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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 309,082 $ 288,659
Accounts receivable, net of allowance of $630 and $598, respectively 71,825 44,068
Inventories 88,382 87,480
Prepaid expenses and other current assets 4,490 4,935
Total current assets 473,779 425,142
Property and equipment, net 136,183 142,825
Operating lease right-of-use assets, net 22,662 21,994
Goodwill 7,824 7,824
Deferred tax asset, net 303,187 216,603
Other noncurrent assets 1,115 1,206
Total assets 944,750 815,594
Current liabilities    
Accounts payable 33,505 20,163
Accrued expenses and other current liabilities 21,379 11,392
Current portion of liability related to tax receivable agreement 9,290 9,290
Finance lease obligations, current portion 4,770 3,823
Operating lease liabilities, current portion 4,616 4,247
Total current liabilities 73,560 48,915
Deferred tax liability, net 587 786
Liability related to tax receivable agreement, net of current portion 275,883 195,061
Finance lease obligations, net of current portion 5,328 2,240
Operating lease liabilities, net of current portion 18,217 17,822
Total liabilities 373,575 264,824
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 278,505 202,077
Retained earnings 162,668 150,086
Accumulated other comprehensive income 217 330
Total stockholders’ equity attributable to Cactus Inc. 441,970 352,970
Non-controlling interest 129,205 197,800
Total stockholders’ equity 571,175 550,770
Total liabilities and equity 944,750 815,594
Class A Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value 580 477
Class B Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value $ 0 $ 0