10-Q Filing

TEXAS PACIFIC LAND TRUST CIK: 97517 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-12-011053`
Period End Date	20120930
Filing Date	20121106
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	tpl-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 65 Cash Flow Statement 42 Comprehensive Income 4

Balance Sheet 53 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`	$10.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Accrued receivables	`OtherReceivables`	$2.55M	USD	Point-in-time
Number of lots	`NumberOfLots`	318.00	pure	Point-in-time
Accrued receivables	`OtherReceivables`	$2.79M	USD	Point-in-time
Number of lots	`NumberOfLots`	318.00	pure	Point-in-time
Other assets	`OtherAssets`	$82.06K	USD	Point-in-time
Other assets	`OtherAssets`	$8.21K	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
Prepaid income taxes	`PrepaidTaxes`	$484.51K	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`	$10.35M	USD	Point-in-time
Notes receivable for land sales	`NotesAndLoansReceivableNetNoncurrent`	$9.67M	USD	Point-in-time
Water wells, vehicles, furniture, and equipment at cost less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$68.24K	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, 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`	9.18M	shares	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, outstanding (in Shares)	`CommonStockSharesOutstanding`	8.90M	shares	Point-in-time
Assets	`Assets`	$27.43M	USD	Point-in-time
Assets	`Assets`	$25.22M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$922.68K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$181.19K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.38M	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrentAndNoncurrent`	$199.17K	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrentAndNoncurrent`	$97.71K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$994.58K	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`	$2.74M	USD	Point-in-time
Pension plan liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$539.97K	USD	Point-in-time
Pension plan liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$605.01K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.64M	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: 8,897,633 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: 8,897,633 Sub-shares in 2012 and 9,175,414 Sub-shares in 2011	`CommonStockValue`	-	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-800.24K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-834.31K	USD	Point-in-time
Net proceeds from all sources	`RetainedEarningsUnappropriated`	$21.38M	USD	Point-in-time
Net proceeds from all sources	`RetainedEarningsUnappropriated`	$20.37M	USD	Point-in-time
Total capital	`StockholdersEquity`	$19.57M	USD	Point-in-time
Total capital	`StockholdersEquity`	$20.55M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$27.43M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$25.22M	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
Rentals, royalties and sundry income	`RoyaltyRevenue`	$5.39M	USD	1 Quarter
Rentals, royalties and sundry income	`RoyaltyRevenue`	$6.86M	USD	1 Quarter
Rentals, royalties and sundry income	`RoyaltyRevenue`	$18.96M	USD	3 Qtrs
Rentals, royalties and sundry income	`RoyaltyRevenue`	$15.23M	USD	3 Qtrs
Land sales	`LandSales`	$7.15M	USD	3 Qtrs
Land sales	`LandSales`	$5.81M	USD	3 Qtrs
Land sales	`LandSales`	$2.96M	USD	1 Quarter
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$180.85K	USD	1 Quarter
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$211.33K	USD	1 Quarter
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$688.66K	USD	3 Qtrs
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$543.70K	USD	3 Qtrs
Revenues	`Revenues`	$25.32M	USD	3 Qtrs
Revenues	`Revenues`	$7.04M	USD	1 Quarter
Revenues	`Revenues`	$23.07M	USD	3 Qtrs
Revenues	`Revenues`	$8.56M	USD	1 Quarter
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`	$245.34K	USD	1 Quarter
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$708.85K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.52M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.63M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$470.31K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$427.96K	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$712.26K	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$2.33M	USD	3 Qtrs
CostsAndExpenses	`CostsAndExpenses`	$673.30K	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$2.23M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$23.09M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$20.73M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$7.84M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$6.37M	USD	1 Quarter
Interest income earned from investments	`InvestmentIncomeInterest`	$4.80K	USD	1 Quarter
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`	$15.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.85M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.10M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.75M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.37M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$6.71M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$7.57M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$2.06M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$2.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.53M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.26M	USD	1 Quarter
Other comprehensive income periodic pension costs, net of income taxes of $6,117, $5,247, $18,350, and $15,742 respectively	`OtherComprehensiveIncomeLossNetOfTax`	$34.08K	USD	3 Qtrs
Other comprehensive income periodic pension costs, net of income taxes of $6,117, $5,247, $18,350, and $15,742 respectively	`OtherComprehensiveIncomeLossNetOfTax`	$9.74K	USD	1 Quarter
Other comprehensive income periodic pension costs, net of income taxes of $6,117, $5,247, $18,350, and $15,742 respectively	`OtherComprehensiveIncomeLossNetOfTax`	$29.23K	USD	3 Qtrs
Other comprehensive income periodic pension costs, net of income taxes of $6,117, $5,247, $18,350, and $15,742 respectively	`OtherComprehensiveIncomeLossNetOfTax`	$11.36K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.32M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.57M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$14.06M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.27M	USD	1 Quarter
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.94M	shares	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`	9.00M	shares	3 Qtrs
Basic and dilutive earnings per sub-share certificate on net income (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.56	USD	1 Quarter
Basic and dilutive earnings per sub-share certificate on net income (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.48	USD	1 Quarter
Basic and dilutive earnings per sub-share certificate on net income (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.49	USD	3 Qtrs
Basic and dilutive earnings per sub-share certificate on net income (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.73	USD	3 Qtrs
Cash dividends per sub-share certificate	`PaymentsOfCapitalDistribution`	$0.23	USD	3 Qtrs
Cash dividends per sub-share certificate	`PaymentsOfCapitalDistribution`	$0.21	USD	3 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$15.53M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.26M	USD	1 Quarter
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$211.82K	USD	3 Qtrs
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.17M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.56K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.36K	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.47K	USD	3 Qtrs
Accrued receivables and other assets	`IncreaseDecreaseInReceivables`	$403.24K	USD	3 Qtrs
Accrued receivables and other assets	`IncreaseDecreaseInReceivables`	$-320.35K	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$484.51K	USD	3 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-57.89K	USD	3 Qtrs
Notes receivable for land sales	`IncreaseDecreaseInNotesReceivables`	$-686.46K	USD	3 Qtrs
Notes receivable for land sales	`IncreaseDecreaseInNotesReceivables`	$-3.45M	USD	3 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$204.41K	USD	3 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$49.99K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.20M	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`	$14.86M	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$13.50K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.60K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.89K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.89K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-32.10K	USD	3 Qtrs
Purchase of Sub-share Certificates in Certificates of Proprietary Interest	`ProprietaryInterest`	$11.47M	USD	3 Qtrs
Purchase of Sub-share Certificates in Certificates of Proprietary Interest	`ProprietaryInterest`	$14.45M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$2.09M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$2.00M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.47M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.54M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.71M	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`	$10.31M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.31M	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, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.31M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.31M	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

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Net of income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$15.74K	USD	3 Qtrs
Net of income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$5.25K	USD	1 Quarter
Net of income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$6.12K	USD	1 Quarter
Net of income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$18.35K	USD	3 Qtrs

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