10-Q Filing

GREAT NORTHERN IRON ORE PROPERTIES CIK: 43410 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000897101-11-001281`
Period End Date	20110630
Filing Date	20110721
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	gni-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 30 Cash Flow Statement 30

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
BENEFICIARIES' EQUITY, interest authorized	`CommonStockSharesAuthorized`	1.50M	shares	Point-in-time
BENEFICIARIES' EQUITY, interest authorized	`CommonStockSharesAuthorized`	1.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$805.04K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$599.74K	USD	Point-in-time
BENEFICIARIES' EQUITY, interest outstanding	`CommonStockSharesOutstanding`	1.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$924.23K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$668.31K	USD	Point-in-time
BENEFICIARIES' EQUITY, interest outstanding	`CommonStockSharesOutstanding`	1.50M	shares	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesCurrent`	$4.04M	USD	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesCurrent`	$5.01M	USD	Point-in-time
Royalties receivable	`ReceivablesNetCurrent`	$6.28M	USD	Point-in-time
Royalties receivable	`ReceivablesNetCurrent`	$6.04M	USD	Point-in-time
Prepaid expenses	`PrepaidInsurance`	$50.99K	USD	Point-in-time
Prepaid expenses	`PrepaidInsurance`	$4.52K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$11.73M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$11.18M	USD	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesNoncurrent`	$3.03M	USD	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesNoncurrent`	$5.13M	USD	Point-in-time
Mineral and surface lands	`MineralPropertiesGross`	$39.30M	USD	Point-in-time
Mineral and surface lands	`MineralPropertiesGross`	$39.13M	USD	Point-in-time
Less: Allowances for accumulated depletion and amortization	`MineralPropertiesAccumulatedDepletion`	$36.61M	USD	Point-in-time
Less: Allowances for accumulated depletion and amortization	`MineralPropertiesAccumulatedDepletion`	$36.91M	USD	Point-in-time
MINERAL PROPERTIES, NET	`MineralPropertiesNet`	$2.40M	USD	Point-in-time
MINERAL PROPERTIES, NET	`MineralPropertiesNet`	$2.51M	USD	Point-in-time
Building and equipment	`PropertyPlantAndEquipmentGross`	$313.83K	USD	Point-in-time
Building and equipment	`PropertyPlantAndEquipmentGross`	$313.83K	USD	Point-in-time
Less: Allowances for accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$211.89K	USD	Point-in-time
Less: Allowances for accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$196.07K	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET, TOTAL	`PropertyPlantAndEquipmentNet`	$117.76K	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET, TOTAL	`PropertyPlantAndEquipmentNet`	$101.94K	USD	Point-in-time
TOTAL PROPERTIES	`TotalProperties`	$2.50M	USD	Point-in-time
TOTAL PROPERTIES	`TotalProperties`	$2.63M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$17.38M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$18.80M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$111.56K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$140.90K	USD	Point-in-time
Distributions	`DividendsPayableCurrent`	$4.50M	USD	Point-in-time
Distributions	`DividendsPayableCurrent`	$5.62M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$4.64M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$5.74M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$181.50K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$181.50K	USD	Point-in-time
Liability for pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$1.35M	USD	Point-in-time
Liability for pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$1.43M	USD	Point-in-time
TOTAL NONCURRENT LIABILITIES	`LiabilitiesNoncurrent`	$1.53M	USD	Point-in-time
TOTAL NONCURRENT LIABILITIES	`LiabilitiesNoncurrent`	$1.61M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$6.25M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$7.27M	USD	Point-in-time
BENEFICIARIES' EQUITY, including certificate holders' equity, represented by 1,500,000 certificates (shares or units) of beneficial interest authorized and outstanding, and the reversionary interest	`CommonStockValue`	$14.48M	USD	Point-in-time
BENEFICIARIES' EQUITY, including certificate holders' equity, represented by 1,500,000 certificates (shares or units) of beneficial interest authorized and outstanding, and the reversionary interest	`CommonStockValue`	$12.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$1.93M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$2.09M	USD	Point-in-time
TOTAL BENEFICIARIES' EQUITY	`StockholdersEquity`	$10.12M	USD	Point-in-time
