ProFrac Holding Corp
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
View on SEC.govAbout this filing
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$3.42+13.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Changes in Equity
| Class A Common Stock · AdditionalPaid-in · Accumulated · AccumulatedOtherComprehensive · Noncontrolling · Total Stockholders' | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Capital · Deficit · Income · Interests · Equity | ||||||||||||
| Balance, December 31, 2023 | 159.4 | $1.5 | $1,225.4 | $(16.0) | $0.3 | $58.7 | $1,269.9 | |||||
| Net income | — | — | — | 1.8 | — | 1.2 | 3.0 | |||||
| Stock-based compensation | — | — | 1.9 | — | — | 0.2 | 2.1 | |||||
| Tax withholding related to net share settlement of equity awards | — | — | (0.1) | — | — | — | (0.1) | |||||
| Share issuance | 0.2 | — | — | — | — | — | — | |||||
| Adjustment of Series A redeemable convertible preferred stock to redemption amount | — | — | — | (1.2) | — | — | (1.2) | |||||
| Balance, March 31, 2024 | 159.6 | $1.5 | $1,227.2 | $(15.4) | $0.3 | $60.1 | $1,273.7 | |||||
| Net income (loss) | — | — | — | (66.7) | — | 1.1 | (65.6) | |||||
| Stock-based compensation | — | 2.8 | — | — | 0.1 | 2.9 | ||||||
| Class A shares issued for vested stock awards | 0.8 | — | — | — | — | — | — | |||||
| Tax withholding related to net share settlement of equity awards | (0.2) | — | (1.4) | — | — | — | (1.4) | |||||
| Foreign currency translation adjustments | — | — | — | — | (0.1) | 0.5 | 0.4 | |||||
| Adjustment of Series A redeemable convertible preferred stock to redemption amount | — | — | — | (1.2) | — | — | (1.2) | |||||
| Noncontrolling interest of acquired business | — | — | — | — | — | 2.2 | 2.2 | |||||
| Balance, June 30, 2024 | 160.2 | $1.5 | $1,228.6 | $(83.3) | $0.2 | $64.0 | $1,211.0 | |||||
Condensed Consolidated Statements of Changes in Equity (continued)
| Class A Common Stock · Class B Common Stock · AdditionalPaid-in · (Accumulated Deficit) Retained · AccumulatedOtherComprehensive · Noncontrolling · Total Stockholders' (Deficit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Capital · Earnings · Loss · Interests · Equity | ||||||||||||
| Balance, December 31, 2022 | 53.9 | $0.5 | 104.2 | $1.0 | $— | $(1,185.9) | $— | $72.2 | (1,112.2) | |||
| Class A shares issued to acquire Producers | 0.4 | — | — | — | 6.2 | — | — | — | 6.2 | |||
| Class A shares issued to acquire Performance Proppants | 0.3 | — | — | — | 3.4 | — | — | — | 3.4 | |||
| Net income (loss) | — | — | — | — | — | 22.0 | — | (4.2) | 17.8 | |||
| Stock-based compensation | — | — | — | — | 0.9 | — | — | 0.1 | 1.0 | |||
| Stock-based compensation related to deemed contribution | — | — | — | — | 3.5 | — | — | — | 3.5 | |||
| Conversion of Flotek notes to equity | — | — | — | — | — | — | — | 12.7 | 12.7 | |||
| Foreign currency translation adjustments | — | — | — | — | — | — | 0.1 | 0.1 | 0.2 | |||
| Adjustment of redeemable noncontrolling interest to redemption amount | — | — | — | — | (9.2) | 1,277.4 | — | — | 1,268.2 | |||
| Balance, March 31, 2023 | 54.6 | $0.5 | 104.2 | $1.0 | $4.8 | $113.5 | $0.1 | $80.9 | $200.8 | |||
| Stock-based compensation | — | — | — | — | 2.7 | — | — | (0.4) | 2.3 | |||
| Stock-based compensation related to deemed contribution | — | — | — | — | 6.8 | — | — | — | 6.8 | |||
| Class A shares issued for vested equity awards | 0.6 | — | — | |||||||||
| Tax withholding related to net share settlement of equity awards | — | — | — | — | (0.8) | — | — | — | (0.8) | |||
| Net loss | — | — | — | — | — | (2.9) | (1.5) | (4.4) | ||||
| Foreign currency translation | — | — | — | — | — | — | (0.3) | (0.1) | (0.4) | |||
| Flotek common stock issued to satisfy convertible notes held by ProFrac Holdings Corp. | — | — | — | — | 14.3 | — | — | (14.3) | — | |||
| Adjustment of redeemable noncontrolling interest to redemption amount | — | — | — | — | (57.9) | — | — | — | (57.9) | |||
| Conversion of Class B common stock to Class A common stock | 104.2 | 1.0 | (104.2) | (1.0) | 1,313.3 | — | — | — | 1,313.3 | |||
| Additional paid-in capital related to tax receivable agreement | — | — | — | — | (58.6) | — | — | — | (58.6) | |||
| Deferred taxes related to conversion of Class B common stock to Class A common stock | — | — | — | — | (9.5) | — | — | (9.5) | ||||
| Balance, June 30, 2023 | 159.4 | $1.5 | — | $— | $1,215.1 | $110.6 | $(0.2) | $64.6 | $1,391.6 | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.