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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Total revenues $ 145,899 $ 84,417
Costs and expenses    
Selling, general and administrative expenses 14,094 9,627
Total costs and expenses 114,909 72,782
Income from operations 30,990 11,635
Interest expense, net (100) (152)
Other expense, net (1,115) (406)
Income before income taxes 29,775 11,077
Income tax expense (benefit) 2,692 (4,059)
Net income 27,083 15,136
Less: net income attributable to non-controlling interest 6,467 3,577
Net income attributable to Cactus Inc. $ 20,616 $ 11,559
Class A Common Stock    
Earnings per share and weighted average shares outstanding    
Earnings per Class A share - basic (in dollars per share) $ 0.35 $ 0.24
Earnings per Class A share - diluted (in dollars per share) $ 0.34 $ 0.19
Weighted average Class A shares outstanding - basic (in shares) 59,288 49,166
Weighted average Class A shares outstanding - diluted (in shares) 76,162 75,774
Product revenue    
Revenues    
Total revenues $ 94,040 $ 51,956
Costs and expenses    
Cost of revenue 60,920 36,521
Rental revenue    
Revenues    
Total revenues 22,343 12,489
Costs and expenses    
Cost of revenue 15,089 12,171
Field service and other revenue    
Revenues    
Total revenues 29,516 19,972
Costs and expenses    
Cost of revenue $ 24,806 $ 14,463