← Solaris Energy Infrastructure, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $3.6m | $63.4m | $25.1m | $66.9m | $60.4m | $36.5m | $8.8m | $5.8m | $114.3m | $353.3m | |
| Prepaid Expense and Other Assets, Current | $403k | $3.6m | $5.5m | $5.0m | $2.2m | $9.8m | $5.2m | $4.3m | $8.4m | $12.2m | |
| Cash and cash equivalents | $3.6m | $63.4m | $25.1m | $66.9m | $60.4m | $36.5m | $8.8m | $5.8m | $114.3m | $353.3m | |
| Accounts receivable, net of allowances of $681 and $681, respectively | $4.5m | $13.0m | $39.7m | $38.6m | $18.2m | $33.1m | $64.5m | $47.3m | $71.8m | $103.1m | |
| Prepaid expenses and other current assets | $403k | $3.6m | $5.5m | $5.0m | $2.2m | $9.8m | $5.2m | $4.3m | $8.4m | $12.2m | |
| Non-current inventories | — | — | — | — | $3.3m | $2.7m | $1.6m | $1.6m | $1.7m | $1.3m | |
| Non-current receivables, net of allowance of $341 and $654, respectively | — | — | — | — | — | — | — | — | $1.1m | $0 | |
| Inventory, Net | $1.4m | $7.5m | $10.5m | $7.1m | $954k | $1.7m | $5.3m | $6.7m | $10.9m | $14.4m | |
| Assets, Current | $9.8m | $87.6m | $80.8m | $117.6m | $81.7m | $81.1m | $88.7m | $67.1m | $251.0m | $483.0m | |
| Total current assets | $9.8m | $87.6m | $80.8m | $117.6m | $81.7m | $81.1m | $88.7m | $67.1m | $251.0m | $483.0m | |
| Property, Plant and Equipment, Net | $54.4m | $151.2m | $296.5m | $306.6m | $245.9m | $240.1m | $298.2m | $325.1m | $298.8m | $271.2m | |
| Goodwill | $13.0m | $17.2m | $17.2m | $17.2m | $13.0m | $13.0m | $13.0m | $13.0m | $104.0m | $105.4m | |
| Intangible Assets, Net (Excluding Goodwill) | $36k | $5.3m | $4.5m | $3.8m | $3.0m | $2.2m | $1.4m | $702k | $71.5m | $59.8m | |
| Intangible assets, net | $36k | $5.3m | $4.5m | $3.8m | $3.0m | $2.2m | $1.4m | $702k | $71.5m | $59.8m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $7.9m | $4.7m | $4.2m | $4.0m | $10.7m | $10.0m | $10.6m | |
| Other Assets, Noncurrent | — | $260k | $1.5m | $625k | $463k | $57k | $268k | $342k | $1.3m | $15.1m | |
| Operating lease right-of-use assets | — | — | — | $7.9m | $4.7m | $4.2m | $4.0m | $10.7m | $10.0m | $10.6m | |
| Other assets | — | $260k | $1.5m | $625k | $463k | $57k | $268k | $342k | $1.3m | $15.1m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $4.5m | $13.0m | $39.7m | $38.6m | $18.2m | $33.1m | $64.5m | — | — | $103.1m | |
| Accrued Liabilities, Current | $2.1m | $15.5m | $12.7m | $14.4m | $12.0m | $16.9m | $25.3m | $20.3m | $23.2m | $67.6m | |
| Restricted cash | — | — | — | — | — | — | — | — | $45.6m | $0 | |
| Equipment held for lease, net | — | — | — | — | — | — | — | — | $339.9m | $1.1b | |
| Deferred tax assets | — | $25.5m | $24.6m | $51.4m | $59.8m | $62.9m | $55.4m | $48.0m | $43.6m | $122.6m | |
| Payables related to Tax Receivable Agreement, current portion | — | — | — | — | — | — | — | — | $3.6m | $1.8m | |
| Finance lease liabilities, current portion | — | — | $35k | $30k | $30k | $31k | $1.9m | $2.5m | $2.3m | $2.1m | |
| Operating lease liabilities, current portion | — | — | — | $596k | $647k | $717k | $917k | $1.4m | $1.6m | $2.2m | |
| Other current liabilities | — | — | $515k | $74k | $75k | $496k | $790k | $408k | $717k | $2.3m | |
| Convertible notes | — | — | — | — | — | — | — | — | $0 | $880.4m | |
| Payables related to Tax Receivable Agreement, net of current portion | — | — | — | — | — | — | — | $71.5m | $73.7m | $74.5m | |
| Operating lease liabilities, net of current portion | — | — | — | $7.9m | $7.4m | $6.7m | $6.2m | $11.5m | $8.1m | $8.2m | |
| Finance lease liabilities, net of current portion | — | — | $154k | $130k | $100k | $70k | $3.4m | $2.4m | $1.2m | $2.1m | |
