10-Q Filing

GREAT NORTHERN IRON ORE PROPERTIES CIK: 43410 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000897101-14-000539`
Period End Date	20140331
Filing Date	20140429
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	gni-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 18 Cash Flow Statement 28 Comprehensive Income 9

Balance Sheet 57 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`	$997.42K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$643.43K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$712.20K	USD	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesCurrent`	$8.24M	USD	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesCurrent`	$5.47M	USD	Point-in-time
Royalties receivable	`ReceivablesNetCurrent`	$4.45M	USD	Point-in-time
Royalties receivable	`ReceivablesNetCurrent`	$4.03M	USD	Point-in-time
Prepaid expenses	`PrepaidInsurance`	$78.11K	USD	Point-in-time
Prepaid expenses	`PrepaidInsurance`	$2.11K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$10.63M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$13.44M	USD	Point-in-time
United States Treasury securities	`HeldToMaturitySecuritiesNoncurrent`	$2.88M	USD	Point-in-time
Prepaid pension costs	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$475.39K	USD	Point-in-time
Prepaid pension costs	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$587.16K	USD	Point-in-time
NONCURRENT ASSETS	`OtherAssetsNoncurrent`	$3.47M	USD	Point-in-time
NONCURRENT ASSETS	`OtherAssetsNoncurrent`	$475.39K	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
Accumulated depletion and amortization	`MineralPropertiesAccumulatedDepletion`	$38.77M	USD	Point-in-time
Accumulated depletion and amortization	`MineralPropertiesAccumulatedDepletion`	$38.59M	USD	Point-in-time
Mineral and surface lands, net	`MineralPropertiesNet`	$887.13K	USD	Point-in-time
Mineral and surface lands, net	`MineralPropertiesNet`	$713.13K	USD	Point-in-time
Building and equipment	`PropertyPlantAndEquipmentGross`	$335.77K	USD	Point-in-time
Building and equipment	`PropertyPlantAndEquipmentGross`	$335.77K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$263.96K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$277.73K	USD	Point-in-time
Building and equipment, net	`PropertyPlantAndEquipmentNet`	$71.80K	USD	Point-in-time
Building and equipment, net	`PropertyPlantAndEquipmentNet`	$58.04K	USD	Point-in-time
TOTAL PROPERTIES	`TotalProperties`	$771.17K	USD	Point-in-time
TOTAL PROPERTIES	`TotalProperties`	$958.93K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$14.69M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$15.06M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$115.16K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$92.36K	USD	Point-in-time
Distributions	`DividendsPayableCurrent`	$3.98M	USD	Point-in-time
Distributions	`DividendsPayableCurrent`	$3.38M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$4.07M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.49M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$244.30K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$244.30K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.73M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$4.31M	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	`CommonStockValue`	$11.81M	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	`CommonStockValue`	$11.61M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-857.54K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-861.91K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.25M	USD	Point-in-time
TOTAL BENEFICIARIES' EQUITY	`StockholdersEquity`	$10.75M	USD	Point-in-time
TOTAL BENEFICIARIES' EQUITY	`StockholdersEquity`	$10.95M	USD	Point-in-time
TOTAL LIABILITIES AND BENEFICIARIES' EQUITY	`LiabilitiesAndStockholdersEquity`	$15.06M	USD	Point-in-time
TOTAL LIABILITIES AND BENEFICIARIES' EQUITY	`LiabilitiesAndStockholdersEquity`	$14.69M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltyRevenue`	$4.71M	USD	1 Quarter
Royalties	`RoyaltyRevenue`	$4.31M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$281.82K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$26.31K	USD	1 Quarter
TOTAL REVENUES	`Revenues`	$4.73M	USD	1 Quarter
TOTAL REVENUES	`Revenues`	$4.59M	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$1.04M	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$1.02M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.57M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.69M	USD	1 Quarter
Distributions declared	`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
Distributions declared	`CommonStockDividendsPerShareDeclared`	$2.25	USD	1 Quarter
BASIC & DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$2.38	USD	1 Quarter
BASIC & DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$2.46	USD	1 Quarter
Distributions declared	`CommonStockDividendsPerShareDeclared`	$2.25	USD	1 Quarter
Distributions declared	`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`	$5.00M	USD	1 Quarter
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$764.69K	USD	1 Quarter
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$712.33K	USD	1 Quarter
Interest received	`ProceedsFromInterestReceived`	$28.18K	USD	1 Quarter
Interest received	`ProceedsFromInterestReceived`	$12.46K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$4.25M	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$3.68M	USD	1 Quarter
United States Treasury securities purchased	`PaymentsToAcquireHeldToMaturitySecurities`	$2.73M	USD	1 Quarter
United States Treasury securities purchased	`PaymentsToAcquireHeldToMaturitySecurities`	$675.00K	USD	1 Quarter
United States Treasury securities matured	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$2.83M	USD	1 Quarter
United States Treasury securities matured	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$5.22M	USD	1 Quarter
NET CASH PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$4.55M	USD	1 Quarter
NET CASH PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$100.00K	USD	1 Quarter
Distributions paid	`PaymentsOfDividends`	$3.98M	USD	1 Quarter
Distributions paid	`PaymentsOfDividends`	$7.88M	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-7.88M	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-3.98M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$353.99K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$372.40K	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$997.42K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$643.43K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$712.20K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$997.42K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$643.43K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$712.20K	USD	Point-in-time

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$3.57M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.69M	USD	1 Quarter
Amortization of prior service cost included in net periodic pension cost	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$4.37K	USD	1 Quarter
Amortization of prior service cost included in net periodic pension cost	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$4.37K	USD	1 Quarter
Amortization of net loss included in net periodic pension cost	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-165.88K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$4.37K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$170.25K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$3.86M	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$3.58M	USD	1 Quarter

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