LandBridge Co LLC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
LB$66.24+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net (loss) income | $(49,633) | $60,650 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation, depletion, amortization and accretion | 6,294 | 6,396 |
| Amortization of deferred financing fees | 302 | 65 |
| Amortization of debt issuance costs | 875 | 129 |
| Share-based compensation | 84,196 | (24,434) |
| Deferred income tax benefit | (1,276) | - |
| Other | - | (17) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,640 | (2,357) |
| Related party receivable | (1,124) | (357) |
| Prepaid expenses and other assets | (341) | 225 |
| Accounts payable | (50) | 658 |
| Related party payable | 51 | (158) |
| Other current liabilities | (226) | (241) |
| Net cash provided by operating activities | 40,708 | 40,559 |
| Cash flows from investing activities | ||
| Acquisitions | (431,260) | - |
| Capital expenditures | (761) | (2,634) |
| Proceeds from disposal of assets | - | 11 |
| Net cash used in investing activities | (432,021) | (2,623) |
| Cash flows from financing activities | ||
| Proceeds from issuance of Class A shares, net of underwriting discounts and fees | 278,263 | - |
| Offering costs | (6,997) | (116) |
| Contributions from member | 120,000 | - |
| Distributions to member | (170,854) | (105,165) |
| Proceeds from term loan | 265,000 | 100,000 |
| Repayments on term loan | (93,750) | (62,417) |
| Proceeds from revolver | 15,000 | 25,000 |
| Repayments of revolver | (35,000) | - |
| Debt issuance costs | (3,437) | (3,104) |
| Other financing activities, net | (318) | (193) |
| Net cash provided by (used in) financing activities | 367,907 | (45,995) |
| Net decrease in cash and cash equivalents | (23,406) | (8,059) |
| Cash and cash equivalents - beginning of period | 37,823 | 25,351 |
| Cash and cash equivalents - end of period | $14,417 | $17,292 |
Notes to the Unaudited Condensed Consolidated Financial Statements
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