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
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
OPERATING ACTIVITIES    
Net Income $ 9,514 $ 4,353
Adjustments to Reconcile Net Income Attributable to Arabian American Development Company To Net Cash Provided by (Used in) Operating Activities:    
Depreciation 2,611 2,405
Amortization of Contractual Based Intangible Asset 188 188
Accretion of Notes Receivable Discounts (2) (1)
Unrealized Loss on Derivative Instruments 731 388
Stock-based Compensation 293 645
Deferred Income Taxes (331) (77)
Postretirement Obligation 8 9
Changes in Operating Assets and Liabilities:    
(Increase) Decrease in Trade Receivables 1,434 (11,365)
(Increase) Decrease in Notes Receivable (66) 35
Decrease in Income Tax Receivable 0 216
Increase in Inventories (868) (2,081)
Increase in Prepaid Derivative Settlement (500) 0
(Increase) Decrease in Prepaid Expenses (1,135) 99
Increase (Decrease) in Accounts Payable and Accrued Liabilities (1,045) 4,124
Increase (Decrease) in Accrued Interest (16) 8
Decrease in Accrued Liabilities in Saudi Arabia 0 (76)
Increase in Other Liabilities 353 500
Net Cash Provided by (Used in) Operating Activities 11,169 (630)
INVESTING ACTIVITIES    
Additions to Plant, Pipeline and Equipment (5,389) (3,690)
Repayment of Advance to AMAK 0 750
Advance to AMAK (1,542) (800)
Net Cash Used in Investing Activities (6,931) (3,740)
FINANCING ACTIVITIES    
Issuance of Common Stock 146 16
Additions to Long-Term Debt 2,000 3,000
Repayment of Long-Term Debt (10,050) (1,459)
Net Cash Provided by (Used in) Financing Activities (7,904) 1,557
NET DECREASE IN CASH AND CASH EQUIVALENTS (3,666) (2,813)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 6,674 7,610
CASH AND CASH EQUIVALENTS AT END OF PERIOD 3,008 4,797
Supplemental disclosure of cash flow information:    
Cash payments for interest 816 811
Cash payments for taxes, net of refunds 6,150 215
Supplemental disclosure of non-cash items:    
Capital expansion amortized to depreciation expense 850 157
Unrealized gain (loss) on interest rate swap, net of tax expense $ 103 $ (9)