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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 63,738 $ 344,527
Accounts receivable, net of allowance of $3,187 and $1,060, respectively 206,251 138,268
Inventories 203,517 161,283
Prepaid expenses and other current assets 19,442 10,564
Total current assets 492,948 654,642
Noncurrent assets    
Property and equipment, net 345,222 129,998
Operating lease right-of-use assets, net 19,969 23,183
Intangible assets, net 183,974 0
Goodwill 200,723 7,824
Deferred tax asset, net 211,535 301,644
Other noncurrent assets 9,779 1,605
Total assets 1,464,150 1,118,896
Current liabilities    
Accounts payable 65,217 47,776
Accrued expenses and other current liabilities 60,713 30,619
Earn-out liability 18,892 0
Current portion of liability related to tax receivable agreement 20,855 27,544
Finance lease obligations, current portion 7,543 5,933
Operating lease liabilities, current portion 4,147 4,777
Total current liabilities 177,367 116,649
Noncurrent liabilities    
Deferred tax liability, net 1,469 1,966
Liability related to tax receivable agreement, net of current portion 250,256 265,025
Finance lease obligations, net of current portion 9,239 6,436
Operating lease liabilities, net of current portion 15,748 18,375
Total liabilities 454,079 408,451
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 462,302 310,528
Retained earnings 359,699 261,764
Accumulated other comprehensive loss (1,647) (984)
Total stockholders’ equity attributable to Cactus Inc. 821,008 571,917
Non-controlling interest 189,063 138,528
Total stockholders’ equity 1,010,071 710,445
Total liabilities and equity 1,464,150 1,118,896
Class A Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value 654 609
Class B Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value $ 0 $ 0