2023 Q4 Form 10-K Financial Statement

#000169402824000006 Filed on February 09, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $1.075B $4.748B $4.149B
YoY Change -12.29% 14.43% 67.93%
Cost Of Revenue $777.3M $3.349B $3.149B
YoY Change -12.75% 6.36% 39.96%
Gross Profit $297.7M $1.399B $1.000B
YoY Change -11.06% 39.83% 352.87%
Gross Profit Margin 27.69% 29.46% 24.11%
Selling, General & Admin $55.30M $221.4M $180.0M
YoY Change 12.65% 22.98% 45.89%
% of Gross Profit 18.57% 15.83% 18.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $118.4M $421.5M $323.0M
YoY Change 34.24% 30.49% 22.94%
% of Gross Profit 39.78% 30.14% 32.3%
Operating Expenses $173.7M $642.9M $503.1M
YoY Change 26.52% 27.8% 30.27%
Operating Profit $124.0M $755.6M $497.1M
YoY Change -37.2% 52.0% -374.31%
Interest Expense -$6.364M -$27.51M -$20.19M
YoY Change -5.8% 36.24% 29.4%
% of Operating Profit -5.13% -3.64% -4.06%
Other Income/Expense, Net -$25.69M -$96.38M
YoY Change -73.35% -2905.03%
Pretax Income $119.2M $734.9M $399.5M
YoY Change -19.86% 83.95% -324.71%
Income Tax $26.82M $178.5M -$793.0K
% Of Pretax Income 22.5% 24.29% -0.2%
Net Earnings $92.38M $556.3M $399.6M
YoY Change -39.57% 39.22% -322.94%
Net Earnings / Revenue 8.59% 11.72% 9.63%
Basic Earnings Per Share $3.24 $2.17
Diluted Earnings Per Share $0.54 $3.15 $2.110M
COMMON SHARES
Basic Shares Outstanding 171.8M shares 184.3M shares
Diluted Shares Outstanding 176.4M shares 189.3M shares

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.78M $36.78M $43.68M
YoY Change -15.78% -15.78% 118.4%
Cash & Equivalents $36.78M $36.78M $43.68M
Short-Term Investments
Other Short-Term Assets $124.1M $124.1M $112.5M
YoY Change 10.31% 10.31% 64.68%
Inventory $205.9M $205.9M $214.5M
Prepaid Expenses
Receivables $587.5M $587.5M $586.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $954.3M $954.3M $956.7M
YoY Change -0.25% -0.25% 51.76%
LONG-TERM ASSETS
Property, Plant & Equipment $1.920B $1.920B $1.501B
YoY Change 27.91% 27.91% 13.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $159.0M $159.0M $117.9M
YoY Change 34.85% 34.85% 55.54%
Total Long-Term Assets $2.079B $2.079B $1.619B
YoY Change 28.41% 28.41% 14.82%
TOTAL ASSETS
Total Short-Term Assets $954.3M $954.3M $956.7M
Total Long-Term Assets $2.079B $2.079B $1.619B
Total Assets $3.034B $3.034B $2.576B
YoY Change 17.77% 17.77% 26.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $572.0M $572.0M $609.8M
YoY Change -6.19% -6.19% 111.15%
Accrued Expenses $67.40M $67.40M $38.69M
YoY Change 74.21% 74.21% -85.46%
Deferred Revenue $5.170M
YoY Change 32.56%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $1.020M
YoY Change -100.0% -100.0% -89.54%
Total Short-Term Liabilities $639.4M $639.4M $649.5M
YoY Change -1.55% -1.55% 14.1%
LONG-TERM LIABILITIES
Long-Term Debt $140.0M $140.0M $217.4M
YoY Change -35.61% -35.61% 72.71%
Other Long-Term Liabilities $310.4M $310.4M $210.7M
YoY Change 47.34% 47.34% 83.95%
Total Long-Term Liabilities $450.4M $450.4M $428.1M
YoY Change 5.21% 5.21% 78.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $639.4M $639.4M $649.5M
Total Long-Term Liabilities $450.4M $450.4M $428.1M
Total Liabilities $1.192B $1.192B $1.081B
YoY Change 10.29% 10.29% 30.64%
SHAREHOLDERS EQUITY
Retained Earnings $752.3M
YoY Change 220.79%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.841B $1.841B $1.495B
YoY Change
Total Liabilities & Shareholders Equity $3.034B $3.034B $2.576B
YoY Change 17.77% 17.77% 26.23%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income $92.38M $556.3M $399.6M
YoY Change -39.57% 39.22% -322.94%
Depreciation, Depletion And Amortization $118.4M $421.5M $323.0M
YoY Change 34.24% 30.49% 22.94%
Cash From Operating Activities $294.8M $1.015B $530.4M
YoY Change 23.99% 91.3% 291.51%
INVESTING ACTIVITIES
Capital Expenditures $138.1M $603.3M $451.9M
YoY Change 10.53% 33.5% -327.32%
Acquisitions $75.66M $0.00
YoY Change
Other Investing Activities -$5.830M -$69.03M $1.249M
YoY Change -171.41% -5626.82% -89.85%
Cash From Investing Activities -$143.9M -$672.3M -$450.7M
YoY Change 23.25% 49.19% 141.65%
FINANCING ACTIVITIES
Cash Dividend Paid $37.68M $9.164M
YoY Change 311.22% 5354.76%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -141.0M -$349.3M -$55.77M
YoY Change 39.05% 526.35% -2812.55%
NET CHANGE
Cash From Operating Activities 294.8M $1.015B $530.4M
Cash From Investing Activities -143.9M -$672.3M -$450.7M
Cash From Financing Activities -141.0M -$349.3M -$55.77M
Net Change In Cash 9.840M -$7.060M $23.94M
YoY Change -49.7% -129.49% -148.88%
FREE CASH FLOW
Cash From Operating Activities $294.8M $1.015B $530.4M
Capital Expenditures $138.1M $603.3M $451.9M
Free Cash Flow $156.7M $411.3M $78.46M
YoY Change 38.89% 424.2% -76.53%

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CY2023 us-gaap Profit Loss
ProfitLoss
556408000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
400302000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
91000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
700000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
556317000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
399602000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-179244000 usd
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.24
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.17
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.03
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.15
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.11
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.03
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
171845000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
184334000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174019000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
176360000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
189349000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174019000 shares
CY2021 us-gaap Profit Loss
ProfitLoss
-187004000 usd
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
203100000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
79000 usd
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2022 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.05
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
125313000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-7097000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
556408000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
400302000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-187004000 usd
CY2023 lbrt Depreciation And Amortization Excluding Amortization Of Debt Issuance Costs
DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts
421514000 usd
CY2022 lbrt Depreciation And Amortization Excluding Amortization Of Debt Issuance Costs
DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts
323028000 usd
CY2021 lbrt Depreciation And Amortization Excluding Amortization Of Debt Issuance Costs
DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts
