10-Q Filing

TEXAS PACIFIC LAND TRUST CIK: 97517 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001437749-11-005522`
Period End Date	20110630
Filing Date	20110805
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	tpl-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 58 Cash Flow Statement 41

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.26M	USD	Point-in-time
Certificates of Proprietary Interest, par value	`PreferredStockParOrStatedValuePerShare`	$100.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.15M	USD	Point-in-time
Certificates of Proprietary Interest, par value	`PreferredStockParOrStatedValuePerShare`	$100.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.09M	USD	Point-in-time
Accrued receivables	`OtherReceivables`	$2.42M	USD	Point-in-time
Accrued receivables	`OtherReceivables`	$2.16M	USD	Point-in-time
Certificates of Proprietary Interest, outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Certificates of Proprietary Interest, outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other assets	`OtherAssets`	$29.30K	USD	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, par value	`CommonStockParOrStatedValuePerShare`	$0.03	USD	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, par value	`CommonStockParOrStatedValuePerShare`	$0.03	USD	Point-in-time
Other assets	`OtherAssets`	$73.26K	USD	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, outstanding (in Shares)	`CommonStockSharesOutstanding`	9.38M	shares	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, outstanding (in Shares)	`CommonStockSharesOutstanding`	9.55M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$57.89K	USD	Point-in-time
Notes receivable for land sales	`NotesAndLoansReceivableNetNoncurrent`	$14.34M	USD	Point-in-time
Notes receivable for land sales	`NotesAndLoansReceivableNetNoncurrent`	$12.53M	USD	Point-in-time
Water wells, leasehold improvements, furniture and equipment at cost less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$39.41K	USD	Point-in-time
Water wells, leasehold improvements, furniture and equipment at cost less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$50.06K	USD	Point-in-time
1/16 nonparticipating perpetual royalty interest in 386,988 acres in 2011 and 2010	`NonparticipatingPerpetualRoyaltyInterest1_16`	-	USD	Point-in-time
1/16 nonparticipating perpetual royalty interest in 386,988 acres in 2011 and 2010	`NonparticipatingPerpetualRoyaltyInterest1_16`	-	USD	Point-in-time
1/128 nonparticipating perpetual royalty interest in 85,414 acres in 2011 and 2010	`NonparticipatingPerpetualRoyaltyInterest1_128`	-	USD	Point-in-time
1/128 nonparticipating perpetual royalty interest in 85,414 acres in 2011 and 2010	`NonparticipatingPerpetualRoyaltyInterest1_128`	-	USD	Point-in-time
Assets	`Assets`	$-24.99M	USD	Point-in-time
Assets	`Assets`	$-24.28M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$987.17K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$976.20K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$149.23K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$540.30K	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrentAndNoncurrent`	$87.42K	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrentAndNoncurrent`	$170.88K	USD	Point-in-time
Unearned revenues	`DeferredRevenueCurrent`	$755.20K	USD	Point-in-time
Unearned revenues	`DeferredRevenueCurrent`	$755.20K	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$4.28M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.68M	USD	Point-in-time
Pension plan liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$492.62K	USD	Point-in-time
Pension plan liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$436.34K	USD	Point-in-time
Total liabilities	`Liabilities`	$6.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.62M	USD	Point-in-time
Certificates of Proprietary Interest, par value $100 each; outstanding 0 certificates	`PreferredStockValue`	-	USD	Point-in-time
Certificates of Proprietary Interest, par value $100 each; outstanding 0 certificates	`PreferredStockValue`	-	USD	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, par value $.03 1/3 each; outstanding: 9,381,801 Sub-shares in 2011 and 9,548,444 Sub-shares in 2010	`CommonStockValue`	-	USD	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, par value $.03 1/3 each; outstanding: 9,381,801 Sub-shares in 2011 and 9,548,444 Sub-shares in 2010	`CommonStockValue`	-	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-515.72K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-496.23K	USD	Point-in-time
Net proceeds from all sources	`RetainedEarningsUnappropriated`	$18.82M	USD	Point-in-time
Net proceeds from all sources	`RetainedEarningsUnappropriated`	$18.16M	USD	Point-in-time
Total capital	`StockholdersEquity`	$18.30M	USD	Point-in-time
Total capital	`StockholdersEquity`	$17.66M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$24.28M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$24.99M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Rentals, royalties and sundry income	`RoyaltyRevenue`	$8.23M	USD	2 Qtrs
Rentals, royalties and sundry income	`RoyaltyRevenue`	$4.89M	USD	1 Quarter
Rentals, royalties and sundry income	`RoyaltyRevenue`	$9.84M	USD	2 Qtrs
Rentals, royalties and sundry income	`RoyaltyRevenue`	$4.63M	USD	1 Quarter
Land sales	`LandSales`	$4.19M	USD	2 Qtrs
Land sales	`LandSales`	$1.94M	USD	2 Qtrs
Land sales	`LandSales`	$1.57M	USD	1 Quarter
Land sales	`LandSales`	$3.68M	USD	1 Quarter
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$552.18K	USD	2 Qtrs
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$477.33K	USD	2 Qtrs
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$274.23K	USD	1 Quarter
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$228.31K	USD	1 Quarter
Revenues	`Revenues`	$14.51M	USD	2 Qtrs
Revenues	`Revenues`	$6.47M	USD	1 Quarter
Revenues	`Revenues`	$8.79M	USD	1 Quarter
Revenues	`Revenues`	$10.72M	USD	2 Qtrs
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$393.04K	USD	2 Qtrs
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$463.93K	USD	2 Qtrs
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$234.47K	USD	1 Quarter
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$188.58K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$697.98K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$551.97K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.25M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.16M	USD	2 Qtrs
CostsAndExpenses	`CostsAndExpenses`	$1.64M	USD	2 Qtrs
CostsAndExpenses	`CostsAndExpenses`	$786.44K	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$1.62M	USD	2 Qtrs
CostsAndExpenses	`CostsAndExpenses`	$886.56K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$12.89M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$8.01M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.59M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$9.07M	USD	2 Qtrs
Interest income earned from investments	`InvestmentIncomeInterest`	$4.39K	USD	1 Quarter
Interest income earned from investments	`InvestmentIncomeInterest`	$12.29K	USD	2 Qtrs
Interest income earned from investments	`InvestmentIncomeInterest`	$8.73K	USD	2 Qtrs
Interest income earned from investments	`InvestmentIncomeInterest`	$6.08K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.09M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.90M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.59M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$1.79M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$2.60M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$2.84M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$4.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.78M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.42M	USD	1 Quarter
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.77M	shares	1 Quarter
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.80M	shares	2 Qtrs
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.43M	shares	1 Quarter
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.46M	shares	2 Qtrs
Basic and dilutive earnings per sub-share certificate (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.58	USD	1 Quarter
Basic and dilutive earnings per sub-share certificate (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.93	USD	2 Qtrs
Basic and dilutive earnings per sub-share certificate (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.39	USD	1 Quarter
Basic and dilutive earnings per sub-share certificate (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.64	USD	2 Qtrs
Cash dividends per sub-share certificate	`PaymentsOfCapitalDistribution`	$0.21	USD	2 Qtrs
Cash dividends per sub-share certificate	`PaymentsOfCapitalDistribution`	$0.20	USD	2 Qtrs

