$RKLB
Rocket Lab USA, Inc.

2023 Q3 Form 10-Q Financial Statement

#000095017023039896 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $67.66M $62.05M
YoY Change 7.3% 11.85%
Cost Of Revenue $52.69M $47.45M
YoY Change -3.47% -6.07%
Gross Profit $14.97M $14.59M
YoY Change 76.77% 194.33%
Gross Profit Margin 22.12% 23.52%
Selling, General & Admin $27.20M $28.72M
YoY Change 18.46% 51.52%
% of Gross Profit 181.73% 196.79%
Research & Development $26.63M $31.04M
YoY Change 52.08% 61.94%
% of Gross Profit 177.9% 212.67%
Depreciation & Amortization $4.082M $3.357M
YoY Change -3.89% -19.38%
% of Gross Profit 27.27% 23.0%
Operating Expenses $53.83M $59.75M
YoY Change 33.01% 56.76%
Operating Profit -$38.86M -$45.16M
YoY Change 21.43% 36.19%
Interest Expense -$1.413M -$745.0K
YoY Change -4.91% -69.37%
% of Operating Profit
Other Income/Expense, Net -$357.0K $31.00K
YoY Change -60.98% -100.49%
Pretax Income -$39.22M -$45.13M
YoY Change 19.14% 14.28%
Income Tax $1.352M $761.0K
% Of Pretax Income
Net Earnings -$40.57M -$45.89M
YoY Change 17.21% 22.64%
Net Earnings / Revenue -59.96% -73.96%
Basic Earnings Per Share -$0.08 -$0.10
Diluted Earnings Per Share -$0.08 -$0.10
COMMON SHARES
Basic Shares Outstanding 483.3M 478.7M
Diluted Shares Outstanding 484.0M 479.7M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $370.4M $415.1M
YoY Change -27.73% -23.48%
Cash & Equivalents $140.9M $197.2M
Short-Term Investments $229.5M $218.0M
Other Short-Term Assets $5.025M $5.321M
YoY Change -34.6% -23.99%
Inventory $102.4M $102.2M
Prepaid Expenses $46.96M $47.65M
Receivables $22.79M $25.18M
Other Receivables $12.70M $10.55M
Total Short-Term Assets $506.2M $560.2M
YoY Change -27.62% -20.7%
LONG-TERM ASSETS
Property, Plant & Equipment $136.0M $120.0M
YoY Change 45.37% 23.68%
Goodwill $71.02M $71.02M
YoY Change 18.51% 21.86%
Intangibles $70.40M $73.31M
YoY Change -15.16% -13.25%
Long-Term Investments $82.00M $73.94M
YoY Change 740.94%
Other Assets $17.98M $12.89M
YoY Change 1121.13% 382.92%
Total Long-Term Assets $444.3M $421.3M
YoY Change 47.15% 41.21%
TOTAL ASSETS
Total Short-Term Assets $506.2M $560.2M
Total Long-Term Assets $444.3M $421.3M
Total Assets $950.5M $981.5M
YoY Change -5.08% -2.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.98M $25.87M
YoY Change 88.3% 82.73%
Accrued Expenses $5.998M $6.492M
YoY Change -37.43% -43.39%
Deferred Revenue $133.8M $134.6M
YoY Change 18.77% 48.44%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $105.1M $104.4M
YoY Change 3542.27% 3542.04%
Total Short-Term Liabilities $303.8M $305.9M
YoY Change 88.27% 112.31%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $3.638M $5.716M
YoY Change 41.23% 136.49%
Total Long-Term Liabilities $3.638M $5.716M
YoY Change -96.43% -94.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $303.8M $305.9M
Total Long-Term Liabilities $3.638M $5.716M
Total Liabilities $364.7M $370.4M
YoY Change 17.44% 27.17%
SHAREHOLDERS EQUITY
Retained Earnings -$573.0M -$532.5M
YoY Change 41.93% 44.24%
Common Stock $49.00K $48.00K
YoY Change 4.26% 2.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $585.8M $611.0M
YoY Change
Total Liabilities & Shareholders Equity $950.5M $981.5M
YoY Change -5.08% -2.31%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$40.57M -$45.89M
YoY Change 17.21% 22.64%
Depreciation, Depletion And Amortization $4.082M $3.357M
YoY Change -3.89% -19.38%
Cash From Operating Activities -$25.20M -$6.064M
YoY Change 9.58% -84.15%
INVESTING ACTIVITIES
Capital Expenditures $21.04M $10.57M
YoY Change -352.01% -182.41%
Acquisitions
YoY Change
Other Investing Activities -$10.92M $4.352M
YoY Change -93.95% 745.05%
Cash From Investing Activities -$31.96M -$6.220M
YoY Change -83.06% -49.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 860.0K 1.945M
YoY Change -59.72% -112.96%
NET CHANGE
Cash From Operating Activities -25.20M -6.064M
Cash From Investing Activities -31.96M -6.220M
Cash From Financing Activities 860.0K 1.945M
Net Change In Cash -56.30M -10.34M
YoY Change -73.14% -84.23%
FREE CASH FLOW
Cash From Operating Activities -$25.20M -$6.064M
Capital Expenditures $21.04M $10.57M
Free Cash Flow -$46.24M -$16.64M
YoY Change 215.67% -34.58%

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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-570000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
640018000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3561000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
15688000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2330000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
611048000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
698448000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-26709000
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1020000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
14116000
CY2022Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
44844000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
876000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
732595000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-37417000
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3726000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
15580000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1030000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
713454000
us-gaap Profit Loss
ProfitLoss
-91506000
us-gaap Profit Loss
ProfitLoss
-64126000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
13785000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
13737000
us-gaap Share Based Compensation
ShareBasedCompensation
29300000
us-gaap Share Based Compensation
ShareBasedCompensation
28827000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-27000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-25000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1431000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1392000
rklb Non Cash Lease Expense
NonCashLeaseExpense
2026000
rklb Non Cash Lease Expense
NonCashLeaseExpense
1526000
us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
0
us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
-13482000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1600000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
2116000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