262757000 usd
CY2023 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
6994000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
4603000 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-779000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
33026000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
23108000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
19946000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
120312000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-12472000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5079000 usd
CY2023 lbrt Gain Loss On Tax Receivable Agreement
GainLossOnTaxReceivableAgreement
1817000 usd
CY2022 lbrt Gain Loss On Tax Receivable Agreement
GainLossOnTaxReceivableAgreement
-76191000 usd
CY2021 lbrt Gain Loss On Tax Receivable Agreement
GainLossOnTaxReceivableAgreement
19039000 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-7111000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-5461000 usd
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-6605000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-19612000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
166605000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
90142000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
19855000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
25522000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
0 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
114000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
84989000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
24612000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
66182000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
56161000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
30955000 usd
CY2023 lbrt Increase Decrease In Prepaid And Other Current Assets Related Parties
IncreaseDecreaseInPrepaidAndOtherCurrentAssetsRelatedParties
0 usd
CY2022 lbrt Increase Decrease In Prepaid And Other Current Assets Related Parties
IncreaseDecreaseInPrepaidAndOtherCurrentAssetsRelatedParties
0 usd
CY2021 lbrt Increase Decrease In Prepaid And Other Current Assets Related Parties
IncreaseDecreaseInPrepaidAndOtherCurrentAssetsRelatedParties
-24708000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-45133000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
57203000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
164036000 usd
CY2023 lbrt Increase Decrease In Accounts Payable And Accrued Liabilities Related Parties
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties
0 usd
CY2022 lbrt Increase Decrease In Accounts Payable And Accrued Liabilities Related Parties
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties
-1864000 usd
CY2021 lbrt Increase Decrease In Accounts Payable And Accrued Liabilities Related Parties
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties
3874000 usd
CY2023 lbrt Operating Lease Liability Prepayment
OperatingLeaseLiabilityPrepayment
3305000 usd
CY2022 lbrt Operating Lease Liability Prepayment
OperatingLeaseLiabilityPrepayment
2713000 usd
CY2021 lbrt Operating Lease Liability Prepayment
OperatingLeaseLiabilityPrepayment
565000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1014583000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
530364000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
135467000 usd
CY2023 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
603298000 usd
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
451905000 usd
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
198794000 usd
CY2023 lbrt Payments To Acquire Intangible Assets Sand Logistics
PaymentsToAcquireIntangibleAssetsSandLogistics
0 usd
CY2022 lbrt Payments To Acquire Intangible Assets Sand Logistics
PaymentsToAcquireIntangibleAssetsSandLogistics
7415000 usd
CY2021 lbrt Payments To Acquire Intangible Assets Sand Logistics
PaymentsToAcquireIntangibleAssetsSandLogistics
13106000 usd
CY2023 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
20283000 usd
CY2022 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
15000000 usd
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
75656000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
26909000 usd
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
23664000 usd
CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
25406000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-672328000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-450656000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1153000000 usd
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
713000000 usd
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
274000000 usd
CY2023 us-gaap Repayments Of Long Term Lines Of Credit
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1128000000 usd
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
616000000 usd
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
256000000 usd
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
256000000 usd
CY2023 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
104716000 usd
CY2022 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
1750000 usd
CY2021 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
1750000 usd
CY2023 lbrt Finance Lease Principal Payments Net Of Interest Expense
FinanceLeasePrincipalPaymentsNetOfInterestExpense
17392000 usd
CY2022 lbrt Finance Lease Principal Payments Net Of Interest Expense
FinanceLeasePrincipalPaymentsNetOfInterestExpense
6947000 usd
CY2021 lbrt Finance Lease Principal Payments Net Of Interest Expense
FinanceLeasePrincipalPaymentsNetOfInterestExpense
7363000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
37684000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
9164000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
168000 usd
CY2023 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
13000 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
CY2023 lbrt Payments For Distributions And Advances To Minority Shareholders
PaymentsForDistributionsAndAdvancesToMinorityShareholders
0 usd
CY2022 lbrt Payments For Distributions And Advances To Minority Shareholders
PaymentsForDistributionsAndAdvancesToMinorityShareholders
-920000 usd
CY2021 lbrt Payments For Distributions And Advances To Minority Shareholders
PaymentsForDistributionsAndAdvancesToMinorityShareholders
-1372000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
203100000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
125313000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023 lbrt Payments For Tax Withholding On Restricted Stock Units
PaymentsForTaxWithholdingOnRestrictedStockUnits
9634000 usd
CY2022 lbrt Payments For Tax Withholding On Restricted Stock Units
PaymentsForTaxWithholdingOnRestrictedStockUnits
9716000 usd
CY2021 lbrt Payments For Tax Withholding On Restricted Stock Units
PaymentsForTaxWithholdingOnRestrictedStockUnits
3585000 usd
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
