10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000097517-20-000029 |
| Period End Date | 20200331 |
| Filing Date | 20200507 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | tpl-20200331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Property, plant and equipment, accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$11.31M | USD | Point-in-time |
| Property, plant and equipment, accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$14.54M | USD | Point-in-time |
| Less: accumulated depletion |
AccumulatedDepreciationRoyaltyInterests
|
$260.00K | USD | Point-in-time |
| Less: accumulated depletion |
AccumulatedDepreciationRoyaltyInterests
|
$318.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$303.64M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$223.74M | USD | Point-in-time |
| Certificates of proprietary interest, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$100.00 | USD | Point-in-time |
| Certificates of proprietary interest, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$100.00 | USD | Point-in-time |
| Accrued receivables, net |
OtherReceivables
|
$68.68M | USD | Point-in-time |
| Accrued receivables, net |
OtherReceivables
|
$62.99M | USD | Point-in-time |
| Certificates of proprietary interest, outstanding (in shares) |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Other assets |
OtherAssets
|
$3.68M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$3.98M | USD | Point-in-time |
| Certificates of proprietary interest, outstanding (in shares) |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation of $14,544 and $11,313 as of March 31, 2020 and December 31, 2019, respectively |
PropertyPlantAndEquipmentNet
|
$88.71M | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation of $14,544 and $11,313 as of March 31, 2020 and December 31, 2019, respectively |
PropertyPlantAndEquipmentNet
|
$88.32M | USD | Point-in-time |
| Sub-share certificates of proprietary interest, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.03 | USD | Point-in-time |
| Sub-share certificates of proprietary interest, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.03 | USD | Point-in-time |
| Sub-share certificates of proprietary interest, outstanding (in shares) |
CommonStockSharesOutstanding
|
7.76M | shares | Point-in-time |
| Real estate acquired |
RealEstateGrossAtCarryingValue
|
$110.97M | USD | Point-in-time |
| Sub-share certificates of proprietary interest, outstanding (in shares) |
CommonStockSharesOutstanding
|
7.76M | shares | Point-in-time |
| Real estate acquired |
RealEstateGrossAtCarryingValue
|
$107.08M | USD | Point-in-time |
| Royalty interests acquired, net of accumulated depletion of $318 and $260 as of March 31, 2020 and December 31, 2019, respectively |
TotalRoyaltyInterests
|
$29.06M | USD | Point-in-time |
| Royalty interests acquired, net of accumulated depletion of $318 and $260 as of March 31, 2020 and December 31, 2019, respectively |
TotalRoyaltyInterests
|
$45.94M | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$3.10M | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$2.94M | USD | Point-in-time |
| Total assets |
Assets
|
$544.65M | USD | Point-in-time |
| Total assets |
Assets
|
$598.18M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$21.14M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$19.19M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$5.27M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$14.70M | USD | Point-in-time |
| Deferred taxes payable |
DeferredIncomeTaxLiabilitiesNet
|
$40.77M | USD | Point-in-time |
| Deferred taxes payable |
DeferredIncomeTaxLiabilitiesNet
|
$40.83M | USD | Point-in-time |
| Unearned revenue |
ContractWithCustomerLiability
|
$19.45M | USD | Point-in-time |
| Unearned revenue |
ContractWithCustomerLiability
|
$17.38M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiability
|
$3.37M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiability
|
$3.25M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$86.04M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$99.31M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Certificates of Proprietary Interest, par value $100 each; none outstanding |
PreferredStockValue
|
- | USD | Point-in-time |
| Certificates of Proprietary Interest, par value $100 each; none outstanding |
PreferredStockValue
|
- | USD | Point-in-time |
| Sub-share Certificates in Certificates of Proprietary Interest, par value $0.0333 each; outstanding 7,756,156 Sub-share Certificates as of March 31, 2020 and December 31, 2019 |
CommonStockValue
|
- | USD | Point-in-time |
| Sub-share Certificates in Certificates of Proprietary Interest, par value $0.0333 each; outstanding 7,756,156 Sub-share Certificates as of March 31, 2020 and December 31, 2019 |
CommonStockValue
|
- | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.45M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.46M | USD | Point-in-time |
| Net proceeds from all sources |
RetainedEarningsUnappropriated
|
$446.79M | USD | Point-in-time |
| Net proceeds from all sources |
RetainedEarningsUnappropriated
|
$513.60M | USD | Point-in-time |
| Total capital |
StockholdersEquity
|
$445.34M | USD | Point-in-time |
| Total capital |
StockholdersEquity
|
$512.14M | USD | Point-in-time |
| Total liabilities and capital |
LiabilitiesAndStockholdersEquity
|
$544.65M | USD | Point-in-time |
| Total liabilities and capital |
LiabilitiesAndStockholdersEquity
|
$598.18M | USD | Point-in-time |
Income Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$191.32M | USD | 1 Quarter |
| Total revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$96.59M | USD | 1 Quarter |
| Salaries and related employee expenses |
LaborAndRelatedExpense
|
$6.46M | USD | 1 Quarter |
| Salaries and related employee expenses |
LaborAndRelatedExpense
|
$10.62M | USD | 1 Quarter |
| Water service-related expenses |
WaterProductionCosts
|
$4.58M | USD | 1 Quarter |
| Water service-related expenses |
WaterProductionCosts
|
$6.78M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$2.14M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$2.96M | USD | 1 Quarter |
| Legal and professional fees |
ProfessionalFees
|
$2.36M | USD | 1 Quarter |
| Legal and professional fees |
ProfessionalFees
|
$1.78M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationAmortizationAndAccretionNet
|
$3.33M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationAmortizationAndAccretionNet
|
