$UP
Wheels Up Experience Inc.

2024 Q3 Form 10-Q Financial Statement

#000181951624000047 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $193.9M $196.3M
YoY Change -39.42% -41.42%
Cost Of Revenue $166.9M $191.7M
YoY Change -44.36% -41.54%
Gross Profit $27.04M $4.595M
YoY Change 34.04% -35.82%
Gross Profit Margin 13.95% 2.34%
Selling, General & Admin $47.09M $57.43M
YoY Change -28.0% -9.15%
% of Gross Profit 174.11% 1249.82%
Research & Development $9.594M $10.53M
YoY Change -51.94% -27.03%
% of Gross Profit 35.48% 229.14%
Depreciation & Amortization $3.700M $4.500M
YoY Change -63.0% -53.61%
% of Gross Profit 13.68% 97.93%
Operating Expenses $56.68M $67.96M
YoY Change -33.6% -12.47%
Operating Profit -$41.93M -$79.19M
YoY Change -67.5% -48.24%
Interest Expense -$15.13M $16.67M
YoY Change -234.43% 117.64%
% of Operating Profit
Other Income/Expense, Net -$15.40M -$17.34M
YoY Change 1.09% 127.53%
Pretax Income -$57.33M -$96.53M
YoY Change -60.25% -39.9%
Income Tax $400.0K $400.0K
% Of Pretax Income
Net Earnings -$57.73M -$96.97M
YoY Change -60.13% -39.62%
Net Earnings / Revenue -29.77% -49.4%
Basic Earnings Per Share -$0.08 -$0.14
Diluted Earnings Per Share -$0.08 -$0.14
COMMON SHARES
Basic Shares Outstanding 697.7M shares 697.3M shares
Diluted Shares Outstanding 697.7M shares 697.5M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $115.9M $141.5M
YoY Change -52.65% -6.81%
Cash & Equivalents $115.9M $141.5M
Short-Term Investments
Other Short-Term Assets $20.69M $21.56M
YoY Change 83.38% 53.97%
Inventory $22.54M $21.24M
Prepaid Expenses $29.49M $33.61M
Receivables $32.03M $34.01M
Other Receivables $0.00 $0.00
Total Short-Term Assets $271.3M $288.8M
YoY Change -33.79% -17.45%
LONG-TERM ASSETS
Property, Plant & Equipment $266.5M $287.4M
YoY Change -26.38% -28.33%
Goodwill $222.5M $217.7M
YoY Change 3.57% -22.85%
Intangibles $102.7M $107.3M
YoY Change -16.39% -17.86%
Long-Term Investments
YoY Change
Other Assets $125.6M $125.1M
YoY Change -13.1% -4.61%
Total Long-Term Assets $771.8M $797.5M
YoY Change -15.92% -23.05%
TOTAL ASSETS
Total Short-Term Assets $271.3M $288.8M
Total Long-Term Assets $771.8M $797.5M
Total Assets $1.043B $1.086B
YoY Change -21.43% -21.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.00M $41.93M
YoY Change 36.88% -19.53%
Accrued Expenses $94.37M $88.12M
YoY Change -6.39% -23.94%
Deferred Revenue $711.1M $702.2M
YoY Change 2.88% -15.26%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $30.05M $21.15M
YoY Change 19.11% -20.19%
Total Short-Term Liabilities $888.4M $874.1M
YoY Change 2.23% -18.36%
LONG-TERM LIABILITIES
Long-Term Debt $209.6M $218.6M
YoY Change -10.98% 4.08%
Other Long-Term Liabilities $11.51M $14.74M
YoY Change -35.63% -30.64%
Total Long-Term Liabilities $221.1M $233.4M
YoY Change -12.72% 0.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $888.4M $874.1M
Total Long-Term Liabilities $221.1M $233.4M
Total Liabilities $1.157B $1.157B
YoY Change -2.13% -15.73%
SHAREHOLDERS EQUITY
Retained Earnings -$2.015B -$1.958B
YoY Change 19.81% 27.34%
Common Stock $70.00K $70.00K
YoY Change 311.76% 2233.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$117.7M -$72.15M
YoY Change
Total Liabilities & Shareholders Equity $1.043B $1.086B
YoY Change -21.43% -21.63%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$57.73M -$96.97M
YoY Change -60.13% -39.62%
Depreciation, Depletion And Amortization $3.700M $4.500M
YoY Change -63.0% -53.61%
Cash From Operating Activities -$15.03M -$26.99M
YoY Change -93.98% -87.1%
INVESTING ACTIVITIES
Capital Expenditures $8.710M $9.878M
YoY Change 89.35% 6.74%
Acquisitions
YoY Change
Other Investing Activities $10.68M $14.37M
YoY Change -74.64% -25.85%
Cash From Investing Activities $1.965M $4.490M
YoY Change -94.76% -55.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.56M -17.08M
YoY Change -103.83% 43.17%
NET CHANGE
Cash From Operating Activities -15.03M -26.99M
Cash From Investing Activities 1.965M 4.490M
Cash From Financing Activities -11.56M -17.08M
Net Change In Cash -24.63M -39.58M
YoY Change -127.49% -81.24%
FREE CASH FLOW
Cash From Operating Activities -$15.03M -$26.99M
Capital Expenditures $8.710M $9.878M
Free Cash Flow -$23.74M -$36.87M
YoY Change -90.67% -83.12%

Facts In Submission

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us-gaap Repayments Of Long Term Debt
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18680000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-41396000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-18683000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1175000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-540000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-119261000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-431804000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
292825000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
620153000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
173564000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
188349000 usd
us-gaap Interest Paid Net
InterestPaidNet
12814000 usd
us-gaap Interest Paid Net
InterestPaidNet
