Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenues $ 709.2 $ 589.8 $ 1,566.7 $ 934.8
Operating costs and expenses:        
Cost of revenues, exclusive of depreciation, depletion and amortization 467.8 339.2 1,013.7 575.7
Selling, general, and administrative 70.3 83.5 148.2 104.5
Depreciation, depletion and amortization 108.9 64.4 219.2 109.0
Acquisition and integration costs 5.2 4.1 17.5 17.1
Other operating expense, net 3.3 6.1 7.7 6.0
Total operating costs and expenses 655.5 497.3 1,406.3 812.3
Operating income 53.7 92.5 160.4 122.5
Other (expense) income:        
Interest expense, net (41.0) (13.4) (75.9) (22.7)
(Loss) gain on extinguishment of debt   (8.8) 4.1 (17.1)
Other (expense) income, net (7.7) 1.0 (17.1) 9.2
Income before income taxes 5.0 71.3 71.5 91.9
Income tax expense (9.6) (3.9) (16.3) (4.5)
Net (loss) income (4.6) 67.4 55.2 87.4
Less: net income attributable to ProFrac Predecessor   (54.0)   (73.6)
Less: net (income) loss attributable to noncontrolling interests 1.5 8.7 5.7 8.3
Less: net loss (income) attributable to redeemable noncontrolling interests 0.2 (15.5) (41.8) (15.5)
Net (loss) income attributable to ProFrac Holding Corp. $ (2.9) $ 6.6 $ 19.1 $ 6.6
Basic (Loss) earnings per Class A share $ (0.02) $ 0.16 $ 0.19 $ 0.16
Diluted (Loss) earnings per Class A share $ (0.02) $ 0.16 $ 0.19 $ 0.16
Weighted average Class A common shares outstanding, basic 148.8 40.1 101.9 40.1
Weighted average Class A common shares outstanding, diluted 148.8 40.1 102.1 40.1