XML 15 R5.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flow from operating activities:    
Net income $ 3,788 $ 545
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of royalty interests in oil and natural gas properties 3,424 3,187
Depreciation of property and equipment 26 26
Amortization of debt issuance costs 168 168
Amortization of right-of-use assets 188 129
Unrealized (gain) loss on commodity derivative instruments (250) 583
Change in fair value of warrant liability 5,189 3,202
Stock-based compensation 390 972
Deferred income taxes 480 459
Changes in operating assets and liabilities    
Accounts receivable (1,826) (2,831)
Prepaid expenses 364 24
Other assets 134  
Accounts payable and accrued expenses 2,992 (302)
Other liabilities (214) (151)
Net cash provided by operating activities 14,853 6,011
Cash flows from financing activities:    
Proceeds from credit facility 3,000 4,000
Repayments of long-term debt (5,000) (3,300)
Dividends paid (6,824) (3,458)
Distributions to non-controlling interests (5,806) (3,000)
Distribution equivalent rights paid (70) (50)
Net cash used in financing activities (14,700) (5,808)
Net increase (decrease) in cash and cash equivalents 153 203
Cash and cash equivalents, beginning of period 2,768 2,724
Cash and cash equivalents, end of period 2,921 2,927
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 325 $ 319