10-Q Filing

GREAT NORTHERN IRON ORE PROPERTIES CIK: 43410 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000897101-11-001807`
Period End Date	20110930
Filing Date	20111025
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	gni-20110930.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 - authorized	`CommonStockSharesAuthorized`	1.50M	shares	Point-in-time
Beneficiaries' equity - authorized	`CommonStockSharesAuthorized`	1.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$668.31K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$760.06K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$941.44K	USD	Point-in-time
Beneficiaries' equity - outstanding	`CommonStockSharesOutstanding`	1.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$924.23K	USD	Point-in-time
Beneficiaries' equity - outstanding	`CommonStockSharesOutstanding`	1.50M	shares	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesCurrent`	$4.39M	USD	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesCurrent`	$5.01M	USD	Point-in-time
Royalties receivable	`ReceivablesNetCurrent`	$6.04M	USD	Point-in-time
Royalties receivable	`ReceivablesNetCurrent`	$6.20M	USD	Point-in-time
Prepaid expenses	`PrepaidInsurance`	$29.42K	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`	$11.56M	USD	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesNoncurrent`	$3.03M	USD	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesNoncurrent`	$5.47M	USD	Point-in-time
Mineral and surface lands	`MineralPropertiesGross`	$39.13M	USD	Point-in-time
Mineral and surface lands	`MineralPropertiesGross`	$39.48M	USD	Point-in-time
Less: Allowances for accumulated depletion and amortization	`MineralPropertiesAccumulatedDepletion`	$37.06M	USD	Point-in-time
Less: Allowances for accumulated depletion and amortization	`MineralPropertiesAccumulatedDepletion`	$36.61M	USD	Point-in-time
subtotal	`MineralPropertiesNet`	$2.42M	USD	Point-in-time
subtotal	`MineralPropertiesNet`	$2.51M	USD	Point-in-time
Building and equipment	`PropertyPlantAndEquipmentGross`	$316.82K	USD	Point-in-time
Building and equipment	`PropertyPlantAndEquipmentGross`	$313.83K	USD	Point-in-time
Less: Allowances for accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$204.10K	USD	Point-in-time
Less: Allowances for accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$196.07K	USD	Point-in-time
subtotal	`PropertyPlantAndEquipmentNet`	$117.76K	USD	Point-in-time
subtotal	`PropertyPlantAndEquipmentNet`	$112.72K	USD	Point-in-time
TOTAL PROPERTIES	`TotalProperties`	$2.54M	USD	Point-in-time
TOTAL PROPERTIES	`TotalProperties`	$2.63M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$19.57M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$17.38M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$180.86K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$111.56K	USD	Point-in-time
Distributions	`DividendsPayableCurrent`	$5.62M	USD	Point-in-time
Distributions	`DividendsPayableCurrent`	$6.00M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$5.74M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$6.18M	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`	$922.63K	USD	Point-in-time
TOTAL NONCURRENT LIABILITIES	`LiabilitiesNoncurrent`	$1.10M	USD	Point-in-time
TOTAL NONCURRENT LIABILITIES	`LiabilitiesNoncurrent`	$1.53M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$7.28M	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`	$14.13M	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`	$2.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$1.85M	USD	Point-in-time
TOTAL BENEFICIARIES' EQUITY	`StockholdersEquity`	$10.12M	USD	Point-in-time
TOTAL BENEFICIARIES' EQUITY	`StockholdersEquity`	$12.29M	USD	Point-in-time
TOTAL LIABILITIES AND BENEFICIARIES' EQUITY	`LiabilitiesAndStockholdersEquity`	$17.38M	USD	Point-in-time
TOTAL LIABILITIES AND BENEFICIARIES' EQUITY	`LiabilitiesAndStockholdersEquity`	$19.57M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltyRevenue`	$14.35M	USD	3 Qtrs
Royalties	`RoyaltyRevenue`	$6.47M	USD	1 Quarter
Royalties	`RoyaltyRevenue`	$18.43M	USD	3 Qtrs
Royalties	`RoyaltyRevenue`	$6.00M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$180.92K	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$21.19K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$66.86K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$84.05K	USD	3 Qtrs
Total Revenues	`Revenues`	$14.53M	USD	3 Qtrs
Total Revenues	`Revenues`	$18.52M	USD	3 Qtrs
Total Revenues	`Revenues`	$6.07M	USD	1 Quarter
Total Revenues	`Revenues`	$6.49M	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$2.71M	USD	3 Qtrs
Costs and expenses	`CostsAndExpenses`	$2.52M	USD	3 Qtrs
Costs and expenses	`CostsAndExpenses`	$824.14K	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$838.13K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$5.66M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$12.01M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$5.24M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$15.80M	USD	3 Qtrs
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`	$8.01	USD	3 Qtrs
BASIC & DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$10.54	USD	3 Qtrs
BASIC & DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$3.77	USD	1 Quarter
BASIC & DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$3.50	USD	1 Quarter
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$3.75	USD	1 Quarter
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$8.50	USD	3 Qtrs
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$9.25	USD	3 Qtrs
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$4.00	USD	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Cash received from royalties and rents	`ProceedsFromRoyaltiesReceived`	$17.96M	USD	3 Qtrs
Cash received from royalties and rents	`ProceedsFromRoyaltiesReceived`	$12.29M	USD	3 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$2.39M	USD	3 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$2.27M	USD	3 Qtrs
Interest received	`ProceedsFromInterestReceived`	$69.31K	USD	3 Qtrs
Interest received	`ProceedsFromInterestReceived`	$13.75K	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$10.08M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$15.59M	USD	3 Qtrs
U.S. Treasury securities purchased	`PaymentsToAcquireHeldToMaturitySecurities`	$6.08M	USD	3 Qtrs
U.S. Treasury securities purchased	`PaymentsToAcquireHeldToMaturitySecurities`	$2.45M	USD	3 Qtrs
U.S. Treasury securities matured	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$4.28M	USD	3 Qtrs
U.S. Treasury securities matured	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$3.25M	USD	3 Qtrs
Expenditures for building and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.49K	USD	3 Qtrs
Expenditures for building and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.68K	USD	3 Qtrs
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$777.51K	USD	3 Qtrs
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.82M	USD	3 Qtrs
Distributions paid	`PaymentsOfDividends`	$13.50M	USD	3 Qtrs
Distributions paid	`PaymentsOfDividends`	$11.03M	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-11.03M	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-13.50M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$273.13K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-164.17K	USD	3 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$668.31K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$760.06K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$941.44K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$924.23K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT SEPTEMBER 30	`CashAndCashEquivalentsAtCarryingValue`	$668.31K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT SEPTEMBER 30	`CashAndCashEquivalentsAtCarryingValue`	$760.06K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT SEPTEMBER 30	`CashAndCashEquivalentsAtCarryingValue`	$941.44K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT SEPTEMBER 30	`CashAndCashEquivalentsAtCarryingValue`	$924.23K	USD	Point-in-time

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