XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 270,673 $ 202,603
Accounts receivable, net of allowance of $1,270 and $837, respectively 46,824 87,865
Inventories 90,719 113,371
Prepaid expenses and other current assets 8,450 11,044
Total current assets 416,666 414,883
Property and equipment, net 157,145 161,748
Operating lease right-of-use assets, net 22,500 26,561
Goodwill 7,824 7,824
Deferred tax asset, net 216,732 222,545
Other noncurrent assets 1,285 1,403
Total assets 822,152 834,964
Current liabilities    
Accounts payable 13,288 40,957
Accrued expenses and other current liabilities 13,925 22,067
Current portion of liability related to tax receivable agreement 21,402 14,630
Finance lease obligations, current portion 5,398 6,735
Operating lease liabilities, current portion 4,765 6,737
Total current liabilities 58,778 91,126
Deferred tax liability, net 718 1,348
Liability related to tax receivable agreement, net of current portion 194,101 201,902
Finance lease obligations, net of current portion 2,977 3,910
Operating lease liabilities, net of current portion 17,671 20,283
Total liabilities 274,245 318,569
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.01 par value, 10,000 shares authorized, none issued and outstanding 0 0
Additional paid-in capital 197,484 194,456
Retained earnings 149,356 132,990
Accumulated other comprehensive loss (569) (452)
Total stockholders’ equity attributable to Cactus Inc. 346,746 327,466
Non-controlling interest 201,161 188,929
Total stockholders’ equity 547,907 516,395
Total liabilities and equity 822,152 834,964
Allowance for doubtful accounts receivable $ 1,270 $ 837
Preferred Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Preferred Stock, Shares Authorized 10,000 10,000
Class A Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value $ 475 $ 472
Class B Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value $ 0 $ 0