XML 22 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements Of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES      
Cash received from royalties and rents $ 24,466,594 $ 18,325,585 $ 18,038,369
Cash paid to suppliers and employees (3,085,319) (2,916,890) (2,620,480)
Interest received 20,047 74,076 230,606
NET CASH PROVIDED BY OPERATING ACTIVITIES 21,401,322 15,482,771 15,648,495
INVESTING ACTIVITIES      
United States Treasury securities purchased (8,200,000) (3,575,000) (10,000,000)
United States Treasury securities matured 6,400,000 4,525,000 8,900,000
Expenditures for building and equipment (18,685) (38,695) (17,200)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (1,818,685) 911,305 (1,117,200)
FINANCING ACTIVITIES      
Distributions paid (19,500,000) (16,650,000) (14,850,000)
NET CASH USED IN FINANCING ACTIVITIES (19,500,000) (16,650,000) (14,850,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 82,637 (255,924) (318,705)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 668,310 924,234 1,242,939
CASH AND CASH EQUIVALENTS AT END OF YEAR 750,947 668,310 924,234
RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES      
Net income 23,047,811 17,468,842 11,448,504
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 618,991 613,721 601,769
Net periodic pension cost (Note 7) 489,733 413,292 533,190
Pension contribution (Note 7) (551,124) (577,839) (410,000)
Net (increase) decrease in assets:      
Accrued interest (28,183) (658) 72,586
Royalties receivable (1,871,065) (2,465,487) 3,429,446
Prepaid expenses 2,409    
Mineral and surface lands (352,650)   (60,000)
Net increase (decrease) in liabilities:      
Accounts payable and accrued expenses 17,300 (600) 7,800
Deferred compensation 28,100 31,500 25,200
NET CASH PROVIDED BY OPERATING ACTIVITIES $ 21,401,322 $ 15,482,771 $ 15,648,495