◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

Liberty Energy Inc. CIK: 1694028 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001694028-18-000005
Period End Date 20180331
Filing Date 20180510
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance lbrt-20180331.xml
Filing Contents
Balance Sheet 73 line items
Line Item Tag Value Unit Period
Current portion of long-term debt, discount DebtInstrumentUnamortizedDiscountCurrent $1.38M USD Point-in-time
Current portion of long-term debt, discount DebtInstrumentUnamortizedDiscountCurrent $1.74M USD Point-in-time
Long-term debt, discount DebtInstrumentUnamortizedDiscountNoncurrent $6.47M USD Point-in-time
Long-term debt, discount DebtInstrumentUnamortizedDiscountNoncurrent $4.81M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $12.83M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $16.32M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $11.48M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $98.07M USD Point-in-time
Accounts receivabletrade AccountsReceivableNetCurrent $195.96M USD Point-in-time
Accounts receivabletrade AccountsReceivableNetCurrent $211.47M USD Point-in-time
Accounts receivablerelated party AccountsReceivableRelatedPartiesCurrent $7.98M USD Point-in-time
Accounts receivablerelated party AccountsReceivableRelatedPartiesCurrent $3.98M USD Point-in-time
Unbilled revenue UnbilledReceivablesCurrent $58.78M USD Point-in-time
Unbilled revenue UnbilledReceivablesCurrent $74.08M USD Point-in-time
Unbilled revenuerelated party UnbilledReceivablesRelatedPartiesCurrent $59.00K USD Point-in-time
Unbilled revenuerelated party UnbilledReceivablesRelatedPartiesCurrent - USD Point-in-time
Inventories InventoryNet $60.07M USD Point-in-time
Inventories InventoryNet $55.52M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $26.85M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $21.40M USD Point-in-time
Total current assets AssetsCurrent $478.52M USD Point-in-time
Total current assets AssetsCurrent $352.03M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $549.30M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $494.78M USD Point-in-time
Other assets OtherAssetsNoncurrent $5.30M USD Point-in-time
Other assets OtherAssetsNoncurrent $11.11M USD Point-in-time
Total assets Assets $1.04B USD Point-in-time
Total assets Assets $852.10M USD Point-in-time
Accounts payable AccountsPayableCurrent $139.08M USD Point-in-time
Accounts payable AccountsPayableCurrent $66.85M USD Point-in-time
Accrued vendor invoices AccruedVendorInvoicesCurrent $78.65M USD Point-in-time
Accrued vendor invoices AccruedVendorInvoicesCurrent $60.16M USD Point-in-time
Operational accruals OperationalAccrualsCurrent $32.21M USD Point-in-time
Operational accruals OperationalAccrualsCurrent $12.67M USD Point-in-time
Accrued salaries and benefits EmployeeRelatedLiabilitiesCurrent $24.99M USD Point-in-time
Accrued salaries and benefits EmployeeRelatedLiabilitiesCurrent $22.46M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $9.23M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $6.78M USD Point-in-time
Accrued interest and other InterestPayableCurrent $8.49M USD Point-in-time
Accrued interest and other InterestPayableCurrent $6.57M USD Point-in-time
Accrued liabilitiesrelated party AccountsPayableRelatedPartiesCurrent - USD Point-in-time
Accrued liabilitiesrelated party AccountsPayableRelatedPartiesCurrent $2.00M USD Point-in-time
Current portion of long-term debt, net of discount of $1,380 and $1,739, respectively LongTermDebtCurrent $11.00K USD Point-in-time
Current portion of long-term debt, net of discount of $1,380 and $1,739, respectively LongTermDebtCurrent $370.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $250.01M USD Point-in-time
Total current liabilities LiabilitiesCurrent $220.50M USD Point-in-time
Long-term debt, net of discount of $4,811 and $6,466, respectively, less current portion LongTermDebtNoncurrent $196.35M USD Point-in-time
Long-term debt, net of discount of $4,811 and $6,466, respectively, less current portion LongTermDebtNoncurrent $106.91M USD Point-in-time
Deferred tax liability DeferredTaxLiabilities - USD Point-in-time
