10-Q Filing

Liberty Energy Inc. CIK: 1694028 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001694028-18-000018`
Period End Date	20180630
Filing Date	20180803
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	lbrt-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 81 Cash Flow Statement 86 Stockholders Equity 26

Balance Sheet 83 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`	$4.45M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$6.47M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.32M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$609.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.48M	USD	Point-in-time
Accounts receivabletrade	`AccountsReceivableNetCurrent`	$221.46M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10,000.00	shares	Point-in-time
Accounts receivabletrade	`AccountsReceivableNetCurrent`	$195.96M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10,000.00	shares	Point-in-time
Accounts receivablerelated party	`AccountsReceivableRelatedPartiesCurrent`	$3.98M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivablerelated party	`AccountsReceivableRelatedPartiesCurrent`	$4.11M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$118.28M	USD	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$58.78M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Unbilled revenuerelated party	`UnbilledReceivablesRelatedPartiesCurrent`	-	USD	Point-in-time
Unbilled revenuerelated party	`UnbilledReceivablesRelatedPartiesCurrent`	$59.00K	USD	Point-in-time
Inventories	`InventoryNet`	$62.37M	USD	Point-in-time
Inventories	`InventoryNet`	$55.52M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.40M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$29.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$352.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$518.79M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$561.01M	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`	$11.75M	USD	Point-in-time
Total assets	`Assets`	$852.10M	USD	Point-in-time
Total assets	`Assets`	$1.09B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$93.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$66.85M	USD	Point-in-time
Accrued vendor invoices	`AccruedVendorInvoicesCurrent`	$64.58M	USD	Point-in-time
Accrued vendor invoices	`AccruedVendorInvoicesCurrent`	$78.65M	USD	Point-in-time
Operational accruals	`OperationalAccrualsCurrent`	$32.21M	USD	Point-in-time
Operational accruals	`OperationalAccrualsCurrent`	$13.28M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$22.33M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$24.99M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.84M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$9.23M	USD	Point-in-time
Accrued interest and other	`InterestPayableCurrent`	$8.01M	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 $1,375 and $1,739, respectively	`LongTermDebtCurrent`	$11.00K	USD	Point-in-time
Current portion of long-term debt, net of discount of $1,375 and $1,739, respectively	`LongTermDebtCurrent`	$375.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$205.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$220.50M	USD	Point-in-time
Long-term debt, net of discount of $4,448 and $6,466, respectively, less current portion	`LongTermDebtNoncurrent`	$106.83M	USD	Point-in-time
Long-term debt, net of discount of $4,448 and $6,466, respectively, less current portion	`LongTermDebtNoncurrent`	$196.35M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$37.24M	USD	Point-in-time
Payable pursuant to tax receivable agreement	`AccruedIncomeTaxes`	$2.29M	USD	Point-in-time
Payable pursuant to tax receivable agreement	`AccruedIncomeTaxes`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$416.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$352.06M	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`	-	USD	Point-in-time
Redeemable common units	`TemporaryEquityCarryingAmountAttributableToParent`	$42.49M	USD	Point-in-time
Members equity	`MembersEquity`	-	USD	Point-in-time
Members equity	`MembersEquity`	$392.77M	USD	Point-in-time
Preferred Stock, $0.01 par value, 10,000 shares authorized and none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $0.01 par value, 10,000 shares authorized and none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$349.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$73.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$423.94M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$315.56M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$401.32M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.77M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$739.50M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$852.10M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.09B	USD	Point-in-time

