Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 510,834 $ 428,242
Accounts receivable and accrued receivables, net 103,983 95,217
Prepaid expenses and other current assets 7,427 3,054
Tax like-kind exchange escrow 6,348 0
Prepaid income taxes 4,809 0
Total current assets 633,401 526,513
Real estate acquired 109,704 109,071
Property, plant and equipment, net 85,478 79,722
Royalty interests acquired, net 45,025 44,390
Operating lease right-of-use assets 2,525 1,826
Other assets 1,294 2,542
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
Total assets 877,427 764,064
LIABILITIES AND EQUITY    
Accounts payable and accrued expenses 23,897 17,907
Accrual for Taxes Other than Income Taxes, Current 8,043 101
Income taxes payable 3,167 29,083
Unearned revenue 4,488 3,809
Total current liabilities 39,595 50,900
Deferred taxes payable 41,151 38,948
Unearned revenue - noncurrent 21,708 20,449
Operating lease liabilities 1,955 1,445
Accrued liabilities - noncurrent 131 611
Total liabilities 104,540 112,353
Commitments and contingencies 0 0
Equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none outstanding as of December 31, 2022 and 2021 0 0
Common stock, $0.01 par value; 7,756,156 shares authorized and 7,695,679 and 7,744,695 outstanding as of December 31, 2022 and 2021, respectively 78 78
Treasury stock, at cost; 60,477 and 11,461 shares as of December 31, 2022 and 2021, respectively (104,139) (15,417)
Additional paid-in capital 8,293 28
Accumulated other comprehensive income (loss) 2,516 (1,007)
Retained earnings 866,139 668,029
Total equity 772,887 651,711
Total liabilities and equity 877,427 764,064
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 interests (1)    
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 interests (2)    
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
1/128th nonparticipating perpetual royalty interest $ 0 $ 0