0
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
248000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
251000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-11433000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12926000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
7264000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
2286000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10611000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
16302000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10839000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8090000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
5634000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-2089000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
13234000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1992000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2845000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3433000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
4116000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
3925000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
26230000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4467000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-1881000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-568000
rklb Increase Decrease In Non Current Lease Liabilities
IncreaseDecreaseInNonCurrentLeaseLiabilities
-1942000
rklb Increase Decrease In Non Current Lease Liabilities
IncreaseDecreaseInNonCurrentLeaseLiabilities
-1640000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-241000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
27000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-31449000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-64595000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23246000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19070000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
16119000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
65073000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
132000000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
154176000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17189000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-84143000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1808000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3142000
us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
2522000
us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
2091000
rklb Proceeds From Sale Of Employees Restricted Stock Units To Cover Taxes
ProceedsFromSaleOfEmployeesRestrictedStockUnitsToCoverTaxes
7801000
rklb Proceeds From Sale Of Employees Restricted Stock Units To Cover Taxes
ProceedsFromSaleOfEmployeesRestrictedStockUnitsToCoverTaxes
24002000
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-6968000
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-23741000
rklb Tax Payment For Net Settled Option Shares
TaxPaymentForNetSettledOptionShares
0
rklb Tax Payment For Net Settled Option Shares
TaxPaymentForNetSettledOptionShares
-444000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1000000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
5500000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
160000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
116000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4003000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-566000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-482000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3858000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-45117000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-145446000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
245871000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
692075000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
200754000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
546629000
us-gaap Interest Paid Net
InterestPaidNet
7051000
us-gaap Interest Paid Net
InterestPaidNet
4771000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
387000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2028000
rklb Unpaid Purchases Of Property Equipment And Software
UnpaidPurchasesOfPropertyEquipmentAndSoftware
2143000
rklb Unpaid Purchases Of Property Equipment And Software
UnpaidPurchasesOfPropertyEquipmentAndSoftware
1027000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
979000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3783000
rklb Unpaid Transaction Costs
UnpaidTransactionCosts
999000
rklb Unpaid Transaction Costs
UnpaidTransactionCosts
0
rklb Net Exercise Of Public And Private Warrants Into Common Stock
NetExerciseOfPublicAndPrivateWarrantsIntoCommonStock
0
rklb Net Exercise Of Public And Private Warrants Into Common Stock
NetExerciseOfPublicAndPrivateWarrantsIntoCommonStock
44739000
rklb Issuance Of Common Stock For Payment Of Accrued Bonus
IssuanceOfCommonStockForPaymentOfAccruedBonus
0
rklb Issuance Of Common Stock For Payment Of Accrued Bonus
IssuanceOfCommonStockForPaymentOfAccruedBonus
1441000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;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:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;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:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;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:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
62045000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
55474000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
116940000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
96177000
CY2023Q2 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
25175000
CY2022Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
36572000
CY2023Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
16714000
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
9451000
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
134574000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
108344000
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
125635000
CY2023Q2 rklb Contract With Customer Liability Current Additions1
ContractWithCustomerLiabilityCurrentAdditions1
