Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Equity

v3.24.0.1
Consolidated Statements of Changes in Equity - USD ($)
$ in Millions
Total
Producers
Performance Proppants
U.S. Well Services, Inc.
Common Class A
Common Class B
REV Energy Holdings, LLC
IPO
Common Stock
Common Class A
Common Stock
Common Class A
Producers
Common Stock
Common Class A
Performance Proppants
Common Stock
Common Class A
U.S. Well Services, Inc.
Common Stock
Common Class B
Common Stock
Common Class B
REV Energy Holdings, LLC
Common Stock
IPO
Common Class A
Additional Paid-in Capital
Additional Paid-in Capital
Producers
Additional Paid-in Capital
Performance Proppants
Additional Paid-in Capital
U.S. Well Services, Inc.
Additional Paid-in Capital
Common Class A
Additional Paid-in Capital
Common Class B
REV Energy Holdings, LLC
Additional Paid-in Capital
IPO
(Accumulated Deficit) Retained Earnings
(Accumulated Deficit) Retained Earnings
IPO
Accumulated Other Comprehensive Income
Noncontrolling Interests
Members' Equity
Beginning balance at Dec. 31, 2020 $ 176.8                                               $ 1.8 $ 175.0
Net income (loss) (43.5)                                               (1.1) (42.4)
Member contribution by debt retirement 18.0                                                 18.0
Purchase of noncontrolling interests (4.5)                                               (0.9) (3.6)
Noncontrolling interest of acquired business 1.2                                               1.2  
Foreign currency translation adjustments 0.1                                             $ 0.1    
Ending balance at Dec. 31, 2021 148.1                                             0.1 1.0 147.0
Net income (loss) 136.7                                         $ 91.5     (28.4) 73.6
Purchase of noncontrolling interests (1.7)                                               (1.7)  
Member contributions 5.0                                                 5.0
Deemed distribution (3.7)                                                 (3.7)
Stock issued for acquisition 72.9     $ 134.7   $ 20.4         $ 0.1             $ 134.6   $ 20.4           72.9
Stock issued for acquisition, shares                     12,900,000   3,100,000                          
Noncontrolling interest of consolidated business 99.0                                               99.0  
Issuance of shares 1.0       $ 0.1   $ 227.7         $ 1.0   $ 0.2         $ 0.1   $ 227.5          
Issuance of shares, Shares                       101,100,000   18,200,000                        
Effect of corporate reorganization and reclassification to redeemable noncontrolling interest (377.5)             $ 0.2             $ (82.9)                     $ (294.8)
Effect of corporate reorganization and reclassification to redeemable noncontrolling interest, Shares               20,900,000                                    
Adjustment of redeemable noncontrolling interest to redemption amount at inception 173.8           $ (1,438.3)               188.3           $ (146.4) (14.5) $ (1,291.9)      
Tax withholding related to net share settlement of equity awards, shares               (200,000)                                    
Tax withholding related to net share settlement of equity awards (2.0)                           (2.0)                      
Class A shares issued to settle asset purchase 16.7                           16.7                      
Class A shares issued to settle asset purchase liability, Shares               2,100,000                                    
Stock-based compensation 4.1                           1.9                   2.2  
Stock-based compensation related to deemed contribution 17.7                           17.7                      
Foreign currency translation adjustments                                               (0.1) 0.1  
Additional paid-in capital related to tax receivable agreement 0.6                           0.6                      
Other 0.1                           0.1                      
Ending balance at Dec. 31, 2022 (1,112.2)             $ 0.5       $ 1.0                   (1,185.9)     72.2  
Ending balance, Shares at Dec. 31, 2022               53,900,000       104,200,000                            
Net income (loss) (101.0)                                         (97.7)     (3.3)  
Stock issued for acquisition   $ 6.2 $ 3.4                         $ 6.2 $ 3.4                  
Stock issued for acquisition, shares                 400,000 300,000                                
Issuance of shares, Shares               600,000                                    
Adjustment of redeemable noncontrolling interest to redemption amount at inception 1,210.3                           (67.1)             1,277.4        
Conversion of Class B shares to Class A shares, Shares               104,200,000       (104,200,000)                            
Conversion of Class B shares to Class A shares $ 1,313.3             $ 1.0       $ (1.0)     $ 1,313.3                      
Tax withholding related to net share settlement of equity awards, shares (800,000)                           (800,000)                      
Stock-based compensation $ 8.1                           $ 7.8                   0.3  
Stock-based compensation related to deemed contribution 12.4                           12.4                      
Flotek common stock issued to satisfy convertible notes held by third parties 12.7                                               12.7  
Adjustment of convertible preferred stock to redemption amount (9.8)                                         (9.8)        
Foreign currency translation adjustments 0.2                                             0.3 (0.1)  
Additional paid-in capital related to tax receivable agreement (67.6)                           (67.6)                      
Change in equity ownership of Flotek                             23.1                   (23.1)  
Change in accrued distribution related to income taxes (5.3)                           (5.3)                      
Ending balance at Dec. 31, 2023 $ 1,269.9             $ 1.5             $ 1,225.4             $ (16.0)   $ 0.3 $ 58.7  
Ending balance, Shares at Dec. 31, 2023               159,400,000