Annual report pursuant to section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues      
Petrochemical product sales $ 230,643 $ 218,512 $ 194,620
Processing 5,584 4,346 4,897
Total Revenues 236,227 222,858 199,517
Operating costs and expenses      
Cost of petrochemical product sales and Processing (including depreciation of $3,518, $3,053, and $2,744, respectively) 201,064 192,100 173,600
Gross Profit 35,163 30,758 25,917
General and Administrative Expenses      
General and administrative 14,672 12,782 11,778
Depreciation 521 520 476
Total General and Administrative Expenses 15,193 13,302 12,254
Operating income 19,970 17,456 13,663
Other income (expense)      
Interest income 15 3 4
Interest expense (520) (547) (699)
Losses on cash flow hedge reclassified from OCI (301) (359) (414)
Equity in earnings (loss) of AMAK (Note 8) 4,703 (211) (1,018)
Gain from additional equity issuance by AMAK (Note 8) 3,997 0 8,850
Miscellaneous income (expense) (219) (117) 3
Total other income (expenses) 7,675 (1,231) 6,726
Income before income tax expense 27,645 16,225 20,389
Income tax expense 8,147 5,904 6,505
Net income 19,498 10,321 13,884
Net loss attributable to Noncontrolling Interest 0 0 0
Net income attributable to Arabian American Development Company $ 19,498 $ 10,321 $ 13,884
Net income per common share      
Basic earnings per share (in dollars per share) $ 0.81 $ 0.43 $ 0.58
Diluted earnings per share (in dollars per share) $ 0.79 $ 0.42 $ 0.57
Weighted average number of common shares outstanding      
Basic (in shares) 24,115 24,081 23,993
Diluted (in shares) 24,745 24,745 24,267