Below are the financial statements of Texas Pacific Land Corp, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 |
---|---|---|
Assets | — | — |
Cash and cash equivalents | 369.84a | 725.17a |
Accounts receivable and accrued receivables, net | 126.67a | 128.97a |
Prepaid expenses and other current assets | 5.32a | 2.94a |
Tax like-kind exchange escrow | 1.55a | 5.38a |
Total current assets | 503.37a | 862.46a |
Royalty interests acquired, net | 432.4a | 46.61a |
Real estate acquired | 143.18a | 130.02a |
Property, plant and equipment, net | 122.58a | 89.59a |
Intangible assets, net | 35.19a | 21.03a |
Real estate and royalty interests assigned through the Declaration of Trust, no value assigned | — | — |
Land (surface rights) | 0a | 0a |
1/16th and 1/128th nonparticipating perpetual royalty interests | 0a | 0a |
Operating lease right-of-use assets | 1.16a | 1.86a |
Other assets | 10.14a | 4.83a |
Total assets | 1,248.02a | 1,156.4a |
Liabilities and equity | — | — |
Accounts payable and accrued expenses | 26.96a | 22.5a |
Ad valorem and other taxes payable | 8.42a | 10.76a |
Income taxes payable | 4.39a | 4.8a |
Unearned revenue | 6.8a | 6.33a |
Total current liabilities | 46.56a | 44.39a |
Deferred taxes payable | 47.4a | 42.37a |
Unearned revenue - noncurrent | 20.64a | 25.01a |
Operating lease liabilities | 0.45a | 1.17a |
Accrued liabilities - noncurrent | 0.5a | 0.27a |
Total liabilities | 115.56a | 113.2a |
Commitments and contingencies | 0a | 0a |
Equity | — | — |
Preferred stock | 0a | 0a |
Common stock | 0.23a | 0.08a |
Treasury stock, at cost | -168.84a | -145a |
Additional paid-in capital | 19.9a | 14.61a |
Accumulated other comprehensive income | 3.58a | 1.83a |
Retained earnings | 1,277.59a | 1,171.67a |
Total equity | 1,132.47a | 1,043.2a |
Total liabilities and equity | 1,248.02a | 1,156.4a |
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