Deferred tax liability DeferredTaxLiabilities $28.80M USD Point-in-time
Payable pursuant to tax receivable agreement AccruedIncomeTaxes - USD Point-in-time
Payable pursuant to tax receivable agreement AccruedIncomeTaxes $2.29M USD Point-in-time
Total liabilities Liabilities $388.01M USD Point-in-time
Total liabilities Liabilities $416.85M USD Point-in-time
Commitments & contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Commitments & contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Redeemable common units TemporaryEquityCarryingAmountAttributableToParent $42.49M USD Point-in-time
Redeemable common units TemporaryEquityCarryingAmountAttributableToParent - USD Point-in-time
Member equity MembersEquity - USD Point-in-time
Member equity MembersEquity $392.77M USD Point-in-time
Additional paid in capital AdditionalPaidInCapital - USD Point-in-time
Additional paid in capital AdditionalPaidInCapital $347.96M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit - USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $23.68M USD Point-in-time
Total stockholders' equity StockholdersEquity - USD Point-in-time
Total stockholders' equity StockholdersEquity $372.82M USD Point-in-time
Noncontrolling interest MinorityInterest - USD Point-in-time
Noncontrolling interest MinorityInterest $278.10M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $650.92M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $392.77M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $401.32M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $852.10M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.04B USD Point-in-time
Income Statement 37 line items
Line Item Tag Value Unit Period
Revenue RevenueOilAndGasServices $249.22M USD 1 Quarter
Revenue RevenueOilAndGasServices $491.10M USD 1 Quarter
Revenuerelated parties RevenueFromRelatedParties $3.18M USD 1 Quarter
Revenuerelated parties RevenueFromRelatedParties $4.06M USD 1 Quarter
Total revenue Revenues $252.39M USD 1 Quarter
Total revenue Revenues $495.16M USD 1 Quarter
Cost of services (exclusive of depreciation and amortization shown separately below) CostOfServicesEnergyServices $211.63M USD 1 Quarter
Cost of services (exclusive of depreciation and amortization shown separately below) CostOfServicesEnergyServices $376.83M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $17.08M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $21.68M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $28.02M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $14.15M USD 1 Quarter
Loss (gain) on disposal of assets GainLossOnDispositionOfAssets1 $43.00K USD 1 Quarter
Loss (gain) on disposal of assets GainLossOnDispositionOfAssets1 $-80.00K USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $242.82M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $426.60M USD 1 Quarter
Operating income OperatingIncomeLoss $68.56M USD 1 Quarter
Operating income OperatingIncomeLoss $9.57M USD 1 Quarter
Interest expense InterestExpense $6.49M USD 1 Quarter
Interest expense InterestExpense $1.45M USD 1 Quarter
Net income before income taxes IncomeLossIncludingPortionAttributableToNoncontrollingInterest $8.12M USD 1 Quarter
Net income before income taxes IncomeLossIncludingPortionAttributableToNoncontrollingInterest $62.07M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $8.08M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit - USD 1 Quarter
Net income ProfitLoss $8.12M USD 1 Quarter
Net income ProfitLoss $53.99M USD 1 Quarter
Less: Net income attributable to Predecessor, prior to Corporate Reorganization NetIncomeLossAttributabletoPredecessor $8.71M USD 1 Quarter
Less: Net income attributable to Predecessor, prior to Corporate Reorganization NetIncomeLossAttributabletoPredecessor $8.12M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $21.61M USD 1 Quarter
Net income attributable to Liberty Oilfield Services Inc. stockholders NetIncomeLoss - USD 1 Quarter
Net income attributable to Liberty Oilfield Services Inc. stockholders NetIncomeLoss $8.71M USD Point-in-time
