2021 Q2 Form 10-Q Financial Statement

#000169402821000035 Filed on July 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $581.3M $88.36M
YoY Change 557.85% -83.7%
Cost Of Revenue $522.0M $89.52M
YoY Change 483.07% -79.01%
Gross Profit $59.33M -$1.156M
YoY Change -5232.53% -101.0%
Gross Profit Margin 10.21% -1.31%
Selling, General & Admin $29.40M $15.90M
YoY Change 84.92% -33.75%
% of Gross Profit 49.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $63.21M $44.93M
YoY Change 40.69% 11.3%
% of Gross Profit 106.54%
Operating Expenses $92.62M $60.90M
YoY Change 52.08% -5.43%
Operating Profit -$36.00M -$73.54M
YoY Change -51.04% -243.63%
Interest Expense -$3.767M $3.656M
YoY Change -203.04% 1.64%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$36.47M -$77.20M
YoY Change -52.76% -262.18%
Income Tax $16.00M -$11.40M
% Of Pretax Income
Net Earnings -$50.56M -$45.77M
YoY Change 10.46% -307.75%
Net Earnings / Revenue -8.7% -51.8%
Basic Earnings Per Share -$0.29 -$0.55
Diluted Earnings Per Share -$0.29 -$0.55
COMMON SHARES
Basic Shares Outstanding 172.5M shares 83.29M shares
Diluted Shares Outstanding 172.5M shares 83.29M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.71M $124.5M
YoY Change -75.33% 283.08%
Cash & Equivalents $30.70M $124.5M
Short-Term Investments
Other Short-Term Assets $62.72M $25.50M
YoY Change 145.95% 25.62%
Inventory $120.0M $81.17M
Prepaid Expenses
Receivables $337.2M $58.57M
Other Receivables $0.00 $1.300M
Total Short-Term Assets $668.7M $299.7M
YoY Change 123.13% -38.34%
LONG-TERM ASSETS
Property, Plant & Equipment $1.077B $613.1M
YoY Change 75.64% -5.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $75.15M $30.70M
YoY Change 144.74% -8.54%
Total Long-Term Assets $1.306B $751.4M
YoY Change 73.86% -8.07%
TOTAL ASSETS
Total Short-Term Assets $668.7M $299.7M
Total Long-Term Assets $1.306B $751.4M
Total Assets $1.975B $1.051B
YoY Change 87.91% -19.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $182.9M $27.38M
YoY Change 567.89% -74.67%
Accrued Expenses $256.7M $57.60M
YoY Change 345.63% -60.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $375.0K $353.0K
YoY Change 6.23% -11.08%
Total Short-Term Liabilities $491.1M $101.0M
YoY Change 386.51% -62.71%
LONG-TERM LIABILITIES
Long-Term Debt $105.2M $105.6M
YoY Change -0.36% -0.73%
Other Long-Term Liabilities $142.2M $96.80M
YoY Change 46.94% 51.01%
Total Long-Term Liabilities $105.2M $105.6M
YoY Change -0.36% -0.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $491.1M $101.0M
Total Long-Term Liabilities $105.2M $105.6M
Total Liabilities $745.7M $331.2M
YoY Change 125.17% -35.18%
SHAREHOLDERS EQUITY
Retained Earnings -$61.48M $94.82M
YoY Change -164.84% -37.75%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.217B $531.8M
YoY Change
Total Liabilities & Shareholders Equity $1.975B $1.051B
YoY Change 87.91% -19.35%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$50.56M -$45.77M
YoY Change 10.46% -307.75%
Depreciation, Depletion And Amortization $63.21M $44.93M
YoY Change 40.69% 11.3%
Cash From Operating Activities $8.066M $96.40M
YoY Change -91.63% 100.0%
INVESTING ACTIVITIES
Capital Expenditures -$42.46M -$25.10M
YoY Change 69.17% -60.84%
Acquisitions
YoY Change
Other Investing Activities $366.0K $200.0K
YoY Change 83.0% 0.0%
Cash From Investing Activities -$42.10M -$24.90M
YoY Change 69.06% -61.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.875M -3.500M
YoY Change 39.29% -66.98%
NET CHANGE
Cash From Operating Activities 8.066M 96.40M
Cash From Investing Activities -42.10M -24.90M
Cash From Financing Activities -4.875M -3.500M
Net Change In Cash -38.90M 68.00M
YoY Change -157.21% -358.56%
FREE CASH FLOW
Cash From Operating Activities $8.066M $96.40M
Capital Expenditures -$42.46M -$25.10M
Free Cash Flow $50.53M $121.5M
YoY Change -58.41% 8.19%

Facts In Submission

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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83292000 shares
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-232000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167891000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82472000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
172523000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83292000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
167891000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82472000 shares
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-52472000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-65835000 USD
us-gaap Profit Loss
ProfitLoss
-91088000 USD
us-gaap Profit Loss
ProfitLoss
-63418000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1288000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2698000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-51184000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-65835000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-63418000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1760000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-20064000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-6079000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-19367000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-49424000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-45771000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-82311000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-44051000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2020Q2 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.05
us-gaap Profit Loss
ProfitLoss
-91088000 USD
us-gaap Profit Loss
ProfitLoss
-63418000 USD
lbrt Depreciation And Amortization Excluding Amortization Of Debt Issuance Costs
DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts
125270000 USD
lbrt Depreciation And Amortization Excluding Amortization Of Debt Issuance Costs
DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts
89762000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
997000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1137000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1106000 USD
us-gaap Inventory Write Down
InventoryWriteDown
0 USD
us-gaap Inventory Write Down
InventoryWriteDown
770000 USD
lbrt Lease Non Cash Portion Expense
LeaseNonCashPortionExpense
1409000 USD
lbrt Lease Non Cash Portion Expense
LeaseNonCashPortionExpense
1999000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10846000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8407000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6124000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6124000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-11268000 USD
lbrt Gain Loss On Tax Receivable Agreements
GainLossOnTaxReceivableAgreements
3305000 USD
lbrt Gain Loss On Tax Receivable Agreements
GainLossOnTaxReceivableAgreements
-169000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
745000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
4678000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
141439000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-171398000 USD
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-8314000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10586000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-6610000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4757000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-21410000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
