Texas Pacific Land Corporation Annual report pursuant to Section 13 and 15(d)

Note 9 - Business Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2017

	Year s Ended December 31,
	2017		2016		2015
Revenues:
Land and resource management	$	101,035	$	51,786	$	74,614
Water service and operations		31,294		8,125		4,801
Total consolidated revenues	$	132,329	$	59,911	$	79,415

Net income:
Land and resource management	$	57,598	$	32,014	$	46,943
Water service and operations		18,763		5,226		3,096
Total consolidated net income	$	76,361	$	37,240	$	50,039

Capital Expenditures:
Land and resource management	$	920	$	478	$	221
Water service and operations		17,827		499		—
Total capital expenditures	$	18,747	$	977	$	221

Depreciation and amortization:
Land and resource management	$	136	$	24	$	25
Water service and operations		240		19		—
Total depreciation and amortization	$	376	$	43	$	25

	December 31, 2017		December 31, 2016

Total Assets:
Land and resource management	$	104,974	$	61,974
Water service and operations		22,486		480
Total consolidated assets	$	127,460	$	62,454

Property, plant and equipment, net:
Land and resource management	$	1,449	$	688
Water service and operations		18,067		480
Total consolidated property, plant and equipment, net	$	19,516	$	1,168