2022 Q1 Form 10-Q Financial Statement
#000183559122000038 Filed on May 12, 2022
Income Statement
Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
---|---|---|---|
Revenue | $485.5M | $628.9M | $505.7M |
YoY Change | -3.99% | 52.07% | |
Cost Of Revenue | $412.7M | $551.7M | $419.0M |
YoY Change | -1.5% | 47.11% | |
Gross Profit | $72.80M | $77.21M | $86.70M |
YoY Change | -16.03% | 81.66% | |
Gross Profit Margin | 14.99% | 12.28% | 17.14% |
Selling, General & Admin | $62.40M | $62.17M | $58.10M |
YoY Change | 7.4% | 92.92% | |
% of Gross Profit | 85.71% | 80.52% | 67.01% |
Research & Development | $9.200M | $34.20M | $9.800M |
YoY Change | -6.12% | 165.44% | |
% of Gross Profit | 12.64% | 44.29% | 11.3% |
Depreciation & Amortization | $700.0K | $828.0K | $500.0K |
YoY Change | 40.0% | 16.55% | |
% of Gross Profit | 0.96% | 1.07% | 0.58% |
Operating Expenses | $85.70M | $97.20M | $72.90M |
YoY Change | 17.56% | 96.9% | |
Operating Profit | -$12.90M | -$19.99M | $13.80M |
YoY Change | -193.48% | 28.94% | |
Interest Expense | $0.00 | $73.00K | $100.0K |
YoY Change | -100.0% | -71.26% | |
% of Operating Profit | 0.72% | ||
Other Income/Expense, Net | $0.00 | $3.178M | -$100.0K |
YoY Change | -100.0% | -114.43% | |
Pretax Income | -$12.90M | -$16.74M | $13.70M |
YoY Change | -194.16% | ||
Income Tax | -$1.900M | -$6.560M | $10.30M |
% Of Pretax Income | 75.18% | ||
Net Earnings | -$11.00M | -$10.18M | $3.400M |
YoY Change | -423.53% | -63.39% | |
Net Earnings / Revenue | -2.27% | -1.62% | 0.67% |
Basic Earnings Per Share | -$0.06 | $0.02 | |
Diluted Earnings Per Share | -$0.06 | -$53.90K | $0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 191.2M shares | 145.7M shares | |
Diluted Shares Outstanding | 191.2M shares | 157.2M shares |
Balance Sheet
Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $309.7M | $331.6M | $435.1M |
YoY Change | -28.82% | ||
Cash & Equivalents | $309.7M | $331.6M | $435.1M |
Short-Term Investments | |||
Other Short-Term Assets | $84.60M | $84.80M | $56.60M |
YoY Change | 49.47% | 52.79% | |
Inventory | $12.20M | $11.90M | $9.743M |
Prepaid Expenses | |||
Receivables | $321.0M | $375.1M | $248.5M |
Other Receivables | $31.30M | $31.30M | $800.0K |
Total Short-Term Assets | $758.8M | $834.7M | $750.8M |
YoY Change | 1.07% | 22.46% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $13.60M | $10.30M | $9.829M |
YoY Change | 38.37% | 30.38% | |
Goodwill | $44.80M | $44.80M | $44.79M |
YoY Change | 0.03% | 0.0% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $19.20M | $15.60M | $13.22M |
YoY Change | 45.26% | 11.43% | |
Total Long-Term Assets | $108.0M | $101.1M | $93.36M |
YoY Change | 15.68% | 8.24% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $758.8M | $834.7M | $750.8M |
Total Long-Term Assets | $108.0M | $101.1M | $93.36M |
Total Assets | $866.8M | $935.8M | $844.2M |
YoY Change | 2.68% | 20.75% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $144.9M | $118.9M | $128.4M |
YoY Change | 12.88% | -28.72% | |
Accrued Expenses | $169.7M | $185.8M | $146.0M |
YoY Change | 16.2% | 19.87% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $521.0M | $591.1M | $523.4M |
YoY Change | -0.46% | -4.28% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $16.40M | $14.10M | $7.810M |
YoY Change | 109.99% | 71.95% | |
Total Long-Term Liabilities | $16.40M | $14.10M | $7.810M |
YoY Change | 109.99% | 71.95% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $521.0M | $591.1M | $523.4M |
Total Long-Term Liabilities | $16.40M | $14.10M | $7.810M |
Total Liabilities | $537.4M | $605.2M | $531.2M |
YoY Change | 1.17% | -3.28% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$3.500M | $7.500M | $50.21M |
YoY Change | -106.97% | -84.01% | |
Common Stock | $0.00 | $0.00 | $18.00K |
YoY Change | -100.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $329.4M | $330.6M | $312.9M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $866.8M | $935.8M | $844.2M |
YoY Change | 2.68% | 20.75% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$11.00M | -$10.18M | $3.400M |
YoY Change | -423.53% | -63.39% | |
Depreciation, Depletion And Amortization | $700.0K | $828.0K | $500.0K |
YoY Change | 40.0% | 16.55% | |
Cash From Operating Activities | -$10.50M | -$33.83M | $84.80M |
YoY Change | -112.38% | -433.52% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $4.000M | -$821.0K | $2.300M |
YoY Change | 73.91% | 721.43% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$700.0K | $49.00K | |
YoY Change | |||
Cash From Investing Activities | -$4.700M | -$772.0K | -$2.300M |
YoY Change | 104.35% | 721.43% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$6.700M | -9.642M | $146.0M |
YoY Change | -104.59% | 92305.06% | |
NET CHANGE | |||
Cash From Operating Activities | -$10.50M | -33.83M | $84.80M |
Cash From Investing Activities | -$4.700M | -772.0K | -$2.300M |
Cash From Financing Activities | -$6.700M | -9.642M | $146.0M |
Net Change In Cash | -$21.90M | -44.25M | $227.4M |
YoY Change | -109.63% | -990.02% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$10.50M | -$33.83M | $84.80M |
Capital Expenditures | $4.000M | -$821.0K | $2.300M |
Free Cash Flow | -$14.50M | -$33.01M | $82.50M |
YoY Change | -117.58% | -420.94% |
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EarningsPerShareBasic
|
0.02 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.06 | |
CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
191200000 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
145700000 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
191200000 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
157200000 | shares |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11000000.0 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3400000 | USD |
CY2022Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
0 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-1000000.0 | USD |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-11000000.0 | USD |
CY2021Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2400000 | USD |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
330600000 | USD |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
16500000 | USD |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-6700000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11000000.0 | USD |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
329400000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
149200000 | USD |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
26000000.0 | USD |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-9100000 | USD |
CY2021Q1 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
600000 | USD |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
0 | USD |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
