LandBridge Company LLC (LB) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

Swipe to see the full flow
LandBridge Company LLC cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $48,917,000.00Share-based compensation → Operating adjustments reconciliation: $22,504,000.00Depreciation, depletion, amortization → Operating adjustments reconciliation: $8,799,000.00Taxes payable → Operating adjustments reconciliation: $2,175,000.00Accounts receivable → Operating adjustments reconciliation: $1,695,000.00Deferred income tax expense → Operating adjustments reconciliation: $1,645,000.00Amortization of debt issuance costs → Operating adjustments reconciliation: $1,138,000.00Prepaid expenses and other assets → Operating adjustments reconciliation: $997,000.00Related party accounts payable → Operating adjustments reconciliation: $280,000.00Accounts payable → Operating adjustments reconciliation: $151,000.00Operating adjustments reconciliation → Net cash from operating activities: $33,574,000.00Operating adjustments reconciliation → Related party accounts receivable: $4,933,000.00Operating adjustments reconciliation → Accrued and other liabilities: $810,000.00Operating adjustments reconciliation → Other: $67,000.00Proceeds from disposal of assets → investing reconciliation: $55,000.00investing reconciliation → Acquisitions: $12,166,000.00investing reconciliation → Capital expenditures: $1,311,000.00Net cash used in financing activities → financing reconciliation: $60,013,000.00financing reconciliation → Dividends, dividend equivalents, and distributions paid: $33,322,000.00financing reconciliation → Repayments of debt: $25,483,000.00financing reconciliation → Debt issuance costs: $1,201,000.00financing reconciliation → Other: $7,000.00Net cash used in investing activities → investing reconciliation: $13,422,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $30,741,000.00Net cash from operating activities → Cash sources and uses: $82,491,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $39,797,000.00Cash sources and uses → Net cash used in investing activities: $13,422,000.00Cash sources and uses → Net cash used in financing activities: $60,013,000.00Net income: $48,917,000.00Net income+$48.92 MAmortization of debt issuance costs: $1,138,000.00Debt issuance cost amortization+$1.14 MDeferred income tax expense: $1,645,000.00Deferred income taxes+$1.65 MDepreciation, depletion, amortization: $8,799,000.00Depreciation & amortization+$8.80 MShare-based compensation: $22,504,000.00Stock-based compensation+$22.50 MOther: -$67,000.00Other non-cash items−$67.00 KAccrued and other liabilities: -$810,000.00Accrued & other liabilities−$810.00 KTaxes payable: $2,175,000.00Income taxes payable+$2.18 MAccounts receivable: $1,695,000.00Accounts receivable+$1.70 MRelated party accounts receivable: -$4,933,000.00Related-party receivables−$4.93 MRelated party accounts payable: $280,000.00Related party payables+$280.00 KAccounts payable: $151,000.00Trade payables+$151.00 KPrepaid expenses and other assets: $997,000.00Prepaid & other assets+$997.00 KNet cash from operating activities: $82,491,000.00Operating cash+$82.49 MOperating adjustments reconciliation: $39,384,000.00Dividends, dividend equivalents, and distributions paid: -$33,322,000.00Dividends paid−$33.32 MOffering costs: $0.00Repayments of debt: -$25,483,000.00Debt repaid−$25.48 MOther: -$7,000.00Other financing, net−$7.00 KDebt issuance costs: -$1,201,000.00Debt issuance costs−$1.20 MProceeds from debt: $0.00Net cash used in financing activities: -$60,013,000.00. Cash required to fund net payments.Financing cash−$60.01 Mfinancing reconciliation: $60,013,000.00Acquisitions: -$12,166,000.00Acquisitions, net of cash−$12.17 MCapital expenditures: -$1,311,000.00Capital expenditures−$1.31 MProceeds from disposal of assets: $55,000.00Asset sales+$55.00 KNet cash used in investing activities: -$13,422,000.00. Cash required to fund net payments.Investing cash−$13.42 Minvesting reconciliation: $13,477,000.00Cash sources and uses: $113,232,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $30,741,000.00Beginning cash$30.74 MEnding cash: Cash, cash equivalents, and restricted cash: $39,797,000.00Ending cash$39.80 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$81.18 MOperating cash − cash spent on productive assetsCash flow / Net income1.69×Operating cash flow ÷ net incomeNet cash change+$9.06 MEnding cash − beginning cash
Chart details

LandBridge Company LLC cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
30,741,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
82,491,000 US dollars. Net cash provided.
Net income
48,917,000 US dollars
Amortization of debt issuance costs
1,138,000 US dollars
Deferred income tax expense
1,645,000 US dollars
Depreciation, depletion, amortization
8,799,000 US dollars
Share-based compensation
22,504,000 US dollars
Other
negative 67,000 US dollars
Accrued and other liabilities
negative 810,000 US dollars
Taxes payable
2,175,000 US dollars
Accounts receivable
1,695,000 US dollars
Related party accounts receivable
negative 4,933,000 US dollars
Related party accounts payable
280,000 US dollars
Accounts payable
151,000 US dollars
Prepaid expenses and other assets
997,000 US dollars
Investing activities
negative 13,422,000 US dollars. Net cash used.
Acquisitions
negative 12,166,000 US dollars
Capital expenditures
negative 1,311,000 US dollars
Proceeds from disposal of assets
55,000 US dollars
Financing activities
negative 60,013,000 US dollars. Net cash used.
Dividends, dividend equivalents, and distributions paid
negative 33,322,000 US dollars
Offering costs
0 US dollars
Repayments of debt
negative 25,483,000 US dollars
Other
negative 7,000 US dollars
Debt issuance costs
negative 1,201,000 US dollars
Proceeds from debt
0 US dollars
Operating adjustment reconciliation
39,384,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
60,013,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
13,477,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
39,797,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
113,232,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
9,056,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.69×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
82,491,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
1,311,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
81,180,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $33.57M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 82,491,000 US dollars minus 1,311,000 US dollars equals 81,180,000 US dollars.
LandBridge Company LLC (LB) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!