Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Petrochemical Product Sales $ 54,762 $ 60,671 [1] $ 106,382 $ 116,499 [1]
Processing Fees 1,213 1,178 [1] 2,338 2,144 [1]
Total Revenues 55,975 61,849 [1] 108,720 118,643 [1]
OPERATING COSTS AND EXPENSES        
Cost of Sales and Processing (including depreciation of $825, $724, $1,663 and $1,473 respectively) 47,408 53,482 [1] 93,474 103,558 [1]
GROSS PROFIT 8,567 8,367 [1] 15,246 15,085 [1]
GENERAL AND ADMINISTRATIVE EXPENSES        
General and Administrative 3,452 2,646 [1] 6,957 5,633 [1]
Depreciation 131 125 [1] 260 249 [1]
Total General and Administrative Expenses 3,583 2,771 [1] 7,217 5,882 [1]
OPERATING INCOME 4,984 5,596 [1] 8,029 9,203 [1]
OTHER INCOME (EXPENSE)        
Interest Income 0 0 [1] 1 0 [1]
Interest Expense (123) (150) [1] (238) (315) [1]
Losses on Cash Flow Hedge Reclassified from OCI (80) (92) [1] (158) (185) [1]
Equity in earnings (loss) of AMAK 4,732 (302) [1] 3,700 (515) [1]
Miscellaneous Expense (69) (2) [1] (89) (77) [1]
Total other income (expenses) 4,460 (546) [1] 7,212 (1,092) [1]
INCOME BEFORE INCOME TAXES 9,444 5,050 [1] 15,241 8,111 [1]
INCOME TAXES 3,135 1,578 [1] 4,146 2,644 [1]
NET INCOME 6,309 3,472 [1] 11,095 5,467 [1]
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 0 0 [1] 0 0 [1]
NET INCOME ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT COMPANY $ 6,309 $ 3,472 [1] $ 11,095 $ 5,467 [1]
Basic Earnings per Common Share        
Net Income Attributable to Arabian American Development Company (in dollars per share) $ 0.26 $ 0.14 [1] $ 0.46 $ 0.23 [1]
Basic Weighted Average Number of Common Shares Outstanding (in shares) 24,110 24,084 [1] 24,108 24,064 [1]
Diluted Earnings per Common Share        
Net Income Attributable to Arabian American Development Company (in dollars per share) $ 0.26 $ 0.14 [1] $ 0.45 $ 0.22 [1]
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 24,652 24,761 [1] 24,655 24,762 [1]
[1] (restated)