$1.20M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$26.05M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$16.17M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$70.54M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$175.15M | USD | 1 Quarter |
| Other income |
NonoperatingIncomeExpense
|
$826.00K | USD | 1 Quarter |
| Other income |
NonoperatingIncomeExpense
|
$393.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$71.37M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$175.55M | USD | 1 Quarter |
| Current |
CurrentIncomeTaxExpenseBenefit
|
$14.55M | USD | 1 Quarter |
| Current |
CurrentIncomeTaxExpenseBenefit
|
$14.02M | USD | 1 Quarter |
| Deferred |
DeferredIncomeTaxExpenseBenefit
|
$-55.00K | USD | 1 Quarter |
| Deferred |
DeferredIncomeTaxExpenseBenefit
|
$21.00M | USD | 1 Quarter |
| Total income tax expense |
IncomeTaxExpenseBenefit
|
$35.55M | USD | 1 Quarter |
| Total income tax expense |
IncomeTaxExpenseBenefit
|
$13.97M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$57.40M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$140.00M | USD | 1 Quarter |
| Other comprehensive income periodic pension costs, net of income taxes of $4 and $2, respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$13.00K | USD | 1 Quarter |
| Other comprehensive income periodic pension costs, net of income taxes of $4 and $2, respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$9.00K | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$57.41M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$140.01M | USD | 1 Quarter |
| Weighted average number of Sub-share Certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
7.76M | shares | 1 Quarter |
| Weighted average number of Sub-share Certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
7.76M | shares | 1 Quarter |
| Net income per Sub-share Certificate basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$7.40 | USD | 1 Quarter |
| Net income per Sub-share Certificate basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$18.04 | USD | 1 Quarter |
| Cash dividends per Sub-share Certificate (in dollars per share) |
CommonStockDividendsPerShareCashPaid
|
$6.00 | USD | 1 Quarter |
| Cash dividends per Sub-share Certificate (in dollars per share) |
CommonStockDividendsPerShareCashPaid
|
$16.00 | USD | 1 Quarter |
Cash Flow Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$57.40M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$140.00M | USD | 1 Quarter |
| Deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-21.00M | USD | 1 Quarter |
| Deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$55.00K | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$1.20M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$3.33M | USD | 1 Quarter |
| Operating assets, excluding income taxes |
IncreaseDecreaseInOtherOperatingAssets
|
$19.33M | USD | 1 Quarter |
| Operating assets, excluding income taxes |
IncreaseDecreaseInOtherOperatingAssets
|
$5.38M | USD | 1 Quarter |
| Prepaid income taxes |
IncreaseDecreaseInPrepaidTaxes
|
$-9.40M | USD | 1 Quarter |
| Prepaid income taxes |
IncreaseDecreaseInPrepaidTaxes
|
- | USD | 1 Quarter |
| Operating liabilities, excluding income taxes |
IncreaseDecreaseInOtherOperatingLiabilities
|
$4.58M | USD | 1 Quarter |
| Operating liabilities, excluding income taxes |
IncreaseDecreaseInOtherOperatingLiabilities
|
$3.91M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$9.43M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$5.15M | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$162.00M | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$68.64M | USD | 1 Quarter |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$30.00K | USD | 1 Quarter |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Acquisition of land |
PaymentsToAcquireRealEstate
|
$3.89M | USD | 1 Quarter |
| Acquisition of land |
PaymentsToAcquireRealEstate
|
$47.19M | USD | 1 Quarter |
| Acquisition of royalty interests |
PaymentsToAcquireRoyaltyInterestsInMiningProperties
|
$16.94M | USD | 1 Quarter |
| Acquisition of royalty interests |
PaymentsToAcquireRoyaltyInterestsInMiningProperties
|
$3.42M | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquireEquipmentAndOtherAcquisitionOfRealEstate
|
$3.62M | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquireEquipmentAndOtherAcquisitionOfRealEstate
|
$9.25M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-59.82M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-24.44M | USD | 1 Quarter |
| Purchase of Sub-share Certificates in Certificates of Proprietary Interest |
PaymentsForRepurchaseOfCommonStock
|
$4.35M | USD | 1 Quarter |
| Purchase of Sub-share Certificates in Certificates of Proprietary Interest |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$46.55M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$124.10M | USD | 1 Quarter |
| Cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-124.10M | USD | 1 Quarter |
| Cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-50.90M | USD | 1 Quarter |
| Net (decrease) increase in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$51.28M | USD | 1 Quarter |
| Net (decrease) increase in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-79.90M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$123.45M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$223.74M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$174.72M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$303.64M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$123.45M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$223.74M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$174.72M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$303.64M | USD | Point-in-time |
| Income taxes paid |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaidNet
|
$4.60M | USD | 1 Quarter |
| Operating lease right-of-use assets |
NoncashOrPartNoncashAcquisitionOperatingLeaseRightOfUseAssets
|
- | USD | 1 Quarter |
| Operating lease right-of-use assets |
NoncashOrPartNoncashAcquisitionOperatingLeaseRightOfUseAssets
|
$3.71M | USD | 1 Quarter |
Comprehensive Income
2 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Other comprehensive income - periodic pension costs |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$-4.00K | USD | 1 Quarter |
| Other comprehensive income - periodic pension costs |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$-2.00K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.