Texas Pacific Land Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $481.4M | $454.0M | $405.6M | $446.4M | $270.0M | $176.0M | $318.7M | $209.7M |
| Depreciation & Amortization | $62.5M | $25.2M | $14.8M | $15.4M | $16.3M | $14.4M | $8.9M | $2.6M |
| Depreciation | $17.1M | $13.6M | $12.2M | $14.2M | $14.8M | $13.8M | $8.5M | $2.6M |
| Amortization | $2.3M | $1.5M | $400.0K | $0 | — | — | — | — |
| Stock-Based Compensation | $15.1M | $12.5M | $10.3M | $8.4M | $28.0K | $0 | $0 | — |
| Net Cash from Operating Activities | $545.9M | $490.7M | $418.3M | $447.1M | $265.2M | $207.0M | $342.8M | $195.4M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | $19.0M | $16.4M | $5.1M | $32.2M | $47.9M |
| Business Acquisitions | $0 | $45.0M | $0 | $0 | — | — | — | — |
| Net Cash from Investing Activities | $-595.8M | $-471.7M | $-60.3M | $-21.4M | $-15.0M | $-26.0M | $-111.7M | $-81.5M |
| Financing Activities | ||||||||
| Dividends Paid | $147.8M | $347.3M | $100.0M | $247.3M | $85.3M | $201.7M | $46.5M | $31.7M |
| Stock Repurchases | $8.4M | $29.2M | $42.6M | $87.8M | $19.7M | $0 | $4.4M | $38.4M |
| Net Cash from Financing Activities | $-176.0M | $-378.1M | $-144.6M | $-336.8M | $-104.9M | $-201.7M | $-50.9M | $-70.0M |
| Net Change in Cash | $-226.0M | $-359.2M | $213.4M | $88.9M | $145.2M | $-20.6M | $180.2M | $43.9M |
| Free Cash Flow | — | — | — | $428.2M | $248.7M | $202.0M | $310.6M | $147.6M |