| | | | | | | | | | | |
| Liberty Energy Inc. |
| Condensed Consolidated Balance Sheets |
| (unaudited, amounts in thousands) |
| March 31, | | December 31, |
| 2025 | | 2024 |
| Assets | |
| Current assets: | | | |
| Cash and cash equivalents | $ | 24,100 | | | $ | 19,984 | |
| Accounts receivable and unbilled revenue | 544,274 | | | 539,856 | |
| Inventories | 202,865 | | | 203,469 | |
| Prepaids and other current assets | 87,271 | | | 85,214 | |
| Total current assets | 858,510 | | | 848,523 | |
| Property and equipment, net | 1,926,060 | | | 1,890,998 | |
| Operating and finance lease right-of-use assets | 370,501 | | | 356,435 | |
| Other assets | 131,382 | | | 119,402 | |
| Investment in equity securities | 69,369 | | | 81,036 | |
| Total assets | $ | 3,355,822 | | | $ | 3,296,394 | |
| Liabilities and Equity | | | |
| Current liabilities: | | | |
| Accounts payable and accrued liabilities | $ | 613,278 | | | $ | 571,305 | |
| Current portion of operating and finance lease liabilities | 103,281 | | | 95,218 | |
| | | |
| Total current liabilities | 716,559 | | | 666,523 | |
| Long-term debt | 210,000 | | | 190,500 | |
| Long-term operating and finance lease liabilities | 250,243 | | | 247,888 | |
| Deferred tax liability | 137,728 | | | 137,728 | |
| Payable pursuant to tax receivable agreements | 67,180 | | | 74,886 | |
| Total liabilities | 1,381,710 | | | 1,317,525 | |
| | | |
Stockholders’ equity: | | | |
| Common stock | 1,608 | | | 1,619 | |
| Additional paid in capital | 965,665 | | | 977,484 | |
| Retained earnings | 1,026,519 | | | 1,019,517 | |
| Accumulated other comprehensive loss | (19,680) | | | (19,751) | |
Total stockholders’ equity | 1,974,112 | | | 1,978,869 | |
| | | |
| | | |
| Total liabilities and equity | $ | 3,355,822 | | | $ | 3,296,394 | |
