2018 Q4 Form 10-K Financial Statement

#000169402820000019 Filed on February 27, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $473.1M $558.8M $628.1M
YoY Change 5.4% 26.46% 81.15%
Cost Of Revenue $377.6M $418.9M $455.5M
YoY Change 11.28% 27.53% 70.19%
Gross Profit $95.53M $139.9M $172.6M
YoY Change -12.82% 23.36% 118.23%
Gross Profit Margin 20.19% 25.04% 27.48%
Selling, General & Admin $25.40M $24.70M $27.30M
YoY Change 22.71% 11.26% 36.5%
% of Gross Profit 26.59% 17.65% 15.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.18M $32.31M $30.61M
YoY Change 33.31% 33.69% 74.68%
% of Gross Profit 35.78% 23.09% 17.73%
Operating Expenses $59.60M $56.90M $57.90M
YoY Change 28.45% 22.37% 53.99%
Operating Profit $41.55M $82.25M $114.2M
YoY Change -34.08% 22.77% 174.9%
Interest Expense $3.463M $3.648M $3.540M
YoY Change -35.23% 9.68% 40.98%
% of Operating Profit 8.34% 4.44% 3.1%
Other Income/Expense, Net
YoY Change
Pretax Income $38.10M $78.60M $110.7M
YoY Change -33.97% 23.39% 183.85%
Income Tax $4.147M $12.23M $15.93M
% Of Pretax Income 10.88% 15.56% 14.39%
Net Earnings $18.99M $34.09M $49.60M
YoY Change -67.08% -46.45% 27.05%
Net Earnings / Revenue 4.01% 6.1% 7.9%
Basic Earnings Per Share $0.28 $0.50 $0.72
Diluted Earnings Per Share $0.27 $0.49 $0.71
COMMON SHARES
Basic Shares Outstanding 68.55M shares 69.02M shares
Diluted Shares Outstanding 118.5M shares 118.6M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $103.3M $87.10M $83.30M
YoY Change 533.74% 312.8% 13783.33%
Cash & Equivalents $103.3M $87.08M $83.33M
Short-Term Investments
Other Short-Term Assets $49.90M $33.40M $29.20M
YoY Change 133.18% 43.97% 72.78%
Inventory $60.02M $55.84M $62.37M
Prepaid Expenses
Receivables $153.6M $241.3M $221.5M
Other Receivables $15.20M $4.200M $4.200M
Total Short-Term Assets $461.2M $502.1M $518.8M
YoY Change 31.02% 41.83% 77.3%
LONG-TERM ASSETS
Property, Plant & Equipment $627.1M $583.9M $561.0M
YoY Change 26.73% 26.67% 26.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.23M $15.03M $11.75M
YoY Change 432.79% 146.39% 389.63%
Total Long-Term Assets $655.3M $599.0M $572.8M
YoY Change 31.04% 28.23% 28.25%
TOTAL ASSETS
Total Short-Term Assets $461.2M $502.1M $518.8M
Total Long-Term Assets $655.3M $599.0M $572.8M
Total Assets $1.117B $1.101B $1.092B
YoY Change 31.03% 34.09% 47.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $80.49M $95.62M $93.29M
YoY Change 20.41% 3.38% 2.07%
Accrued Expenses $138.9M $107.6M $108.2M
YoY Change -3.81% -10.11% -7.76%
Deferred Revenue $0.00
YoY Change -100.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $385.0K $817.0K $375.0K
YoY Change 3400.0% -97.41%
Total Short-Term Liabilities $219.7M $204.8M $205.7M
YoY Change -0.35% -7.86% -7.84%
LONG-TERM LIABILITIES
Long-Term Debt $106.1M $106.3M $106.8M
YoY Change -45.94% -51.94% -23.36%
Other Long-Term Liabilities $16.80M $2.300M $2.300M
YoY Change
Total Long-Term Liabilities $106.1M $106.3M $106.8M
YoY Change -45.94% -51.94% -23.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $219.7M $204.8M $205.7M
Total Long-Term Liabilities $106.1M $106.3M $106.8M
Total Liabilities $375.7M $357.4M $352.1M
YoY Change -9.87% -19.39% -2.91%
SHAREHOLDERS EQUITY
Retained Earnings $119.3M $103.8M $73.27M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $433.1M $416.7M $423.9M
YoY Change
Total Liabilities & Shareholders Equity $1.117B $1.101B $1.092B
YoY Change 31.03% 34.09% 47.67%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $18.99M $34.09M $49.60M
YoY Change -67.08% -46.45% 27.05%
Depreciation, Depletion And Amortization $34.18M $32.31M $30.61M
YoY Change 33.31% 33.69% 74.68%
Cash From Operating Activities $127.7M $114.4M $78.50M
YoY Change 59.63% 64.6% -302.84%
INVESTING ACTIVITIES
Capital Expenditures -$71.70M -$46.20M -$85.90M
YoY Change 20.71% -2.12% 6.97%
Acquisitions
YoY Change
Other Investing Activities $200.0K $100.0K $2.700M
YoY Change -71.43% -87.5%
Cash From Investing Activities -$71.60M -$46.10M -$83.10M
YoY Change 21.98% -0.65% 3.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.90M -64.60M -10.10M
YoY Change 52.87% 2384.62% -109.46%
NET CHANGE
Cash From Operating Activities 127.7M 114.4M 78.50M
Cash From Investing Activities -71.60M -46.10M -83.10M
Cash From Financing Activities -39.90M -64.60M -10.10M
Net Change In Cash 16.20M 3.700M -14.70M
YoY Change -437.5% -81.95% 20.49%
FREE CASH FLOW
Cash From Operating Activities $127.7M $114.4M $78.50M
Capital Expenditures -$71.70M -$46.20M -$85.90M
Free Cash Flow $199.4M $160.6M $164.4M
YoY Change 43.04% 37.62% 295.19%

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CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
6000 USD
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
17098000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13592000 USD
CY2019 lbrt Stock Issued During Period Value Restricted Stock Award Vesting
StockIssuedDuringPeriodValueRestrictedStockAwardVesting
1039000 USD
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
-5000 USD
CY2019 lbrt Net Income Loss Attributable To Parent Excluding Predecessor
NetIncomeLossAttributableToParentExcludingPredecessor
74864000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
781492000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
392766000 USD
CY2018Q1 lbrt Equity Distributions On Redeemable Securities
EquityDistributionsOnRedeemableSecurities
149000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
8705000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
401322000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
44544000 USD
lbrt Adjustmentsto Additional Paidin Capital Reorganization Deferred Tax Liability Net
AdjustmentstoAdditionalPaidinCapitalReorganizationDeferredTaxLiabilityNet
29287000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
219990000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
25897000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
lbrt Adjustments To Additional Paid In Capital Tax Receivable Agreement Liability
AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiability
2291000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
0 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
21288000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
lbrt Adjustments To Additional Paid In Capital Exchange Effect On Deferred Tax Asset Net
AdjustmentsToAdditionalPaidInCapitalExchangeEffectOnDeferredTaxAssetNet
2592000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5450000 USD
us-gaap Dividends
Dividends
11746000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
82903000 USD
lbrt Net Income Loss Attributable To Parent Excluding Predecessor