Income Statement 81 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueOilAndGasServices`	$1.12B	USD	2 Qtrs
Revenue	`RevenueOilAndGasServices`	$334.74M	USD	1 Quarter
Revenue	`RevenueOilAndGasServices`	$583.96M	USD	2 Qtrs
Revenue	`RevenueOilAndGasServices`	$628.08M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$4.06M	USD	2 Qtrs
Revenuerelated parties	`RevenueFromRelatedParties`	-	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$11.98M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$15.16M	USD	2 Qtrs
Total revenue	`Revenues`	$628.08M	USD	1 Quarter
Total revenue	`Revenues`	$1.12B	USD	2 Qtrs
Total revenue	`Revenues`	$599.12M	USD	2 Qtrs
Total revenue	`Revenues`	$346.73M	USD	1 Quarter
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfServicesEnergyServices`	$267.63M	USD	1 Quarter
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfServicesEnergyServices`	$455.47M	USD	1 Quarter
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfServicesEnergyServices`	$479.26M	USD	2 Qtrs
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfServicesEnergyServices`	$832.30M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$27.31M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$37.11M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$20.02M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$48.99M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.62M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$31.67M	USD	2 Qtrs
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$33.00K	USD	2 Qtrs
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-10.00K	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-485.00K	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-565.00K	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$548.00M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$513.87M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$940.47M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$305.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$182.77M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$41.55M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$51.12M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$114.21M	USD	1 Quarter
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$1.75M	USD	1 Quarter
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$3.54M	USD	1 Quarter
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$10.03M	USD	2 Qtrs
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$3.20M	USD	2 Qtrs
Interest expense related party	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Interest expense related party	`InterestExpenseRelatedParty`	$761.00K	USD	1 Quarter
Interest expense related party	`InterestExpenseRelatedParty`	-	USD	2 Qtrs
Interest expense related party	`InterestExpenseRelatedParty`	$761.00K	USD	2 Qtrs
Total interest expense	`InterestExpense`	$10.03M	USD	2 Qtrs
Total interest expense	`InterestExpense`	$3.96M	USD	2 Qtrs
Total interest expense	`InterestExpense`	$3.54M	USD	1 Quarter
Total interest expense	`InterestExpense`	$2.51M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$110.67M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$39.03M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$47.16M	USD	2 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$172.74M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$15.93M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$24.01M	USD	2 Qtrs
Net income	`ProfitLoss`	$94.74M	USD	1 Quarter
Net income	`ProfitLoss`	$39.03M	USD	1 Quarter
Net income	`ProfitLoss`	$148.73M	USD	2 Qtrs
Net income	`ProfitLoss`	$47.16M	USD	2 Qtrs
Less: Net income attributable to Predecessor, prior to Corporate Reorganization	`NetIncomeLossAttributabletoPredecessor`	$47.16M	USD	2 Qtrs
Less: Net income attributable to Predecessor, prior to Corporate Reorganization	`NetIncomeLossAttributabletoPredecessor`	$8.71M	USD	2 Qtrs
Less: Net income attributable to Predecessor, prior to Corporate Reorganization	`NetIncomeLossAttributabletoPredecessor`	-	USD	1 Quarter
Less: Net income attributable to Predecessor, prior to Corporate Reorganization	`NetIncomeLossAttributabletoPredecessor`	$39.03M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$45.15M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$66.75M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Net income attributable to Liberty Oilfield Services Inc. stockholders	`NetIncomeLoss`	$49.59M	USD	1 Quarter
Net income attributable to Liberty Oilfield Services Inc. stockholders	`NetIncomeLoss`	-	USD	2 Qtrs
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`	-	USD	1 Quarter
Net income attributable to Liberty Oilfield Services Inc. stockholders	`NetIncomeLoss`	$73.27M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.72	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.06	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.05	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	69.02M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.98M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.64M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.41M	shares	2 Qtrs

