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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 320,623 $ 301,669
Accounts receivable, net of allowance of $901 and $741, respectively 131,748 89,205
Inventories 162,730 119,817
Prepaid expenses and other current assets 11,849 7,794
Total current assets 626,950 518,485
Property and equipment, net 130,099 129,117
Operating lease right-of-use assets, net 22,232 22,538
Goodwill 7,824 7,824
Deferred tax asset, net 306,789 303,074
Other noncurrent assets 1,307 1,040
Total assets 1,095,201 982,078
Current liabilities    
Accounts payable 62,398 42,818
Accrued expenses and other current liabilities 31,659 28,240
Current portion of liability related to tax receivable agreement 27,696 11,769
Finance lease obligations, current portion 5,757 4,867
Operating lease liabilities, current portion 4,677 4,880
Total current liabilities 132,187 92,574
Deferred tax liability, net 2,099 1,172
Liability related to tax receivable agreement, net of current portion 260,844 269,838
Finance lease obligations, net of current portion 6,837 5,811
Operating lease liabilities, net of current portion 17,584 17,650
Total liabilities 419,551 387,045
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 307,698 289,600
Retained earnings 237,551 178,446
Accumulated other comprehensive income (loss) (1,617) 8
Total stockholders’ equity attributable to Cactus Inc. 544,239 468,644
Non-controlling interest 131,411 126,389
Total stockholders’ equity 675,650 595,033
Total liabilities and equity 1,095,201 982,078
Class A Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value 607 590
Class B Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value $ 0 $ 0