Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 26.0 $ 14.8
Accounts receivable, net 333.8 312.7
Accounts receivable - related party, net 18.9 16.1
Inventories 180.9 201.1
Prepaid expenses and other current assets 20.7 29.4
Total current assets 580.3 574.1
Property, plant, and equipment (net of accumulated depreciation of $1,450.2 and $1,312.4, respectively) 1,636.0 1,761.2
Operating lease right-of-use assets, net 138.0 158.6
Goodwill 301.3 302.0
Intangible assets, net 129.9 148.9
Other assets 45.2 43.3
Total assets 2,830.7 2,988.1
Current liabilities:    
Accounts payable 335.8 324.3
Accounts payable - related party 30.0 18.1
Accrued expenses 77.0 67.2
Current portion of long-term debt 131.0 159.6
Current portion of long-term debt- related party 5.0 5.0
Current portion of operating lease liabilities 26.7 26.0
Other current liabilities 33.0 56.6
Other current liabilities - related party 1.6 3.2
Total current liabilities 640.1 660.0
Long-term debt 941.9 936.1
Long-term debt - related party 6.3 8.3
Operating lease liabilities 116.6 137.1
Deferred tax liabilities 14.8 14.9
Tax receivable agreement liability 82.9 82.9
Other liabilities 9.8 9.2
Total liabilities 1,812.4 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 66.1 63.5
Stockholders' equity:    
Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding
Additional paid-in capital 1,235.9 1,241.2
Accumulated deficit (361.9) (235.9)
Accumulated other comprehensive income 0.0 0.1
Total stockholders' equity attributable to ProFrac Holding Corp. 875.5 1,006.9
Noncontrolling interests 76.7 69.2
Total stockholders' equity 952.2 1,076.1
Total liabilities, mezzanine equity, and stockholders' equity 2,830.7 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 $ 0.0