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
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net Income $ 7,224 $ 5,784
Adjustments to Reconcile Net Income of Trecora Resources To Net Cash Provided by Operating Activities:    
Depreciation 1,926 1,770
Amortization of Intangible Assets 469 471
Unrealized Gain on Derivative Instruments (30) (242)
Share-based Compensation 647 701
Deferred Income Taxes 1,407 (95)
Postretirement Obligation 2 2
Equity in earnings of AMAK (5,378) (59)
Changes in Operating Assets and Liabilities:    
Decrease in Trade Receivables 695 2,763
Decrease in Income Tax Receivable 2,177 434
Increase in Inventories (1,521) (1,624)
Decrease in Prepaid Expenses and Other Assets 248 738
Decrease in Accounts Payable and Accrued Liabilities (1,419) (89)
Decrease in Other Liabilities (1,244) (699)
Net Cash Provided by Operating Activities 5,203 9,855
INVESTING ACTIVITIES    
Additions to Plant, Pipeline and Equipment (7,602) (7,743)
FINANCING ACTIVITIES    
Issuance of Common Stock 11 123
Repayment of Long-Term Debt (2,083) (1,750)
Net Cash Used in Financing Activities (2,072) (1,627)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (4,471) 485
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 18,623 8,506
CASH AND CASH EQUIVALENTS AT END OF PERIOD 14,152 8,991
Supplemental disclosure of cash flow information:    
Cash payments for interest 583 643
Cash payments for taxes, net of refunds 0 1,850
Supplemental disclosure of non-cash items:    
Capital expansion amortized to depreciation expense $ 197 $ 414