Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 14.8 $ 25.3
Accounts receivable, net 312.7 346.1
Accounts receivable - related party, net 16.1 6.8
Inventories 201.1 236.6
Prepaid expenses and other current assets 29.4 23.3
Total current assets 574.1 638.1
Property, plant, and equipment (net of accumulated depreciation of $1,312.4 and $1,010.2, respectively) 1,761.2 1,779.0
Operating lease right-of-use assets, net 158.6 87.2
Goodwill 302.0 325.9
Intangible assets, net 148.9 173.5
Investments ($23.4 at fair value at December 31, 2023) 7.5 28.9
Deferred tax assets 0.0 0.3
Other assets 35.8 37.8
Total assets 2,988.1 3,070.7
Current liabilities:    
Accounts payable 324.3 319.0
Accounts payable - related party 18.1 21.9
Accrued expenses 67.2 65.6
Current portion of long-term debt 164.6 126.4
Current portion of operating lease liabilities 26.0 24.5
Other current liabilities 56.6 84.1
Other current liabilities - related party 3.2 7.4
Total current liabilities 660.0 648.9
Long-term debt 931.1 923.5
Long-term debt - related party 13.3 18.6
Operating lease liabilities 137.1 67.8
Deferred tax liabilities 14.9  
Tax receivable agreement liability 82.9 68.1
Other liabilities 9.2 15.2
Total liabilities 1,848.5 1,742.1
Commitments and contingencies (Note 14)
Mezzanine equity:    
Series A redeemable convertible preferred stock, $0.01 par value, 50 thousand shares authorized, issued and outstanding 63.5 58.7
Stockholders' equity:    
Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding
Additional paid-in capital 1,241.2 1,225.4
Accumulated deficit (235.9) (16.0)
Accumulated other comprehensive income 0.1 0.3
Total stockholders' equity attributable to ProFrac Holding Corp. 1,006.9 1,211.2
Noncontrolling interests 69.2 58.7
Total stockholders' equity 1,076.1 1,269.9
Total liabilities, mezzanine equity, and stockholders' equity 2,988.1 3,070.7
Common Class A    
Stockholders' equity:    
Common stock, value 1.5 $ 1.5
Common Class B    
Stockholders' equity:    
Common stock, value $ 0.0