Target Hospitality Corp. (TH)

Target Hospitality Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	190.67	103.93	181.67	23.41	6.98
Short-Term Investments	1.9	1.9	1.9	1.8	1.7
Cash & Short-Term Investments	192.57	105.83	183.57	25.21	8.68
Cash Growth	81.96%	-42.35%	628.29%	190.43%	27.88%
Accounts Receivable	49.34	67.09	42.15	28.78	28.18
Other Receivables	-	-	-	-	1.21
Receivables	49.34	67.09	42.15	28.78	29.39
Inventory	1.9	2.1	2	1.6	0.9
Prepaid Expenses	5.53	5.48	8.65	4.95	4.6
Total Current Assets	249.34	180.5	236.38	60.54	43.56
Property, Plant & Equipment	380.72	403.39	416.33	303.04	322.51
Goodwill	41.04	41.04	41.04	41.04	41.04
Other Intangible Assets	52.81	66.94	77.02	91.84	108.53
Long-Term Deferred Tax Assets	-	-	-	14.71	15.18
Long-Term Deferred Charges	1.87	2.48	0.9	2.16	3.42
Other Long-Term Assets	-	-	0.07	0.07	-
Total Assets	725.77	694.35	771.73	513.39	534.24
Accounts Payable	16.19	20.93	17.56	11.8	10.64
Accrued Expenses	25.78	33.65	39.64	33.13	24.7
Short-Term Debt	-	-	-	-	2.94
Current Portion of Long-Term Debt	180.33	-	-	-	-
Current Portion of Leases	10.41	13.28	13.65	0.73	0.63
Current Unearned Revenue	0.7	1.79	120.04	27.14	6.62
Other Current Liabilities	-	0.68	-	-	-
Total Current Liabilities	233.4	70.33	190.9	72.8	45.53
Long-Term Debt	-	178.09	328.85	330.21	374.5
Long-Term Leases	18.91	9.45	12.19	0.7	0.27
Long-Term Unearned Revenue	0.54	3.68	5.48	7.27	11.75
Long-Term Deferred Tax Liabilities	49.27	53.07	15.17	-	-
Other Long-Term Liabilities	2.56	2.42	18.29	5.14	3.3
Total Liabilities	304.68	317.05	570.88	416.12	435.35
Common Stock	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	148.78	142.38	139.29	109.54	106.55
Retained Earnings	332.38	261.12	87.68	13.74	18.32
Treasury Stock	-57.3	-23.56	-23.56	-23.56	-23.56
Comprehensive Income & Other	-2.79	-2.64	-2.57	-2.46	-2.43
Total Common Equity	421.08	377.31	200.85	97.27	98.89
Minority Interest	0.01	-	-	-	-
Shareholders' Equity	421.09	377.31	200.85	97.27	98.89
Total Liabilities & Equity	725.77	694.35	771.73	513.39	534.24
Total Debt	209.65	200.83	354.69	331.64	378.34
Net Cash (Debt)	-17.08	-95	-171.12	-306.43	-369.66
Net Cash Per Share	-0.17	-0.90	-1.71	-3.17	-3.85
Filing Date Shares Outstanding	99.36	100.52	100.96	96.94	96.22
Total Common Shares Outstanding	98.95	101.66	100.32	96.94	96.16
Working Capital	15.93	110.17	45.48	-12.26	-1.97
Book Value Per Share	4.26	3.71	2.00	1.00	1.03
Tangible Book Value	327.24	269.33	82.79	-35.61	-50.68
Tangible Book Value Per Share	3.31	2.65	0.83	-0.37	-0.53
Land	30.61	31.11	28.48	9.16	9.16
Buildings	-	-	0.77	0.19	0.12
Machinery	2.21	1.82	1.58	1.3	1.07
Construction In Progress	8.48	3.67	4.65	3.56	5.83
Leasehold Improvements	0.91	0.9	-	-	-

Updated Mar 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q