← Texas Pacific Land Corp
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net Income (Loss) Attributable to Parent | $209.7m |
$318.7m
+51.97%
|
$176.0m
-44.77%
|
$270.0m
+53.36%
|
$446.4m
+65.33%
|
$405.6m
-9.12%
|
$454.0m
+11.91%
|
$481.4m
+6.04%
|
|
| Depreciation, Depletion and Amortization | $2.6m | $8.9m | $14.4m | $16.3m | $15.4m | $14.8m | $25.2m | $62.5m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | $0 | $0 | $211k | |
| Amortization of Intangible Assets | — | — | — | — | — | $400k | $1.5m | $2.3m | |
| Depreciation | $2.6m | $8.5m | $13.8m | $14.8m | $14.2m | $12.2m | $13.6m | $17.1m | |
| Depreciation, Amortization and Accretion, Net | $2.6m | $8.9m | $14.4m | $16.3m | $15.4m | $14.8m | $25.2m | $62.5m | |
| Deferred Income Tax Expense (Benefit) | — | $26.0m | ($2.4m) | ($228k) | $1.3m | $1.4m | $4.6m | $6.6m | |
| Deferred taxes | $14.8m | $25.9m | ($2.1m) | $220k | $1.3m | $1.4m | $4.6m | $6.6m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | $28k | $8.4m | $10.3m | $12.5m | $15.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $1.8m | $2.1m | $1.6m | $14.8m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $8.4m | $10.3m | $12.5m | $15.1m | |
| Share-based compensation | — | $0 | $0 | $28k | $8.4m | $10.3m | $12.5m | $15.1m | |
| Nonoperating Income (Expense) | — | $2.7m | $2.4m | $624k | $6.5m | $31.5m | $39.7m | $18.9m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | $2.4m | $2.4m | $15k | |
| Equity investment | — | — | — | — | — | $0 | $0 | ($50.0m) | |
| Changes in operating assets and liabilities: | |||||||||
| Receivables and other assets | — | ($13.8m) | $18.8m | ($47.6m) | ($13.8m) | ($24.5m) | ($610k) | ($52.9m) | |
| Increase (decrease) in accounts payable related to capital expenditures | — | — | $0 | $867k | ($245k) | $403k | ($273k) | $6.4m | |
| Unearned revenue | $5.0m | $4.0m | $8.8m | ($1.9m) | $1.9m | $5.1m | ($3.9m) | $13.7m | |
| Accrued dividends on unvested stock awards | — | — | $0 | $0 | $198k | $158k | $730k | ($309k) | |
| Increase (Decrease) in Other Operating Assets | — | — | — | — | $13.8m | $24.5m | $610k | $52.9m | |
| Net Cash Provided by (Used in) Operating Activities | $195.4m |
$342.8m
+75.39%
|
$207.0m
-39.60%
|
$265.2m
+28.08%
|
$447.1m
+68.63%
|
$418.3m
-6.45%
|
$490.7m
+17.30%
|
$545.9m
+11.26%
|
|
| Cash flows from investing activities: | |||||||||
| Payments to Acquire Property, Plant, and Equipment | — | $32.2m | $5.1m | $16.4m | $19.0m | — | — | — | |
| Cash used in investing activities | ($81.5m) | ($111.7m) | ($26.0m) | ($15.0m) | ($21.4m) | ($60.3m) | ($471.7m) | ($595.8m) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($111.7m) | ($26.0m) | ($15.0m) | ($21.4m) | ($60.3m) | ($471.7m) | ($595.8m) | |
| Cash flows from financing activities: | |||||||||
| Debt issuance costs | — | — | — | — | — | $0 | $0 | ($5.1m) | |
| Payments for Repurchase of Common Stock | — | $4.4m | $0 | — | $87.8m | $42.6m | $29.2m | $8.4m | |
| Repurchases of common stock | ($38.4m) | ($4.4m) | $0 | ($19.7m) | ($87.8m) | ($42.6m) | ($29.2m) | ($8.4m) | |
| Dividends paid | ($32) | $47 | $202 | $85 | $247 | $100 | $347 | $148 | |
