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Midas Edge

Target Hospitality Corp

For the period ended Dec 31, 2023. Filed Mar 13, 2024.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 13, 2024

TH$11.06-2.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Changes in Stockholders’ Equity

For the years ended December 31, 2023, 2022 and 2021

** ($ in thousands)**

​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Additional · ​ · Accumulated · ​ · ​ · ​ · ​ · Total
​ · ​ · Common Stock · ​ · Common Stock in Treasury · ​ · Paid In · ​ · Other · ​ · Accumulated · ​ · Stockholders'
​ · Shares · ​ · Amount · Shares · ​ · Amount · Capital · Comprehensive Loss · Earnings · Equity
Balances at December 31, 2020​101,170,915​$10​4,414,767​$(23,559)​$106,551​$(2,434)​$18,320​$98,888
​​​​​​​​​​​​​​​​​​​​​​​
Net loss​—​​—​—​​—​​—​​—​​(4,576)​​(4,576)
Stock-based compensation, net​781,768​​—​—​​—​​3,086​​—​​—​​3,086
Tax withholdings related to net share settlement of equity awards​—​​—​—​​—​​(99)​​—​​—​​(99)
Cumulative translation adjustment​—​​—​—​​—​​—​​(28)​​—​​(28)
Balances at December 31, 2021​101,952,683​$10​4,414,767​$(23,559)​$109,538​$(2,462)​$13,744​$97,271
​​​​​​​​​​​​​​​​​​​​​​​
Net income​—​​—​—​​—​​—​​—​​73,939​​73,939
Stock-based compensation, net​320,607​​—​—​​—​​8,245​​—​​—​​8,245
Tax withholdings related to net share settlement of equity awards​—​​—​—​​—​​(121)​​—​​—​​(121)
Cancelled common stock​(5,015,898)​​—​5,015,898​​—​​—​​—​​—​​—
Cumulative translation adjustment​—​​—​—​​—​​—​​(112)​​—​​(112)
Common Stock issued in warrant exchange​2,996,201​​—​—​​—​​21,320​​—​​—​​21,320
Issuance of Common Stock from exercise of warrants​7,101​​—​—​​—​​80​​—​​—​​80
Issuance of Common Stock from exercise of stock options​56,007​​—​—​​—​​225​​—​​—​​225
Balances at December 31, 2022​100,316,701​$10​9,430,665​$(23,559)​$139,287​$(2,574)​$87,683​$200,847
​​​​​​​​​​​​​​​​​​​​​​​
Adoption of ASC 326 (Note 1)​—​​—​—​​—​​—​​—​​(268)​​(268)
Balances at January 1, 2023​100,316,701​$10​9,430,665​$(23,559)​$139,287​$(2,574)​$87,415​$200,579
​​​​​​​​​​​​​​​​​​​​​​​
Net income​—​​—​—​​—​​—​​—​​173,700​​173,700
Stock-based compensation, net​870,917​​—​—​​—​​8,305​​—​​—​​8,305
Tax withholdings related to net share settlement of equity awards​—​​—​—​​—​​(6,818)​​—​​—​​(6,818)
Cumulative translation adjustment​—​​—​—​​—​​—​​(64)​​—​​(64)
Issuance of Common Stock from exercise of warrants​17,369​​—​—​​—​​209​​—​​—​​209
Issuance of Common Stock from exercise of stock options​455,614​​—​—​​—​​1,396​​—​​—​​1,396
Balances at December 31, 2023​101,660,601​$10​9,430,665​$(23,559)​$142,379​$(2,638)​$261,115​$377,307
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.