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10-Q Filing

TEXAS PACIFIC LAND TRUST CIK: 97517 Q3 2015
Filing Information
Form Type 10-Q
Accession Number 0001437749-15-019811
Period End Date 20150930
Filing Date 20151105
Fiscal Year 2015
Fiscal Period Q3
XBRL Instance tpl-20150930.xml
Filing Contents
Balance Sheet 50 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $13.24M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $26.81M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $26.12M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $46.17M USD Point-in-time
Accrued receivables OtherReceivables $4.07M USD Point-in-time
Accrued receivables OtherReceivables $3.22M USD Point-in-time
Other assets OtherAssets $114.49K USD Point-in-time
Other assets OtherAssets $67.88K USD Point-in-time
Prepaid income taxes PrepaidTaxes $815.94K USD Point-in-time
Prepaid income taxes PrepaidTaxes - 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
Certificates of Proprietary Interest, outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Notes receivable for land sales NotesAndLoansReceivableNetNoncurrent $923.12K USD Point-in-time
Notes receivable for land sales NotesAndLoansReceivableNetNoncurrent $139.11K 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 $162.67K USD Point-in-time
Water wells, vehicles, furniture, and equipment at cost less accumulated depreciation PropertyPlantAndEquipmentNet $89.11K USD Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, outstanding (in shares) CommonStockSharesOutstanding 8.17M shares Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, outstanding (in shares) CommonStockSharesOutstanding 8.32M shares Point-in-time
Assets Assets $51.73M USD Point-in-time
Assets Assets $33.10M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $828.67K USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $837.32K USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $406.94K USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $2.88M USD Point-in-time
Other taxes payable TaxesPayableCurrentAndNoncurrent $235.39K USD Point-in-time
Other taxes payable TaxesPayableCurrentAndNoncurrent $159.30K USD Point-in-time
Unearned revenue DeferredRevenueCurrent $3.94M USD Point-in-time
Unearned revenue DeferredRevenueCurrent $2.35M USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $293.14K USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $55.50K USD Point-in-time
Pension plan liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $754.26K USD Point-in-time
Pension plan liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $762.60K USD Point-in-time
Total liabilities Liabilities $6.38M USD Point-in-time
Total liabilities Liabilities $7.12M 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: 8,174,086 Sub-shares in 2015 and 8,322,399 Sub-shares in 2014 CommonStockValue - USD Point-in-time
Sub-share Certificates in Certificates of Proprietary Interest, par value $.03 1/3 each; outstanding: 8,174,086 Sub-shares in 2015 and 8,322,399 Sub-shares in 2014 CommonStockValue - USD Point-in-time
Other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.28M USD Point-in-time
Other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.35M USD Point-in-time
Net proceeds from all sources RetainedEarningsUnappropriated $28.07M USD Point-in-time
Net proceeds from all sources RetainedEarningsUnappropriated $45.89M USD Point-in-time
Total capital StockholdersEquity $26.72M USD Point-in-time
Total capital StockholdersEquity $44.61M USD Point-in-time
LiabilitiesAndStockholdersEquity LiabilitiesAndStockholdersEquity $51.73M USD Point-in-time
LiabilitiesAndStockholdersEquity LiabilitiesAndStockholdersEquity $33.10M USD Point-in-time
Income Statement 72 line items
Line Item Tag Value Unit Period
Oil and gas royalties RoyaltyRevenue $6.06M USD 1 Quarter
Oil and gas royalties RoyaltyRevenue $7.71M USD 1 Quarter
Oil and gas royalties RoyaltyRevenue $18.29M USD 3 Qtrs
Oil and gas royalties RoyaltyRevenue $22.81M USD 3 Qtrs
Land sales LandSales $323.12K USD 1 Quarter
Land sales LandSales $1.99M USD 3 Qtrs
Land sales LandSales $22.32M USD 3 Qtrs
Land sales LandSales $1.89M USD 1 Quarter
Easements and sundry income OtherRealEstateRevenue $23.70M USD 3 Qtrs
Easements and sundry income OtherRealEstateRevenue $10.09M USD 1 Quarter
