10-Q Filing

TEXAS PACIFIC LAND TRUST CIK: 97517 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001437749-11-008160`
Period End Date	20110930
Filing Date	20111107
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	tpl-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 57 Cash Flow Statement 41

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.31M	USD	Point-in-time
Land in Acres	`LandInAcres`	10,793.00	A	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Land in Acres	`LandInAcres`	10,793.00	A	Point-in-time
Surface rights in acres	`SurfaceRightsInAcres`	949,423.00	A	Point-in-time
Surface rights in acres	`SurfaceRightsInAcres`	936,168.00	A	Point-in-time
Accrued receivables	`OtherReceivables`	$2.16M	USD	Point-in-time
Accrued receivables	`OtherReceivables`	$2.63M	USD	Point-in-time
Other assets	`OtherAssets`	$7.33K	USD	Point-in-time
Other assets	`OtherAssets`	$73.26K	USD	Point-in-time
Number of Lots	`NumberOfLots`	318.00	pure	Point-in-time
Number of Lots	`NumberOfLots`	318.00	pure	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`	$10.89M	USD	Point-in-time
Certificates of Proprietary Interest, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$100.00	USD	Point-in-time
Certificates of Proprietary Interest, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$100.00	USD	Point-in-time
Certificates of Proprietary Interest, outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Water wells, leasehold improvements, furniture and equipment at cost less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$39.41K	USD	Point-in-time
Certificates of Proprietary Interest, outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Water wells, leasehold improvements, furniture and equipment at cost less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$46.95K	USD	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.03	USD	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.03	USD	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, outstanding (in Shares)	`CommonStockSharesOutstanding`	9.29M	shares	Point-in-time
1/16 nonparticipating perpetual royalty interest in 386,988 acres in 2011 and 2010	`NonparticipatingPerpetualRoyaltyInterest1_16`	-	USD	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, outstanding (in Shares)	`CommonStockSharesOutstanding`	9.55M	shares	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`	$-25.05M	USD	Point-in-time
Assets	`Assets`	$-24.99M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$774.24K	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`	$764.77K	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrentAndNoncurrent`	$208.37K	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrentAndNoncurrent`	$87.42K	USD	Point-in-time
Unearned revenues	`DeferredRevenueCurrent`	$755.20K	USD	Point-in-time
Unearned revenues	`DeferredRevenueCurrent`	$772.54K	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$4.28M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.12M	USD	Point-in-time
Pension plan liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$436.34K	USD	Point-in-time
Pension plan liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$520.77K	USD	Point-in-time
Total liabilities	`Liabilities`	$6.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.16M	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: 9,287,324 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: 9,287,324 Sub-shares in 2011 and 9,548,444 Sub-shares in 2010	`CommonStockValue`	-	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-486.49K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-515.72K	USD	Point-in-time
Net proceeds from all sources	`RetainedEarningsUnappropriated`	$19.38M	USD	Point-in-time
Net proceeds from all sources	`RetainedEarningsUnappropriated`	$18.82M	USD	Point-in-time
Total capital	`StockholdersEquity`	$18.30M	USD	Point-in-time
Total capital	`StockholdersEquity`	$18.90M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$24.99M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$25.05M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Rentals, royalties and sundry income	`RoyaltyRevenue`	$11.85M	USD	3 Qtrs
Rentals, royalties and sundry income	`RoyaltyRevenue`	$3.62M	USD	1 Quarter
Rentals, royalties and sundry income	`RoyaltyRevenue`	$5.39M	USD	1 Quarter
Rentals, royalties and sundry income	`RoyaltyRevenue`	$15.23M	USD	3 Qtrs
Land sales	`LandSales`	$7.15M	USD	3 Qtrs
Land sales	`LandSales`	$2.96M	USD	1 Quarter
Land sales	`LandSales`	$1.94M	USD	3 Qtrs
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$821.25K	USD	3 Qtrs
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$688.66K	USD	3 Qtrs
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$269.07K	USD	1 Quarter
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$211.33K	USD	1 Quarter
Revenues	`Revenues`	$23.07M	USD	3 Qtrs
Revenues	`Revenues`	$14.61M	USD	3 Qtrs
Revenues	`Revenues`	$8.56M	USD	1 Quarter
Revenues	`Revenues`	$3.89M	USD	1 Quarter
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$578.23K	USD	3 Qtrs
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$241.96K	USD	1 Quarter
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$705.89K	USD	3 Qtrs
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$185.19K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$470.31K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.63M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$497.50K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.75M	USD	3 Qtrs
CostsAndExpenses	`CostsAndExpenses`	$712.26K	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$2.33M	USD	3 Qtrs
CostsAndExpenses	`CostsAndExpenses`	$2.33M	USD	3 Qtrs
CostsAndExpenses	`CostsAndExpenses`	$682.70K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$20.73M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$7.84M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$12.28M	USD	3 Qtrs
Interest income earned from investments	`InvestmentIncomeInterest`	$4.58K	USD	1 Quarter
Interest income earned from investments	`InvestmentIncomeInterest`	$13.32K	USD	3 Qtrs
Interest income earned from investments	`InvestmentIncomeInterest`	$20.84K	USD	3 Qtrs
Interest income earned from investments	`InvestmentIncomeInterest`	$8.55K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.75M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.30M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.21M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.85M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$3.82M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$2.59M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$6.71M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$983.50K	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.48M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.23M	USD	1 Quarter
Average number of sub-share certificates and equivalent sub- share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.34M	shares	1 Quarter
Average number of sub-share certificates and equivalent sub- share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.40M	shares	3 Qtrs
Average number of sub-share certificates and equivalent sub- share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.68M	shares	1 Quarter
Average number of sub-share certificates and equivalent sub- share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.74M	shares	3 Qtrs
Basic and dilutive earnings per sub-share certificate (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.87	USD	3 Qtrs
Basic and dilutive earnings per sub-share certificate (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.49	USD	3 Qtrs
Basic and dilutive earnings per sub-share certificate (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.23	USD	1 Quarter
Basic and dilutive earnings per sub-share certificate (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.56	USD	1 Quarter
Cash dividends per sub-share certificate	`PaymentsOfCapitalDistribution`	$0.21	USD	3 Qtrs
Cash dividends per sub-share certificate	`PaymentsOfCapitalDistribution`	$0.20	USD	3 Qtrs

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.48M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.23M	USD	1 Quarter
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.17M	USD	3 Qtrs
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-296.52K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.36K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.46K	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$2.88K	USD	3 Qtrs
Accrued receivables and other assets	`IncreaseDecreaseInReceivables`	$-403.24K	USD	3 Qtrs
Accrued receivables and other assets	`IncreaseDecreaseInReceivables`	$-158.89K	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$57.89K	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-407.07K	USD	3 Qtrs
Notes receivable for land sales	`IncreaseDecreaseInNotesReceivables`	$3.45M	USD	3 Qtrs
Notes receivable for land sales	`IncreaseDecreaseInNotesReceivables`	$933.47K	USD	3 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$49.99K	USD	3 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$39.09K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$615.54K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.65M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.60M	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.50K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.89K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.67K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.17K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.89K	USD	3 Qtrs
Purchase of Sub-share Certificates in Certificates of Proprietary Interest	`StockRepurchasedDuringPeriodValue`	$-11.47M	USD	3 Qtrs
Purchase of Sub-share Certificates in Certificates of Proprietary Interest	`StockRepurchasedDuringPeriodValue`	$-7.50M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$2.00M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$1.97M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.46M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.47M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-881.15K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.16M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.27M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.31M	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`	$7.15M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.27M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.31M	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`	$7.15M	USD	Point-in-time

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