Net income attributable to Liberty Oilfield Services Inc. stockholders NetIncomeLoss $23.68M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.34 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.34 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 68.92M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 118.18M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $8.12M USD 1 Quarter
Net income ProfitLoss $53.99M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts $14.15M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts $28.02M USD 1 Quarter
Loss (gain) on disposal of assets GainLossOnDispositionOfAssets1 $43.00K USD 1 Quarter
Loss (gain) on disposal of assets GainLossOnDispositionOfAssets1 $-80.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $109.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $2.31M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-2.24M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $15.51M USD 1 Quarter
Accounts receivablerelated party IncreaseDecreaseInAccountsReceivableRelatedParties $-5.02M USD 1 Quarter
Accounts receivablerelated party IncreaseDecreaseInAccountsReceivableRelatedParties $4.00M USD 1 Quarter
Unbilled revenue IncreaseDecreaseInUnbilledReceivables $6.44M USD 1 Quarter
Unbilled revenue IncreaseDecreaseInUnbilledReceivables $15.29M USD 1 Quarter
Unbilled revenuerelated party IncreaseDecreaseinUnbilledReceivablesRelatedParties $-59.00K USD 1 Quarter
Unbilled revenuerelated party IncreaseDecreaseinUnbilledReceivablesRelatedParties $-2.49M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $4.55M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.96M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $20.93M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $8.07M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $6.52M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $69.90M USD 1 Quarter
Accounts payable and accrued liabilitiesrelated party IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties $775.00K USD 1 Quarter
Accounts payable and accrued liabilitiesrelated party IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties - USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $84.29M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $30.70M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $54.98M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $124.89M USD 1 Quarter
Proceeds from disposal of assets ProceedsFromSaleOfProductiveAssets $263.00K USD 1 Quarter
Proceeds from disposal of assets ProceedsFromSaleOfProductiveAssets $251.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-124.62M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-54.73M USD 1 Quarter
Proceeds from issuance of common stock, net of underwriter discount ProceedsFromIssuanceOfCommonStock $230.17M USD 1 Quarter
Proceeds from issuance of common stock, net of underwriter discount ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Redemption of LLC Units from Legacy Owners PaymentsForRedemptionofRedeemableCommonUnits - USD 1 Quarter
Redemption of LLC Units from Legacy Owners PaymentsForRedemptionofRedeemableCommonUnits $25.90M USD 1 Quarter
Repayments of borrowings on term loan RepaymentsOfOtherLongTermDebt $61.10M USD 1 Quarter
Repayments of borrowings on term loan RepaymentsOfOtherLongTermDebt $3.00M USD 1 Quarter
Proceeds from borrowings on line-of-credit ProceedsFromLongTermLinesOfCredit - USD 1 Quarter
Proceeds from borrowings on line-of-credit ProceedsFromLongTermLinesOfCredit $5.00M USD 1 Quarter
Repayments of borrowings on line-of-credit RepaymentsOfLongTermLinesOfCredit $30.00M USD 1 Quarter
Repayments of borrowings on line-of-credit RepaymentsOfLongTermLinesOfCredit - USD 1 Quarter
Proceeds from Liberty Oilfield Services Holdings LLC ProceedsFromContributionsOfAssets $2.12M USD 1 Quarter
Proceeds from Liberty Oilfield Services Holdings LLC ProceedsFromContributionsOfAssets - USD 1 Quarter
Payments on capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $119.00K USD 1 Quarter
Payments on capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations - USD 1 Quarter
Proceeds from issuance of redeemable common units ProceedsfromIssuanceofRedeemableCommonUnits $39.79M USD 1 Quarter
Proceeds from issuance of redeemable common units ProceedsfromIssuanceofRedeemableCommonUnits - USD 1 Quarter
Distribution paid to non-controlling interest unitholders PaymentsToMinorityShareholders $4.12M USD 1 Quarter
