Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Revenues $ 851.7 $ 345.0
Operating costs and expenses:    
Cost of revenues, exclusive of depreciation, depletion and amortization 541.7 236.5
Selling, general, and administrative 76.3 21.0
Depreciation, depletion and amortization 110.3 44.6
Acquisition and integration costs 12.3 13.0
Other operating expense (income), net 4.4 (0.1)
Total operating costs and expenses 745.0 315.0
Operating income 106.7 30.0
Other (expense) income:    
Interest expense, net (34.9) (9.3)
(Gain) loss on extinguishment of debt 4.1 (8.3)
Other (expense) income, net (9.4) 8.2
Income before income taxes 66.5 20.6
Income tax expense (6.7) (0.6)
Net income (loss) 59.8 20.0
Less: net income attributable to ProFrac Predecessor   (19.6)
Less: net income attributable to noncontrolling interests 4.2 $ (0.4)
Less: net income attributable to redeemable noncontrolling interests (42.0)  
Net income attributable to ProFrac Holding Corp. $ 22.0  
Basic earnings per Class A share $ 0.40  
Diluted earnings per Class A share $ 0.40  
Weighted average Class A common shares outstanding, basic 54.5  
Weighted average Class A common shares outstanding, diluted 54.9