XML 31 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements Of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
OPERATING ACTIVITIES      
Cash received from royalties and rents $ 18,551,641 $ 27,961,480 $ 24,466,594
Cash paid to suppliers and employees (3,951,959) (3,469,871) (3,085,319)
Interest received 67,290 55,865 20,047
NET CASH PROVIDED BY OPERATING ACTIVITIES 14,666,972 24,547,474 21,401,322
INVESTING ACTIVITIES      
United States Treasury securities purchased (5,275,000) (10,550,000) (8,200,000)
United States Treasury securities matured 9,600,000 7,675,000 6,400,000
Expenditures for building and equipment (23,206) (29,990) (18,685)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 4,301,794 (2,904,990) (1,818,685)
FINANCING ACTIVITIES      
Distributions paid (18,900,000) (21,750,000) (19,500,000)
NET CASH USED IN FINANCING ACTIVITIES (18,900,000) (21,750,000) (19,500,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 68,766 (107,516) 82,637
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 643,431 750,947 668,310
CASH AND CASH EQUIVALENTS AT END OF YEAR 712,197 643,431 750,947
RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES      
Net income 14,790,714 20,068,433 23,047,811
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 744,071 732,379 618,991
Net periodic pension cost (Note 7) 776,646 690,387 489,733
Pension contribution (Note 7) (1,315,301) (799,918) (551,124)
Net decrease (increase) in assets:      
Accrued interest 46,338 19,115 (28,183)
Royalties receivable (378,796) 3,842,178 (1,871,065)
Prepaid expenses     2,409
Mineral and surface lands     (352,650)
Net (decrease) increase in liabilities:      
Accounts payable and accrued expenses (11,900) (24,600) 17,300
Deferred compensation 15,200 19,500 28,100
NET CASH PROVIDED BY OPERATING ACTIVITIES $ 14,666,972 $ 24,547,474 $ 21,401,322