10-Q Filing

Liberty Energy Inc. CIK: 1694028 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001694028-19-000038`
Period End Date	20190630
Filing Date	20190801
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	lbrt-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 81 Cash Flow Statement 93 Stockholders Equity 52

Balance Sheet 91 line items

Line Item	Tag	Value	Unit	Period
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$1.36M	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$1.35M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$3.83M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$3.15M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.50M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.31M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10,000.00	shares	Point-in-time
Accounts receivabletrade	`AccountsReceivableNetCurrent`	$248.16M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10,000.00	shares	Point-in-time
Accounts receivabletrade	`AccountsReceivableNetCurrent`	$153.59M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivablerelated party	`AccountsReceivableRelatedPartiesCurrent`	$15.14M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivablerelated party	`AccountsReceivableRelatedPartiesCurrent`	-	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 revenue	`UnbilledReceivablesCurrent`	$98.22M	USD	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$79.23M	USD	Point-in-time
Inventories	`InventoryNet`	$86.81M	USD	Point-in-time
Inventories	`InventoryNet`	$60.02M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.33M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$49.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$486.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$461.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$647.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$627.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$28.23M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$33.57M	USD	Point-in-time
Note receivablerelated party	`NotesReceivableRelatedPartiesNoncurrent`	$15.60M	USD	Point-in-time
Note receivablerelated party	`NotesReceivableRelatedPartiesNoncurrent`	-	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	-	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$59.42M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$61.14M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Total assets	`Assets`	$1.12B	USD	Point-in-time
Total assets	`Assets`	$1.30B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$80.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$108.10M	USD	Point-in-time
Accrued vendor invoices	`AccruedVendorInvoicesCurrent`	$67.77M	USD	Point-in-time
Accrued vendor invoices	`AccruedVendorInvoicesCurrent`	$75.12M	USD	Point-in-time
Operational accruals	`OperationalAccrualsCurrent`	$19.82M	USD	Point-in-time
Operational accruals	`OperationalAccrualsCurrent`	$36.41M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$22.79M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$22.96M	USD	Point-in-time
Accrued interest and other	`InterestPayableCurrent`	$9.59M	USD	Point-in-time
Accrued interest and other	`InterestPayableCurrent`	$9.59M	USD	Point-in-time
Accrued liabilitiesrelated party	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Accrued liabilitiesrelated party	`AccountsPayableRelatedPartiesCurrent`	$2.30M	USD	Point-in-time
Current portion of long-term debt, net of discount of $1,353 and $1,365, respectively	`LongTermDebtCurrent`	$397.00K	USD	Point-in-time
Current portion of long-term debt, net of discount of $1,353 and $1,365, respectively	`LongTermDebtCurrent`	$385.00K	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	-	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$18.19M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$16.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$219.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$270.70M	USD	Point-in-time
Long-term debt, net of discount of $3,153 and $3,826, respectively, less current portion	`LongTermDebtNoncurrent`	$106.38M	USD	Point-in-time
Long-term debt, net of discount of $3,153 and $3,826, respectively, less current portion	`LongTermDebtNoncurrent`	$106.14M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$32.99M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$33.91M	USD	Point-in-time
Payable pursuant to tax receivable agreements	`AccruedIncomeTaxesNoncurrent`	$16.82M	USD	Point-in-time
Payable pursuant to tax receivable agreements	`AccruedIncomeTaxesNoncurrent`	$20.07M	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$35.84M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$44.03M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$510.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$375.69M	USD	Point-in-time
Commitments & contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments & contingencies (Note 13)	`CommitmentsAndContingencies`	-	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`	$318.10M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$312.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$152.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$119.27M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$433.07M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$471.55M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$307.75M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$320.90M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$755.48M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$792.45M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$401.32M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$740.81M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$739.50M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$650.92M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.77M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.30B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.12B	USD	Point-in-time

