ProFrac Holding Corp

For the period ended Dec 31, 2024. Filed Mar 10, 2025.

About 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.

FY2024 · Filed Mar 10, 2025

ACDC$3.42+13.8%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

(in millions, except per share amounts or where otherwise noted)

	December 31,
	2024	2023
ASSETS
Current assets:
Cash and cash equivalents	$14.8	$25.3
Accounts receivable, net	312.7	346.1
Accounts receivable — related party, net	16.1	6.8
Inventories	201.1	236.6
Prepaid expenses and other current assets	29.4	23.3
Total current assets	574.1	638.1
Property, plant, and equipment (net of accumulated depreciation of $1,312.4 and $1,010.2, respectively)	1,761.2	1,779.0
Operating lease right-of-use assets, net	158.6	87.2
Goodwill	302.0	325.9
Intangible assets, net	148.9	173.5
Investments ($23.4 at fair value at December 31, 2023)	7.5	28.9
Deferred tax assets	—	0.3
Other assets	35.8	37.8
Total assets	$2,988.1	$3,070.7
LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$324.3	$319.0
Accounts payable — related party	18.1	21.9
Accrued expenses	67.2	65.6
Current portion of long-term debt	164.6	126.4
Current portion of operating lease liabilities	26.0	24.5
Other current liabilities	56.6	84.1
Other current liabilities — related party	3.2	7.4
Total current liabilities	660.0	648.9
Long-term debt	931.1	923.5
Long-term debt — related party	13.3	18.6
Operating lease liabilities	137.1	67.8
Deferred tax liabilities	14.9	—
Tax receivable agreement liability	82.9	68.1
Other liabilities	9.2	15.2
Total liabilities	1,848.5	1,742.1
Commitments and contingencies (NOTE 14)
Mezzanine equity:
Series A redeemable convertible preferred stock, $0.01 par value, 50 thousand shares authorized, issued and outstanding	63.5	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	1,241.2	1,225.4
Accumulated deficit	(235.9)	(16.0)
Accumulated other comprehensive income	0.1	0.3
Total stockholders' equity attributable to ProFrac Holding Corp.	1,006.9	1,211.2
Noncontrolling interests	69.2	58.7
Total stockholders' equity	1,076.1	1,269.9
Total liabilities, mezzanine equity, and stockholders' equity	$2,988.1	$3,070.7

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.