10-K Filing

GREAT NORTHERN IRON ORE PROPERTIES CIK: 43410 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0000897101-12-000229`
Period End Date	20111231
Filing Date	20120217
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	gni-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 39 Cash Flow Statement 71 Stockholders Equity 32

Balance Sheet 58 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
Beneficiaries' equity - outstanding	`CommonStockSharesOutstanding`	1.50M	shares	Point-in-time
Beneficiaries' equity - outstanding	`CommonStockSharesOutstanding`	1.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$750.95K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$924.23K	USD	Point-in-time
United States Treasury securities (Note 4)	`HeldToMaturitySecuritiesCurrent`	$5.11M	USD	Point-in-time
United States Treasury securities (Note 4)	`HeldToMaturitySecuritiesCurrent`	$5.01M	USD	Point-in-time
Royalties receivable	`ReceivablesNetCurrent`	$7.91M	USD	Point-in-time
Royalties receivable	`ReceivablesNetCurrent`	$6.04M	USD	Point-in-time
Prepaid expenses	`PrepaidInsurance`	$2.11K	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`	$13.77M	USD	Point-in-time
United States Treasury securities (Note 4)	`HeldToMaturitySecuritiesNoncurrent`	$3.03M	USD	Point-in-time
United States Treasury securities (Note 4)	`HeldToMaturitySecuritiesNoncurrent`	$4.76M	USD	Point-in-time
Mineral and surface lands (Notes 4 and 5)	`MineralPropertiesGross`	$39.48M	USD	Point-in-time
Mineral and surface lands (Notes 4 and 5)	`MineralPropertiesGross`	$39.13M	USD	Point-in-time
Accumulated depletion and amortization	`MineralPropertiesAccumulatedDepletion`	$36.61M	USD	Point-in-time
Accumulated depletion and amortization	`MineralPropertiesAccumulatedDepletion`	$37.20M	USD	Point-in-time
Subtotal	`MineralPropertiesNet`	$2.28M	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
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$196.07K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$212.56K	USD	Point-in-time
Subtotal	`PropertyPlantAndEquipmentNet`	$104.26K	USD	Point-in-time
Subtotal	`PropertyPlantAndEquipmentNet`	$117.76K	USD	Point-in-time
TOTAL PROPERTIES	`TotalProperties`	$2.38M	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`	$20.91M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$128.86K	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`	$8.62M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$5.74M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$8.75M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$209.60K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$181.50K	USD	Point-in-time
Liability for pension benefits (Note 7)	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$1.35M	USD	Point-in-time
Liability for pension benefits (Note 7)	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$1.64M	USD	Point-in-time
TOTAL NONCURRENT LIABILITIES	`LiabilitiesNoncurrent`	$1.53M	USD	Point-in-time
TOTAL NONCURRENT LIABILITIES	`LiabilitiesNoncurrent`	$1.85M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$10.61M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$7.27M	USD	Point-in-time
Certificate holders' equity, represented by 1,500,000 certificates (shares or units) of beneficial interest authorized and outstanding, and the reversionary interest (Notes 2 and 6)	`CommonStockValue`	$12.75M	USD	Point-in-time
Certificate holders' equity, represented by 1,500,000 certificates (shares or units) of beneficial interest authorized and outstanding, and the reversionary interest (Notes 2 and 6)	`CommonStockValue`	$12.20M	USD	Point-in-time
Accumulated other comprehensive loss (Note 7)	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$2.44M	USD	Point-in-time
Accumulated other comprehensive loss (Note 7)	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$2.09M	USD	Point-in-time
TOTAL BENEFICIARIES' EQUITY	`StockholdersEquity`	$10.31M	USD	Point-in-time
TOTAL BENEFICIARIES' EQUITY	`StockholdersEquity`	$11.07M	USD	Point-in-time
TOTAL BENEFICIARIES' EQUITY	`StockholdersEquity`	$10.12M	USD	Point-in-time
TOTAL BENEFICIARIES' EQUITY	`StockholdersEquity`	$11.07M	USD	Point-in-time
TOTAL LIABILITIES AND BENEFICIARIES' EQUITY	`LiabilitiesAndStockholdersEquity`	$17.38M	USD	Point-in-time
TOTAL LIABILITIES AND BENEFICIARIES' EQUITY	`LiabilitiesAndStockholdersEquity`	$20.91M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltyRevenue`	$20.63M	USD	Annual
Royalties	`RoyaltyRevenue`	$26.61M	USD	Annual
Royalties	`RoyaltyRevenue`	$14.57M	USD	Annual
Interest earned	`InterestIncomeSecuritiesUSTreasury`	$48.23K	USD	Annual
Interest earned	`InterestIncomeSecuritiesUSTreasury`	$158.02K	USD	Annual
Interest earned	`InterestIncomeSecuritiesUSTreasury`	$74.73K	USD	Annual
Rent and other income	`OtherIncome`	$157.79K	USD	Annual
Rent and other income	`OtherIncome`	$102.98K	USD	Annual
Rent and other income	`OtherIncome`	$75.43K	USD	Annual
TOTAL REVENUES	`Revenues`	$26.74M	USD	Annual
TOTAL REVENUES	`Revenues`	$14.83M	USD	Annual
TOTAL REVENUES	`Revenues`	$20.87M	USD	Annual
Royalty costs	`RoyaltyExpense`	$4.62K	USD	Annual
Royalty costs	`RoyaltyExpense`	$4.62K	USD	Annual
Royalty costs	`RoyaltyExpense`	$4.62K	USD	Annual
Real estate and payroll taxes	`TaxesExcludingIncomeAndExciseTaxes`	$169.79K	USD	Annual
Real estate and payroll taxes	`TaxesExcludingIncomeAndExciseTaxes`	$190.04K	USD	Annual
Real estate and payroll taxes	`TaxesExcludingIncomeAndExciseTaxes`	$166.57K	USD	Annual
Inspection and care of properties	`AssetManagementCosts`	$596.48K	USD	Annual
Inspection and care of properties	`AssetManagementCosts`	$556.91K	USD	Annual
Inspection and care of properties	`AssetManagementCosts`	$590.46K	USD	Annual
Administrative and general	`GeneralAndAdministrativeExpense`	$2.28M	USD	Annual
Administrative and general	`GeneralAndAdministrativeExpense`	$2.02M	USD	Annual
Administrative and general	`GeneralAndAdministrativeExpense`	$2.05M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$618.99K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$601.77K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$613.72K	USD	Annual
TOTAL EXPENSES	`CostsAndExpenses`	$3.40M	USD	Annual
TOTAL EXPENSES	`CostsAndExpenses`	$3.38M	USD	Annual
TOTAL EXPENSES	`CostsAndExpenses`	$3.69M	USD	Annual
NET INCOME	`NetIncomeLoss`	$11.45M	USD	Annual
NET INCOME	`NetIncomeLoss`	$17.47M	USD	Annual
NET INCOME	`NetIncomeLoss`	$23.05M	USD	Annual
WEIGHTED-AVERAGE SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	1.50M	shares	Point-in-time
WEIGHTED-AVERAGE SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	1.50M	shares	Point-in-time
WEIGHTED-AVERAGE SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	1.50M	shares	Point-in-time
BASIC AND DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$15.37	USD	Annual
BASIC AND DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$7.63	USD	Annual
BASIC AND DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$11.65	USD	Annual

