10-Q Filing

Liberty Energy Inc. CIK: 1694028 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001694028-19-000049`
Period End Date	20190930
Filing Date	20191031
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	lbrt-20190930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 81 Cash Flow Statement 89 Stockholders Equity 72

Balance Sheet 96 line items

Line Item	Tag	Value	Unit	Period
Payables to related parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Payables to related parties	`DueToRelatedPartiesCurrent`	$1.33M	USD	Point-in-time
Payable pursuant to tax receivable agreements, related parties	`AccruedIncomeTaxesRelatedPartiesNoncurrent`	$18.64M	USD	Point-in-time
Payable pursuant to tax receivable agreements, related parties	`AccruedIncomeTaxesRelatedPartiesNoncurrent`	$2.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$140.00M	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$1.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.30M	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$1.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.31M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$2.82M	USD	Point-in-time
Accounts receivabletrade	`AccountsReceivableNetCurrent`	$153.59M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$3.83M	USD	Point-in-time
Accounts receivabletrade	`AccountsReceivableNetCurrent`	$203.22M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts and notes receivablerelated party	`AccountsReceivableRelatedPartiesCurrent`	$15.14M	USD	Point-in-time
Accounts and notes receivablerelated party	`AccountsReceivableRelatedPartiesCurrent`	$9.35M	USD	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$33.78M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10,000.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10,000.00	shares	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$79.23M	USD	Point-in-time
Inventories	`InventoryNet`	$86.98M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$60.02M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$23.02M	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
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$49.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$496.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$461.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$627.05M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$638.69M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$28.23M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$33.85M	USD	Point-in-time
Note receivablerelated party, less current portion	`NotesReceivableRelatedPartiesNoncurrent`	$11.12M	USD	Point-in-time
Note receivablerelated party, less current portion	`NotesReceivableRelatedPartiesNoncurrent`	-	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$57.99M	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$57.25M	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`	$91.02M	USD	Point-in-time
Accrued vendor invoices	`AccruedVendorInvoicesCurrent`	$67.77M	USD	Point-in-time
Accrued vendor invoices	`AccruedVendorInvoicesCurrent`	$54.05M	USD	Point-in-time
Operational accruals	`OperationalAccrualsCurrent`	$36.41M	USD	Point-in-time
Operational accruals	`OperationalAccrualsCurrent`	$29.60M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$22.79M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$31.49M	USD	Point-in-time
Other accrued liabilities (including payables to related parties of $1,264 and $0, respectively)	`OtherAccruedLiabilitiesCurrent`	$9.59M	USD	Point-in-time
Other accrued liabilities (including payables to related parties of $1,264 and $0, respectively)	`OtherAccruedLiabilitiesCurrent`	$10.44M	USD	Point-in-time
Accrued liabilitiesrelated party	`AccountsPayableRelatedPartiesCurrent`	$2.30M	USD	Point-in-time
Accrued liabilitiesrelated party	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Current portion of long-term debt, net of discount of $1,348 and $1,365, respectively	`LongTermDebtCurrent`	$401.00K	USD	Point-in-time
Current portion of long-term debt, net of discount of $1,348 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`	$20.37M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$16.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$219.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$253.98M	USD	Point-in-time
Long-term debt, net of discount of $2,817 and $3,826, respectively, less current portion	`LongTermDebtNoncurrent`	$106.14M	USD	Point-in-time
Long-term debt, net of discount of $2,817 and $3,826, respectively, less current portion	`LongTermDebtNoncurrent`	$105.84M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$19.56M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$32.99M	USD	Point-in-time
Payable pursuant to tax receivable agreements (including payables to related parties of $18,637 and $2,857, respectively)	`AccruedIncomeTaxesNoncurrent`	$16.82M	USD	Point-in-time
Payable pursuant to tax receivable agreements (including payables to related parties of $18,637 and $2,857, respectively)	`AccruedIncomeTaxesNoncurrent`	$40.31M	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$31.82M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$40.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$491.76M	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`	$368.50M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$312.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$159.45M	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`	$529.08M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$307.75M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$274.39M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$740.81M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$803.47M	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`	$739.50M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.77M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$743.60M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.12B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.30B	USD	Point-in-time

