Target Hospitality Corp

For the period ended Sep 30, 2024. Filed Nov 12, 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.

Sep 30, 2024 · Filed Nov 12, 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 Balance Sheets


· · September 30, · · December 31,
· 2024 · 2023
Assets · (Unaudited) · ·
Current assets: · ·
Cash and cash equivalents	$177,747	$103,929
Accounts receivable, less allowance for credit losses of $762 and $550, respectively	47,288	67,092
Prepaid expenses and other assets	6,340	9,479
Total current assets	231,375	180,500

Specialty rental assets, net	331,581	349,064
Other property, plant and equipment, net	34,364	34,631
Operating lease right-of-use assets, net	13,224	19,698
Goodwill	41,038	41,038
Other intangible assets, net	56,179	66,282
Deferred financing costs revolver, net	2,024	2,479
Other non-current assets	—	661
Total assets	$709,785	$694,353

Liabilities
Current liabilities:
Accounts payable	$16,922	$20,926
Accrued liabilities	22,677	33,652
Deferred revenue and customer deposits	400	1,794
Current portion of operating lease obligations	8,005	11,914
Current portion of finance lease and other financing obligations (Note 8)	1,546	1,369
Current warrant liabilities	—	675
Current portion of long-term debt, net (Note 8)	179,743	—
Total current liabilities	229,293	70,330

Other liabilities:
Long-term debt (Note 8):
Principal amount	—	181,446
Less: unamortized original issue discount	—	(2,619)
Less: unamortized term loan deferred financing costs	—	(734)
Long-term debt, net	—	178,093
Long-term finance lease and other financing obligations	994	1,024
Long-term operating lease obligations	6,035	8,426
Deferred revenue and customer deposits	536	3,675
Deferred tax liability	52,760	53,074
Asset retirement obligations	2,532	2,424
Total liabilities	292,150	317,046

Commitments and contingencies (Note 12)
Stockholders' equity:
Common Stock, $0.0001 par, 400,000,000 authorized, 112,158,984 issued and 100,303,879 outstanding as of September 30, 2024 and 111,091,266 issued and 101,660,601 outstanding as of December 31, 2023.	10	10
Common Stock in treasury at cost, 11,855,105 shares as of September 30, 2024 and 9,430,665 shares as of December 31, 2023.	(45,977)	(23,559)
Additional paid-in-capital	146,379	142,379
Accumulated other comprehensive loss	(2,690)	(2,638)
Accumulated earnings	319,878	261,115
Total stockholders' equity attributable to Target Hospitality Corp. stockholders	417,600	377,307
Noncontrolling interest in consolidated subsidiaries	35	—
Total stockholders' equity	417,635	377,307
Total liabilities and stockholders' equity	$709,785	$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.