CKX LANDS, INC. CKX
CKX Lands, Inc., a Louisiana corporation, began operations in 1930 under the name Calcasieu Real Estate & Oil Co., Inc. It was originally organized as a spin-off by a bank operating in southwest Louisiana. The purpose of the spin-off was to form an entity to hold non-producing mineral interests which regulatory authorities required the bank to charge off. Over the years, as some of the mineral interests began producing, the Company used part of the proceeds to acquire land. In 1990, the Company made its largest acquisition when it was one of four purchasers who bought a fifty percent undivided interest in approximately 35,575 acres in southwest Louisiana.
Today the Company's income is derived from mineral royalties, timber sales and surface payments from its lands. CKX receives income from royalty interests and mineral leases related to oil and gas production, timber sales, land sales and surface rents. Although CKX is active in the management of its land and planting and harvesting its timber, CKX is passive in the production of income from oil and gas production in that CKX does not explore for oil and gas or operate wells. These oil and gas activities are performed by unrelated third parties.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $838.5K | $1.5M | $1.5M | $1.1M | $744.5K | $671.9K | $811.3K | $1.2M | $1.1M | $863.4K |
| SG&A | $687.4K | $1.4M | $1.5M | $2.9M | $651.6K | $605.2K | $618.9K | $573.5K | $495.0K | $508.4K |
| Total operating expenses | -$2.8M | $1.4M | $1.4M | $2.9M | -$318.8K | $292.9K | $619.7K | -$173.6K | $603.5K | $676.0K |
| Operating income | $3.6M | $117.0K | $121.8K | -$1.8M | $1.1M | $379.1K | $191.6K | $1.4M | $541.1K | $187.4K |
| Pre-tax income | $4.0M | $337.7K | $282.2K | -$1.8M | $1.1M | $438.2K | $301.2K | $1.5M | $586.1K | $222.3K |
| Income tax | $966.8K | $87.5K | $139.2K | $487.7K | $264.0K | $98.8K | $51.3K | $350.8K | $63.2K | $51.6K |
| Net income | $3.0M | $250.2K | $143.0K | -$1.3M | $819.3K | $339.4K | $249.9K | $1.1M | $522.9K | $170.7K |
| EPS, basic | 1.47 | 0.12 | 0.07 | -0.67 | 0.42 | — | 0.13 | 0.57 | 0.27 | 0.09 |
| EPS, diluted | 1.47 | 0.12 | 0.07 | -0.67 | 0.42 | 0.17 | 0.00 | 0.00 | 0.00 | — |
| Shares, diluted (wtd. avg.) | 2.0M | 2.1M | 2.0M | 2.0M | 1.9M | — | — | — | 1.9M | 1.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | $7.4M | $6.5M | $3.3M | $1.9M | $1.7M | $1.1M |
| Receivables | $41.7K | $78.1K | $104.7K | $126.4K | $50.7K | $98.5K | $102.8K | $118.5K | $113.1K | $62.4K |
| Total current assets | $18.1M | $9.6M | $9.4M | $8.3M | $8.0M | $7.1M | $6.6M | $5.6M | $4.5M | $4.5M |
| Property, plant and equipment | $4.2M | $9.0M | $9.1M | $9.1M | $9.1M | $9.2M | $9.2M | $9.2M | $9.3M | $9.2M |
| Total assets | $22.3M | $18.8M | $18.8M | $17.7M | $17.1M | $16.3M | $15.9M | $15.6M | $14.7M | $14.4M |
| Accounts payable | $88.0K | $52.4K | $159.2K | $37.6K | $111.1K | $110.8K | $62.3K | $92.0K | $207.2K | $122.5K |
| Total current liabilities | $730.4K | $264.2K | $495.3K | $267.2K | $261.2K | $342.2K | $227.4K | $216.8K | $220.5K | $132.5K |
| Total liabilities | $840.4K | $264.2K | $495.3K | $267.2K | $448.9K | $529.9K | $415.1K | $404.5K | $408.2K | $431.4K |
| Retained earnings | $18.6M | $15.6M | $15.4M | $15.2M | $16.5M | $15.7M | $15.4M | $15.1M | $14.3M | $13.9M |
| Total equity | $21.4M | $18.6M | $18.3M | $17.4M | $16.6M | $15.8M | $15.4M | $15.2M | $14.3M | $14.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $459.6K | $204.8K | $877.0K | $413.7K | -$263.7K | $140.2K | $194.7K | $241.6K | $404.3K | $280.8K |
| Depreciation and amortisation | $3.2K | $4.4K | $4.9K | $5.0K | $2.0K | $2.3K | $1.8K | $3.9K | $16.9K | $467 |
| Stock-based compensation | $0 | $223.6K | $841.8K | $2.3M | $0 | — | — | — | — | — |
| Capital expenditure | — | — | — | — | — | — | — | $55.4K | $155.3K | $14.0K |
| Investing cash flow | $14.3M | -$4.1M | -$391.3K | -$498.8K | $1.2M | $3.0M | $1.2M | $199.9K | $361.2K | -$2.0M |
| Financing cash flow | -$147.6K | -$208.9K | -$87.2K | -$176.6K | $0 | — | — | -$233.1K | -$194.2K | $6.5K |
| Dividends paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $233.1K | $233.1K | — |
| Buybacks | $147.6K | $208.9K | $87.2K | $176.6K | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-011522.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $863.4K | $1.1M | $1.2M | $811.3K | $671.9K | $744.5K | $1.1M | $1.5M | $1.5M | $838.5K |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $170.7K | $522.9K | $1.1M | $249.9K | $339.4K | $819.3K | -$1.3M | $143.0K | $250.2K | $3.0M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Shareholder vote Item 5.07
- Annual report filed Form 10-K
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote Item 5.07
- Regulation FD disclosure Item 7.01
- Annual report filed Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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