XML 22 R3.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 344,527 $ 301,669
Accounts receivable, net of allowance of $1,060 and $741, respectively 138,268 89,205
Inventories 161,283 119,817
Prepaid expenses and other current assets 10,564 7,794
Total current assets 654,642 518,485
Property and equipment, net 129,998 129,117
Operating lease right-of-use assets, net 23,183 22,538
Goodwill 7,824 7,824
Deferred tax asset, net 301,644 303,074
Other noncurrent assets 1,605 1,040
Total assets 1,118,896 982,078
Current liabilities    
Accounts payable 47,776 42,818
Accrued expenses and other current liabilities 30,619 28,240
Current portion of liability related to tax receivable agreement 27,544 11,769
Finance lease obligations, current portion 5,933 4,867
Operating lease liabilities, current portion 4,777 4,880
Total current liabilities 116,649 92,574
Deferred tax liability, net 1,966 1,172
Liability related to tax receivable agreement, net of current portion 265,025 269,838
Finance lease obligations, net of current portion 6,436 5,811
Operating lease liabilities, net of current portion 18,375 17,650
Total liabilities 408,451 387,045
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 310,528 289,600
Retained earnings 261,764 178,446
Accumulated other comprehensive income (loss) (984) 8
Total stockholders’ equity attributable to Cactus Inc. 571,917 468,644
Non-controlling interest 138,528 126,389
Total stockholders’ equity 710,445 595,033
Total liabilities and equity 1,118,896 982,078
Class A Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value 609 590
Class B Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value $ 0 $ 0