v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 25.5 $ 25.3
Accounts receivable, net 358.2 346.1
Accounts receivable - related party, net 12.8 6.8
Inventories 239.0 236.6
Prepaid expenses and other current assets 44.5 23.3
Total current assets 680.0 638.1
Property, plant, and equipment (net of accumulated depreciation of $1,263.2 and $1,010.2, respectively) 1,825.3 1,779.0
Operating lease right-of-use assets, net 127.1 87.2
Goodwill 302.1 325.9
Intangible assets, net 158.1 173.5
Investments ($23.4 at fair value at December 31, 2023) 7.5 28.9
Deferred tax assets 0.1 0.3
Other assets 35.6 37.8
Total assets 3,135.8 3,070.7
Current liabilities:    
Accounts payable 356.3 319.0
Accounts payable - related party 22.4 21.9
Accrued expenses 75.5 65.6
Current portion of long-term debt 171.9 126.4
Current portion of operating lease liabilities 19.5 24.5
Other current liabilities 62.2 84.1
Other current liabilities - related party 6.7 7.4
Total current liabilities 714.5 648.9
Long-term debt 986.7 923.5
Long-term debt - related party 14.6 18.6
Operating lease liabilities 113.4 67.8
Tax receivable agreement liability 68.1 68.1
Other liabilities 9.0 15.2
Total liabilities 1,906.3 1,742.1
Commitments and contingencies (NOTE 9)
Mezzanine equity:    
Series A redeemable convertible preferred stock, $0.01 par value, 50 thousand shares authorized, issued and outstanding 62.3 58.7
Stockholders' equity:    
Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding
Additional paid-in capital 1,229.5 1,225.4
Accumulated deficit (129.7) (16.0)
Accumulated other comprehensive income 0.3 0.3
Total stockholders' equity attributable to ProFrac Holding Corp. 1,101.6 1,211.2
Noncontrolling interests 65.6 58.7
Total stockholders' equity 1,167.2 1,269.9
Total liabilities, mezzanine equity, and stockholders' equity 3,135.8 3,070.7
Common Class A    
Stockholders' equity:    
Common stock, value $ 1.5 $ 1.5

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