| | |
Per Share
|
| |
Total(2)
|
| ||||||
Price to the public
|
| | | $ | 53.50 | | | | | $ | 150,000,036 | | |
承保折扣和佣金(1)
|
| | | $ | 2.14 | | | | | $ | 6,000,001 | | |
未扣除费用的收益给我们
|
| | | $ | 51.36 | | | | | $ | 144,000,035 | | |
|
BofA Securities
|
| |
Piper
Sandler |
| |
TPH&Co.
|
| |
Barclays
|
| |
Citigroup
|
|
|
Johnson Rice & Company L.L.C.
|
| |
Pickering Energy Partners
|
| |
Stifel
|
|
| | |
Page
|
| |||
ABOUT THIS PROSPECTUS
|
| | | | S-ii | | |
有关前瞻性陈述的警示声明
|
| | | | S-iv | | |
SUMMARY | | | | | S-1 | | |
THE OFFERING
|
| | | | S-8 | | |
RISK FACTORS
|
| | | | S-10 | | |
USE OF PROCEEDS
|
| | | | S-13 | | |
CAPITALIZATION | | | | | S-14 | | |
注册人普通股市场
|
| | | | S-15 | | |
美国联邦所得税对非美国持有者的重大后果
|
| | | | S-16 | | |
UNDERWRITING | | | | | S-20 | | |
LEGAL MATTERS
|
| | | | S-26 | | |
EXPERTS | | | | | S-26 | | |
可用信息
|
| | | | S-26 | | |
通过引用合并的信息
|
| | | | S-26 | | |
|
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
|
ABOUT CACTUS, INC.
|
| | | | 1 | | |
|
通过引用合并某些文件
|
| | | | 2 | | |
|
可用信息
|
| | | | 2 | | |
|
有关前瞻性陈述的警示声明
|
| | | | 4 | | |
|
RISK FACTORS
|
| | | | 6 | | |
|
USE OF PROCEEDS
|
| | | | 7 | | |
|
股本说明
|
| | | | 8 | | |
|
存托股份说明
|
| | | | 12 | | |
|
认股权证说明
|
| | | | 13 | | |
|
债务证券说明
|
| | | | 14 | | |
|
赎回CW单位和B类普通股
|
| | | | 17 | | |
|
SELLING STOCKHOLDERS
|
| | | | 18 | | |
|
PLAN OF DISTRIBUTION
|
| | | | 20 | | |
|
LEGAL MATTERS
|
| | | | 22 | | |
|
EXPERTS
|
| | | | 22 | | |
| | |
Pro Forma
|
| |
Historical
|
| ||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Year Ended December 31,
|
| |||||||||||||||
(in thousands)
|
| |
Nine Months
Ended September 30, 2022 |
| |
Year Ended
December 31, 2021 |
| |
Nine Months
Ended September 30, 2022 |
| |
Nine Months
Ended September 30, 2021 |
| |
2021
|
| |
2020
|
| |
2019
|
| |||||||||||||||||||||
合并损益表
Data: |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Revenues
|
| | | $ | 766,045 | | | | | $ | 674,168 | | | | | $ | 500,595 | | | | | $ | 308,673 | | | | | $ | 438,589 | | | | | $ | 348,566 | | | | | $ | 628,414 | | |
Income from operations
|
| | | | 163,402 | | | | | | 43,650 | | | | | | 126,527 | | | | | | 49,715 | | | | | | 75,427 | | | | | | 70,039 | | | | | | 183,150 | | |
Net income
|
| | | | 122,705 | | | | | | 24,638 | | | | | | 104,383 | | | | | | 47,087 | | | | | | 67,470 | | | | | | 59,215 | | | | | | 156,303 | | |
现金流量数据合并表:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
投资活动中使用的净现金
|
| | | | — | | | | | | — | | | | | | (19,496) | | | | | | (8,417) | | | | | | (11,633) | | | | | | (18,147) | | | | | | (55,948) | | |
合并资产负债表数据(期末):
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | | 77,375 | | | | | | — | | | | | | 320,623 | | | | | | 301,974 | | | | | | 301,669 | | | | | | 288,659 | | | | | | 202,603 | | |
Long-term debt, net
|
| | | | 254,420 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Other: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EBITDA (unaudited)(1)
|
| | | | 217,797 | | | | | | 117,207 | | | | | | 152,528 | | | | | | 75,785 | | | | | | 112,227 | | | | | | 110,004 | | | | | | 226,298 | | |
Adjusted EBITDA (unaudited)(1)
|
| | | | 239,705 | | | | | | 178,360 | | | | | | 160,552 | | | | | | 83,741 | | | | | | 120,355 | | | | | | 121,022 | | | | | | 228,999 | | |
| | |
Pro Forma
|
| |
Historical
|
| ||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Year Ended December 31,
|
| |||||||||||||||
(in thousands)
|
| |
Nine Months
Ended September 30, 2022 |
| |
Year Ended
December 31, 2021 |
| |
Nine Months
Ended September 30, 2022 |
