10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-22-024201 |
| Period End Date | 20220331 |
| Filing Date | 20220624 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | pfhc-10q_20220331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
63 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.38M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$28.65M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$161.63M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$298.87M | USD | Point-in-time |
| Accounts receivablerelated party |
AccountsReceivableRelatedPartiesCurrent
|
$4.51M | USD | Point-in-time |
| Accounts receivablerelated party |
AccountsReceivableRelatedPartiesCurrent
|
$3.40M | USD | Point-in-time |
| Prepaid expenses, and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$18.73M | USD | Point-in-time |
| Prepaid expenses, and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$6.21M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$73.94M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$139.14M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$251.68M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$488.79M | USD | Point-in-time |
| Property, plant, and equipment |
PropertyPlantAndEquipmentIncludingConstructionInProgress
|
$827.87M | USD | Point-in-time |
| Property, plant, and equipment |
PropertyPlantAndEquipmentIncludingConstructionInProgress
|
$1.13B | USD | Point-in-time |
| Accumulated depreciation and depletion |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$464.18M | USD | Point-in-time |
| Accumulated depreciation and depletion |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$506.83M | USD | Point-in-time |
| Property, plant, and equipment, net |
PropertyPlantAndEquipmentNet
|
$619.77M | USD | Point-in-time |
| Property, plant, and equipment, net |
PropertyPlantAndEquipmentNet
|
$363.69M | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$35.80M | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$79.05M | USD | Point-in-time |
| Investments |
LongTermInvestments
|
$4.24M | USD | Point-in-time |
| Investments |
LongTermInvestments
|
$78.30M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$28.68M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$27.82M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$19.30M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$17.14M | USD | Point-in-time |
| Total assets |
Assets
|
$1.31B | USD | Point-in-time |
| Total assets |
Assets
|
$664.57M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$216.05M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$121.07M | USD | Point-in-time |
| Accounts payablerelated party |
AccountsPayableRelatedPartiesCurrent
|
$19.55M | USD | Point-in-time |
| Accounts payablerelated party |
AccountsPayableRelatedPartiesCurrent
|
$21.27M | USD | Point-in-time |
| Current portion of operating lease liabilities |
OperatingLeaseLiabilityCurrent
|
$8.37M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$38.15M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$90.08M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$36.12M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$34.40M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$31.79M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$47.62M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$246.69M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$417.80M | USD | Point-in-time |
| Long-term debt |
LongTermDebt
|
$488.20M | USD | Point-in-time |
| Long-term debt |
LongTermDebt
|
$235.13M | USD | Point-in-time |
| Long-term debtrelated party |
DueToRelatedPartiesNoncurrent
|
$89.80M | USD | Point-in-time |
| Long-term debtrelated party |
DueToRelatedPartiesNoncurrent
|
$34.65M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiabilityNoncurrent
|
$70.81M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$902.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.07B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$516.46M | USD | Point-in-time |
| Commitments and contingencies (Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Equity |
StockholdersEquity
|
$147.01M | USD | Point-in-time |
| Equity |
StockholdersEquity
|
$244.99M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$1.04M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$1.42M | USD | Point-in-time |
| Accumulated other comprehensive (loss) income |
AccumulatedOtherComprehensiveIncomeLoss
|
$56.00K | USD | Point-in-time |
| Accumulated other comprehensive (loss) income |
AccumulatedOtherComprehensiveIncomeLoss
|
$-46.00K | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
|
$152.06M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
|
$148.11M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
|
$176.81M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
|
$246.37M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$664.57M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$1.31B | USD | Point-in-time |
Income Statement
