| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income | ||||||||||
318,728 | 209,736 | 97,231 | 42,275 | 50,039 | 34,765 | 27,218 | 19,647 | 20,594 | 11,308 | 6,914 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Deferred taxes | ||||||||||
-25,924 | -14,789 | -1,100 | 1,264 | 130 | 1,380 | 600 | 679 | 1,329 | 444 | -413 |
Depreciation, depletion and amortization | ||||||||||
8,906 | 2,583 | 376 | 43 | 25 | 19 | 16 | 16 | 12 | 15 | 42 |
Land sale revenue recognized on land exchange | ||||||||||
22,000 | 0 | 0 | - | - | - | - | - | - | - | - |
(Gain) loss on disposal of fixed assets | ||||||||||
- | - | - | -8 | 1 | -5 | -2 | -2 | 1 | -2 | 14 |
Changes in operating assets and liabilities: | ||||||||||
Prepaid income taxes | ||||||||||
-9,398 | 8,196 | 1,202 | 0 | -816 | 815 | -416 | 416 | -57 | 57 | 982 |
Accrued receivables and other assets | ||||||||||
13,802 | 34,027 | 12,026 | 2,721 | 564 | -689 | 1,240 | -92 | 637 | 534 | -451 |
Income taxes payable | ||||||||||
3,664 | 756 | -986 | 1,316 | 228 | 52 | 113 | -1,139 | 1,230 | -48 | 198 |
Unearned revenue | ||||||||||
4,012 | 5,024 | 4,399 | 1,389 | -1,361 | - | - | - | - | - | - |
Notes receivable for land sales | ||||||||||
- | - | - | - | -784 | -2,964 | -4,483 | -1,983 | -3,988 | -1,386 | 1,927 |
Real estate acquired | ||||||||||
- | - | - | - | - | - | - | - | 36 | - | - |
Accounts payable, accrued expenses and other liabilities | ||||||||||
7,960 | 4,783 | 4,938 | -89 | -270 | 2,553 | -344 | 404 | -22 | 69 | 179 |
Cash provided by operating activities | ||||||||||
342,790 | 195,448 | 93,830 | 40,957 | 49,566 | 38,852 | 30,065 | 19,911 | 23,931 | 11,696 | 9,392 |
Cash flows from investing activities: | ||||||||||
Proceeds from sale of fixed assets | ||||||||||
117 | 25 | 27 | 18 | 25 | 21 | 20 | 13 | 17 | 12 | -9 |
Acquisition of land | ||||||||||
74,583 | 9,377 | 0 | - | - | - | - | - | - | - | - |
Acquisition of land | ||||||||||
- | - | - | 0 | - | - | - | - | - | - | - |
Acquisition of royalty interests | ||||||||||
5,017 | 24,303 | 0 | 0 | - | - | - | - | - | - | - |
Purchase of fixed assets | ||||||||||
32,209 | 47,878 | 18,747 | 977 | 221 | 53 | 54 | 50 | 37 | 27 | -29 |
Cash used in investing activities | ||||||||||
-111,692 | -81,533 | -18,720 | -959 | -196 | -32 | -34 | -36 | -20 | -15 | 20 |
Cash flows from financing activities: | ||||||||||
Purchase of Sub-share Certificates in Certificates of Proprietary Interest | ||||||||||
4,353 | 38,397 | 34,267 | 33,085 | 28,770 | 22,963 | -25,216 | -20,183 | -16,030 | -10,715 | -8,945 |
Dividends paid | ||||||||||
46,546 | 31,652 | 10,681 | 2,507 | 2,403 | 2,280 | 0 | 4,295 | 2,000 | 1,968 | 1,930 |
Cash used in financing activities | ||||||||||
-50,899 | -70,049 | -44,948 | -35,592 | -31,173 | -25,244 | -25,216 | -24,479 | -18,031 | -12,683 | -10,875 |
Net (decrease) increase in cash, cash equivalents and restricted cash | ||||||||||
180,199 | 43,866 | 30,162 | 4,406 | 18,197 | 13,575 | 4,814 | -4,604 | 5,880 | -1,001 | -1,503 |
Supplemental disclosure of cash flow information: | ||||||||||
Income taxes paid | ||||||||||
44,439 | 45,876 | 49,002 | 20,725 | 24,386 | - | - | - | - | - | - |
Supplemental non-cash investing information: | ||||||||||
Land exchange | ||||||||||
22,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Operating lease right-of-use assets | ||||||||||
3,712 | 0 | 0 | - | - | - | - | - | - | - | - |