| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 134,182 | 91,127 | 20,111 | 264,117 |
| Depreciation, depletion, and amortization | 380,089 | 257,108 | 127,742 | 372,886 |
| Loss on disposal of assets, net | -7,766 | -8,976 | -3,345 | -6,105 |
| Stock-based compensation expense | 33,482 | 26,181 | 18,080 | 22,318 |
| Deferred income tax expense | 42,107 | - | - | - |
| Unrealized loss (gain) on investments, net | - | - | - | 4,474 |
| Gain on investments, net | 155,883 | 87,530 | 19,288 | - |
| Cash return on equity method investment | 3,606 | 2,234 | 1,039 | 3,153 |
| Other non-cash items, net | -4,090 | -3,869 | -1,660 | 202 |
| Accounts receivable and unbilled revenue | 39,215 | 69,395 | 8,417 | 33,951 |
| Accounts receivable and unbilled revenuerelated party | -4,234 | -4,234 | -4,234 | -41,471 |
| Inventories | -16,882 | -1,033 | 682 | -6,276 |
| Prepaid and other assets | 63,354 | 26,678 | 15,969 | 40,698 |
| Accounts payable and accrued liabilities | 47,745 | 153,122 | 61,215 | 16,320 |
| Accounts payable and accrued liabilitiesrelated party | -334 | -582 | -579 | - |
| Initial payment of operating lease liability | 1,234 | 992 | 373 | 1,239 |
| Net cash provided by operating activities | 414,163 | 362,707 | 192,118 | 652,082 |
| Purchases of property and equipment and construction in-progress | 390,106 | 271,441 | 133,930 | 447,542 |
| Investment in equity securities | 0 | 0 | - | 16,056 |
| Acquisition of img energy solutions, net of cash received | 15,208 | 15,208 | 15,208 | 0 |
| Sales of equity securities | -80,839 | -80,839 | -29,911 | - |
| Proceeds from sale of assets | 22,148 | 16,517 | 13,052 | 8,633 |
| Net cash used in investing activities | -302,327 | -189,293 | -106,175 | -454,965 |
| Proceeds from borrowings on line-of-credit | 1,350,000 | 695,000 | 493,000 | 1,671,000 |
| Repayments of borrowings on line-of-credit | 1,287,500 | 725,500 | 473,500 | 1,688,000 |
| Repayments of borrowings on term loan | - | - | - | 0 |
| Payments on finance lease obligations | 54,054 | 34,165 | 17,645 | 34,446 |
| Class a common stock dividends and dividend equivalents upon restricted stock vesting | 39,900 | 26,944 | 13,191 | 35,308 |
| Payments pursuant to tax receivable agreements | - | - | 40,757 | - |
| Payments of payables pursuant to tax receivable agreements | 40,757 | 40,757 | - | 5,189 |
| Share repurchases | 24,882 | 24,882 | 23,958 | 99,094 |
| Tax withholding on restricted stock units | 16,835 | 16,835 | 5,798 | 19,767 |
| Payments of equity issuance costs | - | - | - | 0 |
| Payments of debt issuance costs | 4,660 | - | - | 0 |
| Net cash used in financing activities | -118,588 | -174,083 | -81,849 | -210,804 |
| Net decrease in cash and cash equivalents before translation effect | -6,752 | -669 | 4,094 | -13,687 |
| Effect of exchange rate changes on cash | 222 | 248 | 22 | -85 |
| Cash and cash equivalents at beginning of period | 19,984 | 19,984 | 19,984 | 36,784 |
| Cash and cash equivalents at end of period | 13,454 | 19,563 | 24,100 | 23,012 |
Liberty Energy Inc. (LBRT)
Liberty Energy Inc. (LBRT)