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$149.59M | USD | 1 Quarter |
| Revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$344.98M | USD | 1 Quarter |
| Cost of revenues, exclusive of depreciation, depletion and amortization |
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
|
$232.60M | USD | 1 Quarter |
| Cost of revenues, exclusive of depreciation, depletion and amortization |
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
|
$118.31M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
CostDepreciationAmortizationAndDepletion
|
$35.46M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
CostDepreciationAmortizationAndDepletion
|
$44.22M | USD | 1 Quarter |
| (Gain) loss on disposal of assets, net |
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
|
$154.00K | USD | 1 Quarter |
| (Gain) loss on disposal of assets, net |
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
|
$-2.21M | USD | 1 Quarter |
| Selling, general, and administrative |
SellingGeneralAndAdministrativeExpense
|
$13.78M | USD | 1 Quarter |
| Selling, general, and administrative |
SellingGeneralAndAdministrativeExpense
|
$34.13M | USD | 1 Quarter |
| Total operating costs and expenses |
CostsAndExpenses
|
$169.75M | USD | 1 Quarter |
| Total operating costs and expenses |
CostsAndExpenses
|
$310.79M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$-20.17M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$34.19M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$6.04M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$9.27M | USD | 1 Quarter |
| Loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-8.27M | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$8.23M | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$187.00K | USD | 1 Quarter |
| Income (loss) before income tax provision |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-26.01M | USD | 1 Quarter |
| Income (loss) before income tax provision |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$24.88M | USD | 1 Quarter |
| Income tax (provision) benefit |
IncomeTaxExpenseBenefit
|
$752.00K | USD | 1 Quarter |
| Income tax (provision) benefit |
IncomeTaxExpenseBenefit
|
$-25.00K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$24.13M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$-25.99M | USD | 1 Quarter |
| Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$9.00K | USD | 1 Quarter |
| Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$416.00K | USD | 1 Quarter |
| Net income (loss) attributable to ProFrac Holdings, LLC |
NetIncomeLoss
|
$23.71M | USD | 1 Quarter |
| Net income (loss) attributable to ProFrac Holdings, LLC |
NetIncomeLoss
|
$-26.00M | USD | 1 Quarter |
| Other comprehensive (loss) income |
OtherComprehensiveIncomeLossNetOfTax
|
$6.00K | USD | 1 Quarter |
| Other comprehensive (loss) income |
OtherComprehensiveIncomeLossNetOfTax
|
$-136.00K | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeLossExcludingNetIncomeLossAttributableToNoncontrollingInterest
|
$-25.99M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeLossExcludingNetIncomeLossAttributableToNoncontrollingInterest
|
$23.57M | USD | 1 Quarter |
| Less: Other comprehensive (loss) income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-34.00K | USD | 1 Quarter |
| Less: Other comprehensive (loss) income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$2.00K | USD | 1 Quarter |
| Comprehensive income (loss) attributable to ProFrac Holdings, LLC |
ComprehensiveIncomeNetOfTax
|
$-25.99M | USD | 1 Quarter |
| Comprehensive income (loss) attributable to ProFrac Holdings, LLC |
ComprehensiveIncomeNetOfTax
|
$23.61M | USD | 1 Quarter |
Cash Flow Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
ProfitLoss
|
$24.13M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$-25.99M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$44.22M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$35.46M | USD | 1 Quarter |
| (Gain) loss on disposal of assets, net |
GainLossOnDispositionOfAssets
|
$-2.21M | USD | 1 Quarter |
| (Gain) loss on disposal of assets, net |
GainLossOnDispositionOfAssets
|
$154.00K | USD | 1 Quarter |
| Non-cash loss on extinguishment of debt |
NonCashGainLossOnExtinguishmentOfDebt
|
$-4.28M | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$536.00K | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$1.37M | USD | 1 Quarter |
| Bad debt expense, net of recoveries |
ProvisionForDoubtfulAccounts
|
$30.00K | USD | 1 Quarter |
| Bad debt expense, net of recoveries |
ProvisionForDoubtfulAccounts
|
$5.00K | USD | 1 Quarter |
| Non-cash investment income |
NonCashInvestmentIncome
|
$-8.10M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$8.98M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$46.86M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$6.50M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$22.86M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$9.90M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$829.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$29.82M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$11.24M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$22.62M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$9.24M | USD | 1 Quarter |
