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
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES    
Net Income $ 12,158 $ 7,599
Adjustments to Reconcile Net Income of Trecora Resources To Net Cash Provided by Operating Activities:    
Depreciation 3,409 2,008
Amortization of Intangible Assets 942 104
Unrealized Gain on Derivative Instruments (289) (48)
Share-based Compensation 1,289 973
Deferred Income Taxes (69) (665)
Postretirement Obligation 4 4
Equity in losses of AMAK 310 344
Changes in Operating Assets and Liabilities:    
(Increase) Decrease in Trade Receivables 6,149 (6,107)
Decrease in Taxes Receivable 434 571
(Increase) Decrease in Inventories (2,243) 361
Increase in Prepaid Expenses (15) (196)
Decrease in Other Assets 419 101
Increase (Decrease) in Accounts Payable and Accrued Liabilities (2,968) 922
Increase in Other Liabilities 969 0
Net Cash Provided by Operating Activities 20,499 5,971
INVESTING ACTIVITIES    
Additions to Plant, Pipeline and Equipment (16,850) (4,127)
Acquisition Goodwill Adjustment (47) 0
Advance to AMAK, net 0 536
Cash Used in Investing Activities (16,897) (3,591)
FINANCING ACTIVITIES    
Issuance of Common Stock 46 91
Additions to Long-Term Debt 0 3,000
Repayment of Long-Term Debt (3,500) (6,700)
Net Cash Used in Financing Activities (3,454) (3,609)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 148 (1,229)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 8,506 7,608
CASH AND CASH EQUIVALENTS AT END OF PERIOD 8,654 6,379
Supplemental disclosure of cash flow information:    
Cash payments for interest 1,147 245
Cash payments for taxes, net of refunds 6,902 2,659
Supplemental disclosure of non-cash items:    
Capital expansion amortized to depreciation expense $ 599 $ 823