Registration of securities issued in business combination transactions

Consolidated statements of changes in equity (Unaudited)

v3.22.2.2
Consolidated statements of changes in equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Class A
IPO
Members' Equity
Common Stock
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 Interests
Beginning balance at Dec. 31, 2019 $ 284,811       $ 281,883               $ 0 $ 2,928
Net income (loss) (118,548)       (117,405)                 (1,143)
Member contribution by debt retirement 10,549       10,549                  
Ending balance at Dec. 31, 2020 176,812     $ 175,027 175,027               0 1,785
Net income (loss) (25,989) $ (8,606)   (25,998)                   9
Noncontrolling interest of acquired business 1,228                         1,228
Foreign currency translation 6                       6  
Ending balance at Mar. 31, 2021 152,057     149,029                 6 3,022
Beginning balance at Dec. 31, 2020 176,812     175,027 175,027               0 1,785
Net income (loss) (34,595) (34,595)                        
Foreign currency translation 10                          
Ending balance at Jun. 30, 2021 143,455     140,551                 10 2,894
Beginning balance at Dec. 31, 2020 176,812     175,027 175,027               0 1,785
Net income (loss) (43,538)       (42,420)                 (1,118)
Member contribution by debt retirement 18,000       18,000                  
Purchase of noncontrolling interests (4,469)       (3,592)                 (877)
Noncontrolling interest of acquired business 1,230                         1,230
Foreign currency translation 75                       56 19
Ending balance at Dec. 31, 2021 148,110     147,015 147,015               56 1,039
Beginning balance at Mar. 31, 2021 152,057     149,029                 6 3,022
Net income (loss) (8,606)     (8,478)                   (128)
Foreign currency translation 4                       4  
Ending balance at Jun. 30, 2021 143,455     140,551                 10 2,894
Beginning balance at Dec. 31, 2021 148,110     147,015 147,015               56 1,039
Net income (loss) 24,126     23,710                   416
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     244,992                 (46) 1,421
Beginning balance at Dec. 31, 2021 148,110     147,015 $ 147,015               56 1,039
Net income (loss) 94,219 94,219                        
Foreign currency translation (123)                          
Ending balance, Shares at Jun. 30, 2022           41,237 101,133              
Ending balance at Jun. 30, 2022 (1,316,530)         $ 412 $ 1,011       $ (1,410,780)   (36) 92,863
Beginning balance at Mar. 31, 2022 246,367     244,992                 (46) 1,421
Net income (loss) 70,093 $ 70,093                        
Net income prior to corporate reorganization 56,111     56,157                   (46)
Issuance of shares, Shares             101,133,000 18,228,000            
Issuance of shares, Value 1,011   $ 227,730       $ 1,011 $ 182   $ 227,548        
Effect of corporate reorganization and reclassification to redeemable noncontrolling interest (382,050)     $ (301,149)   $ 209     $ (81,110)          
Effect of corporate reorganization and reclassification to redeemable noncontrolling interest, Shares           20,895,000                
Adjustment of redeemable noncontrolling interest to redemption amount (154,233)   $ (1,438,348)           (28,805) $ (146,438) (125,428) $ (1,291,910)    
Class A shares issued to settle asset purchase, Shares           2,114,000                
Class A shares issued to settle asset purchase 16,696         $ 21     16,675          
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          
Foreign currency translation 13                       10 3
Additional paid-in capital related to tax receivable agreement 609               $ 609          
Ending balance, Shares at Jun. 30, 2022           41,237 101,133              
Ending balance at Jun. 30, 2022 $ (1,316,530)         $ 412 $ 1,011       $ (1,410,780)   $ (36) $ 92,863