| |
Nine Months
Ended September 30, 2021 |
| |
2021
|
| |
2020
|
| |
2019
|
| |||||||||||||||||||||
Net income
|
| | | $ | 122,705 | | | | | $ | 24,638 | | | | | $ | 104,383 | | | | | $ | 47,087 | | | | | $ | 67,470 | | | | | $ | 59,215 | | | | | $ | 156,303 | | |
Interest (income) expense, net
|
| | | | 13,372 | | | | | | 19,918 | | | | | | (1,344) | | | | | | 632 | | | | | | 774 | | | | | | (701) | | | | | | (879) | | |
Income tax expense (benefit)
|
| | | | 28,211 | | | | | | (349) | | | | | | 23,498 | | | | | | 586 | | | | | | 7,675 | | | | | | 10,970 | | | | | | 32,020 | | |
折旧及摊销
|
| | | | 53,509 | | | | | | 73,000 | | | | | | 25,991 | | | | | | 27,480 | | | | | | 36,308 | | | | | | 40,520 | | | | | | 38,854 | | |
EBITDA (unaudited)
|
| | | | 217,797 | | | | | | 117,207 | | | | | | 152,528 | | | | | | 75,785 | | | | | | 112,227 | | | | | | 110,004 | | | | | | 226,298 | | |
Severance expenses(1)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,864 | | | | | | — | | |
其他营业外(收入)费用(2)
|
| | | | (10) | | | | | | (898) | | | | | | (10) | | | | | | 1,004 | | | | | | (898) | | | | | | 555 | | | | | | (5,336) | | |
二次发售相关费用
|
| | | | — | | | | | | 406 | | | | | | — | | | | | | 406 | | | | | | 406 | | | | | | — | | | | | | 1,042 | | |
FlexSteel管理层长期激励计划费用
|
| | | | 12,536 | | | | | | 8,365 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
以交易相关股票为基础的
compensation |
| | | | 1,348 | | | | | | 3,430 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
与交易相关的库存增加费用(3)
|
| | | | — | | | | | | 23,689 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
与交易相关的其他费用(4)
|
| | | | — | | | | | | 17,541 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Stock-based compensation
|
| | | | 8,034 | | | | | | 8,620 | | | | | | 8,034 | | | | | | 6,546 | | | | | | 8,620 | | | | | | 8,599 | | | | | | 6,995 | | |
Adjusted EBITDA (unaudited)
|
| | | $ | 239,705 | | | | | $ | 178,360 | | | | | $ | 160,552 | | | | | $ | 83,741 | | | | | $ | 120,355 | | | | | $ | 121,022 | | | | | $ | 228,999 | | |
| | |
As of
September 30, 2022 |
| |||||||||||||||
(单位为千,每股数据除外)
|
| |
Actual
|
| |
As Adjusted
|
| |
Pro Forma
|
| |||||||||
| | |
(unaudited)
|
| |||||||||||||||
现金和现金等价物
|
| | | $ | 320,623 | | | | | $ | 464,623 | | | | | $ | 101,375(2) | | |
Long-term debt(1)
|
| | | $ | — | | | | | $ | — | | | | | $ | 254,420 | | |
Stockholders’ equity: | | | | | | | | | | | | | | | | | | | |
优先股,面值0.01美元;授权发行10,000股,未发行或未发行股份
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | |
A类普通股,面值0.01美元;授权股份300,000股,实际已发行和已发行股份60,719股;调整后已发行和已发行股份63,523股;预计已发行和已发行股份63,649股
|
| | | | 607 | | | | | | 635 | | | | | | 636 | | |
Class B common stock, $0.01 par value; 215,000 shares
授权,15,159股已发行和流通股,实际; 15,159股已发行和已发行股票,调整后为15,159股 已发行和已发行股份,形式上 |
| | | | — | | | | | | — | | | | | | — | | |
新增实收资本
|
| | | | 307,698 | | | | | | 432,914 | | | | | | 417,800 | | |
Retained earnings
|
| | | | 237,551 | | | | | | 237,551 | | | | | | 221,947 | | |
累计其他综合收益
|
| | | | (1,617) | | | | | | (1,617) | | | | | | (1,617) | | |
仙人掌公司股东权益合计
|
| | | | 544,239 | | | | | | 669,483 | | | | | | 638,766 | | |
非控股权益
|
| | | | 131,411 | | | | | | 154,375 | | | | | | 175,017 | | |
股东权益总额
|
| | | $ | 675,650 | | | | | $ | 823,858 | | | | | $ | 813,783 | | |
Total capitalization
|
| | | $ | 675,650 | | | | | $ | 823,858 | | | | | $ | 1,068,203 | | |
Underwriters:
|
| |
Number of
Underwritten Securities to be Purchased |
| |||
摩根大通证券有限责任公司
|
| | | | 1,121,496 | | |
美国银行证券公司
|
| | | | 420,561 | | |
Piper Sandler & Co.
