Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 590,619 $ 510,834
Accounts receivable and accrued receivables, net 106,044 103,983
Prepaid expenses and other current assets 7,586 7,427
Tax like-kind exchange escrow 6,757 6,348
Prepaid income taxes 0 4,809
Total current assets 711,006 633,401
Real estate acquired 109,704 109,704
Property, plant and equipment, net 86,192 85,478
Royalty interests acquired, net 44,720 45,025
Other assets 3,629 3,819
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
Total assets 955,251 877,427
LIABILITIES AND EQUITY    
Accounts payable and accrued expenses 27,263 23,443
Ad valorem and other taxes payable 4,560 8,497
Income taxes payable 22,430 3,167
Unearned revenue 6,784 4,488
Total current liabilities 61,037 39,595
Deferred taxes payable 40,845 41,151
Unearned revenue - noncurrent 22,395 21,708
Accrued liabilities - noncurrent 1,923 2,086
Total liabilities 126,200 104,540
Commitments and contingencies 0 0
Equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none outstanding as of March 31, 2023 and December 31, 2022 0 0
Common stock, $0.01 par value; 7,756,156 shares authorized and 7,693,320 and 7,695,679 outstanding as of March 31, 2023 and December 31, 2022, respectively 78 78
Treasury stock, at cost; 62,836 and 60,477 shares as of March 31, 2023 and December 31, 2022, respectively (108,794) (104,139)
Additional paid-in capital 7,733 8,293
Accumulated other comprehensive income 2,491 2,516
Retained earnings 927,543 866,139
Total equity 829,051 772,887
Total liabilities and equity 955,251 877,427
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