Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Equity

v3.23.1
Consolidated Statements of Changes in Equity - USD ($)
$ in Millions
Total
REV Energy Holdings, LLC
Common Class A
U.S. Well Services, Inc.
Common Class B
IPO
Common Stock
Common Stock
Common Class A
Common Stock
Common Class A
U.S. Well Services, Inc.
Common Stock
Common Class B
Common Stock
Common Class B
REV Energy Holdings, LLC
Common Stock
IPO
Common Class A
Additional Paid-in Capital
Additional Paid-in Capital
REV Energy Holdings, LLC
Additional Paid-in Capital
Common Class A
Additional Paid-in Capital
Common Class A
U.S. Well Services, Inc.
Additional Paid-in Capital
IPO
Retained Earnings (Deficit)
Retained Earnings (Deficit)
IPO
Accumulated Other Comprehensive Income
Noncontrolling Interests
Members' Equity
Beginning balance at Dec. 31, 2019 $ 284.8                                     $ 2.9 $ 281.9
Net income (loss) (118.5)                                     (1.1) (117.4)
Member contribution by debt retirement 10.5                                       10.5
Ending balance at Dec. 31, 2020 176.8                                     1.8 175.0
Net income (loss) (43.5)                                     (1.1) (42.4)
Member contribution by debt retirement 18.0                                       18.0
Noncontrolling interest of acquired business 1.2                                     1.2  
Purchase of noncontrolling interests (4.5)                                     (0.9) (3.6)
Foreign currency translation adjustments 0.1                                   $ 0.1    
Ending balance at Dec. 31, 2021 148.1                                   0.1 1.0 147.0
Net income (loss) 342.7                                        
Net income (loss) 136.7                               $ 91.5     (28.4) 73.6
Noncontrolling interest of acquired business 99.0                                     99.0  
Member contributions 5.0                                       5.0
Deemed distribution (3.7)                                       (3.7)
Stock issued for acquisition 72.9 $ 20.4 $ 134.7         $ 0.1         $ 20.4   $ 134.6           72.9
Stock issued for acquisition, shares               12,900,000   3,100,000                      
Purchase of noncontrolling interests (1.7)                                     (1.7)  
Class A shares issued for vested stock awards 0.1     $ 1.0 $ 227.7       $ 1.0   $ 0.2     $ 0.1   $ 227.5          
Issuance of shares, Shares                 101,100,000   18,200,000                    
Effect of corporate reorganization and reclassification to redeemable noncontrolling interest (377.5)           $ 0.2         $ (82.9)                 $ (294.8)
Effect of corporate reorganization and reclassification to redeemable noncontrolling interest, Shares             20,900,000                            
Adjustment of redeemable noncontrolling interest to redemption amount (173.8)       $ (1,438.3)             (188.3)       $ (146.4) 14.5 $ (1,291.9)      
Tax withholding related to net share settlement of equity awards, shares           (200,000)                              
Tax withholding related to net share settlement of equity awards (2.0)                     (2.0)                  
Class A shares issued to settle asset purchase 16.7                     16.7                  
Class A shares issued to settle asset purchase liability, Shares             2,100,000                            
Stock-based compensation 4.1                     1.9               2.2  
Stock-based compensation related to deemed contribution 17.7                     17.7                  
Foreign currency translation adjustments 0.1                                   $ (0.1) 0.1  
Additional paid-in capital related to tax receivable agreement 0.6                     0.6                  
Other 0.1                     $ 0.1                  
Ending balance at Dec. 31, 2022 $ (1,112.2)           $ 0.5   $ 1.0               $ (1,185.9)     $ 72.2  
Ending balance, Shares at Dec. 31, 2022             53,900,000   104,200,000