ProFrac Holding Corp
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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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.
Jun 30, 2024 · Filed Aug 9, 2024
ACDC$3.53+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in millions, except per share amounts)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Services | $492.9 | $607.7 | $998.3 | $1,394.4 |
| Product sales | 86.5 | 101.5 | 162.6 | 172.3 |
| Total revenues | 579.4 | 709.2 | 1,160.9 | 1,566.7 |
| Operating costs and expenses: | ||||
| Cost of revenues, exclusive of depreciation, depletion and amortization | 393.1 | 474.6 | 766.8 | 1,028.6 |
| Selling, general, and administrative | 54.1 | 63.5 | 104.7 | 133.3 |
| Depreciation, depletion and amortization | 103.4 | 108.9 | 216.2 | 219.2 |
| Acquisition and integration costs | 2.9 | 5.2 | 3.1 | 17.5 |
| Goodwill impairment | 67.7 | — | 67.7 | — |
| Other operating expense, net | 7.4 | 3.3 | 11.7 | 7.7 |
| Total operating costs and expenses | 628.6 | 655.5 | 1,170.2 | 1,406.3 |
| Operating income (loss) | (49.2) | 53.7 | (9.3) | 160.4 |
| Other income (expense): | ||||
| Interest expense, net | (39.6) | (41.0) | (77.2) | (75.9) |
| Gain (loss) on extinguishment of debt | — | — | (0.8) | 4.1 |
| Other income (expense), net | (0.5) | (7.7) | 1.3 | (17.1) |
| Income (loss) before income taxes | (89.3) | 5.0 | (86.0) | 71.5 |
| Income tax benefit (expense) | 23.7 | (9.6) | 23.4 | (16.3) |
| Net income (loss) | (65.6) | (4.6) | (62.6) | 55.2 |
| Less: net (income) loss attributable to noncontrolling interests | (1.1) | 1.5 | (2.3) | 5.7 |
| Less: net (income) loss attributable to redeemable noncontrolling interests | — | 0.2 | — | (41.8) |
| Net income (loss) attributable to ProFrac Holding Corp. | $(66.7) | $(2.9) | $(64.9) | $19.1 |
| Net income (loss) attributable to Class A common shareholders | $(67.9) | $(2.9) | $(67.3) | $19.1 |
| Earnings (loss) per Class A common share (basic and diluted) | $(0.42) | $(0.02) | $(0.42) | $0.19 |
| Weighted average Class A common shares outstanding: | ||||
| Basic | 160.0 | 148.8 | 159.7 | 101.9 |
| Diluted | 160.0 | 148.8 | 159.7 | 102.1 |
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