Target Hospitality Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-9.69	71.27	173.7	73.94	-4.58	-25.13
Depreciation & Amortization	71.37	72.95	84.15	67.83	70.32	65.23
Other Amortization	1.75	2.84	3.63	5.4	4.98	4.51
Loss (Gain) From Sale of Assets	-0.38	-0.32	0.14	-0.1	0.38	-0.21
Stock-Based Compensation	7.36	7.31	11.17	19.24	5.08	3.61
Provision & Write-off of Bad Debts	0.61	0.26	0.54	0.41	1.63	4
Other Operating Activities	4.07	6.5	48.92	72.4	1.54	-11.72
Change in Accounts Receivable	3.95	17.6	-25.8	-13.69	-2.23	16.27
Change in Accounts Payable	15.11	-13.57	-10.39	6.37	9.93	1.04
Change in Unearned Revenue	14.03	-4.24	-120.05	91.11	16.04	-7.83
Change in Other Net Operating Assets	-9.28	-8.92	-9.21	-17.29	1.51	-2.98
Operating Cash Flow	98.91	151.68	156.8	305.61	104.6	46.78
Operating Cash Flow Growth	-37.95%	-3.27%	-48.69%	192.18%	123.59%	-22.67%
Capital Expenditures	-47.45	-30.24	-63.87	-140.84	-35.92	-12.56
Sale of Property, Plant & Equipment	0.86	1.4	0.24	0.62	-	0.99
Sale (Purchase) of Intangibles	-	-	-4.55	-	-	-
Other Investing Activities	-	-	-	-	-	0.62
Investing Cash Flow	-46.59	-28.84	-68.18	-140.23	-35.92	-10.95
Short-Term Debt Issued	-	-	-	70	-	-
Long-Term Debt Issued	-	-	-	-	28	55.94
Total Debt Issued	75	-	-	70	28	55.94
Short-Term Debt Repaid	-	-	-	-70	-	-
Long-Term Debt Repaid	-	-1.7	-154.46	-6.51	-80.17	-86.08
Total Debt Repaid	-258.73	-1.7	-154.46	-76.51	-80.17	-86.08
Net Debt Issued (Repaid)	-183.73	-1.7	-154.46	-6.51	-52.17	-30.14
Issuance of Common Stock	-	1.85	1.61	0.31	-	-
Repurchase of Common Stock	-13.88	-36.16	-6.82	-0.12	-0.1	-5.54
Other Financing Activities	-2.06	-0.07	-6.7	-0.77	-	-
Financing Cash Flow	-199.67	-36.06	-166.37	-7.1	-52.27	-35.68
Foreign Exchange Rate Adjustments	-0.01	-0.03	0	-0.02	0.01	-0.01
Net Cash Flow	-147.36	86.74	-77.74	158.27	16.43	0.14
Free Cash Flow	51.46	121.43	92.93	164.77	68.68	34.22
Free Cash Flow Growth	-59.86%	30.67%	-43.60%	139.89%	100.70%	-
Free Cash Flow Margin	16.36%	31.44%	16.49%	32.82%	23.57%	15.20%
Free Cash Flow Per Share	0.52	1.20	0.88	1.65	0.71	0.36
Cash Interest Paid	17.98	17.98	29.27	32.65	33.77	35.6
Cash Income Tax Paid	28.77	28.77	5.97	4.87	0.77	1.27
Levered Free Cash Flow	66.36	112.65	25.28	124.76	74.12	40.15
Unlevered Free Cash Flow	73.26	124.38	38.38	143.03	93.33	60.67
Change in Working Capital	23.81	-9.12	-165.46	66.49	25.25	6.5

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q