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Cash received from royalties and rents	`ProceedsFromRoyaltiesReceived`	$18.33M	USD	Annual
Cash received from royalties and rents	`ProceedsFromRoyaltiesReceived`	$24.47M	USD	Annual
Cash received from royalties and rents	`ProceedsFromRoyaltiesReceived`	$18.04M	USD	Annual
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$3.09M	USD	Annual
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$2.62M	USD	Annual
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$2.92M	USD	Annual
Interest received	`ProceedsFromInterestReceived`	$230.61K	USD	Annual
Interest received	`ProceedsFromInterestReceived`	$20.05K	USD	Annual
Interest received	`ProceedsFromInterestReceived`	$74.08K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$21.40M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$15.48M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$15.65M	USD	Annual
United States Treasury securities purchased	`PaymentsToAcquireHeldToMaturitySecurities`	$10.00M	USD	Annual
United States Treasury securities purchased	`PaymentsToAcquireHeldToMaturitySecurities`	$8.20M	USD	Annual
United States Treasury securities purchased	`PaymentsToAcquireHeldToMaturitySecurities`	$3.58M	USD	Annual
United States Treasury securities matured	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$8.90M	USD	Annual
United States Treasury securities matured	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$4.53M	USD	Annual
United States Treasury securities matured	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$6.40M	USD	Annual
Expenditures for building and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.68K	USD	Annual
Expenditures for building and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.70K	USD	Annual
Expenditures for building and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.20K	USD	Annual
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.82M	USD	Annual
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$911.30K	USD	Annual
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.12M	USD	Annual
Distributions paid	`PaymentsOfDividends`	$14.85M	USD	Annual
Distributions paid	`PaymentsOfDividends`	$16.65M	USD	Annual
Distributions paid	`PaymentsOfDividends`	$19.50M	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-16.65M	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-14.85M	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-19.50M	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$82.64K	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-255.92K	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-318.70K	USD	Annual
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$668.31K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$750.95K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.24M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$924.23K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$668.31K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$750.95K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.24M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$924.23K	USD	Point-in-time
Net income	`NetIncomeLoss`	$11.45M	USD	Annual
Net income	`NetIncomeLoss`	$17.47M	USD	Annual
Net income	`NetIncomeLoss`	$23.05M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$618.99K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$601.77K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$613.72K	USD	Annual
Net periodic pension cost (Note 7)	`PensionExpense`	$533.19K	USD	Annual
Net periodic pension cost (Note 7)	`PensionExpense`	$413.29K	USD	Annual
Net periodic pension cost (Note 7)	`PensionExpense`	$489.73K	USD	Annual
Pension contribution (Note 7)	`PensionContributions`	$577.84K	USD	Annual
Pension contribution (Note 7)	`PensionContributions`	$410.00K	USD	Annual
Pension contribution (Note 7)	`PensionContributions`	$551.12K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$28.18K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$658.00	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-72.59K	USD	Annual
Royalties receivable	`IncreaseDecreaseInReceivables`	$-3.43M	USD	Annual
Royalties receivable	`IncreaseDecreaseInReceivables`	$1.87M	USD	Annual
Royalties receivable	`IncreaseDecreaseInReceivables`	$2.47M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.41K	USD	Annual
Mineral and surface lands	`IncreaseDecreaseInMineralProperties`	$352.65K	USD	Annual
Mineral and surface lands	`IncreaseDecreaseInMineralProperties`	$60.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.30K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.80K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-600.00	USD	Annual
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$25.20K	USD	Annual
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$28.10K	USD	Annual
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$31.50K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$21.40M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$15.48M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$15.65M	USD	Annual

