ProFrac Holding Corp
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
ACDC$3.01+10.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in millions, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenues: | |||
| Services | $2,274.2 | $2,341.5 | $744.2 |
| Product sales | 355.8 | 84.1 | 24.2 |
| Total revenues | 2,630.0 | 2,425.6 | 768.4 |
| Operating costs and expenses: | |||
| Cost of revenues, exclusive of depreciation, depletion and amortization | 1,705.2 | 1,438.7 | 570.1 |
| Selling, general, and administrative | 268.5 | 243.1 | 64.2 |
| Depreciation, depletion and amortization | 438.4 | 267.3 | 140.7 |
| Acquisition and integration costs | 21.8 | 48.8 | — |
| Other operating expense, net | 29.5 | 15.3 | 11.4 |
| Total operating costs and expenses | 2,463.4 | 2,013.2 | 786.4 |
| Operating income (loss) | 166.6 | 412.4 | (18.0) |
| Other income (expense): | |||
| Interest expense, net | (154.9) | (59.5) | (25.8) |
| Loss on extinguishment of debt | (33.5) | (17.6) | (0.5) |
| Other income (expense), net | (36.2) | 16.5 | 0.6 |
| Income (loss) before income taxes | (58.0) | 351.8 | (43.7) |
| Income tax benefit (expense) | (1.2) | (9.1) | 0.2 |
| Net income (loss) | (59.2) | 342.7 | (43.5) |
| Less: net (income) loss attributable to ProFrac Predecessor | — | (73.6) | 42.4 |
| Less: net loss attributable to noncontrolling interests | 3.3 | 28.4 | 1.1 |
| Less: net income attributable to redeemable noncontrolling interests | (41.8) | (206.0) | — |
| Net income (loss) attributable to ProFrac Holding Corp. | $(97.7) | $91.5 | $— |
| Net income (loss) attributable to Class A common shareholders | $(107.5) | $91.5 | $— |
| Earnings (loss) per Class A common share (basic and diluted) | $(0.82) | $2.06 | $— |
| Weighted average Class A common shares outstanding: | |||
| Basic | 130.9 | 44.3 | — |
| Diluted | 130.9 | 44.5 | — |
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