132846000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-142643000 USD
lbrt Operating Lease Liability Prepayment
OperatingLeaseLiabilityPrepayment
153000 USD
lbrt Operating Lease Liability Prepayment
OperatingLeaseLiabilityPrepayment
895000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35566000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
96631000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
67861000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
70460000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1966000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
463000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-65895000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-69997000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
50000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
50000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
875000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
875000 USD
lbrt Finance Lease Principal Payments Net Of Interest Expense
FinanceLeasePrincipalPaymentsNetOfInterestExpense
4064000 USD
lbrt Finance Lease Principal Payments Net Of Interest Expense
FinanceLeasePrincipalPaymentsNetOfInterestExpense
4965000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
168000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
4262000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1532000 USD
lbrt Payments For Distributions And Advances To Minority Shareholders
PaymentsForDistributionsAndAdvancesToMinorityShareholders
-1372000 USD
lbrt Payments For Distributions And Advances To Minority Shareholders
PaymentsForDistributionsAndAdvancesToMinorityShareholders
2783000 USD
lbrt Payments For Restricted Stock Unit Vesting
PaymentsForRestrictedStockUnitVesting
3586000 USD
lbrt Payments For Restricted Stock Unit Vesting
PaymentsForRestrictedStockUnitVesting
403000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
854000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8175000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14820000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-38504000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
11814000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
236000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
68978000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112690000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30710000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
124504000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Interest Paid Net
InterestPaidNet
5326000 USD
us-gaap Interest Paid Net
InterestPaidNet
5649000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
22364000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7855000 USD
us-gaap Inventory Write Down
InventoryWriteDown
800000 USD
CY2021Q2 lbrt Transaction Costs
TransactionCosts
1500000 USD
lbrt Transaction Costs
TransactionCosts
9100000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
120015000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
118568000 USD
CY2021Q2 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2020Q2 us-gaap Inventory Write Down
InventoryWriteDown
100000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
19654000 USD
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1669780000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1589762000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
734875000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
622530000 USD
CY2021Q2 lbrt Property Plantand Equipment Before Construction In Progress Net
PropertyPlantandEquipmentBeforeConstructionInProgressNet
934905000 USD
CY2020Q4 lbrt Property Plantand Equipment Before Construction In Progress Net
PropertyPlantandEquipmentBeforeConstructionInProgressNet
967232000 USD
CY2021Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
141994000 USD
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
153718000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1076899000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1120950000 USD
CY2021Q2 us-gaap Depreciation
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58100000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
42300000 USD
us-gaap Depreciation
Depreciation
114800000 USD
us-gaap Depreciation
Depreciation
83900000 USD
CY2021Q2 us-gaap Depletion
Depletion
300000 USD
us-gaap Depletion
Depletion
600000 USD
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1557000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2139000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3352000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4793000 USD
CY2021Q2 lbrt Finance Lease Interest On Lease Liabilities
FinanceLeaseInterestOnLeaseLiabilities
434000 USD
CY2020Q2 lbrt Finance Lease Interest On Lease Liabilities
FinanceLeaseInterestOnLeaseLiabilities
462000 USD
lbrt Finance Lease Interest On Lease Liabilities
FinanceLeaseInterestOnLeaseLiabilities
971000 USD
lbrt Finance Lease Right Of Use Asset Write Off
FinanceLeaseRightOfUseAssetWriteOff
6300000 USD
lbrt Finance Lease Interest On Lease Liabilities
FinanceLeaseInterestOnLeaseLiabilities
1058000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
9566000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
6199000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
16833000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
11670000 USD
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1286000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
776000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1843000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1571000 USD
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1695000 USD
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
2004000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 USD
CY2021Q2 us-gaap Lease Cost
LeaseCost
14538000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
9576000 USD
us-gaap Lease Cost
LeaseCost
25003000 USD
us-gaap Lease Cost
LeaseCost
19092000 USD
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
8854000 USD
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
5052000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
15284000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
10484000 USD
CY2021Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2172000 USD
CY2020Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2957000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5035000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
6023000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
59175000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
14428000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
59206000 USD
lbrt Finance Lease Liability Write Off
FinanceLeaseLiabilityWriteOff
4900000 USD
lbrt Operating Lease Right Of Use Asset Increase Decrease
OperatingLeaseRightOfUseAssetIncreaseDecrease
5400000 USD
lbrt Operating Lease Liability Increase Decrease
OperatingLeaseLiabilityIncreaseDecrease
4100000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10M24D
CY2021Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y3M18D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.059
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.058
