XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Total revenues $ 158,875 $ 115,110
Costs and expenses    
Selling, general and administrative expenses 12,668 9,114
Total costs and expenses 110,383 79,893
Income from operations 48,492 35,217
Interest income (expense), net 23 (2,852)
Other income (expense), net (1,042) (4,305)
Income before income taxes 47,473 28,060
Income tax expense (benefit) (973) 1,652
Net income 48,446 26,408
Less: pre-IPO net income attributable to Cactus LLC   13,648
Less: net income attributable to non-controlling interest 21,639 9,007
Net income attributable to Cactus Inc. $ 26,807 $ 3,753
Earnings per Class A Share - basic $ 0.69 $ 0.14
Earnings per Class A Share - diluted $ 0.59 $ 0.14
Weighted average Class A Shares outstanding - diluted 75,246 26,648
Product revenue    
Revenues    
Total revenues $ 86,640 $ 58,926
Costs and expenses    
Cost of revenue 53,018 37,066
Rental revenue    
Revenues    
Total revenues 38,497 29,145
Costs and expenses    
Cost of revenue 17,791 12,176
Field service and other revenue    
Revenues    
Total revenues 33,738 27,039
Costs and expenses    
Cost of revenue $ 26,906 $ 21,537
Class A Common Stock    
Costs and expenses    
Earnings per Class A Share - basic $ 0.69 $ 0.14
Earnings per Class A Share - diluted $ 0.59 $ 0.14
Weighted average Class A Shares outstanding - basic 38,719 26,450
Weighted average Class A Shares outstanding - diluted 75,246 26,648