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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 297,741 $ 301,669
Accounts receivable, net of allowance of $616 and $741, respectively 104,211 89,205
Inventories 136,201 119,817
Prepaid expenses and other current assets 8,212 7,794
Total current assets 546,365 518,485
Property and equipment, net 132,746 129,117
Operating lease right-of-use assets, net 21,678 22,538
Goodwill 7,824 7,824
Deferred tax asset, net 316,526 303,074
Other noncurrent assets 1,052 1,040
Total assets 1,026,191 982,078
Current liabilities    
Accounts payable 51,168 42,818
Accrued expenses and other current liabilities 28,746 28,240
Current portion of liability related to tax receivable agreement 11,769 11,769
Finance lease obligations, current portion 5,593 4,867
Operating lease liabilities, current portion 5,181 4,880
Total current liabilities 102,457 92,574
Deferred tax liability, net 1,432 1,172
Liability related to tax receivable agreement, net of current portion 283,620 269,838
Finance lease obligations, net of current portion 7,009 5,811
Operating lease liabilities, net of current portion 16,571 17,650
Total liabilities 411,089 387,045
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 298,893 289,600
Retained earnings 192,493 178,446
Accumulated other comprehensive income 335 8
Total stockholders’ equity attributable to Cactus Inc. 492,323 468,644
Non-controlling interest 122,779 126,389
Total stockholders’ equity 615,102 595,033
Total liabilities and equity 1,026,191 982,078
Class A Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value 602 590
Class B Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value $ 0 $ 0