NetIncomeLossAttributableToParentExcludingPredecessor
240328000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
740814000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
74864000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
249033000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
168501000 USD
CY2019 lbrt Depreciation And Amortization Excluding Amortization Of Debt Issuance Costs
DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts
165379000 USD
CY2018 lbrt Depreciation And Amortization Excluding Amortization Of Debt Issuance Costs
DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts
125110000 USD
CY2017 lbrt Depreciation And Amortization Excluding Amortization Of Debt Issuance Costs
DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts
81473000 USD
CY2019 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-2601000 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
4342000 USD
CY2017 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-148000 USD
CY2019 lbrt Gain Loss On Tax Receivable Agreement
GainLossOnTaxReceivableAgreement
122000 USD
CY2018 lbrt Gain Loss On Tax Receivable Agreement
GainLossOnTaxReceivableAgreement
0 USD
CY2019 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
1053000 USD
CY2017 lbrt Gain Loss On Tax Receivable Agreement
GainLossOnTaxReceivableAgreement
0 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2205000 USD
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4031000 USD
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2311000 USD
CY2019 us-gaap Inventory Write Down
InventoryWriteDown
1953000 USD
CY2018 us-gaap Inventory Write Down
InventoryWriteDown
3389000 USD
CY2017 us-gaap Inventory Write Down
InventoryWriteDown
259000 USD
CY2019 lbrt Lease Non Cash Portion Expense
LeaseNonCashPortionExpense
3192000 USD
CY2018 lbrt Lease Non Cash Portion Expense
LeaseNonCashPortionExpense
0 USD
CY2017 lbrt Lease Non Cash Portion Expense
LeaseNonCashPortionExpense
0 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
13592000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
5450000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
23408000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
20488000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
0 USD
CY2017 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
0 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11512000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-23074000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
133689000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-5510000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
11096000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-3460000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
30476000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4610000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
27639000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6464000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
32771000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
12611000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
22386000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-26798000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
111352000 USD
CY2019 lbrt Increase Decrease In Accounts Payable And Accrued Liabilities Related Parties
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties
-1000000 USD
CY2018 lbrt Increase Decrease In Accounts Payable And Accrued Liabilities Related Parties
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties
300000 USD
CY2017 lbrt Increase Decrease In Accounts Payable And Accrued Liabilities Related Parties
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties
1544000 USD
CY2019 lbrt Operating Lease Liability Prepayment
OperatingLeaseLiabilityPrepayment
5469000 USD
CY2018 lbrt Operating Lease Liability Prepayment
OperatingLeaseLiabilityPrepayment
0 USD
CY2017 lbrt Operating Lease Liability Prepayment
OperatingLeaseLiabilityPrepayment
0 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
261100000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
351258000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
195109000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
195173000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
258835000 USD
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
311794000 USD
CY2019 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
826000 USD
CY2018 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3343000 USD
CY2017 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1751000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-194347000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-255492000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-310043000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
230174000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2019 lbrt Payments For Redemptionof Redeemable Common Units
PaymentsForRedemptionofRedeemableCommonUnits
0 USD
CY2018 lbrt Payments For Redemptionof Redeemable Common Units
PaymentsForRedemptionofRedeemableCommonUnits
25897000 USD
CY2017 lbrt Payments For Redemptionof Redeemable Common Units
PaymentsForRedemptionofRedeemableCommonUnits
0 USD
CY2019 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 USD
CY2018 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 USD
CY2017 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
171500000 USD
CY2019 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
1750000 USD
CY2018 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
62847000 USD
CY2017 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
57438000 USD
CY2019 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
CY2018 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
CY2017 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
140559000 USD
CY2019 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
CY2018 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
30000000 USD
CY2017 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
158559000 USD
CY2017 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
158559000 USD
CY2019 lbrt Proceeds From Contributions Of Assets
ProceedsFromContributionsOfAssets
0 USD
CY2018 lbrt Proceeds From Contributions Of Assets
ProceedsFromContributionsOfAssets
2115000 USD
CY2017 lbrt Proceeds From Contributions Of Assets
ProceedsFromContributionsOfAssets
0 USD
CY2019 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
12143000 USD
CY2018 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
