Liberty Energy Inc. (LBRT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
950 17TH STREET DENVER, CO 80202 |
| State of Incorp. | |
| 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 thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 36,784 | 43,676 | 19,998 | 68,978 | 112,690 | 103,312 | |||
| Cash and cash equivalent | 36,784 | 43,676 | 19,998 | 68,978 | 112,690 | 103,312 | |||
| Receivables | 188,940 | 586,012 | 407,454 | 338,657 | 252,910 | 247,961 | |||
| Inventory, net of allowances, customer advances and progress billings | 205,865 | 214,454 | 134,593 | 118,568 | 88,547 | 60,024 | |||
| Inventory | 205,865 | 214,454 | 134,593 | 118,568 | 88,547 | 60,024 | |||
| Other undisclosed current assets | 522,665 | 112,531 | 68,332 | 40,930 | 34,827 | 49,924 | |||
| Total current assets: | 954,254 | 956,673 | 630,377 | 567,133 | 488,974 | 461,221 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 182,319 | 41,771 | 18,201 | 38,733 | 55,337 | ✕ | |||
| Operating lease, right-of-use asset | 92,640 | 97,232 | 109,899 | 75,878 | 53,076 | ✕ | |||
| Property, plant and equipment | 1,645,368 | 1,362,364 | 1,199,287 | 1,120,950 | 651,703 | 627,053 | |||
| Deferred income tax assets | 12,592 | 607 | 5,360 | ✕ | |||||
| Other noncurrent assets | 105,300 | 82,289 | 81,888 | 34,339 | 28,227 | ||||
| Other undisclosed noncurrent assets | 158,976 | ||||||||
| Total noncurrent assets: | 2,079,303 | 1,619,259 | 1,410,283 | 1,322,809 | 794,455 | 655,280 | |||
| TOTAL ASSETS: | 3,033,557 | 2,575,932 | 2,040,660 | 1,889,942 | 1,283,429 | 1,116,501 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 554,799 | 605,931 | 523,916 | 221,579 | 157,061 | 112,866 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 10,643 | 9,585 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 28,241 | 28,805 | 22,791 | |||
| Accounts payable | 293,733 | 326,818 | 288,801 | 193,338 | 117,613 | 80,490 | |||
| Accrued liabilities | 261,066 | 279,113 | 235,115 | ||||||
| Deferred revenue | 3,859 | 4,552 | ✕ | ||||||
| Debt | 39,867 | 12,413 | 9,750 | 20,944 | 39,928 | 385 | |||
| Due to related parties | ✕ | ✕ | 2,629 | 1,142 | 1,329 | 2,300 | |||
| Other undisclosed current liabilities | 44,758 | 24,665 | 29,887 | 113,623 | 68,177 | 104,185 | |||
| Total current liabilities: | 639,424 | 649,497 | 569,247 | 356,146 | 266,495 | 219,736 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 273,654 | 239,916 | 202,856 | 167,159 | 167,302 | 106,139 | |||
| Long-term debt, excluding current maturities | 140,000 | 217,426 | 121,445 | 105,411 | 105,731 | 106,139 | |||
| Finance lease, liability | 133,654 | 22,490 | 4,445 | 11,318 | 24,884 | ✕ | |||
| Liabilities, other than long-term debt | 279,071 | 189,213 | 38,118 | 56,594 | 68,140 | 32,994 | |||
| Accounts payable and accrued liabilities | 112,471 | 118,874 | 37,555 | 56,594 | 48,481 | ||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 32,994 | ||
| Deferred income tax liabilities | 102,340 | 1,044 | 563 | 19,659 | ✕ | ||||
| Operating lease, liability | 64,260 | 69,295 | 76,966 | 50,430 | 36,687 | ✕ | |||
| Other undisclosed noncurrent liabilities | 16,818 | ||||||||
| Total noncurrent liabilities: | 552,725 | 429,129 | 240,974 | 223,753 | 235,442 | 155,951 | |||
| Total liabilities: | 1,192,149 | 1,078,626 | 810,221 | 579,899 | 501,937 | 375,687 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,841,408 | 1,495,017 | 1,213,242 | 1,150,637 | 554,827 | 433,069 | |||