13700000 | USD |
CY2021Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
145000000.0 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-1000000.0 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3400000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
312900000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11000000.0 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3400000 | USD |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
800000 | USD |
CY2021Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
600000 | USD |
CY2022Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | USD |
CY2021Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
1200000 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
16500000 | USD |
CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
26000000.0 | USD |
CY2022Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
3100000 | USD |
CY2021Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-51000000.0 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-157100000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
-3000000.0 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
-200000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
300000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-800000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
3000000.0 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-1300000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-100000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
1300000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
2800000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-600000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-71000000.0 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-49700000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
26000000.0 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-38200000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-16100000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-19700000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
|
-9600000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
|
-3900000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
0 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
6800000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
500000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
0 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
2300000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-400000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-10500000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
84800000 | USD |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4000000.0 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2300000 | USD |
CY2022Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
700000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
0 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4700000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2300000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
5200000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | USD |
CY2022Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
0 | USD |
CY2021Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
600000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
0 | USD |
CY2021Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
148000000.0 | USD |
CY2022Q1 | vzio |
Payments Of Deferred Offering Costs
PaymentsOfDeferredOfferingCosts
|
0 | USD |
CY2021Q1 | vzio |
Payments Of Deferred Offering Costs
PaymentsOfDeferredOfferingCosts
|
1400000 | USD |
CY2022Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
11900000 | USD |
CY2021Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
0 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-6700000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
146000000.0 | USD |
CY2022Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | USD |
CY2021Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-1100000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-21900000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
227400000 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
331600000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
207700000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
309700000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
435100000 | USD |
CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
900000 | USD |
CY2021Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
100000 | USD |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
100000 | USD |
CY2021Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
100000 | USD |
CY2022Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
3500000 | USD |
CY2021Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | USD |
CY2022Q1 | vzio |
Cash Paid For Measurement Of Operating Lease Liabilities
CashPaidForMeasurementOfOperatingLeaseLiabilities
|
800000 | USD |
CY2021Q1 | vzio |
Cash Paid For Measurement Of Operating Lease Liabilities
CashPaidForMeasurementOfOperatingLeaseLiabilities
|
700000 | USD |
CY2022Q1 | vzio |
Employee Taxes Withheld But Not Yet Paid To Taxing Authority
EmployeeTaxesWithheldButNotYetPaidToTaxingAuthority
|
0 | USD |
CY2021Q1 | vzio |
Employee Taxes Withheld But Not Yet Paid To Taxing Authority
EmployeeTaxesWithheldButNotYetPaidToTaxingAuthority
|
9100000 | USD |
CY2022Q1 | vzio |
Stock Issuance Costs Incurred But Not Yet Paid
StockIssuanceCostsIncurredButNotYetPaid
|
0 | USD |
CY2021Q1 | vzio |
Stock Issuance Costs Incurred But Not Yet Paid
StockIssuanceCostsIncurredButNotYetPaid
|
1700000 | USD |
CY2022Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
ReclassificationsThe Company has reclassified Research and development costs from Selling, general and administrative amounts for the three months ended March 31, 2021, to conform to the current year presentation. | |
CY2022Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-bottom:6pt"><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:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results may differ from those estimates and assumptions. Significant items subject to such estimates and assumptions include the allowances for doubtful accounts and sales returns, reserves for excess and obsolete inventory, accrued price protection and rebates, accrued royalties, share-based compensation, valuation of deferred tax assets and other contingencies. Supplier and customer concentrations also increase the degree of uncertainty inherent in these estimates and assumptions.</span></div> | |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
100000 | USD |
CY2022Q1 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
0 | USD |