| Non-controlling interest | — | $116.3m | $138.9m | $145.8m | $114.2m | $94.7m | $101.4m | $109.6m | $311.1m | $262.9m | |
| Assets | $77.2m | $287.1m | $458.6m | $505.1m | $411.9m | $406.2m | $462.6m | $468.3m | $1.1b | $2.1b | |
| Total assets | $77.2m | $287.1m | $425.2m | $505.1m | $411.9m | $406.2m | $462.6m | $468.3m | $1.1b | $2.1b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total liabilities and stockholders' equity | $77.2m | $287.1m | $425.2m | $505.1m | $411.9m | $406.2m | $462.6m | $468.3m | $1.1b | $2.1b | |
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $596k | $647k | $717k | $917k | $1.4m | $1.6m | $2.2m | |
| Accounts Payable, Current | $705k | $5.0m | $9.1m | $3.8m | $6.9m | $9.9m | $25.9m | $12.7m | $21.1m | $77.5m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $7.9m | $7.4m | $6.7m | $6.2m | $11.5m | $8.1m | $8.2m | |
| Deferred Revenue, Current | — | — | $13.0m | — | — | — | — | — | $4.9m | $5.8m | |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | — | — | — | — | $307.6m | $180.0m | |
| Long-term Debt, Current Maturities | — | — | — | — | — | — | — | — | $8.1m | $4.0m | |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | — | — | — | — | $307.6m | $180.0m | |
| Long-term debt, current portion | — | — | — | — | — | — | — | — | $8.1m | $4.0m | |
| Long-term debt, net of current portion | — | — | — | — | — | — | — | $30.0m | $307.6m | $180.0m | |
| Liabilities, Current | $3.1m | $20.5m | $35.3m | $20.4m | $20.2m | $29.3m | $55.9m | $37.2m | $65.5m | $163.3m | |
| Total current liabilities | $3.1m | $20.5m | $35.3m | $20.4m | $20.2m | $29.3m | $55.9m | $37.2m | $65.5m | $163.3m | |
| Deferred Income Tax Liabilities, Net | — | — | — | — | — | — | — | — | — | $7.4m | |
| Other Liabilities, Noncurrent | — | — | — | $460k | $594k | $384k | $367k | $44k | $44k | $44k | |
| Deferred tax liabilities | — | — | — | — | — | — | — | — | $7.6m | $7.4m | |
| Other long-term liabilities | — | $145k | $633k | $460k | $594k | $384k | $367k | $44k | $44k | $44k | |
| Liabilities | $5.9m | $45.5m | $117.7m | $95.4m | $96.4m | $108.3m | $145.4m | $152.7m | $456.2m | $1.3b | |
| Total liabilities | $5.9m | $45.5m | $117.7m | $95.4m | $96.4m | $108.3m | $145.4m | $152.7m | $456.2m | $1.3b | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | — | — | — | — | — | — | — | — | — | $0 | |
| Additional Paid in Capital | — | $121.7m | $164.1m | $191.8m | $180.4m | $196.9m | $202.6m | $188.4m | $337.6m | $537.8m | |
| Retained Earnings (Accumulated Deficit) | $2.1m | $3.6m | $35.5m | $74.2m | $20.5m | $5.9m | $12.8m | $17.3m | $17.7m | $26.1m | |
| Preferred stock, $0.01 par value, 50,000 shares authorized, none issued and outstanding | — | — | — | — | — | — | — | — | 0 | 0 | |
| Stockholders' Equity Attributable to Parent | $71.3m | $125.3m | $198.4m | $263.8m | $201.3m | $203.1m | $215.7m | $206.0m | $355.6m | $564.3m | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | $116.3m | $142.4m | $145.8m | $114.2m | $94.7m | $101.4m | $109.6m | $311.1m | $262.9m | |
| Total stockholders' equity attributable to Solaris Energy Infrastructure, Inc. | $71.3m | $125.3m | $168.5m | $263.8m | $201.3m | $203.1m | $215.7m | $206.0m | $355.6m | $564.3m | |
| Total stockholders' equity | $71.3m | $241.6m | $307.4m | $409.7m | $315.5m | $297.9m | $317.1m | $315.6m | $666.7m | $827.3m | |
| Liabilities and Equity | $77.2m | $287.1m | $458.6m | $505.1m | $411.9m | $406.2m | $462.6m | $468.3m | $1.1b | $2.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.