34190000
CY2023Q2 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
25251000
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
134574000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
108344000
rklb Contract With Customer Liability Current Additions1
ContractWithCustomerLiabilityCurrentAdditions1
68583000
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
42353000
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
134574000
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
534312000
us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
approximately 57% is expected to be recognized within 12 months, with the remaining 43% to be recognized beyond 12 months
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
3536000
CY2023Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
374716000
CY2023Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
5000
CY2023Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1223000
CY2023Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
373498000
CY2023Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
155539000
CY2023Q2 us-gaap Marketable Securities
MarketableSecurities
217959000
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
204375000
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1223000
CY2023Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
374716000
CY2023Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
373498000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
41063000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
33376000
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
46529000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
50661000
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
14642000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
8242000
CY2023Q2 us-gaap Inventory Net
InventoryNet
102234000
CY2022Q4 us-gaap Inventory Net
InventoryNet
92279000
CY2023Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
47649000
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
43126000
CY2023Q2 us-gaap Grants Receivable Current
GrantsReceivableCurrent
10550000
CY2022Q4 us-gaap Grants Receivable Current
GrantsReceivableCurrent
1443000
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
5321000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
7632000
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
63520000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
52201000
CY2023Q2 rklb Assets Held For Sale
AssetsHeldForSale
11384000
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
160344000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
137903000
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
40340000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
36389000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
120004000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
101514000
CY2023Q2 us-gaap Depreciation
Depreciation
3357000
CY2022Q2 us-gaap Depreciation
Depreciation
4164000
us-gaap Depreciation
Depreciation
6915000
us-gaap Depreciation
Depreciation
7257000
CY2023Q2 us-gaap Goodwill
Goodwill
71020000
CY2022Q4 us-gaap Goodwill
Goodwill
71020000
CY2023Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
99536000
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
26227000
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
73309000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
99482000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
19790000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
79692000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3239000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3331000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6559000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6226000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
6477000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
11318000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9335000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9172000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8202000
CY2023Q2 rklb Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
26205000
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
70709000
CY2021Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
100000
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
1000
rklb Line Of Credit Facility Front End Fee Amount
LineOfCreditFacilityFrontEndFeeAmount
3250
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15264000
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16869000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29300000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28827000
CY2023Q2 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
4066000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
761000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2073000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1287000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2315000
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.017
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.052
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.014
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.037
rklb Uncertain Tax Positions
UncertainTaxPositions
2930000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-45889000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-37417000
us-gaap Net Income Loss
NetIncomeLoss
-91506000
us-gaap Net Income Loss
NetIncomeLoss
-64126000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
479735858
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
479735858
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
464719924
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
464719924
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
477977551
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
477977551
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
460630324
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
460630324
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.1
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.1
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
CY2022 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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