Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 428,242 $ 281,046
Accounts receivable and accrued receivables, net 95,217 48,216
Prepaid expenses and other current assets 3,054 1,290
Tax like-kind exchange escrow 0 1,978
Total current assets 526,513 332,530
Property, plant and equipment, net 79,722 79,267
Real estate acquired 109,071 108,536
Royalty interests acquired, net 44,390 45,646
Operating lease right-of-use assets 1,826 2,473
Other assets 2,542 3,183
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
Total assets 764,064 571,635
LIABILITIES AND EQUITY    
Accounts payable and accrued expenses 18,008 13,325
Income taxes payable 29,083 4,054
Unearned revenue 3,809 3,997
Total current liabilities 50,900 21,376
Deferred taxes payable 38,948 38,728
Unearned revenue - noncurrent 20,449 22,171
Operating lease liabilities 1,445 2,026
Accrued liabilities 611 2,150
Total liabilities 112,353 86,451
Commitments and contingencies 0 0
Equity:    
Preferred stock and Certificates of Proprietary Interest 0 0
Common stock and Sub-share Certificates in Certificates of Proprietary Interest 78 0
Treasury stock, at cost; 11,461 and no shares as of December 31, 2021 and 2020, respectively (15,417) 0
Additional paid-in capital 28 0
Accumulated other comprehensive income (loss) (1,007) (2,693)
Retained earnings and net proceeds from all sources 668,029 487,877
Total equity 651,711 485,184
Total liabilities and equity 764,064 571,635
Land (surface rights)    
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
Land (surface rights) 0 0
1/16th nonparticipating perpetual royalty interest    
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
1/16th nonparticipating perpetual royalty interest 0 0
1/128th nonparticipating perpetual royalty interest    
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
1/128th nonparticipating perpetual royalty interest $ 0 $ 0