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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 246,503 $ 133,792
Accounts receivable, net of allowance of $4,277 and $3,642, respectively 205,024 205,381
Inventories 206,730 205,625
Prepaid expenses and other current assets 10,764 11,380
Total current assets 669,021 556,178
Property and equipment, net 343,525 345,502
Operating lease right-of-use assets, net 23,239 23,496
Intangible assets, net 171,984 179,978
Goodwill 203,028 203,028
Deferred tax asset, net 206,409 204,852
Other noncurrent assets 9,187 9,527
Total assets 1,626,393 1,522,561
Current liabilities    
Accounts payable 63,760 71,841
Accrued expenses and other current liabilities 61,022 50,654
Earn-out liability 36,990 20,810
Current portion of liability related to tax receivable agreement 5,578 20,855
Finance lease obligations, current portion 7,087 7,280
Operating lease liabilities, current portion 4,186 4,220
Total current liabilities 178,623 175,660
Deferred tax liability, net 2,887 3,589
Liability related to tax receivable agreement, net of current portion 259,550 250,069
Finance lease obligations, net of current portion 9,372 9,352
Operating lease liabilities, net of current portion 18,953 19,121
Other noncurrent liabilities 2,212 0
Total liabilities 471,597 457,791
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 481,960 465,012
Retained earnings 473,391 400,682
Accumulated other comprehensive loss (1,340) (826)
Total stockholders’ equity attributable to Cactus Inc. 954,676 865,522
Non-controlling interest 200,120 199,248
Total stockholders’ equity 1,154,796 1,064,770
Total liabilities and equity 1,626,393 1,522,561
Class A Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value 665 654
Class B Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value $ 0 $ 0