Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues $ 581.5 $ 857.5
Operating costs and expenses:    
Cost of revenues, exclusive of depreciation, depletion and amortization 373.7 545.9
Selling, general, and administrative 50.6 77.9
Depreciation, depletion and amortization 112.8 110.3
Acquisition and integration costs 0.2 12.3
Other operating expense, net 4.3 4.4
Total operating costs and expenses 541.6 750.8
Operating income 39.9 106.7
Other income (expense):    
Interest expense, net (37.6) (34.9)
Gain (loss) on extinguishment of debt (0.8) 4.1
Other income (expense), net 1.8 (9.4)
Income before income taxes 3.3 66.5
Income tax expense (0.3) (6.7)
Net income 3.0 59.8
Less: net (income) loss attributable to noncontrolling interests (1.2) 4.2
Less: net income attributable to redeemable noncontrolling interests   (42.0)
Net income attributable to ProFrac Holding Corp. 1.8 22.0
Net income attributable to Class A common shareholders $ 0.6 $ 22.0
Basic earnings per Class A share $ 0 $ 0.4
Diluted earnings per Class A share $ 0 $ 0.4
Weighted average Class A common shares outstanding, basic 159.5 54.5
Weighted average Class A common shares outstanding, diluted 159.8 54.9
Services    
Revenues $ 505.4 $ 786.7
Product Sales    
Revenues $ 76.1 $ 70.8