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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Total revenues $ 138,543 $ 81,877 $ 253,653 $ 140,380
Costs and expenses        
Selling, general and administrative expenses 9,851 7,334 18,965 13,437
Total costs and expenses 92,056 59,804 171,949 108,313
Income from operations 46,487 22,073 81,704 32,067
Interest expense, net (248) (5,186) (3,100) (10,172)
Other income (expense), net     (4,305)  
Income before income taxes 46,239 16,887 74,299 21,895
Income tax expense 4,697 309 6,349 463
Net income 41,542 16,578 67,950 21,432
Less: Pre-IPO net income attributable to Cactus LLC   16,578 13,648 21,432
Less: net income attributable to non-controlling interest 29,208   38,215  
Net income attributable to Cactus Inc. $ 12,334   $ 16,087  
Earnings per Class A Share - basic $ 0.47   $ 0.61  
Earnings per Class A Share - diluted $ 0.46   $ 0.60  
Weighted average Class A Shares outstanding - diluted 26,779   26,734  
Product revenue        
Revenues        
Total revenues $ 73,281 45,245 $ 132,207 78,283
Costs and expenses        
Cost of revenue 45,015 29,496 82,081 52,691
Rental revenue        
Revenues        
Total revenues 34,944 18,805 64,089 31,780
Costs and expenses        
Cost of revenue 13,952 9,214 26,128 17,487
Field service and other revenue        
Revenues        
Total revenues 30,318 17,827 57,357 30,317
Costs and expenses        
Cost of revenue $ 23,238 $ 13,760 $ 44,775 $ 24,698
Class A Common Stock        
Costs and expenses        
Earnings per Class A Share - basic $ 0.47   $ 0.61  
Earnings per Class A Share - diluted $ 0.46   $ 0.60  
Weighted average Class A Shares outstanding - basic 26,450,000   26,450,000  
Weighted average Class A Shares outstanding - diluted 26,779,000   26,734,000