Quarterly report pursuant to Section 13 or 15(d)

Consolidated statements of changes in equity (Unaudited)

v3.22.2.2
Consolidated statements of changes in equity (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Total
Common Class A
IPO
Common Stock
Common Class A
Common Stock
Common Class B
Common Stock
IPO
Common Class A
Additional Paid in Capital
Additional Paid in Capital
IPO
Retained Earnings
Retained Earnings
IPO
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Members' Equity
Beginning balance at Dec. 31, 2020 $ 176,812                     $ 1,785 $ 175,027
Net income (loss) (25,989)                     9 (25,998)
Foreign currency translation 6                   $ 6    
Noncontrolling interest of acquired business 1,228                     1,228  
Ending balance at Mar. 31, 2021 152,057                   6 3,022 149,029
Beginning balance at Dec. 31, 2020 176,812                     1,785 175,027
Net income (loss) (34,595) $ (34,595)                      
Foreign currency translation 10                        
Ending balance at Jun. 30, 2021 143,455                   10 2,894 140,551
Beginning balance at Mar. 31, 2021 152,057                   6 3,022 149,029
Net income (loss) (8,606) (8,606)                   (128) (8,478)
Foreign currency translation 4                   4    
Ending balance at Jun. 30, 2021 143,455                   10 2,894 140,551
Beginning balance at Dec. 31, 2021 148,110                   56 1,039 147,015
Net income (loss) 24,126                     416 23,710
Member contributions 5,000                       5,000
Deemed distribution (3,664)                       (3,664)
THRC related equity 72,931                       72,931
Foreign currency translation (136)                   (102) (34)  
Ending balance at Mar. 31, 2022 246,367                   (46) 1,421 244,992
Beginning balance at Dec. 31, 2021 148,110                   56 1,039 147,015
Net income (loss) 94,219 94,219                      
Foreign currency translation (123)                        
Ending balance at Jun. 30, 2022 (1,316,530)     $ 412 $ 1,011       $ (1,410,780)   (36) 92,863  
Ending balance, Shares at Jun. 30, 2022       41,237 101,133                
Beginning balance at Mar. 31, 2022 246,367                   (46) 1,421 244,992
Net income prior to corporate reorganization 56,111                     (46) 56,157
Issuance of shares, Value 1,011   $ 227,730   $ 1,011 $ 182   $ 227,548          
Issuance of shares, Shares         101,133 18,228              
Effect of corporate reorganization and reclassification to redeemable noncontrolling interest (382,050)     $ 209     $ (81,110)           $ (301,149)
Effect of corporate reorganization and reclassification to redeemable noncontrolling interest, Shares       20,895                  
Class A shares issued to settle asset purchase 16,696     $ 21     16,675            
Class A shares issued to settle asset purchase liability, Shares       2,114                  
Net income after corporate reorganization (2,100)               6,558     (8,658)  
Recognition of Flotek noncontrolling interest 99,617                     99,617  
Stock-based compensation 795           269         526  
Stock-based compensation related to deemed contribution 11,252           11,252            
Additional paid-in capital related to tax receivable agreement 609           609            
Net income (loss) 70,093 $ 70,093                      
Foreign currency translation 13                   10 3  
Adjustment of redeemable noncontrolling interest to redemption amount (154,233)   $ (1,438,348)       $ (28,805) $ (146,438) (125,428) $ (1,291,910)      
Ending balance at Jun. 30, 2022 $ (1,316,530)     $ 412 $ 1,011       $ (1,410,780)   $ (36) $ 92,863  
Ending balance, Shares at Jun. 30, 2022       41,237 101,133