Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 25.3 $ 35.1
Accounts receivable, net 346.1 535.5
Accounts receivable - related party, net 6.8 2.1
Inventories 236.6 249.5
Prepaid expenses, and other current assets 23.3 43.2
Total current assets 638.1 865.4
Property, plant, and equipment, net 1,779.0 1,396.4
Operating lease right-of-use assets, net 87.2 112.9
Goodwill 325.9 240.5
Intangible assets, net 173.5 203.1
Investments ($23.4 and $53.6 at fair value, respectively) 28.9 58.6
Deferred tax assets 0.3 0.4
Other assets 37.8 56.3
Total assets 3,070.7 2,933.6
Current liabilities:    
Accounts payable 319.0 339.4
Accounts payable - related party 21.9 24.0
Accrued expenses 65.6 103.7
Current portion of long-term debt 126.4 127.6
Current portion of operating lease liabilities 24.5 36.0
Other current liabilities 84.1 53.2
Other current liabilities - related party 7.4  
Total current liabilities 648.9 683.9
Long-term debt 923.5 735.0
Long-term debt - related party 18.6 62.8
Operating lease liabilities 67.8 81.0
Tax receivable agreement liability 68.1  
Other liabilities 15.2 20.2
Total liabilities 1,742.1 1,582.9
Commitments and contingencies (Note 13)
Temporary Equity [Abstract]    
Series A preferred stock, $0.01 par value, 50 thousand shares authorized, 50 thousand and zero shares issued and outstanding, respectively 58.7  
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 1,225.4  
Accumulated deficit (16.0) (1,185.9)
Accumulated other comprehensive income 0.3  
Total stockholders' equity (deficit) attributable to ProFrac Holding Corp. 1,211.2 (1,184.4)
Noncontrolling interests 58.7 72.2
Total stockholders' equity (deficit) 1,269.9 (1,112.2)
Total liabilities, temporary equity, and stockholders' equity (deficit) 3,070.7 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   $ 1.0