Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Texas Pacific Land Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Accounts payable and accrued expenses	40,560)	31,656)	23,322)	22,501)	29,027)	27,156)	27,263)	23,897)	30,726)	29,284)	12,644)	18,008)	18,020)	13,979)	12,367)	12,530)	15,846)	15,372)	21,139)	19,193)	19,553)	22,899)	9,656)
Ad valorem and other taxes payable	7,860)	5,661)	4,180)	10,761)	7,960)	6,355)	4,560)	8,043)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Income taxes payable	2,217)	891)	36,603)	4,795)	4,281)	5,151)	22,430)	3,167)	8,262)	22,650)	49,980)	29,083)	7,117)	3,443)	16,183)	4,054)	2,716)	1,985)	14,697)	5,271)	4,364)	7,329)	6,760)
Unearned revenue	6,694)	6,060)	6,766)	6,330)	6,102)	6,222)	6,784)	4,488)	4,611)	5,139)	4,655)	3,809)	3,965)	4,388)	5,298)	3,997)	—)	—)	—)	—)	—)	—)	—)
Current liabilities	57,331)	44,268)	70,871)	44,387)	47,370)	44,884)	61,037)	39,595)	43,599)	57,073)	67,279)	50,900)	29,102)	21,810)	33,848)	20,581)	18,562)	17,357)	35,836)	24,464)	23,917)	30,228)	16,416)
Deferred taxes payable	44,528)	43,121)	42,034)	42,365)	40,117)	40,478)	40,845)	41,151)	38,108)	37,995)	38,542)	38,948)	38,096)	38,346)	38,581)	38,728)	40,741)	40,127)	40,772)	40,827)	34,996)	30,178)	35,903)
Unearned revenue, noncurrent	20,625)	21,094)	22,717)	25,006)	25,664)	26,638)	22,395)	21,708)	21,434)	21,196)	20,300)	20,449)	20,707)	20,411)	21,891)	22,171)	19,669)	20,036)	19,448)	17,381)	16,184)	16,321)	15,825)
Accrued liabilities, noncurrent	953)	887)	1,099)	1,444)	1,609)	1,774)	1,923)	2,086)	4,663)	3,163)	2,572)	2,056)	6,670)	6,099)	5,547)	4,971)	2,982)	3,141)	3,250)	3,367)	3,471)	3,491)	2,963)
Noncurrent liabilities	66,106)	65,102)	65,850)	68,815)	67,390)	68,890)	65,163)	64,945)	64,205)	62,354)	61,414)	61,453)	65,473)	64,856)	66,019)	65,870)	63,392)	63,304)	63,470)	61,575)	54,651)	49,990)	54,691)
Total liabilities	123,437)	109,370)	136,721)	113,202)	114,760)	113,774)	126,200)	104,540)	107,804)	119,427)	128,693)	112,353)	94,575)	86,666)	99,867)	86,451)	81,954)	80,661)	99,306)	86,039)	78,568)	80,218)	71,107)
Preferred stock, $0.01 par value; none outstanding	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	231)	231)	231)	78)	78)	78)	78)	78)	78)	78)	78)	78)	78)	78)	78)	—)	—)	—)	—)	—)	—)	—)	—)
Treasury stock, at cost	(162,416)	(158,296)	(151,952)	(144,998)	(133,852)	(128,502)	(108,794)	(104,139)	(72,926)	(40,011)	(14,617)	(15,417)	(11,193)	(2,504)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Additional paid-in capital	16,391)	15,863)	13,163)	14,613)	12,382)	10,582)	7,733)	8,293)	5,477)	3,356)	1,505)	28)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Accumulated other comprehensive income (loss)	1,768)	1,789)	1,810)	1,831)	2,439)	2,465)	2,491)	2,516)	(983)	(991)	(999)	(1,007)	(2,607)	(2,636)	(2,665)	(2,693)	(1,421)	(1,434)	(1,447)	(1,461)	(1,051)	(1,060)	(1,069)
Retained earnings	1,196,158)	1,346,834)	1,259,197)	1,171,672)	1,083,511)	1,002,927)	927,543)	866,139)	789,524)	682,849)	741,909)	668,029)	614,764)	552,239)	516,522)	—)	—)	—)	—)	—)	—)	—)	—)
Net proceeds from all sources	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	487,877)	520,648)	474,373)	446,790)	513,598)	444,477)	384,454)	334,868)
Total equity	1,052,132)	1,206,421)	1,122,449)	1,043,196)	964,558)	887,550)	829,051)	772,887)	721,170)	645,281)	727,876)	651,711)	601,042)	547,177)	513,935)	485,184)	519,227)	472,939)	445,343)	512,137)	443,426)	383,394)	333,799)
Total liabilities and equity	1,175,569)	1,315,791)	1,259,170)	1,156,398)	1,079,318)	1,001,324)	955,251)	877,427)	828,974)	764,708)	856,569)	764,064)	695,617)	633,843)	613,802)	571,635)	601,181)	553,600)	544,649)	598,176)	521,994)	463,612)	404,906)

