| In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| | 10-K | 10-K | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Land And Resource Management | 363.3 | 211.5 | | 123.3 | | 74.6 | | |
| Water services and operations | 127.2 | 88.7 | | 31.3 | | | | |
| Water Service And Operations | | | | | | 4.8 | | |
| Total revenues [+] | 490.5 | 300.2 | 300.2 | 154.6 | 67.6 | 79.4 | 55.2 | 44.1 |
| Royalties | | | | | | 24.9 | 29.3 | 24.5 |
| Land sales | | | | | | 22.6 | 3.7 | 6.4 |
| Net interest income | | | | | | | 0.1 | 0.5 |
| Other | | | | | | 0.5 | | |
| Other income | | | | | | 26.6 | 0.5 | 0.5 |
| Revenue growth [+] | 63.4% | 94.1% | | 128.9% | -14.9% | 43.9% | 25.1% | 35.4% |
| Land And Resource Management | 71.8% | 71.5% | | | | | | |
| Water services and operations | 43.3% | 183.6% | | | | | | |
| Cost of goods sold | 35.0 | 18.4 | 39.4 | 3.8 | 1.4 | 0.0 | 0.0 | 0.0 |
| Gross profit | 455.5 | 281.8 | 260.8 | 150.9 | 66.1 | 79.4 | 55.2 | 44.1 |
| Gross margin | 92.9% | 93.9% | 86.9% | 97.6% | 97.9% | 100.0% | 100.0% | 100.0% |
| Selling, general and administrative [+] | 26.2 | 7.2 | 7.2 | 5.0 | 1.7 | 4.1 | 2.8 | 2.8 |
| Sales and marketing | | | | | | 1.2 | | 2.2 |
| General and administrative [+] | 26.2 | 7.2 | 7.2 | 5.0 | 1.7 | 2.9 | 2.8 | 0.6 |
| Wages and related expenses | | | | | | 1.2 | 0.9 | 1.2 |
| General and administrative expenses | 9.8 | 4.7 | 4.7 | 1.5 | 0.9 | 0.8 | 0.6 | 0.6 |
| Professional fees | 16.4 | 2.5 | 2.5 | 3.5 | 0.8 | 0.7 | 0.5 | 0.8 |
| Operating taxes | | | | | | 1.5 | 1.7 | 1.4 |
| Other selling, general and administrative | | | | | | 1.2 | | 2.2 |
| Other operating expenses | 20.8 | 11.2 | -7.2 | 0.5 | 1.4 | | 0.9 | 1.2 |
| EBITDA [+] | 408.5 | 263.4 | | 145.3 | 63.0 | 75.3 | 51.4 | 40.1 |
| EBITDA growth | 55.1% | 81.3% | | 130.8% | -16.4% | 46.4% | 28.1% | 36.9% |
| EBITDA margin | 83.3% | 87.7% | 86.9% | 94.0% | 93.2% | 94.8% | 93.2% | 91.0% |
| Depreciation and amortization | 8.9 | 2.6 | | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 |
| EBIT [+] | 399.6 | 260.8 | 260.8 | 144.9 | 62.9 | 75.3 | 51.4 | 40.1 |
| EBIT growth | 53.2% | 80.0% | | 130.4% | -16.4% | 46.4% | 28.1% | 36.9% |
| EBIT margin | 81.5% | 86.9% | 86.9% | 93.7% | 93.1% | 94.8% | 93.1% | 91.0% |
| Interest income | | | | | | 0.0 | 0.0 | 0.0 |
| Interest income | | | | | | 0.0 | 0.0 | 0.0 |
| Other income (expense), net | 2.7 | 0.9 | 0.9 | 0.1 | 0.0 | | | |
| Pre-tax income | 402.3 | 261.8 | 261.8 | 145.1 | 62.9 | 75.3 | 51.4 | 40.1 |
| Income taxes | 83.5 | 52.0 | 52.0 | 47.8 | 20.6 | 25.2 | 16.7 | 12.9 |
| Tax rate | 20.8% | 19.9% | 19.9% | 33.0% | 32.8% | 33.5% | 32.4% | 32.2% |
| Net income | 318.7 | 209.7 | 209.7 | 97.2 | 42.3 | 50.0 | 34.8 | 27.2 |
| Net margin | 65.0% | 69.9% | 69.9% | 62.9% | 62.6% | 63.0% | 63.0% | 61.7% |
| |
| Basic EPS [+] | $41.09 | $26.93 | | $12.38 | $5.29 | $6.10 | $4.14 | $3.16 |
| Growth | 52.6% | 117.6% | | 133.9% | -13.3% | 47.4% | 30.8% | 44.0% |
| Diluted EPS [+] | $41.09 | $26.93 | | $12.38 | $5.29 | $6.10 | $4.14 | $3.16 |
| Growth | 52.6% | 117.6% | | 133.9% | -13.3% | 47.4% | 30.8% | 44.0% |
| |
| Dividends per share [+] | $6.00 | $4.06 | | $1.36 | $0.31 | $0.29 | $0.27 | |
| Growth | 47.6% | 198.9% | | 333.3% | 7.1% | 7.9% | | -100.0% |
| |
| Shares outstanding (basic) [+] | 7.8 | 7.8 | | 7.9 | 8.0 | 8.2 | 8.4 | 8.6 |
| Growth | -0.4% | -0.9% | | -1.7% | -2.5% | -2.4% | -2.4% | -3.8% |
| Shares outstanding (diluted) [+] | 7.8 | 7.8 | | 7.9 | 8.0 | 8.2 | 8.4 | 8.6 |
| Growth | -0.4% | -0.9% | | -1.7% | -2.5% | -2.4% | -2.4% | -3.8% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |