10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-18-004743 |
| Period End Date | 20180331 |
| Filing Date | 20180511 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | whd-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.57M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$8.69M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.86M | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
10.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.17M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$84.17M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$84.80M | USD | Point-in-time |
| Preferred stock, shares issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Inventories |
InventoryGross
|
$64.45M | USD | Point-in-time |
| Inventories |
InventoryGross
|
$69.53M | USD | Point-in-time |
| Preferred stock, shares outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$5.56M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$7.73M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$167.76M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$163.93M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$109.49M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$94.65M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$7.82M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$7.82M | USD | Point-in-time |
| Deferred tax asset, net |
DeferredTaxAssetsNetNoncurrent
|
$73.22M | USD | Point-in-time |
| Deferred tax asset, net |
DeferredTaxAssetsNetNoncurrent
|
$74.10M | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsNoncurrent
|
$48.00K | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsNoncurrent
|
$49.00K | USD | Point-in-time |
| Total assets |
Assets
|
$266.46M | USD | Point-in-time |
| Total assets |
Assets
|
$358.33M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$38.58M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$35.08M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$10.56M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$14.58M | USD | Point-in-time |
| Capital lease obligations, current portion |
CapitalLeaseObligationsCurrent
|
$4.67M | USD | Point-in-time |
| Capital lease obligations, current portion |
CapitalLeaseObligationsCurrent
|
$5.58M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$2.57M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$52.87M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$58.74M | USD | Point-in-time |
| Capital lease obligations, net of current portion |
CapitalLeaseObligationsNoncurrent
|
$8.81M | USD | Point-in-time |
| Capital lease obligations, net of current portion |
CapitalLeaseObligationsNoncurrent
|
$7.95M | USD | Point-in-time |
| Deferred tax liability, net |
DeferredTaxLiabilitiesNoncurrent
|
$489.00K | USD | Point-in-time |
| Deferred tax liability, net |
DeferredTaxLiabilitiesNoncurrent
|
$416.00K | USD | Point-in-time |
| Liability related to tax receivable agreement |
TaxReceivableAgreementLiabilityNonCurrent
|
$63.00M | USD | Point-in-time |
| Liability related to tax receivable agreement |
TaxReceivableAgreementLiabilityNonCurrent
|
$62.99M | USD | Point-in-time |
| Long-term debt, net |
LongTermDebt
|
$241.44M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$131.02M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$302.67M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Members' equity (deficit) |
MembersCapital
|
$-36.30M | USD | Point-in-time |
| Preferred stock, $0.01 par value, 10,000 shares authorized, none issued and outstanding, respectively |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock, $0.01 par value, 10,000 shares authorized, none issued and outstanding, respectively |
PreferredStockValue
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$83.14M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$3.75M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$321.00K | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$82.00K | USD | Point-in-time |
| Total stockholders' equity attributable to Cactus Inc. and members' equity (deficit) |
StockholdersEquity
|
$-36.22M | USD | Point-in-time |
| Total stockholders' equity attributable to Cactus Inc. and members' equity (deficit) |
StockholdersEquity
|
$87.48M | USD | Point-in-time |
| Non-controlling interest |
MinorityInterest
|
$139.83M | USD | Point-in-time |
| Total stockholders' and members' equity (deficit) |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-36.22M | USD | Point-in-time |
| Total stockholders' and members' equity (deficit) |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$227.31M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$266.46M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$358.33M | USD | Point-in-time |
Income Statement
24 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total revenues |
RevenueFromContractWithCustomerIncludingAssessedTax
|
$115.11M | USD | 1 Quarter |
| Total revenues |
RevenueFromContractWithCustomerIncludingAssessedTax
|
$58.50M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$6.10M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$9.11M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$79.89M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$48.51M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$35.22M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$9.99M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$2.85M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$4.99M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-4.30M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$28.06M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$5.01M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$154.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$1.65M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$26.41M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$4.85M | USD | 1 Quarter |
| Less: Pre-IPO net income attributable to Cactus LLC |
NetIncomeLossAttributableToLimitedLiabilityCompany
|
$4.85M | USD | 1 Quarter |
| Less: Pre-IPO net income attributable to Cactus LLC |
NetIncomeLossAttributableToLimitedLiabilityCompany
|
$13.65M | USD | 1 Quarter |
| Less: net income attributable to non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$9.01M | USD | 1 Quarter |
| Net income attributable to Cactus Inc. |
NetIncomeLoss
|
$3.75M | USD | 1 Quarter |
| Earnings per Class A Share - basic |
EarningsPerShareBasic
|
$0.14 | USD | 1 Quarter |
| Earnings per Class A Share - diluted |
EarningsPerShareDiluted
|
$0.14 | USD | 1 Quarter |
| Weighted average Class A Shares outstanding - diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
26,648.00 | shares | 1 Quarter |
Cash Flow Statement