Distribution paid to non-controlling interest unitholders PaymentsToMinorityShareholders - USD 1 Quarter
Payment of deferred equity offering costs PaymentsOfStockIssuanceCosts $5.39M USD 1 Quarter
Payment of deferred equity offering costs PaymentsOfStockIssuanceCosts - USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $41.67M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $105.78M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $81.75M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $1.34M USD 1 Quarter
Cash and cash equivalentsbeginning of period CashAndCashEquivalentsAtCarryingValue $12.83M USD Point-in-time
Cash and cash equivalentsbeginning of period CashAndCashEquivalentsAtCarryingValue $16.32M USD Point-in-time
Cash and cash equivalentsbeginning of period CashAndCashEquivalentsAtCarryingValue $11.48M USD Point-in-time
Cash and cash equivalentsbeginning of period CashAndCashEquivalentsAtCarryingValue $98.07M USD Point-in-time
Cash and cash equivalentsend of period CashAndCashEquivalentsAtCarryingValue $12.83M USD Point-in-time
Cash and cash equivalentsend of period CashAndCashEquivalentsAtCarryingValue $16.32M USD Point-in-time
Cash and cash equivalentsend of period CashAndCashEquivalentsAtCarryingValue $11.48M USD Point-in-time
Cash and cash equivalentsend of period CashAndCashEquivalentsAtCarryingValue $98.07M USD Point-in-time
Cash paid for income taxes IncomeTaxesPaidNet - USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaidNet $5.93M USD 1 Quarter
Cash paid for interest InterestPaid $2.00M USD 1 Quarter
Cash paid for interest InterestPaid $4.44M USD 1 Quarter
Capital expenditures included in accounts payable and accrued liabilities CapitalExpendituresIncurredButNotYetPaid $41.33M USD 1 Quarter
Capital expenditures included in accounts payable and accrued liabilities CapitalExpendituresIncurredButNotYetPaid $46.57M USD 1 Quarter
Stockholders Equity 23 line items
Line Item Tag Value Unit Period
Beginning Balance MembersEquity - USD Point-in-time
Beginning Balance MembersEquity $392.77M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $650.92M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $392.77M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $401.32M USD Point-in-time
Return on redeemable common units EquityDistributionsOnRedeemableSecurities $149.00K USD Point-in-time
Exchange of Liberty LLC Units for Class A Common Stock and Class B Common Stock and extinguishment of Redeemable Common Units StockIssuedDuringPeriodValueConversionOfUnits $46.54M USD 1 Quarter
Net deferred tax liability due to corporate reorganization AdjustmentstoAdditionalPaidinCapitalReorganizationDeferredTaxLiabilityNet $28.62M USD 1 Quarter
Issuance of Class A Common Stock, net of underwriter discount and offering costs StockIssuedDuringPeriodValueNewIssues $219.93M USD 1 Quarter
Redemption of Legacy Ownership, net of underwriter discount StockRedeemedOrCalledDuringPeriodValue $25.90M USD 1 Quarter
Issuance of Restricted Stock StockIssuedDuringPeriodValueRestrictedStockAwardGross - USD 1 Quarter
Liability due to tax receivable agreement AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiability $2.29M USD 1 Quarter
Initial allocation of noncontrolling interest of Liberty LLC effective on the date of the IPO NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance - USD 1 Quarter
Distribution paid and payable to non-controlling interest unitholders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $5.35M USD 1 Quarter
Restricted stock forfeited StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures - USD 1 Quarter
Net income (loss) NetIncomeLoss - USD 1 Quarter
Net income (loss) NetIncomeLoss $8.71M USD Point-in-time
Net income (loss) NetIncomeLoss $23.68M USD 1 Quarter
Ending Balance MembersEquity - USD Point-in-time
Ending Balance MembersEquity $392.77M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $650.92M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $392.77M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $401.32M USD Point-in-time

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

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...