10-K/A Filing

ProFrac Holding Corp. CIK: 1881487 FY 2023

Filing Information

Form Type	10-K/A
Accession Number	`0000950170-24-044411`
Period End Date	20231231
Filing Date	20240415
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	acdc-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 52 Cash Flow Statement 60

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Income tax receivable	`IncomeTaxesReceivable`	$400.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$400.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.00M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$400.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$400.00K	USD	Point-in-time
Investment in subsidiaries	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.28B	USD	Point-in-time
Investment in subsidiaries	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.28B	USD	Point-in-time
Investment in subsidiaries	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.34B	USD	Point-in-time
Investment in subsidiaries	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.34B	USD	Point-in-time
Preferred shares, par value	`PreferredStockNoParValue`	$0.01	USD	Point-in-time
Preferred shares, par value	`PreferredStockNoParValue`	$0.01	USD	Point-in-time
Total assets	`Assets`	$1.34B	USD	Point-in-time
Total assets	`Assets`	$1.34B	USD	Point-in-time
Total assets	`Assets`	$1.28B	USD	Point-in-time
Total assets	`Assets`	$1.28B	USD	Point-in-time
Preferred shares, par value	`PreferredStockNoParValue`	$0.01	USD	Point-in-time
Preferred shares, par value	`PreferredStockNoParValue`	$0.01	USD	Point-in-time
Preferred shares, authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred shares, authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred shares, authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred shares, authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred shares, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred shares, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred shares, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred shares, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred shares, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred shares, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$100.00K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$100.00K	USD	Point-in-time
Preferred shares, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred shares, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Current portion of tax receivable agreement liability	`TaxReceivableAgreementLiabilityCurrent`	$2.80M	USD	Point-in-time
Current portion of tax receivable agreement liability	`TaxReceivableAgreementLiabilityCurrent`	$2.80M	USD	Point-in-time
Current portion of tax receivable agreement liability	`TaxReceivableAgreementLiabilityCurrent`	$3.30M	USD	Point-in-time
Current portion of tax receivable agreement liability	`TaxReceivableAgreementLiabilityCurrent`	$3.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.80M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$68.10M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$68.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$70.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$70.90M	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A preferred stock, $0.01 par value, 50 thousand shares authorized, 50 thousand and zero shares issued and outstanding, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$58.70M	USD	Point-in-time
Series A preferred stock, $0.01 par value, 50 thousand shares authorized, 50 thousand and zero shares issued and outstanding, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$58.70M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$2.46B	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$2.46B	USD	Point-in-time
Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.23B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.23B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.19B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.19B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLoss`	$-300.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLoss`	$-300.00K	USD	Point-in-time
Total stockholders' equity (deficit) attributable to ProFrac Holding Corp.	`StockholdersEquity`	$-1.18B	USD	Point-in-time
Total stockholders' equity (deficit) attributable to ProFrac Holding Corp.	`StockholdersEquity`	$-1.18B	USD	Point-in-time
Total stockholders' equity (deficit) attributable to ProFrac Holding Corp.	`StockholdersEquity`	$1.21B	USD	Point-in-time
Total stockholders' equity (deficit) attributable to ProFrac Holding Corp.	`StockholdersEquity`	$1.21B	USD	Point-in-time
Total liabilities, temporary equity, and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.28B	USD	Point-in-time
Total liabilities, temporary equity, and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.28B	USD	Point-in-time
