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, 2014
Dec. 31, 2013
Current Assets    
Cash and cash equivalents $ 5,693 $ 7,608
Trade receivables, net 24,449 22,069
Advance to AMAK 536 536
Inventories 11,977 12,063
Prepaid expenses and other assets 1,625 2,075
Contractual based intangible assets, net 42 104
Taxes receivable 292 571
Deferred income taxes 1,167 1,324
Total current assets 45,781 46,350
Plant, pipeline and equipment, net 42,229 41,925
Investment in AMAK 53,745 54,095
Mineral properties in the United States 588 588
Other assets 648 709
TOTAL ASSETS 142,991 143,667
Current Liabilities    
Accounts payable 7,369 7,362
Accrued interest 93 102
Current portion of derivative instruments 229 292
Accrued liabilities 2,498 3,060
Accrued liabilities in Saudi Arabia 140 140
Current portion of post-retirement benefit 280 278
Current portion of long-term debt 1,400 1,400
Current portion of other liabilities 1,654 1,654
Total current liabilities 13,663 14,288
Long-term debt, net of current portion 9,489 11,839
Post-retirement benefit, net of current portion 649 649
Derivative instruments, net of current portion 266 319
Other liabilities, net of current portion 958 1,369
Deferred income taxes 11,588 11,984
Total liabilities 36,613 40,448
EQUITY    
Common stock-authorized 40 million shares of $.10 par value; issued and outstanding 23.9 million and 23.8 million shares in 2014 and 2013, respectively 2,386 2,383
Additional paid-in capital 46,577 46,064
Accumulated other comprehensive loss (322) (366)
Retained Earnings 57,448 54,849
Total Arabian American Development Company Stockholders' Equity 106,089 102,930
Noncontrolling Interest 289 289
Total equity 106,378 103,219
TOTAL LIABILITIES AND EQUITY $ 142,991 $ 143,667