Easements and sundry income OtherRealEstateRevenue $6.58M USD 1 Quarter
Easements and sundry income OtherRealEstateRevenue $16.61M USD 3 Qtrs
Other income OtherSalesRevenueNet $400.75K USD 3 Qtrs
Other income OtherSalesRevenueNet $140.51K USD 1 Quarter
Other income OtherSalesRevenueNet $491.36K USD 3 Qtrs
Other income OtherSalesRevenueNet $139.02K USD 1 Quarter
Revenues Revenues $18.18M USD 1 Quarter
Revenues Revenues $41.91M USD 3 Qtrs
Revenues Revenues $64.70M USD 3 Qtrs
Revenues Revenues $14.75M USD 1 Quarter
Taxes, other than income taxes TaxesExcludingIncomeAndExciseTaxes $433.75K USD 1 Quarter
Taxes, other than income taxes TaxesExcludingIncomeAndExciseTaxes $362.56K USD 1 Quarter
Taxes, other than income taxes TaxesExcludingIncomeAndExciseTaxes $1.08M USD 3 Qtrs
Taxes, other than income taxes TaxesExcludingIncomeAndExciseTaxes $1.31M USD 3 Qtrs
General and administrative expenses CurrentIncomeTaxExpenseBenefit $1.70M USD 3 Qtrs
General and administrative expenses CurrentIncomeTaxExpenseBenefit $590.98K USD 1 Quarter
General and administrative expenses CurrentIncomeTaxExpenseBenefit $444.17K USD 1 Quarter
General and administrative expenses CurrentIncomeTaxExpenseBenefit $1.38M USD 3 Qtrs
CostsAndExpenses CostsAndExpenses $2.78M USD 3 Qtrs
CostsAndExpenses CostsAndExpenses $877.92K USD 1 Quarter
CostsAndExpenses CostsAndExpenses $2.69M USD 3 Qtrs
CostsAndExpenses CostsAndExpenses $953.54K USD 1 Quarter
Operating income OperatingIncomeLoss $39.22M USD 3 Qtrs
Operating income OperatingIncomeLoss $61.92M USD 3 Qtrs
Operating income OperatingIncomeLoss $13.87M USD 1 Quarter
Operating income OperatingIncomeLoss $17.23M USD 1 Quarter
Interest income earned from investments InvestmentIncomeInterest $10.47K USD 3 Qtrs
Interest income earned from investments InvestmentIncomeInterest $7.29K USD 1 Quarter
Interest income earned from investments InvestmentIncomeInterest $3.75K USD 1 Quarter
Interest income earned from investments InvestmentIncomeInterest $21.24K USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $39.23M USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $13.88M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $61.94M USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $17.23M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $5.77M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $12.70M USD 3 Qtrs
Income taxes IncomeTaxExpenseBenefit $20.89M USD 3 Qtrs
Income taxes IncomeTaxExpenseBenefit $4.51M USD 1 Quarter
Net income NetIncomeLoss $41.04M USD 3 Qtrs
Net income NetIncomeLoss $9.37M USD 1 Quarter
Net income NetIncomeLoss $26.53M USD 3 Qtrs
Net income NetIncomeLoss $11.46M USD 1 Quarter
Other comprehensive income periodic pension costs, net of income taxes of $12,909, $4,527, $38,728, and $13,582 respectively OtherComprehensiveIncomeLossNetOfTax $23.98K USD 1 Quarter
Other comprehensive income periodic pension costs, net of income taxes of $12,909, $4,527, $38,728, and $13,582 respectively OtherComprehensiveIncomeLossNetOfTax $71.92K USD 3 Qtrs
Other comprehensive income periodic pension costs, net of income taxes of $12,909, $4,527, $38,728, and $13,582 respectively OtherComprehensiveIncomeLossNetOfTax $25.22K USD 3 Qtrs
Other comprehensive income periodic pension costs, net of income taxes of $12,909, $4,527, $38,728, and $13,582 respectively OtherComprehensiveIncomeLossNetOfTax $8.41K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $9.37M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $41.12M USD 3 Qtrs
Total comprehensive income ComprehensiveIncomeNetOfTax $11.49M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $26.56M USD 3 Qtrs
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 8.43M shares 3 Qtrs
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 8.19M shares 1 Quarter
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 8.23M shares 3 Qtrs
Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 8.41M shares 1 Quarter
Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) EarningsPerShareBasicAndDiluted $1.11 USD 1 Quarter
Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) EarningsPerShareBasicAndDiluted $4.99 USD 3 Qtrs
Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) EarningsPerShareBasicAndDiluted $1.40 USD 1 Quarter
Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) EarningsPerShareBasicAndDiluted $3.15 USD 3 Qtrs
Cash dividends per sub-share certificate PaymentsOfCapitalDistribution - USD 1 Quarter
Cash dividends per sub-share certificate PaymentsOfCapitalDistribution $0.29 USD 3 Qtrs
Cash dividends per sub-share certificate PaymentsOfCapitalDistribution $0.27 USD 3 Qtrs
Cash dividends per sub-share certificate PaymentsOfCapitalDistribution - USD 1 Quarter
Cash Flow Statement 44 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $41.04M USD 3 Qtrs
Net income NetIncomeLoss $9.37M USD 1 Quarter
Net income NetIncomeLoss $26.53M USD 3 Qtrs
Net income NetIncomeLoss $11.46M USD 1 Quarter
Deferred taxes IncreaseDecreaseInDeferredIncomeTaxes $237.64K USD 3 Qtrs
Deferred taxes IncreaseDecreaseInDeferredIncomeTaxes $1.03M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $13.80K USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $17.59K USD 3 Qtrs
(Gain) loss on disposal of fixed assets GainLossOnSaleOfPropertyPlantEquipment $712.00 USD 3 Qtrs
(Gain) loss on disposal of fixed assets GainLossOnSaleOfPropertyPlantEquipment $-5.08K USD 3 Qtrs
Accrued receivables and other assets IncreaseDecreaseInReceivables $797.63K USD 3 Qtrs
Accrued receivables and other assets IncreaseDecreaseInReceivables $797.57K USD 3 Qtrs
Prepaid income taxes IncreaseDecreaseInPrepaidTaxes $-815.94K USD 3 Qtrs
Prepaid income taxes IncreaseDecreaseInPrepaidTaxes - USD 3 Qtrs
Notes receivable for land sales IncreaseDecreaseInNotesReceivables $-2.96M USD 3 Qtrs
Notes receivable for land sales IncreaseDecreaseInNotesReceivables $-784.00K USD 3 Qtrs
Accounts payable, accrued expenses and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-1.42M USD 3 Qtrs
Accounts payable, accrued expenses and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $699.12K USD 3 Qtrs
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $2.47M USD 3 Qtrs
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $762.53K USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $42.66M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $29.15M USD 3 Qtrs
Proceeds from sale of fixed assets ProceedsFromSaleOfPropertyPlantAndEquipment $25.00K USD 3 Qtrs
Proceeds from sale of fixed assets ProceedsFromSaleOfPropertyPlantAndEquipment $21.00K USD 3 Qtrs
Purchase of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $111.65K USD 3 Qtrs
Purchase of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $51.90K USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-86.65K USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-30.90K USD 3 Qtrs
Purchase of Sub-share Certificates in Certificates of Proprietary Interest StockRepurchasedDuringPeriodValue $-13.96M USD 3 Qtrs
Purchase of Sub-share Certificates in Certificates of Proprietary Interest StockRepurchasedDuringPeriodValue $-20.82M USD 3 Qtrs
Dividends paid PaymentsOfDividends $2.28M USD 3 Qtrs
Dividends paid PaymentsOfDividends $2.40M USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-23.22M USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-16.24M USD 3 Qtrs
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $12.89M USD 3 Qtrs
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $19.36M USD 3 Qtrs
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $13.24M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $26.81M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $26.12M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $46.17M 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 $26.81M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $26.12M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $46.17M USD Point-in-time
Comprehensive Income 4 line items
Line Item Tag Value Unit Period
Other comprehensive income, tax OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $4.53K USD 1 Quarter
Other comprehensive income, tax OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $12.91K USD 1 Quarter
Other comprehensive income, tax OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $13.58K USD 3 Qtrs
Other comprehensive income, tax OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $38.73K USD 3 Qtrs

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

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