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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES        
Petrochemical Product Sales $ 59,354 $ 53,181 [1] $ 165,737 $ 169,681 [1]
Processing Fees 1,516 1,097 [1] 3,853 3,240 [1]
Total Revenues 60,870 54,278 [1] 169,590 172,921 [1]
OPERATING COSTS AND EXPENSES        
Cost of Sales and Processing (including depreciation of $834, $762, $2,497, and $2,236, respectively) 50,772 45,511 [1] 144,246 149,069 [1]
GROSS PROFIT 10,098 8,767 [1] 25,344 23,852 [1]
GENERAL AND ADMINISTRATIVE EXPENSES        
General and Administrative 3,411 3,122 [1] 10,368 8,755 [1]
Depreciation 129 126 [1] 389 375 [1]
Total General and Administrative Expenses 3,540 3,248 [1] 10,757 9,130 [1]
OPERATING INCOME 6,558 5,519 [1] 14,587 14,722 [1]
OTHER INCOME (EXPENSE)        
Interest Income 4 2 [1] 5 2 [1]
Interest Expense (141) (120) [1] (379) (435) [1]
Losses on Cash Flow Hedge Reclassified from OCI (73) (90) [1] (231) (275) [1]
Equity in earnings (loss) of AMAK 1,302 (528) [1] 8,998 (1,043) [1]
Miscellaneous Expense (57) (15) [1] (146) (92) [1]
Total other income (expenses) 1,035 (751) [1] 8,247 (1,843) [1]
INCOME BEFORE INCOME TAXES 7,593 4,768 [1] 22,834 12,879 [1]
INCOME TAXES 2,372 1,764 [1] 6,519 4,408 [1]
NET INCOME 5,221 3,004 [1] 16,315 8,471 [1]
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 0 0 [1] 0 0 [1]
NET INCOME ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT COMPANY $ 5,221 $ 3,004 [1] $ 16,315 $ 8,471 [1]
Basic Earnings per Common Share        
Net Income Attributable to Arabian American Development Company (in dollars per share) $ 0.22 $ 0.13 [1] $ 0.68 $ 0.35 [1]
Basic Weighted Average Number of Common Shares Outstanding (in shares) 24,116 24,091 [1] 24,110 24,073 [1]
Diluted Earnings per Common Share        
Net Income Attributable to Arabian American Development Company (in dollars per share) $ 0.21 $ 0.12 [1] $ 0.66 $ 0.34 [1]
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 24,782 24,753 [1] 24,697 24,759 [1]
[1] (restated)