| Additional paid in capital | 1,093,498 | 1,266,097 | 1,367,642 | 1,125,554 | 410,596 | 312,659 | |||
| Accumulated other comprehensive loss | (6,084) | (7,396) | (306) | ||||||
| Retained earnings (accumulated deficit) | 752,328 | 234,525 | (155,954) | 23,288 | 143,105 | 119,274 | |||
| Other undisclosed equity, attributable to parent | 1,666 | 1,791 | 1,860 | 1,795 | 1,126 | 1,136 | |||
| Equity, attributable to noncontrolling interest | 2,289 | 17,197 | 159,406 | 226,665 | 307,745 | ||||
| Other undisclosed equity | |||||||||
| Total equity: | 1,841,408 | 1,497,306 | 1,230,439 | 1,310,043 | 781,492 | 740,814 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,033,557 | 2,575,932 | 2,040,660 | 1,889,942 | 1,283,429 | 1,116,501 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,747,928 | 4,149,228 | 2,470,782 | 965,787 | 1,990,346 | 2,155,136 | ||
| Cost of revenue | (3,753,089) | (3,472,074) | (2,521,586) | (1,046,134) | (1,775,250) | (1,753,863) | ||
| Cost of product and service sold | (3,349,370) | (3,149,036) | (2,249,926) | (857,981) | (1,621,180) | (1,628,753) | ||
| Gross profit: | 994,839 | 677,154 | (50,804) | (80,347) | 215,096 | 401,273 | ||
| Operating expenses | (234,260) | (181,264) | (130,420) | (96,679) | (111,499) | (94,710) | ||
| Operating income (loss): | 760,579 | 495,890 | (181,224) | (177,026) | 103,597 | 306,563 | ||
| Nonoperating income (expense) | (25,689) | (96,381) | 3,436 | 263 | ||||
| Investment income, nonoperating | 2,525 | 263 | ||||||
| Other nonoperating income | ||||||||
| Interest and debt expense | (6,060) | (1,707) | (1,598) | (14,505) | (14,681) | (17,145) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 728,830 | 397,802 | (179,386) | (191,268) | 88,916 | 289,418 | ||
| Other undisclosed income from continuing operations before income taxes | 6,060 | 1,707 | 1,598 | |||||
| Income (loss) from continuing operations before income taxes: | 734,890 | 399,509 | (177,788) | (191,268) | 88,916 | 289,418 | ||
| Income tax expense (benefit) | (178,482) | 793 | (9,216) | 30,857 | (14,052) | (40,385) | ||
| Income (loss) from continuing operations: | 556,408 | 400,302 | (187,004) | (160,411) | 74,864 | 249,033 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (187,004) | (160,411) | 74,864 | 249,033 | |
| Other undisclosed net loss | (263) | |||||||
| Net income (loss): | 556,408 | 400,302 | (187,004) | (160,674) | 74,864 | 249,033 | ||
| Net income (loss) attributable to noncontrolling interest | (91) | (700) | 7,760 | 45,091 | (35,861) | (113,979) | ||
| Other undisclosed net loss attributable to parent | (8,705) | |||||||
| Net income (loss) available to common stockholders, basic: | 556,317 | 399,602 | (179,244) | (115,583) | 39,003 | 126,349 | ||
| Dilutive securities, effect on basic earnings per share | 73 | 716 | 16,521 | 86,577 | ||||
| Net income (loss) available to common stockholders, diluted: | 556,390 | 400,318 | (179,244) | (115,583) | 55,524 | 212,926 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 556,408 | 400,302 | (187,004) | (160,674) | 74,864 | 249,033 | ||
| Other undisclosed comprehensive income (loss) | 1,313 | (7,097) | (102) | |||||
| Comprehensive income (loss): | 557,721 | 393,205 | (187,106) | (160,674) | 74,864 | 249,033 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (92) | (693) | 7,556 | 45,091 | (35,861) | (113,979) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 557,629 | 392,512 | (179,550) | (115,583) | 39,003 | 135,054 | ||
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.