CY2017 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
119000 USD
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
14776000 USD
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
6907000 USD
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2019 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
7747000 USD
CY2018 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
4671000 USD
CY2017 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2019 lbrt Payments For Distributions And Advances To Minority Shareholders
PaymentsForDistributionsAndAdvancesToMinorityShareholders
6000 USD
CY2018 lbrt Payments For Distributions And Advances To Minority Shareholders
PaymentsForDistributionsAndAdvancesToMinorityShareholders
21288000 USD
CY2017 lbrt Payments For Distributions And Advances To Minority Shareholders
PaymentsForDistributionsAndAdvancesToMinorityShareholders
0 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1039000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
18398000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
82903000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2019 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
CY2018 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
CY2017 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
60000000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
315000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9036000 USD
CY2019 lbrt Proceedsfrom Issuanceof Redeemable Common Units
ProceedsfromIssuanceofRedeemableCommonUnits
0 USD
CY2018 lbrt Proceedsfrom Issuanceof Redeemable Common Units
ProceedsfromIssuanceofRedeemableCommonUnits
0 USD
CY2017 lbrt Proceedsfrom Issuanceof Redeemable Common Units
ProceedsfromIssuanceofRedeemableCommonUnits
39794000 USD
CY2019 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 USD
CY2018 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 USD
CY2017 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
62739000 USD
CY2019 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1516000 USD
CY2018 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
6236000 USD
CY2017 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4191000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-57375000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8775000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
119771000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9378000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
86991000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4837000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103312000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16321000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11484000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112690000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103312000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16321000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1042000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
27263000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
12642000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
13957000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
9766000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
32143000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
45703000 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
18687000 USD
CY2019 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 USD
CY2018 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 USD
CY2017 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
60679000 USD
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:22.5pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates </span></div><div style="text-indent:24.75pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The preparation of consolidated and combined financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated and combined financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div><div style="text-indent:22.5pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The consolidated and combined financial statements include certain amounts that are based on management’s best estimates and judgments. The most significant estimates relate to the collectibility of accounts receivable and estimates of allowance for doubtful accounts, the useful lives and salvage values of long-lived assets, future cash flows associated with long-lived assets, net realizable value of inventory, and equity unit valuation. These estimates may be adjusted as more current information becomes available.</span></div>
CY2018Q1 lbrt Tax Receivable Agreement Number Of Agreements
TaxReceivableAgreementNumberOfAgreements
2 agreement
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
0 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
0 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9200000 USD
CY2019 lbrt Start Up Costs
StartUpCosts
4500000 USD
CY2018 lbrt Start Up Costs
StartUpCosts
10100000 USD
CY2017 lbrt Start Up Costs
StartUpCosts
14000000.0 USD
CY2019 lbrt Number Of Fleets Established
NumberOfFleetsEstablished
1 fleet
CY2018 lbrt Number Of Fleets Established
NumberOfFleetsEstablished
3 fleet
CY2017 lbrt Number Of Fleets Established
NumberOfFleetsEstablished
9 fleet
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-indent:22.5pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Reclassifications </span></div><div style="text-indent:24.75pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements. These reclassifications had no effect on the previously reported net income.</span></div>
CY2019Q4 us-gaap Inventory Net
InventoryNet
88547000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
60024000 USD
CY2019 us-gaap Inventory Write Down
InventoryWriteDown
2000000.0 USD
CY2018 us-gaap Inventory Write Down
InventoryWriteDown
3400000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1080661000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
877625000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
455687000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
307277000 USD
CY2019Q4 lbrt Property Plantand Equipment Before Construction In Progress Net
PropertyPlantandEquipmentBeforeConstructionInProgressNet
624974000 USD
CY2018Q4 lbrt Property Plantand Equipment Before Construction In Progress Net
PropertyPlantandEquipmentBeforeConstructionInProgressNet
570348000 USD
CY2019Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
26729000 USD
CY2018Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
