Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 113,261 $ 119,647
Accrued receivables 65,728 48,750
Tax like-kind exchange escrow 61,463 3,799
Other assets 3,397 3,884
Prepaid income taxes 0 9,398
Property, plant and equipment, net of accumulated depreciation of $4,193 and $3,012 as of March 31, 2019 and December 31, 2018, respectively 72,821 64,802
Real estate acquired 57,682 10,492
Royalty interests acquired 27,720 24,303
Operating lease right-of-use assets 2,834  
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
Total assets 404,906 285,075
LIABILITIES AND CAPITAL    
Accounts payable and accrued expenses 9,656 10,505
Income taxes payable 6,760 1,607
Deferred taxes payable 35,903 14,903
Unearned revenue 15,825 13,369
Operating lease liabilities 2,963  
Total liabilities 71,107 40,384
Commitments and contingencies 0 0
Capital:    
Certificates of Proprietary Interest, par value $100 each; none outstanding 0 0
Sub-share Certificates in Certificates of Proprietary Interest, par value $.03 1/3 each; outstanding 7,756,156 and 7,762,414 Sub-share Certificates as of March 31, 2019 and December 31, 2018, respectively 0 0
Accumulated other comprehensive loss (1,069) (1,078)
Net proceeds from all sources 334,868 245,769
Total capital 333,799 244,691
Total liabilities and capital 404,906 285,075
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 Interest    
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 Interest    
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
1/128th nonparticipating perpetual royalty interest $ 0 $ 0