Liberty Energy Inc
For the period ended Mar 31, 2024. Filed Apr 18, 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.
Mar 31, 2024 · Filed Apr 18, 2024
LBRT$12.93+8.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except share data)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $23,788 | $36,784 |
| Accounts receivable, net of allowances for credit losses of $939 and $939, respectively | 429,819 | 381,185 |
| Accounts receivable—related party | — | 17,345 |
| Unbilled revenue (including amounts from related parties of $51 and $13,379, respectively) | 219,389 | 188,940 |
| Inventories | 210,060 | 205,865 |
| Prepaid and other current assets | 94,952 | 124,135 |
| Total current assets | 978,008 | 954,254 |
| Property and equipment, net | 1,694,232 | 1,645,368 |
| Finance lease right-of-use assets | 195,955 | 182,319 |
| Operating lease right-of-use assets | 88,485 | 92,640 |
| Other assets (including amounts from related parties of $0 and $14,785, respectively) | 140,939 | 158,976 |
| Total assets | $3,097,619 | $3,033,557 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable | $315,998 | $293,733 |
| Accrued liabilities | 234,895 | 261,066 |
| Income taxes payable | — | 12,060 |
| Current portion of payable pursuant to tax receivable agreements | 37,444 | 5,170 |
| Current portion of finance lease liabilities | 46,146 | 39,867 |
| Current portion of operating lease liabilities | 27,882 | 27,528 |
| Total current liabilities | 662,365 | 639,424 |
| Long-term debt | 166,000 | 140,000 |
| Deferred tax liability | 102,340 | 102,340 |
| Payable pursuant to tax receivable agreements | 75,027 | 112,471 |
| Noncurrent portion of finance lease liabilities | 147,578 | 133,654 |
| Noncurrent portion of operating lease liabilities | 59,825 | 64,260 |
| Total liabilities | 1,213,135 | 1,192,149 |
| Commitments & contingencies (Note 14) | ||
| Stockholders’ equity: | ||
| Preferred Stock, $0.01 par value, 10,000 shares authorized and none issued and outstanding | — | — |
| Common Stock: | ||
| Class A, $0.01 par value, 400,000,000 shares authorized and 165,201,928 issued and outstanding as of March 31, 2024 and 166,610,199 issued and outstanding as of December 31, 2023 | 1,652 | 1,666 |
| Class B, $0.01 par value, 400,000,000 shares authorized and none issued and outstanding | — | — |
| Additional paid in capital | 1,070,383 | 1,093,498 |
| Retained earnings | 822,256 | 752,328 |
| Accumulated other comprehensive loss | (9,807) | (6,084) |
| Total stockholders’ equity | 1,884,484 | 1,841,408 |
| Total liabilities and equity | $3,097,619 | $3,033,557 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.