ProFrac Holding Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Equity (Unaudited)

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Millions	Total	Producers	Performance Proppants	Common Stock Class A Common Stock	Common Stock Class A Common Stock Producers	Common Stock Class A Common Stock Performance Proppants	Common Stock Class B Common Stock	Additional Paid-in Capital	Additional Paid-in Capital Producers	Additional Paid-in Capital Performance Proppants	(Accumulated Deficit) Retained Earnings	Accumulated Other Comprehensive Income (loss)	Noncontrolling Interests
Beginning balance at Dec. 31, 2022	$ (1,112.2)			$ 0.5			$ 1.0				$ (1,185.9)		$ 72.2
Beginning balance, Shares at Dec. 31, 2022				53,900,000			104,200,000
Stock issued for acquisition		$ 6.2	$ 3.4						$ 6.2	$ 3.4
Stock issued for acquisition, shares					400,000	300,000
Net income (loss)	17.8										22.0		(4.2)
Stock-based compensation	1.0							0.9					0.1
Stock-based compensation related to deemed contribution	3.5							3.5
Conversion of Flotek notes to equity/common stock issued to satisfy convertible notes	12.7												12.7
Foreign currency translation adjustments	0.2											$ 0.1	0.1
Adjustment of redeemable noncontrolling interest to redemption amount	1,268.2							(9.2)			1,277.4
Ending balance at Mar. 31, 2023	200.8			$ 0.5			$ 1.0	4.8			113.5	0.1	80.9
Ending balance, Shares at Mar. 31, 2023				54,600,000			104,200,000
Net income (loss)	(4.4)										(2.9)		(1.5)
Stock-based compensation	2.3							2.7					(0.4)
Stock-based compensation related to deemed contribution	6.8							6.8
Tax withholding related to net share settlement of equity awards	(0.8)							(0.8)
Share issuance, shares				600,000
Conversion of Flotek notes to equity/common stock issued to satisfy convertible notes								14.3					(14.3)
Foreign currency translation adjustments	(0.4)											(0.3)	(0.1)
Adjustment of redeemable noncontrolling interest to redemption amount	(57.9)							(57.9)
Conversion of Class B common stock to Class A common stock	1,313.3			$ 1.0			$ (1.0)	1,313.3
Conversion of Class B common stock to Class A common stock, Shares				104,200,000			(104,200,000)
Additional paid-in capital related to tax receivable agreement	(58.6)							(58.6)
Deferred taxes related to conversion of Class B common stock to Class A common stock	(9.5)							(9.5)
Ending balance at Jun. 30, 2023	1,391.6			$ 1.5				1,215.1			110.6	(0.2)	64.6
Ending balance, Shares at Jun. 30, 2023				159,400,000
Beginning balance at Dec. 31, 2023	1,269.9			$ 1.5				1,225.4			(16.0)	0.3	58.7
Beginning balance, Shares at Dec. 31, 2023				159,400,000
Net income (loss)	3.0										1.8		1.2
Stock-based compensation	2.1							1.9					0.2
Tax withholding related to net share settlement of equity awards	(0.1)							(0.1)
Share issuance, shares				200,000
Adjustment of convertible Series A redeemable preferred stock to redemption amount	(1.2)										(1.2)
Ending balance at Mar. 31, 2024	1,273.7			$ 1.5				1,227.2			(15.4)	0.3	60.1
Ending balance, Shares at Mar. 31, 2024				159,600,000
Net income (loss)	(65.6)										(66.7)		1.1
Stock-based compensation	2.9							2.8					0.1
Tax withholding related to net share settlement of equity awards	(1.4)							(1.4)
Tax withholding related to net share settlement of equity awards, shares				(200,000)
Share issuance, shares				800,000
Foreign currency translation adjustments	0.4											(0.1)	0.5
Adjustment of convertible Series A redeemable preferred stock to redemption amount	(1.2)										(1.2)
Noncontrolling interest of acquired business	2.2												2.2
Ending balance at Jun. 30, 2024	$ 1,211.0			$ 1.5				$ 1,228.6			$ (83.3)	$ 0.2	$ 64.0
Ending balance, Shares at Jun. 30, 2024				160,200,000