ProFrac Holding Corp
For the period ended Sep 30, 2024. Filed Nov 6, 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 Nov 6, 2024
ACDC$3.42+13.8%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 millions, except per share amounts or where otherwise noted)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $25.5 | $25.3 |
| Accounts receivable, net | 358.2 | 346.1 |
| Accounts receivable — related party, net | 12.8 | 6.8 |
| Inventories | 239.0 | 236.6 |
| Prepaid expenses and other current assets | 44.5 | 23.3 |
| Total current assets | 680.0 | 638.1 |
| Property, plant, and equipment (net of accumulated depreciation of $1,263.2 and $1,010.2, respectively) | 1,825.3 | 1,779.0 |
| Operating lease right-of-use assets, net | 127.1 | 87.2 |
| Goodwill | 302.1 | 325.9 |
| Intangible assets, net | 158.1 | 173.5 |
| Investments ($23.4 at fair value at December 31, 2023) | 7.5 | 28.9 |
| Deferred tax assets | 0.1 | 0.3 |
| Other assets | 35.6 | 37.8 |
| Total assets | $3,135.8 | $3,070.7 |
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $356.3 | $319.0 |
| Accounts payable — related party | 22.4 | 21.9 |
| Accrued expenses | 75.5 | 65.6 |
| Current portion of long-term debt | 171.9 | 126.4 |
| Current portion of operating lease liabilities | 19.5 | 24.5 |
| Other current liabilities | 62.2 | 84.1 |
| Other current liabilities — related party | 6.7 | 7.4 |
| Total current liabilities | 714.5 | 648.9 |
| Long-term debt | 986.7 | 923.5 |
| Long-term debt — related party | 14.6 | 18.6 |
| Operating lease liabilities | 113.4 | 67.8 |
| Tax receivable agreement liability | 68.1 | 68.1 |
| Other liabilities | 9.0 | 15.2 |
| Total liabilities | 1,906.3 | 1,742.1 |
| Commitments and contingencies (NOTE 9) | ||
| Mezzanine equity: | ||
| Series A redeemable convertible preferred stock, $0.01 par value, 50 thousand shares authorized, issued and outstanding | 62.3 | 58.7 |
| Stockholders' equity: | ||
| Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding | — | — |
| Class A common stock, $0.01 par value, 600.0 shares authorized, 160.2 and 159.4 shares issued and outstanding, respectively | 1.5 | 1.5 |
| Class B common stock, $0.01 par value, 400.0 shares authorized, no shares issued and outstanding | — | — |
| Additional paid-in capital | 1,229.5 | 1,225.4 |
| Accumulated deficit | (129.7) | (16.0) |
| Accumulated other comprehensive income | 0.3 | 0.3 |
| Total stockholders' equity attributable to ProFrac Holding Corp. | 1,101.6 | 1,211.2 |
| Noncontrolling interests | 65.6 | 58.7 |
| Total stockholders' equity | 1,167.2 | 1,269.9 |
| Total liabilities, mezzanine equity, and stockholders' equity | $3,135.8 | $3,070.7 |
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