| Deferred revenues and other current liabilities |
IncreaseDecreaseInDeferredRevenuesAndOtherCurrentLiabilities
|
$5.15M | USD | 1 Quarter |
| Deferred revenues and other current liabilities |
IncreaseDecreaseInDeferredRevenuesAndOtherCurrentLiabilities
|
$-109.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$43.72M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$16.31M | USD | 1 Quarter |
| Investment in property, plant & equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$41.49M | USD | 1 Quarter |
| Investment in property, plant & equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$17.36M | USD | 1 Quarter |
| Cash proceeds from sale of assets |
ProceedsFromSaleOfProductiveAssets
|
$16.73M | USD | 1 Quarter |
| Cash proceeds from sale of assets |
ProceedsFromSaleOfProductiveAssets
|
$45.62M | USD | 1 Quarter |
| Acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$2.30M | USD | 1 Quarter |
| Acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$278.99M | USD | 1 Quarter |
| Investment in preferred shares of BPC |
PaymentsToAcquireEquitySecuritiesFvNi
|
$45.95M | USD | 1 Quarter |
| Investments |
PaymentsToAcquireEquityMethodInvestments
|
$13.89M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-334.70M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.93M | USD | 1 Quarter |
| Proceeds from issuance of long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$6.82M | USD | 1 Quarter |
| Proceeds from issuance of long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$658.27M | USD | 1 Quarter |
| Repayments of long-term debt |
RepaymentsOfLongTermDebt
|
$13.44M | USD | 1 Quarter |
| Repayments of long-term debt |
RepaymentsOfLongTermDebt
|
$324.03M | USD | 1 Quarter |
| Payment of debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$22.91M | USD | 1 Quarter |
| Member contribution |
ProceedsFromContributionsFromParent
|
$5.00M | USD | 1 Quarter |
| Other |
ProceedsFromPaymentsForOtherFinancingActivities
|
$6.00K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-6.61M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$316.32M | USD | 1 Quarter |
| Net increase in cash, cash equivalents, and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$6.77M | USD | 1 Quarter |
| Net increase in cash, cash equivalents, and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$25.34M | USD | 1 Quarter |
| Cash, cash equivalents, and restricted cash beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$9.72M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$5.38M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.95M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$30.71M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$9.72M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$5.38M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.95M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$30.71M | USD | Point-in-time |
| Cash payments for interest |
InterestPaidNet
|
$6.64M | USD | 1 Quarter |
| Cash payments for interest |
InterestPaidNet
|
$6.32M | USD | 1 Quarter |
| Capital expenditures included in accounts payable |
CapitalExpendituresIncurredButNotYetPaid
|
$25.42M | USD | 1 Quarter |
| Capital expenditures included in accounts payable |
CapitalExpendituresIncurredButNotYetPaid
|
$7.84M | USD | 1 Quarter |
| Operating lease liabilities incurred from obtaining right-of-use-assets |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
$44.96M | USD | 1 Quarter |
Stockholders Equity
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
|
$152.06M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
|
$148.11M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
|
$176.81M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
|
$246.37M | USD | Point-in-time |
| Net (loss) income |
ProfitLoss
|
$24.13M | USD | 1 Quarter |
| Net (loss) income |
ProfitLoss
|
$-25.99M | USD | 1 Quarter |
| Member contributions |
StockIssuedDuringPeriodValueMemberContributions
|
$5.00M | USD | 1 Quarter |
| Deemed distribution |
IncreaseDecreaseInEquityDueToDeemedDistribution
|
$3.66M | USD | 1 Quarter |
| THRC related equity |
StockIssuedDuringPeriodValueAcquisitions
|
$72.93M | USD | 1 Quarter |
| Currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$6.00K | USD | 1 Quarter |
| Currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-136.00K | USD | 1 Quarter |
| Noncontrolling interest of acquired business |
NoncontrollingInterestIncreaseFromBusinessCombination
|
$1.23M | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
|
$152.06M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
|
$148.11M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
|
$176.81M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAndAccumulatedOtherComprehensiveIncomeLoss
|
$246.37M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.