Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.23.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 25.1 $ 35.1
Accounts receivable, net 332.3 535.5
Accounts receivable - related party, net 6.5 2.1
Inventories 271.9 249.5
Prepaid expenses and other current assets 42.8 43.2
Total current assets 678.6 865.4
Property, plant, and equipment, net 1,845.4 1,396.4
Operating lease right-of-use assets, net 94.1 112.9
Goodwill 323.2 240.5
Intangible assets, net 182.3 203.1
Investments ($37.8 and $53.6 at fair value, respectively) 42.8 58.6
Deferred tax assets   0.4
Other assets 55.7 56.3
Total assets 3,222.1 2,933.6
Current liabilities:    
Accounts payable 341.1 339.4
Accounts payable - related party 17.5 24.0
Accrued expenses 113.0 115.4
Current portion of long-term debt 122.8 127.6
Current portion of operating lease liabilities 31.0 36.0
Other current liabilities 70.8 25.7
Other current liabilities - related party 7.4  
Total current liabilities 703.6 668.1
Long-term debt 902.1 735.0
Long-term debt - related party 32.2 62.8
Operating lease liabilities 67.8 81.0
Deferred tax liabilities 79.4  
Other liabilities 75.2 36.0
Total liabilities 1,860.3 1,582.9
Temporary equity:    
Series A preferred stock, $0.01 par value, 50 thousand shares authorized, 50 thousand and zero shares issued and outstanding, respectively 57.5  
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 1,171.3  
Retained earnings (accumulated deficit) 77.5 (1,185.9)
Accumulated other comprehensive loss (0.2)  
Total stockholders' equity (deficit) attributable to ProFrac Holding Corp. 1,250.1 (1,184.4)
Noncontrolling interests 54.2 72.2
Total stockholders' equity (deficit) 1,304.3 (1,112.2)
Total liabilities, temporary equity, and stockholders' equity (deficit) 3,222.1 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