Below are the financial statements of Cactus, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2023 as of 2023-12-31 | 2022 as of 2022-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 133.79a | 344.53a |
| Accounts receivable, net of allowance of $3,642 and $1,060, respectively | 205.38a | 138.27a |
| Inventories | 205.63a | 161.28a |
| Prepaid expenses and other current assets | 11.38a | 10.56a |
| Total current assets | 556.18a | 654.64a |
| Property and equipment, net | 345.5a | 130a |
| Operating lease right-of-use assets, net | 23.5a | 23.18a |
| Intangible assets, net | 179.98a | 0a |
| Goodwill | 203.03a | 7.82a |
| Deferred tax asset, net | 204.85a | 301.64a |
| Other noncurrent assets | 9.53a | 1.61a |
| Total assets | 1,522.56a | 1,118.9a |
| Liabilities and equity | — | — |
| Current liabilities | — | — |
| Accounts payable | 71.84a | 47.78a |
| Accrued expenses and other current liabilities | 50.65a | 30.62a |
| Earn-out liability | 20.81a | 0a |
| Current portion of liability related to tax receivable agreement | 20.86a | 27.54a |
| Finance lease obligations, current portion | 7.28a | 5.93a |
| Operating lease liabilities, current portion | 4.22a | 4.78a |
| Total current liabilities | 175.66a | 116.65a |
| Deferred tax liability, net | 3.59a | 1.97a |
| Liability related to tax receivable agreement, net of current portion | 250.07a | 265.03a |
| Finance lease obligations, net of current portion | 9.35a | 6.44a |
| Operating lease liabilities, net of current portion | 19.12a | 18.38a |
| Total liabilities | 457.79a | 408.45a |
| Stockholders’ equity | — | — |
| Preferred stock, $0.01 par value, 10,000 shares authorized, none issued and outstanding | 0a | 0a |
| Class A common stock, $0.01 par value, 300,000 shares authorized, 65,409 and 60,903 shares issued and outstanding | 0.65a | 0.61a |
| Class B common stock, $0.01 par value, 215,000 shares authorized, 14,034 and 14,978 shares issued and outstanding | 0a | 0a |
| Additional paid-in capital | 465.01a | 310.53a |
| Retained earnings | 400.68a | 261.76a |
| Accumulated other comprehensive income (loss) | -0.83a | -0.98a |
| Total stockholders’ equity attributable to Cactus Inc. | 865.52a | 571.92a |
| Non-controlling interest | 199.25a | 138.53a |
| Total stockholders’ equity | 1,064.77a | 710.45a |
| Total liabilities and equity | 1,522.56a | 1,118.9a |
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