Income Statement 81 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$552.52M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.57B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.67B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$507.95M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$6.25M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$7.13M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$18.27M	USD	3 Qtrs
Revenuerelated parties	`RevenueFromRelatedParties`	$10.31M	USD	3 Qtrs
Total revenue	`Revenues`	$558.78M	USD	1 Quarter
Total revenue	`Revenues`	$1.68B	USD	3 Qtrs
Total revenue	`Revenues`	$515.08M	USD	1 Quarter
Total revenue	`Revenues`	$1.59B	USD	3 Qtrs
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$1.28B	USD	3 Qtrs
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$418.87M	USD	1 Quarter
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$421.01M	USD	1 Quarter
Cost of services (exclusive of depreciation and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$1.25B	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$71.38M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$24.66M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$25.30M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$73.65M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$90.93M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$121.08M	USD	3 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-1.27M	USD	3 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-1.24M	USD	3 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-701.00K	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$124.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$488.51M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.42B	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$476.53M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.47B	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$121.92M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$265.02M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$26.57M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$82.25M	USD	1 Quarter
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$3.73M	USD	1 Quarter
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$3.65M	USD	1 Quarter
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$11.51M	USD	3 Qtrs
Interest expense	`InterestExpenseExcludingRelatedPartyTransactions`	$13.68M	USD	3 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$110.42M	USD	3 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$78.60M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$251.34M	USD	3 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$22.84M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$36.24M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$12.23M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.15M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.00M	USD	1 Quarter
Net income	`ProfitLoss`	$66.37M	USD	1 Quarter
Net income	`ProfitLoss`	$215.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$93.27M	USD	3 Qtrs
Net income	`ProfitLoss`	$18.84M	USD	1 Quarter
Less: Net income attributable to Predecessor, prior to Corporate Reorganization	`NetIncomeLossAttributabletoPredecessor`	-	USD	3 Qtrs
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`	-	USD	1 Quarter
Less: Net income attributable to Predecessor, prior to Corporate Reorganization	`NetIncomeLossAttributabletoPredecessor`	-	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.84M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$32.27M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$42.12M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$99.03M	USD	3 Qtrs
Net income attributable to Liberty Oilfield Services Inc. stockholders	`NetIncomeLoss`	$51.15M	USD	3 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`	$11.00M	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`	$34.09M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.56	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.73	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.71	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.53	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.55M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.82M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	70.03M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	74.17M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.43M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.47M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	113.06M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.01M	shares	3 Qtrs

