Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 16.0 $ 14.8
Accounts receivable, net 405.8 312.7
Accounts receivable - related party, net 17.6 16.1
Inventories 200.1 201.1
Prepaid expenses and other current assets 30.3 29.4
Total current assets 669.8 574.1
Property, plant, and equipment (net of accumulated depreciation of $1,387.2 and $1,312.4, respectively) 1,713.8 1,761.2
Operating lease right-of-use assets, net 151.7 158.6
Goodwill 301.3 302.0
Intangible assets, net 139.6 148.9
Other assets 44.7 43.3
Total assets 3,020.9 2,988.1
Current liabilities:    
Accounts payable 351.6 324.3
Accounts payable - related party 40.0 18.1
Accrued expenses 75.0 67.2
Current portion of long-term debt 146.8 159.6
Current portion of long-term debt- related party 5.0 5.0
Current portion of operating lease liabilities 27.0 26.0
Other current liabilities 36.3 56.6
Other current liabilities - related party 2.8 3.2
Total current liabilities 684.5 660.0
Long-term debt 967.9 936.1
Long-term debt - related party 7.1 8.3
Operating lease liabilities 130.3 137.1
Deferred tax liabilities 14.8 14.9
Tax receivable agreement liability 82.9 82.9
Other liabilities 9.3 9.2
Total liabilities 1,896.8 1,848.5
Commitments and contingencies (NOTE 9)
Mezzanine equity:    
Series A redeemable convertible preferred stock, $0.01 par value, 50 thousand shares authorized, issued and outstanding 64.8 63.5
Stockholders' equity:    
Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding
Additional paid-in capital 1,241.1 1,241.2
Accumulated deficit (254.7) (235.9)
Accumulated other comprehensive income 0.2 0.1
Total stockholders' equity attributable to ProFrac Holding Corp. 988.1 1,006.9
Noncontrolling interests 71.2 69.2
Total stockholders' equity 1,059.3 1,076.1
Total liabilities, mezzanine equity, and stockholders' equity 3,020.9 2,988.1
Common Class A    
Stockholders' equity:    
Common stock, value 1.5 $ 1.5
Common Class B    
Stockholders' equity:    
Common stock, value $ 0.0