2022 Q4 Form 20-F Financial Statement

#000110465923049651 Filed on April 25, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $910.5M $3.233B $1.333B
YoY Change -31.68% -39.05% -29.44%
Cost Of Revenue $700.9M $2.496B $991.3M
YoY Change -29.3% -39.22% -31.41%
Gross Profit $209.7M $737.1M $341.5M
YoY Change -38.6% -38.48% -23.05%
Gross Profit Margin 23.03% 22.8% 25.62%
Selling, General & Admin $200.0M $736.6M $242.9M
YoY Change -17.66% -13.21% 1.75%
% of Gross Profit 95.38% 99.93% 71.13%
Research & Development $74.68M $300.0M $97.80M
YoY Change -23.64% -3.8% 5.04%
% of Gross Profit 35.62% 40.69% 28.64%
Depreciation & Amortization $12.83M
YoY Change -82.22%
% of Gross Profit 1.74%
Operating Expenses $269.0M $1.014B $332.4M
YoY Change -19.09% -10.5% 4.7%
Operating Profit -$59.28M -$277.3M $9.072M
YoY Change -753.48% -528.82% -92.82%
Interest Expense $2.045M $10.37M $10.44M
YoY Change -80.42% -63.73% 8.77%
% of Operating Profit 115.1%
Other Income/Expense, Net $656.0K $2.487M $592.0K
YoY Change 10.81% 81.27% -1.33%
Pretax Income -$56.58M -$264.5M $20.11M
YoY Change -381.42% -379.47% -85.26%
Income Tax $50.79M $18.17M -$2.139M
% Of Pretax Income -10.64%
Net Earnings -$106.3M -$275.5M $22.68M
YoY Change -568.9% -410.95% -79.49%
Net Earnings / Revenue -11.68% -8.52% 1.7%
Basic Earnings Per Share -$1.32
Diluted Earnings Per Share -$0.51 -$1.32 $99.79K
COMMON SHARES
Basic Shares Outstanding 208.3M
Diluted Shares Outstanding 208.3M

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.106B $1.106B $1.466B
YoY Change -24.57% -24.57% 21.12%
Cash & Equivalents $737.1M $737.1M $587.0M
Short-Term Investments $368.6M $368.6M $878.9M
Other Short-Term Assets $347.8M $347.8M $192.0M
YoY Change 81.2% 142.16% 21.57%
Inventory $502.3M $502.3M $576.4M
Prepaid Expenses
Receivables $602.1M $602.1M $623.3M
Other Receivables $25.02M $25.02M $88.37M
Total Short-Term Assets $2.583B $2.583B $2.946B
YoY Change -12.31% -12.31% 0.47%
LONG-TERM ASSETS
Property, Plant & Equipment $311.5M $311.5M $226.1M
YoY Change 37.76% 37.76% 45.05%
Goodwill
YoY Change
Intangibles $1.982M $12.18M
YoY Change -83.72%
Long-Term Investments $30.00M $30.00M $30.00M
YoY Change 0.0% 0.0% -40.0%
Other Assets $35.52M $35.52M $62.63M
YoY Change -43.29% -43.29% 84.19%
Total Long-Term Assets $390.7M $390.7M $330.9M
YoY Change 18.06% 18.06% 33.66%
TOTAL ASSETS
Total Short-Term Assets $2.583B $2.583B $2.946B
Total Long-Term Assets $390.7M $390.7M $330.9M
Total Assets $2.974B $2.974B $3.277B
YoY Change -9.25% -9.25% 3.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $932.3M $932.3M $1.069B
YoY Change -12.79% -12.79% 6.76%
Accrued Expenses $315.8M $315.8M $377.0M
YoY Change -16.23% 44.77% 9.28%
Deferred Revenue $17.16M $99.63M
YoY Change -82.77%
Short-Term Debt $11.55M $11.55M $5.415M
YoY Change 113.26% 113.26% -95.64%
Long-Term Debt Due $20.22M $20.22M
YoY Change
Total Short-Term Liabilities $1.415B $1.415B $1.595B
YoY Change -11.26% -11.26% -2.42%
LONG-TERM LIABILITIES
Long-Term Debt $114.6M $114.6M $16.11M
YoY Change 611.28% 611.28%
Other Long-Term Liabilities $15.04M $15.04M $15.15M
YoY Change -0.77% -0.77% 0.36%
Total Long-Term Liabilities $129.6M $129.6M $31.26M
YoY Change 314.57% 314.57% 107.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.415B $1.415B $1.595B
Total Long-Term Liabilities $129.6M $129.6M $31.26M
Total Liabilities $1.541B $1.541B $1.629B
YoY Change -5.42% -5.42% -1.4%
SHAREHOLDERS EQUITY
Retained Earnings $25.28M $449.9M
YoY Change -94.38%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.433B $1.433B $1.647B
YoY Change
Total Liabilities & Shareholders Equity $2.974B $2.974B $3.277B
YoY Change -9.25% -9.25% 3.06%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$106.3M -$275.5M $22.68M
YoY Change -568.9% -410.95% -79.49%
Depreciation, Depletion And Amortization $12.83M
YoY Change -82.22%
Cash From Operating Activities -$41.20M
YoY Change -113.34%
INVESTING ACTIVITIES
Capital Expenditures $28.35M
YoY Change -125.74%
Acquisitions
YoY Change
Other Investing Activities $514.5M
YoY Change -431.62%
Cash From Investing Activities $45.60M
YoY Change -117.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.47M
YoY Change -3.9%
NET CHANGE
Cash From Operating Activities -41.20M
Cash From Investing Activities 45.60M
Cash From Financing Activities 16.47M
Net Change In Cash 27.61M
YoY Change -54.58%
FREE CASH FLOW
Cash From Operating Activities -$41.20M
Capital Expenditures $28.35M
Free Cash Flow -$69.56M
YoY Change -116.59%

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CY2021 viot Interest Income Expense And Short Term Investments Income Nonoperating Net
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CY2022 viot Interest Income Expense And Short Term Investments Income Nonoperating Net
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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IncreaseDecreaseInDueFromOtherReceivablesFromRelatedParties
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IncreaseDecreaseInDueFromOtherReceivablesFromRelatedParties
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CY2021 viot Increase Decrease In Accounts And Notes Payable
IncreaseDecreaseInAccountsAndNotesPayable
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CY2022 viot Increase Decrease In Accounts And Notes Payable
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CY2022 viot Increase Decrease In Accounts And Notes Payable
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CY2020 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2022 viot Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
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CY2020 viot Increase Decrease In Purchase Of Land Use Right
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Short Term Investments
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CY2021 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
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CY2022 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
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CY2021 viot Placement Of Short Term Deposits
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CY2022 viot Placement Of Short Term Deposits
PlacementOfShortTermDeposits
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CY2022 viot Placement Of Short Term Deposits
PlacementOfShortTermDeposits
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MaturitiesOfShortTermDeposits
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MaturitiesOfShortTermDeposits
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MaturitiesOfLongTermDeposits
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CY2022 viot Maturities Of Long Term Deposits
MaturitiesOfLongTermDeposits
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CY2022 viot Maturities Of Long Term Deposits
