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)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 23,012 | 30,043 | 23,788 | 36,784 | 26,603 | 31,667 | |||
| Cash and cash equivalent | 23,012 | 30,043 | 23,788 | 36,784 | 26,603 | 31,667 | |||
| Receivables | 183,047 | 227,719 | 219,389 | 188,940 | 208,112 | 201,907 | |||
| Inventory, net of allowances, customer advances and progress billings | 197,563 | 206,386 | 210,060 | 205,865 | 211,747 | 201,069 | |||
| Inventory | 197,563 | 206,386 | 210,060 | 205,865 | 211,747 | 201,069 | |||
| Other undisclosed current assets | 518,898 | 538,164 | 524,771 | 522,665 | 621,162 | 639,272 | |||
| Total current assets: | 922,520 | 1,002,312 | 978,008 | 954,254 | 1,067,624 | 1,073,915 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 276,416 | 240,750 | 195,955 | 182,319 | 135,114 | 53,461 | |||
| Operating lease, right-of-use asset | 81,341 | 85,453 | 88,485 | 92,640 | 98,361 | 96,407 | |||
| Property, plant and equipment | 1,834,214 | 1,750,977 | 1,694,232 | 1,645,368 | 1,613,437 | 1,546,187 | |||
| Deferred income tax assets | 21,238 | 21,240 | |||||||
| Other undisclosed noncurrent assets | 158,393 | 161,863 | 140,939 | 158,976 | 153,349 | 133,292 | |||
| Total noncurrent assets: | 2,350,364 | 2,239,043 | 2,119,611 | 2,079,303 | 2,021,499 | 1,850,587 | |||
| TOTAL ASSETS: | 3,272,884 | 3,241,355 | 3,097,619 | 3,033,557 | 3,089,123 | 2,924,502 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 587,715 | 597,620 | 550,893 | 554,799 | 626,613 | 634,063 | |||
| Accounts payable | 347,074 | 348,273 | 315,998 | 293,733 | 358,595 | 368,723 | |||
| Accrued liabilities | 240,641 | 249,347 | 234,895 | 261,066 | 268,018 | 265,340 | |||
| Deferred revenue | 37,444 | 37,444 | 37,444 | 16,774 | 19,335 | ||||
| Debt | 64,114 | 56,727 | 46,146 | 39,867 | 28,020 | 10,926 | |||
| Other undisclosed current liabilities | 59,298 | 52,106 | 27,882 | 44,758 | 122,402 | 79,906 | |||
| Total current liabilities: | 748,571 | 743,897 | 662,365 | 639,424 | 793,809 | 744,230 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 326,247 | 326,885 | 313,578 | 273,654 | 321,112 | 321,765 | |||
| Long-term debt, excluding current maturities | 123,000 | 147,000 | 166,000 | 140,000 | 223,000 | 288,000 | |||
| Finance lease, liability | 203,247 | 179,885 | 147,578 | 133,654 | 98,112 | 33,765 | |||
| Liabilities, other than long-term debt | 229,068 | 233,678 | 237,192 | 279,071 | 185,640 | 184,566 | |||
| Accounts payable and accrued liabilities | 75,008 | 75,027 | 75,027 | 112,471 | 114,842 | 114,842 | |||
| Deferred income tax liabilities | 102,287 | 102,287 | 102,340 | 102,340 | 1,040 | 1,067 | |||
| Operating lease, liability | 51,773 | 56,364 | 59,825 | 64,260 | 69,758 | 68,657 | |||
| Total noncurrent liabilities: | 555,315 | 560,563 | 550,770 | 552,725 | 506,752 | 506,331 | |||
| Total liabilities: | 1,303,886 | 1,304,460 | 1,213,135 | 1,192,149 | 1,300,561 | 1,250,561 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,967,364 | 1,935,242 | 1,884,484 | 1,841,408 | 1,788,562 | 1,673,941 | |||
| Additional paid in capital | 996,336 | 1,027,939 | 1,070,383 | 1,093,498 | 1,123,967 | 1,146,130 | |||
| Accumulated other comprehensive loss | (9,886) | (11,533) | (9,807) | (6,084) | (9,015) | (5,867) | |||
| Retained earnings | 980,914 | 918,836 | 822,256 | 752,328 | 671,924 | 531,974 | |||
| Other undisclosed equity, attributable to parent | 1,652 | 1,666 | 1,686 | 1,704 | |||||
| Other undisclosed equity | 1,634 | 1,653 | |||||||
| Total equity: | 1,968,998 | 1,936,895 | 1,884,484 | 1,841,408 | 1,788,562 | 1,673,941 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,272,884 | 3,241,355 | 3,097,619 | 3,033,557 | 3,089,123 | 2,924,502 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,138,578 | 1,159,884 | 1,073,125 | 1,074,958 | 1,215,905 | 1,194,988 | ||
| Cost of revenue | (955,059) | (949,170) | (896,955) | (887,159) | (953,002) | (931,808) | ||
| Cost of product and service sold | (840,274) | (835,798) | (782,680) | (777,251) | (850,247) | (833,456) | ||
| Gross profit: | 183,519 | 210,714 | 176,170 | 187,799 | 262,903 | 263,180 | ||
| Operating expenses | (76,241) | (68,881) | (60,737) | (64,045) | (57,676) | (56,702) | ||
| Operating income: | 107,278 | 141,833 | 115,433 | 123,754 | 205,227 | 206,478 | ||
| Nonoperating income (expense) | (11,316) | (862) | (4,547) | (6,776) | (6,475) | |||
| Other nonoperating income (expense) | (11,316) | (862) | (6,776) | (6,475) | ||||
| Interest and debt expense | (8,589) | (7,063) | ||||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (6,060) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 87,373 | 140,971 | 108,370 | 113,147 | 198,451 | 200,003 | ||
| Other undisclosed income from continuing operations before income taxes | 6,060 | |||||||
| Income from continuing operations before income taxes: | 87,373 | 140,971 | 108,370 | 119,207 | 198,451 | 200,003 | ||
| Income tax expense | (22,158) | (32,550) | (26,478) | (26,824) | (49,843) | (47,332) | ||
| Income from continuing operations: | 65,215 | 108,421 | 81,892 | 92,383 | 148,608 | 152,671 | ||
| Other undisclosed net income (loss) | 8,589 | |||||||
| Net income available to common stockholders, basic: | 73,804 | 108,421 | 81,892 | 92,383 | 148,608 | 152,671 | ||
| Dilutive securities, effect on basic earnings per share | 2 | |||||||
| Net income available to common stockholders, diluted: | 73,804 | 108,421 | 81,892 | 92,385 | 148,608 | 152,671 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 73,804 | 108,421 | 81,892 | 92,383 | 148,608 | 152,671 | ||
| Other undisclosed comprehensive income (loss) | 1,647 | (1,726) | (3,723) | 2,931 | (3,148) | 2,000 | ||
| Comprehensive income, net of tax, attributable to parent: | 75,451 | 106,695 | 78,169 | 95,314 | 145,460 | 154,671 | ||
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.