← ProFrac Holding Corp.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Depreciation, depletion and amortization | $150.7m | $140.7m | $267.3m | $438.4m | $442.2m | $416.3m | |
| Amortization of acquired contract liabilities | — | — | ($6.6m) | ($57.5m) | — | — | |
| Amortization of acquired unfavorable contracts | — | — | ($6.6m) | ($57.5m) | ($46.5m) | ($7.6m) | |
| Amortization of debt issuance costs | $1.9m | $2.2m | $6.7m | $24.3m | $14.5m | $11.7m | |
| Deferred tax expense (benefit) | — | — | $3.7m | $100k | ($10.7m) | ($14.1m) | |
| Impairment of long-lived assets and goodwill | — | — | — | $2.5m | $74.5m | $52.6m | |
| Non-cash loss on extinguishment of debt | — | $500k | $10.7m | $17.4m | $800k | — | |
| Net loss | ($118.5m) | ($43.5m) | $342.7m | ($59.2m) | ($207.8m) | ($355.5m) | |
| Stock-based compensation | — | — | $67.4m | $29.8m | $7.3m | $9.3m | |
| Loss (gain) on insurance recoveries | — | — | — | — | ($4.9m) | $300k | |
| Loss (gain) on disposal of assets, net | $8.4m | $9.8m | $2.1m | ($1.7m) | $300k | $18.1m | |
| Acquisition earnout adjustment | — | — | — | ($6.6m) | $0 | — | |
| Loss (gain) on investments, net | — | — | ($16.5m) | $38.5m | ($400k) | $6.8m | |
| Provision for supply commitment charges | — | — | — | — | $9.6m | — | |
| Provision for credit losses, net of recoveries | — | — | — | $100k | — | $13.7m | |
| Other non-cash items, net | $5.6m | ($1.3m) | $2.0m | — | ($100k) | $1.2m | |
| Accounts receivable | $12.4m | ($89.6m) | ($203.3m) | $204.8m | $55.5m | $26.9m | |
| Inventories | ($3.5m) | ($16.1m) | ($105.1m) | $19.1m | $64.7m | $38.8m | |
| Prepaid expenses and other assets | ($1.0m) | $3.8m | ($26.4m) | $26.5m | ($1.9m) | $6.9m | |
| Accounts payable | ($5.1m) | $31.6m | $42.9m | ($68.2m) | ($7.6m) | ($22.4m) | |
| Accrued expenses | ($5.8m) | $6.1m | $30.1m | ($43.8m) | ($1.3m) | $2.7m | |
| Other liabilities | — | ($300k) | $9.1m | ($8.4m) | ($20.9m) | ($16.2m) | |
| Acquisitions, net of cash acquired | ($1.3m) | ($4.3m) | ($640.7m) | ($454.5m) | ($194.4m) | — | |
| Proceeds from sale of assets | $4.7m | $17.5m | $48.3m | $6.2m | $72.9m | $5.8m | |
| Proceeds from insurance recoveries | — | — | — | — | $6.2m | — | |
| Other | ($600k) | ($2.5m) | ($1.7m) | ($500k) | $0 | ($500k) | |
| Borrowings from revolving credit agreements | $101.2m | $63.5m | $567.9m | $1.6b | $1.9b | $1.8b | |
| Repayments of revolving credit agreements | ($121.2m) | ($35.5m) | ($402.7m) | ($1.7b) | ($1.9b) | ($1.8b) | |
| Cash settlement of vested stock awards | — | — | — | — | — | ($1.2m) | |
| Proceeds from issuance of Series A preferred stock | — | — | — | $50.0m | $0 | — | |
| Payment of stock issuance costs | — | — | ($27.4m) | ($1.1m) | $0 | ($3.4m) | |
| Capital expenditures included in accounts payable | $8.3m | $24.9m | $26.9m | $44.9m | $32.4m | $8.6m | |
| Cash payments for interest | $21.0m | $23.5m | $35.0m | $139.1m | $137.8m | $125.5m | |
| Cash payments for income taxes | $400k | ($200k) | $4.8m | $300k | $3.0m | $2.1m | |
| Net cash provided by operating activities | $45.1m | $43.9m | $415.2m | $553.5m | $367.3m | $189.5m | |
| Investment in property, plant & equipment | ($48.0m) | ($87.4m) | ($356.2m) | ($267.0m) | ($255.0m) | ($169.9m) | |
| Net cash used in investing activities | ($44.6m) | ($78.4m) | ($1.0b) | ($715.8m) | ($372.3m) | ($163.7m) | |
| Proceeds from issuance of long-term debt | $86.4m | $160.3m | $818.9m | $1.2b | $136.7m | $118.5m | |
| Payment of debt issuance costs | ($1.0m) | ($2.0m) | ($38.6m) | ($62.3m) | ($3.6m) | ($1.8m) | |
| Repayments of long-term debt | ($80.1m) | ($146.9m) | ($531.7m) | ($946.7m) | ($157.2m) | ($136.1m) | |
| Proceeds from issuance of common stock | — | — | $329.1m | $0 | $0 | $83.0m | |
| Tax withholding related to net share settlement of noncontrolling interest equity awards | — | — | — | ($800k) | ($1.5m) | ($1.6m) | |
| Net cash provided by (used in) financing activities | ($15.3m) | $36.9m | $645.9m | $149.7m | ($5.5m) | ($17.7m) | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | ($14.8m) | $2.4m | $32.5m | ($12.6m) | ($10.5m) | $8.1m | |
| Cash, cash equivalents, and restricted cash beginning of period | $3.0m | $5.4m | $37.9m | $25.3m | $14.8m | $22.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.