Cash Flow Statement 89 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$66.37M	USD	1 Quarter
Net income	`ProfitLoss`	$215.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$93.27M	USD	3 Qtrs
Net income	`ProfitLoss`	$18.84M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$121.08M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$90.93M	USD	3 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-1.27M	USD	3 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-1.24M	USD	3 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-701.00K	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$124.00K	USD	1 Quarter
Interest expense on finance lease liability	`FinanceLeaseInterestExpense`	$2.02M	USD	3 Qtrs
Interest expense on finance lease liability	`FinanceLeaseInterestExpense`	$665.00K	USD	1 Quarter
Interest expense on finance lease liability	`FinanceLeaseInterestExpense`	-	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.66M	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$3.44M	USD	3 Qtrs
Inventory write-down	`InventoryWriteDown`	$649.00K	USD	3 Qtrs
Inventory write-down	`InventoryWriteDown`	$3.39M	USD	3 Qtrs
Non-cash lease expense	`LeaseNonCashPortionExpense`	$3.06M	USD	3 Qtrs
Non-cash lease expense	`LeaseNonCashPortionExpense`	-	USD	3 Qtrs
Share based compensation expense	`ShareBasedCompensation`	$3.12M	USD	3 Qtrs
Share based compensation expense	`ShareBasedCompensation`	$9.99M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$9.19M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$15.25M	USD	3 Qtrs
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$66.83M	USD	3 Qtrs
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$4.17M	USD	3 Qtrs
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$5.33M	USD	3 Qtrs
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$170.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.70M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$27.61M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-14.48M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$31.70M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$31.74M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.46M	USD	3 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	$-1.00M	USD	3 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	-	USD	3 Qtrs
Payment of operating lease liability	`OperatingLeaseLiabilityPrepayment`	$5.20M	USD	3 Qtrs
Payment of operating lease liability	`OperatingLeaseLiabilityPrepayment`	-	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$245.07M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$223.63M	USD	3 Qtrs
Purchases of property and equipment and construction in-progress	`PaymentsToAcquireProductiveAssets`	$158.24M	USD	3 Qtrs
Purchases of property and equipment and construction in-progress	`PaymentsToAcquireProductiveAssets`	$187.08M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$541.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$3.14M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-157.69M	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`	$230.17M	USD	3 Qtrs
Proceeds from issuance of common stock, net of underwriter discount	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Redemption of Liberty LLC Units from legacy owners	`PaymentsForRedemptionofRedeemableCommonUnits`	-	USD	3 Qtrs
Redemption of Liberty LLC Units from legacy owners	`PaymentsForRedemptionofRedeemableCommonUnits`	$25.90M	USD	3 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$61.97M	USD	3 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$1.31M	USD	3 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	-	USD	3 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$30.00M	USD	3 Qtrs
Proceeds from Liberty Oilfield Services Holdings LLC	`ProceedsFromContributionsOfAssets`	$2.12M	USD	3 Qtrs
Proceeds from Liberty Oilfield Services Holdings LLC	`ProceedsFromContributionsOfAssets`	-	USD	3 Qtrs
Payments on finance lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$10.50M	USD	3 Qtrs
Payments on finance lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	3 Qtrs
Class A Common Stock dividends	`PaymentsOfDividends`	$3.45M	USD	3 Qtrs
Class A Common Stock dividends	`PaymentsOfDividends`	$10.63M	USD	3 Qtrs
Per unit distributions to noncontrolling interest unitholders	`PaymentsToMinorityShareholders`	$6.21M	USD	3 Qtrs
Per unit distributions to noncontrolling interest unitholders	`PaymentsToMinorityShareholders`	$2.41M	USD	3 Qtrs
Tax withholding on restricted stock unit vesting	`PaymentsForVestingOfRestrictedStock`	$1.04M	USD	3 Qtrs
Tax withholding on restricted stock unit vesting	`PaymentsForVestingOfRestrictedStock`	-	USD	3 Qtrs
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	$53.92M	USD	3 Qtrs
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	$18.40M	USD	3 Qtrs
Payment of equity offering costs	`PaymentsOfStockIssuanceCosts`	$5.93M	USD	3 Qtrs
Payment of equity offering costs	`PaymentsOfStockIssuanceCosts`	$1.50M	USD	3 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$282.00K	USD	3 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Other distributions and advance payments to noncontrolling interest unitholders	`PaymentForAdvancedTaxReceivableAgreement`	$1.10M	USD	3 Qtrs
Other distributions and advance payments to noncontrolling interest unitholders	`PaymentForAdvancedTaxReceivableAgreement`	$17.36M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.07M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-50.70M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$36.68M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$70.76M	USD	3 Qtrs
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$140.00M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$103.31M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.32M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$87.08M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$140.00M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$103.31M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.32M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$87.08M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$19.83M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.04M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$10.76M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$9.64M	USD	3 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$16.11M	USD	3 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$12.87M	USD	3 Qtrs

