Target Hospitality Corp

For the period ended Mar 31, 2024. Filed May 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 8, 2024

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

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

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets

($ in thousands)


· · March 31, · · December 31,
· 2024 · 2023
Assets · (Unaudited) · ·
Current assets: · ·
Cash and cash equivalents	$124,302	$103,929
Accounts receivable, less allowance for credit losses of $593 and $550, respectively	53,839	67,092
Prepaid expenses and other assets	7,927	9,479
Total current assets	186,068	180,500

Specialty rental assets, net	342,985	349,064
Other property, plant and equipment, net	35,102	34,631
Operating lease right-of-use assets, net	16,495	19,698
Goodwill	41,038	41,038
Other intangible assets, net	62,919	66,282
Deferred financing costs revolver, net	2,328	2,479
Other non-current assets	234	661
Total assets	$687,169	$694,353

Liabilities
Current liabilities:
Accounts payable	$17,275	$20,926
Accrued liabilities	35,932	33,652
Deferred revenue and customer deposits	1,794	1,794
Current portion of operating lease obligations	10,240	11,914
Current portion of finance lease and other financing obligations (Note 8)	1,574	1,369
Current warrant liabilities	—	675
Total current liabilities	66,815	70,330

Other liabilities:
Long-term debt (Note 8):
Principal amount	181,446	181,446
Less: unamortized original issue discount	(2,202)	(2,619)
Less: unamortized term loan deferred financing costs	(617)	(734)
Long-term debt, net	178,627	178,093
Long-term finance lease and other financing obligations	1,270	1,024
Long-term operating lease obligations	7,025	8,426
Deferred revenue and customer deposits	3,227	3,675
Deferred tax liability	52,200	53,074
Asset retirement obligations	2,471	2,424
Total liabilities	311,635	317,046

Commitments and contingencies (Note 12)
Stockholders' equity:
Common Stock, $0.0001 par, 400,000,000 authorized, 111,810,528 issued and 100,105,423 outstanding as of March 31, 2024 and 111,091,266 issued and 101,660,601 outstanding as of December 31, 2023.	10	10
Common Stock in treasury at cost, 11,705,105 shares as of March 31, 2024 and 9,430,665 shares as of December 31, 2023.	(44,930)	(23,559)
Additional paid-in-capital	141,614	142,379
Accumulated other comprehensive loss	(2,658)	(2,638)
Accumulated earnings	281,498	261,115
Total stockholders' equity	375,534	377,307
Total liabilities and stockholders' equity	$687,169	$694,353

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.