Texas Pacific Land Corp
For the period ended Sep 30, 2024. Filed Nov 6, 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 6, 2024
TPL$274.63-1.3%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 for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $335,600 | $292,535 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 13,695 | 10,881 |
| Share-based compensation | 8,989 | 8,112 |
| Deferred taxes | 2,163 | (1,034) |
| Changes in operating assets and liabilities: | ||
| Operating assets, excluding income taxes | 5,806 | (19,554) |
| Operating liabilities, excluding income taxes | 4,423 | 9,995 |
| Income taxes payable | (2,578) | 1,114 |
| Prepaid income taxes | (4,002) | 4,809 |
| Cash provided by operating activities | 364,096 | 306,858 |
| Cash flows from investing activities: | ||
| Acquisition of royalty interests, net of post-close adjustments | (120,334) | (3,566) |
| Acquisition of a business | (45,000) | — |
| Deposit for acquisition | (42,952) | — |
| Acquisition of intangible assets | — | (21,403) |
| Acquisition of real estate | (1,026) | (20,320) |
| Purchase of fixed assets | (16,451) | (10,630) |
| Proceeds from sale of fixed assets | — | 5 |
| Cash used in investing activities | (225,763) | (55,914) |
| Cash flows from financing activities: | ||
| Dividends paid | (310,550) | (74,979) |
| Settlement of common stock repurchases | (22,795) | (32,325) |
| Shares exchanged for tax withholdings | (1,623) | (1,284) |
| Cash used in financing activities | (334,968) | (108,588) |
| Net increase in cash, cash equivalents and restricted cash | (196,635) | 142,356 |
| Cash, cash equivalents and restricted cash, beginning of period | 730,549 | 517,182 |
| Cash, cash equivalents and restricted cash, end of period | $533,914 | $659,538 |
| Supplemental disclosure of cash flow information: | ||
| Income taxes paid | $96,648 | $74,984 |
| Supplemental non-cash investing and financing information: | ||
| Increase in accounts payable related to capital expenditures | $5,543 | $(243) |
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