Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 35.1 $ 5.4
Accounts receivable, net 535.5 161.6
Accounts receivable—related party 2.1 4.5
Inventories 249.5 74.0
Prepaid expenses, and other current assets 43.2 6.2
Total current assets 865.4 251.7
Property, plant, and equipment, net 1,396.4 363.7
Operating lease right-of-use assets 112.9  
Goodwill 240.5  
Intangible assets, net 203.1 27.8
Investments 58.6 4.2
Deferred tax assets 0.4  
Other assets 56.3 17.2
Total assets 2,933.6 664.6
Current liabilities:    
Accounts payable 339.4 136.7
Accounts payable—related party 24.0 21.3
Accrued expenses 115.4 22.5
Current portion of long-term debt 127.6 31.8
Current portion of operating lease liabilities 36.0  
Other current liabilities 25.7 34.4
Total current liabilities 668.1 246.7
Long-term debt 735.0 235.1
Long-term debt—related party 62.8 34.7
Operating lease liabilities 81.0  
Other liabilities 36.0  
Total liabilities 1,582.9 516.5
Commitments and contingencies (Note 13)
Redeemable noncontrolling interest 2,462.9  
Stockholders' and members' (deficit) equity    
Members' equity   147.0
Preferred stock, $0.01 par value, 50.0 shares authorized, 0 shares issued and outstanding
Accumulated deficit 1,185.9  
Accumulated other comprehensive income   0.1
Total stockholders' and members' (deficit) equity attributable to ProFrac Holding Corp. (1,184.4) 147.1
Noncontrolling interests 72.2 1.0
Total stockholders' and members' (deficit) equity (1,112.2) 148.1
Total liabilities, redeemable noncontrollable interest, and stockholders' and members' (deficit) equity 2,933.6 $ 664.6
Common Class A    
Stockholders' and members' (deficit) equity    
Common stock, value 0.5  
Common Class B    
Stockholders' and members' (deficit) equity    
Common stock, value $ 1.0