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
Mar. 31, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 3,651 [1] $ 9,508 [1]
Trade receivables, net 20,008 [1] 15,802
Advance to AMAK 2,162 [1] 2,162
Inventories 12,298 [1] 9,840
Prepaid expenses and other assets 1,561 [1] 1,561
Contractual based intangible assets, net 250 [1] 250
Taxes receivable 7 [1] 1,182
Deferred income taxes 1,164 [1] 1,054
Total current assets 41,101 [1] 41,359
Plant, pipeline and equipment, net 40,688 [1] 40,420
Investment in AMAK 48,358 [1] 37,894
Mineral properties in the United States 588 [1] 588
Contractual based intangible asset, net of current portion 42 [1] 104
Other assets 11 [1] 11
TOTAL ASSETS 130,788 [1] 120,376
Current Liabilities    
Accounts payable 6,450 [1] 6,306
Accrued interest 103 [1] 96
Current portion of derivative instruments 287 [1] 301
Accrued liabilities 2,131 [1] 2,699
Accrued liabilities in Saudi Arabia 140 [1] 140
Current portion of post-retirement benefit 271 [1] 269
Current portion of long-term debt 1,500 [1] 1,500
Current portion of other liabilities 828 [1] 880
Total current liabilities 11,710 [1] 12,191
Long-term debt, net of current portion 19,889 [1] 14,239
Post-retirement benefit, net of current portion 649 [1] 649
Derivative instruments, net of current portion 520 [1] 592
Other liabilities, net of current portion 660 [1] 379
Deferred income taxes 10,020 [1] 10,094
Total liabilities 43,448 [1] 38,144
EQUITY    
Common stock-authorized 40 million shares of $.10 par value; issued and outstanding 23.8 million shares in 2013 and 2012 2,381 [1] 2,381
Additional paid-in capital 45,058 [1] 44,791
Accumulated other comprehensive loss (525) [1] (580)
Retained Earnings 40,137 [1] 35,351
Total Arabian American Development Company Stockholders' Equity 87,051 [1] 81,943
Noncontrolling Interest 289 [1] 289
Total equity 87,340 [1] 82,232
TOTAL LIABILITIES AND EQUITY $ 130,788 [1] $ 120,376
[1] Restated - See Notes 2 and 3