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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 301,669 $ 288,659
Accounts receivable, net of allowance of $741 and $598, respectively 89,205 44,068
Inventories 119,817 87,480
Prepaid expenses and other current assets 7,794 4,935
Total current assets 518,485 425,142
Property and equipment, net 129,117 142,825
Operating lease right-of-use assets, net 22,538 21,994
Goodwill 7,824 7,824
Deferred tax asset, net 303,074 216,603
Other noncurrent assets 1,040 1,206
Total assets 982,078 815,594
Current liabilities    
Accounts payable 42,818 20,163
Accrued expenses and other current liabilities 28,240 11,392
Current portion of liability related to tax receivable agreement 11,769 9,290
Finance lease obligations, current portion 4,867 3,823
Operating lease liabilities, current portion 4,880 4,247
Total current liabilities 92,574 48,915
Deferred tax liability, net 1,172 786
Liability related to tax receivable agreement, net of current portion 269,838 195,061
Finance lease obligations, net of current portion 5,811 2,240
Operating lease liabilities, net of current portion 17,650 17,822
Total liabilities 387,045 264,824
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 289,600 202,077
Retained earnings 178,446 150,086
Accumulated other comprehensive income 8 330
Total stockholders’ equity attributable to Cactus Inc. 468,644 352,970
Non-controlling interest 126,389 197,800
Total stockholders’ equity 595,033 550,770
Total liabilities and equity 982,078 815,594
Class A Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value 590 477
Class B Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value $ 0 $ 0