10-Q Filing

Liberty Energy Inc. CIK: 1694028 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001694028-18-000027`
Period End Date	20180930
Filing Date	20181101
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	lbrt-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 82 Cash Flow Statement 89 Stockholders Equity 29

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$1.37M	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$1.74M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$4.14M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$6.47M	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`	$11.48M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.08M	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 receivabletrade	`AccountsReceivableNetCurrent`	$241.35M	USD	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`	$4.21M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$80.23M	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
Unbilled revenuerelated party	`UnbilledReceivablesRelatedPartiesCurrent`	$59.00K	USD	Point-in-time
Unbilled revenuerelated party	`UnbilledReceivablesRelatedPartiesCurrent`	-	USD	Point-in-time
Inventories	`InventoryNet`	$55.84M	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`	$33.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$352.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$502.06M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$494.78M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$583.94M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$15.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.30M	USD	Point-in-time
Total assets	`Assets`	$852.10M	USD	Point-in-time
Total assets	`Assets`	$1.10B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$95.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$66.85M	USD	Point-in-time
Accrued vendor invoices	`AccruedVendorInvoicesCurrent`	$49.71M	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`	$21.54M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$24.99M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$27.49M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$9.23M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$750.00K	USD	Point-in-time
Accrued interest and other	`InterestPayableCurrent`	$6.57M	USD	Point-in-time
Accrued interest and other	`InterestPayableCurrent`	$8.91M	USD	Point-in-time
Accrued liabilitiesrelated party	`AccountsPayableRelatedPartiesCurrent`	$2.00M	USD	Point-in-time
Accrued liabilitiesrelated party	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Current portion of long-term debt, net of discount of $1,370 and $1,739, respectively	`LongTermDebtCurrent`	$11.00K	USD	Point-in-time
Current portion of long-term debt, net of discount of $1,370 and $1,739, respectively	`LongTermDebtCurrent`	$817.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$204.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$220.50M	USD	Point-in-time
Long-term debt, net of discount of $4,137 and $6,466, respectively, less current portion	`LongTermDebtNoncurrent`	$106.27M	USD	Point-in-time
Long-term debt, net of discount of $4,137 and $6,466, respectively, less current portion	`LongTermDebtNoncurrent`	$196.35M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$44.04M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	-	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`	$357.44M	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
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`	$311.77M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$103.82M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$416.75M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$326.85M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$401.32M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$743.60M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.77M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$852.10M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.10B	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.02B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.67B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$552.52M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$436.33M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$20.68M	USD	3 Qtrs
Revenuerelated parties	`RevenueFromRelatedParties`	$6.25M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$5.52M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$10.31M	USD	3 Qtrs
Total revenue	`Revenues`	$441.85M	USD	1 Quarter
Total revenue	`Revenues`	$558.78M	USD	1 Quarter
Total revenue	`Revenues`	$1.04B	USD	3 Qtrs
Total revenue	`Revenues`	$1.68B	USD	3 Qtrs
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfServicesEnergyServices`	$418.87M	USD	1 Quarter
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfServicesEnergyServices`	$807.69M	USD	3 Qtrs
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfServicesEnergyServices`	$328.43M	USD	1 Quarter
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfServicesEnergyServices`	$1.25B	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$59.35M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$24.66M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$73.65M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$22.25M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$55.83M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$90.93M	USD	3 Qtrs
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-701.00K	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$12.00K	USD	3 Qtrs
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-21.00K	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-1.27M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$476.53M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.42B	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$374.86M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$922.86M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$118.11M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$66.99M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$82.25M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$265.02M	USD	3 Qtrs
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$13.68M	USD	3 Qtrs
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$3.65M	USD	1 Quarter
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$3.33M	USD	1 Quarter
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$6.53M	USD	3 Qtrs
Interest expense related party	`InterestExpenseRelatedParty`	-	USD	3 Qtrs
Interest expense related party	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Interest expense related party	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Interest expense related party	`InterestExpenseRelatedParty`	$761.00K	USD	3 Qtrs
Total interest expense	`InterestExpense`	$7.29M	USD	3 Qtrs
Total interest expense	`InterestExpense`	$3.65M	USD	1 Quarter
Total interest expense	`InterestExpense`	$13.68M	USD	3 Qtrs
Total interest expense	`InterestExpense`	$3.33M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$110.82M	USD	3 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$78.60M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$63.66M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$251.34M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$36.20M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$12.23M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$36.24M	USD	3 Qtrs
Net income	`ProfitLoss`	$63.66M	USD	1 Quarter
Net income	`ProfitLoss`	$66.37M	USD	1 Quarter
Net income	`ProfitLoss`	$110.82M	USD	3 Qtrs
Net income	`ProfitLoss`	$215.10M	USD	3 Qtrs
Less: Net income attributable to Predecessor, prior to Corporate Reorganization	`NetIncomeLossAttributabletoPredecessor`	$63.66M	USD	1 Quarter
Less: Net income attributable to Predecessor, prior to Corporate Reorganization	`NetIncomeLossAttributabletoPredecessor`	$8.71M	USD	3 Qtrs
Less: Net income attributable to Predecessor, prior to Corporate Reorganization	`NetIncomeLossAttributabletoPredecessor`	$110.82M	USD	3 Qtrs
Less: Net income attributable to Predecessor, prior to Corporate Reorganization	`NetIncomeLossAttributabletoPredecessor`	-	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$32.27M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$99.03M	USD	3 Qtrs
Net income attributable to Liberty Oilfield Services Inc. stockholders	`NetIncomeLoss`	-	USD	3 Qtrs
Net income attributable to Liberty Oilfield Services Inc. stockholders	`NetIncomeLoss`	$34.09M	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`	$107.36M	USD	3 Qtrs
Net income attributable to Liberty Oilfield Services Inc. stockholders	`NetIncomeLoss`	$8.71M	USD	Point-in-time
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.56	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.53	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.82M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.55M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.43M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.47M	shares	1 Quarter

