ProFrac Holding Corp
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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.
Mar 31, 2025 · Filed May 7, 2025
ACDC$3.53+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(15.4) | $3.0 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 106.0 | 112.8 |
| Amortization of acquired unfavorable contracts | (5.7) | (16.5) |
| Stock-based compensation | 1.1 | 2.1 |
| Loss (gain) on disposal of assets, net | 3.4 | (1.4) |
| Non-cash loss on extinguishment of debt | — | 0.8 |
| Amortization of debt issuance costs | 3.0 | 3.2 |
| Unrealized gain on investments, net | (3.7) | (1.2) |
| Deferred tax expense | — | 0.2 |
| Other non-cash items, net | 0.2 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (94.5) | (41.2) |
| Inventories | 1.0 | 16.6 |
| Prepaid expenses and other assets | (2.4) | 1.4 |
| Accounts payable | 49.2 | (20.3) |
| Accrued expenses | 7.8 | 23.3 |
| Other liabilities | (11.3) | (3.7) |
| Net cash provided by operating activities | 38.7 | 79.1 |
| Cash flows from investing activities: | ||
| Investment in property, plant & equipment | (52.5) | (59.9) |
| Proceeds from sale of assets | 0.2 | 6.6 |
| Other | 0.6 | — |
| Net cash used in investing activities | (51.7) | (53.3) |
| Cash flows from financing activities: | ||
| Repayments of long-term debt | (42.5) | (37.5) |
| Borrowings from revolving credit agreements | 419.1 | 501.1 |
| Repayments of revolving credit agreements | (361.1) | (485.2) |
| Payment of debt issuance costs | — | (1.1) |
| Cash settlement of vested stock awards | (1.0) | — |
| Tax withholding related to net share settlement of equity awards | — | (0.1) |
| Purchase of noncontrolling interest | (0.3) | — |
| Net cash provided by (used in) financing activities | 14.2 | (22.8) |
| Net increase in cash, cash equivalents, and restricted cash | 1.2 | 3.0 |
| Cash, cash equivalents, and restricted cash beginning of period | 14.8 | 25.3 |
| Cash, cash equivalents, and restricted cash end of period | $16.0 | $28.3 |
| Non-cash investing and financing activities | ||
| Capital expenditures included in accounts payable | $32.8 | $22.6 |
| Operating lease liabilities incurred from obtaining right-of-use assets | $0.2 | $5.7 |
Notes to Unaudited Condensed Consolidated Financial Statements
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