverseRecapitalizationTransaction
0
rklb Payment Of Deferred Transaction Costs Associated With Planned Reverse Recapitalization Transaction
PaymentOfDeferredTransactionCostsAssociatedWithPlannedReverseRecapitalizationTransaction
2298000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-566000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
97369000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-145446000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
55108000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
692075000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53933000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
546629000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
109041000
us-gaap Interest Paid Net
InterestPaidNet
4771000
us-gaap Interest Paid Net
InterestPaidNet
0
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2028000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
rklb Unpaid Purchases Of Property Equipment And Software
UnpaidPurchasesOfPropertyEquipmentAndSoftware
1027000
rklb Unpaid Purchases Of Property Equipment And Software
UnpaidPurchasesOfPropertyEquipmentAndSoftware
1231000
rklb Deferred Transaction Costs In Accrued Expenses
DeferredTransactionCostsInAccruedExpenses
0
rklb Deferred Transaction Costs In Accrued Expenses
DeferredTransactionCostsInAccruedExpenses
1096000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3783000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
rklb Net Exercise Of Public And Private Warrants Into Common Stock
NetExerciseOfPublicAndPrivateWarrantsIntoCommonStock
44739000
rklb Net Exercise Of Public And Private Warrants Into Common Stock
NetExerciseOfPublicAndPrivateWarrantsIntoCommonStock
0
rklb Issuance Of Common Stock For Payment Of Accrued Bonus
IssuanceOfCommonStockForPaymentOfAccruedBonus
1441000
rklb Issuance Of Common Stock For Payment Of Accrued Bonus
IssuanceOfCommonStockForPaymentOfAccruedBonus
0
CY2022Q2 us-gaap Shares Outstanding
SharesOutstanding
447919591
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
rklb Stockholders Equity Note Stock Splitexchange Ratio
StockholdersEquityNoteStockSplitexchangeRatio
9.059659
CY2021Q4 us-gaap Inventory Net
InventoryNet
47904000
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16869000
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1289000
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:4.533%;text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">On an ongoing basis, our management evaluates estimates and assumptions including those related to revenue recognition, contract costs, loss reserves, valuation of warrants and stock-based compensation and deferred tax valuation allowances. We based our estimates on historical data and experience, as well as various other factors that our management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities. Actual results could differ from these estimates and assumptions.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
rklb Recognized Performance Reserve Payments
RecognizedPerformanceReservePayments
3790000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
55474000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11280000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
96177000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29472000
CY2022Q2 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
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CY2021Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
13957000
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
4393000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
2490000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
90659000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
59749000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
126000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
59749000
rklb Contract Liabilities Assumed At Acquisition
ContractLiabilitiesAssumedAtAcquisition
26464000
rklb Contract With Customer Liability Current Additions1
ContractWithCustomerLiabilityCurrentAdditions1
34810000
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
30364000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
90659000
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
531370000
us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
approximately 42% is expected to be recognized within 12 months, with the remaining 58% to be recognized beyond 12 months
CY2022Q2 rklb Recognized Performance Reserve Payments
RecognizedPerformanceReservePayments
1895000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
31321000
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
21517000
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
50349000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
24166000
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4013000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2221000
CY2022Q2 us-gaap Inventory Net
InventoryNet
85683000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3331000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
652000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6226000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1292000
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
22345000
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
14787000
CY2022Q2 us-gaap Grants Receivable Current
GrantsReceivableCurrent
4301000
CY2021Q4 us-gaap Grants Receivable Current
GrantsReceivableCurrent
2563000
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
7000000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2104000
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
33646000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
19454000
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
87530000
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
27825000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
22191000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
97031000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
65339000
CY2022Q2 us-gaap Depreciation
Depreciation
4164000
CY2021Q2 us-gaap Depreciation
Depreciation
1798000
us-gaap Depreciation
Depreciation
7257000
us-gaap Depreciation
Depreciation
3555000
CY2021Q4 us-gaap Goodwill
Goodwill
43308000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
14648000
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
325000
CY2022Q2 us-gaap Goodwill
Goodwill
58281000
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
97270000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12767000
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
84503000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
6727000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12613000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10969000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9089000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8910000
CY2022Q2 rklb Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
33595000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
81903000
CY2021Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
100000000
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
1000000
rklb Line Of Credit Facility Front End Fee Amount
LineOfCreditFacilityFrontEndFeeAmount
3250000
CY2022Q2 rklb Current Insallments Of Long Term Borrowings
CurrentInsallmentsOfLongTermBorrowings
2866000
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2022Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
2951781
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28827000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2379000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.25
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P4Y
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.41
CY2022Q2 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
5464000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2073000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
440000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2315000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
704000
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.052
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.027
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.037
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.022
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-37417000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-16665000
us-gaap Net Income Loss
NetIncomeLoss
-64126000
us-gaap Net Income Loss
NetIncomeLoss
-32547000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
464719924
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
464719924
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78961096
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78961096
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
460630324
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
460630324
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78893969
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78893969
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2022Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.05
CY2022Q2 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
0
CY2021Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
0

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