Stock Analysis on Net
Stock Analysis on Net

Texas Pacific Land Corp. (NYSE:TPL)

This company has been moved to the archive! The financial data has not been updated since November 6, 2024.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Texas Pacific Land Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable and accrued expenses 1.95 2.72 2.34 2.33 3.21
Ad valorem and other taxes payable 0.93 0.92 0.01 0.00 0.00
Income taxes payable 0.41 0.36 3.81 0.71 0.88
Unearned revenue 0.55 0.51 0.50 0.70 0.00
Current liabilities 3.84% 4.51% 6.66% 3.74% 4.09%
Deferred taxes payable 3.66 4.69 5.10 6.77 6.83
Unearned revenue, noncurrent 2.16 2.47 2.68 3.88 2.91
Operating lease liabilities, noncurrent 0.10 0.22 0.19 0.35 0.56
Accrued liabilities, noncurrent 0.02 0.01 0.08 0.38 0.00
Noncurrent liabilities 5.95% 7.40% 8.04% 11.38% 10.29%
Total liabilities 9.79% 11.91% 14.70% 15.12% 14.38%
Preferred stock, $0.01 par value; none outstanding 0.00 0.00 0.00 0.00 0.00
Common stock, $0.01 par value 0.01 0.01 0.01 0.00 0.00
Treasury stock, at cost -12.54 -11.87 -2.02 0.00 0.00
Additional paid-in capital 1.26 0.95 0.00 0.00 0.00
Accumulated other comprehensive income (loss) 0.16 0.29 -0.13 -0.47 -0.24
Retained earnings 101.32 98.71 87.43 0.00 0.00
Net proceeds from all sources 0.00 0.00 0.00 85.35 85.86
Total equity 90.21% 88.09% 85.30% 84.88% 85.62%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Texas Pacific Land Corp. current liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 and from 2022 to 2023.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Texas Pacific Land Corp. noncurrent liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Texas Pacific Land Corp. total liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 and from 2022 to 2023.
Total equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Texas Pacific Land Corp. total equity as a percentage of total liabilities and equity increased from 2021 to 2022 and from 2022 to 2023.