Income Statement 81 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$537.32M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.12B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$628.08M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.07B	USD	2 Qtrs
Revenuerelated parties	`RevenueFromRelatedParties`	$11.14M	USD	2 Qtrs
Revenuerelated parties	`RevenueFromRelatedParties`	$4.83M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$4.06M	USD	2 Qtrs
Revenuerelated parties	`RevenueFromRelatedParties`	-	USD	1 Quarter
Total revenue	`Revenues`	$542.15M	USD	1 Quarter
Total revenue	`Revenues`	$1.08B	USD	2 Qtrs
Total revenue	`Revenues`	$1.12B	USD	2 Qtrs
Total revenue	`Revenues`	$628.08M	USD	1 Quarter
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$455.47M	USD	1 Quarter
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$832.30M	USD	2 Qtrs
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$426.44M	USD	1 Quarter
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$855.74M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$27.31M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$23.99M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$48.99M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$46.08M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.62M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$40.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$78.75M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.61M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-485.00K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-1.37M	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-143.00K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-565.00K	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$981.94M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$940.47M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$490.94M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$513.87M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$51.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$182.77M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$95.35M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$114.21M	USD	1 Quarter
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$3.54M	USD	1 Quarter
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$10.03M	USD	2 Qtrs
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$7.78M	USD	2 Qtrs
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$3.60M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$172.74M	USD	2 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$47.61M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$110.67M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$87.58M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$13.14M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$15.93M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$24.01M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$7.08M	USD	1 Quarter
Net income	`ProfitLoss`	$40.52M	USD	1 Quarter
Net income	`ProfitLoss`	$94.74M	USD	1 Quarter
Net income	`ProfitLoss`	$74.43M	USD	2 Qtrs
Net income	`ProfitLoss`	$148.73M	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`	-	USD	1 Quarter
Less: Net income attributable to Predecessor, prior to Corporate Reorganization	`NetIncomeLossAttributabletoPredecessor`	-	USD	2 Qtrs
Less: Net income attributable to Predecessor, prior to Corporate Reorganization	`NetIncomeLossAttributabletoPredecessor`	$8.71M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$66.75M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$34.28M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$18.49M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$45.15M	USD	1 Quarter
Net income attributable to Liberty Oilfield Services Inc. stockholders	`NetIncomeLoss`	$22.03M	USD	1 Quarter
Net income attributable to Liberty Oilfield Services Inc. stockholders	`NetIncomeLoss`	$40.15M	USD	2 Qtrs
Net income attributable to Liberty Oilfield Services Inc. stockholders	`NetIncomeLoss`	$73.27M	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`	$8.71M	USD	Point-in-time
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.06	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.59	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.72	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.05	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.58	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.40M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	67.92M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.98M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	69.02M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	114.28M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	114.34M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.41M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.64M	shares	1 Quarter

Cash Flow Statement 93 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$40.52M	USD	1 Quarter
Net income	`ProfitLoss`	$94.74M	USD	1 Quarter
Net income	`ProfitLoss`	$74.43M	USD	2 Qtrs
Net income	`ProfitLoss`	$148.73M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$58.62M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$78.75M	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-485.00K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-1.37M	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-143.00K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-565.00K	USD	2 Qtrs
Interest expense on finance lease liability	`FinanceLeaseInterestExpense`	$1.35M	USD	2 Qtrs
Interest expense on finance lease liability	`FinanceLeaseInterestExpense`	$699.00K	USD	1 Quarter
Interest expense on finance lease liability	`FinanceLeaseInterestExpense`	-	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$2.87M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.10M	USD	2 Qtrs
Inventory write-down	`InventoryWriteDown`	$3.39M	USD	2 Qtrs
Inventory write-down	`InventoryWriteDown`	-	USD	2 Qtrs
Non-cash lease expense	`LeaseNonCashPortionExpense`	$2.83M	USD	2 Qtrs
Non-cash lease expense	`LeaseNonCashPortionExpense`	-	USD	2 Qtrs
Share based compensation expense	`ShareBasedCompensation`	$6.45M	USD	2 Qtrs
Share based compensation expense	`ShareBasedCompensation`	$1.20M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$8.45M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.89M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$94.57M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.50M	USD	2 Qtrs
Accounts receivablerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$462.00K	USD	2 Qtrs
Accounts receivablerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$122.00K	USD	2 Qtrs
Unbilled revenue	`IncreaseDecreaseInUnbilledReceivables`	$18.99M	USD	2 Qtrs
Unbilled revenue	`IncreaseDecreaseInUnbilledReceivables`	$59.50M	USD	2 Qtrs
Unbilled revenuerelated party	`IncreaseDecreaseInUnbilledReceivablesRelatedParties`	$-59.00K	USD	2 Qtrs
Unbilled revenuerelated party	`IncreaseDecreaseInUnbilledReceivablesRelatedParties`	-	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$26.79M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.24M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$24.09M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-18.15M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$53.34M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.78M	USD	2 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	$-1.00M	USD	2 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	-	USD	2 Qtrs
Payment of operating lease liability	`OperatingLeaseLiabilityPrepayment`	$5.16M	USD	2 Qtrs
Payment of operating lease liability	`OperatingLeaseLiabilityPrepayment`	-	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$109.20M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$97.71M	USD	2 Qtrs
Purchases of property and equipment and construction in-progress	`PaymentsToAcquireProductiveAssets`	$140.86M	USD	2 Qtrs
Purchases of property and equipment and construction in-progress	`PaymentsToAcquireProductiveAssets`	$130.41M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$3.02M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$344.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-137.84M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-130.06M	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 Liberty LLC Units from legacy owners	`PaymentsForRedemptionofRedeemableCommonUnits`	-	USD	2 Qtrs
Redemption of Liberty LLC Units from legacy owners	`PaymentsForRedemptionofRedeemableCommonUnits`	$25.90M	USD	2 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$438.00K	USD	2 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$61.53M	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
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$30.00M	USD	2 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	-	USD	2 Qtrs
Payments on finance lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$6.79M	USD	2 Qtrs
Payments on finance lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	2 Qtrs
Class A Common Stock dividend	`PaymentsOfDividends`	$6.88M	USD	2 Qtrs
Class A Common Stock dividend	`PaymentsOfDividends`	-	USD	2 Qtrs
Restricted Stock Vesting	`PaymentsForVestingOfRestrictedStock`	$1.04M	USD	2 Qtrs
Restricted Stock Vesting	`PaymentsForVestingOfRestrictedStock`	-	USD	2 Qtrs
Distribution to noncontrolling interest unitholders	`PaymentsToMinorityShareholders`	$4.36M	USD	2 Qtrs
Distribution to noncontrolling interest unitholders	`PaymentsToMinorityShareholders`	$13.04M	USD	2 Qtrs
Share buyback	`PaymentsForRepurchaseOfCommonStock`	$18.40M	USD	2 Qtrs
Share buyback	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Payment of deferred equity offering costs	`PaymentsOfStockIssuanceCosts`	$5.88M	USD	2 Qtrs
Payment of deferred equity offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$282.00K	USD	2 Qtrs
Advance payments on TRAs	`PaymentForAdvancedTaxReceivableAgreement`	-	USD	2 Qtrs
Advance payments on TRAs	`PaymentForAdvancedTaxReceivableAgreement`	$547.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$95.65M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-38.46M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$67.01M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-70.81M	USD	2 Qtrs
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.33M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$103.31M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.50M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.32M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.33M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$103.31M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.50M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.32M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$15.03M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.04M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$5.58M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$7.55M	USD	2 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$10.35M	USD	2 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$6.27M	USD	2 Qtrs

