ProFrac Holding Corp. Registration of securities issued in business combination transactions

Registration of securities issued in business combination transactions

Related party transactions (Tables)

Related party transactions (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

Related Party Transactions [Abstract]

Summary of Related Party Transactions

The following table summarizes expenditures with related parties for the three and six months ended June 30, 2022 and 2021:


		Three Months Ended June 30,								Six Months Ended June 30,
(In thousands)		2022				2021				2022				2021
Automatize		$	35,576			$	18,512			$	49,851			$	31,268
FHE			4,027				—				7,277				—
Wilks Brothers			8,542				1,953				8,799				4,507
Related Lessors			3,425				1,577				4,648				3,115
Wilks Construction			12,448				—				13,389				—
Equify Financial			301				—				986				—
3 Twenty-Three			—				—				247				—
Carbo			78				—				78				353
Cisco Logistics			—				160				—				424
Interstate			—				24				20				32
Equify Risk			—				—				—				3
Other			82				42				120				52

Total		$	64,479			$	22,268			$	85,415			$	39,754

The following table summarizes related party accounts payable as of June 30, 2022 and December 31, 2021:


		June 30,				December 31,
(In thousands)		2022				2021
Automatize		$	18,013			$	11,198
Wilks Brothers			13,518				9,990
Wilks Construction			5,545				57
Cisco Logistics			27				—
Carbo			455				10
Related Lessors			19				1
Other			0				19

Total		$	37,577			$	21,275

The following table summarizes revenue from related parties for the three and six months ended June 30, 2022 and 2021:


		Three Months Ended June 30,								Six Months Ended June 30,
(In thousands)		2022				2021				2022				2021
Flying A		$	548			$	1,177			$	1,920			$	2,128
Carbo			504				159				753				179
Wilks Brothers			2				7				3				5
Interstate			—				111				—				111
Other			1				25				1				34

Total		$	1,055			$	1,479			$	2,677			$	2,457

The following table summarizes related party accounts receivable as of June 30, 2022 and December 31, 2021:


(In thousands)		June 30, 2022				December 31, 2021
Flying A		$	1,438			$	2,412
Cisco Logistics			1,493				1,489
Carbo			255				591
Interstate			310				—
Other			141				23

Total		$	3,637			$	4,515

The following table summarizes expenditures with related parties for the years ended December 31, 2021 and 2020:


		Year ended December 31,
		2021				2020
Automatize		$	80,521			$	26,226
Wilks Brothers			15,480				16,622
Related Lessors			6,308				6,052
Equify Financial			2,871				2,323
3 Twenty-Three			1,033				1,148
Carbo			513				—
Cisco Logistics			509				4,181
Interstate			80				30
Equify Risk			3				1,602
Wilks Construction			—				107
Other			114				—

Total		$	107,432			$	58,291

The following table summarizes related party accounts payable as of December 31, 2021 and December 31, 2020:


		December 31,				December 31,
		2021				2020
Automatize		$	11,198			$	5,633
Wilks Brothers			9,990				11,993
Wilks Construction			57				57
Carbo			10				—
Related Lessors			1				21
Cisco Logistics			—				671
Equify Financial			—				113
Other			19				—

Total		$	21,275			$	18,488

The following table summarizes revenue from related parties for the years ended December 31, 2021 and 2020:


		Year ended December 31,
		2021				2020
Flying A		$	2,701			$	294
Carbo			1,025				193
Interstate			116				11
Wilks Brothers			65				—
Automatize			3				701
Other			32				84

Total		$	3,942			$	1,283

The following table summarizes related party accounts receivable as of December 31, 2021 and December 31, 2020:


		December 31,				December 31,
		2021				2020
Flying A (1)		$	2,412			$	549
Cisco Logistics			1,489				—
Carbo			591				116
Automatize			—				191
Other			23				24

Total		$	4,515			$	880

(1)	The amounts above are reported net of a related party allowance for doubtful accounts, which was $0.2 million as of December 31, 2021.