← Texas Pacific Land Corp

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income $209.7m $318.7m $176.0m $270.0m $446.4m $405.6m $454.0m $481.4m
Net Income From Continuing Operations — — — — $446.4m $405.6m $454.0m $481.4m
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
Depreciation Amortization Depletion — — — — $15.4m $14.8m $25.2m $62.5m
Deferred taxes $14.8m $25.9m ($2.1m) $220k $1.3m $1.4m $4.6m $6.6m
Deferred Income Tax — — — — $1.3m $1.4m $4.6m $6.6m
Deferred Tax — — — — $1.3m $1.4m $4.6m $6.6m
Share-based compensation — $0 $0 $28k $8.4m $10.3m $12.5m $15.1m
Equity investment — — — — — $0 $0 ($50.0m)
Operating lease right-of-use assets $0 $3.7m $0 $0 $1.4m $0 $0 $13.6m
Pension curtailment/settlement gains — — — — $0 $0 ($4.6m) $0
Receivables and other assets — ($13.8m) $18.8m ($47.6m) ($13.8m) ($24.5m) ($610k) ($52.9m)
Income taxes payable $756k $3.7m ($1.2m) $25.0m ($25.9m) $1.6m ($407k) ($381k)
Unearned revenue $5.0m $4.0m $8.8m ($1.9m) $1.9m $5.1m ($3.9m) $13.7m
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
Cash provided by operating activities $195.4m $342.8m $207.0m $265.2m $447.1m $418.3m $490.7m $545.9m
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
Cash used in investing activities ($81.5m) ($111.7m) ($26.0m) ($15.0m) ($21.4m) ($60.3m) ($471.7m) ($595.8m)
Shares exchanged for tax withholdings — — $0 $0 ($1.8m) ($2.1m) ($1.6m) ($14.8m)
Cash used in financing activities ($70.0m) ($50.9m) ($201.7m) ($104.9m) ($336.8m) ($144.6m) ($378.1m) ($176.0m)
Nonmonetary exchange of assets — — $0 $0 $4.2m $880k $0 $0
Increase (decrease) in accounts payable related to capital expenditures — — $0 $867k ($245k) $403k ($273k) $6.4m
Accrued dividends on unvested stock awards — — $0 $0 $198k $158k $730k ($309k)
Beginning Cash Position — — — — $428.2m $517.2m $730.5m $371.4m
Cash Flow From Continuing Financing Activities — — — — ($336.8m) ($144.6m) ($378.1m) ($176.0m)
Cash Flow From Continuing Investing Activities — — — — ($21.4m) ($60.3m) ($471.7m) ($595.8m)
Change In Income Tax Payable — — — — ($17.6m) $3.9m ($2.8m) $113k
Change In Other Current Liabilities — — — — $10.0m ($3.2m) $6.3m $22.9m
Change In Other Working Capital — — — — $1.9m $5.1m ($3.9m) $13.7m
Change In Payable — — — — ($17.6m) $3.9m ($2.8m) $113k
Change In Payables And Accrued Expense — — — — ($17.6m) $3.9m ($2.8m) $113k
Change In Prepaid Assets — — — — ($4.8m) $4.8m $0 ($3.7m)
Change In Receivables — — — — ($13.8m) ($24.5m) ($610k) ($52.9m)
Change In Tax Payable — — — — ($17.6m) $3.9m ($2.8m) $113k
Change In Working Capital — — — — ($24.3m) ($13.9m) ($936k) ($19.9m)
Changes In Account Receivables — — — ($47.6m) ($13.8m) — — —
Changes In Cash — — — — $88.9m $213.4m ($359.2m) ($226.0m)
End Cash Position — — — — $517.2m $730.5m $371.4m $145.4m
Financing Cash Flow — — — — ($336.8m) ($144.6m) ($378.1m) ($176.0m)
Free Cash Flow — — — — $426.3m $378.3m $65.4m $32.1m
Investing Cash Flow — — — — ($21.4m) ($60.3m) ($471.7m) ($595.8m)
Net Business Purchase And Sale — — — — $0 $0 ($45.0m) ($46.1m)
Net Intangibles Purchase And Sale — — — — $0 ($21.4m) $0 $0
Net PPE Purchase And Sale — — — — ($20.8m) ($18.6m) ($425.3m) ($513.8m)
Pension And Employee Benefit Expense — — — — $0 $0 ($4.6m) $0
Purchase Of Business — — — — $0 $0 ($45.0m) ($50.0m)
Purchase Of Intangibles — — — — $0 ($21.4m) $0 $0
Purchase Of PPE — — $5.1m $16.4m ($20.9m) ($18.6m) ($425.3m) ($513.8m)
Repurchase Of Capital Stock — — — — ($87.8m) ($42.6m) ($29.2m) ($8.4m)
Sale Of Business — — — — — $0 $0 $3.9m
Sale Of PPE — — — — $106k $5k $0 $0
Stock Based Compensation — — — — $8.4m $10.3m $12.5m $15.1m
Capital Expenditure — — — — ($20.9m) ($40.0m) ($425.3m) ($513.8m)
Net Investment Properties Purchase And Sale — — — — ($633k) ($20.3m) ($1.5m) ($36.0m)
Purchase Of Investment Properties — — — — ($633k) ($20.3m) ($1.5m) ($36.0m)
Debt issuance costs — — — — — $0 $0 ($5.1m)
Net Common Stock Issuance — — — — ($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)
Common Stock Payments — — — — ($87.8m) ($42.6m) ($29.2m) ($8.4m)
Dividends paid ($31.7m) ($46.5m) ($201.7m) ($85.3m) ($247.3m) ($100.0m) ($347.3m) ($147.8m)
Cash Dividends Paid — — — — ($247.3m) ($100.0m) ($347.3m) ($147.8m)
Common Stock Dividend Paid — — — — ($247.3m) ($100.0m) ($347.3m) ($147.8m)
Net Other Financing Charges — — — — ($1.8m) ($2.1m) ($1.6m) ($19.9m)
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 and restricted cash, beginning of period $123.4m $303.6m $283.0m $428.2m $517.2m $730.5m $371.4m $145.4m
Change In Cash Supplemental As Reported — — — — $88.9m $213.4m ($359.2m) ($226.0m)
Prepaid income taxes ($8.2m) $9.4m $0 $0 ($4.8m) $4.8m $0 ($3.7m)
Income taxes paid $45.9m $44.4m $46.6m $68.2m $152.0m $104.1m $120.7m $127.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.