ProFrac Holding Corp.
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
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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.
Sep 30, 2025 · Filed Nov 10, 2025
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 Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(215.0) | $(106.1) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 313.7 | 328.9 |
| Amortization of acquired unfavorable contracts | (7.6) | (39.1) |
| Stock-based compensation | 6.6 | 6.1 |
| Loss (gain) on insurance recoveries | 0.3 | (3.2) |
| Loss (gain) on disposal of assets, net | 14.1 | (2.5) |
| Non-cash loss on extinguishment of debt | — | 0.8 |
| Amortization of debt issuance costs | 8.9 | 11.2 |
| Loss on investments, net | 6.8 | 0.9 |
| Provision for supply commitment charges | — | 9.6 |
| Provision for credit losses, net of recoveries | 12.8 | — |
| Goodwill impairment | — | 74.5 |
| Deferred tax benefit | (16.5) | (25.4) |
| Other non-cash items, net | 0.4 | (0.1) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 26.4 | 13.4 |
| Inventories | 24.1 | 26.7 |
| Prepaid expenses and other assets | (7.3) | (15.0) |
| Accounts payable | (23.3) | 24.3 |
| Accrued expenses | 9.5 | 7.0 |
| Other liabilities | (13.9) | (21.2) |
| Net cash provided by operating activities | 140.0 | 290.8 |
| Cash flows from investing activities: | ||
| Acquisitions, net of cash acquired | — | (194.4) |
| Investment in property, plant & equipment | (133.3) | (191.8) |
| Proceeds from sale of assets | 4.9 | 31.9 |
| Proceeds from insurance recoveries | — | 4.5 |
| Other | 0.4 | (2.0) |
| Net cash used in investing activities | (128.0) | (351.8) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt | 38.5 | 136.4 |
| Repayments of long-term debt | (103.7) | (110.0) |
| Borrowings from revolving credit agreements | 1,344.3 | 1,580.4 |
| Repayments of revolving credit agreements | (1,324.6) | (1,540.6) |
| Payment of debt issuance costs | (0.6) | (3.5) |
| Cash settlement of vested stock awards | (1.2) | — |
| Tax withholding related to net share settlement of equity awards | — | (1.5) |
| Proceeds from issuance of common stock | 82.4 | — |
| Payment of common stock issuance costs | (3.4) | — |
| Other | (0.5) | — |
| Net cash provided by financing activities | 31.2 | 61.2 |
| Net increase in cash, cash equivalents, and restricted cash | 43.2 | 0.2 |
| Cash, cash equivalents, and restricted cash beginning of period | 14.8 | 25.3 |
| Cash, cash equivalents, and restricted cash end of period | $58.0 | $25.5 |
| Non-cash investing and financing activities | ||
| Capital expenditures included in accounts payable | $10.0 | $38.2 |
| Operating lease liabilities incurred from obtaining right-of-use assets | $1.0 | $55.7 |
| Finance lease liabilities incurred from obtaining property, plant & equipment | $1.9 | $9.9 |
Notes to Unaudited Condensed Consolidated Financial Statements
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