ProFrac Holding Corp

For the period ended Mar 31, 2024. Filed May 10, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 10, 2024

ACDC$3.42+13.8%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

(in millions, except per share amounts or where otherwise noted)

	March 31,2024	December 31,2023
ASSETS
Current assets:
Cash and cash equivalents	$28.3	$25.3
Accounts receivable, net	381.8	346.1
Accounts receivable — related party, net	11.9	6.8
Inventories	219.8	236.6
Prepaid expenses and other current assets	22.8	23.3
Total current assets	664.6	638.1
Property, plant, and equipment (net of accumulated depreciation of $1,083.8 and $1,010.2, respectively)	1,689.8	1,779.0
Operating lease right-of-use assets, net	77.7	87.2
Goodwill	342.3	325.9
Intangible assets, net	164.7	173.5
Investments ($24.9 and $23.4 at fair value, respectively)	30.4	28.9
Deferred tax assets	0.1	0.3
Other assets	37.4	37.8
Total assets	$3,007.0	$3,070.7
LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$281.8	$319.0
Accounts payable — related party	16.6	21.9
Accrued expenses	89.0	65.6
Current portion of long-term debt	136.4	126.4
Current portion of operating lease liabilities	19.6	24.5
Other current liabilities	64.4	84.1
Other current liabilities — related party	15.8	7.4
Total current liabilities	623.6	648.9
Long-term debt	895.1	923.5
Long-term debt — related party	17.1	18.6
Operating lease liabilities	63.2	67.8
Tax receivable agreement liability	64.8	68.1
Other liabilities	9.6	15.2
Total liabilities	1,673.4	1,742.1
Commitments and contingencies (NOTE 9)
Mezzanine equity:
Series A redeemable convertible preferred stock, $0.01 par value, 50 thousand shares authorized, issued and outstanding	59.9	58.7
Stockholders' equity:
Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding	—	—
Class A common stock, $0.01 par value, 600.0 shares authorized, 159.6 and 159.4 shares issued and outstanding, respectively	1.5	1.5
Class B common stock, $0.01 par value, 400.0 shares authorized, no shares issued and outstanding	—	—
Additional paid-in capital	1,227.2	1,225.4
Accumulated deficit	(15.4)	(16.0)
Accumulated other comprehensive income	0.3	0.3
Total stockholders' equity attributable to ProFrac Holding Corp.	1,213.6	1,211.2
Noncontrolling interests	60.1	58.7
Total stockholders' equity	1,273.7	1,269.9
Total liabilities, mezzanine equity, and stockholders' equity	$3,007.0	$3,070.7

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.