ProFrac Holding Corp
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
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
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 (loss) | — | — | — | (215.1) | — | 7.3 | (207.8) |
| Stock-based compensation | — | — | 6.5 | — | — | 0.8 | 7.3 |
| Class A shares issued for vested stock awards | 0.8 | — | — | — | — | — | — |
| Tax withholding related to net share settlement of equity awards | (0.2) | — | (1.5) | — | — | — | (1.5) |
| Foreign currency translation adjustments | — | — | — | — | (0.2) | 0.2 | — |
| Share issuance | 0.2 | — | — | — | — | — | — |
| Noncontrolling interest of acquired business | — | — | — | — | — | 2.2 | 2.2 |
| Deemed contribution | — | — | 26.5 | — | — | — | 26.5 |
| Adjustment to additional paid-in capital related to tax receivable agreement | — | — | (14.9) | — | — | — | (14.9) |
| Other | — | — | (0.8) | — | — | — | (0.8) |
| Adjustment of convertible preferred stock to redemption amount | — | — | — | (4.8) | — | — | (4.8) |
| Balance, December 31, 2024 | 160.2 | $1.5 | $1,241.2 | $(235.9) | $0.1 | $69.2 | $1,076.1 |
| Class A Common Stock · Class B Common Stock · AdditionalPaid-in · (Accumulated Deficit) Retained · AccumulatedOtherComprehensive · Noncontrolling · Total Stockholders' (Deficit) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Earnings | Income | 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 loss | — | — | — | — | — | (97.7) | — | (3.3) | (101.0) |
| Stock-based compensation | — | — | — | — | 7.8 | — | — | 0.3 | 8.1 |
| Stock-based compensation related to deemed contribution | — | — | — | — | 12.4 | — | — | — | 12.4 |
| Flotek common stock issued to satisfy convertible notes held by third parties | — | — | — | — | — | — | — | 12.7 | 12.7 |
| Adjustment of redeemable noncontrolling interest to redemption amount | — | — | — | — | (67.1) | 1,277.4 | — | — | 1,210.3 |
| Conversion of Class B shares to Class A shares | 104.2 | 1.0 | (104.2) | (1.0) | 1,313.3 | — | — | — | 1,313.3 |
| Foreign currency translation adjustments | — | — | — | — | — | — | 0.3 | (0.1) | 0.2 |
| Class A shares issued for vested stock awards | 0.6 | — | — | — | — | — | — | — | — |
| Tax withholding related to net share settlement of equity awards | — | — | — | — | (0.8) | — | — | — | (0.8) |
| Additional paid-in capital related to tax receivable agreement | — | — | — | — | (67.6) | — | — | — | (67.6) |
| Change in equity ownership of Flotek | — | — | — | — | 23.1 | — | — | (23.1) | — |
| Adjustment of convertible preferred stock to redemption amount | — | — | — | — | — | (9.8) | — | — | (9.8) |
| Change in accrued distribution related to income taxes | — | — | — | — | (5.3) | — | — | — | (5.3) |
| Balance, December 31, 2023 | 159.4 | $1.5 | $— | $— | $1,225.4 | $(16.0) | $0.3 | $58.7 | $1,269.9 |
| Members' · Class A Common Stock · Class B Common Stock · AdditionalPaid-in · (Accumulated Deficit) Retained · AccumulatedOtherComprehensive · Noncontrolling · Total Stockholders' (Deficit) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Equity | Shares | Amount | Shares | Amount | Capital | Earnings | Income (loss) | Interests | Equity | |
| Balance, December 31, 2021 | $147.0 | — | $— | — | $— | $— | $— | $0.1 | $1.0 | 148.1 |
| Net income (loss) | 73.6 | — | — | — | — | — | 91.5 | — | (28.4) | 136.7 |
| Member contribution | 5.0 | — | — | — | — | — | — | — | — | 5.0 |
| Deemed distribution | (3.7) | — | — | — | — | — | — | — | — | (3.7) |
| THRC related equity | 72.9 | — | — | — | — | — | — | — | — | 72.9 |
| Issuance of Class A shares in IPO | — | 18.2 | 0.2 | — | — | 227.5 | — | — | — | 227.7 |
| Issuance of Class B shares at par value for cash | — | — | — | 101.1 | 1.0 | — | — | — | — | 1.0 |
| Effect of corporate reorganization and reclassification to redeemable noncontrolling interest | (294.8) | 20.9 | 0.2 | — | — | (82.9) | — | — | — | (377.5) |
| Adjustment of redeemable noncontrolling interest to redemption amount at inception | — | — | — | — | — | (146.4) | (1,291.9) | — | — | (1,438.3) |
| Class A shares issued to settle asset purchase | — | 2.1 | — | — | — | 16.7 | — | — | — | 16.7 |
| Noncontrolling interest of consolidated business | — | — | — | — | — | — | — | — | 99.0 | 99.0 |
| Purchase of noncontrolling interest | — | — | — | — | — | — | — | — | (1.7) | (1.7) |
| Class A shares issued to acquire USWS | — | 12.9 | 0.1 | — | — | 134.6 | — | — | — | 134.7 |
| Class A shares issued for vested stock awards | — | — | — | — | — | 0.1 | — | — | — | 0.1 |
| Tax withholding related to net share settlement of equity awards | — | (0.2) | — | — | — | (2.0) | — | — | — | (2.0) |
| Class B shares issued to acquire REV | — | — | — | 3.1 | — | 20.4 | — | — | — | 20.4 |
| Additional paid-in capital related to tax receivable agreement | — | — | — | — | — | 0.6 | — | — | — | 0.6 |
| Stock-based compensation | — | — | — | — | — | 1.9 | — | — | 2.2 | 4.1 |
| Stock-based compensation related to deemed contribution | — | — | — | — | — | 17.7 | — | — | — | 17.7 |
| Foreign currency translation adjustments | — | — | — | — | — | — | — | (0.1) | 0.1 | — |
| Other | — | — | — | — | — | 0.1 | — | — | — | 0.1 |
| Adjustment of redeemable noncontrolling interest to redemption amount | — | — | — | — | — | (188.3) | 14.5 | — | — | (173.8) |
| Balance, December 31, 2022 | $— | 53.9 | $0.5 | $104.2 | $1.0 | $— | $(1,185.9) | $— | $72.2 | $(1,112.2) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.