v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues $ 574.2 $ 696.7 $ 2,140.9 $ 1,631.5
Operating costs and expenses:        
Cost of revenues, exclusive of depreciation, depletion and amortization 368.5 392.0 1,382.2 967.7
Selling, general, and administrative 61.0 64.5 209.2 169.0
Depreciation, depletion and amortization 111.5 69.1 330.7 178.1
Acquisition and integration costs 2.6 5.8 20.1 22.9
Other operating expense, net 10.1 0.6 17.8 6.6
Total operating costs and expenses 553.7 532.0 1,960.0 1,344.3
Operating income 20.5 164.7 180.9 287.2
Other (expense) income:        
Interest expense, net (40.2) (16.3) (116.1) (39.0)
(Loss) gain on extinguishment of debt   (0.2) 4.1 (17.3)
Other (expense) income, net (4.9) (1.0) (22.0) 8.2
(Loss) income before income taxes (24.6) 147.2 46.9 239.1
Income tax benefit (expense) 6.7 (7.9) (9.6) (12.4)
Net (loss) income (17.9) 139.3 37.3 226.7
Less: net income attributable to ProFrac Predecessor       (73.6)
Less: net (income) loss attributable to noncontrolling interests (6.6) 11.8 (0.9) 20.1
Less: net income attributable to redeemable noncontrolling interests   (107.1) (41.8) (122.6)
Net (loss) income attributable to ProFrac Holding Corp. (24.5) 44.0 (5.4) 50.6
Net (loss) income attributable to Class A common shareholders $ (33.1) $ 44.0 $ (14.0) $ 50.6
Basic (Loss) earnings per Class A share $ (0.21) $ 1.07 $ (0.12) $ 1.24
Diluted (Loss) earnings per Class A share $ (0.21) $ 1.07 $ (0.12) $ 1.24
Weighted average Class A common shares outstanding, basic 159.4 41.2 121.3 40.8
Weighted average Class A common shares outstanding, diluted 159.4 41.3 121.3 40.9

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