Total liabilities, temporary equity, and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.34B	USD	Point-in-time
Total liabilities, temporary equity, and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.34B	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-1.00M	USD	Annual
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-1.00M	USD	Annual
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$5.30M	USD	Annual
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$5.30M	USD	Annual
Income (loss) before equity in income (loss) of subsidiaries	`IncomeLossBeforeEquityInIncomeLossOfSubsidiary`	$1.00M	USD	Annual
Income (loss) before equity in income (loss) of subsidiaries	`IncomeLossBeforeEquityInIncomeLossOfSubsidiary`	$1.00M	USD	Annual
Income (loss) before equity in income (loss) of subsidiaries	`IncomeLossBeforeEquityInIncomeLossOfSubsidiary`	$-5.30M	USD	Annual
Income (loss) before equity in income (loss) of subsidiaries	`IncomeLossBeforeEquityInIncomeLossOfSubsidiary`	$-5.30M	USD	Annual
Equity in income (loss) of subsidiaries, net of tax	`EquityInIncomeLossOfSubsidiaryNetOfTax`	$-56.90M	USD	Annual
Equity in income (loss) of subsidiaries, net of tax	`EquityInIncomeLossOfSubsidiaryNetOfTax`	$-56.90M	USD	Annual
Equity in income (loss) of subsidiaries, net of tax	`EquityInIncomeLossOfSubsidiaryNetOfTax`	$376.40M	USD	Annual
Equity in income (loss) of subsidiaries, net of tax	`EquityInIncomeLossOfSubsidiaryNetOfTax`	$376.40M	USD	Annual
Equity in income (loss) of subsidiaries, net of tax	`EquityInIncomeLossOfSubsidiaryNetOfTax`	$-42.40M	USD	Annual
Equity in income (loss) of subsidiaries, net of tax	`EquityInIncomeLossOfSubsidiaryNetOfTax`	$-42.40M	USD	Annual
Net (loss) income	`ProfitLoss`	$-42.40M	USD	Annual
Net (loss) income	`ProfitLoss`	$-42.40M	USD	Annual
Net (loss) income	`ProfitLoss`	$371.10M	USD	Annual
Net (loss) income	`ProfitLoss`	$371.10M	USD	Annual
Net (loss) income	`ProfitLoss`	$-55.90M	USD	Annual
Net (loss) income	`ProfitLoss`	$-55.90M	USD	Annual
Less: net (income) loss attributable to ProFrac Predecessor	`NetIncomeLossAttributableToPredecessor`	$73.60M	USD	Annual
Less: net (income) loss attributable to ProFrac Predecessor	`NetIncomeLossAttributableToPredecessor`	$73.60M	USD	Annual
Less: net (income) loss attributable to ProFrac Predecessor	`NetIncomeLossAttributableToPredecessor`	$-42.40M	USD	Annual
Less: net (income) loss attributable to ProFrac Predecessor	`NetIncomeLossAttributableToPredecessor`	$-42.40M	USD	Annual
Less: net income attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$41.80M	USD	Annual
Less: net income attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$41.80M	USD	Annual
Less: net income attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$206.00M	USD	Annual
Less: net income attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$206.00M	USD	Annual
Net income (loss) attributable to ProFrac Holding Corp.	`NetIncomeLoss`	$91.50M	USD	Annual
Net income (loss) attributable to ProFrac Holding Corp.	`NetIncomeLoss`	$91.50M	USD	Annual
Net income (loss) attributable to ProFrac Holding Corp.	`NetIncomeLoss`	$-97.70M	USD	Annual
Net income (loss) attributable to ProFrac Holding Corp.	`NetIncomeLoss`	$-97.70M	USD	Annual
Net income (loss) attributable to Class A common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$91.50M	USD	Annual
Net income (loss) attributable to Class A common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$91.50M	USD	Annual
Net income (loss) attributable to Class A common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-107.50M	USD	Annual
Net income (loss) attributable to Class A common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-107.50M	USD	Annual
Basic (Loss) earnings per Class A share	`EarningsPerShareBasic`	$2.06	USD	Annual
Basic (Loss) earnings per Class A share	`EarningsPerShareBasic`	$2.06	USD	Annual
Basic (Loss) earnings per Class A share	`EarningsPerShareBasic`	$-0.82	USD	Annual
Basic (Loss) earnings per Class A share	`EarningsPerShareBasic`	$-0.82	USD	Annual
Diluted (Loss) earnings per Class A share	`EarningsPerShareDiluted`	$2.06	USD	Annual
Diluted (Loss) earnings per Class A share	`EarningsPerShareDiluted`	$2.06	USD	Annual
Diluted (Loss) earnings per Class A share	`EarningsPerShareDiluted`	$-0.82	USD	Annual
Diluted (Loss) earnings per Class A share	`EarningsPerShareDiluted`	$-0.82	USD	Annual
Weighted average Class A common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44.30M	shares	Annual
Weighted average Class A common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44.30M	shares	Annual
Weighted average Class A common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	130.90M	shares	Annual
Weighted average Class A common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	130.90M	shares	Annual