Accounts payable and accrued expenses: The values exhibit considerable volatility across periods. Initially, the amounts ranged around 9,656 to 22,899 thousand USD, with fluctuations continuing through the years. Significant increases are noted in mid-2022 and toward the end of 2024, culminating in the highest recorded value of 40,560 thousand USD in September 2024.
Ad valorem and other taxes payable: This category has data only from March 2023 onwards. The payable values display irregular but generally increasing trends, ranging from 4,560 to 10,761 thousand USD, peaking at the beginning of 2024 and declining thereafter.
Income taxes payable: Income taxes payable exhibit high variability through the analyzed periods. Early on, values fluctuate in the range of approximately 1,985 to 7,329 thousand USD. Noteworthy spikes occur at the end of 2021 and the first quarter of 2022, with amounts surging to nearly 50,000 thousand USD before falling sharply and then fluctuating moderately thereafter. The most recent data show a resurgence to 22,217 thousand USD in September 2024.
Unearned revenue (current): Unearned revenue, limited to periods from late 2019 onward, shows a relatively stable pattern between approximately 3,800 and 6,700 thousand USD. Slight upward trends are observable in recent quarters, peaking at 6,766 thousand USD in March 2024.
Current liabilities: Current liabilities show significant increases and decreases across the timeline. Initially in the 16,000 to 30,000 thousand USD range, amounts rise sharply to exceed 67,000 thousand USD in December 2021, then decrease through 2022 before exhibiting another pronounced increase to over 70,000 thousand USD in early 2024, concluding with a notable decrease to 57,331 thousand USD by September 2024.
Deferred taxes payable: This category remains relatively stable, generally oscillating between about 30,000 and 44,528 thousand USD. Minor cyclical variations occur, but the trend line shows stability with slight upward movement toward the end of the period analyzed.
Unearned revenue, noncurrent: Noncurrent unearned revenue initially ranges from approximately 15,800 to 22,000 thousand USD, maintaining a steady increase over time before peaking near 26,600 thousand USD in mid-2023. Subsequently, there is a declining pattern bringing values down to 20,625 thousand USD by September 2024.
Accrued liabilities, noncurrent: These liabilities show a downward trend over the periods, starting around 3,490 thousand USD and decreasing to a low point of under 900 thousand USD in 2024 before a slight increase toward the end, ending at 953 thousand USD.
Noncurrent liabilities: Noncurrent liabilities fluctuate moderately within a range of approximately 49,990 to 68,890 thousand USD. The data reveal a general upward trend from 2019 through mid-2023, followed by modest decreases and stabilization near 66,100 thousand USD at the end of the observed periods.
Total liabilities: Total liabilities reflect patterns similar to current and noncurrent liabilities combined. The values begin at roughly 71,107 thousand USD, increasing to a peak of approximately 136,721 thousand USD in March 2024, before decreasing to about 123,437 thousand USD by September 2024. Noticeable volatility is present with periodic sharp increases and declines.
Common stock: Common stock shows a stable par value throughout the majority of the periods, maintaining 78 thousand USD until a jump to 231 thousand USD occurring in March 2024, indicating possible stock issuance or corporate restructuring.
Treasury stock: Treasury stock reflects an increasing negative balance trend, indicating more shares were repurchased over time. The deficit deepens significantly from -2,504 thousand USD in early 2021 to -162,416 thousand USD by mid-2024, suggesting aggressive buyback activities.
Additional paid-in capital: This component grows steadily over time, with early data unavailable, starting from 28 thousand USD in September 2021 and increasing to over 16,000 thousand USD by mid-2024, indicating equity injections exceeding the par value of the stock.
Accumulated other comprehensive income (loss): The accumulated other comprehensive income/loss originally reflected a modest loss between -1,069 and -1,421 thousand USD through 2019 but shifted into positive territory around 2022. Since then, it fluctuates slightly in the positive range near 1,700 to 2,500 thousand USD, suggesting an improvement in other comprehensive income components.
Retained earnings: Retained earnings exhibit a consistent upward trajectory over the entire period, increasing from the early millions (values not available for the earliest periods) to over 1,346,834 thousand USD by March 2024, followed by a decline to 1,196,158 thousand USD in June 2024, indicating a substantial accumulation of net income historically with some recent reductions.
Net proceeds from all sources: Reported only between March 2019 and December 2020, net proceeds grow from 334,868 thousand USD in early 2019 to a peak of 520,648 thousand USD in September 2020, then decline to 487,877 thousand USD by the end of 2020, reflecting volatile capital raising or sales activity over this period.
Total equity: Total equity follows a general increasing trend from approximately 333,799 thousand USD in early 2019 to a peak surpassing 1,202,421 thousand USD in early 2024. There are periods of declines, particularly in 2022 and mid-2024, indicating some equity drawdowns or losses.
Total liabilities and equity: The combined total of liabilities and equity increases steadily from about 404,906 thousand USD in the first reported period to a high near 1,315,791 thousand USD in mid-2024, with some withdrawals and fluctuations occurring intermittently, suggesting growth in overall capitalization with phases of contraction.

Download chart

Texas Pacific Land Corp. (NYSE:TPL)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data