MaturitiesOfLongTermDeposits
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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ProceedsFromStockOptionsExercised
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CY2022 us-gaap Proceeds From Stock Options Exercised
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CY2022 us-gaap Proceeds From Stock Options Exercised
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CY2022 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
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CY2022 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
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CY2020 us-gaap Payments To Minority Shareholders
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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12068000
CY2022 us-gaap Payments For Repurchase Of Common Stock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
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CY2020 us-gaap Payments Of Dividends Minority Interest
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17133000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16465000
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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46482000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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6739000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
48077000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
190423000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
27606000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1003005000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
574709000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
622786000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90295000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
574709000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
622786000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
813209000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
117901000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
504108000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
586955000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
737139000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
106875000
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
70601000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
35831000
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
76070000
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
11029000
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
27373000
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
34446000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
22802000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
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15624000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
60507000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
16075000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2331000
CY2022 viot Entity Incorporation Date Of Incorporation Month And Year
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2015-01
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.0001
CY2018Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
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10
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.00001
CY2018Q3 viot Surrender Of Outstanding Shares After Share Split
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90
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<table style="border-collapse:collapse;border:0;"><tr><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:12pt;margin-top:0pt;"><span style="font-style:italic;">(c)</span></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:12pt;margin-top:0pt;"><span style="font-style:italic;">Use of estimates</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and accompanying notes. Significant accounting estimates reflected in the Group’s consolidated financial statements include sales returns, inventory valuation, product warranties, share-based compensation, allowance for doubtful accounts and the valuation allowance for deferred tax assets and income tax. Actual results could differ from those estimates, and such differences may be material to the consolidated financial statements.</p>
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
6.8972
CY2022 viot Estimated Useful Lives Of Land Use Rights
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P50Y
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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5825624000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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5303835000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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3232731000
CY2022 viot Number Of Installment Payments From Customer
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2
CY2022 viot Percentage Of Estimated Profit Margin Based On Consideration Of Specific And Relevant Market Factors
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0.05
CY2020 viot Contract With Customer Expected Sales Return
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6820000
CY2021 viot Contract With Customer Expected Sales Return
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5593000
CY2022 viot Contract With Customer Expected Sales Return
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2351000
CY2020Q4 us-gaap Contract With Customer Right To Recover Product
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4106000
CY2021Q4 us-gaap Contract With Customer Right To Recover Product
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3189000
CY2022Q4 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
1350000
CY2020Q4 us-gaap Contract With Customer Refund Liability
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7707000
CY2021Q4 us-gaap Contract With Customer Refund Liability
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6320000
CY2022Q4 us-gaap Contract With Customer Refund Liability
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2656000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
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34857000
CY2020Q4 us-gaap Accounts Receivable Net
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1045753000
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
658028000
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
689984000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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25446000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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53082000