223000 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
79000 usd
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1330000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
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1566000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
708000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3120000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-349315000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-55770000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2056000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-7060000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
23938000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-48971000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
168000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-260000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-9000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43676000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19998000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
68978000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36784000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43676000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19998000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
66685000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10744000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-9481000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
26651000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
20310000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
13268000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
99165000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
107514000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
57475000 usd
CY2023 lbrt Capital Expenditures Reclassified From Prepaid And Other Current Assets
CapitalExpendituresReclassifiedFromPrepaidAndOtherCurrentAssets
50313000 usd
CY2022 lbrt Capital Expenditures Reclassified From Prepaid And Other Current Assets
CapitalExpendituresReclassifiedFromPrepaidAndOtherCurrentAssets
14922000 usd
CY2021 lbrt Capital Expenditures Reclassified From Prepaid And Other Current Assets
CapitalExpendituresReclassifiedFromPrepaidAndOtherCurrentAssets
0 usd
CY2023 lbrt Capital Expenditures Funded Through Issuance Of Equity
CapitalExpendituresFundedThroughIssuanceOfEquity
0 usd
CY2022 lbrt Capital Expenditures Funded Through Issuance Of Equity
CapitalExpendituresFundedThroughIssuanceOfEquity
0 usd
CY2021 lbrt Capital Expenditures Funded Through Issuance Of Equity
CapitalExpendituresFundedThroughIssuanceOfEquity
91089000 usd
CY2022 us-gaap Depreciation
Depreciation
302300000 usd
CY2021 us-gaap Depreciation
Depreciation
243000000 usd
CY2023 us-gaap Depletion
Depletion
1100000 usd
CY2022 us-gaap Depletion
Depletion
1200000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:6pt;text-indent:22.5pt"><span style="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="margin-bottom:6pt;margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated 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 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="margin-bottom:6pt;margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consolidated financial statements include certain amounts that are based on management’s best estimates and judgments. The most significant estimates relate to the fair value of assets acquired and liabilities assumed, collectability 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, equity unit valuation, deferred taxes, and the tax receivable agreements value. These estimates may be adjusted as more current information becomes available.</span></div>
CY2023 us-gaap Provision For Doubtful Accounts
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800000 usd
CY2022 us-gaap Provision For Doubtful Accounts
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CY2021 us-gaap Provision For Doubtful Accounts
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700000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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1645368000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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1362364000 usd
CY2023 us-gaap Number Of Reporting Units
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1 reportingunit
CY2023 us-gaap Goodwill Impairment Loss
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0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2018Q1 lbrt Tax Receivable Agreement Number Of Agreements
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2 agreement
CY2023 us-gaap Depreciation
Depreciation
387800000 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:6pt;margin-top:6pt;text-indent:22.5pt"><span style="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="margin-bottom:6pt;margin-top:6pt;text-indent:22.5pt"><span style="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 current period financial statement presentation. In the accompanying consolidated balance sheets $2.3 million was reclassified from accrued liabilities to income taxes payable and $3.9 million was reclassified from deferred revenue to accrued liabilities, additionally changes in deferred revenue were reclassified to changes in accounts payable and accrued liabilities in the accompanying consolidated statements of cash flows. </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the accompanying consolidated statements of operations amounts were reclassified from interest income to interest expense, net.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the accompanying consolidated statement of cash flows amounts in the prior period financial statements have been reclassified from amortization of debt issuance costs, inventory write-down, non-cash lease expense, provision for credit-losses, and other non-cash expense, net to other non-cash items, net.</span></div>
CY2023Q4 us-gaap Inventory Net
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205865000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
214454000 usd
CY2023 us-gaap Inventory Write Down
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5800000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
1700000 usd
CY2021 us-gaap Inventory Write Down
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0 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
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2990459000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2345502000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1501685000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1141656000 usd
CY2023Q4 lbrt Property Plant And Equipment Before Construction In Progress Net
PropertyPlantAndEquipmentBeforeConstructionInProgressNet
1488774000 usd
CY2022Q4 lbrt Property Plant And Equipment Before Construction In Progress Net
