10-Q Filing

TEXAS PACIFIC LAND TRUST CIK: 97517 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-014386`
Period End Date	20140630
Filing Date	20140806
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	tpl-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 65 Cash Flow Statement 42 Comprehensive Income 4

Balance Sheet 50 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`	$13.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.14M	USD	Point-in-time
Number of lots	`NumberOfLots`	310.00	pure	Point-in-time
Number of lots	`NumberOfLots`	0.00	pure	Point-in-time
Accrued receivables	`OtherReceivables`	$4.46M	USD	Point-in-time
Accrued receivables	`OtherReceivables`	$3.73M	USD	Point-in-time
Other assets	`OtherAssets`	$285.09K	USD	Point-in-time
Other assets	`OtherAssets`	$298.11K	USD	Point-in-time
Certificates of Proprietary Interest, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$100.00	USD	Point-in-time
Notes receivable for land sales	`NotesAndLoansReceivableNetNoncurrent`	$1.29M	USD	Point-in-time
Certificates of Proprietary Interest, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$100.00	USD	Point-in-time
Notes receivable for land sales	`NotesAndLoansReceivableNetNoncurrent`	$3.89M	USD	Point-in-time
Water wells, vehicles, furniture, and equipment at cost less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$92.45K	USD	Point-in-time
Water wells, vehicles, furniture, and equipment at cost less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$81.13K	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
Sub-share Certificates of Proprietary Interest, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.03	USD	Point-in-time
Sub-share Certificates of Proprietary Interest, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.03	USD	Point-in-time
Sub-share Certificates of Proprietary Interest, outstanding (in Shares)	`CommonStockSharesOutstanding`	8.42M	shares	Point-in-time
Sub-share Certificates of Proprietary Interest, outstanding (in Shares)	`CommonStockSharesOutstanding`	8.47M	shares	Point-in-time
Assets	`Assets`	$22.36M	USD	Point-in-time
Assets	`Assets`	$31.39M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$795.20K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$862.36K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$354.69K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.83M	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrentAndNoncurrent`	$252.90K	USD	Point-in-time
Other taxes payable	`TaxesPayableCurrentAndNoncurrent`	$158.78K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$1.38M	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$1.63M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.67M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$766.63K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.43M	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: 8,420,418 Sub-shares in 2014 and 8,473,202 Sub-shares in 2013	`CommonStockValue`	-	USD	Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, par value $.03 1/3 each; outstanding: 8,420,418 Sub-shares in 2014 and 8,473,202 Sub-shares in 2013	`CommonStockValue`	-	USD	Point-in-time
Other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-605.20K	USD	Point-in-time
Other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-622.01K	USD	Point-in-time
Net proceeds from all sources	`RetainedEarningsUnappropriated`	$18.55M	USD	Point-in-time
Net proceeds from all sources	`RetainedEarningsUnappropriated`	$26.72M	USD	Point-in-time
Total capital	`StockholdersEquity`	$26.11M	USD	Point-in-time
Total capital	`StockholdersEquity`	$17.93M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$22.36M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$31.39M	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
Rentals, royalties and sundry income	`RoyaltyRevenue`	$13.87M	USD	1 Quarter
Rentals, royalties and sundry income	`RoyaltyRevenue`	$25.38M	USD	2 Qtrs
Rentals, royalties and sundry income	`RoyaltyRevenue`	$16.06M	USD	2 Qtrs
Rentals, royalties and sundry income	`RoyaltyRevenue`	$9.59M	USD	1 Quarter
Land sales	`LandSales`	$1.67M	USD	1 Quarter
Land sales	`LandSales`	$1.67M	USD	2 Qtrs
Land sales	`LandSales`	$331.59K	USD	2 Qtrs
Land sales	`LandSales`	$218.59K	USD	1 Quarter
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$38.50K	USD	1 Quarter
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$287.45K	USD	2 Qtrs
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$104.30K	USD	2 Qtrs
Interest income from notes receivable	`InterestAndFeeIncomeOtherLoans`	$140.18K	USD	1 Quarter
Revenues	`Revenues`	$15.58M	USD	1 Quarter
Revenues	`Revenues`	$27.16M	USD	2 Qtrs
Revenues	`Revenues`	$16.67M	USD	2 Qtrs
Revenues	`Revenues`	$9.95M	USD	1 Quarter
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$625.70K	USD	2 Qtrs
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$384.12K	USD	1 Quarter
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$874.38K	USD	2 Qtrs
Taxes, other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$447.70K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.16M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$422.65K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$520.14K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$938.38K	USD	2 Qtrs
CostsAndExpenses	`CostsAndExpenses`	$904.25K	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$1.79M	USD	2 Qtrs
CostsAndExpenses	`CostsAndExpenses`	$870.35K	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$1.81M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$9.05M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$14.71M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$14.89M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$25.35M	USD	2 Qtrs
