Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

v2.4.0.6
CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 5,633 $ 6,674
Financial contracts 925 393
Trade receivables, net 23,067 23,198
Current portion of contractual based intangible assets, net 250 251
Prepaid expenses and other assets 890 681
Inventories 10,528 9,456
Deferred income taxes 966 1,169
Total current assets 42,259 41,822
Plant, pipeline and equipment, net 37,629 36,952
Investment in AMAK 30,884 30,884
Mineral properties in the United States 588 588
Contractual based intangible asset, net 292 355
Other assets 11 11
TOTAL ASSETS 111,663 110,612
Current Liabilities    
Accounts payable 7,090 5,857
Accrued interest 116 116
Current portion of derivative instruments 336 345
Accrued liabilities 2,623 2,956
Accrued liabilities in Saudi Arabia 140 140
Current portion of post retirement benefit 261 258
Current portion of long-term debt 1,500 1,500
Current portion of other liabilities 932 937
Total current liabilities 12,998 12,109
Long-term debt, net of current portion 20,389 22,739
Post-retirement benefit, net of current portion 649 649
Derivative instruments, net of current portion 688 789
Other liabilities, net of current portion 1,143 1,071
Deferred income taxes 6,956 7,016
Total liabilities 42,823 44,373
EQUITY    
Common stock-authorized 40 million shares of $.10 par value; issued and outstanding 23.8 million and 23.7 million shares in 2012 and 2011, respectively (Note 6) 2,378 2,373
Additional Paid-in Capital 44,455 44,138
Accumulated Other Comprehensive Loss (677) (748)
Retained Earnings 22,395 20,187
Total Arabian American Development Company Stockholders'Equity 68,551 65,950
Noncontrolling interest 289 289
Total equity 68,840 66,239
TOTAL LIABILITIES AND EQUITY $ 111,663 $ 110,612