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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Total revenues $ 150,658 $ 96,027 $ 404,311 $ 236,407
Costs and expenses        
Selling, general and administrative expenses 11,051 7,096 30,016 20,533
Total costs and expenses 98,525 67,968 270,474 176,281
Income from operations 52,133 28,059 133,837 60,126
Interest expense, net (270) (5,279) (3,370) (15,451)
Other income (expense), net     (4,305)  
Income before income taxes 51,863 22,780 126,162 44,675
Income tax expense 8,215 479 14,564 942
Net income 43,648 22,301 111,598 43,733
Less: pre-IPO net income attributable to Cactus LLC   22,301 13,648 43,733
Less: net income attributable to non-controlling interest 24,976   63,191  
Net income attributable to Cactus Inc. $ 18,672   $ 34,759  
Earnings per Class A Share - basic $ 0.52   $ 1.15  
Earnings per Class A Share - diluted $ 0.52   $ 1.14  
Weighted average Class A Shares outstanding - diluted 36,229   30,522  
Product revenue        
Revenues        
Total revenues $ 79,388 53,680 $ 211,595 131,963
Costs and expenses        
Cost of revenue 46,816 33,873 128,897 86,564
Rental revenue        
Revenues        
Total revenues 38,135 21,199 102,224 52,979
Costs and expenses        
Cost of revenue 15,349 10,686 41,477 28,173
Field service and other revenue        
Revenues        
Total revenues 33,135 21,148 90,492 51,465
Costs and expenses        
Cost of revenue $ 25,309 $ 16,313 $ 70,084 $ 41,011
Class A Common Stock        
Costs and expenses        
Earnings per Class A Share - basic $ 0.52   $ 1.15  
Earnings per Class A Share - diluted $ 0.52   $ 1.14  
Weighted average Class A Shares outstanding - basic 35,821,000   30,182,000  
Weighted average Class A Shares outstanding - diluted 36,229,000   30,522,000