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
Jun. 30, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 4,726 $ 9,508
Trade receivables, net 21,081 15,802
Advance to AMAK 443 2,162
Inventories 12,316 9,840
Prepaid expenses and other assets 2,089 1,561
Contractual based intangible assets, net 230 250
Taxes receivable 0 1,182
Deferred income taxes 1,025 1,054
Total current assets 41,910 41,359
Plant, pipeline and equipment, net 41,099 40,420
Investment in AMAK 53,091 37,894
Mineral properties in the United States 588 588
Contractual based intangible asset, net of current portion 0 104
Other assets 11 11
TOTAL ASSETS 136,699 120,376
Current Liabilities    
Accounts payable 5,959 6,306
Accrued interest 98 96
Current portion of derivative instruments 272 301
Accrued liabilities 3,296 2,699
Accrued liabilities in Saudi Arabia 140 140
Current portion of post-retirement benefit 273 269
Current portion of long-term debt 1,500 1,500
Current portion of other liabilities 828 880
Total current liabilities 12,366 12,191
Long-term debt, net of current portion 17,539 14,239
Post-retirement benefit, net of current portion 649 649
Derivative instruments, net of current portion 424 592
Other liabilities, net of current portion 391 379
Deferred income taxes 11,283 10,094
Total liabilities 42,652 38,144
EQUITY    
Common stock-authorized 40 million shares of $.10 par value; issued and outstanding 23.8 million shares in 2013 and 2012 2,382 2,381
Additional paid-in capital 45,383 44,791
Accumulated other comprehensive loss (453) (580)
Retained Earnings 46,446 35,351
Total Arabian American Development Company Stockholders' Equity 93,758 81,943
Noncontrolling Interest 289 289
Total equity 94,047 82,232
TOTAL LIABILITIES AND EQUITY $ 136,699 $ 120,376