10-Q Filing

TEXAS PACIFIC LAND TRUST CIK: 97517 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-12-007658`
Period End Date	20120630
Filing Date	20120803
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	tpl-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 66 Cash Flow Statement 42 Comprehensive Income 4

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Acres	`LandInAcres`	10,125.00	acre	Point-in-time
Acres	`LandInAcres`	10,125.00	acre	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.03M	USD	Point-in-time
Land (surface rights) in acres	`SurfaceRightsInAcres`	918,650.00	acre	Point-in-time
Land (surface rights) in acres	`SurfaceRightsInAcres`	911,398.00	acre	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.59M	USD	Point-in-time
Accrued receivables	`OtherReceivables`	$2.79M	USD	Point-in-time
Number of lots	`NumberOfLots`	318.00	pure	Point-in-time
Number of lots	`NumberOfLots`	318.00	pure	Point-in-time
Accrued receivables	`OtherReceivables`	$2.26M	USD	Point-in-time
Other assets	`OtherAssets`	$82.06K	USD	Point-in-time
Other assets	`OtherAssets`	$32.82K	USD	Point-in-time
Certificates of Proprietary Interest, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$100.00	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$105.36K	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
Certificates of Proprietary Interest, outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Notes receivable for land sales	`NotesAndLoansReceivableNetNoncurrent`	$10.18M	USD	Point-in-time
Notes receivable for land sales	`NotesAndLoansReceivableNetNoncurrent`	$10.35M	USD	Point-in-time
Water wells, vehicles, furniture, and equipment at cost less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$71.26K	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
Water wells, vehicles, furniture, and equipment at cost less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$48.17K	USD	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, outstanding (in Shares)	`CommonStockSharesOutstanding`	9.18M	shares	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, outstanding (in Shares)	`CommonStockSharesOutstanding`	8.98M	shares	Point-in-time
Assets	`Assets`	$-25.36M	USD	Point-in-time
Assets	`Assets`	$-27.43M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$877.26K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.38M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$128.37K	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrentAndNoncurrent`	$97.71K	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrentAndNoncurrent`	$157.92K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$990.58K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$834.12K	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.95M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.91M	USD	Point-in-time
Pension plan liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$583.33K	USD	Point-in-time
Pension plan liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$539.97K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.89M	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: 8,975,631 Sub-shares in 2012 and 9,175,414 Sub-shares in 2011	`CommonStockValue`	-	USD	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, par value $.03 1/3 each; outstanding: 8,975,631 Sub-shares in 2012 and 9,175,414 Sub-shares in 2011	`CommonStockValue`	-	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-811.60K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-834.31K	USD	Point-in-time
Net proceeds from all sources	`RetainedEarningsUnappropriated`	$20.53M	USD	Point-in-time
Net proceeds from all sources	`RetainedEarningsUnappropriated`	$21.38M	USD	Point-in-time
Total capital	`StockholdersEquity`	$20.55M	USD	Point-in-time
Total capital	`StockholdersEquity`	$19.71M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$25.36M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$27.43M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Rentals, royalties and sundry income	`RoyaltyRevenue`	$6.28M	USD	1 Quarter
Rentals, royalties and sundry income	`RoyaltyRevenue`	$4.89M	USD	1 Quarter
Rentals, royalties and sundry income	`RoyaltyRevenue`	$12.10M	USD	2 Qtrs
Rentals, royalties and sundry income	`RoyaltyRevenue`	$9.84M	USD	2 Qtrs
Land sales	`LandSales`	$4.19M	USD	2 Qtrs
Land sales	`LandSales`	$5.81M	USD	2 Qtrs
Land sales	`LandSales`	$2.24M	USD	1 Quarter
Land sales	`LandSales`	$3.68M	USD	1 Quarter
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$228.31K	USD	1 Quarter
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$362.85K	USD	2 Qtrs
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$477.33K	USD	2 Qtrs
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$180.49K	USD	1 Quarter
Revenues	`Revenues`	$14.51M	USD	2 Qtrs
Revenues	`Revenues`	$8.70M	USD	1 Quarter
Revenues	`Revenues`	$8.79M	USD	1 Quarter
Revenues	`Revenues`	$18.28M	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`	$219.90K	USD	1 Quarter
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$463.51K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.09M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$551.97K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$530.73K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.16M	USD	2 Qtrs
CostsAndExpenses	`CostsAndExpenses`	$1.62M	USD	2 Qtrs
CostsAndExpenses	`CostsAndExpenses`	$1.55M	USD	2 Qtrs
CostsAndExpenses	`CostsAndExpenses`	$750.63K	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$786.44K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.72M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$7.95M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$8.01M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$12.89M	USD	2 Qtrs