Weighted average Class A common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.50M	shares	Annual
Weighted average Class A common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.50M	shares	Annual
Weighted average Class A common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	130.90M	shares	Annual
Weighted average Class A common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	130.90M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-42.40M	USD	Annual
Net income (loss)	`ProfitLoss`	$-42.40M	USD	Annual
Net income (loss)	`ProfitLoss`	$371.10M	USD	Annual
Net income (loss)	`ProfitLoss`	$371.10M	USD	Annual
Net income (loss)	`ProfitLoss`	$-55.90M	USD	Annual
Net income (loss)	`ProfitLoss`	$-55.90M	USD	Annual
Equity in loss (income) of subsidiaries, net of tax	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-42.40M	USD	Annual
Equity in loss (income) of subsidiaries, net of tax	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-42.40M	USD	Annual
Equity in loss (income) of subsidiaries, net of tax	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-56.90M	USD	Annual
Equity in loss (income) of subsidiaries, net of tax	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-56.90M	USD	Annual
Equity in loss (income) of subsidiaries, net of tax	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$376.40M	USD	Annual
Equity in loss (income) of subsidiaries, net of tax	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$376.40M	USD	Annual
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$3.90M	USD	Annual
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$3.90M	USD	Annual
Distributions received from ProFrac Holdings, LLC	`DistributionsReceivedFromSubsidiary`	$4.30M	USD	Annual
Distributions received from ProFrac Holdings, LLC	`DistributionsReceivedFromSubsidiary`	$4.30M	USD	Annual
Distributions received from ProFrac Holdings, LLC	`DistributionsReceivedFromSubsidiary`	$700.00K	USD	Annual
Distributions received from ProFrac Holdings, LLC	`DistributionsReceivedFromSubsidiary`	$700.00K	USD	Annual
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$3.00M	USD	Annual
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$3.00M	USD	Annual
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-2.70M	USD	Annual
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-2.70M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-100.00K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-100.00K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$100.00K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$100.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.30M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.30M	USD	Annual
Contributions to ProFrac Holdings, LLC	`ContributionsToSubsidiary`	$228.80M	USD	Annual
Contributions to ProFrac Holdings, LLC	`ContributionsToSubsidiary`	$228.80M	USD	Annual
Contributions to ProFrac Holdings, LLC	`ContributionsToSubsidiary`	$53.20M	USD	Annual
Contributions to ProFrac Holdings, LLC	`ContributionsToSubsidiary`	$53.20M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-53.20M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-53.20M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-228.80M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-228.80M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$329.10M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$329.10M	USD	Annual
Payment of stock issuance costs	`PaymentsOfStockIssuanceCosts`	$27.40M	USD	Annual
Payment of stock issuance costs	`PaymentsOfStockIssuanceCosts`	$27.40M	USD	Annual
Payment of THRC related equity	`PaymentOfTHRCRelatedEquity`	$72.90M	USD	Annual
Payment of THRC related equity	`PaymentOfTHRCRelatedEquity`	$72.90M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$228.80M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$228.80M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$48.90M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$48.90M	USD	Annual
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	-	USD	Annual
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	-	USD	Annual
Cash, cash equivalents, and restricted cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, cash equivalents, and restricted cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, cash equivalents, and restricted cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, cash equivalents, and restricted cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash payments (refunds received) for income taxes, net	`IncomeTaxesPaidNet`	$-3.60M	USD	Annual
Cash payments (refunds received) for income taxes, net	`IncomeTaxesPaidNet`	$-3.60M	USD	Annual
Cash payments (refunds received) for income taxes, net	`IncomeTaxesPaidNet`	$4.30M	USD	Annual
Cash payments (refunds received) for income taxes, net	`IncomeTaxesPaidNet`	$4.30M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.