v3.25.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 58.0 $ 14.8
Accounts receivable, net 269.1 312.7
Accounts receivable - related party, net 19.1 16.1
Inventories 166.7 201.1
Prepaid expenses and other current assets 28.4 29.4
Total current assets 541.3 574.1
Property, plant, and equipment (net of accumulated depreciation of $1,521.0 and $1,312.4, respectively) 1,567.9 1,761.2
Operating lease right-of-use assets, net 131.8 158.6
Goodwill 301.3 302.0
Intangible assets, net 120.8 148.9
Deferred tax assets 30.4 0.0
Other assets 48.9 43.3
Total assets 2,742.4 2,988.1
Current liabilities:    
Accounts payable 276.6 324.3
Accounts payable - related party 21.5 18.1
Accrued expenses 80.9 67.2
Current portion of long-term debt 153.6 159.6
Current portion of long-term debt- related party 5.0 5.0
Current portion of operating lease liabilities 27.4 26.0
Other current liabilities 29.7 56.6
Other current liabilities - related party 0.9 3.2
Total current liabilities 595.6 660.0
Long-term debt 907.0 936.1
Long-term debt - related party 4.6 8.3
Operating lease liabilities 109.9 137.1
Deferred tax liabilities 11.2 14.9
Tax receivable agreement liability 82.9 82.9
Other liabilities 9.9 9.2
Total liabilities 1,721.1 1,848.5
Commitments and contingencies (NOTE 10)
Mezzanine equity:    
Series A redeemable convertible preferred stock, $0.01 par value, 50 thousand shares authorized, issued and outstanding 67.4 63.5
Stockholders' equity:    
Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding
Additional paid-in capital 1,326.4 1,241.2
Accumulated deficit (466.2) (235.9)
Accumulated other comprehensive income 0.0 0.1
Total stockholders' equity attributable to ProFrac Holding Corp. 862.0 1,006.9
Noncontrolling interests 91.9 69.2
Total stockholders' equity 953.9 1,076.1
Total liabilities, mezzanine equity, and stockholders' equity 2,742.4 2,988.1
Common Class A    
Stockholders' equity:    
Common stock, value 1.8 1.5
Common Class B    
Stockholders' equity:    
Common stock, value $ 0.0 $ 0.0

Source

PDF HTML 10-Q Filing
ZIP HTML XBRL