Quarterly report pursuant to Section 13 or 15(d)

Consolidated balance sheets (Unaudited)

v3.22.2.2
Consolidated balance sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 64,678 $ 5,376
Accounts receivable, net 501,337 161,632
Accounts receivable—related party 4,510 4,515
Prepaid expenses, and other current assets 25,065 6,213
Assets held for sale 1,805  
Inventories 238,794 73,942
Total current assets 836,189 251,678
Property, plant, and equipment 1,454,010 827,865
Accumulated depreciation and depletion (632,801) (464,178)
Property, plant, and equipment, net 821,209 363,687
Operating lease right-of-use assets 78,569  
Deferred tax assets 2,033  
Investments 56,753 4,244
Intangible assets, net 34,930 27,816
Goodwill 97,573  
Other assets 52,028 17,145
Total assets 1,979,284 664,570
Current liabilities:    
Accounts payable 209,537 121,070
Accounts payable—related party 34,911 21,275
Current portion of operating lease liabilities 9,532  
Accrued expenses 194,321 38,149
Other current liabilities 36,446 34,400
Current portion of long-term debt 60,541 31,793
Total current liabilities 545,288 246,687
Long-term debt 484,228 235,128
Long-term debt—related party   34,645
Operating lease liabilities 73,180  
Other liabilities 17,320  
Total liabilities 1,120,016 516,460
Commitments and contingencies (Note 17)
Redeemable noncontrolling interest 1,644,426  
Stockholders' and members' equity    
Members' equity   147,015
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding
Accumulated deficit (868,409)  
Accumulated other comprehensive (loss) income 9 56
Total stockholders' and members' (deficit) equity attributable to ProFrac Holding Corp. (866,977) 147,071
Noncontrolling interests 81,819 1,039
Total stockholders' and members' (deficit) equity (785,158) 148,110
Total liabilities, redeemable noncontrollable interest, and stockholders' and members' (deficit) equity 1,979,284 $ 664,570
Common Class A    
Stockholders' and members' equity    
Common stock, value 412  
Common Class B    
Stockholders' and members' equity    
Common stock, value $ 1,011