56705000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
651703000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
627053000 USD
CY2019 us-gaap Depreciation
Depreciation
153600000 USD
CY2018 us-gaap Depreciation
Depreciation
124900000 USD
CY2017 us-gaap Depreciation
Depreciation
81500000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
10256000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2652000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
20731000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
3118000 USD
CY2019 us-gaap Lease Cost
LeaseCost
36757000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
40900000 USD
CY2018 us-gaap Operating Lease Expense
OperatingLeaseExpense
20800000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
20849000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
14795000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
70611000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
65333000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y3M18D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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18262000 USD
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CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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3646000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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16017000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
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CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
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10675000 USD
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5191000 USD
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CY2018Q4 us-gaap Long Term Debt
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1750000 USD
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1750000 USD
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106466000 USD
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512000 shares
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906000 shares
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1771000 shares
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602000 shares
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16521000 USD
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55524000 USD
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212926000 USD
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0 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
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86900000 USD
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0 USD
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112700000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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103300000 USD
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CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2017 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
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1053000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
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0 USD
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10000 shares
CY2019Q4 us-gaap Preferred Stock Shares Authorized
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275700000 USD
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30639000 shares
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47492000 shares
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18672000 USD
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1958000 USD
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CY2018 us-gaap Income Tax Reconciliation Minority Interest Income Expense
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1638000 USD
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CY2018Q2 us-gaap Costs And Expenses
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CY2018Q3 us-gaap Costs And Expenses
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CY2018Q4 us-gaap Costs And Expenses
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114211000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
82245000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
41547000 USD
CY2018Q1 us-gaap Interest Expense
InterestExpense
6494000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
3540000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
3648000 USD
CY2018Q4 us-gaap Interest Expense
InterestExpense
3463000 USD
CY2018Q1 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
62066000 USD
CY2018Q2 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
110671000 USD
CY2018Q3 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
78597000 USD
CY2018Q4 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
38084000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8079000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15930000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12229000 USD
CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4147000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
66368000 USD
CY2018Q4 us-gaap Profit Loss
ProfitLoss
33937000 USD
CY2018Q1 lbrt Net Income Loss Attributableto Predecessor
NetIncomeLossAttributabletoPredecessor
8705000 USD
CY2018Q2 lbrt Net Income Loss Attributableto Predecessor
NetIncomeLossAttributabletoPredecessor
0 USD
CY2018Q3 lbrt Net Income Loss Attributableto Predecessor
NetIncomeLossAttributabletoPredecessor
0 USD
CY2018Q4 lbrt Net Income Loss Attributableto Predecessor
NetIncomeLossAttributabletoPredecessor
0 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
21607000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
45146000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
32275000 USD
CY2018Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
14951000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
23675000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
49595000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
34093000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
18986000 USD
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27

Files In Submission

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0001694028-20-000019.txt Edgar Link pending
0001694028-20-000019-xbrl.zip Edgar Link pending
a211listofsubsidiaries.htm Edgar Link pending
a311certification-10xq.htm Edgar Link pending
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deloitteconsentfy2019.htm Edgar Link pending
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