Texas pacific land trust (TPL)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Cash and cash equivalents

223,743

303,645

249,881

155,401

113,261

119,647

110,617

85,895

71,301

79,580

69,496

50,103

52,563

49,418

45,496

45,615

46,719

45,011

46,170

38,807

49,601

26,814

26,124

24,137

18,267

13,239

15,622

9,293

9,943

8,424

11,314

11,585

14,658

13,029

10,311

8,091

7,149

Accrued receivables, net

68,679

62,995

62,803

68,011

65,728

48,750

39,615

35,664

27,644

17,773

23,376

12,428

10,340

6,550

7,001

6,131

4,229

3,787

4,074

4,147

3,297

3,220

4,594

4,461

4,666

3,725

3,403

3,497

3,191

2,700

2,546

2,260

2,148

2,793

2,634

2,417

2,164

Tax like-kind exchange escrow

-

-

0

35,120

61,463

3,799

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

3,676

3,980

4,766

2,781

3,397

3,884

7,702

1,061

3,076

849

598

266

297

328

68

125

142

121

67

121

136

114

227

285

308

298

18

53

88

82

8

32

57

82

7

29

73

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

12,252

8,548

3,878

3,875

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid income taxes

-

-

0

0

0

9,398

0

0

0

1,202

-

-

-

0

202

-

-

-

0

0

0

815

-

-

-

-

-

-

-

416

484

105

-

-

-

-

57

Notes receivable for land sales

-

-

-

-

-

-

-

-

-

-

46

46

58

-

94

111

134

139

139

850

904

923

923

1,286

3,521

3,887

4,232

7,288

8,038

8,370

9,667

10,182

10,047

10,354

10,892

12,534

14,342

Property, plant and equipment, net of accumulated depreciation of $14,544 and $11,313 as of March 31, 2020 and December 31, 2019, respectively

88,709

88,323

87,072

84,792

72,821

64,802

57,989

50,273

31,029

19,516

8,802

4,651

3,037

1,168

584

480

377

260

162

94

98

89

89

92

76

81

63

67

62

66

68

71

69

48

46

50

39

Real estate acquired

110,965

107,075

84,902

84,902

57,682

10,492

3,778

3,778

1,866

1,115

1,114

1,114

1,114

1,115

1,114

1,114

1,114

1,114

-

1,114

-

1,125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Royalty interests acquired, net of accumulated depletion of $318 and $260 as of March 31, 2020 and December 31, 2019, respectively

45,938

29,060

29,320

29,320

27,720

24,303

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

2,939

3,098

3,300

3,300

2,834

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:
Total assets

544,649

598,176

521,994

463,612

404,906

285,075

219,701

176,671

134,916

120,035

115,686

77,158

71,290

62,454

54,562

53,579

52,718

50,435

51,729

-

55,153

33,102

33,082

31,388

27,965

22,356

24,464

21,326

22,450

-

25,215

-25,362

-

27,432

-25,053

-24,284

24,989

LIABILITIES AND CAPITAL
Accounts payable and accrued expenses

21,139

19,193

19,553

22,899

9,656

10,505

8,884

9,590

4,855

5,608

2,745

1,066

899

827

1,342

903

1,189

868

837

841

816

828

1,028

795

703

862

837

938

991

1,075

922

877

914

1,079

774

987

976

Income taxes payable

14,697

5,271

4,364

7,329

6,760

1,607

3,059

2,922

10,473

851

7,199

1,199

7,566

1,951

0

721

3,953

634

2,875

2,352

11,187

406

1,117

1,829

3,863

354

3,246

529

1,644

240

181

128

3,202

1,380

764

540

149

Deferred taxes payable

40,772

40,827

34,996

30,178

35,903

14,903

114

114

114

114

-

-

-

-

185

178

174

163

55

293

299

293

645

766

1,548

1,673

975

1,910

2,169

2,274

2,741

2,910

2,854

2,953

3,117

3,677

4,282

Unearned revenue

19,448

17,381

16,184

16,321

15,825

13,369

12,604

11,313

8,932

8,364

37,436

25,908

19,284

11,775

9,546

5,774

3,299

2,579

2,350

2,250

2,055

3,940

1,772

1,633

1,499

1,377

1,286

1,205

1,068

1,017

994

990

866

834

772

755

755

Operating lease liabilities

3,250

3,367

3,471

3,491

2,963

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other taxes payable

-

-

-

-

-

-

-

-

-

-

466

422

365

277

325

261

199

167

235

221

190

159

271

252

221

158

236

193

125

108

199

157

127

97

208

170

87

Pension plan liability (note 5)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

380

364

349

333

762

759

757

754

-

-

-

-

588

582

576

873

605

583

561

539

520

492

436

Total liabilities

99,306

86,039

78,568

80,218

71,107

40,384

24,661

23,939

24,374

14,937

47,847

28,596

28,116

14,830

11,779

8,204

9,165

4,746

7,116

6,719

15,306

6,382

4,835

5,277

7,836

4,427

7,171

5,359

6,574

5,590

5,644

5,648

8,525

6,885

6,157

6,623

6,687

Commitments and contingencies

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

0

Capital:
Certificates of Proprietary Interest, par value $100 each; none outstanding

0

0

0

0

0

0

0

0

0

0

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Sub-share Certificates in Certificates of Proprietary Interest, par value $0.0333 each; outstanding 7,756,156 Sub-share Certificates as of March 31, 2020 and December 31, 2019

0

0

0

0

0

0

0

0

0

0

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Accumulated other comprehensive loss

-1,447

-1,461

-1,051

-1,060

-1,069

-1,078

-765

-778

-791

-804

-907

-924

-942

-960

-1,180

-1,203

-1,226

-1,248

-1,280

-1,304

-1,328

-1,352

-596

-605

-613

-622

-899

-917

-935

-953

-800

-811

-822

-834

-486

-496

-515

Net proceeds from all sources

446,790

513,598

444,477

384,454

334,868

245,769

195,805

153,510

111,333

105,902

68,746

49,486

44,116

48,584

43,963

46,578

44,779

46,937

45,893

39,720

41,175

28,072

28,844

26,716

20,742

18,551

18,192

16,884

16,811

16,550

20,370

20,526

20,404

21,381

19,382

18,157

18,817

Total capital

445,343

512,137

443,426

383,394

333,799

244,691

195,040

152,732

110,542

105,098

67,839

48,561

43,174

47,624

42,783

45,375

43,552

45,688

44,612

38,416

39,846

26,719

28,247

26,111

20,128

17,929

17,293

15,967

15,875

15,596

19,570

19,714

19,581

20,547

18,895

17,660

18,302

Total liabilities and capital

544,649

598,176

521,994

463,612

404,906

285,075

219,701

176,671

134,916

120,035

115,686

77,158

71,290

62,454

54,562

53,579

52,718

50,435

51,729

45,135

55,153

33,102

33,082

31,388

27,965

22,356

24,464

21,326

22,450

21,186

25,215

25,362

28,107

27,432

25,053

24,284

24,989

Real Estate Acquired [Member]
Land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Land (surface rights)
Land (surface rights)

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

-

-

0

0

0

-

-

1,125

-

-

-

-

-

-

-

-

-

-

-

Town Lots [Member]
Land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1/16th nonparticipating perpetual royalty interest
1/16th nonparticipating perpetual royalty interest

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1/128th nonparticipating perpetual royalty interest
1/128th nonparticipating perpetual royalty interest

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0