CY2021Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1745000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
2440000 USD
CY2021Q2 us-gaap Long Term Debt
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CY2020Q4 us-gaap Long Term Debt
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CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
106466000000 USD
CY2021Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
375000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
364000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
105221000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
105411000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
105596000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
105775000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
11490000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
21065000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
8491000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
33788000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
4356000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
22226000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18600000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16409000 USD
CY2021Q2 lbrt Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
0 USD
CY2021Q2 lbrt Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
26250000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
24337000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
138338000 USD
CY2021Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
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1424000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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14765000 USD
CY2021Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
22913000 USD
CY2021Q2 us-gaap Operating Lease Liability
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123573000 USD
CY2021Q2 us-gaap Operating Lease Residual Value Of Leased Asset
OperatingLeaseResidualValueOfLeasedAsset
9600000 USD
CY2021Q2 lbrt Accrued Vendor Invoices Current
AccruedVendorInvoicesCurrent
155451000 USD
CY2020Q4 lbrt Accrued Vendor Invoices Current
AccruedVendorInvoicesCurrent
61210000 USD
CY2021Q2 lbrt Operational Accruals Current
OperationalAccrualsCurrent
43427000 USD
CY2020Q4 lbrt Operational Accruals Current
OperationalAccrualsCurrent
28932000 USD
CY2021Q2 lbrt Accrued Benefits And Other Current
AccruedBenefitsAndOtherCurrent
57804000 USD
CY2020Q4 lbrt Accrued Benefits And Other Current
AccruedBenefitsAndOtherCurrent
28241000 USD
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
256682000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
118383000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
875000000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
107341000000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
300000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
21300000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30700000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
69000000.0 USD
lbrt Customer Payment Terms Period
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CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1500000 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4900000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
773000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
773000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
745000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10800000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4300000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8400000 USD
CY2021Q2 us-gaap Net Income Loss
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CY2020Q2 us-gaap Net Income Loss
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-45771000 USD
us-gaap Net Income Loss
NetIncomeLoss
-84765000 USD
us-gaap Net Income Loss
NetIncomeLoss
-44051000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
172523000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83292000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167891000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82472000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.53
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-50560000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-45771000 USD
us-gaap Net Income Loss
NetIncomeLoss
-84765000 USD
us-gaap Net Income Loss
NetIncomeLoss
-44051000 USD
CY2021Q2 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2020Q2 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
us-gaap Dilutive Securities
DilutiveSecurities
0 USD
us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-50560000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-45771000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-84765000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-44051000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
172523000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83292000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167891000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82472000 shares
CY2021Q2 lbrt Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Units
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockUnits
0 shares
CY2020Q2 lbrt Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Units
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockUnits
0 shares
lbrt Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Units
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockUnits
0 shares
lbrt Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Units
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockUnits
0 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q2 us-gaap Purchase Obligation
PurchaseObligation
48484000 USD
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
172523000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83292000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
167891000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82472000 shares
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.53
us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
-0.105
us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.149
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16000000.0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8600000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-11400000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-11100000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
5400000 USD
CY2018Q1 lbrt Tax Receivable Agreement Number Of Agreements
TaxReceivableAgreementNumberOfAgreements
2 agreement
us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2020Q4 lbrt Accrued Income Taxes Related Parties Noncurrent
AccruedIncomeTaxesRelatedPartiesNoncurrent
27200000 USD
CY2021Q2 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
29681000 USD
CY2021Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
16678000 USD
CY2021Q2 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
2125000 USD
CY2021Q2 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
0 USD
CY2021Q2 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
0 USD
CY2021Q2 lbrt Purchase Obligation To Be Paid After Year Four
PurchaseObligationToBePaidAfterYearFour
0 USD

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