Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 3,008 $ 6,674
Derivative instruments 0 393
Trade receivables, net 21,764 23,198
Advance to AMAK 1,662 120
Inventories 10,325 9,456
Prepaid derivative settlement 500 0
Prepaid expenses and other assets 1,762 561
Current portion of contractual based intangible assets, net 250 251
Deferred income taxes 1,257 1,169
Total current assets 40,528 41,822
Plant, pipeline and equipment, net 38,881 36,952
Investment in AMAK 30,884 30,884
Mineral properties in the United States 588 588
Contractual based intangible asset, net 167 355
Other assets 11 11
TOTAL ASSETS 111,059 110,612
Current Liabilities    
Accounts payable 6,256 5,857
Accrued interest 99 116
Current portion of derivative instruments 760 345
Accrued liabilities 1,514 2,956
Accrued liabilities in Saudi Arabia 140 140
Current portion of post retirement benefit 266 258
Current portion of long-term debt 1,500 1,500
Current portion of other liabilities 852 937
Total current liabilities 11,387 12,109
Long-term debt, net of current portion 14,689 22,739
Post-retirement benefit, net of current portion 649 649
Derivative instruments, net of current portion 662 789
Other liabilities, net of current portion 659 1,071
Deferred income taxes 6,719 7,016
Total liabilities 34,765 44,373
EQUITY    
Common stock-authorized 40 million shares of $.10 par value; issued and outstanding 23.8 million and 23.7 million shares in 2012 and 2011, respectively (Note 6) 2,380 2,373
Additional paid-in capital 44,569 44,138
Accumulated other comprehensive loss (645) (748)
Retained earnings 29,701 20,187
Total Arabian American Development Company Stockholders'Equity 76,005 65,950
Noncontrolling Interest 289 289
Total equity 76,294 66,239
TOTAL LIABILITIES AND EQUITY $ 111,059 $ 110,612