Target Hospitality Corp.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $8.3M | $190.7M | $103.9M | $181.7M | $23.4M | $7.0M | $6.8M | $12.2M |
| Accounts Receivable | $56.2M | $49.3M | $67.1M | $42.2M | $28.8M | $28.2M | $48.5M | $57.1M |
| Inventory | $2.1M | $1.9M | $2.1M | $2.0M | $1.6M | $900.0K | $1.1M | $900.0K |
| Total Current Assets | $73.3M | $249.3M | $180.5M | $236.4M | $60.5M | $43.6M | $60.8M | $75.0M |
| Property, Plant & Equipment | — | $320.9M | $349.1M | $357.1M | $291.8M | $311.5M | $353.7M | $293.6M |
| Goodwill | $41.0M | $41.0M | $41.0M | $41.0M | $41.0M | $41.0M | $41.0M | $34.2M |
| Intangible Assets (Excl. Goodwill) | $39.3M | $52.8M | $66.3M | $75.2M | $88.5M | $103.1M | $117.9M | $127.4M |
| Total Assets | $530.2M | $725.8M | $694.4M | $771.7M | $513.4M | $534.2M | $600.8M | $565.0M |
| Liabilities | ||||||||
| Accounts Payable | $44.4M | $16.2M | $20.9M | $17.6M | $11.8M | $10.6M | $7.8M | $21.6M |
| Total Current Liabilities | $84.0M | $233.4M | $70.3M | $190.9M | $72.8M | $45.5M | $60.9M | $65.1M |
| Long-Term Debt | $1.7M | $1.5M | $178.1M | $329.9M | $341.4M | $391.8M | $422.0M | $20.6M |
| Total Liabilities | $141.1M | $304.7M | $317.0M | $570.9M | $416.1M | $435.3M | $480.3M | $216.0M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $295.3M | $332.4M | $261.1M | $87.7M | $13.7M | $18.3M | $43.5M | $31.5M |
| Total Stockholders' Equity | $389.3M | $421.1M | $377.3M | $200.8M | $97.3M | $98.9M | $120.5M | $349.0M |