Cactus, Inc. (WHD) Financial Statements (2025 and earlier)

Company Profile

Business Address 920 MEMORIAL CITY WAY
HOUSTON, TX 77024
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3533 - Oil and Gas Field Machinery and Equipment (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 investments133,792344,527301,669288,659202,60370,841
Cash and cash equivalent133,792344,527301,669288,659202,60370,841
Receivables232,181138,268113,30552,76887,86592,269
Inventory, net of allowances, customer advances and progress billings179,987161,283101,80572,843113,37199,837
Inventory179,987161,283101,80572,843113,37199,837
Other undisclosed current assets10,21810,5641,70610,87211,04411,558
Total current assets:556,178654,642518,485425,142414,883274,505
Noncurrent Assets
Operating lease, right-of-use asset23,49623,18322,53821,99426,561
Property, plant and equipment    142,825161,748142,054
Intangible assets, net (including goodwill)383,0067,8247,8247,8247,8247,824
Goodwill203,0287,8247,8247,8247,8247,824
Intangible assets, net (excluding goodwill)179,978     
Deferred income tax assets204,852301,644303,074216,603222,545
Other noncurrent assets9,5271,6051,0401,2061,4031,308
Other undisclosed noncurrent assets345,502129,998129,117  159,053
Total noncurrent assets:966,383464,254463,593390,452420,081310,239
TOTAL ASSETS:1,522,5611,118,896982,078815,594834,964584,744
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities122,49578,39571,05831,55563,02457,697
Accounts payable71,84147,77642,81820,16340,95742,047
Accrued liabilities50,65430,61928,24011,39222,06715,650
Deferred revenue8,1001,5001,8001,100 
Debt7,2805,9334,8673,82313,4727,353
Business combination, contingent consideration, liability 20,810     
Other undisclosed current liabilities16,97530,82114,84912,43714,6309,574
Total current liabilities:175,660116,64992,57448,91591,12674,624
Noncurrent Liabilities
Long-term debt and lease obligation9,3526,43623,46120,06224,1938,741
Capital lease obligations8,741
Finance lease, liability9,3526,4365,8112,2403,910
Liabilities, other than long-term debt22,71020,3411,1727861,3481,036
Deferred tax liabilities, net1,036
Deferred income tax liabilities3,5891,9661,1727861,348
Other liabilities      
Operating lease, liability19,12118,37517,65017,82220,283
Other undisclosed noncurrent liabilities250,069265,025269,838195,061201,902138,015
Total noncurrent liabilities:282,131291,802294,471215,909227,443147,792
Total liabilities:457,791408,451387,045264,824318,569222,416
Equity
Equity, attributable to parent, including:865,522571,917468,644352,970327,466177,658
Additional paid in capital465,012310,528289,600202,077194,456126,418
Accumulated other comprehensive income (loss)(826)(984)8330(452)(820)
Retained earnings400,682261,764178,446150,086132,99051,683
Other undisclosed equity, attributable to parent654609590477472377
Equity, attributable to noncontrolling interest199,248138,528126,389197,800188,929184,670
Total equity:1,064,770710,445595,033550,770516,395362,328
TOTAL LIABILITIES AND EQUITY:1,522,5611,118,896982,078815,594834,964584,744

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
Revenues1,096,960688,369438,589348,566628,414544,135
Cost of revenue(5,337)(2,739)(3,490)(4,840)(2,552)(1,451)
Cost of product and service sold(5,337)(2,739)(3,490)(4,840)(2,552)(1,451)
Gross profit:1,091,623685,630435,099343,726625,862542,684
Operating expenses(832,594)(513,621)(363,162)(278,527)(445,264)(366,434)
Other undisclosed operating income5,3372,7393,4904,8402,5521,451
Operating income:264,366174,74875,42770,039183,150177,701
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
4,490(1,910)492(555)4,294(4,305)
Interest and debt expense(794)(167)(126)(3)(164)(3,595)
Income from continuing operations before equity method investments, income taxes:268,062172,67175,79369,481187,280169,801
Other undisclosed income (loss) from continuing operations before income taxes(5,686)3,881(648)7041,043 
Income from continuing operations before income taxes:262,376176,55275,14570,185188,323169,801
Income tax expense(47,536)(31,430)(7,675)(10,970)(32,020)(19,520)
Other undisclosed loss from continuing operations      (13,648)
Income from continuing operations:214,840145,12267,47059,215156,303136,633
Income before gain (loss) on sale of properties:67,47059,215156,303136,633
Net income:214,840145,12267,47059,215156,303136,633
Net loss attributable to noncontrolling interest(45,669)(34,948)(17,877)(24,769)(70,691)(84,950)
Net income available to common stockholders, diluted:169,171110,17449,59334,44685,61251,683

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:214,840145,12267,47059,215156,303136,633
Net loss attributable to redeemable noncontrolling interest
Other undisclosed comprehensive income (loss)239(1,308)(567)1,37536812,746
Comprehensive income:215,079143,81466,90360,590156,671149,379
Comprehensive loss, net of tax, attributable to noncontrolling interest(45,750)(34,632)(17,632)(25,362)(70,581)(84,212)
Other undisclosed comprehensive loss, net of tax, attributable to parent      (13,928)
Comprehensive income, net of tax, attributable to parent:169,329109,18249,27135,22886,09051,239

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: