ProFrac Holding Corp. (ACDC) Financial Statements (2025 and earlier)

Company Profile

Business Address 333 SHOPS BOULEVARD
WILLOW PARK, TX 76087
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2024
MRQ
12/31/2023
12/31/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2535
Cash and cash equivalents2535
Receivables346538
Inventory, net of allowances, customer advances and progress billings237250
Inventory237250
Other undisclosed current assets3043
Total current assets:638865
Noncurrent Assets
Operating lease, right-of-use asset87113
Property, plant and equipment1,7791,396
Long-term investments and receivables2959
Long-term investments2959
Intangible assets, net (including goodwill)499444
Goodwill326241
Intangible assets, net (excluding goodwill)174203
Deferred income tax assets00
Other noncurrent assets3856
Total noncurrent assets:2,4332,068
TOTAL ASSETS:3,0712,934
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities385455
Accounts payable319339
Accrued liabilities66115
Deferred revenue  
Debt131130
Other liabilities8426
Due to related parties24
Other undisclosed current liabilities5034
Total current liabilities:649668
Noncurrent Liabilities
Long-term debt and lease obligation949 
Long-term debt, excluding current maturities942 
Finance lease, liability 7 
Liabilities, other than long-term debt83180
Due to related parties63
Other liabilities1536
Operating lease, liability6881
Other undisclosed noncurrent liabilities62735
Total noncurrent liabilities:1,093915
Total liabilities:1,7421,583
Temporary equity, carrying amount592,463
Equity
Equity, attributable to parent, including:1,211(1,184)
Additional paid in capital1,225 
Accumulated deficit(16)(1,186)
Other undisclosed equity, attributable to parent22
Equity, attributable to noncontrolling interest5972
Total equity:1,270(1,112)
TOTAL LIABILITIES AND EQUITY:3,0712,934

Income Statement (P&L) ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
Revenues2,6302,426
Cost of revenue(2,195)(2,426)
Cost of goods and services sold(2,144)(2,426)
Gross profit:435 
Operating expenses(269)(243)
Other operating expense, net(30)(15)
Other undisclosed operating income303,092
Operating income (loss):167412
Nonoperating income (expense)(36)17
Other nonoperating income (expense)(36)17
Interest and debt expense(188)(77)
Income (loss) from continuing operations before equity method investments, income taxes:(58)352
Other undisclosed loss from continuing operations before income taxes  
Income (loss) from continuing operations before income taxes:(58)352
Income tax expense (benefit)(1)(9)
Net income (loss):(59)343
Net income (loss) attributable to noncontrolling interest(39)(178)
Other undisclosed net loss attributable to parent  (74)
Net income (loss) attributable to parent:(98)92
Other undisclosed net loss available to common stockholders, basic(10) 
Net income (loss) available to common stockholders, diluted:(108)92

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
Net income (loss):(59)343
Other undisclosed comprehensive income00
Comprehensive income (loss):(59)343
Comprehensive income, net of tax, attributable to noncontrolling interest328
Other undisclosed comprehensive loss, net of tax, attributable to parent (42)(280)
Comprehensive income (loss), net of tax, attributable to parent:(97)92

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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