CY2020Q4 us-gaap Contract With Customer Liability
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5719000
CY2021Q4 us-gaap Contract With Customer Liability
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2111000
CY2022Q4 us-gaap Contract With Customer Liability
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2130000
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102719000
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
173642000
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
187417000
CY2020 viot Shipping Expense
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247417000
CY2021 viot Shipping Expense
ShippingExpense
248609000
CY2022 viot Shipping Expense
ShippingExpense
200695000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
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87854000
CY2020 viot Government Subsidy Income
GovernmentSubsidyIncome
33674000
CY2021 viot Government Subsidy Income
GovernmentSubsidyIncome
30147000
CY2022 viot Government Subsidy Income
GovernmentSubsidyIncome
23192000
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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0
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
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35831000
CY2022Q4 us-gaap Restricted Cash Current
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76070000
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
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2655669
CY2021 viot Statutory Reserve Funds
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3464000
CY2022 viot Statutory Reserve Funds
StatutoryReserveFunds
1756000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9316000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
34857000
CY2021 us-gaap Provision For Loan Losses Expensed
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29343000
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
61336000
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
3802000
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
8339000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
34857000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
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87854000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
586955000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
737139000
CY2021Q4 us-gaap Inventory Finished Goods
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422627000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
309239000
CY2021Q4 us-gaap Inventory Raw Materials
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153724000
CY2022Q4 us-gaap Inventory Raw Materials
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193052000
CY2021Q4 us-gaap Inventory Net
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576351000
CY2022Q4 us-gaap Inventory Net
InventoryNet
502291000
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
22577000
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
8103000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
32846000
CY2021Q4 us-gaap Supplies
Supplies
106666000
CY2022Q4 us-gaap Supplies
Supplies
139306000
CY2021Q4 us-gaap Other Receivables
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48322000
CY2022Q4 us-gaap Other Receivables
OtherReceivables
44697000
CY2021Q4 viot Prepayments For Equipment
PrepaymentsForEquipment
18493000
CY2022Q4 viot Prepayments For Equipment
PrepaymentsForEquipment
15976000
CY2021Q4 viot Lease Hold Improvement
LeaseHoldImprovement
6643000
CY2022Q4 viot Lease Hold Improvement
LeaseHoldImprovement
5234000
CY2021Q4 viot Expected Return Assets
ExpectedReturnAssets
3189000
CY2022Q4 viot Expected Return Assets
ExpectedReturnAssets
1351000
CY2021Q4 us-gaap Other Assets
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135000
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
183448000
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
206564000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
27321000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
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22856000
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156127000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
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183708000
CY2021Q4 us-gaap Property Plant And Equipment Gross
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262724000
CY2022Q4 us-gaap Property Plant And Equipment Gross
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433324000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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116731000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
196892000
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145993000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
236432000
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42470000
CY2021 us-gaap Depreciation
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55124000
CY2022 us-gaap Depreciation
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80161000
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TangibleAssetImpairmentCharges
0
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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0.48
CY2021Q4 viot Land Use Rights Gross
LandUseRightsGross
63618000
CY2022Q4 viot Land Use Rights Gross
LandUseRightsGross
63618000
CY2021Q4 viot Land Use Rights Accumulated Amortization
LandUseRightsAccumulatedAmortization
1896000
CY2022Q4 viot Land Use Rights Accumulated Amortization
LandUseRightsAccumulatedAmortization
3169000
CY2021Q4 viot Land Use Rights Net
LandUseRightsNet
61722000
CY2022Q4 viot Land Use Rights Net
LandUseRightsNet
60449000
CY2021 viot Amortization Of Land Use Rights
AmortizationOfLandUseRights
1260000
CY2022 viot Amortization Of Land Use Rights
AmortizationOfLandUseRights
1273000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
95816000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
76468000
CY2021Q4 viot Freight Payable Current
FreightPayableCurrent
68197000
CY2022Q4 viot Freight Payable Current
FreightPayableCurrent
29533000
CY2021Q4 viot Deposits From Suppliers Current
DepositsFromSuppliersCurrent
27483000
CY2022Q4 viot Deposits From Suppliers Current
DepositsFromSuppliersCurrent
36909000
CY2021Q4 viot Installation Fee Payables Current
InstallationFeePayablesCurrent
18957000
CY2022Q4 viot Installation Fee Payables Current
InstallationFeePayablesCurrent
6609000
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
28796000
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
28292000
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25709000
CY2022Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
47124000
CY2021Q4 viot Payments For Purchase Of Property Current
