10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001437749-17-008005 |
| Period End Date | 20170331 |
| Filing Date | 20170504 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | tpl-20170331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Real estate acquired, acres (Acre) |
LandInAcres
|
10,065.00 | acre | Point-in-time |
| Real estate acquired, acres (Acre) |
LandInAcres
|
10,065.00 | acre | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$46.72M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$45.01M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$49.42M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$52.56M | USD | Point-in-time |
| Accrued receivables |
OtherReceivables
|
$6.55M | USD | Point-in-time |
| Accrued receivables |
OtherReceivables
|
$10.34M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$232.97K | USD | Point-in-time |
| Certificates of proprietary interest, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$100.00 | USD | Point-in-time |
| Other assets |
OtherAssets
|
$297.61K | 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 |
| Deferred tax asset |
DeferredIncomeTaxAssetsNet
|
$3.87M | USD | Point-in-time |
| Deferred tax asset |
DeferredIncomeTaxAssetsNet
|
$3.88M | 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 |
| Notes receivable for land sales |
NotesAndLoansReceivableNetNoncurrent
|
$58.01K | 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 |
| Notes receivable for land sales |
NotesAndLoansReceivableNetNoncurrent
|
$94.97K | USD | Point-in-time |
| Water wells, vehicles, furniture, and equipment - at cost less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$3.04M | USD | Point-in-time |
| Sub-share certificates in certificates of proprietary interest, outstanding (in shares) |
CommonStockSharesOutstanding
|
7.90M | shares | Point-in-time |
| Water wells, vehicles, furniture, and equipment - at cost less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$1.17M | USD | Point-in-time |
| Sub-share certificates in certificates of proprietary interest, outstanding (in shares) |
CommonStockSharesOutstanding
|
7.93M | shares | Point-in-time |
| Real estate acquired: (10,065 acres at March 31, 2017 and 10,065 acres at December 31, 2016) |
RealEstateGrossAtCarryingValue
|
$1.11M | USD | Point-in-time |
| Real estate acquired: (10,065 acres at March 31, 2017 and 10,065 acres at December 31, 2016) |
RealEstateGrossAtCarryingValue
|
$1.11M | USD | Point-in-time |
| Assets |
Assets
|
$62.45M | USD | Point-in-time |
| Assets |
Assets
|
$71.29M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$899.62K | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$826.77K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$7.57M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$1.95M | USD | Point-in-time |
| Other taxes payable |
TaxesPayableCurrentAndNoncurrent
|
$365.59K | USD | Point-in-time |
| Other taxes payable |
TaxesPayableCurrentAndNoncurrent
|
$276.81K | USD | Point-in-time |
| Unearned revenue |
DeferredRevenueCurrent
|
$19.28M | USD | Point-in-time |
| Unearned revenue |
DeferredRevenueCurrent
|
$11.78M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$28.12M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$14.83M | 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: 7,897,818 Sub-shares in 2017 and 7,927,314 Sub-shares in 2016 |
CommonStockValue
|
- | USD | Point-in-time |
| Sub-share Certificates in Certificates of Proprietary Interest, par value $.03 1/3 each; outstanding: 7,897,818 Sub-shares in 2017 and 7,927,314 Sub-shares in 2016 |
CommonStockValue
|
- | USD | Point-in-time |
| Other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-942.09K | USD | Point-in-time |
| Other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-959.56K | USD | Point-in-time |
| Net proceeds from all sources |
RetainedEarningsUnappropriated
|
$48.58M | USD | Point-in-time |
| Net proceeds from all sources |
RetainedEarningsUnappropriated
|
$44.12M | USD | Point-in-time |
| Total capital |
StockholdersEquity
|
$47.62M | USD | Point-in-time |
| Total capital |
StockholdersEquity
|
$43.17M | USD | Point-in-time |
| LiabilitiesAndStockholdersEquity |
LiabilitiesAndStockholdersEquity
|
$71.29M | USD | Point-in-time |
| LiabilitiesAndStockholdersEquity |
LiabilitiesAndStockholdersEquity
|
$62.45M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Oil and gas royalties |
RoyaltyRevenue
|
$5.61M | USD | 1 Quarter |
| Oil and gas royalties |
RoyaltyRevenue
|
$11.19M | USD | 1 Quarter |
| Land sales |
LandSales
|
- | USD | 1 Quarter |
| Land sales |
LandSales
|
$86.00K | USD | 1 Quarter |
| Easements and sundry income |
OtherRealEstateRevenue
|
$12.91M | USD | 1 Quarter |
| Easements and sundry income |
OtherRealEstateRevenue
|
$6.07M | USD | 1 Quarter |
| Other income |
OtherSalesRevenueNet
|
$124.44K | USD | 1 Quarter |
| Other income |
OtherSalesRevenueNet
|
$124.23K | USD | 1 Quarter |
| Revenues |
Revenues
|
$11.89M | USD | 1 Quarter |
| Revenues |
Revenues
|