PropertyPlantAndEquipmentBeforeConstructionInProgressNet
1203846000 usd
CY2023Q4 us-gaap Construction In Progress Gross
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156594000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
158518000 usd
CY2021 us-gaap Depletion
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1200000 usd
CY2023Q4 us-gaap Land Available For Sale
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700000 usd
CY2023Q4 lbrt Real Estate Building Held For Sale
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800000 usd
CY2022 us-gaap Gain Loss On Sale Of Properties
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-1000000 usd
CY2023Q4 lbrt Number Of Property Sold
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1 property
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
19040000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
5827000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6060000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1707000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
40275000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
43214000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
5116000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
4801000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
7717000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
6931000 usd
CY2023 us-gaap Lease Cost
LeaseCost
78208000 usd
CY2022 us-gaap Lease Cost
LeaseCost
62480000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
41143000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
42108000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
23463000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
10889000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
31449000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
25862000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
160546000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
25888000 usd
CY2023 lbrt Finance Lease Right Of Use Asset Write Off
FinanceLeaseRightOfUseAssetWriteOff
0 usd
CY2022 lbrt Finance Lease Right Of Use Asset Write Off
FinanceLeaseRightOfUseAssetWriteOff
3500000 usd
CY2022 lbrt Finance Lease Liability Write Off
FinanceLeaseLiabilityWriteOff
3500000 usd
CY2022 lbrt Operating Lease Right Of Use Asset Increase Decrease
OperatingLeaseRightOfUseAssetIncreaseDecrease
200000 usd
CY2022 lbrt Operating Lease Liability Increase Decrease
OperatingLeaseLiabilityIncreaseDecrease
100000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.060
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.046
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.080
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.082
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
51059000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
31490000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
51103000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
29520000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
53139000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18718000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
27545000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8677000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
19816000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2485000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
12569000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
202662000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
103459000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
29141000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11671000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
173521000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
91788000 usd
CY2023Q4 us-gaap Operating Lease Residual Value Of Leased Asset
OperatingLeaseResidualValueOfLeasedAsset
14600000 usd
CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
138781000 usd
CY2022Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
106087000 usd
CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
25819000 usd
CY2022Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
11408000 usd
CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
112962000 usd
CY2022Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
94679000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
9893000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
5412000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
1919000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
0 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
0 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
0 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
17224000 usd
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
36600000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
25500000 usd
CY2023Q4 lbrt Accrued Vendor Invoices Current
AccruedVendorInvoicesCurrent
99620000 usd
CY2022Q4 lbrt Accrued Vendor Invoices Current
AccruedVendorInvoicesCurrent
119801000 usd
CY2023Q4 lbrt Operational Accruals Current
OperationalAccrualsCurrent
61150000 usd
CY2022Q4 lbrt Operational Accruals Current
OperationalAccrualsCurrent
72348000 usd
CY2023Q4 lbrt Accrued Benefits And Other Current
AccruedBenefitsAndOtherCurrent
100296000 usd
CY2022Q4 lbrt Accrued Benefits And Other Current
AccruedBenefitsAndOtherCurrent
88529000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
261066000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
280678000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
0 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1270000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
140000000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
218446000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1020000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
140000000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
217426000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
140000000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
218446000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
140000000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
140000000 usd
CY2023Q4 us-gaap Land Available For Sale
LandAvailableForSale
700000 usd
CY2023Q4 lbrt Real Estate Building Held For Sale
RealEstateBuildingHeldForSale
800000 usd
CY2023Q4 lbrt Number Of Property Available For Sale
NumberOfPropertyAvailableForSale
1 property
CY2023Q4 us-gaap Assets Held For Sale Long Lived Fair Value Disclosure
AssetsHeldForSaleLongLivedFairValueDisclosure
800000 usd
CY2023Q4 lbrt Number Of Property Available For Sale
NumberOfPropertyAvailableForSale
1 property
CY2023 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 usd
CY2022Q4 us-gaap Land Available For Sale
LandAvailableForSale
1100000 usd
CY2022Q4 lbrt Real Estate Building Held For Sale
RealEstateBuildingHeldForSale
6200000 usd
CY2022Q4 lbrt Number Of Property Available For Sale
NumberOfPropertyAvailableForSale
