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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 194,257 $ 133,792
Accounts receivable, net of allowance of $3,803 and $3,642, respectively 207,624 205,381
Inventories 204,049 205,625
Prepaid expenses and other current assets 11,027 11,380
Total current assets 616,957 556,178
Noncurrent assets    
Property and equipment, net 344,973 345,502
Operating lease right-of-use assets, net 24,429 23,496
Intangible assets, net 175,981 179,978
Goodwill 203,028 203,028
Deferred tax asset, net 201,037 204,852
Other noncurrent assets 9,482 9,527
Total assets 1,575,887 1,522,561
Current liabilities    
Accounts payable 66,142 71,841
Accrued expenses and other current liabilities 58,284 50,654
Earn-out liability 34,114 20,810
Current portion of liability related to tax receivable agreement 20,855 20,855
Finance lease obligations, current portion 7,181 7,280
Operating lease liabilities, current portion 4,094 4,220
Total current liabilities 190,670 175,660
Noncurrent liabilities    
Deferred tax liability, net 3,743 3,589
Liability related to tax receivable agreement, net of current portion 250,069 250,069
Finance lease obligations, net of current portion 9,529 9,352
Operating lease liabilities, net of current portion 20,283 19,121
Other noncurrent liabilities 1,004 0
Total liabilities 475,298 457,791
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 462,464 465,012
Retained earnings 431,703 400,682
Accumulated other comprehensive loss (1,456) (826)
Total stockholders’ equity attributable to Cactus Inc. 893,366 865,522
Non-controlling interest 207,223 199,248
Total stockholders’ equity 1,100,589 1,064,770
Total liabilities and equity 1,575,887 1,522,561
Class A Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value 655 654
Class B Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value $ 0 $ 0