Stockholders Equity 52 line items

Line Item	Tag	Value	Unit	Period
Price per unit (in dollar per share)	`PartnersCapitalAccountDistributionPerUnitOfLimitedPartnerInterest`	$0.05	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$755.48M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$792.45M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$401.32M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$740.81M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$739.50M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$650.92M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.77M	USD	Point-in-time
Exchanges of Class B Common Stock for Class A Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	2 Qtrs
Effect of exchange on deferred tax asset, net of liability under tax receivable agreements	`AdjustmentsToAdditionalPaidInCapitalExchangeEffectOnDeferredTaxAssetNet`	$896.00K	USD	2 Qtrs
$0.05/unit distribution to noncontrolling unitholders	`NoncontrollingInterestDecreaseFromUnitDistributionsToNoncontrollingInterestHolders`	$4.36M	USD	2 Qtrs
$0.05/unit distribution to noncontrolling unitholders	`NoncontrollingInterestDecreaseFromUnitDistributionsToNoncontrollingInterestHolders`	$2.18M	USD	1 Quarter
Regular cash dividends declared and distributions paid	`Dividends`	$3.59M	USD	1 Quarter
Regular cash dividends declared and distributions paid	`Dividends`	$7.11M	USD	2 Qtrs
Share repurchases	`StockRepurchasedDuringPeriodValue`	$17.10M	USD	2 Qtrs
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.20M	USD	1 Quarter
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.45M	USD	2 Qtrs
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.57M	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	$1.04M	USD	2 Qtrs
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	$1.04M	USD	1 Quarter
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 agreements	`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
Distribution paid and payable to noncontrolling interest unitholders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$7.69M	USD	1 Quarter
Distribution paid and payable to noncontrolling interest unitholders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$325.00K	USD	1 Quarter
Distribution paid and payable to noncontrolling interest unitholders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$13.04M	USD	2 Qtrs
Distribution paid and payable to noncontrolling interest unitholders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$547.00K	USD	2 Qtrs
Restricted stock forfeited	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	1 Quarter
Restricted stock forfeited	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	2 Qtrs
Restricted stock and RSU forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$1.00K	USD	1 Quarter
Restricted stock and RSU forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$2.00K	USD	2 Qtrs
Net income prior to Corporate Reorganization	`NetIncomeLoss`	$22.03M	USD	1 Quarter
Net income prior to Corporate Reorganization	`NetIncomeLoss`	$40.15M	USD	2 Qtrs
Net income prior to Corporate Reorganization	`NetIncomeLoss`	$73.27M	USD	2 Qtrs
Net income prior to Corporate Reorganization	`NetIncomeLoss`	$49.59M	USD	1 Quarter
Net income prior to Corporate Reorganization	`NetIncomeLoss`	$8.71M	USD	Point-in-time
Net income	`NetIncomeLossAttributableToParentExcludingPredecessor`	$94.74M	USD	1 Quarter
Net income	`NetIncomeLossAttributableToParentExcludingPredecessor`	$40.52M	USD	1 Quarter
Net income	`NetIncomeLossAttributableToParentExcludingPredecessor`	$140.02M	USD	2 Qtrs
Net income	`NetIncomeLossAttributableToParentExcludingPredecessor`	$74.43M	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$755.48M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$792.45M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$401.32M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$740.81M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$739.50M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$650.92M	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.