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Midas Edge

Target Hospitality Corp

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

View on SEC.gov

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$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 exhibits
Contents

Unaudited Consolidated Statements of Changes in Stockholders’ Equity

For the three and nine months ended September 30, 2024 and 2023

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Additional · ​ · Accumulated · ​ · ​ · ​ · ​ · Total Target Hospitality Corp. · ​ · ​ · ​ · ​ · ​
​ · ​ · Common Stock · ​ · Common Stock in Treasury · ​ · Paid In · ​ · Other · ​ · Accumulated · ​ · Stockholders' · ​ · Noncontrolling · ​ · Total
​ · Shares · Amount · Shares · Amount · Capital · Comprehensive Loss · Earnings · Equity · Interest · Equity
Balances at December 31, 2022​100,316,701​$10​9,430,665​$(23,559)​$139,287​$(2,574)​$87,683​​200,847​​—​$200,847
Adoption of ASC 326​—​​—​—​​—​​—​​—​​(268)​​(268)​​—​​(268)
Balances at January 1, 2023​100,316,701​$10​9,430,665​$(23,559)​$139,287​$(2,574)​$87,415​$200,579​$—​$200,579
Net income​—​​—​—​​—​​—​​—​​43,825​​43,825​​​​​43,825
Stock-based compensation, net​643,662​​—​—​​—​​2,112​​—​​—​​2,112​​—​​2,112
Tax withholdings related to net share settlement of equity awards​—​​—​—​​—​​(6,177)​​—​​—​​(6,177)​​—​​(6,177)
Cumulative translation adjustment​—​​—​—​​—​​—​​(21)​​—​​(21)​​—​​(21)
Issuance of Common Stock from exercise of warrants​2,869​​—​—​​—​​42​​—​​—​​42​​—​​42
Issuance of Common Stock from exercise of stock options​410,226​​—​—​​—​​1,252​​—​​—​​1,252​​—​​1,252
Balances at March 31, 2023​101,373,458​$10​9,430,665​$(23,559)​$136,516​$(2,595)​$131,240​$241,612​$—​$241,612
​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
Net income​—​​—​—​​—​​—​​—​​46,453​​46,453​​—​​46,453
Stock-based compensation, net​207,288​​—​—​​—​​2,337​​—​​—​​2,337​​—​​2,337
Tax withholdings related to net share settlement of equity awards​—​​—​—​​—​​(241)​​—​​—​​(241)​​—​​(241)
Cumulative translation adjustment​—​​—​—​​—​​—​​(5)​​—​​(5)​​—​​(5)
Issuance of Common Stock from exercise of warrants​14,500​​—​—​​—​​167​​—​​—​​167​​—​​167
Balances at June 30, 2023​101,595,246​$10​9,430,665​$(23,559)​$138,779​$(2,600)​$177,693​$290,323​$—​$290,323
​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
Net income​—​​—​—​​—​​—​​—​​45,579​​45,579​​—​​45,579
Stock-based compensation, net​19,967​​—​—​​—​​2,646​​—​​—​​2,646​​—​​2,646
Tax withholdings related to net share settlement of equity awards​—​​—​—​​—​​(400)​​—​​—​​(400)​​—​​(400)
Cumulative translation adjustment​—​​—​—​​—​​—​​(21)​​—​​(21)​​—​​(21)
Issuance of Common Stock from exercise of stock options​45,388​​—​—​​—​​144​​—​​—​​144​​—​​144
Balances at September 30, 2023​101,660,601​$10​9,430,665​$(23,559)​$141,169​$(2,621)​$223,272​$338,271​$—​$338,271
​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
Balances at December 31, 2023​101,660,601​$10​9,430,665​$(23,559)​$142,379​$(2,638)​$261,115​​377,307​​—​$377,307
Net income​—​​—​—​​—​​—​​—​​20,383​​20,383​​—​​20,383
Stock-based compensation, net​658,659​​—​—​​—​​1,579​​—​​—​​1,579​​—​​1,579
Tax withholdings related to net share settlement of equity awards​—​​—​—​​—​​(2,615)​​—​​—​​(2,615)​​—​​(2,615)
Cumulative translation adjustment​—​​—​—​​—​​—​​(20)​​—​​(20)​​—​​(20)
Issuance of Common Stock from exercise of warrants​1,079​​—​—​​—​​3​​—​​—​​3​​—​​3
Issuance of Common Stock from exercise of stock options​59,524​​—​—​​—​​268​​—​​—​​268​​—​​268
Repurchase of Common Stock as part of share repurchase program​(2,274,440)​​—​2,274,440​​(21,371)​​—​​—​​—​​(21,371)​​—​​(21,371)
Balances at March 31, 2024​100,105,423​$10​11,705,105​$(44,930)​$141,614​$(2,658)​$281,498​$375,534​$—​$375,534
​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
Net income​—​​—​—​​—​​—​​—​​18,386​​18,386​​—​​18,386
Stock-based compensation, net​44,329​​—​—​​—​​1,612​​—​​—​​1,612​​—​​1,612
Cumulative translation adjustment​—​​—​—​​—​​—​​(20)​​—​​(20)​​—​​(20)
Issuance of Common Stock from exercise of stock options​280,929​​—​—​​—​​1,546​​—​​—​​1,546​​—​​1,546
Repurchase of Common Stock as part of share repurchase program​—​​—​—​​108​​—​​—​​—​​108​​—​​108
Balances at June 30, 2024​100,430,681​$10​11,705,105​$(44,822)​$144,772​$(2,678)​$299,884​$397,166​$—​$397,166
​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
Net income​—​​—​—​​—​​—​​—​​19,994​​19,994​​100​​20,094
Stock-based compensation, net​15,262​​—​—​​—​​1,618​​—​​—​​1,618​​—​​1,618
Tax withholdings related to net share settlement of equity awards​—​​—​—​​—​​(47)​​—​​—​​(47)​​—​​(47)
Cumulative translation adjustment​—​​—​—​​—​​—​​(12)​​—​​(12)​​—​​(12)
Issuance of Common Stock from exercise of stock options​7,936​​—​—​​—​​36​​—​​—​​36​​—​​36
Distributions​—​​—​—​​—​​—​​—​​—​​—​​(65)​​(65)
Repurchase of Common Stock as part of share repurchase program​(150,000)​​—​150,000​​(1,155)​​—​​—​​—​​(1,155)​​—​​(1,155)
Balances at September 30, 2024​100,303,879​$10​11,855,105​$(45,977)​$146,379​$(2,690)​$319,878​$417,600​$35​$417,635
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.