Texas Pacific Land Trust Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1700 PACIFIC AVE DALLAS, TX 75201 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6792 - Oil Royalty Traders (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 303,645 | 119,647 | 79,580 | 49,418 | 45,012 | 26,815 | |||
| Cash and cash equivalents | 303,645 | 119,647 | 79,580 | 49,418 | 45,012 | 26,815 | |||
| Receivables | 33 | 33 | 75 | ||||||
| Prepaid expense | 9,398 | 1,202 | 816 | ||||||
| Total current assets: | 303,645 | 129,045 | 80,782 | 49,451 | 45,045 | 27,706 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,098 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 88,323 | 64,802 | 19,516 | 1,168 | 261 | 89 | |||
| Long-term investments and receivables | 95 | 139 | 923 | ||||||
| Accounts and financing receivable, after allowance for credit loss | 95 | 139 | 923 | ||||||
| Total noncurrent assets: | 91,421 | 64,802 | 19,516 | 1,263 | 400 | 1,012 | |||
| Other undisclosed assets | 203,110 | 91,228 | 27,162 | 11,740 | 4,991 | 4,384 | |||
| TOTAL ASSETS: | 598,176 | 285,075 | 127,460 | 62,454 | 50,436 | 33,102 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 19,193 | 10,505 | 5,608 | 827 | 869 | 829 | |||
| Taxes payable | 5,271 | 1,607 | 851 | 1,951 | 635 | 407 | |||
| Other undisclosed accounts payable and accrued liabilities | 13,922 | 8,898 | 4,757 | (1,124) | 234 | 422 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 41,375 | 11,775 | 2,579 | 3,940 | ||
| Total current liabilities: | 19,193 | 10,505 | 46,983 | 12,602 | 3,448 | 4,769 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 40,827 | 496 | 1,047 | ||||||
| Deferred tax liabilities, net | ✕ | ✕ | 163 | 293 | |||||
| Deferred income tax liabilities | 40,827 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 333 | 754 | |||||||
| Total noncurrent liabilities: | 40,827 | 496 | 1,047 | ||||||
| Other undisclosed liabilities | 26,019 | 29,879 | 1,284 | 2,228 | 802 | 566 | |||
| Total liabilities: | 86,039 | 40,384 | 48,267 | 14,829 | 4,747 | 6,383 | |||
| Equity | |||||||||
| Equity, attributable to parent | 512,137 | 244,691 | 79,193 | 47,625 | 45,689 | 26,720 | |||
| Accumulated other comprehensive loss | (1,461) | (1,078) | (804) | (960) | (1,249) | (1,353) | |||
| Retained earnings | 513,598 | 245,769 | 79,997 | 48,584 | 46,938 | 28,073 | |||
| Total equity: | 512,137 | 244,691 | 79,193 | 47,625 | 45,689 | 26,720 | |||
| TOTAL LIABILITIES AND EQUITY: | 598,176 | 285,075 | 127,460 | 62,454 | 50,436 | 33,102 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 490,496 | 300,220 | 132,329 | 59,911 | 79,415 | 55,202 | ||
| Revenue, net | ✕ | ✕ | ✕ | 62,033 | 32,942 | 47,477 | 33,044 | |
| Other operating income | 44,760 | 26,471 | 31,413 | 21,517 | ||||
| Cost of revenue | (81,158) | (11,168) | (10,411) | (3,834) | (3,374) | (3,142) | ||
| Cost of goods and services sold | (20,808) | (11,168) | (10) | |||||
| Gross profit: | 409,338 | 289,052 | 121,918 | 56,078 | 76,041 | 52,060 | ||
| Operating expenses | (9,765) | (39,386) | (2,142) | (1,020) | (785) | (643) | ||
| Other undisclosed operating income | 11,168 | |||||||
| Operating income: | 399,573 | 260,834 | 119,776 | 55,058 | 75,256 | 51,417 | ||
| Nonoperating income | 2,682 | 916 | 84 | 29 | 27 | 15 | ||
| Investment income, nonoperating | 84 | 29 | 27 | 15 | ||||
| Other nonoperating income | 916 | |||||||
| Income from continuing operations before income taxes: | 402,255 | 261,750 | 119,860 | 55,087 | 75,283 | 51,432 | ||
| Income tax expense | (83,527) | (52,014) | (43,499) | (17,847) | (25,245) | (16,667) | ||
| Income from continuing operations: | 318,728 | 209,736 | 76,361 | 37,240 | 50,039 | 34,765 | ||
| Income before gain (loss) on sale of properties: | ✕ | 318,728 | 209,736 | 76,361 | 37,240 | 50,039 | 34,765 | |
| Net income available to common stockholders, diluted: | 318,728 | 209,736 | 76,361 | 37,240 | 50,039 | 34,765 | ||
Comprehensive Income ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 318,728 | 209,736 | 76,361 | 37,240 | 50,039 | 34,765 | ||
| Other comprehensive income (loss) | (383) | (94) | 156 | 289 | 104 | (731) | ||
| Comprehensive income, net of tax, attributable to parent: | 318,345 | 209,642 | 76,517 | 37,529 | 50,142 | 34,034 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.