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, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 7,076 $ 9,508
Trade receivables, net 20,320 15,802
Advance to AMAK 507 2,162
Inventories 13,110 9,840
Prepaid expenses and other assets 2,497 1,561
Contractual based intangible assets, net 167 250
Taxes receivable 0 1,182
Deferred income taxes 1,426 1,054
Total current assets 45,103 41,359
Plant, pipeline and equipment, net 41,871 40,420
Investment in AMAK 54,393 37,894
Mineral properties in the United States 588 588
Contractual based intangible asset, net of current portion 0 104
Other assets 353 11
TOTAL ASSETS 142,308 120,376
Current Liabilities    
Accounts payable 5,699 6,306
Accrued interest 109 96
Current portion of derivative instruments 296 301
Accrued liabilities 3,939 2,699
Accrued liabilities in Saudi Arabia 140 140
Current portion of post-retirement benefit 276 269
Current portion of long-term debt 1,500 1,500
Current portion of other liabilities 1,504 880
Total current liabilities 13,463 12,191
Long-term debt, net of current portion 15,189 14,239
Post-retirement benefit, net of current portion 649 649
Derivative instruments, net of current portion 367 592
Other liabilities, net of current portion 1,191 379
Deferred income taxes 11,801 10,094
Total liabilities 42,660 38,144
EQUITY    
Common stock - authorized 40 million shares of $.10 par value; issued and outstanding 23.8 million shares in 2013 and 2012 2,383 2,381
Additional paid-in capital 45,716 44,791
Accumulated other comprehensive loss (406) (580)
Retained Earnings 51,666 35,351
Total Arabian American Development Company Stockholders' Equity 99,359 81,943
Noncontrolling Interest 289 289
Total equity 99,648 82,232
TOTAL LIABILITIES AND EQUITY $ 142,308 $ 120,376