Target Hospitality Corp
For the period ended Dec 31, 2023. Filed Mar 13, 2024.
View on SEC.govAbout 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$10.30-6.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income (Loss)
($ in thousands, except per share amounts)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · For the Years Ended | |||||||||
| · · December 31, | |||||||||
| · · 2023 · 2022 · · 2021 | |||||||||
| Revenue: · · · · · · · | |||||||||
| Services income | | $365,627 | | $333,702 | | $203,134 | |||
| Specialty rental income | | | 197,981 | | | 168,283 | | | 76,909 |
| Construction fee income | | | - | | | - | | | 11,294 |
| Total revenue | | | 563,608 | | | 501,985 | | | 291,337 |
| Costs: | | | | | | | | | |
| Services | | | 151,574 | | | 174,200 | | | 120,192 |
| Specialty rental | | | 30,084 | | | 27,824 | | | 16,186 |
| Depreciation of specialty rental assets | | | 68,626 | | | 52,833 | | | 53,609 |
| Gross profit | | | 313,324 | | | 247,128 | | | 101,350 |
| Selling, general and administrative | | | 56,126 | | | 57,893 | | | 46,461 |
| Other depreciation and amortization | | | 15,351 | | | 14,832 | | | 16,910 |
| Other expense, net | | | 1,241 | | | 36 | | | 880 |
| Operating income | | | 240,606 | | | 174,367 | | | 37,099 |
| Loss on extinguishment of debt | | | 2,279 | | | - | | | - |
| Interest expense, net | | | 22,639 | | | 36,323 | | | 38,704 |
| Change in fair value of warrant liabilities | | | (9,062) | | | 31,735 | | | 1,067 |
| Income (loss) before income tax | | | 224,750 | | | 106,309 | | | (2,672) |
| Income tax expense | | | 51,050 | | | 32,370 | | | 1,904 |
| Net income (loss) | | | 173,700 | | | 73,939 | | | (4,576) |
| Change in fair value of warrant liabilities | | | (9,062) | | | - | | | - |
| Net income (loss) attributable to common stockholders - diluted | | | 164,638 | | | 73,939 | | | (4,576) |
| | | | | | | | | | |
| Other comprehensive income (loss) | | | | | | | | | |
| Foreign currency translation | | | (64) | | | (112) | | | (28) |
| Comprehensive income (loss) | | | 173,636 | | | 73,827 | | | (4,604) |
| | | | | | | | | | |
| | | | | | | | | | |
| Weighted average number shares outstanding - basic | | | 101,350,910 | | | 97,213,166 | | | 96,611,022 |
| Weighted average number shares outstanding - diluted | | | 105,319,405 | | | 100,057,748 | | | 96,611,022 |
| | | | | | | | | | |
| Net income (loss) per share - basic | | $1.71 | | $0.76 | | $(0.05) | |||
| Net income (loss) per share - diluted | | $1.56 | | $0.74 | | $(0.05) | |||
See accompanying notes which are an integral part of these consolidated financial statements
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.