Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 446,588 $ 428,242
Accounts receivable and accrued receivables, net 139,656 95,217
Prepaid expenses and other current assets 2,943 3,054
Total current assets 589,187 526,513
Real estate acquired 109,083 109,071
Property, plant and equipment, net 81,556 79,722
Royalty interests acquired, net 45,331 44,390
Other assets 3,817 4,368
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
Total assets 828,974 764,064
LIABILITIES AND EQUITY    
Accounts payable and accrued expenses 30,726 18,008
Income taxes payable 8,262 29,083
Unearned revenue 4,611 3,809
Total current liabilities 43,599 50,900
Deferred taxes payable 38,108 38,948
Unearned revenue - noncurrent 21,434 20,449
Accrued liabilities 4,663 2,056
Total liabilities 107,804 112,353
Commitments and contingencies 0 0
Equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none outstanding as of September 30, 2022 and December 31, 2021 0 0
Common stock, $0.01 par value; 7,756,156 shares authorized and 7,708,845 and 7,744,695 outstanding as of September 30, 2022 and December 31, 2021, respectively 78 78
Treasury stock, at cost; 47,311 and 11,461 shares as of September 30, 2022 and December 31, 2021, respectively (72,926) (15,417)
Additional paid-in capital 5,477 28
Accumulated other comprehensive loss (983) (1,007)
Retained earnings 789,524 668,029
Total equity 721,170 651,711
Total liabilities and equity 828,974 764,064
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