For the year ending 2025-12-31, TPL had -$225,977K decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 481,376 | 453,960 | 405,645 | 446,362 |
| Depreciation, depletion and amortization | 62,533 | 25,162 | 14,757 | 15,376 |
| Amortization of debt issuance costs | 211 | - | - | - |
| Share-based compensation | 15,131 | 12,498 | 10,343 | 8,432 |
| Pension curtailment/settlement gains | 0 | -4,616 | - | - |
| Land sales revenue recognized on land exchange | - | - | - | 0 |
| Deferred taxes | -6,555 | -4,604 | -1,399 | -1,263 |
| Receivables and other assets | 52,933 | 610 | 24,457 | 13,833 |
| Prepaid income taxes | 3,716 | 0 | -4,809 | 4,809 |
| Income taxes payable | -381 | -407 | 1,628 | -25,916 |
| Unearned revenue | 13,746 | -3,903 | 5,140 | 1,938 |
| Operating liabilities, excluding income taxes | 22,894 | 6,327 | -3,240 | 10,394 |
| Ad valorem and other taxes payable | 494 | -2,343 | 2,264 | 7,942 |
| Cash provided by operating activities | 545,910 | 490,672 | 418,288 | 447,149 |
| Acquisition of royalty interests, net of post-closing adjustments | 454,244 | 395,577 | 3,566 | 1,662 |
| Acquisition of a business | 0 | 45,000 | - | - |
| Acquisition of intangible assets | 0 | 0 | 21,403 | - |
| Equity investment | 50,000 | - | - | - |
| Acquisition of real estate | 35,951 | 1,476 | 20,320 | 633 |
| Purchase of fixed assets | 59,531 | 29,696 | 15,028 | 19,212 |
| Proceeds from sale of fixed assets | 0 | 0 | 5 | 106 |
| Post-close adjustment from seller related to prior year asset acquisition | 3,878 | - | - | - |
| Cash used in investing activities | -595,848 | -471,749 | -60,312 | -21,401 |
| Dividends paid | 147,798 | 347,309 | 99,972 | 247,281 |
| Shares exchanged for tax withholdings | 14,795 | 1,623 | 2,064 | 1,762 |
| Repurchases of common stock | 8,380 | 29,159 | 42,573 | 87,765 |
| Debt issuance costs | 5,066 | - | - | - |
| Cash used in financing activities | -176,039 | -378,091 | -144,609 | -336,808 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -225,977 | -359,168 | 213,367 | 88,940 |
| Cash and cash equivalents at beginning of period | 371,381 | 730,549 | 517,182 | 428,242 |
| Cash and cash equivalents at end of period | 145,404 | 371,381 | 730,549 | 517,182 |
Texas Pacific Land Corp (TPL)
Texas Pacific Land Corp (TPL)