Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.23.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 69.9 $ 35.1
Trade customers, net 593.1 535.5
Related party 4.4 2.1
Inventories 283.1 249.5
Prepaid expenses and other current assets 43.1 43.2
Total current assets 993.6 865.4
Property, plant, and equipment, net 1,909.9 1,396.4
Operating lease right-of-use assets, net 109.4 112.9
Goodwill 327.7 240.5
Intangible assets, net 200.0 203.1
Investments 53.0 58.6
Deferred tax assets 0.4 0.4
Other assets 46.3 56.3
Total assets 3,640.3 2,933.6
Current liabilities:    
Trade creditors 515.0 339.4
Related party 40.1 24.0
Accrued expenses 130.2 115.4
Current portion of long-term debt 139.4 127.6
Current portion of operating lease liabilities 37.0 36.0
Other current liabilities 73.4 25.7
Total current liabilities 935.1 668.1
Long-term debt 1,047.6 735.0
Long-term debt—related party 61.1 62.8
Operating lease liabilities 76.7 81.0
Other liabilities 64.1 36.0
Total liabilities 2,184.6 1,582.9
Commitments and contingencies (Note 7)
Redeemable noncontrolling interest 1,254.9 2,462.9
Stockholders' equity (deficit):    
Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding
Additional paid-in capital 4.8  
Retained earnings (accumulated deficit) 113.5 (1,185.9)
Accumulated other comprehensive income 0.1  
Total stockholders' equity (deficit) attributable to ProFrac Holding Corp. 119.9 (1,184.4)
Noncontrolling interests 80.9 72.2
Total stockholders' equity (deficit) 200.8 (1,112.2)
Total liabilities, redeemable noncontrolling interest, and stockholders' equity (deficit) 3,640.3 2,933.6
Common Class A    
Stockholders' equity (deficit):    
Common stock, value 0.5 0.5
Common Class B    
Stockholders' equity (deficit):    
Common stock, value $ 1.0 $ 1.0