16097000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt;text-indent:18pt"><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-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Preparing the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect 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. Actual results could differ from those estimates due to risks and uncertainties. The most significant estimates include, but are not limited to, the useful lives and residual values of purchased aircraft, the fair value of financial assets and liabilities, acquired intangible assets, goodwill, contingent consideration and other assets and liabilities, sales and use tax, the estimated life of member relationships, the </span></div>determination of the allowance for credit losses, impairment assessments, the determination of the valuation allowance for deferred tax assets and the incremental borrowing rate for leases.
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
196285000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
335062000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
393386000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
686874000 usd
CY2024Q2 us-gaap Contract With Customer Receivable Before Allowance For Credit Loss Current
ContractWithCustomerReceivableBeforeAllowanceForCreditLossCurrent
41266000 usd
CY2023Q4 us-gaap Contract With Customer Receivable Before Allowance For Credit Loss Current
ContractWithCustomerReceivableBeforeAllowanceForCreditLossCurrent
43970000 usd
CY2024Q2 up Contract With Customer Undeposited Funds
ContractWithCustomerUndepositedFunds
1181000 usd
CY2023Q4 up Contract With Customer Undeposited Funds
ContractWithCustomerUndepositedFunds
2131000 usd
CY2024Q2 us-gaap Contract With Customer Receivable Allowance For Credit Loss Current
ContractWithCustomerReceivableAllowanceForCreditLossCurrent
8442000 usd
CY2023Q4 us-gaap Contract With Customer Receivable Allowance For Credit Loss Current
ContractWithCustomerReceivableAllowanceForCreditLossCurrent
7864000 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
34005000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
38237000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
702638000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
724229000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
702174000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
723246000 usd
CY2024Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
464000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
983000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
724229000 usd
up Contract With Customer Liability Deferred During Current Period
ContractWithCustomerLiabilityDeferredDuringCurrentPeriod
368602000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
270740000 usd
up Contract With Customer Liability Current Period Sales
ContractWithCustomerLiabilityCurrentPeriodSales
119453000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
702638000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
232988000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
310552000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
79564000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
79534000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
702638000 usd
CY2024Q2 up Capitalized Commissions And Fees Expense
CapitalizedCommissionsAndFeesExpense
1900000 usd
up Capitalized Commissions And Fees Expense
CapitalizedCommissionsAndFeesExpense
3900000 usd
CY2023Q2 up Capitalized Commissions And Fees Expense
CapitalizedCommissionsAndFeesExpense
2500000 usd
up Capitalized Commissions And Fees Expense
CapitalizedCommissionsAndFeesExpense
4100000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2100000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4200000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
3100000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
6800000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
535662000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
594653000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
248267000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
256939000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
287395000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
337714000 usd
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4500000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10800000 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5700000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11900000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
218208000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-552000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
217656000 usd
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
306200000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
201539000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
94270000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
107269000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
201627000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
83861000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
117766000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10400000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5900000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11800000 usd
CY2024Q2 up Intangible Liabilities Gross
IntangibleLiabilitiesGross
20000000 usd
CY2024Q2 up Intangible Liabilities Accumulated Amortization
IntangibleLiabilitiesAccumulatedAmortization
8561000 usd
CY2024Q2 up Intangible Liabilities Net
IntangibleLiabilitiesNet