53 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$26.41M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$4.85M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$5.31M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$6.62M | USD | 1 Quarter |
| Debt discount and deferred loan cost amortization |
AmortizationOfFinancingCostsAndDiscounts
|
$438.00K | USD | 1 Quarter |
| Debt discount and deferred loan cost amortization |
AmortizationOfFinancingCostsAndDiscounts
|
$219.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$834.00K | USD | 1 Quarter |
| Inventory obsolescence |
InventoryWriteDown
|
$451.00K | USD | 1 Quarter |
| Loss on disposal of assets |
GainLossOnDispositionOfAssets1
|
$-235.00K | USD | 1 Quarter |
| Loss on disposal of assets |
GainLossOnDispositionOfAssets1
|
$-29.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$963.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$29.00K | USD | 1 Quarter |
| Loss on debt extinguishment |
GainsLossesOnExtinguishmentOfDebt
|
$-4.30M | USD | 1 Quarter |
| Loss on debt extinguishment |
GainsLossesOnExtinguishmentOfDebt
|
$-4.30M | USD | Point-in-time |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$9.00M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$419.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$5.59M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$7.65M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$1.14M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$56.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$12.51M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$792.00K | USD | 1 Quarter |
| Accrued expenses and other liabilities |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$341.00K | USD | 1 Quarter |
| Accrued expenses and other liabilities |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$4.01M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$38.56M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$5.93M | USD | 1 Quarter |
| Capital expenditures |
PaymentsForCapitalExpenditures
|
$16.13M | USD | 1 Quarter |
| Capital expenditures |
PaymentsForCapitalExpenditures
|
$8.58M | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSaleOfProductiveAssets
|
$440.00K | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSaleOfProductiveAssets
|
$83.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-15.69M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-8.50M | USD | 1 Quarter |
| Principal payments on long-term debt |
RepaymentsOfLongTermDebt
|
$248.53M | USD | 1 Quarter |
| Principal payments on long-term debt |
RepaymentsOfLongTermDebt
|
$642.00K | USD | 1 Quarter |
| Payments on capital leases |
RepaymentsOfLongTermCapitalLeaseObligations
|
$1.27M | USD | 1 Quarter |
| Payments on capital leases |
RepaymentsOfLongTermCapitalLeaseObligations
|
$319.00K | USD | 1 Quarter |
| Net proceeds from IPO |
ProceedsFromIssuanceInitialPublicOffering
|
$469.62M | USD | 1 Quarter |
| Distributions to members |
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid
|
$26.04M | USD | 1 Quarter |
| Redemptions of CW Units |
RepaymentsOfUnitsRedeemed
|
$216.43M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-22.64M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-961.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$48.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$12.00K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$286.00K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-3.52M | USD | 1 Quarter |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.57M | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$8.69M | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.86M | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.17M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.86M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.57M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$8.69M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.17M | USD | Point-in-time |
Stockholders Equity
15 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance at the beginning of the period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-36.22M | USD | Point-in-time |
| Balance at the beginning of the period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$227.31M | USD | Point-in-time |
| Member distributions prior to IPO |
DistributionMadeToLimitedLiabilityCompanyLlcMemberPriorToIpo
|
$26.00M | USD | 1 Quarter |
| Member distributions prior to IPO |
DistributionMadeToLimitedLiabilityCompanyLlcMemberPriorToIpo
|
$26.00M | USD | Point-in-time |
| Net income prior to IPO and reorganization |
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestPriorToIpo
|
$13.65M | USD | 1 Quarter |
| Effect of IPO and reorganization |
AdjustmentOfCapitalDueToReorganization
|
$250.97M | USD | 1 Quarter |
| Member distributions after IPO |
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
|
$41.00K | USD | 1 Quarter |
| Additional paid-in capital related to tax receivable agreement |
AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreement
|
$11.12M | USD | 1 Quarter |
| Additional paid-in capital related to tax receivable agreement |
AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreement
|
$11.10M | USD | Point-in-time |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$177.00K | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$239.00K | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
$834.00K | USD | 1 Quarter |
| Net income after IPO and reorganization |
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAfterIpo
|
$12.76M | USD | 1 Quarter |
| Balance at the end of the period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-36.22M | USD | Point-in-time |
| Balance at the end of the period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$227.31M | USD | Point-in-time |
Comprehensive Income
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$26.41M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$4.85M | USD | 1 Quarter |
| Foreign currency translation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$177.00K | USD | 1 Quarter |
| Foreign currency translation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$239.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$26.65M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$5.03M | USD | 1 Quarter |
| Less: Pre-IPO comprehensive income attributable to Cactus LLC |
ComprehensiveIncomeNetOfTaxAttributableToLimitedLiabilityCompany
|
$13.93M | USD | 1 Quarter |
| Less: Pre-IPO comprehensive income attributable to Cactus LLC |
ComprehensiveIncomeNetOfTaxAttributableToLimitedLiabilityCompany
|
$5.03M | USD | 1 Quarter |
| Less: comprehensive income attributable to non-controlling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$8.98M | USD | 1 Quarter |
| Comprehensive income attributable to Cactus Inc. |
ComprehensiveIncomeNetOfTax
|
$3.74M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.