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$15.00	USD	Annual
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$8.00	USD	Annual
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$12.25	USD	Annual
Balance	`StockholdersEquity`	$10.31M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.07M	USD	Point-in-time
Net income	`NetIncomeLoss`	$11.45M	USD	Annual
Net income	`NetIncomeLoss`	$17.47M	USD	Annual
Net income	`NetIncomeLoss`	$23.05M	USD	Annual
Net gain (loss) arising during period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$-285.32K	USD	Annual
Net gain (loss) arising during period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$265.10K	USD	Annual
Net gain (loss) arising during period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$-678.01K	USD	Annual
Amortization of prior service cost	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax`	$17.47K	USD	Annual
Amortization of prior service cost	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax`	$17.47K	USD	Annual
Amortization of prior service cost	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax`	$17.47K	USD	Annual
Amortization of net loss	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$217.71K	USD	Annual
Amortization of net loss	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$306.35K	USD	Annual
Amortization of net loss	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$266.32K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	$548.89K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-50.14K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-354.19K	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$22.69M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.42M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.00M	USD	Annual
Distributions declared	`DividendsCommonStockCash`	$18.38M	USD	Annual
Distributions declared	`DividendsCommonStockCash`	$22.50M	USD	Annual
Distributions declared	`DividendsCommonStockCash`	$12.00M	USD	Annual
Balance	`StockholdersEquity`	$10.31M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.07M	USD	Point-in-time

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