Target Hospitality Corp. (TH)

Target Hospitality Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	177.75	103.93	181.67	23.41	6.98	6.79
Short-Term Investments	-	1.9	1.9	1.8	1.7	-
Cash & Short-Term Investments	177.75	105.83	183.57	25.21	8.68	6.79
Cash Growth	69.12%	-42.35%	628.29%	190.43%	27.88%	-44.34%
Accounts Receivable	47.29	67.09	42.15	28.78	28.18	48.48
Other Receivables	-	-	-	-	1.21	0.88
Receivables	47.29	67.09	42.15	28.78	29.39	49.36
Inventory	-	2.1	2	1.6	0.9	1.1
Prepaid Expenses	6.34	5.48	8.65	4.95	4.6	3.25
Other Current Assets	-	-	-	-	-	0.3
Total Current Assets	231.38	180.5	236.38	60.54	43.56	60.8
Property, Plant & Equipment	379.17	403.39	416.33	303.04	322.51	365.24
Goodwill	41.04	41.04	41.04	41.04	41.04	41.04
Other Intangible Assets	56.18	66.94	77.02	91.84	108.53	122.56
Long-Term Deferred Tax Assets	-	-	-	14.71	15.18	6.43
Long-Term Deferred Charges	2.02	2.48	0.9	2.16	3.42	4.69
Other Long-Term Assets	-	-	0.07	0.07	-	0.05
Total Assets	709.79	694.35	771.73	513.39	534.24	600.79
Accounts Payable	16.92	20.93	17.56	11.8	10.64	7.79
Accrued Expenses	22.68	33.65	39.64	33.13	24.7	35.33
Short-Term Debt	-	-	-	-	2.94	-
Current Portion of Long-Term Debt	179.74	-	-	-	-	-
Current Portion of Leases	9.55	13.28	13.65	0.73	0.63	0.99
Current Unearned Revenue	0.4	1.79	120.04	27.14	6.62	16.81
Other Current Liabilities	-	0.68	-	-	-	-
Total Current Liabilities	229.29	70.33	190.9	72.8	45.53	60.92
Long-Term Debt	-	178.09	328.85	330.21	374.5	403.26
Long-Term Leases	7.03	9.45	12.19	0.7	0.27	1
Long-Term Unearned Revenue	0.54	3.68	5.48	7.27	11.75	9.39
Long-Term Deferred Tax Liabilities	52.76	53.07	15.17	-	-	-
Other Long-Term Liabilities	2.53	2.42	18.29	5.14	3.3	5.71
Total Liabilities	292.15	317.05	570.88	416.12	435.35	480.27
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	146.38	142.38	139.29	109.54	106.55	103.18
Retained Earnings	319.88	261.12	87.68	13.74	18.32	43.45
Treasury Stock	-45.98	-23.56	-23.56	-23.56	-23.56	-23.56
Comprehensive Income & Other	-2.69	-2.64	-2.57	-2.46	-2.43	-2.56
Shareholders' Equity	417.64	377.31	200.85	97.27	98.89	120.52
Total Liabilities & Equity	709.79	694.35	771.73	513.39	534.24	600.79
Total Debt	196.32	200.83	354.69	331.64	378.34	405.24
Net Cash (Debt)	-18.58	-95	-171.12	-306.43	-369.66	-398.46
Net Cash Per Share	-0.18	-0.90	-1.71	-3.17	-3.85	-4.22
Filing Date Shares Outstanding	98.94	100.52	100.96	96.94	96.22	97.28
Total Common Shares Outstanding	100.3	101.66	100.32	96.94	96.16	95.82
Working Capital	2.08	110.17	45.48	-12.26	-1.97	-0.13
Book Value Per Share	4.16	3.71	2.00	1.00	1.03	1.26
Tangible Book Value	320.38	269.33	82.79	-35.61	-50.68	-43.07
Tangible Book Value Per Share	3.19	2.65	0.83	-0.37	-0.53	-0.45
Land	30.74	31.11	28.48	9.16	9.16	9.16
Buildings	0.91	0.9	0.77	0.19	0.12	0.12
Machinery	2.2	1.82	1.58	1.3	1.07	0.71
Construction In Progress	9.54	3.67	4.65	3.56	5.83	8.67

Source: S&P Capital IQ. Standard template. Financial Sources.