Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 507,356 $ 428,242
Accounts receivable and accrued receivables, net 108,950 95,217
Prepaid expenses and other current assets 2,534 3,054
Total current assets 618,840 526,513
Real estate acquired 109,083 109,071
Property, plant and equipment, net 79,996 79,722
Royalty interests acquired, net 45,795 44,390
Other assets 2,855 4,368
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
Total assets 856,569 764,064
LIABILITIES AND EQUITY    
Accounts payable and accrued expenses 12,644 18,008
Income taxes payable 49,980 29,083
Unearned revenue 4,655 3,809
Total current liabilities 67,279 50,900
Deferred taxes payable 38,542 38,948
Unearned revenue - noncurrent 20,300 20,449
Accrued liabilities 2,572 2,056
Total liabilities 128,693 112,353
Commitments and contingencies 0 0
Equity [Abstract]    
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none outstanding as of March 31, 2022 and December 31, 2021 0 0
Common stock, $0.01 par value; 7,756,156 shares authorized and 7,745,290 and 7,744,695 outstanding as of March 31, 2022 and December 31, 2021, respectively 78 78
Treasury stock, at cost; 10,866 and 11,461 shares as of March 31, 2022 and December 31, 2021, respectively (14,617) (15,417)
Additional paid-in capital 1,505 28
Accumulated other comprehensive income (loss) (999) (1,007)
Retained earnings 741,909 668,029
Total equity 727,876 651,711
Total liabilities and equity 856,569 764,064
Land (surface rights)    
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
Land (surface rights) 0 0
1/16th nonparticipating perpetual royalty interests    
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
1/16th nonparticipating perpetual royalty interest 0 0
1/128th nonparticipating perpetual royalty interests    
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
1/128th nonparticipating perpetual royalty interest $ 0 $ 0