XML 9 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 687 $ 4,615
Accounts receivable, net of allowances for credit losses of $1,306 and $1,169, respectively (Note 9) 134,301 120,353
Inventory 156,956 151,179
Prepaid expenses and other current assets 5,004 9,982
Total current assets 296,948 286,129
Property, plant and equipment, net 706,812 702,616
Operating lease right-of-use assets 18,065 19,480
Finance lease right-of-use assets 23,077 21,871
Intangible assets, net (Note 8) 294,724 302,522
Goodwill (Note 8) 249,692 249,692
Deferred tax asset 10,173 0
Other assets 6,319 6,639
Total assets 1,605,810 1,588,949
Current liabilities    
Accounts payable 31,722 31,321
Accrued expenses 27,132 33,829
Current portion of operating lease obligations 7,530 6,809
Current portion of finance lease obligations 12,162 7,837
Deferred revenue 7,578 8,002
Total current liabilities 86,124 87,798
Long-term liabilities    
Long-term debt, net 181,014 635,916
Tax receivable agreement liability 12,484 0
Operating lease obligations, net of current portion 10,672 12,739
Finance lease obligations, net of current portion 9,934 13,389
Total long-term liabilities 214,104 662,044
Total liabilities 300,228 749,842
Commitments and contingencies (Note 16)
Redeemable non-controlling interests 1,675,676 0
Members' Equity [Abstract]    
Members' equity 0 839,107
Total members' equity 0 839,107
Stockholders' equity (deficit):    
Additional paid-in capital 0 0
Retained earnings (deficit) (370,103) 0
Total stockholders' equity (deficit) to Flowco Holdings Inc. (370,094) 0
Total liabilities, redeemable non-controlling interests and members'/stockholders' equity (deficit) 1,605,810 1,588,949
Class A Common Stock    
Stockholders' equity (deficit):    
Common Stock 3 0
Class B Common Stock    
Stockholders' equity (deficit):    
Common Stock $ 6 $ 0