Texas Pacific Land Corporation
Cash Flow Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $114.6M | $114.4M | $113.1M | $105.6M | $100.4M | $86.6M | $99.7M | $129.8M |
| Depreciation & Amortization | $4.1M | $3.8M | $3.9M | $3.6M | $3.9M | $3.4M | $3.2M | $3.9M |
| Depreciation | $3.2M | $3.1M | $3.0M | $3.0M | $3.2M | $3.0M | $2.9M | $3.6M |
| Amortization | $300.0K | $300.0K | $400.0K | $100.0K | — | — | — | — |
| Stock-Based Compensation | $2.7M | $3.4M | $2.2M | $2.8M | $2.9M | $2.5M | $2.8M | $2.1M |
| Net Cash from Operating Activities | $98.3M | $147.2M | $111.4M | $107.6M | $84.5M | $114.8M | $132.5M | $119.2M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | $5.2M | $1.4M | $3.8M | $6.8M | $1.8M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-7.4M | $-2.2M | $-4.4M | $-28.3M | $-25.9M | $-1.7M | $-6.8M | $-6.3M |
| Financing Activities | ||||||||
| Dividends Paid | $26.9M | $26.9M | $25.0M | $25.0M | $25.0M | $25.1M | $23.2M | $23.1M |
| Stock Repurchases | $6.4M | $10.3M | $10.2M | $5.9M | $19.5M | $6.8M | $30.2M | $33.0M |
| Net Cash from Financing Activities | $-33.3M | $-38.5M | $-36.0M | $-31.2M | $-44.5M | $-32.8M | $-55.1M | $-56.1M |
| Net Change in Cash | $57.6M | $106.6M | $71.0M | $48.1M | $14.1M | $80.2M | $70.6M | $56.8M |
| Free Cash Flow | — | — | — | $102.4M | $83.1M | $111.0M | $125.7M | $117.4M |