Cash Flow Statement 89 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$63.66M	USD	1 Quarter
Net income	`ProfitLoss`	$66.37M	USD	1 Quarter
Net income	`ProfitLoss`	$110.82M	USD	3 Qtrs
Net income	`ProfitLoss`	$215.10M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$55.83M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$90.93M	USD	3 Qtrs
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-701.00K	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$12.00K	USD	3 Qtrs
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-21.00K	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-1.27M	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$3.44M	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.68M	USD	3 Qtrs
Inventory write-down	`InventoryWriteDown`	$3.39M	USD	3 Qtrs
Inventory write-down	`InventoryWriteDown`	$259.00K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	-	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$3.12M	USD	3 Qtrs
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$15.25M	USD	3 Qtrs
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$138.95M	USD	3 Qtrs
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$66.83M	USD	3 Qtrs
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$170.00K	USD	3 Qtrs
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$234.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.70M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$13.96M	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.87M	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$31.70M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.46M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$114.25M	USD	3 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	-	USD	3 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	$1.29M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$115.11M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$223.63M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$187.08M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$252.35M	USD	3 Qtrs
Proceeds from disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$1.05M	USD	3 Qtrs
Proceeds from disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$3.14M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-251.30M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-183.94M	USD	3 Qtrs
Proceeds from issuance of common stock, net of underwriter discount	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from issuance of common stock, net of underwriter discount	`ProceedsFromIssuanceOfCommonStock`	$230.17M	USD	3 Qtrs
Redemption of LLC Units from Legacy Owners	`PaymentsForRedemptionofRedeemableCommonUnits`	-	USD	3 Qtrs
Redemption of LLC Units from Legacy Owners	`PaymentsForRedemptionofRedeemableCommonUnits`	$25.90M	USD	3 Qtrs
Proceeds from borrowings on term loan, net of discount	`ProceedsFromIssuanceOfOtherLongTermDebt`	$171.50M	USD	3 Qtrs
Proceeds from borrowings on term loan, net of discount	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	3 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$61.97M	USD	3 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$57.00M	USD	3 Qtrs
Proceeds from borrowings on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	$110.56M	USD	3 Qtrs
Proceeds from borrowings on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	-	USD	3 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$104.00M	USD	3 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$30.00M	USD	3 Qtrs
Proceeds from Liberty Oilfield Services Holdings LLC	`ProceedsFromContributionsOfAssets`	-	USD	3 Qtrs
Proceeds from Liberty Oilfield Services Holdings LLC	`ProceedsFromContributionsOfAssets`	$2.12M	USD	3 Qtrs
Distribution and dividend paid to noncontrolling interest unitholders and Class A common stock shareholders	`PaymentsOfDividends`	-	USD	3 Qtrs
Distribution and dividend paid to noncontrolling interest unitholders and Class A common stock shareholders	`PaymentsOfDividends`	$5.86M	USD	3 Qtrs
Share Repurchase	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Share Repurchase	`PaymentsForRepurchaseOfCommonStock`	$53.92M	USD	3 Qtrs
Proceeds from related party bridge loans	`ProceedsFromRelatedPartyDebt`	$60.00M	USD	3 Qtrs
Proceeds from related party bridge loans	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$119.00K	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	3 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$8.75M	USD	3 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$282.00K	USD	3 Qtrs
Proceeds from issuance of redeemable common units	`ProceedsfromIssuanceofRedeemableCommonUnits`	$39.79M	USD	3 Qtrs
Proceeds from issuance of redeemable common units	`ProceedsfromIssuanceofRedeemableCommonUnits`	-	USD	3 Qtrs
Payments for redemption of redeemable common units	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$62.74M	USD	3 Qtrs
Distributions paid to noncontrolling interest unitholders	`PaymentsToMinorityShareholders`	$17.36M	USD	3 Qtrs
Distributions paid to noncontrolling interest unitholders	`PaymentsToMinorityShareholders`	-	USD	3 Qtrs
Payment of deferred equity offering costs	`PaymentsOfStockIssuanceCosts`	$5.93M	USD	3 Qtrs
Payment of deferred equity offering costs	`PaymentsOfStockIssuanceCosts`	$3.40M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$145.85M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.07M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.66M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$70.76M	USD	3 Qtrs
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`	$21.14M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.08M	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`	$21.14M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$87.08M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$19.83M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$10.76M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$5.13M	USD	3 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$17.88M	USD	3 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$16.11M	USD	3 Qtrs
Related party bridge loans exchanged for Redeemable Class 2 Common Units	`DebtConversionConvertedInstrumentAmount1`	$60.68M	USD	3 Qtrs
Related party bridge loans exchanged for Redeemable Class 2 Common Units	`DebtConversionConvertedInstrumentAmount1`	-	USD	3 Qtrs

