Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.24.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues $ 575.3 $ 574.2 $ 1,736.2 $ 2,140.9
Operating costs and expenses:        
Cost of revenues, exclusive of depreciation, depletion and amortization 390.7 376.8 1,157.5 1,405.4
Selling, general, and administrative 51.9 52.7 156.6 186.0
Depreciation, depletion and amortization 112.7 111.5 328.9 330.7
Acquisition and integration costs 2.0 2.6 5.1 20.1
Goodwill impairment 6.8   74.5  
Other operating expense, net 15.5 10.1 27.2 17.8
Total operating costs and expenses 579.6 553.7 1,749.8 1,960.0
Operating income (loss) (4.3) 20.5 (13.6) 180.9
Other income (expense):        
Interest expense, net (40.6) (40.2) (117.8) (116.1)
Gain (loss) on extinguishment of debt     (0.8) 4.1
Other income (expense), net (0.1) (4.9) 1.2 (22.0)
Income (loss) before income taxes (45.0) (24.6) (131.0) 46.9
Income tax benefit (expense) 1.5 6.7 24.9 (9.6)
Net income (loss) (43.5) (17.9) (106.1) 37.3
Less: net (income) loss attributable to noncontrolling interests (1.7) (1.0) (4.0) 4.7
Less: net income attributable to redeemable noncontrolling interests       (41.8)
Net income (loss) attributable to ProFrac Holding Corp. (45.2) (18.9) (110.1) 0.2
Net loss attributable to Class A common shareholders $ (46.4) $ (27.5) $ (113.7) $ (8.4)
Loss per Class A common share (basic and diluted) $ (0.29) $ (0.17) $ (0.71) $ (0.07)
Loss per Class A common share (basic and diluted) $ (0.29) $ (0.17) $ (0.71) $ (0.07)
Weighted average Class A common shares outstanding, basic 160.1 159.4 159.9 121.3
Weighted average Class A common shares outstanding, diluted 160.1 159.4 159.9 121.3
Services        
Revenues $ 506.5 $ 485.4 $ 1,504.8 $ 1,879.8
Product Sales        
Revenues $ 68.8 $ 88.8 $ 231.4 $ 261.1