Liberty Energy Inc
For the period ended Sep 30, 2024. Filed Oct 17, 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.
Sep 30, 2024 · Filed Oct 17, 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
(Dollars in thousands, except share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $23,012 | $36,784 |
| Accounts receivable—trade, net of allowances for credit losses of $939 and $939, respectively | 411,009 | 381,185 |
| Accounts receivable—related party | — | 17,345 |
| Unbilled revenue (including amounts from related parties of $4,035 and $13,379, respectively) | 183,047 | 188,940 |
| Inventories | 197,563 | 205,865 |
| Prepaid and other current assets | 107,889 | 124,135 |
| Total current assets | 922,520 | 954,254 |
| Property and equipment, net | 1,834,214 | 1,645,368 |
| Finance lease right-of-use assets | 276,416 | 182,319 |
| Operating lease right-of-use assets | 81,341 | 92,640 |
| Other assets (including amounts from related parties of $0 and $14,785, respectively) | 123,636 | 138,693 |
| Investment in Oklo Inc. | 16,605 | 10,000 |
| Investment in Tamboran Resources Corporation | 18,152 | 10,283 |
| Total assets | $3,272,884 | $3,033,557 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable | $347,074 | $293,733 |
| Accrued liabilities | 240,641 | 261,066 |
| Income taxes payable | 30,360 | 12,060 |
| Current portion of payable pursuant to tax receivable agreements | 37,444 | 5,170 |
| Current portion of finance lease liabilities | 64,114 | 39,867 |
| Current portion of operating lease liabilities | 28,938 | 27,528 |
| Total current liabilities | 748,571 | 639,424 |
| Long-term debt | 123,000 | 140,000 |
| Deferred tax liability | 102,287 | 102,340 |
| Payable pursuant to tax receivable agreements | 75,008 | 112,471 |
| Noncurrent portion of finance lease liabilities | 203,247 | 133,654 |
| Noncurrent portion of operating lease liabilities | 51,773 | 64,260 |
| Total liabilities | 1,303,886 | 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 163,393,279 issued and outstanding as of September 30, 2024 and 166,610,199 issued and outstanding as of December 31, 2023 | 1,634 | 1,666 |
| Class B, $0.01 par value, 400,000,000 shares authorized and none issued and outstanding | — | — |
| Additional paid in capital | 996,336 | 1,093,498 |
| Retained earnings | 980,914 | 752,328 |
| Accumulated other comprehensive loss | (9,886) | (6,084) |
| Total stockholders’ equity | 1,968,998 | 1,841,408 |
| Total liabilities and equity | $3,272,884 | $3,033,557 |
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