Stockholders Equity 29 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`	$743.60M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.77M	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	3 Qtrs
Net deferred tax liability due to corporate reorganization	`AdjustmentstoAdditionalPaidinCapitalReorganizationDeferredTaxLiabilityNet`	$28.62M	USD	3 Qtrs
Issuance of Class A Common Stock, net of underwriter discount and offering costs	`StockIssuedDuringPeriodValueNewIssues`	$220.26M	USD	3 Qtrs
Redemption of Legacy Ownership, net of underwriter discount	`StockRedeemedOrCalledDuringPeriodValue`	$25.90M	USD	3 Qtrs
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	3 Qtrs
Liability due to tax receivable agreement	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiability`	$2.29M	USD	3 Qtrs
Initial allocation of noncontrolling interest of Liberty LLC effective on the date of the IPO	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	-	USD	3 Qtrs
Distributions paid to noncontrolling interest unitholders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$17.36M	USD	3 Qtrs
Restricted stock forfeited	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$1.00K	USD	3 Qtrs
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.12M	USD	3 Qtrs
$0.05/LLC Unit distribution paid to noncontrolling interest unitholders	`NoncontrollingInterestDecreaseFromUnitDistributionsToNoncontrollingInterestHolders`	$2.41M	USD	3 Qtrs
Dividend declared ($0.05 / share of Class A Common Stock)	`Dividends`	$3.54M	USD	3 Qtrs
Share repurchase	`StockRepurchasedDuringPeriodValue`	$53.92M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	-	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$34.09M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$107.36M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.71M	USD	Point-in-time
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`	$743.60M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.77M	USD	Point-in-time

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