CY2021Q4 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
0 | USD |
CY2022Q1 | us-gaap |
Capitalized Contract Cost Gross
CapitalizedContractCostGross
|
0 | USD |
CY2021Q4 | us-gaap |
Capitalized Contract Cost Gross
CapitalizedContractCostGross
|
0 | USD |
CY2022Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
324100000 | USD |
CY2021Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
375200000 | USD |
CY2022Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
3100000 | USD |
CY2022Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
321000000.0 | USD |
CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
375100000 | USD |
CY2022Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
3100000 | USD |
CY2022Q1 | us-gaap |
Inventory Net
InventoryNet
|
12200000 | USD |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
11900000 | USD |
CY2022Q1 | vzio |
Cost Recycling
CostRecycling
|
2100000 | USD |
CY2021Q1 | vzio |
Cost Recycling
CostRecycling
|
2600000 | USD |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
45200000 | USD |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
41200000 | USD |
CY2022Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
31600000 | USD |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
30900000 | USD |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
13600000 | USD |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
10300000 | USD |
CY2022Q1 | us-gaap |
Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
|
2300000 | USD |
CY2021Q1 | us-gaap |
Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
|
600000 | USD |
CY2022Q1 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
700000 | USD |
CY2021Q1 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
700000 | USD |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
700000 | USD |
CY2021Q1 | us-gaap |
Depreciation
Depreciation
|
500000 | USD |
CY2022Q1 | vzio |
Accrued Price Protection Current
AccruedPriceProtectionCurrent
|
56000000.0 | USD |
CY2021Q4 | vzio |
Accrued Price Protection Current
AccruedPriceProtectionCurrent
|
67200000 | USD |
CY2022Q1 | vzio |
Accrued Other Customer Related Expenses Current
AccruedOtherCustomerRelatedExpensesCurrent
|
46200000 | USD |
CY2021Q4 | vzio |
Accrued Other Customer Related Expenses Current
AccruedOtherCustomerRelatedExpensesCurrent
|
48400000 | USD |
CY2022Q1 | vzio |
Accrued Supplier And Partner Related Expenses Current
AccruedSupplierAndPartnerRelatedExpensesCurrent
|
36700000 | USD |
CY2021Q4 | vzio |
Accrued Supplier And Partner Related Expenses Current
AccruedSupplierAndPartnerRelatedExpensesCurrent
|
39200000 | USD |
CY2022Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
20100000 | USD |
CY2021Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
21600000 | USD |
CY2022Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
10700000 | USD |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
9400000 | USD |
CY2022Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
169700000 | USD |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
185800000 | USD |
CY2022Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
14400000 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.80 | |
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P6Y9M18D | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
181400000 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
300000 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
13.51 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
1900000 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
2.94 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
500000 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
10.84 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
12300000 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
7.40 | |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P6Y9M18D | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
18400000 | USD |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
9.95 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
7500000 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
4.07 | |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P5Y8M12D | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
36200000 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
5.59 | |
CY2022Q1 | vzio |
Effective Income Tax Rate Reconciliation Share Based Payment Arrangement Tax Excess Benefits And Compensation Deduction Limitation Amount
EffectiveIncomeTaxRateReconciliationShareBasedPaymentArrangementTaxExcessBenefitsAndCompensationDeductionLimitationAmount
|
3100000 | USD |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
16500000 | USD |
CY2021Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
26000000.0 | USD |
CY2022Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
73700000 | USD |
CY2022Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y | |
CY2021Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
|
-2100000 | USD |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1900000 | USD |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.15 | |
CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10300000 | USD |
CY2021Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.75 | |
CY2022Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
11800000 | USD |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
8900000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
3200000 | USD |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
2400000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
8600000 | USD |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
6500000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y7M6D | |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y2M12D | |
CY2022Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.041 | |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.037 | |
CY2022Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1300000 | USD |
CY2021Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
900000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
2500000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
2800000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
2500000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
2400000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
2300000 | USD |
CY2022Q1 | vzio |
Lessee Operating Lease Liability To Be Paid Year Five And After
LesseeOperatingLeaseLiabilityToBePaidYearFiveAndAfter
|
500000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
13000000.0 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
1200000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
11800000 | USD |
CY2022Q1 | vzio |
Supply Commitment Liability Amount
SupplyCommitmentLiabilityAmount
|
0 | USD |