For the year ending 2025-12-31, LB had -$6,291K decrease in cash & cash equivalents over the period. $122,037K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income (loss) | 72,399 |
| Depreciation, depletion and amortization | 11,470 |
| Amortization of debt issuance costs | 2,189 |
| Share-based compensation | 45,319 |
| Loss on extinguishment of debt | -4,416 |
| Deferred income tax expense (benefit) | 4,084 |
| Other | -16 |
| Accounts receivable | 6,834 |
| Related party accounts receivable | 2,834 |
| Prepaid expenses and other assets | -1,301 |
| Accounts payable | 16 |
| Related party accounts payable | 95 |
| Accrued liabilities and other liabilities | -1,616 |
| Taxes payable | -3,748 |
| Net cash provided by operating activities | 126,273 |
| Acquisitions | 229,048 |
| Capital expenditures | 4,236 |
| Proceeds from disposal of assets | 210 |
| Net cash used in investing activities | -233,074 |
| Proceeds from debt | 783,549 |
| Repayments of debt | 599,198 |
| Dividends, dividend equivalents, and distributions paid | 63,713 |
| Debt issuance costs | 13,266 |
| Taxes paid related to net share settlement of rsus | 5,750 |
| Offering costs | 1,112 |
| Proceeds from issuance of class a shares - ipo, net of underwriting discounts and fees | 0 |
| Proceeds from issuance of class a shares - december 2024 private placement, net of placement agent fees | 0 |
| Purchase of opco units from landbridge holdings, net of placement agent fees | 0 |
| Contributions from member | 0 |
| Net cash provided by (used in) financing activities | 100,510 |
| Net (decrease) increase in cash and cash equivalents | -6,291 |
| Cash and cash equivalents - beginning of period | 37,032 |
| Cash and cash equivalents - end of period | 30,741 |
LandBridge Co LLC (LB)
LandBridge Co LLC (LB)