11439000 usd
CY2023Q4 up Intangible Liabilities Gross
IntangibleLiabilitiesGross
20000000 usd
CY2023Q4 up Intangible Liabilities Accumulated Amortization
IntangibleLiabilitiesAccumulatedAmortization
7798000 usd
CY2023Q4 up Intangible Liabilities Net
IntangibleLiabilitiesNet
12202000 usd
CY2024Q2 up Amortization Of Intangible Liabilities
AmortizationOfIntangibleLiabilities
400000 usd
up Amortization Of Intangible Liabilities
AmortizationOfIntangibleLiabilities
800000 usd
CY2023Q2 up Amortization Of Intangible Liabilities
AmortizationOfIntangibleLiabilities
500000 usd
up Amortization Of Intangible Liabilities
AmortizationOfIntangibleLiabilities
1000000.0 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
10302000 usd
CY2024Q2 up Intangible Liabilities Expected Amortization Remainder Of Fiscal Year
IntangibleLiabilitiesExpectedAmortizationRemainderOfFiscalYear
763000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
20307000 usd
CY2024Q2 up Intangible Liabilities Expected Amortization Year One
IntangibleLiabilitiesExpectedAmortizationYearOne
1525000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
19441000 usd
CY2024Q2 up Intangible Liabilities Expected Amortization Year Two
IntangibleLiabilitiesExpectedAmortizationYearTwo
1525000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
14885000 usd
CY2024Q2 up Intangible Liabilities Expected Amortization Year Three
IntangibleLiabilitiesExpectedAmortizationYearThree
1525000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14235000 usd
CY2024Q2 up Intangible Liabilities Expected Amortization Year Four
IntangibleLiabilitiesExpectedAmortizationYearFour
1525000 usd
CY2024Q2 up Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
28099000 usd
CY2024Q2 up Intangible Liabilities Expected Amortization After Year Four
IntangibleLiabilitiesExpectedAmortizationAfterYearFour
4576000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
107269000 usd
CY2024Q2 up Intangible Liabilities Net
IntangibleLiabilitiesNet
11439000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
141493000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
263909000 usd
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
32071000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
28916000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
173564000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
292825000 usd
CY2024Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
100000 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
100000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
597352000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
615331000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
357588000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
356259000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
21152000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
23998000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
218612000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
235074000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
10576000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
37051000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
33074000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
27602000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
489049000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
597352000 usd
CY2024Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
93000 usd
CY2024Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
527545000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
554068000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
12000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
98000 usd
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
110000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
7509000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
9641000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
15049000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
21335000 usd
CY2024Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
173000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2151000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
386000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
4637000 usd
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
5826000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
8666000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
10139000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
14499000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
13508000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
20458000 usd
us-gaap Lease Cost
LeaseCost
25574000 usd
us-gaap Lease Cost
LeaseCost
40471000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
15604000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
18621000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3017000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5454000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M12D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.094
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.092
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
14409000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
18573000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11107000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8022000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6803000 usd
