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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 273,941 $ 202,603
Accounts receivable, net of allowance of $904 and $837, respectively 40,290 87,865
Inventories 87,702 113,371
Prepaid expenses and other current assets 9,961 11,044
Total current assets 411,894 414,883
Property and equipment, net 148,696 161,748
Operating lease right-of-use assets, net 24,167 26,561
Goodwill 7,824 7,824
Deferred tax asset, net 217,659 222,545
Other noncurrent assets 1,248 1,403
Total assets 811,488 834,964
Current liabilities    
Accounts payable 15,573 40,957
Accrued expenses and other current liabilities 14,565 22,067
Current portion of liability related to tax receivable agreement 8,902 14,630
Finance lease obligations, current portion 4,009 6,735
Operating lease liabilities, current portion 4,948 6,737
Total current liabilities 47,997 91,126
Deferred tax liability, net 792 1,348
Liability related to tax receivable agreement, net of current portion 194,616 201,902
Finance lease obligations, net of current portion 2,286 3,910
Operating lease liabilities, net of current portion 19,237 20,283
Total liabilities 264,928 318,569
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 199,570 194,456
Retained earnings 151,240 132,990
Accumulated other comprehensive loss (266) (452)
Total stockholders’ equity attributable to Cactus Inc. 351,019 327,466
Non-controlling interest 195,541 188,929
Total stockholders’ equity 546,560 516,395
Total liabilities and equity 811,488 834,964
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