Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.23.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 26.9 $ 35.1
Trade customers, net 460.5 535.5
Related party 5.7 2.1
Inventories 304.8 249.5
Prepaid expenses and other current assets 31.0 43.2
Total current assets 828.9 865.4
Property, plant, and equipment, net 1,911.6 1,396.4
Operating lease right-of-use assets, net 102.0 112.9
Goodwill 321.4 240.5
Intangible assets, net 191.1 203.1
Investments 48.4 58.6
Deferred tax assets   0.4
Other assets 47.4 56.3
Total assets 3,450.8 2,933.6
Current liabilities:    
Trade creditors 425.1 339.4
Related party 33.5 24.0
Accrued expenses 124.5 115.4
Current portion of long-term debt 114.4 127.6
Current portion of operating lease liabilities 36.6 36.0
Third party 67.4 25.7
Related party 36.3  
Total current liabilities 837.8 668.1
Long-term debt 1,019.8 735.0
Long-term debt—related party 35.0 62.8
Operating lease liabilities 69.8 81.0
Deferred tax liabilities 77.6  
Other liabilities 84.7 36.0
Total liabilities 2,124.7 1,582.9
Commitments and contingencies (Note 7)
Redeemable noncontrolling interest   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 1,166.9  
Retained earnings (accumulated deficit) 110.6 (1,185.9)
Accumulated other comprehensive income (0.2)  
Total stockholders' equity (deficit) attributable to ProFrac Holding Corp. 1,278.8 (1,184.4)
Noncontrolling interests 47.3 72.2
Total stockholders' equity (deficit) 1,326.1 (1,112.2)
Total liabilities, redeemable noncontrolling interest, and stockholders' equity (deficit) 3,450.8 2,933.6
Common Class A    
Stockholders' equity (deficit):    
Common stock, value 1.5 0.5
Common Class B    
Stockholders' equity (deficit):    
Common stock, value $ 0.0 $ 1.0