Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES    
Net Income Attributable to Trecora Resources $ 17,476 $ 13,373
Adjustments to Reconcile Net Income of Trecora Resources To Net Cash Provided by Operating Activities:    
Depreciation 5,231 3,020
Amortization of Intangible Assets 1,217 104
Unrealized Gain on Derivative Instruments (332) (48)
Share-based Compensation 1,794 1,530
Deferred Income Taxes (231) (982)
Postretirement Obligation 6 6
Equity in losses of AMAK 2,364 687
Changes in Operating Assets and Liabilities:    
(Increase) Decrease in Trade Receivables 5,441 (5,556)
Decrease in Taxes Receivable 434 571
Decrease in Inventories 302 107
Increase in Prepaid Expenses (103) (695)
Decrease in Other Assets 215 164
Increase (Decrease) in Accounts Payable and Accrued Liabilities (342) 6,064
Increase in Other Liabilities 1,690 0
Net Cash Provided by Operating Activities 35,162 18,345
INVESTING ACTIVITIES    
Additions to Plant, Pipeline and Equipment (23,540) (8,582)
Acquisition Goodwill Adjustment (47) 0
Advance to AMAK, net 0 536
Net Cash Used in Investing Activities (23,587) (8,046)
FINANCING ACTIVITIES    
Issuance of Common Stock 46 91
Additions to Long-Term Debt 0 3,000
Repayment of Long-Term Debt (5,250) (7,050)
Net Cash Used in Financing Activities (5,204) (3,959)
NET INCREASE IN CASH AND CASH EQUIVALENTS 6,371 6,340
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 8,506 7,608
CASH AND CASH EQUIVALENTS AT END OF PERIOD 14,877 13,948
Supplemental disclosure of cash flow information:    
Cash payments for interest 1,653 372
Cash payments for taxes, net of refunds 7,928 5,859
Supplemental disclosure of non-cash items:    
Capital expansion amortized to depreciation expense $ 749 $ 1,236