Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Total revenues $ 2,630.0 $ 2,425.6 $ 768.4
Operating costs and expenses:      
Cost of revenues, exclusive of depreciation, depletion and amortization 1,705.2 1,438.7 570.1
Selling, general, and administrative 268.5 243.1 64.2
Depreciation, depletion and amortization 438.4 267.3 140.7
Acquisition and integration costs 21.8 48.8  
Other operating expense, net 29.5 15.3 11.4
Total operating costs and expenses 2,463.4 2,013.2 786.4
Operating income (loss) 166.6 412.4 (18.0)
Other income (expense):      
Interest expense, net (154.9) (59.5) (25.8)
Loss on extinguishment of debt (33.5) (17.6) (0.5)
Other income (expense), net (36.2) 16.5 0.6
Income (loss) before income taxes (58.0) 351.8 (43.7)
Income tax benefit (expense) (1.2) (9.1) 0.2
Net income (loss) (59.2) 342.7 (43.5)
Less: net (income) loss attributable to ProFrac Predecessor   (73.6) 42.4
Less: net loss attributable to noncontrolling interests 3.3 28.4 1.1
Less: net income attributable to redeemable noncontrolling interests (41.8) (206.0)  
Net income (loss) attributable to ProFrac Holding Corp. (97.7) 91.5  
Net income (loss) attributable to Class A common shareholders $ (107.5) $ 91.5  
Basic (Loss) earnings per Class A share $ (0.82) $ 2.06  
Diluted (Loss) earnings per Class A share $ (0.82) $ 2.06  
Weighted average Class A common shares outstanding, basic 130.9 44.3  
Weighted average Class A common shares outstanding, diluted 130.9 44.5  
Services      
Total revenues $ 2,274.2 $ 2,341.5 744.2
Product Sales      
Total revenues $ 355.8 $ 84.1 $ 24.2