$24.23M | USD | 1 Quarter |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$659.76K | USD | 1 Quarter |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$346.58K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$749.11K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$1.46M | USD | 1 Quarter |
| CostsAndExpenses |
CostsAndExpenses
|
$2.12M | USD | 1 Quarter |
| CostsAndExpenses |
CostsAndExpenses
|
$1.10M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$10.80M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$22.10M | USD | 1 Quarter |
| Interest income earned from investments |
InvestmentIncomeInterest
|
$9.49K | USD | 1 Quarter |
| Interest income earned from investments |
InvestmentIncomeInterest
|
$5.94K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$22.11M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$10.80M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$7.23M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$3.52M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.28M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$14.89M | USD | 1 Quarter |
| Other comprehensive income periodic pension costs, net of income taxes of $9,407 and $12,307, respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$22.86K | USD | 1 Quarter |
| Other comprehensive income periodic pension costs, net of income taxes of $9,407 and $12,307, respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$17.47K | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$14.90M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$7.30M | USD | 1 Quarter |
| Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
8.10M | shares | 1 Quarter |
| Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
7.92M | shares | 1 Quarter |
| Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$1.88 | USD | 1 Quarter |
| Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.90 | USD | 1 Quarter |
| Cash dividends per sub-share certificate |
PaymentsOfCapitalDistribution
|
$1.35 | USD | 1 Quarter |
| Cash dividends per sub-share certificate |
PaymentsOfCapitalDistribution
|
$0.31 | USD | 1 Quarter |
Cash Flow Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$7.28M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$14.89M | USD | 1 Quarter |
| Deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$3.31K | USD | 1 Quarter |
| Deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-10.84K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$19.12K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$7.27K | USD | 1 Quarter |
| (Gain) loss on disposal of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$3.90K | USD | 1 Quarter |
| (Gain) loss on disposal of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-8.20K | USD | 1 Quarter |
| Accrued receivables and other assets |
IncreaseDecreaseInReceivables
|
$3.86M | USD | 1 Quarter |
| Accrued receivables and other assets |
IncreaseDecreaseInReceivables
|
$462.71K | USD | 1 Quarter |
| Notes receivable for land sales |
IncreaseDecreaseInNotesReceivables
|
$-4.25K | USD | 1 Quarter |
| Notes receivable for land sales |
IncreaseDecreaseInNotesReceivables
|
$-36.96K | USD | 1 Quarter |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$7.69M | USD | 1 Quarter |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$1.11M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$5.62M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$3.32M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$11.28M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$24.38M | USD | 1 Quarter |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$18.00K | USD | 1 Quarter |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$27.50K | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$149.68K | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.91M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-131.68K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-1.88M | USD | 1 Quarter |
| Purchase of Sub-share Certificates in Certificates of Proprietary Interest |
PaymentsForRepurchaseOfCommonStock
|
$8.67M | USD | 1 Quarter |
| Purchase of Sub-share Certificates in Certificates of Proprietary Interest |
PaymentsForRepurchaseOfCommonStock
|
$6.93M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$2.51M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$10.68M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-19.35M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-9.44M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$1.71M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$3.15M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$46.72M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$45.01M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.42M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$52.56M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$46.72M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$45.01M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.42M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$52.56M | USD | Point-in-time |
Comprehensive Income
2 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$12.31K | USD | 1 Quarter |
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$9.41K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.