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$94.74M	USD	1 Quarter
Net income	`ProfitLoss`	$39.03M	USD	1 Quarter
Net income	`ProfitLoss`	$148.73M	USD	2 Qtrs
Net income	`ProfitLoss`	$47.16M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$58.62M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$31.67M	USD	2 Qtrs
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$33.00K	USD	2 Qtrs
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-10.00K	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-485.00K	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-565.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$280.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$2.87M	USD	2 Qtrs
Inventory write-down	`InventoryWriteDown`	$3.39M	USD	2 Qtrs
Inventory write-down	`InventoryWriteDown`	$259.00K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$1.20M	USD	2 Qtrs
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$8.45M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$84.50M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.50M	USD	2 Qtrs
Accounts receivablerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$2.22M	USD	2 Qtrs
Accounts receivablerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$122.00K	USD	2 Qtrs
Unbilled revenue	`IncreaseDecreaseInUnbilledReceivables`	$23.54M	USD	2 Qtrs
Unbilled revenue	`IncreaseDecreaseInUnbilledReceivables`	$59.50M	USD	2 Qtrs
Unbilled revenuerelated party	`IncreaseDecreaseinUnbilledReceivablesRelatedParties`	$-2.49M	USD	2 Qtrs
Unbilled revenuerelated party	`IncreaseDecreaseinUnbilledReceivablesRelatedParties`	$-59.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.89M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.24M	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.98M	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$24.09M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.78M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$95.83M	USD	2 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	$1.04M	USD	2 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	-	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.56M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$109.20M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$140.86M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$205.15M	USD	2 Qtrs
Proceeds from disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$3.02M	USD	2 Qtrs
Proceeds from disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$264.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-204.89M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-137.84M	USD	2 Qtrs
Proceeds from issuance of common stock, net of underwriter discount	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of common stock, net of underwriter discount	`ProceedsFromIssuanceOfCommonStock`	$230.17M	USD	2 Qtrs
Redemption of LLC Units from Legacy Owners	`PaymentsForRedemptionofRedeemableCommonUnits`	-	USD	2 Qtrs
Redemption of LLC Units from Legacy Owners	`PaymentsForRedemptionofRedeemableCommonUnits`	$25.90M	USD	2 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$6.00M	USD	2 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$61.53M	USD	2 Qtrs
Proceeds from borrowings on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	$56.00M	USD	2 Qtrs
Proceeds from borrowings on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	-	USD	2 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$30.00M	USD	2 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	-	USD	2 Qtrs
Proceeds from Liberty Oilfield Services Holdings LLC	`ProceedsFromContributionsOfAssets`	-	USD	2 Qtrs
Proceeds from Liberty Oilfield Services Holdings LLC	`ProceedsFromContributionsOfAssets`	$2.12M	USD	2 Qtrs
Proceeds from related party bridge loans	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from related party bridge loans	`ProceedsFromRelatedPartyDebt`	$60.00M	USD	2 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	2 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$119.00K	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$282.00K	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.22M	USD	2 Qtrs
Proceeds from issuance of redeemable common units	`ProceedsfromIssuanceofRedeemableCommonUnits`	$39.79M	USD	2 Qtrs
Proceeds from issuance of redeemable common units	`ProceedsfromIssuanceofRedeemableCommonUnits`	-	USD	2 Qtrs
Distributions paid to noncontrolling interest unitholders	`PaymentsToMinorityShareholders`	$13.04M	USD	2 Qtrs
Distributions paid to noncontrolling interest unitholders	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Payment of deferred equity offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Payment of deferred equity offering costs	`PaymentsOfStockIssuanceCosts`	$5.88M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$95.65M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$148.45M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.88M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$67.01M	USD	2 Qtrs
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.32M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$609.00K	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$83.33M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.48M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$16.32M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$609.00K	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$83.33M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$11.48M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$15.03M	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$3.44M	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$7.55M	USD	2 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$6.27M	USD	2 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$23.28M	USD	2 Qtrs
Related party bridge loans exchanged for Redeemable Class 2 Common Units	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs
Related party bridge loans exchanged for Redeemable Class 2 Common Units	`DebtConversionConvertedInstrumentAmount1`	$60.76M	USD	2 Qtrs

Stockholders Equity 26 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`	$401.32M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.77M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$739.50M	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	2 Qtrs
Net deferred tax liability due to corporate reorganization	`AdjustmentstoAdditionalPaidinCapitalReorganizationDeferredTaxLiabilityNet`	$28.62M	USD	2 Qtrs
Issuance of Class A Common Stock, net of underwriter discount and offering costs	`StockIssuedDuringPeriodValueNewIssues`	$220.26M	USD	2 Qtrs
Redemption of Legacy Ownership, net of underwriter discount	`StockRedeemedOrCalledDuringPeriodValue`	$25.90M	USD	2 Qtrs
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	2 Qtrs
Liability due to tax receivable agreement	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiability`	$2.29M	USD	2 Qtrs
Initial allocation of noncontrolling interest of Liberty LLC effective on the date of the IPO	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	-	USD	2 Qtrs
Distributions paid to noncontrolling interest unitholders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$13.04M	USD	2 Qtrs
Restricted stock forfeited	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	2 Qtrs
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.20M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$49.59M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.71M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$73.27M	USD	2 Qtrs
Ending Balance	`MembersEquity`	-	USD	Point-in-time
Ending Balance	`MembersEquity`	$392.77M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$401.32M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.77M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$739.50M	USD	Point-in-time

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