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.78M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.42M	USD	1 Quarter
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-194.90K	USD	2 Qtrs
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-605.67K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.46K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.24K	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$2.88K	USD	2 Qtrs
Accrued receivables and other assets	`IncreaseDecreaseInReceivables`	$-208.59K	USD	2 Qtrs
Accrued receivables and other assets	`IncreaseDecreaseInReceivables`	$-186.09K	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$57.89K	USD	2 Qtrs
Notes receivable for land sales	`IncreaseDecreaseInNotesReceivables`	$615.08K	USD	2 Qtrs
Notes receivable for land sales	`IncreaseDecreaseInNotesReceivables`	$1.81M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$170.20K	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$21.36K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$391.06K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$449.16K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.39M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.96M	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.50K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.89K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.67K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.17K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.89K	USD	2 Qtrs
Purchase of Sub-share Certificates in Certificates of Proprietary Interest	`StockRepurchasedDuringPeriodValue`	$-7.44M	USD	2 Qtrs
Purchase of Sub-share Certificates in Certificates of Proprietary Interest	`StockRepurchasedDuringPeriodValue`	$-4.87M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$1.97M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$2.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.44M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.84M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$106.38K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$941.67K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.26M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.15M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.09M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.26M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.15M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.09M	USD	Point-in-time

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