Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities    
Net Income $ 2,208 $ 257
Adjustments to Reconcile Net Income Attributable to Arabian American Development Company To Net Cash Provided by (Used in) Operating Activities:    
Depreciation 848 784
Amortization of Contractual Based Intangible Asset 63 63
Accretion of Notes Receivable Discounts (1) (1)
Unrealized Gain on Derivative Instruments (604) (200)
Stock-based Compensation 217 191
Deferred Income Taxes 178 129
Postretirement Obligation 3 3
Changes in operating assets and liabilities:    
(Increase) Decrease in Trade Receivables 131 (4,260)
(Increase ) Decrease in Notes Receivable (87) 21
Increase in Inventories (1,072) (14)
(Increase) Decrease in Prepaid Expenses (115) 43
Increase in Accounts Payable and Accrued Liabilities 899 2,616
Decrease in Accrued Interest 0 (3)
Increase in Other Liabilities 353 0
Net Cash Provided by (Used in) Operating Activities 3,021 (371)
Investing activities    
Additions to Plant, Pipeline and Equipment (1,812) (958)
Advance to AMAK (5) 0
Net Cash Used in Investing Activities (1,817) (958)
Financing Activities    
Issuance of Common Stock 105 17
Repayment of Long-Term Debt (2,350) (431)
Net Cash Provided Used In Financing Activities (2,245) (414)
NET DECREASE IN CASH AND CASH EQUIVALENTS (1,041) (1,743)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 6,674 7,610
CASH AND CASH EQUIVALENTS AT END OF PERIOD 5,633 5,867
Supplemental disclosure of cash flow information:    
Cash payments for interest 255 271
Cash payments for taxes, net of (refunds) 550 257
Supplemental disclosure of non-cash items:    
Capital expansion amortized to depreciation expense 286 94
Unrealized gain on interest rate swap, net of tax expense $ 71 $ 180