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
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) (48,670)                      
Foreign currency translation 55                      
Ending balance at Sep. 30, 2021 129,427                 41 1,083 128,303
Beginning balance at Mar. 31, 2021 152,057                 6 3,022 149,029
Net income (loss) (8,606)                   (128) (8,478)
Foreign currency translation 4                 4    
Ending balance at Jun. 30, 2021 143,455                 10 2,894 140,551
Net income (loss) (14,075)                   (42) (14,033)
Foreign currency translation 45                 31 14  
Acquisition of Noncontrolling Interests 2                   (1,783) 1,785
Ending balance at Sep. 30, 2021 129,427                 41 1,083 128,303
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
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 Dec. 31, 2021 148,110                 56 1,039 147,015
Net income (loss) 237,581                      
Foreign currency translation 84                      
Ending balance at Sep. 30, 2022 (785,158)   $ 412 $ 1,011       (868,409)   9 81,819  
Ending balance, Shares at Sep. 30, 2022     41,240 101,133                
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            
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                
Net income (loss) 143,362             44,930     (11,751)  
Net (loss) income 33,179                      
Stock-based compensation 1,253         598         655  
Stock-based compensation related to deemed contribution 2,957         2,957            
Foreign currency translation 97                      
Additional paid-in capital related to tax receivable agreement 7         7            
Foreign currency translation 207                 45 52  
Other 79         79            
Other , Shares     3                  
Adjustment of redeemable noncontrolling interest to redemption amount 493,800         $ (3,641)   497,441        
Ending balance at Sep. 30, 2022 $ (785,158)   $ 412 $ 1,011       $ (868,409)   $ 9 $ 81,819  
Ending balance, Shares at Sep. 30, 2022     41,240 101,133