|
| | | | 280,374 | | |
都铎,皮克林,Holt&Co.Securities,LLC
|
| | | | 280,374 | | |
巴克莱资本公司
|
| | | | 210,280 | | |
花旗全球市场公司。
|
| | | | 210,280 | | |
强生大米公司
|
| | | | 93,458 | | |
PEP咨询有限责任公司
|
| | | | 93,458 | | |
尼古拉斯公司Stifel,Inc.
|
| | | | 93,458 | | |
Total
|
| | | | 2,803,739 | | |
|
Paid by Cactus
|
| |
No Exercise
|
| |
Full Exercise
|
| ||||||
Per Share
|
| | | $ | 2.14 | | | | | $ | 2.14 | | |
Total
|
| | | $ | 6,000,001 | | | | | $ | 6,900,002 | | |
|
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
|
ABOUT CACTUS, INC.
|
| | | | 1 | | |
|
通过引用合并某些文件
|
| | | | 2 | | |
|
可用信息
|
| | | | 2 | | |
|
有关前瞻性陈述的警示声明
|
| | | | 4 | | |
|
RISK FACTORS
|
| | | | 6 | | |
|
USE OF PROCEEDS
|
| | | | 7 | | |
|
股本说明
|
| | | | 8 | | |
|
存托股份说明
|
| | | | 12 | | |
|
认股权证说明
|
| | | | 13 | | |
|
债务证券说明
|
| | | | 14 | | |
|
赎回CW单位和B类普通股
|
| | | | 17 | | |
|
SELLING STOCKHOLDERS
|
| | | | 18 | | |
|
PLAN OF DISTRIBUTION
|
| | | | 20 | | |
|
LEGAL MATTERS
|
| | | | 22 | | |
|
EXPERTS
|
| | | | 22 | | |
| | |
实益拥有的股份
Before the Offering |
| |
Shares of
Class A Common Stock that May Be Sold(3) |
| |
实益拥有的股份
After the Offering |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | |
Class A
Common Stock |
| |
Class B
Common Stock(1) |
| |
Combined
Voting Power(2) |
| |
Class A
Common Stock |
| |
Class B
Common Stock(1) |
| |
Combined
Voting Power(2) |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | |
Number
|
| |
%
|
| |
Number
|
| |
%
|
| |
Number
|
| |
%
|
| | | | | | | |
Number
|
| |
%
|
| |
Number
|
| |
%
|
| |
Number
|
| |
%
|
| ||||||||||||||||||||||||||||||||||||
Selling Stockholder
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cactus WH Enterprises,
LLC(4) |
| | | | — | | | | | | — | | | | | | 15,014,963 | | | | | | 90.0 | | | | | | 15,014,963 | | | | | | 19.8 | | | | | | 15,014,963 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Lee Boquet(5)
|
| | | | — | | | | | | — | | | | | | 1,395,601 | | | | | | 8.4 | | | | | | 1,395,601 | | | | | | 1.8 | | | | | | 1,395,601 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Scott Bender(4)(6)(7)
|
| | | | 109,931 | | | | | | * | | | | | | 15,014,963 | | | | | | 90.0 | | | | | | 15,124,894 | | | | | | 20.0 | | | | | | 15,124,894 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Joel Bender(4)(7)(8)
|
| | | | 108,071 | | | | | | * | | | | | | 15,014,963 | | | | | | 90.0 | | | | | | 15,123,034 | | | | | | 20.0 | | | | | | 15,123,034 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 16,628,566 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
BofA Securities
|
| |
Piper
Sandler |
| |
TPH&Co.
|
| |
Barclays
|
| |
Citigroup
|
|
|
Johnson Rice & Company L.L.C.
|
| |
Pickering Energy Partners
|
| |
Stifel
|
|