TOTAL BENEFICIARIES' EQUITY	`StockholdersEquity`	$12.55M	USD	Point-in-time
TOTAL LIABILITIES AND BENEFICIARIES' EQUITY	`LiabilitiesAndStockholdersEquity`	$17.38M	USD	Point-in-time
TOTAL LIABILITIES AND BENEFICIARIES' EQUITY	`LiabilitiesAndStockholdersEquity`	$18.80M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltyRevenue`	$5.26M	USD	1 Quarter
Royalties	`RoyaltyRevenue`	$11.96M	USD	2 Qtrs
Royalties	`RoyaltyRevenue`	$6.54M	USD	1 Quarter
Royalties	`RoyaltyRevenue`	$8.34M	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$114.05K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$28.64K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$31.73K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$62.86K	USD	2 Qtrs
REVENUES, TOTAL	`Revenues`	$8.46M	USD	2 Qtrs
REVENUES, TOTAL	`Revenues`	$5.29M	USD	1 Quarter
REVENUES, TOTAL	`Revenues`	$12.02M	USD	2 Qtrs
REVENUES, TOTAL	`Revenues`	$6.57M	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$844.95K	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$918.97K	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$1.69M	USD	2 Qtrs
Costs and expenses	`CostsAndExpenses`	$1.87M	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$4.44M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$10.15M	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$6.76M	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$5.65M	USD	1 Quarter
Weighted-average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	1.50M	shares	Point-in-time
Weighted-average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	1.50M	shares	Point-in-time
BASIC & DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$6.77	USD	2 Qtrs
BASIC & DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$2.96	USD	1 Quarter
BASIC & DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$4.51	USD	2 Qtrs
BASIC & DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$3.77	USD	1 Quarter
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$4.75	USD	2 Qtrs
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$2.75	USD	1 Quarter
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$5.25	USD	2 Qtrs
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$3.00	USD	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Cash received from royalties and rents	`ProceedsFromRoyaltiesReceived`	$6.75M	USD	2 Qtrs
Cash received from royalties and rents	`ProceedsFromRoyaltiesReceived`	$11.58M	USD	2 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$1.34M	USD	2 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$1.22M	USD	2 Qtrs
Interest and related premium/discount (paid) received	`ProceedsFromInterestReceived`	$-2.99K	USD	2 Qtrs
Interest and related premium/discount (paid) received	`ProceedsFromInterestReceived`	$58.70K	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$10.24M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$5.59M	USD	2 Qtrs
U.S. Treasury securities purchased	`PaymentsToAcquireHeldToMaturitySecurities`	$500.00K	USD	2 Qtrs
U.S. Treasury securities purchased	`PaymentsToAcquireHeldToMaturitySecurities`	$4.42M	USD	2 Qtrs
U.S. Treasury securities matured	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$1.50M	USD	2 Qtrs
U.S. Treasury securities matured	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$3.33M	USD	2 Qtrs
Expenditures for building and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.30K	USD	2 Qtrs
Expenditures for building and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.10M	USD	2 Qtrs
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$988.70K	USD	2 Qtrs
Distributions paid	`PaymentsOfDividends`	$9.00M	USD	2 Qtrs
Distributions paid	`PaymentsOfDividends`	$6.90M	USD	2 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-6.90M	USD	2 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-9.00M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-324.49K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$136.73K	USD	2 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$805.04K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$599.74K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$924.23K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$668.31K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT JUNE 30	`CashAndCashEquivalentsAtCarryingValue`	$805.04K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT JUNE 30	`CashAndCashEquivalentsAtCarryingValue`	$599.74K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT JUNE 30	`CashAndCashEquivalentsAtCarryingValue`	$924.23K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT JUNE 30	`CashAndCashEquivalentsAtCarryingValue`	$668.31K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.