Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
REVENUES    
Petrochemical Product Sales $ 51,620 $ 55,829 [1]
Processing Fees 1,125 966 [1]
Total Revenues 52,745 56,795 [1]
OPERATING COSTS AND EXPENSES    
Cost of Sales and Processing (including depreciation of $825, and $724, respectively) 46,066 50,077 [1]
GROSS PROFIT 6,679 6,718 [1]
GENERAL AND ADMINISTRATIVE EXPENSES    
General and Administrative 3,505 2,987 [1]
Depreciation 129 124 [1]
Total General and Administrative Expenses 3,634 3,111 [1]
OPERATING INCOME 3,045 3,607 [1]
OTHER INCOME (EXPENSE)    
Interest Income 1 0 [1]
Interest Expense (117) (165) [1]
Losses on Cash Flow Hedge Reclassified from OCI (78) (94) [1]
Equity in earnings (loss) of AMAK 298 (213) [1]
Miscellaneous Income (Expense) (18) (73) [1]
Total other income (expenses) 86 (545) [1]
INCOME BEFORE INCOME TAXES 3,131 3,062 [1]
INCOME TAXES 1,011 1,067 [1]
NET INCOME 2,120 1,995 [1]
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 0 0 [1]
NET INCOME ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT COMPANY $ 2,120 $ 1,995 [1]
Basic Earnings per Common Share    
Net Income Attributable to Arabian American Development Company (in dollars per share) $ 0.09 $ 0.08 [1]
Basic Weighted Average Number of Common Shares Outstanding (in shares) 24,105 24,043 [1]
Diluted Earnings per Common Share    
Net Income Attributable to Arabian American Development Company (in dollars per share) $ 0.09 $ 0.08 [1]
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 24,658 24,977 [1]
[1] (Restated)