Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 50,052 $ 57,401
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes (147) (55)
Depreciation, depletion and amortization 3,838 3,335
Changes in operating assets and liabilities:    
Operating assets, excluding income taxes (13,657) (5,377)
Operating liabilities, excluding income taxes 172 3,909
Income taxes payable 12,129 9,426
Cash provided by operating activities 52,387 68,639
Cash flows from investing activities:    
Acquisition of real estate 0 (3,890)
Acquisition of royalty interests 0 (16,936)
Purchase of fixed assets (1,449) (3,617)
Cash used in investing activities (1,449) (24,443)
Cash flows from financing activities:    
Dividends paid (21,329) (124,098)
Cash used in financing activities (21,329) (124,098)
Net increase (decrease) in cash, cash equivalents and restricted cash 29,609 (79,902)
Cash, cash equivalents and restricted cash, beginning of period 283,024 303,645
Cash, cash equivalents, and restricted cash, end of period 312,633 223,743
Supplemental disclosure of cash flow information:    
Income taxes paid 0 4,600
Capital expenditure additions 1,289 0
Issuance of common stock $ 78 $ 0