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17647000
CY2022Q4 viot Payments For Purchase Of Property Current
PaymentsForPurchaseOfPropertyCurrent
16075000
CY2021Q4 us-gaap Taxes Payable Current
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9954000
CY2022Q4 us-gaap Taxes Payable Current
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3474000
CY2021Q4 us-gaap Accrued Professional Fees Current
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5143000
CY2022Q4 us-gaap Accrued Professional Fees Current
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4265000
CY2021Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
6320000
CY2022Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
2656000
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OtherAccruedLiabilitiesCurrent
69254000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
65685000
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
373276000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
317090000
CY2021Q4 viot Accrued Expenses And Other Liabilities Non Current
AccruedExpensesAndOtherLiabilitiesNonCurrent
7558000
CY2022Q4 viot Accrued Expenses And Other Liabilities Non Current
AccruedExpensesAndOtherLiabilitiesNonCurrent
8245000
CY2021Q4 viot Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
365718000
CY2022Q4 viot Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
308845000
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22420000
CY2021 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
76845000
CY2021 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
70469000
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
28796000
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
51161000
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
51665000
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
28292000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5825624000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5303835000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3232731000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
44813000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
26854000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-4470000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1492000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-21115000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
22644000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43321000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5739000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18174000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
200941000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
89126000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
16826000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
5504000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
7730000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
217767000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
94630000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-264456000
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
54442000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
23658000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-66114000
CY2020 viot Income Tax Reconciliation Tax Holidays Expense Benefit
IncomeTaxReconciliationTaxHolidaysExpenseBenefit
-31074000
CY2021 viot Income Tax Reconciliation Tax Holidays Expense Benefit
IncomeTaxReconciliationTaxHolidaysExpenseBenefit
-16872000
CY2022 viot Income Tax Reconciliation Tax Holidays Expense Benefit
IncomeTaxReconciliationTaxHolidaysExpenseBenefit
6310000
CY2020 viot Income Tax Reconciliation Tax Effect Of Permanent Differences
IncomeTaxReconciliationTaxEffectOfPermanentDifferences
-16895000
CY2021 viot Income Tax Reconciliation Tax Effect Of Permanent Differences
IncomeTaxReconciliationTaxEffectOfPermanentDifferences
-28303000
CY2022 viot Income Tax Reconciliation Tax Effect Of Permanent Differences
IncomeTaxReconciliationTaxEffectOfPermanentDifferences
-30550000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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29780000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
22153000
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
107603000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
10830000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
7111000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
2934000
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-3762000
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-2008000
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-2009000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43321000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5739000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18174000
CY2020 viot Income Tax Holiday Income Tax Benefits Per Share Basic
IncomeTaxHolidayIncomeTaxBenefitsPerShareBasic
0.14
CY2021 viot Income Tax Holiday Income Tax Benefits Per Share Basic
IncomeTaxHolidayIncomeTaxBenefitsPerShareBasic
0.02
CY2022 viot Income Tax Holiday Income Tax Benefits Per Share Basic
IncomeTaxHolidayIncomeTaxBenefitsPerShareBasic
0.06
CY2020 viot Income Tax Holiday Income Tax Benefits Per Share Diluted
IncomeTaxHolidayIncomeTaxBenefitsPerShareDiluted
0.13
CY2021 viot Income Tax Holiday Income Tax Benefits Per Share Diluted
IncomeTaxHolidayIncomeTaxBenefitsPerShareDiluted
0.02
CY2022 viot Income Tax Holiday Income Tax Benefits Per Share Diluted
IncomeTaxHolidayIncomeTaxBenefitsPerShareDiluted
0.06
CY2021Q4 viot Deferred Tax Assets Accruals Expenses And Other
DeferredTaxAssetsAccrualsExpensesAndOther
18567000
CY2022Q4 viot Deferred Tax Assets Accruals Expenses And Other
DeferredTaxAssetsAccrualsExpensesAndOther
21935000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
69852000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
151463000
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
985000
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1040000
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
161000
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
86000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
89565000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
174524000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
54261000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
161864000
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
35304000
CY2022Q4 us-gaap Deferred Tax Assets Net
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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173324000
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25021000
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0
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