Interest income earned from investments	`InvestmentIncomeInterest`	$10.20K	USD	2 Qtrs
Interest income earned from investments	`InvestmentIncomeInterest`	$4.39K	USD	1 Quarter
Interest income earned from investments	`InvestmentIncomeInterest`	$8.73K	USD	2 Qtrs
Interest income earned from investments	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.73M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.90M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.96M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$2.60M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$4.12M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$5.51M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$2.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.22M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.78M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.28M	USD	1 Quarter
Other comprehensive income periodic pension costs, net of income taxes of $6,116, $5,248, $12,233, and $10,495 respectively	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax`	$-9.74K	USD	1 Quarter
Other comprehensive income periodic pension costs, net of income taxes of $6,116, $5,248, $12,233, and $10,495 respectively	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax`	$-22.72K	USD	2 Qtrs
Other comprehensive income periodic pension costs, net of income taxes of $6,116, $5,248, $12,233, and $10,495 respectively	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax`	$-19.49K	USD	2 Qtrs
Other comprehensive income periodic pension costs, net of income taxes of $6,116, $5,248, $12,233, and $10,495 respectively	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax`	$-11.36K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.25M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.79M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.43M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.30M	USD	1 Quarter
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
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.03M	shares	1 Quarter
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.06M	shares	2 Qtrs
Basic and dilutive earnings per sub-share certificate on net income (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.59	USD	1 Quarter
Basic and dilutive earnings per sub-share certificate on net income (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.24	USD	2 Qtrs
Basic and dilutive earnings per sub-share certificate on net income (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.93	USD	2 Qtrs
Basic and dilutive earnings per sub-share certificate on net income (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.58	USD	1 Quarter
Cash dividends per sub-share certificate	`PaymentsOfCapitalDistribution`	$0.21	USD	2 Qtrs
Cash dividends per sub-share certificate	`PaymentsOfCapitalDistribution`	$0.23	USD	2 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.22M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.78M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.28M	USD	1 Quarter
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-43.15K	USD	2 Qtrs
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-605.67K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.24K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.54K	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$2.47K	USD	2 Qtrs
Accrued receivables and other assets	`IncreaseDecreaseInReceivables`	$582.40K	USD	2 Qtrs
Accrued receivables and other assets	`IncreaseDecreaseInReceivables`	$-208.59K	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$57.89K	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-105.36K	USD	2 Qtrs
Notes receivable for land sales	`IncreaseDecreaseInNotesReceivables`	$1.81M	USD	2 Qtrs
Notes receivable for land sales	`IncreaseDecreaseInNotesReceivables`	$171.26K	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$170.20K	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$80.70K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.25M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$391.06K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.39M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.67M	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$13.50K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.89K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.60K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-32.10K	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`	$-9.99M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$2.09M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$2.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.08M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.44M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$941.67K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.44M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.09M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.03M	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`	$11.59M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.09M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.03M	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`	$11.59M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Net of income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$5.25K	USD	1 Quarter
Net of income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$10.49K	USD	2 Qtrs
Net of income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$12.23K	USD	2 Qtrs
Net of income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$6.12K	USD	1 Quarter

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