Texas Pacific Land Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2018 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2018 - 2019
Net Income	461.75	453.96	405.65	446.36	269.98	176.05	Upgrade
Depreciation & Amortization	42.87	25.16	14.76	15.38	16.26	14.4	Upgrade
Stock-Based Compensation	14.33	12.5	10.34	8.43	0.03	-	Upgrade
Other Adjustments	5.18	-0.01	1.4	1.26	0.22	-3.51	Upgrade
Change in Receivables	-	-0.61	-24.46	-13.83	-47.6	18.83	Upgrade
Changes in Income Taxes Payable	3.29	-2.75	8.7	-22.4	25.04	-1.22	Upgrade
Changes in Unearned Revenue	-	-3.9	5.14	1.94	-1.91	8.79	Upgrade
Changes in Other Operating Activities	6.83	6.33	-3.24	10.02	3.15	-6.29	Upgrade
Operating Cash Flow	522.77	490.67	418.29	447.15	265.16	207.04	Upgrade
Operating Cash Flow Growth	12.53%	17.30%	-6.45%	68.63%	28.07%	-39.60%	Upgrade
Capital Expenditures	-33.35	-31.17	-35.35	-19.85	-16.08	-9.05	Upgrade
Sale of Property, Plant & Equipment	-	-	0.01	0.11	1.09	-	Upgrade
Purchases of Intangible Assets	-	-	-21.4	-	-	-	Upgrade
Payments for Business Acquisitions	-	-45	-	-	-	-	Upgrade
Other Investing Activities	-	-395.58	-3.57	-1.66	-	-16.95	Upgrade
Investing Cash Flow	-478.55	-471.75	-60.31	-21.4	-15	-26	Upgrade
Repurchase of Common Stock	-	-30.78	-44.64	-89.53	-19.68	-	Upgrade
Net Common Stock Issued (Repurchased)	-	-30.78	-44.64	-89.53	-19.68	-	Upgrade
Common Dividends Paid	-367.72	-347.31	-99.97	-247.28	-85.26	-201.66	Upgrade
Financing Cash Flow	-394.99	-378.09	-144.61	-336.81	-104.95	-201.66	Upgrade
Net Cash Flow	-350.77	-359.17	213.37	88.94	145.22	-20.62	Upgrade
Beginning Cash & Cash Equivalents	894.7	730.55	517.18	428.24	283.02	303.65	Upgrade
Ending Cash & Cash Equivalents	543.93	371.38	730.55	517.18	428.24	283.02	Upgrade
Free Cash Flow	489.41	459.5	382.94	427.3	249.08	197.99	Upgrade
Free Cash Flow Growth	6.51%	19.99%	-10.38%	71.55%	25.81%	-16.11%	Upgrade
FCF Margin	65.88%	65.10%	60.63%	64.02%	55.23%	65.44%	Upgrade
Free Cash Flow Per Share	21.26	19.96	16.61	18.43	10.71	8.51	Upgrade
Levered Free Cash Flow	481.38	447.62	395.66	431.44	296.44	182.67	Upgrade
Unlevered Free Cash Flow	454.41	416.5	370.96	426.3	295.97	180.75	Upgrade

Updated Jun 30, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.