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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

MP Materials Corp. / DE (FVAC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-KS-1
Revenues   [+]527.5332.0134.373.467.4
            Revenue growth  58.9%147.2%83.0%8.9% 
Cost of goods sold  92.276.363.861.31.0
Gross profit  435.3255.770.512.266.4
            Gross margin  82.5%77.0%52.5%16.6%98.5%
Selling, general and administrative   [+]75.856.626.811.114.6
Other operating expenses  13.38.871.44.060.7
EBITDA   [+]346.2190.3-27.7-2.9-6.4
            EBITDA margin  65.6%57.3%-20.6%-4.0%-9.5%
Depreciation and amortization  18.424.46.94.72.5
EBIT   [+]327.8165.9-34.6-7.6-8.9
            EBIT margin  62.1%50.0%-25.8%-10.4%-13.2%
Non-recurring items   [+]0.40.60.1  
Interest expense  5.88.95.03.45.4
Other income (expense), net   [+]19.53.80.34.30.8
Pre-tax income  341.2160.2-39.5-6.8-13.5
Income taxes  52.125.2-17.60.00.0
            Tax rate  15.3%15.7%44.7%  
Net income  289.0135.0-21.8-6.8-13.5
            Net margin  54.8%40.7%-16.2%-9.2%-20.0%
   
Basic EPS   [+]$1.64$0.78($0.27)($0.10) 
Diluted EPS   [+]$1.49$0.71($0.27)($0.10) 
   
Shares outstanding (basic)   [+]176.5173.579.766.6 
Shares outstanding (diluted)   [+]193.5189.879.766.6 
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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