CY2024Q2 up Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
36609000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
95523000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
26812000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
68711000 usd
CY2024Q2 up Stock Shares Authorized
StockSharesAuthorized
1525000000 shares
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
up Voting Rights Non Citizen Investors
VotingRightsNonCitizenInvestors
0.01
CY2021Q3 up Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans
9 plan
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14268000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6604000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25479000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18142000 usd
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
393218 shares
CY2021Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
115.00
CY2024Q2 up Noncontrolling Interest Ownership Excluding Share Based Payment Arrangements Shares
NoncontrollingInterestOwnershipExcludingShareBasedPaymentArrangementsShares
697663854 shares
CY2024Q2 up Common Unit Outstanding Percent Of Total Noncontrolling Interest
CommonUnitOutstandingPercentOfTotalNoncontrollingInterest
1.000
CY2023Q4 up Noncontrolling Interest Ownership Excluding Share Based Payment Arrangements Shares
NoncontrollingInterestOwnershipExcludingShareBasedPaymentArrangementsShares
696856131 shares
CY2023Q4 up Common Unit Outstanding Percent Of Total Noncontrolling Interest
CommonUnitOutstandingPercentOfTotalNoncontrollingInterest
1.000
CY2024Q2 up Noncontrolling Interest Profit Interest Vested Number Of Shares
NoncontrollingInterestProfitInterestVestedNumberOfShares
0 shares
CY2024Q2 up Noncontrolling Interest Profit Interest Vested Percent Of Total Noncontrolling Interest
NoncontrollingInterestProfitInterestVestedPercentOfTotalNoncontrollingInterest
0
CY2023Q4 up Noncontrolling Interest Profit Interest Vested Number Of Shares
NoncontrollingInterestProfitInterestVestedNumberOfShares
0 shares
CY2023Q4 up Noncontrolling Interest Profit Interest Vested Percent Of Total Noncontrolling Interest
NoncontrollingInterestProfitInterestVestedPercentOfTotalNoncontrollingInterest
0
CY2024Q2 up Noncontrolling Interest Shares
NoncontrollingInterestShares
697663854 shares
CY2024Q2 up Total Noncontrolling Interest Percent
TotalNoncontrollingInterestPercent
1.000
CY2023Q4 up Noncontrolling Interest Shares
NoncontrollingInterestShares
696856131 shares
CY2023Q4 up Total Noncontrolling Interest Percent
TotalNoncontrollingInterestPercent
1.000
CY2024Q2 up Noncontrolling Interest Profit Interest Shares Issuable Upon Conversion Of Vested And Unvested Interests
NoncontrollingInterestProfitInterestSharesIssuableUponConversionOfVestedAndUnvestedInterests
0 shares
up Noncontrolling Interest Weighted Average Ownership Percentage By Parent
NoncontrollingInterestWeightedAverageOwnershipPercentageByParent
0
CY2024Q2 up Noncontrolling Interest Weighted Average Ownership Percentage By Parent
NoncontrollingInterestWeightedAverageOwnershipPercentageByParent
0
CY2023Q2 up Noncontrolling Interest Weighted Average Ownership Percentage By Parent
NoncontrollingInterestWeightedAverageOwnershipPercentageByParent
0
up Noncontrolling Interest Weighted Average Ownership Percentage By Parent
NoncontrollingInterestWeightedAverageOwnershipPercentageByParent
0
CY2024Q2 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
10500000 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
10500000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-16000.0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.005
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-96973000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-96973000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-160593000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-160593000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-194366000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-194366000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-261459000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-261459000 usd
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
697458966 shares
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
697458966 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25570200 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25570200 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
697403388 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
697403388 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25446199 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25446199 shares
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.28
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-10.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-10.27
us-gaap Dividends
Dividends
0 usd
CY2024Q2 us-gaap Dividends
Dividends
0 usd
CY2023Q2 us-gaap Dividends
Dividends
0 usd
us-gaap Dividends
Dividends
0 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9693439 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6370879 shares
CY2024Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
115.00
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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