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, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net Income Attributable to Trecora Resources $ 7,599 $ 11,095
Adjustments to Reconcile Net Income Attributable to Trecora Resources To Net Cash Provided by Operating Activities:    
Depreciation 2,008 1,923
Amortization of Contractual Based Intangible Asset 104 125
Accretion of Notes Receivable Discounts (18) (2)
Unrealized Loss on Derivative Instruments (48) 0
Stock-based Compensation 973 548
Deferred Income Taxes (665) 1,148
Postretirement Obligation 4 5
Equity in (earnings) losses of AMAK 344 (3,700)
Gain from additional equity issuance by AMAK 0 (3,996)
Changes in Operating Assets and Liabilities:    
Increase in Trade Receivables (6,107) (5,279)
Decrease in Notes Receivable 141 20
Decrease in Income Tax Receivable 571 1,182
(Increase) Decrease in Inventories 361 (2,476)
Increase in Prepaid Expenses (196) (547)
Increase in Accounts Payable and Accrued Liabilities 922 249
Increase (Decrease) in Accrued Interest (22) 2
Increase in Other Liabilities 0 500
Net Cash Provided by Operating Activities 5,971 797
INVESTING ACTIVITIES    
Additions to Plant, Pipeline and Equipment (4,127) (3,142)
Addition to Investment in AMAK 0 (7,500)
Advance to AMAK, net 536 1,719
Net Cash Used in Investing Activities (3,591) (8,923)
FINANCING ACTIVITIES    
Issuance of Common Stock 91 44
Additions to Long-Term Debt 3,000 6,000
Repayment of Long-Term Debt (6,700) (2,700)
Net Cash Provided by (Used in) Financing Activities (3,609) 3,344
NET DECREASE IN CASH AND CASH EQUIVALENTS (1,229) (4,782)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 7,608 9,508
CASH AND CASH EQUIVALENTS AT END OF PERIOD 6,379 4,726
Supplemental disclosure of cash flow information:    
Cash payments for interest 245 388
Cash payments for taxes 2,659 1,390
Supplemental disclosure of non-cash items:    
Capital expansion amortized to depreciation expense 823 540
Unrealized gain on interest rate swap, net of tax expense $ 63 $ 127