10-Q Filing

GREAT NORTHERN IRON ORE PROPERTIES CIK: 43410 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000897101-13-000575`
Period End Date	20130331
Filing Date	20130425
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	gni-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 18 Cash Flow Statement 28 Comprehensive Income 10

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
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`	$589.33K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$997.42K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$750.95K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$643.43K	USD	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesCurrent`	$8.43M	USD	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesCurrent`	$4.83M	USD	Point-in-time
Royalties receivable	`ReceivablesNetCurrent`	$4.07M	USD	Point-in-time
Royalties receivable	`ReceivablesNetCurrent`	$4.43M	USD	Point-in-time
Prepaid expenses	`PrepaidInsurance`	$2.11K	USD	Point-in-time
Prepaid expenses	`PrepaidInsurance`	$75.76K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$13.14M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$10.34M	USD	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesNoncurrent`	$4.30M	USD	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesNoncurrent`	$3.32M	USD	Point-in-time
Mineral and surface lands	`MineralPropertiesGross`	$39.48M	USD	Point-in-time
Mineral and surface lands	`MineralPropertiesGross`	$39.48M	USD	Point-in-time
Less: Allowances for accumulated depletion and amortization	`MineralPropertiesAccumulatedDepletion`	$38.07M	USD	Point-in-time
Less: Allowances for accumulated depletion and amortization	`MineralPropertiesAccumulatedDepletion`	$37.90M	USD	Point-in-time
Mineral and surface lands, net	`MineralPropertiesNet`	$1.41M	USD	Point-in-time
Mineral and surface lands, net	`MineralPropertiesNet`	$1.58M	USD	Point-in-time
Building and equipment	`PropertyPlantAndEquipmentGross`	$334.54K	USD	Point-in-time
Building and equipment	`PropertyPlantAndEquipmentGross`	$334.54K	USD	Point-in-time
Less: Allowances for accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$236.67K	USD	Point-in-time
Less: Allowances for accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$247.67K	USD	Point-in-time
Building and equipment, net	`PropertyPlantAndEquipmentNet`	$86.87K	USD	Point-in-time
Building and equipment, net	`PropertyPlantAndEquipmentNet`	$97.87K	USD	Point-in-time
TOTAL PROPERTIES	`TotalProperties`	$1.50M	USD	Point-in-time
TOTAL PROPERTIES	`TotalProperties`	$1.68M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$19.12M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$15.15M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$130.06K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$104.26K	USD	Point-in-time
Distributions	`DividendsPayableCurrent`	$3.38M	USD	Point-in-time
Distributions	`DividendsPayableCurrent`	$7.88M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$7.98M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.51M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$229.10K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$229.10K	USD	Point-in-time
Liability for pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$1.51M	USD	Point-in-time
Liability for pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$1.54M	USD	Point-in-time
TOTAL NONCURRENT LIABILITIES	`LiabilitiesNoncurrent`	$1.76M	USD	Point-in-time
TOTAL NONCURRENT LIABILITIES	`LiabilitiesNoncurrent`	$1.74M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$9.72M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.27M	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`	$11.82M	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`	$12.14M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.44M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.25M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.32M	USD	Point-in-time
TOTAL BENEFICIARIES' EQUITY	`StockholdersEquity`	$9.88M	USD	Point-in-time
TOTAL BENEFICIARIES' EQUITY	`StockholdersEquity`	$9.40M	USD	Point-in-time
TOTAL LIABILITIES AND BENEFICIARIES' EQUITY	`LiabilitiesAndStockholdersEquity`	$19.12M	USD	Point-in-time
TOTAL LIABILITIES AND BENEFICIARIES' EQUITY	`LiabilitiesAndStockholdersEquity`	$15.15M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltyRevenue`	$4.71M	USD	1 Quarter
Royalties	`RoyaltyRevenue`	$7.00M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$26.31K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$30.36K	USD	1 Quarter
TOTAL REVENUES	`Revenues`	$7.03M	USD	1 Quarter
TOTAL REVENUES	`Revenues`	$4.73M	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$1.06M	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$1.04M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.69M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$5.97M	USD	1 Quarter
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$2.25	USD	1 Quarter
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$2.25	USD	1 Quarter
Weighted-average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.50M	shares	1 Quarter
Weighted-average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.50M	shares	1 Quarter
BASIC & DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$2.46	USD	1 Quarter
BASIC & DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$3.98	USD	1 Quarter
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$2.25	USD	1 Quarter
Distributions declared per share	`CommonStockDividendsPerShareDeclared`	$2.25	USD	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Cash received from royalties and rents	`ProceedsFromRoyaltiesReceived`	$4.36M	USD	1 Quarter
Cash received from royalties and rents	`ProceedsFromRoyaltiesReceived`	$8.20M	USD	1 Quarter
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$712.33K	USD	1 Quarter
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$720.17K	USD	1 Quarter
Interest received	`ProceedsFromInterestReceived`	$5.01K	USD	1 Quarter
Interest received	`ProceedsFromInterestReceived`	$28.18K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$3.68M	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$7.49M	USD	1 Quarter
United States Treasury securities purchased	`PaymentsToAcquireHeldToMaturitySecurities`	$675.00K	USD	1 Quarter
United States Treasury securities purchased	`PaymentsToAcquireHeldToMaturitySecurities`	$1.62M	USD	1 Quarter
United States Treasury securities matured	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$5.22M	USD	1 Quarter
United States Treasury securities matured	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$2.60M	USD	1 Quarter
NET CASH PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$975.00K	USD	1 Quarter
NET CASH PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$4.55M	USD	1 Quarter
Distributions paid	`PaymentsOfDividends`	$8.62M	USD	1 Quarter
Distributions paid	`PaymentsOfDividends`	$7.88M	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-8.62M	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-7.88M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$353.99K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-161.61K	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$589.33K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$997.42K	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`	$643.43K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT MARCH 31	`CashAndCashEquivalentsAtCarryingValue`	$589.33K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT MARCH 31	`CashAndCashEquivalentsAtCarryingValue`	$997.42K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT MARCH 31	`CashAndCashEquivalentsAtCarryingValue`	$750.95K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT MARCH 31	`CashAndCashEquivalentsAtCarryingValue`	$643.43K	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$3.69M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$5.97M	USD	1 Quarter
Amortization of prior service cost included in net periodic pension cost	`OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax`	$-4.37K	USD	1 Quarter
Amortization of prior service cost included in net periodic pension cost	`OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax`	$-4.37K	USD	1 Quarter
Amortization of net loss included in net periodic pension cost	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$123.10K	USD	1 Quarter
Amortization of net loss included in net periodic pension cost	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$165.88K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$127.47K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$170.25K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$6.10M	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$3.86M	USD	1 Quarter

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