Stockholders Equity 72 line items

Line Item	Tag	Value	Unit	Period
Distributions to noncontrolling unitholders (in dollars per share)	`DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit`	$0.05	USD	1 Quarter
Distributions to noncontrolling unitholders (in dollars per share)	`DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit`	$0.15	USD	3 Qtrs
Distributions to noncontrolling unitholders (in dollars per share)	`DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit`	$0.05	USD	1 Quarter
Distributions to noncontrolling unitholders (in dollars per share)	`DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit`	$0.05	USD	3 Qtrs
Common stock dividend (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.15	USD	3 Qtrs
Common stock dividend (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	3 Qtrs
Common stock dividend (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Common stock dividend (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$740.81M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$803.47M	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`	$739.50M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.77M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$743.60M	USD	Point-in-time
Exchanges of Class B Common Stock for Class A Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Exchanges of Class B Common Stock for Class A Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	3 Qtrs
Effect of exchange on deferred tax asset, net of liability under tax receivable agreements	`AdjustmentsToAdditionalPaidInCapitalExchangeEffectOnDeferredTaxAssetNet`	$4.47M	USD	3 Qtrs
Effect of exchange on deferred tax asset, net of liability under tax receivable agreements	`AdjustmentsToAdditionalPaidInCapitalExchangeEffectOnDeferredTaxAssetNet`	$3.57M	USD	1 Quarter
Deferred tax impact of ownership changes from exchanges and repurchases	`DeferredTaxImpactOfOwnershipChangesFromExchangesAndRepurchases`	$7.15M	USD	1 Quarter
Deferred tax impact of ownership changes from exchanges and repurchases	`DeferredTaxImpactOfOwnershipChangesFromExchangesAndRepurchases`	$7.15M	USD	3 Qtrs
$0.15/unit distributions to noncontrolling unitholders	`NoncontrollingInterestDecreaseFromUnitDistributionsToNoncontrollingInterestHolders`	$6.21M	USD	3 Qtrs
$0.15/unit distributions to noncontrolling unitholders	`NoncontrollingInterestDecreaseFromUnitDistributionsToNoncontrollingInterestHolders`	$2.41M	USD	1 Quarter
$0.15/unit distributions to noncontrolling unitholders	`NoncontrollingInterestDecreaseFromUnitDistributionsToNoncontrollingInterestHolders`	$1.86M	USD	1 Quarter
$0.15/unit distributions to noncontrolling unitholders	`NoncontrollingInterestDecreaseFromUnitDistributionsToNoncontrollingInterestHolders`	$2.41M	USD	3 Qtrs
$0.15/share of Class A Common Stock dividend	`Dividends`	$3.54M	USD	3 Qtrs
$0.15/share of Class A Common Stock dividend	`Dividends`	$3.87M	USD	1 Quarter
$0.15/share of Class A Common Stock dividend	`Dividends`	$10.98M	USD	3 Qtrs
$0.15/share of Class A Common Stock dividend	`Dividends`	$3.54M	USD	1 Quarter
Share repurchases	`StockRepurchasedDuringPeriodValue`	$53.92M	USD	3 Qtrs
Share repurchases	`StockRepurchasedDuringPeriodValue`	$17.10M	USD	3 Qtrs
Share repurchases	`StockRepurchasedDuringPeriodValue`	$53.92M	USD	1 Quarter
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.99M	USD	3 Qtrs
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.12M	USD	3 Qtrs
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.54M	USD	1 Quarter
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.93M	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	$1.04M	USD	3 Qtrs
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	-	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	3 Qtrs
Offering Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$1.50M	USD	1 Quarter
Offering Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$1.50M	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 agreements	`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
Other distributions and advance payments to noncontrolling interest unitholders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.32M	USD	1 Quarter
Other distributions and advance payments to noncontrolling interest unitholders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.10M	USD	3 Qtrs
Other distributions and advance payments to noncontrolling interest unitholders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$17.36M	USD	3 Qtrs
Other distributions and advance payments to noncontrolling interest unitholders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$557.00K	USD	1 Quarter
Restricted stock and RSU forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$1.00K	USD	3 Qtrs
Restricted stock and RSU forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$1.00K	USD	3 Qtrs
Restricted stock and RSU forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$1.00K	USD	1 Quarter
Restricted stock and RSU forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$1.00K	USD	1 Quarter
Net income prior to Corporate Reorganization	`NetIncomeLoss`	$51.15M	USD	3 Qtrs
Net income prior to Corporate Reorganization	`NetIncomeLoss`	$8.71M	USD	Point-in-time
Net income prior to Corporate Reorganization	`NetIncomeLoss`	$11.00M	USD	1 Quarter
Net income prior to Corporate Reorganization	`NetIncomeLoss`	$107.36M	USD	3 Qtrs
Net income prior to Corporate Reorganization	`NetIncomeLoss`	$34.09M	USD	1 Quarter
Net income	`NetIncomeLossAttributableToParentExcludingPredecessor`	$93.27M	USD	3 Qtrs
Net income	`NetIncomeLossAttributableToParentExcludingPredecessor`	$18.84M	USD	1 Quarter
Net income	`NetIncomeLossAttributableToParentExcludingPredecessor`	$206.39M	USD	3 Qtrs
Net income	`NetIncomeLossAttributableToParentExcludingPredecessor`	$66.37M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$740.81M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$803.47M	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`	$739.50M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.77M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$743.60M	USD	Point-in-time

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