| Cash used in financing activities | ($70.0m) |
($50.9m)
+27.34%
|
($201.7m)
-296.20%
|
($104.9m)
+47.96%
|
($336.8m)
-220.93%
|
($144.6m)
+57.06%
|
($378.1m)
-161.46%
|
($176.0m)
+53.44%
|
|
| Net Cash Provided by (Used in) Financing Activities | — | ($50.9m) |
($201.7m)
-296.20%
|
($104.9m)
+47.96%
|
($336.8m)
-220.93%
|
($144.6m)
+57.06%
|
($378.1m)
-161.46%
|
($176.0m)
+53.44%
|
|
| Net (decrease) increase in cash, cash equivalents and restricted cash | $43.9m | $180.2m | ($20.6m) | $145.2m | $88.9m | $213.4m | ($359.2m) | ($226.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $180.2m | ($20.6m) | $145.2m | $88.9m | $213.4m | ($359.2m) | ($226.0m) | |
| Cash, cash equivalents and restricted cash, beginning of period | $123.4m | $303.6m | $283.0m | $428.2m | $517.2m | $730.5m | $371.4m | $145.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $303.6m | $283.0m | $428.2m | $517.2m | $730.5m | $371.4m | $145.4m | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Supplemental disclosure of cash flow information: | |||||||||
| Income Taxes Paid, Net | $45.9m | $44.4m | $46.6m | $68.2m | $152.0m | $104.1m | $120.7m | $127.0m | |
| Additional Financial Items | |||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | — | $752k | $0 | |
| General and Administrative Expense | — | $9.5m | $9.8m | $11.8m | $13.3m | $14.9m | $34.5m | $23.8m | |
| Income Tax Expense (Benefit) | — | $83.5m | $43.6m | $93.0m | $122.5m | $111.9m | $124.9m | $129.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $690k | |
| Operating Lease, Expense | — | $700k | $800k | $800k | $800k | $800k | $800k | $1.3m | |
| Real Estate Tax Expense | — | — | — | — | $8.7m | — | — | — | |
| Pension curtailment/settlement gains | — | — | — | — | $0 | $0 | ($4.6m) | $0 | |
| Income taxes payable | $756k | $3.7m | ($1.2m) | $25.0m | ($25.9m) | $1.6m | ($407k) | ($381k) | |
| Operating liabilities, excluding income taxes | — | $8.0m | ($6.3m) | $3.2m | $10.4m | ($3.2m) | $6.3m | $22.9m | |
| Ad valorem and other taxes payable | — | — | $0 | $10k | $7.9m | $2.3m | ($2.3m) | $494k | |
| Acquisition of royalty interests, net of post-closing adjustments | ($24.3m) | ($5.0m) | ($16.9m) | $0 | ($1.7m) | ($3.6m) | ($395.6m) | ($454.2m) | |
| Acquisition of a business | — | — | — | — | $0 | $0 | ($45.0m) | $0 | |
| Acquisition of intangible assets | — | — | — | $0 | $0 | ($21.4m) | $0 | $0 | |
| Acquisition of real estate | ($9.4m) | ($74.6m) | ($4.0m) | ($535k) | ($633k) | ($20.3m) | ($1.5m) | ($36.0m) | |
| Purchase of fixed assets | ($47.9m) | ($32.2m) | ($5.1m) | ($15.5m) | ($19.2m) | ($15.0m) | ($29.7m) | ($59.5m) | |
| Proceeds from sale of fixed assets | $25k | $117k | $0 | $1.1m | $106k | $5k | $0 | $0 | |
| Post-close adjustment from seller related to prior year asset acquisition | — | — | — | — | — | $0 | $0 | $3.9m | |
| Shares exchanged for tax withholdings | — | — | $0 | $0 | ($1.8m) | ($2.1m) | ($1.6m) | ($14.8m) | |
| Nonmonetary exchange of assets | — | — | $0 | $0 | $4.2m | $880k | $0 | $0 | |
| Operating lease right-of-use assets | $0 | $3.7m | $0 | $0 | $1.4m | $0 | $0 | $13.6m |