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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 75,422 $ 344,527
Accounts receivable, net of allowance of $667 and $1,060, respectively 209,442 138,268
Inventories 232,598 161,283
Prepaid expenses and other current assets 9,993 10,564
Total current assets 527,455 654,642
Noncurrent assets    
Property and equipment, net 351,302 129,998
Operating lease right-of-use assets, net 22,028 23,183
Intangible assets, net 196,634 0
Goodwill 201,302 7,824
Deferred tax asset, net 211,460 301,644
Other noncurrent assets 10,086 1,605
Total assets 1,520,267 1,118,896
Current liabilities    
Accounts payable 56,743 47,776
Accrued expenses and other current liabilities 50,766 30,619
Current portion of liability related to tax receivable agreement 27,544 27,544
Finance lease obligations, current portion 7,242 5,933
Operating lease liabilities, current portion 4,521 4,777
Long-term debt, current portion 39,750 0
Total current liabilities 186,566 116,649
Noncurrent liabilities    
Deferred tax liability, net 2,123 1,966
Liability related to tax receivable agreement, net of current portion 261,607 265,025
Finance lease obligations, net of current portion 8,900 6,436
Operating lease liabilities, net of current portion 17,429 18,375
Long-term debt, current portion 111,967 0
Other noncurrent liabilities 5,839 0
Total liabilities 594,431 408,451
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 439,844 310,528
Retained earnings 297,528 261,764
Accumulated other comprehensive loss (764) (984)
Total stockholders’ equity attributable to Cactus Inc. 737,253 571,917
Non-controlling interest 188,583 138,528
Total stockholders’ equity 925,836 710,445
Total liabilities and equity 1,520,267 1,118,896
Class A Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value 645 609
Class B Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value $ 0 $ 0