Interest income earned from investments	`InvestmentIncomeInterest`	$6.72K	USD	2 Qtrs
Interest income earned from investments	`InvestmentIncomeInterest`	$3.38K	USD	1 Quarter
Interest income earned from investments	`InvestmentIncomeInterest`	$6.18K	USD	2 Qtrs
Interest income earned from investments	`InvestmentIncomeInterest`	$3.11K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.89M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.71M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.35M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$4.80M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$4.63M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$8.19M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$2.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.16M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.27M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.13M	USD	1 Quarter
Other comprehensive income periodic pension costs, net of income taxes of $4,527, $9,773, $9,054, and $19,546 respectively	`OtherComprehensiveIncomeLossNetOfTax`	$18.15K	USD	1 Quarter
Other comprehensive income periodic pension costs, net of income taxes of $4,527, $9,773, $9,054, and $19,546 respectively	`OtherComprehensiveIncomeLossNetOfTax`	$16.82K	USD	2 Qtrs
Other comprehensive income periodic pension costs, net of income taxes of $4,527, $9,773, $9,054, and $19,546 respectively	`OtherComprehensiveIncomeLossNetOfTax`	$8.41K	USD	1 Quarter
Other comprehensive income periodic pension costs, net of income taxes of $4,527, $9,773, $9,054, and $19,546 respectively	`OtherComprehensiveIncomeLossNetOfTax`	$36.30K	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.15M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.18M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.92M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.30M	USD	2 Qtrs
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.69M	shares	1 Quarter
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.71M	shares	2 Qtrs
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.44M	shares	2 Qtrs
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.44M	shares	1 Quarter
Basic and dilutive earnings per sub-share certificate on net income (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.18	USD	2 Qtrs
Basic and dilutive earnings per sub-share certificate on net income (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.17	USD	1 Quarter
Basic and dilutive earnings per sub-share certificate on net income (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$2.03	USD	2 Qtrs
Basic and dilutive earnings per sub-share certificate on net income (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.71	USD	1 Quarter
Cash dividends per sub-share certificate	`PaymentsOfCapitalDistribution`	$0.27	USD	2 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.16M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.27M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.13M	USD	1 Quarter
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$907.24K	USD	2 Qtrs
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$363.83K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.23K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.94K	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.79K	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.08K	USD	2 Qtrs
Accrued receivables and other assets	`IncreaseDecreaseInReceivables`	$723.06K	USD	2 Qtrs
Accrued receivables and other assets	`IncreaseDecreaseInReceivables`	$768.62K	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-416.88K	USD	2 Qtrs
Notes receivable for land sales	`IncreaseDecreaseInNotesReceivables`	$-1.08M	USD	2 Qtrs
Notes receivable for land sales	`IncreaseDecreaseInNotesReceivables`	$-2.60M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$299.44K	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-119.45K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.47M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$288.28K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.93M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.82M	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$21.00K	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.50K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$49.34K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.23K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.73K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.34K	USD	2 Qtrs
Purchase of Sub-share Certificates in Certificates of Proprietary Interest	`PaymentsOfDividends`	$6.72M	USD	2 Qtrs
Purchase of Sub-share Certificates in Certificates of Proprietary Interest	`PaymentsOfDividends`	$9.93M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.28M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.93M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$868.57K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.90M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.24M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.29M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.42M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.24M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.29M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.42M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.14M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Net of income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$19.55K	USD	2 Qtrs
Net of income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$9.77K	USD	1 Quarter
Net of income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$9.05K	USD	2 Qtrs
Net of income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$4.53K	USD	1 Quarter

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