ProFrac Holding Corp.
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 13, 2026
ACDC$3.53+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net loss | $(355.5) | $(207.8) | $(59.2) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation, depletion and amortization | 416.3 | 442.2 | 438.4 |
| Amortization of acquired unfavorable contracts | (7.6) | (46.5) | (57.5) |
| Stock-based compensation | 9.3 | 7.3 | 29.8 |
| Loss (gain) on insurance recoveries | 0.3 | (4.9) | — |
| Loss (gain) on disposal of assets, net | 18.1 | 0.3 | (1.7) |
| Non-cash loss on extinguishment of debt | — | 0.8 | 17.4 |
| Amortization of debt issuance costs | 11.7 | 14.5 | 24.3 |
| Acquisition earnout adjustment | — | — | (6.6) |
| Loss (gain) on investments, net | 6.8 | (0.4) | 38.5 |
| Provision for supply commitment charges | — | 9.6 | — |
| Provision for credit losses, net of recoveries | 13.7 | — | — |
| Impairment of long-lived assets and goodwill | 52.6 | 74.5 | — |
| Deferred tax expense (benefit) | (14.1) | (10.7) | 0.1 |
| Other non-cash items, net | 1.2 | (0.1) | — |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 26.9 | 55.5 | 204.8 |
| Inventories | 38.8 | 64.7 | 19.1 |
| Prepaid expenses and other assets | 6.9 | (1.9) | 26.5 |
| Accounts payable | (22.4) | (7.6) | (68.2) |
| Accrued expenses | 2.7 | (1.3) | (43.8) |
| Other liabilities | (16.2) | (20.9) | (8.4) |
| Net cash provided by operating activities | 189.5 | 367.3 | 553.5 |
| Cash flows from investing activities: | |||
| Acquisitions, net of cash acquired | — | (194.4) | (454.5) |
| Investment in property, plant & equipment | (169.9) | (255.0) | (267.0) |
| Proceeds from sale of assets | 5.8 | 72.9 | 6.2 |
| Proceeds from insurance recoveries | — | 6.2 | — |
| Other | 0.4 | (2.0) | (0.5) |
| Net cash used in investing activities | (163.7) | (372.3) | (715.8) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of long-term debt | 118.5 | 136.7 | 1,220.0 |
| Repayments of long-term debt | (136.1) | (157.2) | (946.7) |
| Borrowings from revolving credit agreements | 1,755.9 | 1,938.2 | 1,575.8 |
| Repayments of revolving credit agreements | (1,830.5) | (1,918.1) | (1,685.2) |
| Payment of debt issuance costs | (1.8) | (3.6) | (62.3) |
| Cash settlement of vested stock awards | (1.2) | — | — |
| Tax withholding related to net share settlement of noncontrolling interest equity awards | (1.6) | (1.5) | (0.8) |
| Proceeds from issuance of Series A preferred stock | — | — | 50.0 |
| Payment of Series A preferred stock issuance costs | — | — | (1.1) |
| Proceeds from issuance of common stock | 83.0 | — | — |
| Payment of common stock issuance costs | (3.4) | — | — |
| Other | (0.5) | — | — |
| Net cash provided by (used in) financing activities | (17.7) | (5.5) | 149.7 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 8.1 | (10.5) | (12.6) |
| Cash, cash equivalents, and restricted cash beginning of period | 14.8 | 25.3 | 37.9 |
| Cash, cash equivalents, and restricted cash end of period | $22.9 | $14.8 | $25.3 |
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Non-cash investing and financing activities | |||
| Capital expenditures included in accounts payable | $8.6 | $32.4 | $44.9 |
| Supplemental cash flow information | |||
| Cash payments for interest | $125.5 | $137.8 | $139.1 |
| Cash payments for income taxes | $2.1 | $3.0 | $0.3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.