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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total revenues $ 184,481 $ 115,363 $ 500,595 $ 308,673
Costs and expenses        
Selling, general and administrative expenses 15,970 12,149 44,804 33,160
Total costs and expenses 133,185 94,597 374,068 258,958
Income from operations 51,296 20,766 126,527 49,715
Interest income (expense), net 1,140 (299) 1,344 (632)
Other income (expense), net 1,125 0 10 (1,410)
Income before income taxes 53,561 20,467 127,881 47,673
Income tax expense 12,041 3,290 23,498 586
Net income 41,520 17,177 104,383 47,087
Less: net income attributable to non-controlling interest 10,095 4,560 25,198 12,518
Net income attributable to Cactus Inc. $ 31,425 $ 12,617 $ 79,185 $ 34,569
Class A Common Stock        
Earnings per share and weighted average shares outstanding        
Earnings per Class A share - basic (in dollars per share) $ 0.52 $ 0.22 $ 1.32 $ 0.64
Earnings per Class A share - diluted (in dollars per share) $ 0.51 $ 0.21 $ 1.30 $ 0.58
Weighted average Class A shares outstanding - basic (in shares) 60,665 58,248 60,164 54,188
Weighted average Class A shares outstanding - diluted (in shares) 61,106 76,082 76,296 76,045
Product revenue        
Revenues        
Total revenues $ 121,782 $ 74,835 $ 328,054 $ 197,136
Costs and expenses        
Cost of revenue 73,747 49,708 203,839 134,329
Rental revenue        
Revenues        
Total revenues 27,105 15,271 73,143 42,404
Costs and expenses        
Cost of revenue 16,323 13,250 46,740 39,824
Field service and other revenue        
Revenues        
Total revenues 35,594 25,257 99,398 69,133
Costs and expenses        
Cost of revenue $ 27,145 $ 19,490 $ 78,685 $ 51,645