2 property
CY2022Q4 us-gaap Assets Held For Sale Long Lived Fair Value Disclosure
AssetsHeldForSaleLongLivedFairValueDisclosure
6300000 usd
CY2022 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-1000000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
300000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
300000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36800000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43700000 usd
CY2023 lbrt Contract With Customer Customer Payment Terms
ContractWithCustomerCustomerPaymentTerms
P45D
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
900000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
900000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
900000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
884000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
884000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
773000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
808000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
745000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
753000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
634000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
939000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
884000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
884000 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
171900000 shares
CY2023Q4 lbrt Stock Repurchase Accrued Excise Tax
StockRepurchaseAccruedExciseTax
1900000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
556317000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
399602000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
171845000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
184334000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.24
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.17
CY2023 us-gaap Net Income Loss
NetIncomeLoss
556317000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
399602000 usd
CY2023 us-gaap Dilutive Securities
DilutiveSecurities
73000 usd
CY2022 us-gaap Dilutive Securities
DilutiveSecurities
716000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
556390000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
400318000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
171845000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
184334000 shares
CY2023 lbrt Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Units
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockUnits
4494000 shares
CY2022 lbrt Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Units
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockUnits
4262000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
21000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
753000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
176360000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
189349000 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.15
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.11
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
668338000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
375758000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-191774000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
66552000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
23751000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
13986000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
734890000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
399509000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-177788000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
36319000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4679000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4662000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2579000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
29000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
17189000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4421000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4108000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
58170000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11679000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4137000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
109399000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-12967000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6125000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
11913000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1182000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-439000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1000000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1677000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-607000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
120312000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-12472000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5079000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
178482000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-793000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9216000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
154327000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
83897000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-37336000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
15745000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
10224000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-5204000 usd
CY2023 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
19000 usd
CY2022 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
151000 usd
CY2021 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
-1565000 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1818000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
697000 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
478000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-239000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-2724000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-535000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-91336000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
50111000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-248000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2763000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 usd
CY2023 lbrt Effective Income Tax Rate Reconciliation Nondeductible Executive Compensation Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExecutiveCompensationAmount
6514000 usd
CY2022 lbrt Effective Income Tax Rate Reconciliation Nondeductible Executive Compensation Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExecutiveCompensationAmount
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CY2021 lbrt Effective Income Tax Rate Reconciliation Nondeductible Executive Compensation Amount
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